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 (NYSE:TRNO) has acquired an industrial property in Long Island City Queens, New York for $7.6 million. The property features a 17,000-square-foot industrial distribution building situated on 0.4 acres at 48-29 31st Place. Located adjacent to I-495 and approximately one mile from the Queens Midtown Tunnel, the facility includes one dock-high, one van-level, and one grade-level loading positions, along with parking for seven cars. The property is currently vacant with an estimated stabilized cap rate of 5.7%.
Terreno Realty (NYSE:TRNO) has signed a new lease agreement for an 82,000 square foot industrial property in Avenel, New Jersey with a leading national wholesale tire distributor. The lease will commence on December 31, 2024 and run through January 2030. Terreno operates industrial real estate across six major coastal U.S. markets, including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
Terreno Realty (NYSE:TRNO) has sold an industrial property in Doral, Florida for $20.6 million. The property, which consists of one industrial distribution building spanning 75,000 square feet on 2.8 acres, is fully leased to a single tenant. The company had originally purchased the property in July 2012 for $4.2 million and achieved an unleveraged internal rate of return of 13.4% on the investment.
Terreno Realty (NYSE:TRNO) has completed the development and stabilization of Building 31 in Countyline Corporate Park Phase IV, Hialeah, Florida. The 162,000-square-foot industrial distribution building is 100% leased to one tenant and features a 36-foot clear height, 53 dock-high and two grade-level loading positions, with parking for 140 cars. The total investment is $42.1 million with an estimated stabilized cap rate of 6.0%.
The broader Countyline Phase IV project spans 121 acres and will include ten LEED-certified buildings totaling 2.2 million square feet, with completion expected in 2027. The total investment for Phase IV is projected at $511.5 million.
Terreno Realty (NYSE:TRNO) has completed the redevelopment and stabilization of Terreno 147th Street in Hawthorne, California. The 31,000 square foot industrial distribution building sits on 1.3 acres and features four dock-high and one grade-level loading positions, plus parking for 35 cars including four electric charging stations. The property is 100% leased to an atomic energy company from completion through April 2028. The building, expected to achieve LEED certification, represents a total investment of $15.6 million with an estimated stabilized cap rate of 5.6%.
Terreno Realty has sold two industrial flex buildings in Union City, California for $13.0 million. The property, spanning 37,000 square feet on 3.9 acres and fully leased to 20 tenants, was originally purchased in December 2014 for $5.1 million. The investment generated an unleveraged internal rate of return of 18.8%. The company operates industrial real estate across six major coastal U.S. markets, including Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
Terreno Realty (NYSE:TRNO) has secured an early lease renewal for a 50,000-square-foot property in Jamaica Queens, New York. The tenant, a manufacturer of pre-cooked meals, has extended their lease from the original expiration date of September 2026 to September 2036. The company specializes in acquiring, owning, and operating industrial real estate across six major coastal U.S. markets, including Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
Terreno Realty (NYSE: TRNO) has announced three key updates: First, the company declared a quarterly dividend of $0.49 per common share for Q4 2024, payable on January 7, 2025. Second, the Board approved a new share repurchase program for up to 3,000,000 shares through December 31, 2026. Third, the company filed its Q3 2024 Form 10-Q with the SEC. The industrial real estate company operates in six major coastal U.S. markets, including Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
Terreno Realty (NYSE:TRNO) has started construction of Building 34 at Countyline Corporate Park Phase IV in Hialeah, Florida. The 220,000 square foot industrial distribution building is 70% pre-leased to a cruise ship industry supplier. The project, expected to complete in Q3 2025, requires a $55.9 million investment with an estimated 5.7% cap rate. Building 34 is part of a larger 121-acre development project that will feature 2.2 million square feet of industrial space across ten LEED-certified buildings, with a total investment of approximately $511.5 million expected to complete in 2027.
Terreno Realty (NYSE:TRNO) reported its Q3 2024 operating, investment, and capital markets activity. Key highlights include:
- 97.0% quarter-end occupancy, up from 96.0% in Q2
- 24.1% increase in cash rents on new and renewed leases; 40.5% year-to-date
- $7.6 million in acquisitions; $474.9 million year-to-date
- Issued 2,976,266 shares of common stock for gross proceeds of $204.5 million
- Increased revolving credit facility to $600 million
- Raised dividend by 8.9%
The company completed development of a 178,000 sq ft building in Hialeah, Florida, and executed several significant lease renewals and new leases across its portfolio. Terreno also closed an $800 million senior amended and restated unsecured credit facility and repaid $100 million of senior unsecured notes.