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 (NYSE: TRNO) generates a steady flow of news through its activity as an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets. Company announcements highlight transactions and developments across New York City/Northern New Jersey, Los Angeles, Miami, the San Francisco Bay Area, Seattle and Washington, D.C.
News coverage for Terreno often focuses on operating performance and leasing. Regular updates describe portfolio occupancy, same-store occupancy, improved land leasing, cash rent changes on new and renewed leases, and tenant retention ratios. Press releases also detail notable lease signings and renewals, such as agreements with logistics providers, manufacturers, government agencies and other industrial users in markets like Newark, Hialeah, Doral, Woodinville and Washington, D.C.
Another major category of news involves acquisitions, dispositions and development. Terreno reports on purchases of industrial distribution buildings and improved land parcels, including property size, location, loading configurations, parking, purchase price and estimated stabilized capitalization rates. Disposition announcements describe sales of industrial properties and the unleveraged internal rates of return achieved over the holding period. Development and redevelopment updates cover new construction starts, project scale, expected total investment, targeted LEED certification and pre-leasing status, including large multi-building initiatives such as Countyline Corporate Park Phase IV in Hialeah, Florida.
Terreno’s news flow also includes capital markets and financing activity. Examples include issuing common stock under an at-the-market equity offering program and entering into amendments to its senior credit facility, such as adding a new term loan and adjusting borrowing terms. By following TRNO news, readers can track how the company is expanding and repositioning its industrial portfolio, managing occupancy and rents, and arranging capital to support its real estate strategy across key coastal U.S. logistics markets.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Rancho Dominguez, California for approximately $22.4 million as of December 30, 2022. This 51,000-square-foot building is situated near major transport hubs and is leased until June 2023. Post-lease, the property is slated for redevelopment into a 2.8-acre improved land parcel with an estimated stabilized cap rate of 6.2%. This acquisition aims to enhance Terreno's portfolio in key U.S. coastal markets.
Terreno Realty Corporation (NYSE:TRNO) has announced the sale of an industrial property in Bayonne, New Jersey, for approximately $24.3 million on December 27, 2022. The property, spanning around 98,000 square feet and 3.6 acres, is fully leased to a single tenant. Terreno initially acquired the property on March 31, 2014, for about $9.2 million, resulting in an unleveraged internal rate of return of 14.1%. This transaction reflects the company's strategy in the industrial real estate market across six major coastal U.S. locations.
Terreno Realty Corporation (NYSE:TRNO) has secured a lease for 6.7 acres of improved land in Medley, Florida, with a North American equipment rental provider. This lease will begin on February 1, 2023, and continue until March 2033. Terreno specializes in acquiring, owning, and operating industrial real estate across six major U.S. coastal markets including Los Angeles, New York City, and Miami.
Terreno Realty Corporation (NYSE:TRNO) has secured a lease renewal for 110,000 square feet in Commerce, California, extending the lease expiration from March 2023 to April 2028. This renewal highlights the company's commitment to maintaining long-term relationships with tenants in the industrial real estate sector.
Terreno operates 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 Corporation (NYSE: TRNO) announced the appointment of Irene H. Oh as an independent director, effective January 1, 2023, expanding its Board to nine members. Ms. Oh brings a wealth of experience, having served as Executive Vice President and CFO of East West Bancorp since January 2010. She also holds positions on the audit committee for the United Way of Greater Los Angeles. Terreno Realty operates industrial real estate in six major coastal U.S. markets, including Los Angeles, New Jersey, San Francisco, Seattle, Miami, and Washington, D.C.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in location value="LU/us.nj.elieth"Elizabeth, New Jersey for approximately $15.4 million as of November 29, 2022. The property spans 23,000 square feet on 1.8 acres, is located near Newark Liberty International Airport, and is fully leased on a short-term basis. It features two dock-high and two grade-level loading positions. The estimated stabilized cap rate is 5.4%, calculated based on net operating income and total acquisition costs.
Terreno Realty Corporation (NYSE:TRNO) sold an industrial property in Somerset, New Jersey, on November 17, 2022, for $25 million. The property spans approximately 86,000 square feet on 6.9 acres and is fully leased to a single tenant. Terreno acquired the property on September 1, 2016, for about $9.1 million, achieving an impressive unleveraged internal rate of return of 20.7% on this investment. The company operates across major coastal U.S. markets, including Los Angeles and New York City.
Terreno Realty Corporation (NYSE:TRNO), based in Bellevue, Washington, announced an early lease renewal in Jamaica, Queens, New York, with a global freight forwarding provider. The renewal covers 63,000 square feet, extending the lease from its original expiration in December 2022 to December 2027. This renewal solidifies the company’s position in the industrial real estate sector, as it operates in six major U.S. coastal markets, including Los Angeles and Miami.
Terreno Realty Corporation (NYSE: TRNO) announced a regular cash dividend of $0.40 per common share for the quarter ending December 31, 2022. This dividend will be payable on January 13, 2023 to stockholders of record as of December 30, 2022. The company operates 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. For detailed financial information, refer to their quarterly report filed with the SEC.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Los Angeles, California for approximately $17.0 million on November 1, 2022. This property features a 26,000-square-foot transshipment building on 1.8 acres, providing 19 dock-high loading positions and parking for 66 cars. It is fully leased until September 2024 with an estimated stabilized cap rate of 2.5%. Terreno operates industrial real estate across six major coastal U.S. markets, enhancing its portfolio with this strategic acquisition.