Terreno Realty (TRNO) Sees Rent Growth in Q2, Occupancy Declines

Terreno Realty Corporation (TRNO) recently provided an update on its operating, investment and capital market activity for the second quarter of 2024. The preliminary results highlight solid growth in cash rents, though occupancy levels declined because of acquired vacancy. Nevertheless, accretive acquisitions and developments are likely to support its growth in the upcoming period. However, TRNO was able to lock in higher rents on new and renewed leases during the quarter. The cash rents on new and renewed ...