Terreno Realty Corporation - TRNO STOCK NEWS

Terreno Realty (NYSE:TRNO) has started construction of Building 34 at Countyline Corporate Park Phase IV in Hialeah, Florida. The 220,000 square foot industrial distribution building is 70% pre-leased to a cruise ship industry supplier. The project, expected to complete in Q3 2025, requires a $55.9 million investment with an estimated 5.7% cap rate. Building 34 is part of a larger 121-acre development project that will feature 2.2 million square feet of industrial space across ten LEED-certified buildings, with a total investment of approximately $511.5 million expected to complete in 2027.

Terreno Realty (NYSE:TRNO) reported its Q3 2024 operating, investment, and capital markets activity. Key highlights include:

• 97.0% quarter-end occupancy, up from 96.0% in Q2
• 24.1% increase in cash rents on new and renewed leases; 40.5% year-to-date
• $7.6 million in acquisitions; $474.9 million year-to-date
• Issued 2,976,266 shares of common stock for gross proceeds of $204.5 million
• Increased revolving credit facility to $600 million
• Raised dividend by 8.9%

The company completed development of a 178,000 sq ft building in Hialeah, Florida, and executed several significant lease renewals and new leases across its portfolio. Terreno also closed an $800 million senior amended and restated unsecured credit facility and repaid $100 million of senior unsecured notes.

Terreno Realty (NYSE:TRNO), a company specializing in industrial real estate across six major coastal U.S. markets, has announced a significant lease agreement in Elizabeth, New Jersey. The lease, covering 75,000 square feet of space, has been signed with a third-party logistics provider. This new lease commenced on September 30, 2024 and is set to expire in January 2028.

Terreno Realty 's portfolio spans key markets including Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. The company focuses on acquiring, owning, and operating industrial properties in these strategic locations.

Terreno Realty (NYSE:TRNO) has announced the completion and stabilization of Countyline Corporate Park Phase IV Building 39 in Hialeah, Florida, effective September 30, 2024. The 178,000 square foot industrial distribution building is 100% leased to one tenant. Located on 10.9 acres, it features a 36-foot clear height, 58 dock-high and two grade-level loading positions, and parking for 156 cars.

The building is expected to achieve LEED certification, with a total expected investment of $43.8 million and an estimated stabilized cap rate of 5.8%. It is part of the larger Countyline Corporate Park Phase IV project, which spans 121 acres and is entitled for 2.2 million square feet of industrial distribution buildings. The entire Phase IV development is expected to be completed in 2027, comprising ten LEED-certified buildings with a total expected investment of approximately $511.5 million.

Terreno Realty (NYSE: TRNO), an industrial real estate company operating in six major coastal U.S. markets, has closed an $800 million senior amended and restated unsecured credit facility. This new facility replaces their existing $600 million facility and includes a $200 million increase in borrowing capacity under the revolving credit facility, now totaling $600 million. The maturity of the revolving credit facility has been extended to January 2029.

As of September 24, 2024, there were no borrowings outstanding under Terreno's revolving credit facility. The transaction involved multiple financial institutions as joint lead arrangers, with KeyBank National Association serving as the administrative agent. Terreno Realty focuses on acquiring, owning, and operating industrial real estate in Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.

Terreno Realty (NYSE:TRNO), a major industrial real estate operator in six coastal U.S. markets, has announced early lease renewals for three buildings in Sunnyvale, California. The renewals, totaling 172,000 square feet, are with a leading provider of molecular diagnostic testing. The leases, originally set to expire in March 2025, have been extended to March 2030.

This development demonstrates Terreno's ability to secure long-term tenants and maintain stable occupancy in its portfolio. The company specializes in acquiring, owning, and operating industrial real estate in key markets including Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.

Terreno Realty (NYSE:TRNO), a major player in coastal U.S. industrial real estate, has secured a significant lease agreement in San Leandro, California. The deal involves 69,000 square feet of space leased to an ocean freight provider. This long-term lease is set to begin on September 30, 2024, and run until January 2030, spanning over five years.

Terreno specializes in acquiring, owning, and operating industrial properties across six key coastal markets in the United States, including Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. This latest lease agreement reinforces Terreno's strong position in the competitive industrial real estate sector.

Terreno Realty (NYSE:TRNO), an industrial real estate company, has announced an early lease renewal in Torrance, California. The renewal involves a global supplier of automotive parts, components, and technologies for a 99,000 square foot property. The lease, originally set to expire in January 2025, has been extended to January 2030.

Terreno Realty specializes in acquiring, owning, and operating industrial real estate in six major coastal U.S. markets: Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.

Terreno Realty (NYSE: TRNO), an industrial real estate company operating in six major coastal U.S. markets, has announced an 8.9% increase in its quarterly dividend. The new dividend of $0.49 per common share will be payable on October 11, 2024, to stockholders of record as of September 30, 2024.

Additionally, Terreno has filed its quarterly report on Form 10-Q for the second quarter of 2024 with the SEC. The company's financial statements and supplemental information are now available on their website. Terreno focuses on acquiring, owning, and operating industrial properties in key markets including Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.