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 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.
Terreno Realty Corporation (NYSE:TRNO) has successfully acquired an industrial property in Redmond, Washington for approximately $9.8 million on April 8, 2022. This acquisition includes two distribution buildings totaling around 32,000 square feet on 2.0 acres. The property is 100% leased and features 13 grade-level loading positions, with parking for 58 vehicles. The estimated stabilized cap rate is 4.1%, indicating a solid investment. This acquisition strengthens Terreno's industrial footprint in key U.S. markets.
Terreno Realty Corporation (NYSE:TRNO) reported strong first-quarter 2022 results with a quarter-end occupancy of 96.9% and same-store occupancy of 98.4%, reflecting an increase from the previous quarter and year. The company achieved a 34.8% rise in cash rents on new and renewed leases and a tenant retention ratio of 47.7%. They completed the Americas Gateway 5 redevelopment with an estimated stabilized cap rate of 6.6%. Year-to-date acquisitions totaled $86.1 million, with $293.6 million under contract or letter of intent.
Terreno Realty Corporation (NYSE: TRNO) has announced agreements to establish rooftop solar projects in Washington, D.C., with a total power capacity of 8.4 MW, enough to supply over 700 homes. These projects align with the company's sustainability goal of implementing solar solutions on at least 5% of their rooftop areas by the end of 2024. The projects are anticipated to be operational in 2023, supporting Terreno’s commitment to renewable energy.