Terreno Realty Corporation - TRNO STOCK NEWS

Terreno Realty Corporation (NYSE:TRNO) has signed a lease for 94,000 square feet in Union City, California, with a biopharmaceutical company, effective May 1, 2021, and expiring July 31, 2031. The leased space is currently occupied by a logistics provider until March 31, 2021. Terreno operates industrial real estate in six major U.S. coastal markets, including Los Angeles and Miami. The press release also contains forward-looking statements which highlight potential risks related to market conditions and the impact of COVID-19 on operations.

Terreno Realty Corporation (NYSE: TRNO) announced a quarterly cash dividend of $0.29 per common share for the period ending March 31, 2021. This dividend will be payable on April 9, 2021 to stockholders recorded by the close of business on March 26, 2021. The company has also filed its annual report on Form 10-K for the year ended December 31, 2020, detailing its operations across six major coastal U.S. markets including Los Angeles and Miami.

Terreno Realty Corporation (NYSE:TRNO) has announced the income tax treatment of its 2020 distributions to common stockholders. The total dividend for 2020 is $1.03 per share, which includes three quarterly distributions from 2020 and a part from a 2019 distribution. Key details include:

• Record Dates: Various dates in 2019 and 2020.
• Payment Dates: Ranging from January 14 to October 16, 2020.
• Taxable Dividends: Breakdown includes ordinary, capital gains, and return of capital dividends.

Terreno Realty Corporation (NYSE:TRNO) has acquired a vacant industrial property in Carlstadt, New Jersey, on January 19, 2021, for approximately $10.6 million. The property spans 16,000 square feet on 4.3 acres, featuring 33 dock-high loading positions and parking for 38 vehicles. This acquisition contributes to Terreno's portfolio across six key U.S. coastal markets. The estimated stabilized cap rate for the property is 5.2%, calculated on annualized cash basis net operating income stabilized to market occupancy.

Terreno Realty Corporation (NYSE:TRNO) reported its fourth quarter 2020 operating and investment activities. As of December 31, 2020, the company owned 222 buildings totaling 13.2 million square feet, with an operating portfolio 97.8% leased. In Q4 2020, Terreno acquired six industrial properties for $50.5 million. The company’s full-year acquisitions reached 11 properties for $96.7 million. In capital markets, Terreno issued 1,197,597 shares, raising $64.8 million. The company maintained a strong cash position of approximately $83 million with no debt maturities in 2021.

Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Irvine, California for approximately $8.0 million on December 30, 2020. The property spans 11,000 square feet across 2.1 acres and is fully leased to a single tenant. It features 14 dock-high and two grade-level loading positions, along with parking for 151 cars. The estimated stabilized cap rate is 4.0%. Terreno operates in six major coastal U.S. markets including Los Angeles and Miami.

Terreno Realty Corporation (NYSE:TRNO) announced the acquisition of an industrial property in Tukwila, Washington, on December 30, 2020, for approximately $6.6 million. The 2.1-acre site is fully leased and strategically located near major highways, with an estimated stabilized cap rate of 4.6%. Terreno operates in six key coastal U.S. markets, enhancing its portfolio in the industrial real estate sector. This move underscores the company's continued focus on strategic acquisitions to bolster its operational footprint and revenue potential.

Terreno Realty Corporation (NYSE:TRNO) has successfully renewed a lease in South Brunswick, New Jersey, covering approximately 221,000 square feet. This lease, initially set to expire on November 30, 2021, will now extend until November 30, 2028, with a transportation and logistics services provider. Terreno Realty specializes in acquiring, owning, and operating industrial real estate across six major 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 announced the renewal of three significant leases totaling 306,000 square feet across California. The first renewal in Commerce involves 203,000 square feet with a logistics provider, expiring June 30, 2026. The second renewal in Redondo Beach covers 103,000 square feet with an aerospace manufacturer, set to last until December 31, 2025. Additionally, a new lease of 2.5 acres for a trucking services provider in Rancho Dominguez will begin on December 31, 2020, and run until February 28, 2026. This strategic renewal underscores Terreno's commitment to its industrial real estate portfolio.