Terreno Realty Announces Lease at Avenel, Sees Healthy Demand
TRNO's securing of a new lease with a leading national wholesale tire distributor at Avenel, NJ, highlights healthy demand for its properties.
FMR LLC Bolsters Stake in Terreno Realty Corp
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.
Terreno Concludes Development of Distribution Building in Hialeah
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 Realty: Valuation Premium Makes It Inferior Pick In The Industrial Sector
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: Strong NOI Growth Is Already Priced In
Terreno Realty is an industrial REIT focused on Warehouse/distribution properties, with the company's largest market being Northern New Jersey/New York City. The shares have marginally outperformed the Vanguard Real Estate Index Fund so far in 2024, delivering a 12% total return. I expect the company to perform in line with real estate ETFs going forward, with positives such as strong NOI growth offset by an expensive valuation and low gearing.
Terreno Realty Announces Lease Renewal, Sees Decent Demand
TRNO executed an early lease renewal in Sunnyvale, CA, with a leading molecular diagnostic testing provider.
Terreno (TRNO) Leases San Leandro Property, Sees Decent Demand
Terreno's (TRNO) latest leasing activities highlight healthy demand for the company's properties.
This 3%-Yielding Real Estate Stock Just Raised Its Dividend Again. Is It a Buy Before Its Next Raise?
Terreno Realty just increased its dividend by nearly 9%. The industrial REIT has delivered robust dividend growth over the years.
Terreno (TRNO) Announces Lease Renewal, Sees Decent Demand
Terreno's (TRNO) securing of renewal lease with a global supplier of automotive parts, components and technologies at Torrance, CA, highlights healthy demand for its properties.
Terreno Realty (TRNO) Sees Rent Growth in Q2, Occupancy Declines
Terreno Realty's (TRNO) Q2 operating results witness solid rent growth on new and renewed leases, though occupancy declines because of acquired vacancy.
Terreno Realty (TRNO) Concludes Development of Hialeah Property
Terreno (TRNO) completes the development and stabilization of Building 40 in Hialeah, FL. The move poises it well to capitalize on the favorable industrial real estate market fundamentals.
Terreno (TRNO) Announces Renewal & Expansion Lease at Fremont
Terreno's (TRNO) securing of renewal and expansion lease with Advanced Air Mobility provider at Fremont, CA, highlights healthy demand for its properties.
