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) announced a full-building lease for approximately 138,000 square feet in Kent, Washington with a third-party logistics provider. The lease starts on June 30, 2022 and runs until October 2027. Terreno operates industrial real estate across six major coastal U.S. markets, including Los Angeles, New York City, San Francisco, Seattle, Miami, and Washington, D.C.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in San Leandro, California, for approximately $34.6 million on June 1, 2022. This property includes five industrial distribution buildings totaling 104,000 square feet on 4.2 acres, fully leased to 13 tenants, with leases expiring by 2027. Its strategic location near I-880 and Oakland International Airport enhances accessibility. The estimated stabilized cap rate is 3.5%, with expected annualized cash basis net operating income based on market occupancy.
Terreno Realty Corporation (NYSE:TRNO) has announced an early lease renewal for 7.2 acres in Newark, New Jersey, extending the lease expiration from February 2023 to February 2028. The leased land will be utilized by a manufacturer and direct importer of stone products. This strategic move reflects Terreno's commitment to enhancing its portfolio in key coastal markets, including Los Angeles, Northern New Jersey, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.
Terreno Realty Corporation (NYSE:TRNO) has acquired two industrial properties in Inglewood and Los Angeles, California, for approximately $27.2 million on May 25, 2022. The Inglewood property spans 19,000 square feet and is 70% leased, with a stabilized cap rate of 2.4%. The Los Angeles property encompasses 40,000 square feet and is fully leased, demonstrating a 3.2% stabilized cap rate. Both properties are strategically located near Los Angeles International Airport, enhancing their operational value and potential for future growth.
Terreno Realty Corporation (NYSE:TRNO) has announced the acquisition of a 2.1-acre industrial property in Anaheim, California for approximately $15.0 million on May 24, 2022. The parcel is strategically located adjacent to CA SR 91, with an estimated stabilized cap rate of 4.7%. This acquisition enhances Terreno's portfolio in major coastal U.S. markets, underscoring its commitment to industrial real estate.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Newark, New Jersey, for approximately $11.9 million on May 19, 2022. The 2.4-acre land parcel at 127-167 and 147-163 Doremus Avenue is fully leased short-term to a single tenant, with an estimated stabilized cap rate of 6.9%. This acquisition supports Terreno's strategy of expanding its industrial real estate portfolio across six major coastal U.S. markets, aiming to enhance operational efficiency and increase future revenue.
Terreno Realty Corporation (NYSE:TRNO) has successfully acquired an industrial property in Santa Clara, California for approximately $54.6 million on May 4, 2022. The facility covers around 135,000 square feet on 6.5 acres, featuring 13 dock-high and five grade-level loading positions, as well as parking for 91 cars. Fully leased to four tenants, the leases will expire between 2022 and 2027, with an estimated stabilized cap rate of 2.5%.
The acquisition enhances Terreno's portfolio in key coastal U.S. markets.
Terreno Realty Corporation (NYSE: TRNO) declared a cash dividend of $0.34 per common share for the quarter ending June 30, 2022, payable on July 14, 2022. This dividend reflects the company's commitment to returning value to shareholders. Additionally, the quarterly report for the period ending March 31, 2022 has been filed with the SEC. The company also promoted Melinda Weston to Chief Accounting Officer, effective May 3, 2022, strengthening its management team.
Terreno Realty Corporation (NYSE:TRNO) announced the sale of an industrial property in Bound Brook, New Jersey on May 2, 2022, for approximately $110.4 million. The 581,000 square feet property consists of 18 distribution buildings, fully leased to 29 tenants. Acquired for about $27.0 million in September 2010, this investment yielded an unleveraged internal rate of return of 15.2%. Terreno operates in key U.S. coastal markets, ensuring a strategic position in the industrial real estate sector.
Terreno Realty Corporation (NYSE:TRNO) has acquired a 9.7-acre industrial property in Newark, New Jersey, for $17.3 million. The acquisition, completed on April 18, 2022, adds to its portfolio of industrial real estate across six coastal U.S. markets. The property is 100% leased to two tenants, with an estimated stabilized cap rate of 5.3%. This strategic location near the New Jersey Turnpike aims to bolster TRNO’s market presence and operational capacity.