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Terreno Realty Executes Another Lease Renewal, Points to Robust Demand
ZACKS· 2025-09-15 14:10
Key Takeaways Terreno Realty renewed a 4.9-acre Lynwood, CA, lease with a liquid food distributor.The 12-year Lynwood lease runs from January 2026 through December 2037.In September 2025, TRNO also renewed 63,000 square feet in Seattle, WA, with a co-warehousing provider.Terreno Realty (TRNO) recently announced the execution of a lease renewal for a 4.9-acre land parcel in Lynwood, CA. The site has been improved with a rail transshipment facility.The lessee of the agreement is a distributor of liquid food p ...
Terreno Realty Corporation Announces Lease in Lynwood, CA
Businesswire· 2025-09-12 13:15
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Lynwood, CA. ...
Terreno Realty Expands Footprint With $194.3M Acquisitions
ZACKS· 2025-09-11 18:16
Key Takeaways Terreno Realty acquired three industrial buildings in Doral, FL, and Kearny, NJ, for $194.3M.The buildings span 509,000 square feet on 27.6 acres and are 36% leased to five tenants.This purchase completes a 1.2M-square-foot multi-market portfolio bought for $426.9M.Terreno Realty (TRNO) has made another strategic move to bolster its portfolio. This industrial REIT acquired an industrial portfolio located in Doral, FL and Kearny, NJ on Sept. 9, 2025, for approximately $194.3 million.The newly a ...
Terreno Realty buys 3 industrial properties in Florida, New Jersey for $194M (TRNO:NYSE)
Seeking Alpha· 2025-09-10 14:53
Core Viewpoint - Terreno Realty has acquired three industrial distribution buildings for approximately $194.3 million, indicating a strategic investment in the industrial real estate sector [2] Summary by Category Acquisition Details - The acquisition took place on September 9 and involved properties located in Doral, Florida, and Kearny, New Jersey [2] - The portfolio consists of about 509,000 square feet of space situated on 27.6 acres [2] Leasing Information - The properties are currently about 36% leased, suggesting potential for increased occupancy and revenue generation [2]
Terreno Realty Corporation Acquires Portfolio in Doral, FL and Kearny, NJ for $194.3 Million
Businesswire· 2025-09-10 13:15
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Portfolio in Doral, FL and Kearny, NJ for $194.3 Million. ...
Terreno Realty Acquires Property in South San Francisco
ZACKS· 2025-09-09 15:21
Key Takeaways TRNO acquired a 32,000-sq-ft industrial property in South San Francisco for $10.2M.The property is fully leased through October 2025 with a stabilized cap rate of 5.8%.TRNO recently added assets in Woodinville, WA, and Redondo Beach, CA, to its portfolio.Terreno Realty Corporation (TRNO) recently announced the acquisition of an industrial property in South San Francisco, CA. The buyout was carried out on Sept. 5 for a purchase value of around $10.2 million. The move will aid the company in fos ...
Terreno Realty Announces Leases in Seattle, Sees Healthy Demand
ZACKS· 2025-09-08 18:41
Key Takeaways Terreno Realty renewed a 63,000 sq. ft. lease in Seattle with a co-warehousing services provider.The renewal lease begins July 1, 2026, and runs through June 2033.TRNO continues to see solid demand from both new and existing tenants across its markets.Terreno Realty (TRNO) recently announced the execution of a 63,000 square foot renewal lease in Seattle, WA. The lessee of the agreement is a co-warehousing services provider.The renewal lease will commence on July 1, 2026, and is set to expire i ...
Terreno Realty Corporation Acquires Property in South San Francisco, CA for $10.2 Million
Businesswire· 2025-09-08 13:15
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in South San Francisco, CA for $10.2 Million. ...
Terreno Realty: Growing, Largely In Nominal Terms
Seeking Alpha· 2025-08-14 17:33
Core Insights - Terreno Realty Corporation (NYSE: TRNO) is actively acquiring properties at premiums, indicating a robust investment strategy focused on coastal assets [1] Group 1: Company Strategy - The company maintains a long-term investment philosophy centered on purchasing coastal assets, which is seen as a sound strategy for growth [1] Group 2: Investment Opportunities - The investing group "Value In Corporate Events" provides members with actionable insights on major corporate events such as IPOs, mergers & acquisitions, and earnings reports, aiming to identify the best investment opportunities [1]
Terreno Realty Expands Footprint With $232.6M Woodinville Acquisition
ZACKS· 2025-08-14 16:31
Core Insights - Terreno Realty Corporation (TRNO) has acquired a portfolio of industrial properties in Woodinville, WA, for approximately $232.6 million, enhancing its presence in the high-demand Seattle market [1][9] - The acquisition is part of a larger multi-market portfolio totaling $426.9 million, expected to be completed by September 2025, with an estimated stabilized cap rate of 5% [4][9] - The newly acquired properties are approximately 91% leased to 26 tenants, providing immediate rental income and potential for lease-up and rent growth [3][9] Company Strategy - TRNO's disciplined investment approach is evident in its recent acquisitions, including a $35.5 million industrial property in Redondo Beach, CA, which is fully leased and has a higher estimated stabilized cap rate of 5.8% [5] - The company focuses on sourcing high-quality, well-located industrial assets in supply-constrained, high-demand coastal markets [5][6] Market Position - The industrial real estate sector continues to benefit from e-commerce growth, proximity to population centers, and supply-chain resilience, which could enhance TRNO's earnings visibility and cash flow stability [2] - TRNO's target markets, including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C., are characterized by strong demographics and growing demand for last-mile distribution facilities [6] Performance Outlook - National industrial vacancy rates remain near historic lows, positioning TRNO for steady rent growth and high occupancy levels [7] - The current price level of TRNO shares presents a good entry point, despite a 6.4% decline in the past three months compared to the industry’s fall of 0.4% [8]