TRNO targets high-demand coastal hubs with recent acquisitions in New York and California, reinforcing its industrial real estate strategy.
TRNO executes an 81K sq ft lease with a third-party logistics provider, extending its strong industrial leasing momentum into 2025.
TRNO inks a 103K sq ft lease with a space mobility firm, extending its strong industrial leasing momentum into 2025.
TRNO takes over a fully leased Santa Ana asset for $49.5M, expanding its coastal portfolio through strategic acquisitions.
TRNO's recent spate of acquisitions of industrial properties is likely to aid it in banking on solid industrial real estate market tailwinds.
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.