Terreno Realty Corporation Announces Lease in Newark, NJ Mar 25, 2026 9:15 AM Eastern Daylight Time Terreno Realty Corporation Announces Lease in Newark, NJ Share BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed an early lease renewal for a 3.5-acre improved land parcel in Newark, New Jersey with a leading national full-service equipment rental firm. The ...

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Gardena, CA for $44.0 Million. ...

Terreno Realty Corporation Announces Lease in Hialeah, FL Terreno Realty Corporation Announces Lease in Hialeah, FL Share BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a lease for 88,000 square feet in Countyline Corporate Park Building 25 in Hialeah, Florida with a provider of export and reverse logistics. The lease commences July 1, 2026 and will exp ...

Core Insights - Terreno Realty Corporation (TRNO) sold an industrial property in Lanham, MD for approximately $11.1 million on March 6, 2026, which was fully leased and spanned 56,000 square feet [2][8] - The property was acquired by Terreno in December 2013 for $5.6 million, resulting in an unleveraged internal rate of return of 10.8% [2][8] - In 2025, Terreno Realty executed property sales totaling $386.4 million, with an additional $19.9 million in dispositions under contract as of December 31, 2025 [3][8] Financial Performance - The sale of the Lanham property is part of Terreno's strategy to optimize its portfolio and improve financial performance, with $144.2 million in property sales recorded in Q4 2025 [3] - The proceeds from the sale are expected to be reinvested into acquisitions or development projects in stronger industrial markets, potentially enhancing liquidity and financial flexibility [4] - Despite a possible short-term decline in rental income, the reinvestment is anticipated to support long-term earnings growth [4] Market Position - Over the past six months, TRNO shares have increased by 6.8%, outperforming the industry growth of 4.1% [5] - Analysts are optimistic about TRNO, with the 2026 FFO per share estimate rising by 1.1% to $2.79 over the past month [5]

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Lanham, MD for $11.1 Million. ...

Terreno Realty Corporation Announces Leases in Gardena, CAMar 5, 2026 9:15 AM Eastern Standard Time# Terreno Realty Corporation Announces Leases in Gardena, CAShare---BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed an early lease renewal for a 2.8-acre improved land parcel in Gardena, California with a provider of container drayage services. The lease, w ...

Terreno Realty Corporation Announces Lease in Rancho Dominguez, CAFeb 20, 2026 9:15 AM Eastern Standard Time# Terreno Realty Corporation Announces Lease in Rancho Dominguez, CAShare---BELLEVUE, Wash.--([BUSINESS WIRE])--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a lease for 66,000 square feet in Rancho Dominguez, California with a manufacturer and distributor of laboratory reagents, ...

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Queens, NY for $92.0 Million. ...

Company Overview - As of December 31, 2025, Terreno Realty Corporation owned a total of 309 buildings aggregating approximately 19.8 million square feet, with a leasing rate of approximately 96.1%[17] - The company’s investment strategy focuses on industrial real estate in six major coastal U.S. markets, with warehouse/distribution properties accounting for approximately 80.5% of total annualized base rent[21] - Since inception in 2010, Terreno has stabilized 134 properties and disposed of 45 properties for an aggregate sales price of approximately $1.1 billion, achieving a total gain of approximately $570.7 million[30][31] Financial Performance - The company has produced a 10.0% compound annual total shareholder return since its IPO in 2010, with an 11.1% average cash same store net operating income growth[34] - Total revenues increased by approximately $93.8 million for the year ended December 31, 2025, reaching $476.4 million, a 24.5% increase compared to 2024[210] - Same store rental revenues rose to $273.9 million, an increase of 11.8% from $245.1 million in 2024[209] - Non-same store operating properties rental revenues surged by 92.1%, from $54.9 million in 2024 to $105.5 million in 2025[209] - Total net operating income increased by 27.0%, reaching $361.3 million compared to $284.5 million in 2024[209] - Gain on sales of real estate investments rose significantly by approximately $193.1 million, totaling $238.4 million for 2025 compared to $45.4 million in 2024[216] Capital Structure and Financing - Terreno's financing strategy aims to maintain a conservative capital structure, with a credit rating of BBB+ from Fitch Ratings and a target to keep net debt-to-adjusted EBITDA ratio below 4.5x[33] - The company has total debt of approximately $943.3 million as of December 31, 2025, which includes various borrowings and a mortgage loan payable[74] - The company has a credit facility with a total borrowing capacity of $600.0 million, with an outstanding balance of approximately $200.0 million as of December 31, 2025[79] - The company entered into a $200 million term loan maturing on January 15, 2031, to reduce borrowings under its revolving credit facility[192] Property Management and Operations - The company utilizes local third-party property managers for day-to-day operations, which may affect cash flows if service quality is inadequate[64] - The company targets functional properties in infill locations, which are surrounded by high concentrations of developed land, to cater to customer demand[20] - The company has no current intention to acquire undeveloped land but is focused on redevelopment and expansion opportunities of existing properties[181] Risks and Challenges - The company faces competition from various entities in the industrial real estate market, which may require offering incentives to attract tenants[37] - The company faces risks related to tenant defaults, which could adversely affect cash flows and the ability to pay distributions to stockholders[60] - The company may incur significant costs and delays in acquiring properties if it acquires outstanding debt secured by industrial properties[81] - The company is exposed to risks related to potential changes in U.S. federal income tax laws affecting REITs, which could adversely impact stockholder returns and market price[135] - Economic uncertainties, including geopolitical issues, could lead to decreased demand for real estate and negatively impact financial results[90] Corporate Governance - Terreno has a commitment to strong corporate governance, including annual terms for board members and a majority voting standard in non-contested director elections[34] - The board of directors has the authority to change significant corporate policies without stockholder approval, potentially affecting financial performance and stockholder distributions[111] Shareholder Returns and Distributions - Regular quarterly cash distributions to stockholders are funded entirely from distributable cash flows, but the board of directors has discretion over the timing and amount of these distributions[53] - The company plans to distribute 100% of its REIT taxable income to avoid income and excise tax on undistributed taxable income[165] - The company is required to distribute at least 90% of its taxable income to stockholders to qualify as a REIT, limiting its ability to retain earnings for growth[73] Market Conditions and Trends - The company may face litigation that could negatively impact cash flow, financial condition, and the market price of its common stock[70] - Competitive actions may pressure the company to reduce rental rates or offer concessions, adversely affecting cash flows and stock price[91] - The market price of the company's common stock may be volatile, influenced by factors such as financial performance, liquidity, and changes in market interest rates[142] Development and Redevelopment - The company owns six properties under development, expected to total approximately 1.2 million square feet, with an anticipated investment of $372.5 million[153] - Total capital expenditures for properties under development and redevelopment reached $64.6 million for the year ended December 31, 2025, compared to $129.6 million in 2024[154] - The company completed the development and redevelopment of three properties in 2025, with a total expected investment of $35.2 million for the Paterson Plank III property[189] Employee Engagement - The company emphasizes employee engagement and wellness, providing competitive health benefits and encouraging community involvement[48]

Terreno Realty Corporation This presentation contains forward-looking statements within the meaning of the federal securities laws. When used, the words "anticipate", "believe", "estimate", "expect", "intend", "may", "might", "plan", "project", "result", "should", "will", "seek", "target", "see", "likely", "position", "opportunity", "outlook", "potential", "future" and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements a ...