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 (TRNO) announced a private placement of $150 million in senior unsecured notes, comprising $100 million in seven-year Green Bonds with a 2.41% interest rate and $50 million in ten-year notes at 2.84%. The notes are set to close around July 15, 2021. Proceeds from the Green Bonds will be allocated to developing green buildings and sustainable projects. PNC Capital Markets LLC acted as the joint-lead placement agent. The notes are exempt from registration under the Securities Act.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Torrance, California, for approximately $6.3 million as of May 12, 2021. The property features a 17,000 square foot distribution building on 0.9 acres, currently 100% leased on a short-term basis. It offers one dock-high and four grade-level loading positions, with parking for 34 cars. The estimated stabilized cap rate for this acquisition is 4.7%. This strategic move enhances Terreno's portfolio in key coastal U.S. markets.
Terreno Realty Corporation (NYSE: TRNO) has declared a regular cash dividend of $0.29 per common share for the quarter ending June 30, 2021. The dividend will be payable on July 14, 2021 to stockholders of record as of June 30, 2021. Additionally, the company has filed its quarterly report on Form 10-Q for March 31, 2021, with relevant financial statements accessible through its website. Terreno operates in six major coastal U.S. markets, focusing on industrial real estate, including areas like Los Angeles and Miami.
Terreno Realty Corporation (NYSE:TRNO) has successfully acquired an industrial property located in San Jose, California, for approximately $8.0 million on April 21, 2021. The 2.2-acre site at 560 East Gish Road is fully leased and offers a projected stabilized cap rate of 4.8%. This acquisition significantly enhances Terreno's portfolio, which spans six major coastal U.S. markets including Los Angeles and Miami. The strategic location, adjacent to key transport routes and the San Jose International Airport, is expected to contribute positively to future earnings.
Terreno Realty Corporation (NYSE:TRNO) has announced the acquisition of a Kent, Washington industrial property for approximately $10.0 million on April 13, 2021. The property consists of a 40,000 square foot distribution building and a 27,000 square foot flex building across 4.4 acres. Fully leased to three tenants, it features 8 dock-high and 5 grade-level loading positions. The estimated stabilized cap rate is set at 5.5%, highlighting a robust addition to Terreno's portfolio of industrial real estate in key U.S. coastal markets.
Terreno Realty Corporation (NYSE:TRNO) reported its Q1 2021 operational and financial activities. As of March 31, the company owned 228 buildings totaling 13.7 million square feet and 25 land parcels. The operating portfolio was 96.1% leased, down from 97.8% in Q4 2020. The company acquired four properties for approximately $110.1 million. Following the quarter, TRNO secured a 5.8-acre land parcel for redevelopment. Additionally, it raised $41.1 million through an equity offering, ending Q1 with $29 million in cash and no debt maturities for 2021.
Terreno Realty Corporation (NYSE: TRNO) has acquired a 5.8-acre industrial property in Miami, Florida, for approximately $5.8 million. Located near major transport hubs, the vacant site will be redeveloped into two LEED-certified industrial distribution buildings totaling around 129,000 square feet. The redevelopment is expected to cost about $20 million and achieve a stabilized cap rate of 5.1%, with anticipated stabilization in Q4 2022. This acquisition reinforces Terreno's strategy in major coastal U.S. markets.
Terreno Realty Corporation (NYSE:TRNO) announced the acquisition of an industrial property in San Leandro, California, for approximately $17.6 million on March 31, 2021. This property includes three industrial distribution buildings totaling about 112,000 square feet on 7.8 acres, with 25 dock-high and 17 grade-level loading positions. It is fully leased to 13 tenants, with leases expiring by June 2023, and has an estimated stabilized cap rate of 5.6%. This acquisition strengthens Terreno's portfolio in major U.S. coastal 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.