Terreno Realty Corporation reports recurring developments as an industrial real estate REIT that acquires, owns and operates properties in New York City/Northern New Jersey, Los Angeles, Miami, the San Francisco Bay Area, Seattle and Washington, D.C. Its updates focus on leasing activity, early renewals, occupancy, acquisitions, dispositions, development completions and capital markets activity across warehouse, distribution, transshipment, flex and improved-land assets.
Company announcements also cover quarterly dividends, Form 10-Q financial statements and supplemental operating information. Property-level releases often describe square footage, acreage, loading configuration, tenant use and project status, including industrial distribution buildings at Countyline Corporate Park in Hialeah, Florida.
Terreno Realty Corporation (NYSE:TRNO) has sold an industrial property in Commerce, California for $97.0 million. The property, which consists of five multi-tenant industrial buildings spanning approximately 545,000 square feet on 24.0 acres, was 99% leased to 12 tenants at the time of sale. The company had originally purchased the property on May 30, 2012, for $52.4 million, generating an unleveraged internal rate of return of 9.5% over the investment period.
Terreno Realty Corporation specializes in acquiring, owning, and operating industrial real estate across six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
Terreno Realty Corporation (NYSE:TRNO) has sold an industrial property in Bellevue, Washington for $17.5 million on May 22, 2025. The property, consisting of one industrial flex building spanning approximately 39,000 square feet on 2.1 acres, was originally purchased by Terreno for $11.7 million in November 2020. The vacant property generated an unleveraged internal rate of return of 11.1%.
Terreno Realty Corporation specializes in acquiring, owning, and operating industrial real estate across six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
Terreno Realty Corporation (NYSE:TRNO) has signed a new lease agreement for a 3.0-acre improved land parcel in Rancho Dominguez, California. The tenant is a provider of environmental and regulated waste management services. The lease commenced on May 20, 2025 and will run through May 2028.
Terreno Realty Corporation specializes in acquiring, owning, and operating industrial real estate across six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
Terreno Realty Corporation (NYSE:TRNO) has announced a lease renewal with the United States Postal Service for a 53,000 square foot facility in Washington, D.C. The renewed lease will commence on June 1, 2025 and run through June 2030, representing a 5-year extension.
Terreno Realty Corporation is a real estate company that specializes in acquiring, owning, and operating industrial properties across six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
Terreno Realty Corporation (NYSE:TRNO) has secured a new lease agreement for a 70,000 square foot facility in Woodinville, Washington. The tenant, a designer and manufacturer of camera movement systems and stabilizers for unmanned aerial cinematography and remote controlled vehicles, will occupy the space from June 30, 2025 to November 2030. Terreno Realty Corporation specializes in acquiring, owning, and operating industrial real estate across six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
Terreno Realty Corporation (NYSE: TRNO), a company specializing in industrial real estate across six major coastal U.S. markets, has announced a quarterly dividend of $0.49 per common share for Q2 2025. The dividend will be paid on July 11, 2025, to stockholders of record as of June 27, 2025.
The company has also filed its Q1 2025 quarterly report (Form 10-Q) with the SEC. Terreno operates in key markets including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. The financial statements and supplemental information are available on the company's website.
Terreno Realty (NYSE:TRNO) has acquired an industrial property in Long Island City Queens, New York for $7.6 million. The property, located at 43-27 33rd Street, consists of one industrial distribution building spanning approximately 20,000 square feet on 0.5 acres.
The facility features four grade-level loading positions and is strategically positioned adjacent to New York State Route 25 (Queens Boulevard), approximately one mile from the Queensboro Bridge. The property is fully leased to a commercial bakery and kitchen through December 2027, with an estimated stabilized cap rate of 4.6%.
Terreno Realty (NYSE:TRNO) has acquired an industrial property in Redmond, Washington for $9.3 million. The property, located at 9660 153rd Avenue NE on Seattle's Eastside, includes a 33,000 square foot industrial distribution building on 1.5 acres.
The facility features two dock-high and one grade-level loading positions, with parking for 30 cars. While currently 100% leased on a short-term basis, the property will undergo renovation after the existing tenant vacates, reducing its size to approximately 26,000 square feet. The estimated stabilized cap rate post-renovation is 5.5%.
Terreno Realty (NYSE:TRNO) reported its Q1 2025 operating results, showing a quarter-end occupancy of 96.6% compared to 97.4% in the previous quarter. The company achieved a 34.2% increase in cash rents on new and renewed leases with a 71.7% tenant retention ratio.
Key developments include:
- Sale of two properties for $24.9 million
- Completion of Santa Ana property redevelopment with $41.3 million investment
- Issuance of 3.5 million shares through ATM program raising $237.4 million
- Portfolio expansion to 298 buildings (19.3 million square feet) and 47 improved land parcels
The company has $55.9 million in acquisitions under contract and $16.0 million under letters of intent. Additionally, Terreno has five properties under development expected to total $392.8 million in investment.
Terreno Realty (NYSE:TRNO) has achieved full occupancy at its Countyline Building 33 in Hialeah, Florida through three new lease agreements:
- A seven-year lease for 105,000 sq ft with a third-party logistics provider
- 28,000 sq ft lease with a business-to-business food purveyor
- 24,000 sq ft lease with a specialty elevator parts distributor
Building 33 is a 158,000 sq ft industrial distribution facility completed in January 2025, with a total investment of $39.9 million and estimated stabilized cap rate of 5.9%. The building is part of Countyline Corporate Park Phase IV, a 121-acre development project set to include 10 LEED-certified buildings totaling 2.2 million sq ft by 2027, with a total expected investment of $511.5 million.