Core Insights - Terreno Realty (TRNO) has acquired an industrial property in Santa Ana, CA, for approximately $49.5 million, with a stabilized cap rate of 5.7% [1][9] - The company is actively restructuring its portfolio by selling non-core assets and focusing on value-accretive investments to support long-term revenue growth [2][4] Property Details - The newly acquired property at 3500 West MacArthur Boulevard includes a 134,000 square foot industrial distribution building on 12.1 acres, fully leased to a major home improvement retailer [3][9] - The property features seven dock-high and three grade-level loading positions, strategically located near I-405 in Orange County, enhancing its attractiveness to potential tenants [3][9] Portfolio Strategy - TRNO employs a disciplined capital-recycling strategy, having recently sold two properties for a total of approximately $114.5 million and acquired another industrial property in Los Angeles for around $10 million [4] - As of May 6, 2025, TRNO has acquisitions worth about $49 million under contract and nearly $75.8 million under letters of intent, indicating ongoing expansion efforts [4] Market Positioning - The company is well-positioned to enhance its portfolio across 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 show strong demographic trends and demand for industrial real estate [5] - Despite the positive positioning, macroeconomic uncertainties and tariff issues are noted as potential concerns for the industry [5] Stock Performance - TRNO shares have increased by 5.5% over the past month, outperforming the industry average increase of 2.2% [6]

Key Takeaways TRNO acquired an industrial property in Queens, NY, for $16M with an estimated 3.9% stabilized cap rate. The 36,000-sq-ft property is 100% leased to an insulation distributor through May 2028. The site's location at 11-40 Borden Avenue is likely to lure tenants, making the acquisition a strategic fit. Terreno Realty (TRNO) has announced the acquisition of an industrial property in Long Island City, Queens, NY, for $16 million, in line with its acquisition-driven growth strategy. The transact ...

Core Insights - Terreno Realty (TRNO) announced the acquisition of an industrial property in Los Angeles for approximately $10 million, with an estimated stabilized cap rate of 6.4% [1][8] - The property, located at 11100 Hindry Avenue, consists of a 34,000 square foot industrial flex building on 1.5 acres, fully leased to four tenants until September 2028, and is strategically positioned near Los Angeles International Airport [2] Company Strategy - TRNO is actively restructuring its portfolio by divesting non-core assets and pursuing value-accretive investments, which is expected to support long-term revenue growth [3][8] - In May 2025, TRNO sold two properties for a total of approximately $114.5 million, and as of May 6, 2025, had acquisitions worth around $49 million under contract and nearly $75.8 million under letters of intent [3][8] Development Projects - As of March 31, 2025, TRNO has five properties under development or redevelopment, which will include eight buildings totaling around 0.8 million square feet, with 48% pre-leased [4] - The company also holds approximately 22.4 acres of land for future developments, with an estimated investment value of around $392.8 million [4] Market Position - TRNO is positioned to enhance its portfolio across 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 [5] - Despite these expansion efforts, TRNO's shares have only increased by 1.1% year-to-date, underperforming the industry average increase of 3.6% [5]