STOCK TITAN

Terreno Realty - TRNO STOCK NEWS

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.

Overview

Terreno Realty Corporation is a specialized real estate investment trust (REIT) focused on acquiring, owning, and operating industrial real estate assets. Operating across six major U.S. coastal markets, the company strategically positions itself in high-demand regions known for industrial logistics, warehousing, and distribution centers. Its operations span key markets including Los Angeles, Northern New Jersey/New York City, the San Francisco Bay Area, Seattle, Miami, and Washington, D.C., aligning its portfolio with geographic areas that underpin robust economic and infrastructural activity.

Business Model and Operations

The core of Terreno Realty Corporation's business model is built on a disciplined, internally managed approach to real estate investment. By focusing on industrial properties, the company generates revenue primarily through rental income from its diversified asset portfolio. This model is enhanced by being structured as a REIT under the appropriate sections of the Internal Revenue Code, ensuring tax efficiency and a focus on asset-based returns. The company’s operations are characterized by careful property acquisition, proactive asset management, and a commitment to maintaining high occupancy and optimal operational efficiency.

Industry Position and Market Segmentation

In the broader context of industrial real estate, Terreno Realty Corporation occupies a significant position within niche coastal markets. Keywords such as industrial real estate, asset management, and coastal markets are not only central to its identity but also critical in understanding its operational focus. The selection of these particular markets enables the company to capitalize on supply-demand imbalances and to leverage the economic activities associated with port logistics, manufacturing, and distribution. This strategic market segmentation provides the company with a resilient portfolio that is less susceptible to the volatility seen in other real estate sectors.

Property Portfolio and Asset Management

Terreno Realty Corporation maintains a diversified portfolio that includes a range of industrial properties. Through its strategic acquisition of industrial buildings and improved land parcels, the company ensures a variety of property types that cater to different segments of the industrial market. Asset management is a crucial element of its strategy, involving continuous assessment of property performance, utilization of in-house expertise, and targeted capital improvements. Such a focused approach aids in sustaining long-term value and competitive positioning in markets that demand specialized logistic facilities and industrial infrastructure.

Operational Efficiency and REIT Structure

The company is structured as an internally managed REIT, which uniquely positions it in terms of operational flexibility and tax optimization. By electing this structure, Terreno Realty Corporation aligns its operations with established regulatory frameworks (sections 856 through 860 of the Internal Revenue Code) that emphasize income distribution and asset-centric growth. This organizational model enables the company to reinvest in high-quality properties and to maintain stringent control over operational efficiencies, thereby contributing to its overall stability and market presence.

Competitive Landscape and Differentiation

Within the competitive arena of industrial real estate, Terreno Realty Corporation sets itself apart through its strategic market focus and robust operational framework. The company differentiates itself by concentrating on high-growth coastal markets that benefit from logistical hubs and expansive transportation networks. Such a focus not only mitigates geographic and economic risks but also positions the portfolio to serve industries requiring state-of-the-art industrial facilities. Additionally, its internally managed structure allows for agile decision-making, a key competitive advantage in an industry that demands rapid responsiveness to market trends and regulatory changes.

Strategic Insights and Asset Diversification

From a strategic perspective, Terreno Realty Corporation emphasizes asset diversification across various coastal and urban industrial centers. The comprehensive approach to property acquisition ensures that the company has a balanced mix of established assets and opportunities for redevelopment. This diversification strategy supports stable income generation and mitigates the risks associated with market-specific downturns. Furthermore, the detailed focus on property management excellence reflects the company’s ongoing commitment to operational efficiency and long-term asset preservation.

Conclusion

Overall, Terreno Realty Corporation exemplifies a disciplined and expert approach to managing industrial real estate. Its concentrated focus on key U.S. coastal markets, combined with rigorous property management and a strategic REIT structure, positions the company as a significant participant in the industrial real estate sector. The company's methodical approach to asset management and market segmentation provides a concrete example of how specialized real estate investment strategies can yield sustainable operational efficiencies and robust portfolio performance. This detailed overview underscores the company’s relevance in the competitive industrial real estate landscape and highlights its expertise in navigating complex market dynamics.

Rhea-AI Summary
Terreno Realty Corporation (TRNO) has started construction on Countyline Corporate Park Phase IV buildings 32 and 33 in Hialeah, Florida, with an expected investment of $79.1 million. The project aims to create LEED-certified industrial distribution buildings totaling approximately 2.2 million square feet by 2027.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
Tags
none
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.5%
Tags
dividends
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.81%
Tags
dividends
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.67%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.62%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.23%
Tags
none

FAQ

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

The current stock price of Terreno Realty (TRNO) is $57.69 as of April 17, 2025.

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

The market cap of Terreno Realty (TRNO) is approximately 5.7B.

What is the primary business of Terreno Realty Corporation?

Terreno Realty Corporation primarily acquires, owns, and operates industrial real estate properties in key U.S. coastal markets.

How does Terreno Realty Corporation generate revenue?

The company generates revenue mainly through rental income from its diversified portfolio of industrial properties, managed efficiently under its REIT structure.

In which markets does Terreno Realty Corporation operate?

The company focuses on six major coastal markets, including Los Angeles, Northern New Jersey/New York City, the San Francisco Bay Area, Seattle, Miami, and Washington, D.C.

What distinguishes Terreno Realty Corporation from other real estate investment trusts?

Its specialization in industrial real estate within high-demand coastal markets, coupled with an internally managed REIT model, sets it apart from peers.

What role does asset management play in the company’s strategy?

Asset management is central to its strategy, ensuring high occupancy rates and operational efficiency through proactive property maintenance and strategic capital improvements.

How does the REIT structure benefit Terreno Realty Corporation?

The REIT structure provides tax efficiency, aligns operations with regulatory frameworks, and focuses on income distribution and asset-based value creation.

What types of industrial properties does Terreno Realty Corporation focus on?

The company focuses on a diverse range of industrial properties including warehouses, distribution centers, and various industrial facilities in urban and coastal settings.

How is Terreno Realty Corporation positioned within its competitive landscape?

Its strategic focus on high-growth coastal markets, combined with a robust internal management framework and diversified property portfolio, positions it effectively against competitors.
Terreno Realty

NYSE:TRNO

TRNO Rankings

TRNO Stock Data

5.74B
101.04M
1.96%
119.29%
5.98%
REIT - Industrial
Real Estate
Link
United States
SAN FRANCISCO