Terreno Realty

Terreno Realty Corp. operates as a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W. Blake Baird on November 6, 2009 and is headquartered in Bellevue, WA.

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Terreno Realty Corp. is a real estate company, which engages in the acquisition, ownership, and operation of industrial properties. It invests in several types of industrial real estate, including warehouse and distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W. Blake Baird on November 6, 2009 and is headquartered in Bellevue, WA.

TRNO acquires another industrial property in New York to fructify its portfolio expansion efforts amid healthy demand for its asset base.

Terreno Realty Expands Portfolio With Property Buyout in Brooklyn

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Brooklyn, NY, for $156.3 Million.

Terreno Realty Corporation Acquires Property in Brooklyn, NY, for $156.3 Million

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Newark, NJ for $29.8 Million.

Terreno Realty Corporation Sells Property in Newark, NJ for $29.8 Million

TRNO's buyout of industrial property in Long Island City Queens, NY, and recent developments come as part of its portfolio expansion efforts.

Terreno Boosts Portfolio With Acquisition in Long Island City Queens

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BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Long Island City Queens, NY for $7.6 Million.

Terreno Realty Corporation Acquires Property in Long Island City Queens, NY for $7.6 Million

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Terreno Realty shifted focus from nominal growth to deleveraging, raising questions about internal valuation. The company has a distinguished and so far successful long-term investment philosophy. Despite high valuations, Terreno has issued more shares than assets purchased, suggesting management believes current valuations are rich and possibly overstretched.

Terreno Realty: Mixed Signals

TRNO's securing of a new lease with a leading national wholesale tire distributor at Avenel, NJ, highlights healthy demand for its properties.

Terreno Realty Announces Lease at Avenel, Sees Healthy Demand

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Avenel, NJ.

Terreno Realty Corporation Announces Lease in Avenel, NJ

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Doral, FL, for $20.6 Million.

Terreno Realty Corporation Sells Property in Doral, FL, for $20.6 Million

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Development Completion in Hialeah, FL.

Terreno Realty Corporation Announces Development Completion in Hialeah, FL

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Redevelopment Completion in Hawthorne, CA.

Terreno Realty Corporation Announces Redevelopment Completion in Hawthorne, CA

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Union City, CA for $13.0 Million.

Terreno Realty Corporation Sells Property in Union City, CA for $13.0 Million

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease Renewal in Jamaica Queens, NY.

Terreno Realty Corporation Announces Lease Renewal in Jamaica Queens, NY

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Declares Quarterly Dividend, Announces New Stock Repurchase Program and Files Third Quarter 2024 Financial Statements.

Terreno Realty Corporation Declares Quarterly Dividend, Announces New Stock Repurchase Program and Files Third Quarter 2024 Financial Statements

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Development Start in Hialeah, FL -Building 34 70% pre-leased.

Terreno Realty Corporation Announces Development Start in Hialeah, FL

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity.

Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity

On September 30, 2024, FMR LLC (Trades, Portfolio), a prominent investment firm, expanded its holdings in Terreno Realty Corp (TRNO, Financial) by acquiring an additional 1,460,862 shares. This transaction, executed at a price of $66.83 per share, increased FMR LLC (Trades, Portfolio)'s total stake in the company to 10,563,453 shares, reflecting a significant commitment to TRNO within its diverse portfolio.

FMR LLC Bolsters Stake in Terreno Realty Corp

TRNO completes the development and stabilization of Building 39 in Hialeah, FL, poising it well to capitalize on favorable industrial real estate market fundamentals.

Terreno Concludes Development of Distribution Building in Hialeah

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Elizabeth, NJ.

Terreno Realty Corporation Announces Lease in Elizabeth, NJ

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Closes $800 Million Unsecured Credit Facility.

Terreno Realty Corporation Closes $800 Million Unsecured Credit Facility

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Terreno Realty Corporation operates in high-density coastal markets with a strong portfolio, focusing on warehouse, light industrial, R&D, and transshipment properties. Despite market oversupply and cooling demand, TRNO maintains a 96% occupancy rate and achieves significant cash rent increases upon lease expirations. TRNO's short-term weighted average lease term allows for rapid rent adjustments, benefiting from market improvements and potential interest rate cuts.

Terreno Realty: Valuation Premium Makes It Inferior Pick In The Industrial Sector

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