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Terreno Realty Corporation - TRNO STOCK NEWS

Welcome to our dedicated page for Terreno Realty Corporation news (Ticker: TRNO), a resource for investors and traders seeking the latest updates and insights on Terreno Realty Corporation stock.

Terreno Realty Corporation (TRNO) is a renowned real estate investment trust (REIT) that focuses on acquiring, owning, and operating industrial real estate in six prominent coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. The company aims to leverage its strategic locations to cater to high-demand areas, ensuring robust financial health and steady growth.

As of September 30, 2020, Terreno Realty owned a diversified portfolio comprising 219 buildings totaling approximately 13.1 million square feet. Furthermore, the company holds 22 improved land parcels covering around 85 acres and one property under redevelopment expected to provide an additional 0.2 million square feet upon completion. This extensive and varied portfolio enables Terreno to address the diverse needs of its clients effectively.

The company operates as an internally managed Maryland corporation and has elected to be taxed as a REIT under sections 856 through 860 of the Internal Revenue Code since its taxable year ended December 31, 2010. Terreno Realty’s business model focuses on industrial real estate, including warehouse/distribution centers, flex (light industrial and research and development spaces), transshipment facilities, and improved land parcels. This focus allows the company to maintain a competitive edge in the market.

Terreno Realty Corporation is committed to maintaining high occupancy rates and optimal use of its properties. Its strategic approach to acquisitions, combined with an emphasis on prime locations, ensures consistent performance and attractive returns for its investors. The company's recent achievements and ongoing projects demonstrate its capability to adapt and thrive in the ever-evolving real estate market.

The company’s financial health is bolstered by its strong market presence and sound investment strategies. Regular updates, transparent financial disclosures, and proactive management practices underscore Terreno Realty’s dedication to its stakeholders. For the latest information on the company's performance, events, and developments, investors and interested parties can refer to the most recent news and updates provided by Terreno Realty Corporation.

News

Terreno Realty Corporation Declares Quarterly Dividend and Files Annual 2023 Financial Statements

Rhea-AI Summary
Terreno Realty Corporation (TRNO) has declared a cash dividend of $0.45 per common share for the quarter ending March 31, 2024. The dividend will be payable on April 5, 2024, to common stockholders of record at the close of business on March 28, 2024. The company also filed its annual report on Form 10-K for the year ended December 31, 2023, with the U.S. Securities and Exchange Commission.
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Terreno Realty Corporation Announces Tax Treatment of 2023 Dividends

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Terreno Realty Corporation (NYSE:TRNO) announced the income tax treatment of its 2023 dividend distributions to holders of its common stock. The 2023 distribution of $1.65 per share includes a portion of one quarterly distribution declared in 2022 and paid in 2023, three quarterly distributions declared and paid in 2023, and a portion of one quarterly distribution declared in 2023 and paid in 2024. The distribution characteristics are detailed, including record dates, dates paid, and various dividend components. Terreno Realty Corporation acquires, owns, and operates industrial real estate in six major coastal U.S. markets. Approximately $0.13 of the $0.45 distribution declared on October 31, 2023, and paid on January 5, 2024, will be considered a distribution made in 2023 for U.S. federal income tax purposes.
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Terreno Realty Corporation Announces Lease in Hialeah, FL

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Terreno Realty Corporation (TRNO) has pre-leased 100% of Countyline Corporate Park Phase IV Building 39 in Hialeah, Florida to a tenant providing turbine engine services. The $43.8 million investment is expected to achieve a 5.8% stabilized cap rate upon completion in June 2024. The Countyline Corporate Park Phase IV project is expected to contain ten LEED-certified industrial distribution buildings totaling approximately 2.2 million square feet with an estimated total investment of $511.5 million by 2027.
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Terreno Realty Corporation Announces Redevelopment in Gardena, CA

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Terreno Realty Corporation (TRNO) announced the redevelopment of a 231,000 square foot property in Gardena, California, expected to be completed in 2027 with a total investment of $64.0 million. The property will contain three industrial buildings totaling 228,000 square feet with 34 dock-high and 17 grade-level loading positions and parking for 332 cars. The estimated stabilized cap rate is 6.1%. TRNO has executed a short-term lease with an e-commerce firm. TRNO acquires, owns, and operates industrial real estate in six major coastal U.S. markets.
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Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity, and Promotion of John Meyer to Chief Operating Officer

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Terreno Realty Corporation (TRNO) announced its operating, investment, and capital markets activity for Q4 of 2023. The company reported a 98.5% quarter-end occupancy, a 47.5% increase in cash rents, and $73.2 million of acquisitions. The company also issued 2,610,173 shares of common stock under ATM for gross proceeds of $158.4 million.
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Terreno Realty Corporation Acquires Property in Bellevue, WA for $6.5 Million

