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 reports recurring developments as an industrial real estate REIT that acquires, owns and operates properties in New York City/Northern New Jersey, Los Angeles, Miami, the San Francisco Bay Area, Seattle and Washington, D.C. Its updates focus on leasing activity, early renewals, occupancy, acquisitions, dispositions, development completions and capital markets activity across warehouse, distribution, transshipment, flex and improved-land assets.
Company announcements also cover quarterly dividends, Form 10-Q financial statements and supplemental operating information. Property-level releases often describe square footage, acreage, loading configuration, tenant use and project status, including industrial distribution buildings at Countyline Corporate Park in Hialeah, Florida.
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Terreno Realty Corporation (NYSE:TRNO) reported its Q1 2023 performance, emphasizing a quarter-end occupancy of 98.1%, slightly down from 98.6% in Q4 2022 but improved from 96.9% year-over-year. The same-store occupancy was 98.5%, compared to 98.7% last quarter and 97.3% last year. The company achieved a 69.3% increase in cash rents on new and renewed leases and a tenant retention ratio of 54.4%. Notably, Terreno closed $382.6 million in acquisitions and held $62.9 million under contract. Additionally, it completed a stock offering for $359.4 million and issued $22.2 million under its ATM program. As of March 31, 2023, the company had zero borrowings under its $400 million credit facility.