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 announced an offering of 3,500,000 shares of its common stock, with an option for underwriters to purchase an additional 525,000 shares. The net proceeds will be allocated for general corporate purposes, including working capital, debt repayment, and future investments. Goldman Sachs & Co. LLC and KeyBanc Capital Markets Inc. are the underwriters. This offering is registered under an effective shelf registration statement and will be conducted via a prospectus.
Terreno Realty Corporation (NYSE: TRNO) declared a regular cash dividend of $0.34 per common share for Q4 2021, payable on January 5, 2022. Shareholders on record by December 15, 2021 will receive this dividend. The company also filed its quarterly report for Q3 2021 with the org value="ACORN:0964256832"U.S. Securities and Exchange Commission. Terreno operates industrial real estate in six key coastal U.S. markets, including Los Angeles and Miami.
Terreno Realty Corporation (NYSE:TRNO) has successfully acquired an industrial property in San Jose, California for approximately $23.0 million as of October 29, 2021. The 7.2-acre land parcel, located at 1300 Berryessa Road, is strategically positioned between U.S. 101 and Interstate 680. The estimated stabilized cap rate is 5.2%.
Terreno Realty operates in six major coastal U.S. markets, focusing on industrial real estate opportunities.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Alexandria, Virginia, for approximately $9.0 million on October 29, 2021. The property features a distribution building of about 28,000 square feet on 1.3 acres, located within the Capital Beltway. It offers two dock-high and one grade-level loading positions, alongside parking for 20 vehicles. The estimated stabilized cap rate is 4.5%, calculated based on expected market occupancy and total acquisition costs.
Terreno Realty Corporation (NYSE:TRNO) acquired an industrial property in Elizabeth, New Jersey for approximately $44.0 million on October 20, 2021. This property features a 31,000 square foot transshipment building on 6 acres, with 52 dock-high and 2 grade-level loading positions. It is fully leased to a single tenant on a short-term lease. The projected stabilized cap rate is 4.8%, indicating potential future revenue growth for the company.
Terreno Realty Corporation (NYSE:TRNO) acquired an industrial property in Gardena, California for approximately $8.8 million on October 15, 2021. The 2.0-acre parcel is strategically located between I-110 and I-710, close to Los Angeles International Airport and the Ports of LA and Long Beach. A lease has been executed for the property, commencing October 18, 2021, resulting in an estimated stabilized cap rate of 7.0% by the end of the lease in October 2026.
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.