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 acquisition of an industrial property in Hialeah, Florida, for approximately $48.1 million on March 17, 2021. The property features two rear-load industrial buildings totaling 274,000 square feet on a 15.9-acre lot, equipped with 92 dock-high and four grade-level loading positions. It is fully pre-leased to five tenants, with leases commencing between March and July 2021. The estimated stabilized cap rate is 3.7%, demonstrating strong potential for cash flow and occupancy stability.
Terreno Realty Corporation (NYSE:TRNO) announced the acquisition of an industrial property in Kirkland, Washington on February 25, 2021, for approximately $33.8 million. The property spans 127,000 square feet on 7.2 acres, featuring 20 dock-high and seven grade-level loading positions along with parking for 252 cars. Currently, it is fully leased to five tenants, with leases expiring by December 2026, and an estimated stabilized cap rate of 2.9%. This acquisition expands Terreno's industrial real estate portfolio in key coastal U.S. markets.
Terreno Realty Corporation (NYSE:TRNO) has signed a lease for 94,000 square feet in Union City, California, with a biopharmaceutical company, effective May 1, 2021, and expiring July 31, 2031. The leased space is currently occupied by a logistics provider until March 31, 2021. Terreno operates industrial real estate in six major U.S. coastal markets, including Los Angeles and Miami. The press release also contains forward-looking statements which highlight potential risks related to market conditions and the impact of COVID-19 on operations.
Terreno Realty Corporation (NYSE: TRNO) announced a quarterly cash dividend of $0.29 per common share for the period ending March 31, 2021. This dividend will be payable on April 9, 2021 to stockholders recorded by the close of business on March 26, 2021. The company has also filed its annual report on Form 10-K for the year ended December 31, 2020, detailing its operations across six major coastal U.S. markets including Los Angeles and Miami.
Terreno Realty Corporation (NYSE:TRNO) has announced the income tax treatment of its 2020 distributions to common stockholders. The total dividend for 2020 is $1.03 per share, which includes three quarterly distributions from 2020 and a part from a 2019 distribution. Key details include:
- Record Dates: Various dates in 2019 and 2020.
- Payment Dates: Ranging from January 14 to October 16, 2020.
- Taxable Dividends: Breakdown includes ordinary, capital gains, and return of capital dividends.
Terreno Realty Corporation (NYSE:TRNO) has acquired a vacant industrial property in Carlstadt, New Jersey, on January 19, 2021, for approximately $10.6 million. The property spans 16,000 square feet on 4.3 acres, featuring 33 dock-high loading positions and parking for 38 vehicles. This acquisition contributes to Terreno's portfolio across six key U.S. coastal markets. The estimated stabilized cap rate for the property is 5.2%, calculated on annualized cash basis net operating income stabilized to market occupancy.
Terreno Realty Corporation (NYSE:TRNO) reported its fourth quarter 2020 operating and investment activities. As of December 31, 2020, the company owned 222 buildings totaling 13.2 million square feet, with an operating portfolio 97.8% leased. In Q4 2020, Terreno acquired six industrial properties for $50.5 million. The company’s full-year acquisitions reached 11 properties for $96.7 million. In capital markets, Terreno issued 1,197,597 shares, raising $64.8 million. The company maintained a strong cash position of approximately $83 million with no debt maturities in 2021.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Irvine, California for approximately $8.0 million on December 30, 2020. The property spans 11,000 square feet across 2.1 acres and is fully leased to a single tenant. It features 14 dock-high and two grade-level loading positions, along with parking for 151 cars. The estimated stabilized cap rate is 4.0%. Terreno operates in six major coastal U.S. markets including Los Angeles and Miami.
Terreno Realty Corporation (NYSE:TRNO) announced the acquisition of an industrial property in Tukwila, Washington, on December 30, 2020, for approximately $6.6 million. The 2.1-acre site is fully leased and strategically located near major highways, with an estimated stabilized cap rate of 4.6%. Terreno operates in six key coastal U.S. markets, enhancing its portfolio in the industrial real estate sector. This move underscores the company's continued focus on strategic acquisitions to bolster its operational footprint and revenue potential.
Terreno Realty Corporation (NYSE:TRNO) has successfully renewed a lease in South Brunswick, New Jersey, covering approximately 221,000 square feet. This lease, initially set to expire on November 30, 2021, will now extend until November 30, 2028, with a transportation and logistics services provider. Terreno Realty specializes in acquiring, owning, and operating industrial real estate across six major coastal U.S. markets including Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.