Company Overview - Terreno Realty Corporation (TRNO) has successfully leased 100% of Countyline Corporate Park Phase IV Building 33 in Hialeah, FL, indicating strong demand for its properties [1] - The property has been leased to three tenants, including a third-party logistics provider for 105,000 square feet under a seven-year lease starting in March 2025 [2] Project Details - Countyline Corporate Park Phase IV is a 121-acre project entitled for 2.2 million square feet of industrial distribution buildings, located adjacent to TRNO's existing buildings in Phase III [3] - Building 33 is a 158,000-square-foot industrial distribution building with a total expected investment of $39.9 million and an estimated stabilized cap rate of 5.9% [4] - Upon completion in 2027, Countyline Corporate Phase IV will consist of ten LEED-certified buildings totaling approximately 2.2 million square feet, with an estimated investment of $511.5 million [5] Strategic Positioning - TRNO is well-positioned for long-term growth opportunities due to its solid operating platform, healthy balance sheet, and strategic expansion moves [6] - The Countyline project enhances TRNO's strategic positioning in the regional industrial real estate sector, expected to attract tenants and maintain high occupancy rates [6] Industry Context - The industrial real estate sector is experiencing significant growth driven by the rising e-commerce market, which is transforming consumer shopping and delivery methods [7] - Companies like TRNO, Prologis, and First Industrial Realty Trust are focusing on improving supply-chain efficiencies, increasing demand for logistics infrastructure and distribution networks [8]

Core Viewpoint - Terreno Realty Corporation (TRNO) is actively redeveloping properties to enhance quality and meet tenant demand, with a recent project in Santa Ana, CA costing approximately $41.3 million and achieving a stabilized cap rate of about 5.1% [1][5]. Group 1: Redevelopment Details - The redeveloped property in Santa Ana features a rear-load industrial building of around 92,000 square feet on 4.9 acres, equipped with ten dock-high and two grade-level loading facilities, and a parking area for 145 cars [2]. - The facility is fully leased to a temperature-controlled life-sciences supply chain solution provider and has received LEED Silver certification [2]. Group 2: Location Advantages - The property is strategically located near the Costa Mesa Freeway (CA 55) and is less than two miles from the intersection of CA 55 and I-405, as well as John Wayne Airport in Orange County, providing significant connectivity advantages [3]. Group 3: Company Strategy and Performance - Terreno Realty's redevelopment efforts are part of a broader strategy to optimize its portfolio and improve financial performance, with a focus on expanding its asset base in six major coastal U.S. markets [4][5]. - The company reported fourth-quarter 2024 earnings with funds from operations (FFO) of 62 cents per share, matching the Zacks Consensus Estimate and showing a year-over-year increase from 58 cents per share [6]. - Revenues for the quarter reached $103.7 million, exceeding consensus estimates by 2.1% and reflecting a 20% year-over-year growth [6]. Group 4: Stock Performance - TRNO shares have increased by 10.1% over the past three months, contrasting with a 3.7% decline in the industry [7].

分组1 - Terreno Realty (TRNO) reported quarterly funds from operations (FFO) of $0.62 per share, matching the Zacks Consensus Estimate and showing an increase from $0.58 per share a year ago [1] - The company achieved revenues of $103.71 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 2.05% and up from $86.48 million year-over-year [2] - Terreno has surpassed consensus revenue estimates three times over the last four quarters [2] 分组2 - The stock has gained approximately 11.6% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] - The current consensus FFO estimate for the upcoming quarter is $0.63 on revenues of $106.9 million, and for the current fiscal year, it is $2.66 on revenues of $442.76 million [7] - The estimate revisions trend for Terreno is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] 分组3 - The REIT and Equity Trust - Other industry, to which Terreno belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, which may impact stock performance [8]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ Form 10-K _________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-34603 Terreno Realty Corporation (Exact Name of Regi ...

Terreno Realty Corporation (TRNO) announced the disposition of another asset, this time in South San Francisco, CA. The transaction was carried out on Jan. 16, 2025 for around $8 million. In early January, TRNO announced that it sold a vacant industrial distribution building encompassing around 66,000 square feet on 3.0 acres of land in Union City, CA, for $16.9 million.The moves highlight the REIT’s strategy of doing away with non-core assets and building a more robust portfolio, which will aid future grow ...

I only buy strong businesses. I only buy them when they're cheap. Backgrounds in economics, philosophy, government, data. I started my investing journey with a fairly concentrated portfolio of Canadian dividend payers in the telecom, pipeline and banking industries. I have moved forward through different industries including payments, US regional banking, Chinese and Brazilian equities, REITs, technology companies and a few other emerging market opportunities, as well as microcap through to megacap range. I ...

Terreno Realty Corporation (TRNO) recently announced it has pre-leased 50% of Countyline Corporate Park Phase IV Building 32 in Hialeah, FL. The pre-leasing reflects the solid demand for the company’s properties.The lease will run for 10 years with an aircraft engine maintenance, repair and overhaul provider and encompass 82,000 square feet of space. It will start upon the completion of building construction and tenant improvements expected to be in June 2025. Countyline Corporate Park Phase IV comprises a ...

Terreno Realty (TRNO) has announced the shelling of $156.3 million for the acquisition of industrial property in Red Hook, Brooklyn, NY. Included in the above acquisition price is a $72.9 million, 3.85% interest-only loan, set to mature in March 2028. The transaction marks an estimated stabilized cap rate of 4.8% and it comes after the recent purchase of a property in Long Island City Queens, NY, for around $7.6 million with an estimated stabilized cap rate of 5.7%.The Brooklyn property under consideration ...

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!Early in the summer, I believed that Terreno Realty (NYSE: TRNO ) was focusing on nominal growth over per share growth. Such a strategy, makes reported growth look good but does not necessarily pa ...

Terreno Realty (TRNO) recently announced the execution of a lease for 82,000 square feet in Avenel, New Jersey. This lease with a leading national wholesale tire distributor will commence on Dec. 31, 2024, and is slated for expiry in January 2030.This real estate investment trust (REIT), which acquires, owns and operates industrial real estate in six major coastal U.S. markets, has been experiencing healthy demand for its properties from both existing and new tenants. On Nov. 7, 2024, the company announced ...