Terreno Realty Stock Price, News & Analysis

Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Los Angeles, California for approximately $7.7 million. This property features two industrial distribution buildings totaling around 17,000 square feet and is fully leased to two tenants with lease expirations in February 2023 and July 2024. The estimated stabilized cap rate for this acquisition stands at 3.4%. Terreno Realty operates in six major coastal U.S. markets, enhancing its industrial real estate portfolio.

Terreno Realty Corporation (NYSE: TRNO) has priced a public offering of 3,500,000 shares of common stock at $74.50 per share, with a 30-day option for underwriters to buy an additional 525,000 shares. The offering's closing date is set for November 8, 2021. Proceeds will support general corporate needs, including working capital and potential acquisitions. Goldman Sachs & Co. LLC and KeyBanc Capital Markets Inc. are the underwriters. This offering is part of an effective shelf registration statement.

Terreno Realty Corporation (NYSE: TRNO) has announced an offering of 3,500,000 shares of its common stock, with an option for underwriters to purchase an additional 525,000 shares. The net proceeds will be allocated for general corporate purposes, including working capital, debt repayment, and future investments. Goldman Sachs & Co. LLC and KeyBanc Capital Markets Inc. are the underwriters. This offering is registered under an effective shelf registration statement and will be conducted via a prospectus.

Terreno Realty Corporation (NYSE: TRNO) declared a regular cash dividend of $0.34 per common share for Q4 2021, payable on January 5, 2022. Shareholders on record by December 15, 2021 will receive this dividend. The company also filed its quarterly report for Q3 2021 with the U.S. Securities and Exchange Commission. Terreno operates industrial real estate in six key coastal U.S. markets, including Los Angeles and Miami.

Terreno Realty Corporation (NYSE:TRNO) has successfully acquired an industrial property in San Jose, California for approximately $23.0 million as of October 29, 2021. The 7.2-acre land parcel, located at 1300 Berryessa Road, is strategically positioned between U.S. 101 and Interstate 680. The estimated stabilized cap rate is 5.2%.

Terreno Realty operates in six major coastal U.S. markets, focusing on industrial real estate opportunities.

Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Alexandria, Virginia, for approximately $9.0 million on October 29, 2021. The property features a distribution building of about 28,000 square feet on 1.3 acres, located within the Capital Beltway. It offers two dock-high and one grade-level loading positions, alongside parking for 20 vehicles. The estimated stabilized cap rate is 4.5%, calculated based on expected market occupancy and total acquisition costs.

Terreno Realty Corporation (NYSE:TRNO) acquired an industrial property in Elizabeth, New Jersey for approximately $44.0 million on October 20, 2021. This property features a 31,000 square foot transshipment building on 6 acres, with 52 dock-high and 2 grade-level loading positions. It is fully leased to a single tenant on a short-term lease. The projected stabilized cap rate is 4.8%, indicating potential future revenue growth for the company.

Terreno Realty Corporation (NYSE:TRNO) acquired an industrial property in Gardena, California for approximately $8.8 million on October 15, 2021. The 2.0-acre parcel is strategically located between I-110 and I-710, close to Los Angeles International Airport and the Ports of LA and Long Beach. A lease has been executed for the property, commencing October 18, 2021, resulting in an estimated stabilized cap rate of 7.0% by the end of the lease in October 2026.

Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property located at 190 Morgan Avenue, Brooklyn, New York, for approximately $4.5 million on October 12, 2021. The acquisition includes a distribution building with about 12,000 square feet on a 0.3-acre lot, which is currently vacant. The estimated stabilized cap rate for this property is 4.9%, calculated based on the anticipated net operating income. This acquisition aligns with Terreno's strategy of expanding its industrial real estate portfolio across six major U.S. coastal markets.