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 the lease renewal of 231,000 square feet in Gardena, California, with an omnichannel home goods retailer. The lease will be effective from September 1, 2022, to August 31, 2025. Terreno specializes in acquiring, owning, and operating industrial real estate in major coastal U.S. markets including Los Angeles, New York City, and Miami. The company is focused on expanding its footprint in industrial real estate, highlighting the ongoing demand in the sector despite broader economic uncertainties.
Terreno Realty Corporation (NYSE:TRNO) has announced the income tax treatment of its 2021 dividend distributions, totaling $1.28 per share. This includes one distribution from 2020, three from 2021, and part of one for 2022. Key dates include a record date of December 15, 2020, with payments distributed between January 5 and July 14, 2021. Only approximately $0.02 of the November 2, 2021 distribution will count as income for 2021 tax purposes. Investors can find more details on the company's website.
Terreno Realty Corporation (NYSE:TRNO) has announced a lease renewal for 46,000 square feet in Brooklyn, New York with a content production studio. This lease will commence on November 1, 2022, and will expire on October 31, 2027. Terreno Realty specializes in acquiring, owning, and operating industrial real estate in six major coastal U.S. markets, including locations such as Los Angeles, New York City, and Miami.
Terreno Realty Corporation (NYSE:TRNO) reported a 95.5% quarter-end occupancy and a 34.4% increase in cash rents on new and renewed leases in Q4 2021. The company acquired $326.1 million in properties and sold one for $32.7 million. Total 2021 acquisitions reached $657.3 million. They closed an offering of $299.9 million in common stock, intending to use proceeds for general corporate purposes. As of December 31, 2021, TRNO owned 253 buildings and had four properties under redevelopment.
Terreno Realty Corporation (NYSE:TRNO) announced the acquisition of a 0.8-acre industrial property in Redmond, Washington, for approximately $3.5 million on December 27, 2021. The property is fully leased to a single tenant on a short-term basis, with an estimated stabilized cap rate of 4.9%. This acquisition aligns with Terreno's strategy of operating industrial real estate across key U.S. coastal markets. The calculated cap rate reflects the property's net operating income against total acquisition costs, which encompass various financial factors necessary for stabilization.
Terreno Realty Corporation has acquired an industrial property in location value="LU/us.wa.woolle"Woodinville, Washington for approximately $33.5 million on December 23, 2021. The site consists of two buildings spanning 118,000 square feet on 9.6 acres, featuring 27 dock-high and eight grade-level loading positions. The property is fully leased to four tenants, with an estimated stabilized cap rate of 3.7%. This acquisition strengthens Terreno's portfolio in six major U.S. coastal markets.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Hialeah, Florida for approximately $74.1 million. The acquisition, completed on December 15, 2021, involves two rear-load industrial buildings covering about 402,000 square feet on 19 acres. This property, located on West 108th Street, is fully leased to seven tenants, with expected leases commencing by June 30, 2022. The estimated stabilized cap rate is 3.8%, indicating potential for steady income generation.
Terreno Realty Corporation (NYSE:TRNO) announced the acquisition of a 4.4-acre industrial property in Bladensburg, Maryland, for approximately $11.9 million on December 13, 2021. This property, located near Washington, D.C., is fully leased to a single tenant until May 2024, and it has an estimated stabilized capitalization rate of 3.8%. The acquisition aligns with Terreno's strategy of investing in industrial real estate across key U.S. coastal markets.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Alexandria, Virginia for approximately $60.8 million. The property includes three buildings totaling around 199,000 square feet on 9.3 acres, featuring 25 dock-high and 15 grade-level loading positions. Fully leased to 13 tenants with leases expiring by 2026, it boasts an estimated stabilized cap rate of 3.0%.
Terreno operates in six major U.S. coastal markets, enhancing its portfolio with this acquisition.
Terreno Realty Corporation (NYSE:TRNO) has acquired a 2.3-acre industrial property in Rancho Dominguez, California for approximately $13.8 million as of November 30, 2021. The property is strategically located between Los Angeles International Airport and the Ports of Los Angeles and Long Beach, with a short-term lease in place until March 2022. The estimated stabilized cap rate for this acquisition is 4.9%, calculated based on annualized cash basis net operating income at a stabilized occupancy of 95%.