Terreno Realty Corporation Increases Quarterly Dividend by 8.9% and Files Second Quarter 2024 Financial Statements
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.
Terreno Realty (NYSE: TRNO), un'azienda immobiliare industriale che opera in sei importanti mercati costieri degli Stati Uniti, ha annunciato un aumento dell'8,9% del suo dividendo trimestrale. Il nuovo dividendo di $0,49 per azione ordinaria sarà pagabile il 11 ottobre 2024, agli azionisti registrati al 30 settembre 2024.
Inoltre, Terreno ha presentato il suo rapporto trimestrale sul modulo 10-Q per il secondo trimestre del 2024 alla SEC. I bilanci finanziari dell'azienda e le informazioni supplementari sono ora disponibili sul loro sito web. Terreno si concentra sull'acquisizione, possesso e gestione di proprietà industriali in mercati chiave tra cui Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle e Washington, D.C.
Terreno Realty (NYSE: TRNO), una empresa de bienes raíces industriales que opera en seis importantes mercados costeros de EE. UU., ha anunciado un aumento del 8,9% en su dividendo trimestral. El nuevo dividendo de $0,49 por acción común se pagará el 11 de octubre de 2024, a los accionistas registrados al 30 de septiembre de 2024.
Además, Terreno ha presentado su informe trimestral en el Formulario 10-Q para el segundo trimestre de 2024 ante la SEC. Los estados financieros de la empresa y la información complementaria ahora están disponibles en su sitio web. Terreno se enfoca en adquirir, poseer y operar propiedades industriales en mercados clave que incluyen Northern New Jersey/New York City, Los Ángeles, Miami, el área de la Bahía de San Francisco, Seattle y Washington, D.C.
Terreno Realty (NYSE: TRNO)는 미국의 6개 주요 해안 시장에서 운영되는 산업 부동산 회사로, 분기 배당금을 8.9% 인상했다고 발표했습니다. 새로운 배당금은 주당 $0.49로, 2024년 10월 11일에 2024년 9월 30일 기준 주주들에게 지급될 예정입니다.
또한, Terreno는 2024년 2분기 SEC에 제출된 10-Q 양식의 분기 보고서를 제출했습니다. 회사의 재무제표와 추가 정보는 이제 웹사이트에서 확인할 수 있습니다. Terreno는 Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle 및 Washington, D.C. 등 주요 시장에서 산업용 부동산을 인수, 소유 및 운영하는 데 중점을 두고 있습니다.
Terreno Realty (NYSE: TRNO), une entreprise de biens immobiliers industriels opérant dans six principaux marchés côtiers américains, a annoncé une augmentation de 8,9% de son dividende trimestriel. Le nouveau dividende de 0,49 $ par action ordinaire sera payable le 11 octobre 2024, aux actionnaires enregistrés au 30 septembre 2024.
De plus, Terreno a déposé son rapport trimestriel sur le formulaire 10-Q pour le deuxième trimestre de 2024 auprès de la SEC. Les états financiers de l'entreprise et les informations complémentaires sont désormais disponibles sur leur site web. Terreno se concentre sur l'acquisition, la possession et l'exploitation de propriétés industrielles sur des marchés clés, notamment Northern New Jersey/New York City, Los Angeles, Miami, la région de la baie de San Francisco, Seattle et Washington, D.C.
Terreno Realty (NYSE: TRNO), ein Industrieimmobilienunternehmen, das in sechs wichtigen Küstenmärkten in den USA tätig ist, hat eine Steigerung von 8,9% seiner quartalsweisen Dividende bekannt gegeben. Die neue Dividende von 0,49 $ pro Stammaktie wird am 11. Oktober 2024 an Aktionäre ausgezahlt, die am 30. September 2024 registriert sind.
Darüber hinaus hat Terreno seinen Quartalsbericht auf Formular 10-Q für das zweite Quartal 2024 bei der SEC eingereicht. Die Finanzberichte des Unternehmens und zusätzliche Informationen sind jetzt auf ihrer Website verfügbar. Terreno konzentriert sich auf den Erwerb, das Eigentum und den Betrieb von Industrieimmobilien in wichtigen Märkten, darunter Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle und Washington, D.C.
- Quarterly dividend increased by 8.9% to $0.49 per common share
- Timely filing of Q2 2024 financial statements with the SEC
- None.
Insights
Terreno Realty's 8.9% dividend increase signals strong financial health and confidence in future cash flows. This
The timing of the Q2 2024 financial statement filing is standard, but without specific figures, it's challenging to gauge the company's overall performance. However, the dividend hike suggests positive underlying fundamentals. Terreno's focus on six major coastal U.S. markets positions it well in high-demand industrial real estate sectors, potentially benefiting from e-commerce growth and supply chain reconfigurations.
Investors should closely examine the filed 10-Q for key metrics like FFO growth, occupancy rates and lease renewal spreads to fully assess the company's operational strength behind this dividend increase.
Terreno's dividend increase reflects confidence in the industrial real estate sector's resilience. The 6 major coastal markets they operate in - NJ/NYC, LA, Miami, SF Bay Area, Seattle and DC - are strategic hubs for logistics and distribution, likely benefiting from ongoing e-commerce expansion and nearshoring trends.
The
However, investors should be cautious. High interest rates and economic uncertainties could impact demand for industrial space. It's important to analyze Terreno's tenant mix, lease durations and market-specific performance in the Q2 2024 financials to gauge the sustainability of this increased payout.
Terreno Realty Corporation filed its quarterly report on Form 10-Q for the quarter ended June 30, 2024 with the
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal
Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”, “project”, “result”, “should”, “will”, “seek”, “target”, “see”, “likely”, “position”, “opportunity”, “outlook” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2023 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.
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Jaime Cannon
415-655-4580
Source: Terreno Realty Corporation
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