TRNO snaps up a fully leased Los Angeles industrial property for $10M, boosting its strategic coastal portfolio.
TRNO disposes of an industrial property in Commerce, CA, aiming to achieve financial flexibility and long-term growth.
TRNO sells vacant Bellevue asset for $17.5M, locking in 11.1% IRR and boosting portfolio flexibility for future growth.
TRNO secures a 53,000-square-foot lease renewal from the United States Postal Service in Washington, D.C., highlighting healthy demand for its properties.
Terreno Realty's has a sound long-term investment philosophy and a focus on coastal industrial real estate, with a track record which backs this up. The company reported 2024 rental revenues of $382 million, driven by same-store rent growth and acquisitions, with adjusted FFO rising to $2.42 per share. Despite a strong balance sheet, recent aggressive acquisitions at lower cap rates raise concerns about sustaining long-term value creation.
Terreno's acquisition of industrial properties is likely to aid it in banking on solid industrial real estate market tailwinds.
Terreno (TRNO) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might not help the stock continue moving higher in the near term.
TRNO's Q1 updates highlight higher rents and improved occupancy year over year amid healthy demand for industrial real estate assets.
TRNO's securing of a 100% lease of Countyline Corporate Park Phase IV Building 33 in Hialeah, FL, reflects solid demand for its properties.
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Leases in Hialeah, FL.
Terreno Realty is a "wide moat" REIT with superior location advantages in six major U.S. coastal markets, driving strong market rent performance. TRNO boasts a conservative capital structure with low net debt/EBITDA and minimal refinancing headwinds, enhancing its financial stability and growth potential. TRNO's superior real estate and defensive balance sheet lead to attractive operating fundamentals, with analysts forecasting 10% growth in 2025, outperforming peers.
TRNO redevelops property in Santa Ana, CA, boosting its portfolio to cater to tenants' demand.