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) 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%.
Terreno Realty Corporation (NYSE:TRNO) has acquired a 2.9-acre industrial property in location value="LU/us.md.hyalle"Hyattsville, Maryland for approximately $8.0 million as of November 23, 2021. The property, located near location value="LU/us.dc.wash"Washington, D.C., is fully leased to two tenants, with 89% on short-term leases. The estimated stabilized cap rate stands at 5.6%. This acquisition is part of Terreno's strategy to strengthen its industrial real estate portfolio across six major coastal U.S. markets.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Los Angeles, California for approximately $7.7 million. This property features two industrial distribution buildings totaling around 17,000 square feet and is fully leased to two tenants with lease expirations in February 2023 and July 2024. The estimated stabilized cap rate for this acquisition stands at 3.4%. Terreno Realty operates in six major coastal U.S. markets, enhancing its industrial real estate portfolio.
Terreno Realty Corporation (NYSE: TRNO) has priced a public offering of 3,500,000 shares of common stock at $74.50 per share, with a 30-day option for underwriters to buy an additional 525,000 shares. The offering's closing date is set for November 8, 2021. Proceeds will support general corporate needs, including working capital and potential acquisitions. Goldman Sachs & Co. LLC and KeyBanc Capital Markets Inc. are the underwriters. This offering is part of an effective shelf registration statement.