Terreno(TRNO)
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Terreno Realty Corporation Announces Leases in Hialeah, FL
Businesswire· 2025-09-19 13:15
Core Viewpoint - Terreno Realty Corporation has announced new leases in Hialeah, Florida, indicating growth and expansion in its portfolio [1] Group 1: Company Developments - The company has secured multiple leases in Hialeah, which is a strategic location for its operations [1] - These leases are expected to enhance the company's revenue streams and overall market presence [1] Group 2: Market Implications - The expansion into Hialeah reflects the company's strategy to capitalize on growing demand for industrial real estate in key markets [1] - This move may position the company favorably against competitors in the industrial sector [1]
Terreno Realty Executes Another Lease Renewal, Points to Robust Demand
ZACKS· 2025-09-15 14:10
Core Insights - Terreno Realty (TRNO) has executed a lease renewal for a 4.9-acre land parcel in Lynwood, CA, with a liquid food distributor, effective from January 1, 2026, to December 2037 [1][7] - The company has shown strong demand for its properties, with a recent early lease renewal in Seattle, WA, for 63,000 square feet with a co-warehousing services provider [2][7] - TRNO's operating portfolio was 97.7% leased as of June 30, 2025, with a same-store portfolio leasing rate of 98.5% [3] Leasing Performance - In Q2 2025, TRNO achieved a 22.6% increase in cash rents on new and renewed leases [4] - The tenant retention ratio for the operating portfolio was reported at 71.1% [4] Company Positioning - TRNO is well-positioned for long-term growth due to its solid operating platform, healthy balance sheet, and strategic expansion moves, despite macroeconomic uncertainties affecting customer decision-making [5] - Over the past month, TRNO shares have increased by 9.2%, outperforming the industry average of 4.4% [6]
Terreno Realty Corporation Announces Lease in Lynwood, CA
Businesswire· 2025-09-12 13:15
Core Insights - Terreno Realty Corporation has announced a new lease in Lynwood, California, indicating continued growth and demand in the industrial real estate sector [1] Company Summary - The lease is part of Terreno Realty Corporation's strategy to expand its portfolio in key markets, reflecting the company's focus on urban infill locations [1] - The specific details of the lease, including the size and terms, were not disclosed, but the announcement suggests a positive outlook for the company's operations in the region [1] Industry Summary - The industrial real estate market remains robust, with companies like Terreno Realty Corporation capitalizing on increasing demand for logistics and distribution facilities [1] - The announcement highlights the ongoing trend of urbanization and the need for strategically located industrial spaces to support e-commerce and supply chain operations [1]
Terreno Realty Expands Footprint With $194.3M Acquisitions
ZACKS· 2025-09-11 18:16
Core Insights - Terreno Realty (TRNO) has acquired an industrial portfolio in Doral, FL, and Kearny, NJ, for approximately $194.3 million, consisting of three industrial distribution buildings totaling about 509,000 square feet across 27.6 acres, with 36% leased to five tenants [1][8] - This acquisition completes a multi-market portfolio totaling nearly 1.2 million square feet for a total purchase price of $426.9 million, which includes the Woodinville portfolio acquired last month, with an estimated stabilized cap rate of 5% [2][8] Company Expansion - TRNO is actively expanding its portfolio, having recently acquired an industrial property in South San Francisco, CA, for $10.2 million, and a prime portfolio in Woodinville, WA, for approximately $232.6 million, along with another property in Redondo Beach, CA, for $35.5 million [3] - The company is enhancing its presence in six major coastal U.S. markets, including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C., which are characterized by solid demographic trends and healthy demand for industrial real estate [4] Market Performance - Over the past month, TRNO's shares have increased by 6.2%, outperforming the industry growth of 2.5% [5]
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
Core Viewpoint - Terreno Realty Corporation has acquired a portfolio in Doral, FL and Kearny, NJ for a total of $194.3 million, indicating a strategic expansion in key markets [1] Group 1: Acquisition Details - The acquisition includes properties located in Doral, Florida, and Kearny, New Jersey [1] - The total investment for the portfolio is $194.3 million, reflecting the company's commitment to growth in these regions [1] Group 2: Market Implications - This acquisition may enhance Terreno Realty Corporation's presence in the industrial real estate sector, particularly in high-demand areas [1] - The strategic choice of locations suggests a focus on logistics and distribution capabilities, which are critical in the current market environment [1]
Terreno Realty Acquires Property in South San Francisco
ZACKS· 2025-09-09 15:21
Core Insights - Terreno Realty Corporation (TRNO) has acquired an industrial property in South San Francisco for approximately $10.2 million, which will support the company's growth strategy by enhancing its portfolio [1][8] - The newly acquired property spans around 32,000 square feet and is fully leased through October 2025, with an estimated stabilized cap rate of 5.8% [2][8] - TRNO is actively expanding its portfolio, having recently acquired additional industrial properties in Woodinville, WA, for about $232.6 million and in Redondo Beach, CA, for around $35.5 million [3][8] Market Position - TRNO is strategically positioned to enhance its presence in six major coastal U.S. markets, including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C., which exhibit strong demographic trends and demand for industrial real estate [4] - The national industrial vacancy rates remain near historic lows in key logistics hubs, indicating that TRNO is well-positioned for steady rent growth and high occupancy levels [5] Performance Metrics - TRNO's shares have increased by 10.8% over the past month, outperforming the industry's growth of 3.7% [5]
Terreno Realty Announces Leases in Seattle, Sees Healthy Demand
ZACKS· 2025-09-08 18:41
Core Insights - Terreno Realty (TRNO) has executed a 63,000 square foot renewal lease in Seattle, WA, with a co-warehousing services provider, effective from July 1, 2026, to June 2033 [1][8] - The company has shown strong leasing activity, with its operating portfolio 97.7% leased and a same-store portfolio of 14.1 million square feet at 98.5% leased as of June 30, 2025 [3] - TRNO has successfully increased cash rents on new and renewed leases by 22.6% during the second quarter of 2025, with a tenant retention ratio of 71.1% [4] Leasing Activity - In addition to the Seattle lease, TRNO leased 100% of Countyline Corporate Park Phase IV Building 32 in Hialeah, FL, and signed a 72,000 square feet lease with an Asian food distributor, commencing upon tenant improvements expected in February 2026 and expiring in June 2036 [2] - The leased rate for TRNO's improved land portfolio of 47 parcels spanning 150.6 acres was 95.1% as of June 30, 2025 [3] Financial Performance - TRNO is well-positioned for long-term growth with a solid operating platform and a healthy balance sheet, despite macroeconomic uncertainties affecting customer decision-making [5] - Over the past month, TRNO's shares have gained 11.5%, outperforming the industry average of 3.7% [6]
Terreno Realty Corporation Acquires Property in South San Francisco, CA for $10.2 Million
Businesswire· 2025-09-08 13:15
Core Viewpoint - Terreno Realty Corporation has acquired a property in South San Francisco, California for $10.2 million, indicating a strategic investment in a key market area [1]. Group 1 - The acquisition price of the property is $10.2 million, reflecting the company's ongoing investment strategy [1]. - The property is located in South San Francisco, a region known for its growth potential and demand for real estate [1]. - This transaction highlights Terreno Realty Corporation's focus on expanding its portfolio in strategic locations [1].
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]