Welcome to our dedicated page for Terreno Realty news (Ticker: TRNO), a resource for investors and traders seeking the latest updates and insights on Terreno Realty stock.
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 (NYSE: TRNO) has announced an early lease renewal and expansion in Fremont, California with an Advanced Air Mobility provider. The renewal lease, initially set to expire in February 2025, has been extended to August 2029. Additionally, an expansion lease of 41,000 square feet will begin in June 2024 and also conclude in August 2029.
Terreno Realty focuses on acquiring, owning, and operating industrial real estate in six major coastal U.S. markets, including Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.
Terreno Realty (NYSE: TRNO) announced a lease agreement for 5.5 acres of improved land in Newark, New Jersey with an automobile exporter. The lease began on May 16, 2024, and will run until January 2028. Terreno specializes in acquiring, owning, and operating industrial real estate in key coastal markets, including Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.
Terreno Realty (NYSE: TRNO) declared a cash dividend of $0.45 per share for the quarter ending June 30, 2024. The dividend will be paid on July 12, 2024, to common stockholders of record on June 28, 2024. The company also filed its Form 10-Q for the quarter ended March 31, 2024 with the SEC. Terreno Realty focuses on industrial real estate in key U.S. markets.
Terreno Realty acquired a portfolio of industrial properties in New York City, Northern New Jersey, San Francisco, and Los Angeles for $364.5 million. The portfolio consists of 28 buildings totaling 1.2 million square feet, with a 91.6% occupancy rate. The in-place cap rate is 4.3%, estimated stabilized cap rate is 5.0%, and adjusting to market rents is 5.8%. Goldman Sachs & Co. served as the financial advisor for the acquisition.
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