NYSE:TRNO

Terreno Realty Corporation Declares Quarterly Dividend and Files First Quarter 2024 Financial Statements

Retrieved on: 
Wednesday, May 8, 2024
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Risk, Bank statement, Annual report

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending June 30, 2024 of $0.45 per common share.

Key Points: 
  • Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending June 30, 2024 of $0.45 per common share.
  • The dividend will be payable on July 12, 2024 to common stockholders of record at the close of business on June 28, 2024.
  • Terreno Realty Corporation filed its quarterly report on Form 10-Q for the quarter ended March 31, 2024 with the U.S. Securities and Exchange Commission.
  • The financial statements and supplemental financial information are available in the Investors & Media section of Terreno Realty Corporation’s website, www.terreno.com .

Terreno Realty Corporation Acquires Portfolio in New York City, Northern New Jersey, San Francisco and Los Angeles for Approximately $365 Million

Retrieved on: 
Thursday, May 2, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Public expenditure, Total, Goldman Sachs, Acquisition

The portfolio of 28 buildings containing approximately 1.2 million square feet is 91.6% leased to 70 tenants.

Key Points: 
  • The portfolio of 28 buildings containing approximately 1.2 million square feet is 91.6% leased to 70 tenants.
  • The in-place cap rate is 4.3%, the estimated stabilized cap rate is 5.0% and the estimated stabilized cap rate adjusting to today’s market rents is 5.8%.
  • Goldman Sachs & Co. LLC acted as financial advisor to Terreno Realty Corporation on the acquisition.
  • Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.

Terreno Realty Corporation Announces Development Completion in Hialeah, FL

Retrieved on: 
Thursday, April 25, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Total, Certification, Risk, Annual report, Public expenditure, LEED, Acquisition, NW

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has completed the development of Countyline Corporate Park Phase IV Building 38 in Hialeah, Florida.

Key Points: 
  • Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has completed the development of Countyline Corporate Park Phase IV Building 38 in Hialeah, Florida.
  • Building 38 of Terreno Realty Corporation’s Countyline Corporate Park is a 506,000 square foot 36-foot clear height cross-dock industrial distribution building on 27.6 acres with 105 dock-high and four grade-level loading positions and parking for 360 cars.
  • Taken together, Terreno Realty Corporation’s Countyline Corporate Park Phase III and IV will contain 17 industrial distribution buildings and 3.5 million square feet.
  • Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.

Terreno Realty Corporation Announces Development Start in Hialeah, FL

Retrieved on: 
Friday, April 12, 2024
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Total, Certification, Risk, Annual report, Public expenditure, LEED, Acquisition, NW

Building 31 of Terreno Realty Corporation’s Countyline Corporate Park is a 162,000 square foot 36-foot clear height rear-load industrial distribution building on 10.0 acres with 53 dock-high and two grade-level loading positions and parking for 140 cars.

Key Points: 
  • Building 31 of Terreno Realty Corporation’s Countyline Corporate Park is a 162,000 square foot 36-foot clear height rear-load industrial distribution building on 10.0 acres with 53 dock-high and two grade-level loading positions and parking for 140 cars.
  • Building 31 is expected to achieve LEED certification, the total expected investment is $42.1 million and the estimated stabilized cap rate is 6.0%.
  • Taken together, Terreno Realty Corporation’s Countyline Corporate Park Phase III and IV will contain 17 industrial distribution buildings and 3.5 million square feet.
  • Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.
    Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

Terreno Realty Corporation Acquires Property in Alexandria, VA for $84.3 Million

Retrieved on: 
Tuesday, April 16, 2024
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Acquisition, Public expenditure, Risk, Annual report, Total, Capital Beltway

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Alexandria, Virginia on April 15, 2024 for a purchase price of approximately $84.3 million.

Key Points: 
  • Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Alexandria, Virginia on April 15, 2024 for a purchase price of approximately $84.3 million.
  • The property consists of four industrial distribution buildings containing approximately 357,000 square feet on 19.1 acres.
  • The property is 100% leased to 21 tenants, with all leases expiring by 2031, and the estimated stabilized cap rate is 5.3%.
  • Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.

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

Retrieved on: 
Tuesday, April 9, 2024
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Certification, Tenant, Sale, I-405, LEED, Share repurchase, Self storage

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the first quarter of 2024.

Key Points: 
  • Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the first quarter of 2024.
  • During the first quarter of 2024, Terreno Realty Corporation acquired two properties consisting of two buildings aggregating approximately 40,000 square feet for an aggregate purchase price of approximately $18.5 million.
  • Terreno Realty Corporation has one $100 million senior unsecured note maturing in 2024 and no debt maturing in 2025.
  • Terreno Realty Corporation expects to file its quarterly report on Form 10-Q for the quarter ended March 31, 2024 on or about May 8, 2024.

Terreno Realty Corporation Announces Offering of 5,000,000 Shares of Common Stock

Retrieved on: 
Monday, March 25, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Goldman Sachs, Telephone, Sale, Acquisition, Security (finance), Prospectus, Syndicate, KeyBank, 7th Floor, ATTN:

Terreno Realty Corporation (NYSE: TRNO) (the “Company”), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has commenced an offering of 5,000,000 shares of its common stock.

Key Points: 
  • Terreno Realty Corporation (NYSE: TRNO) (the “Company”), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has commenced an offering of 5,000,000 shares of its common stock.
  • The underwriters will be granted a 30-day option to purchase up to an additional 750,000 shares of common stock.
  • Goldman Sachs & Co. LLC and KeyBanc Capital Markets Inc. are serving as underwriters for the offering.
  • The offering will be made only by means of a prospectus and prospectus supplement.

Terreno Realty Corporation Upsizes and Prices Equity Offering

Retrieved on: 
Tuesday, March 26, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Goldman Sachs, Telephone, Sale, Acquisition, Security (finance), Prospectus, Syndicate, KeyBank, 7th Floor, ATTN:

The underwriters have been granted a 30-day option to purchase up to an additional 825,000 shares of common stock.

Key Points: 
  • The underwriters have been granted a 30-day option to purchase up to an additional 825,000 shares of common stock.
  • This reflects an upsizing of the previously announced offering of 5,000,000 shares of common stock.
  • Goldman Sachs & Co. LLC and KeyBanc Capital Markets Inc. are serving as underwriters for the offering.
  • The offering of these securities is being made pursuant to an effective shelf registration statement.

Terreno Realty Corporation Sells Property in Seattle, WA for $11.0 Million

Retrieved on: 
Monday, April 1, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Risk, Tenant, Sale, Annual report

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Seattle, Washington on March 29, 2024 for a sale price of approximately $11.0 million.

Key Points: 
  • Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Seattle, Washington on March 29, 2024 for a sale price of approximately $11.0 million.
  • The property consists of a 25,000 square foot industrial distribution building on 1.5 acres which is 100% leased to one tenant.
  • The property was purchased by Terreno Realty Corporation on May 6, 2016 for approximately $4.7 million.
  • Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.

Terreno Realty Corporation Acquires Property in Brooklyn, NY for $12.0 Million

Retrieved on: 
Monday, March 25, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Risk, Annual report, Acquisition, Public expenditure, Total

The property consists of one industrial distribution building containing approximately 24,000 square feet on 0.7 acres.

Key Points: 
  • The property consists of one industrial distribution building containing approximately 24,000 square feet on 0.7 acres.
  • The property is at 181 Lombardy Street adjacent to the Brooklyn-Queens Expressway, provides one dock-high and one grade-level loading position and parking for 10 cars.
  • The property is vacant and the estimated stabilized cap rate is 5.7%.
  • Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.