Terreno Realty Corporation Acquires Property in Hyattsville, MD for $23.1 Million

The acquired parcel sits adjacent to Terreno Realty’s existing property at 5380 Tuxedo Road.

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BELLEVUE, Wash.--(BUSINESS WIRE)-- Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Hyattsville, Maryland on November 5, 2026 for a purchase price of approximately $23.1 million.

The property consists of a 6.1-acre improved land parcel improved with a 36,000 square foot building providing 17 grade-level loading positions. The property is at 5000 Tuxedo Road, adjacent to Terreno Realty Corporation’s 5380 Tuxedo Road property and the intersection of U.S. Route 50 and the Baltimore-Washington Parkway less than one mile outside Washington, D.C. The property is 100% leased to one tenant and the estimated stabilized cap rate is 5.4%.

Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company’s website at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261028307715/en/

Jaime Cannon
415-655-4580

Source: Terreno Realty Corporation

Key Terms

stabilized cap rate financial

Stabilized cap rate is the annual income a property is expected to generate after normal operating expenses — assuming typical occupancy and renting levels — expressed as a percentage of its value. It matters to investors because it acts like a yield or interest rate for real estate, letting them compare expected returns and risk across properties or investments much like comparing bond yields or a price-to-earnings ratio for stocks.

net operating income financial

Net operating income is the profit a business makes from its core operations after subtracting the costs directly related to running those operations, but before accounting for taxes, interest, or other expenses. It shows how efficiently a company is generating income from its main activities. Investors use this figure to assess the company's operational performance and profitability.