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 (TRNO) delivers essential updates for stakeholders tracking this industrial REIT's strategic moves in key coastal markets. This centralized resource aggregates official announcements, financial disclosures, and operational developments impacting one of the sector's most geographically focused real estate investors.
Investors and analysts will find timely updates on portfolio acquisitions, leasing activity, and market expansion strategies across TRNO's six target regions. The curated news flow covers earnings releases, dividend declarations, and property transactions while maintaining strict compliance with financial disclosure standards.
Our news monitoring emphasizes TRNO's core operational pillars: industrial property investments, logistics facility management, and strategic asset repositioning. Users can track the REIT's progress in high-barrier coastal markets through verified updates on capital recycling initiatives and occupancy rate trends.
Bookmark this page for direct access to Terreno Realty Corporation's latest regulatory filings, investor presentations, and market positioning updates. Check regularly for insights into how TRNO navigates industrial real estate dynamics through its disciplined acquisition approach and portfolio optimization strategies.
Terreno Realty Corporation (NYSE: TRNO) declared a quarterly cash dividend of $0.34 per common share for Q3 2021, marking a 17.2% increase from the previous dividend. The dividend will be payable on October 15, 2021 to stockholders of record by October 1, 2021. The company is engaged in the acquisition and management of industrial real estate across six major coastal U.S. markets, including Los Angeles and Seattle. For further details, the quarterly report is available on their website.
Terreno Realty Corporation (NYSE:TRNO) acquired an industrial property in Orange, California, on July 30, 2021, for approximately $9.3 million. The property includes two industrial distribution buildings totaling about 34,000 square feet on 2.5 acres, providing nine grade-level loading positions and parking for 77 cars. It is fully leased to a single tenant, with an estimated stabilized cap rate of 3.6%. The acquisition aligns with Terreno's strategy of enhancing its portfolio across major U.S. coastal markets.
Terreno Realty Corporation (NYSE:TRNO) acquired a 22,000 square foot industrial property in Hawthorne, California for approximately $8.1 million on July 14, 2021. The property, located on 1.6 acres at 13020 and 13030 Cerise Avenue, is fully leased to two tenants, both with leases expiring by October 2025. The estimated stabilized cap rate for this acquisition is 5.4%, calculated based on annualized cash basis net operating income at market occupancy. Terreno operates industrial real estate in six major coastal U.S. markets.
Terreno Realty Corporation (NYSE:TRNO) has successfully acquired a 221,000 square foot industrial property in Hialeah, Florida, for approximately $39.4 million, net of free-rent credits, as of July 14, 2021. The site, located at 4151 West 108th Street, boasts 65 dock-high and two grade-level loading positions, with parking for 188 cars. Fully pre-leased to three tenants, leases are expected to begin between July 16 and September 30, 2021, with an estimated stabilized cap rate of 3.7%. This acquisition enhances Terreno’s presence in key coastal U.S. markets.
Terreno Realty Corporation (NYSE:TRNO) reported significant operational and financial updates for Q2 2021. The firm owned 234 buildings and 27 land parcels, achieving a 97.5% lease rate with a 21.1% increase in cash rents. In Q2, it acquired six properties for $54.2 million, boosting its portfolio by approximately 136,000 square feet. Year-to-date, total acquisitions reached $164.2 million. Additionally, the company raised $69.6 million through shares and announced a $150 million private placement of senior unsecured notes to fund sustainable projects.
Terreno Realty Corporation (NYSE:TRNO) has secured a lease for a 40,000 square foot industrial building on 4.5 acres in Gardena, California. The lease will start immediately after the current one ends on June 30, 2021, and will continue until July 31, 2026. This move aligns with Terreno's strategy of operating in key coastal U.S. markets including Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.
Terreno Realty Corporation (NYSE:TRNO) has leased a 1.9-acre improved land parcel in Inglewood, California, to a commercial electric vehicle service provider. The lease, set to start after site improvements in Q3 2021, will last for 12 years. Terreno Realty focuses on acquiring, owning, and operating industrial real estate across six key coastal U.S. markets, including Los Angeles and Miami.
Terreno Realty Corporation (NYSE:TRNO) has acquired a 3.4-acre industrial property in Renton, Washington for approximately $7.6 million on June 14, 2021. This property, located at 500 SW 16th Street, is fully leased to a single tenant and boasts an estimated stabilized cap rate of 1.5%. Terreno Realty specializes in industrial real estate across six major coastal U.S. markets, including Los Angeles and Seattle.
Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Seattle for approximately $16.5 million. This acquisition, completed on May 12, 2021, includes one industrial distribution building and two flex buildings, totaling 52,000 square feet. The property, situated at 2454 Occidental Avenue South, is 92% leased to five tenants, with leases expiring by June 2023. The estimated stabilized cap rate is 4.6%.
The company operates in six major coastal U.S. markets, enhancing its industrial real estate portfolio.
Terreno Realty Corporation (TRNO) announced a private placement of $150 million in senior unsecured notes, comprising $100 million in seven-year Green Bonds with a 2.41% interest rate and $50 million in ten-year notes at 2.84%. The notes are set to close around July 15, 2021. Proceeds from the Green Bonds will be allocated to developing green buildings and sustainable projects. PNC Capital Markets LLC acted as the joint-lead placement agent. The notes are exempt from registration under the Securities Act.
