Terreno Realty - TRNO STOCK NEWS

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.

Terreno Realty Corporation (NYSE:TRNO) has acquired a vacant industrial property in Rancho Dominguez, California, for approximately $9.8 million on December 2, 2020. The 2.5-acre land parcel is located strategically between Los Angeles International Airport and the Ports of Los Angeles and Long Beach, with an estimated stabilized cap rate of 5.7%. This acquisition enhances Terreno's portfolio in six major coastal U.S. markets, underscoring its commitment to industrial real estate.

Terreno Realty Corporation (NYSE:TRNO) has successfully acquired an industrial property in Bellevue, Washington, for approximately $11.7 million on November 6, 2020. The property features a 39,000 square foot industrial flex building on 2.1 acres, currently 100% leased to one tenant. Located adjacent to major highways, it provides significant operational advantages, including a 4.9% stabilized cap rate based on the estimated annualized net operating income. This acquisition furthers Terreno's expansion in key coastal U.S. markets.

Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Los Angeles for approximately $4.4 million as of November 5, 2020. The 13,000 square foot building is 100% leased to a single tenant and features seven dock-high loading positions along with parking for 64 vehicles. This property, located at 2425 Porter Street, is strategically positioned near Interstate 10, with an estimated stabilized cap rate of 4.5%. Terreno operates in six major coastal U.S. markets, focusing on industrial real estate.

Terreno Realty Corporation (NYSE: TRNO) has declared a quarterly cash dividend of $0.29 per common share for the period ending December 31, 2020. This dividend is payable on January 5, 2021 to stockholders of record by December 15, 2020. The company operates in six significant coastal U.S. markets, including Los Angeles, Northern New Jersey/New York City, and San Francisco Bay Area. Additionally, Terreno Realty Corporation filed its quarterly Form 10-Q with the SEC for the quarter ending September 30, 2020, detailing financial performance.

Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Inglewood, CA for $10.0 million, finalized on October 26, 2020. The 1.9-acre land parcel, located at 8831 Aviation Boulevard, is adjacent to Los Angeles International Airport and will be vacant due to a tenant termination agreement. The estimated stabilized cap rate for this acquisition is 5.7%, calculated based on stabilized market occupancy and associated acquisition costs. Terreno Realty operates in six major coastal U.S. markets.

Terreno Realty Corporation (NYSE: TRNO) reported its third-quarter 2020 results, highlighting a strong operational performance. As of September 30, 2020, the company owned 219 buildings totaling 13.1 million square feet, achieving a leasing rate of 97.3%, up from 96.0% in Q2 2020. The same-store portfolio was 98.5% leased. The company acquired a 22,000-square-foot property for $6.3 million and sold a 192,000-square-foot property for $22.2 million, generating a 7.4% internal rate of return. The company also has $32.4 million in acquisitions under contract and a robust cash balance of $156 million.