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 an industrial property located at 190 Morgan Avenue, Brooklyn, New York, for approximately $4.5 million on October 12, 2021. The acquisition includes a distribution building with about 12,000 square feet on a 0.3-acre lot, which is currently vacant. The estimated stabilized cap rate for this property is 4.9%, calculated based on the anticipated net operating income. This acquisition aligns with Terreno's strategy of expanding its industrial real estate portfolio across six major U.S. coastal markets.
Terreno Realty Corporation (NYSE:TRNO) sold an industrial property in East Hanover, New Jersey, on October 12, 2021, for approximately $32.7 million. The property includes three buildings totaling around 167,000 square feet on 11.7 acres, currently 88.2% leased to 32 tenants. Terreno originally purchased the property for about $20.0 million on September 30, 2013, generating an unleveraged internal rate of return of 10.1% on the investment.
Terreno Realty Corporation (NYSE:TRNO) reported strong Q3 2021 results with a 98.0% occupancy rate, up from 97.5% last quarter. The company achieved a 34.9% increase in cash rents on new leases, and total acquisitions reached $167.1 million this quarter, totaling $354.9 million year-to-date. Notable financial activities include issuing $50 million in stock and pricing $125 million in senior unsecured notes at 2.38%. The company plans further acquisitions and redevelopment projects, with a focus on maintaining high occupancy and rental growth.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Woodinville, Washington, for approximately $23.6 million. This facility, covering about 84,000 square feet on 5.1 acres, is fully leased to a single tenant and features 16 dock-high loading positions. The estimated stabilized cap rate is 3.1%. This acquisition enhances Terreno's portfolio, which covers six major U.S. coastal markets, including Los Angeles and Miami.
Terreno Realty Corporation (NYSE:TRNO) has successfully acquired an industrial property in Hawthorne, California for approximately $7.9 million. The facility spans 21,000 square feet on a 1.5-acre lot and is fully leased until May 2024. Located at 13025 Cerise Avenue, the property features 13 dock-high and 2 grade-level loading positions, along with parking for 54 cars. The acquired property has a stabilized cap rate of 2.9%, calculated from anticipated net operating income.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Kearny, New Jersey for approximately $26.3 million as of September 27, 2021. The 5.4-acre site, situated near Exit 15E of the New Jersey Turnpike, is currently 51% leased out to two tenants, with an estimated stabilized cap rate of 3.1%. This acquisition aligns with Terreno's strategy of enhancing its portfolio in major coastal U.S. markets.
Terreno Realty Corporation (NYSE:TRNO) has successfully sold an industrial property in Seattle, Washington for approximately $10.3 million on September 9, 2021. The asset, encompassing 35,000 square feet on 1.1 acres, was 100% leased to three tenants at the time of sale. Initially acquired for about $5.9 million in April 2017, this transaction yielded an unleveraged internal rate of return of 11.0%. Terreno Realty continues to operate in six major U.S. coastal markets.
Terreno Realty Corporation (NYSE:TRNO) has announced the execution of leases totaling 57,000 square feet at its SoDo Row redevelopment property in Seattle. The leases will begin on September 1, 2021 and December 31, 2021, expiring on March 31, 2027, bringing the property to 65% leased. Terreno Realty operates industrial real estate across 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 a 4.9-acre industrial property in location value="LU/us.nj.caradt"Carlstadt, New Jersey for approximately $17.9 million on August 27, 2021. This vacant land is adjacent to the company's existing Michele Place property and has an estimated stabilized cap rate of 4.5%. The acquisition enhances Terreno's portfolio in key U.S. coastal markets, which includes major areas like Los Angeles and Miami.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property located in Hayward, California, for approximately $8.3 million. The property comprises two distribution buildings totaling around 41,000 square feet on a 2-acre site, equipped with 14 loading positions and parking for 64 cars. Currently, it is 92% leased to 10 tenants, with leases expiring by December 2025. The estimated stabilized cap rate for this investment is 4.9%, reflecting its potential profitability.