Terreno Realty Corporation - TRNO STOCK NEWS

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.

Terreno Realty (NYSE:TRNO), a company specializing in industrial real estate across six major coastal U.S. markets, has announced a significant lease agreement in Elizabeth, New Jersey. The lease, covering 75,000 square feet of space, has been signed with a third-party logistics provider. This new lease commenced on September 30, 2024 and is set to expire in January 2028.

Terreno Realty 's portfolio spans key markets including Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. The company focuses on acquiring, owning, and operating industrial properties in these strategic locations.

Terreno Realty (NYSE:TRNO) has announced the completion and stabilization of Countyline Corporate Park Phase IV Building 39 in Hialeah, Florida, effective September 30, 2024. The 178,000 square foot industrial distribution building is 100% leased to one tenant. Located on 10.9 acres, it features a 36-foot clear height, 58 dock-high and two grade-level loading positions, and parking for 156 cars.

The building is expected to achieve LEED certification, with a total expected investment of $43.8 million and an estimated stabilized cap rate of 5.8%. It is part of the larger Countyline Corporate Park Phase IV project, which spans 121 acres and is entitled for 2.2 million square feet of industrial distribution buildings. The entire Phase IV development is expected to be completed in 2027, comprising ten LEED-certified buildings with a total expected investment of approximately $511.5 million.