Terreno Realty Stock Price, News & Analysis

Terreno Realty Corporation (NYSE: TRNO) declared a regular cash dividend of $0.52 per common share for the quarter ending December 31, 2025. The dividend is payable on January 9, 2026 to shareholders of record at the close of business on December 15, 2025. The company also filed its Form 10-Q for the quarter ended September 30, 2025 with the SEC; financial statements and supplemental information are available on the company website.

Terreno operates industrial real estate across six major U.S. coastal markets: New York/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C. The release includes standard forward-looking statements and risk disclosures.

Terreno Realty Corporation (NYSE:TRNO) named Paul J. Donahue, Jr. as an independent director effective November 4, 2025, expanding its Board to eight members.

Mr. Donahue is Managing Partner and Co-Founder of Black Squirrel Partners and retired from Morgan Stanley in 2020 after a 32-year career, most recently as Head of Americas Equity Capital Markets and Chairman of the Equity Underwriting Committee. He serves on the boards of PBF (NYSE:PBF) and Servco Pacific and supports several philanthropic boards.

Terreno owns industrial real estate across six coastal U.S. markets and included customary forward-looking statements caution.

Terreno Realty Corporation (NYSE:TRNO) executed a lease for 226,000 sq ft in Newark, California with an original design manufacturer of cloud computing hardware, effective November 1, 2025 and expiring May 2036.

Terreno terminated the prior in-place lease effective October 31, 2025 and received an early termination payment of approximately $13.5 million. The company expects to record a net revenue increase of approximately $4.4 million for the three months ended December 31, 2025 from the write-off of the below-market lease and straight-line rent related to the early termination.

Terreno Realty Corporation (NYSE:TRNO) acquired an industrial property at 250 South Maple Avenue, South San Francisco, CA on October 15, 2025 for approximately $5.6 million. The site includes an ~18,000 sq ft industrial distribution building and a 0.2-acre improved land parcel on 1.0 acre. The building is 73% leased to four tenants; the land parcel is 100% leased. All leases expire by June 2028. Terreno estimates a stabilized cap rate of 6.3% (stabilized to ~95% market occupancy).

Terreno Realty Corporation (NYSE:TRNO) reported third-quarter 2025 operating, investment and capital markets activity. As of September 30, 2025, the company owned 307 buildings (≈20.2M SF) and 44 improved land parcels (≈146.4 acres) leased to 676 customers.

Key metrics: 96.2% operating occupancy (vs 97.7% prior quarter), 98.6% same-store occupancy, 17.2% increase in cash rents on new/renewed Q3 leases and 23.8% YTD. Q3 acquisitions totaled $472.6M (Q3 purchases include a $426.9M multi-market portfolio); YTD acquisitions $596.1M. Q3 dispositions were $102.8M; YTD dispositions $386.4M. Began one development (expected investment $54.1M) and completed one (investment $39.9M).

Capital markets: YTD ATM issuance 3,506,371 shares for gross proceeds $237.4M; no ATM shares issued in Q3. Revolving credit balance ≈$280M; no 2025 maturities and $50M due in 2026.

Terreno Realty Corporation (NYSE:TRNO) sold a 603,000 sq ft industrial distribution property in South Brunswick, New Jersey on October 6, 2025 for approximately $144.2 million. The 35.5-acre site was 100% leased at sale.

Terreno originally bought 413,000 sq ft on the site on September 29, 2010 for $22.5 million and in 2013 expanded the building by 190,000 sq ft with an additional investment of $13.6 million. The company reported an unleveraged IRR of 13.4% on the investment.

Terreno Realty Corporation (NYSE:TRNO) has begun construction of Building 36 at Countyline Corporate Park Phase IV in Hialeah, Florida. The 214,000 square foot industrial distribution building is already 51% pre-leased to an international logistics company with a lease running through June 2037.

The building, part of a larger 121-acre development project, represents a $54.1 million investment with an estimated stabilized cap rate of 5.8%. The complete Countyline Corporate Park Phase IV project will feature 10 LEED-certified buildings totaling 2.2 million square feet with a total investment of approximately $511.5 million, expected to be completed in 2027.

Terreno Realty Corporation (NYSE:TRNO) has fully leased its Countyline Corporate Park Phase IV Building 34 in Hialeah, Florida. The 220,000 square foot industrial distribution building secured three major tenants: a cruise ship industry supplier (153,000 sq ft), a white-glove delivery service provider (35,000 sq ft), and a global automotive refinish systems manufacturer (32,000 sq ft).

Building 34, representing a $55.2 million investment with an estimated 5.7% stabilized cap rate, is expected to achieve LEED certification. The building's stabilization in Q1 2026 will bring Phase IV to 80% completion, with eight buildings totaling 1.8 million square feet fully leased. Upon full completion in 2027, Phases III and IV combined will comprise 17 buildings spanning 3.5 million square feet.

Terreno Realty Corporation (NYSE:TRNO), an industrial real estate company operating in six major coastal U.S. markets, has secured a significant lease renewal in Lynwood, California. The agreement covers a 4.9-acre land parcel with a rail transshipment facility, leased to a liquid food product distributor.

The lease will commence on January 1, 2026, and run through December 2037, representing a long-term commitment of approximately 12 years. The property is part of TRNO's portfolio, which spans major markets including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.