FMR LLC Reports 10.7% Stake in Terreno Realty (TRNO)

FMR LLC and Abigail P. Johnson report beneficial ownership of 11,084,356 shares of Terreno Realty Corporation, representing 10.7% of the outstanding common stock.

Rhea-AI Filing Summary

FMR LLC and Abigail P. Johnson report beneficial ownership of 11,084,356 shares of Terreno Realty Corporation, representing 10.7% of the outstanding common stock. The filing shows FMR LLC holds sole voting power over 9,515,247 shares and sole dispositive power over 11,084,356 shares, while Abigail P. Johnson is reported with sole dispositive power for the same aggregate amount. The statement indicates the holdings are in the ordinary course of business and not intended to influence control of the issuer.

The filing includes references to an Exhibit 99 agreement and powers of attorney incorporated by reference for signature authority.

Positive

• Significant institutional ownership: FMR LLC and Abigail P. Johnson report an aggregate 10.7% stake (11,084,356 shares), indicating meaningful investor interest.
• Clear voting and dispositive authority: The filing discloses sole voting power over 9,515,247 shares and sole dispositive power over 11,084,356 shares, clarifying control of the position.

Negative

• None.

Insights

Financial Analyst

TL;DR: FMR LLC's 10.7% stake is material and signals a significant passive institutional holding without an expressed control intent.

FMR LLC's reported 11.08 million shares (10.7% of the class) constitute a sizeable institutional position that could influence market liquidity and shareholder composition. The split between sole voting power (9.52 million) and sole dispositive power (11.08 million) implies direct control over trading decisions. The filer certifies the stake is held in the ordinary course of business and not for control, which limits immediate governance implications, though the position is large enough to matter for votes or block trades.

Corporate Governance Expert

TL;DR: A single institutional holder owning 10.7% is material for governance monitoring but the filing disclaims control intent.

From a governance perspective, ownership above 5% warrants attention from the board and other investors. The filing's certification that holdings are not intended to change control reduces short-term takeover concerns, yet the holder's voting power (over 9.5 million shares) gives it potential influence on corporate actions if it chooses to engage. The reference to an agreement in Exhibit 99 and powers of attorney suggests formalized internal arrangements for exercise of authority.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Terreno Realty (TRNO) shares does FMR LLC report owning?

The filing reports 11,084,356.30 shares, representing 10.7% of the outstanding common stock.

What voting power does FMR LLC hold in TRNO?

FMR LLC is reported to have sole voting power over 9,515,247 shares and shared voting power of 0.

Does Abigail P. Johnson have any dispositive power over TRNO shares?

Yes; the filing reports Abigail P. Johnson with sole dispositive power over 11,084,356.30 shares.

Does the filing state the holdings are intended to change control of Terreno Realty?

No; the filing certifies the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Are there any agreements or authorizations referenced in the filing?

Yes; the filing references an Exhibit 99 agreement and powers of attorney incorporated by reference for signature authority.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/08/2025 - 11:46 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

TERRENO RLTY CORP

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

88146M101

(CUSIP Number)

08/29/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 88146M101

1

Names of Reporting Persons

FMR LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,515,247.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,084,356.30
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,084,356.30

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.7 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 88146M101

1

Names of Reporting Persons

Abigail P. Johnson

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,084,356.30
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,084,356.30

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TERRENO RLTY CORP
(b)	Address of issuer's principal executive offices: 101 MONTGOMERY STREET, SUITE 200,SAN FRANCISCO,CA,USA,94104
Item 2.
(a)	Name of person filing: FMR LLC
(b)	Address or principal business office or, if none, residence: 245 Summer Street, Boston, Massachusetts 02210
(c)	Citizenship: Not applicable
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 88146M101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 11084356.30
(b)	Percent of class: 10.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page.
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 11084356.30
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of TERRENO RLTY CORP. No one other person's interest in the COMMON STOCK of TERRENO RLTY CORP is more than five percent of the total outstanding COMMON STOCK.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See attached Exhibit 99.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FMR LLC

Signature:	Stephanie J. Brown
Name/Title:	Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries*
Date:	09/05/2025

Abigail P. Johnson

Signature:	Stephanie J. Brown
Name/Title:	Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson**
Date:	09/05/2025

Comments accompanying signature: * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Exhibit Information

Please see Exhibit 99 for 13d-1(k) (1) agreement.