Terreno Realty Stock Price, News & Analysis

Terreno Realty Corporation (NYSE:TRNO) has acquired a new industrial property in Hialeah, Florida for approximately $73.2 million, net of free-rent credits. This property features two rear-load industrial distribution buildings totaling 407,000 square feet and is fully leased to two tenants. The estimated stabilized cap rate for this acquisition is 3.8%.

The property is strategically located near key transportation routes, enhancing its operational efficiency.

Terreno Realty Corporation (NYSE: TRNO) declared a regular cash dividend of $0.34 per common share for the quarter ending March 31, 2022. The dividend is payable on April 8, 2022 to stockholders of record as of the close of business on March 25, 2022. The company also filed its annual report on Form 10-K for the year ending December 31, 2021, providing detailed financial statements and supplemental information available on its website.

Terreno Realty Corporation (NYSE:TRNO) announced the lease renewal of 231,000 square feet in Gardena, California, with an omnichannel home goods retailer. The lease will be effective from September 1, 2022, to August 31, 2025. Terreno specializes in acquiring, owning, and operating industrial real estate in major coastal U.S. markets including Los Angeles, New York City, and Miami. The company is focused on expanding its footprint in industrial real estate, highlighting the ongoing demand in the sector despite broader economic uncertainties.

Terreno Realty Corporation (NYSE:TRNO) has announced the income tax treatment of its 2021 dividend distributions, totaling $1.28 per share. This includes one distribution from 2020, three from 2021, and part of one for 2022. Key dates include a record date of December 15, 2020, with payments distributed between January 5 and July 14, 2021. Only approximately $0.02 of the November 2, 2021 distribution will count as income for 2021 tax purposes. Investors can find more details on the company's website.

Terreno Realty Corporation (NYSE:TRNO) has announced a lease renewal for 46,000 square feet in Brooklyn, New York with a content production studio. This lease will commence on November 1, 2022, and will expire on October 31, 2027. Terreno Realty specializes in acquiring, owning, and operating industrial real estate in six major coastal U.S. markets, including locations such as Los Angeles, New York City, and Miami.

Terreno Realty Corporation (NYSE:TRNO) reported a 95.5% quarter-end occupancy and a 34.4% increase in cash rents on new and renewed leases in Q4 2021. The company acquired $326.1 million in properties and sold one for $32.7 million. Total 2021 acquisitions reached $657.3 million. They closed an offering of $299.9 million in common stock, intending to use proceeds for general corporate purposes. As of December 31, 2021, TRNO owned 253 buildings and had four properties under redevelopment.

Terreno Realty Corporation (NYSE:TRNO) announced the acquisition of a 0.8-acre industrial property in Redmond, Washington, for approximately $3.5 million on December 27, 2021. The property is fully leased to a single tenant on a short-term basis, with an estimated stabilized cap rate of 4.9%. This acquisition aligns with Terreno's strategy of operating industrial real estate across key U.S. coastal markets. The calculated cap rate reflects the property's net operating income against total acquisition costs, which encompass various financial factors necessary for stabilization.

Terreno Realty Corporation has acquired an industrial property in Woodinville, Washington for approximately $33.5 million on December 23, 2021. The site consists of two buildings spanning 118,000 square feet on 9.6 acres, featuring 27 dock-high and eight grade-level loading positions. The property is fully leased to four tenants, with an estimated stabilized cap rate of 3.7%. This acquisition strengthens Terreno's portfolio in six major U.S. coastal markets.

Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Hialeah, Florida for approximately $74.1 million. The acquisition, completed on December 15, 2021, involves two rear-load industrial buildings covering about 402,000 square feet on 19 acres. This property, located on West 108th Street, is fully leased to seven tenants, with expected leases commencing by June 30, 2022. The estimated stabilized cap rate is 3.8%, indicating potential for steady income generation.