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Terreno Realty Corporation (TRNO) acquired an industrial property in Bellevue, Washington for $6.5 million on January 5, 2024. The property consists of a 16,000 square feet industrial distribution building on 1.8 acres. It provides three dock-high and two grade-level loading positions and parking for 22 cars. The estimated stabilized cap rate is 5.8%. Terreno Realty Corporation operates in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.
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Terreno Realty Corporation Sells Property in Compton, CA for $15.9 Million

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Terreno Realty Corporation (NYSE:TRNO) sold an industrial property in Compton, California for $15.9 million, generating an unleveraged internal rate of return of 13.0%. The property consists of a 58,000 square foot industrial distribution building on 3.0 acres, fully leased to one tenant. Terreno Realty Corporation operates in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.
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Terreno Realty Corporation Sells Property in West Caldwell, NJ for $17.8 Million

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Terreno Realty Corporation (TRNO) sold an industrial property in West Caldwell, New Jersey for $17.8 million, generating an 11.2% unleveraged internal rate of return. The property consists of a 93,000 square foot industrial distribution building on 8.9 acres, fully leased to two tenants. Terreno Realty Corporation operates in major U.S. coastal markets including Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.
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Terreno Realty Corporation Announces Development Completion in Hialeah, FL

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Terreno Realty Corporation (NYSE:TRNO) completes development of Countyline Corporate Park Phase IV Building 41 in Hialeah, Florida, leasing it 100% to an international logistics services provider. The building is a 191,000 square foot industrial distribution building with 62 dock-high and two grade-level loading positions, expected to achieve LEED certification. The total investment is $41.2 million, and the stabilized cap rate is 5.1%. Countyline Corporate Park Phase IV consists of a 121-acre project entitled for 2.2 million square feet of industrial distribution buildings in Miami’s Countyline Corporate Park, expected to contain ten LEED-certified industrial distribution buildings totaling approximately 2.2 million square feet providing 660 dock-high and 22 grade-level loading positions and parking for 1,875 cars for a total expected investment of approximately $510.3 million. Terreno Realty Corporation acquires, owns, and operates industrial real estate in Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.
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Terreno Realty Corporation Declares Quarterly Dividend and Files Third Quarter 2023 Financial Statements

Rhea-AI Summary
Terreno Realty Corporation (NYSE: TRNO) has declared a regular cash dividend of $0.45 per common share for the quarter ending December 31, 2023. The dividend will be payable on January 5, 2024 to common stockholders of record at the close of business on December 15, 2023. Terreno Realty Corporation filed its quarterly report on Form 10-Q for the quarter ended September 30, 2023 with the U.S. Securities and Exchange Commission.
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FAQ

What is the current stock price of Terreno Realty Corporation (TRNO)?

The current stock price of Terreno Realty Corporation (TRNO) is $59.06 as of December 24, 2024.

What is the market cap of Terreno Realty Corporation (TRNO)?

The market cap of Terreno Realty Corporation (TRNO) is approximately 5.9B.

What does Terreno Realty Corporation do?

Terreno Realty Corporation is a real estate investment trust that acquires, owns, and operates industrial real estate in six major coastal U.S. markets.

In which markets does Terreno Realty operate?

Terreno Realty operates in Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.

How many buildings does Terreno Realty own?

As of September 30, 2020, Terreno Realty owned 219 buildings totaling approximately 13.1 million square feet.

What types of properties are included in Terreno Realty's portfolio?

Terreno Realty's portfolio includes warehouse/distribution centers, flex spaces (light industrial and research and development), transshipment facilities, and improved land parcels.

What is the significance of Terreno Realty being a REIT?

As a REIT, Terreno Realty is required to distribute at least 90% of its taxable income to shareholders, providing regular income to investors.

What is Terreno Realty's approach to property acquisition?

Terreno Realty focuses on acquiring high-demand industrial properties in strategic coastal markets to ensure consistent performance and attractive returns.

How does Terreno Realty maintain high occupancy rates?

Terreno Realty ensures high occupancy rates through strategic property acquisitions, optimal property use, and maintaining properties in prime locations.

What is the company's financial condition?

Terreno Realty's strong market presence and sound investment strategies contribute to its robust financial health and consistent growth.

When did Terreno Realty elect to be taxed as a REIT?

Terreno Realty elected to be taxed as a REIT under sections 856 through 860 of the Internal Revenue Code starting with its taxable year ended December 31, 2010.

Where can I find the latest news about Terreno Realty Corporation?

The latest news and updates about Terreno Realty Corporation can be found on their official website and other reputable financial news platforms.

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Terreno Realty Corporation

NYSE:TRNO

TRNO Rankings

#1178 Ranked by Market Cap
#972 Ranked by Dividends

TRNO Stock Data

5.86B
97.78M
1.96%
107.74%
3.99%
REIT - Industrial
Real Estate
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United States of America
SAN FRANCISCO