Terreno Realty Corporation and together with its subsidiaries, the ÂCompanyÂ) 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. All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited. As of September 30, 2020, the Company owned 219 buildings aggregating approximately 13.1 million square feet, 22 improved land parcels consisting of approximately 85.0 acres and one property under redevelopment expected to contain approximately 0.2 million square feet upon completion. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (ÂREITÂ) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the ÂCodeÂ), commencing with its taxable year ended December 31, 2010.
IPO Year: 2010
Exchange: NYSE
Website: terreno.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/7/2025 | $61.00 | Overweight → Neutral | Piper Sandler |
| 2/21/2025 | $65.00 → $77.00 | Neutral → Buy | Goldman |
| 2/4/2025 | $71.00 | Market Perform | BMO Capital Markets |
| 1/14/2025 | $60.00 | Hold | Deutsche Bank |
| 1/13/2025 | $68.00 → $60.00 | Overweight → Equal Weight | Barclays |
| 9/5/2024 | $62.00 | Neutral → Underperform | Mizuho |
| 8/28/2024 | $71.00 → $75.00 | Overweight → Equal Weight | Wells Fargo |
| 6/4/2024 | $68.00 | Outperform | Exane BNP Paribas |
| 3/27/2024 | $71.00 | Overweight | Barclays |
| 12/7/2023 | $71.00 | Overweight | Wells Fargo |
8-K - Terreno Realty Corp (0001476150) (Filer)
10-Q - Terreno Realty Corp (0001476150) (Filer)
DEFA14A - Terreno Realty Corp (0001476150) (Filer)
DEF 14A - Terreno Realty Corp (0001476150) (Filer)
10-K - Terreno Realty Corp (0001476150) (Filer)
SCHEDULE 13G - Terreno Realty Corp (0001476150) (Subject)
SCHEDULE 13G/A - Terreno Realty Corp (0001476150) (Subject)
8-K - Terreno Realty Corp (0001476150) (Filer)
10-Q - Terreno Realty Corp (0001476150) (Filer)
8-K - Terreno Realty Corp (0001476150) (Filer)
97.7% quarter-end occupancy compared to prior quarter of 96.6% and prior year of 96.0% 98.5% quarter-end same-store occupancy compared to prior quarter of 97.4% and prior year of 96.1% 22.6% increase in cash rents on new and renewed leases; 26.8% increase year-to-date $123.5 million of acquisitions; $123.5 million year-to-date $445.3 million of acquisitions under contract or letter of intent $114.5 million of dispositions; $139.4 million year-to-date $240.8 million of dispositions under contract or access agreement No shares of common stock issued under the ATM during the second quarter Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator o
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 executed a renewal lease for 35,000 square feet and an expansion lease for 30,000 square feet in Santa Clara, California, with a designer and developer of eVTOL aircraft. The renewal lease will commence upon expiration of the existing lease in September 2025 and the expansion lease will commence in August 2025. Both leases will expire August 2028. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay
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 Long Island City, Queens, New York on June 30, 2025 for a purchase price of approximately $31.1 million. The property consists of one industrial distribution building containing approximately 48,000 square feet on 2.2 acres. The property is at 49-10 27th Street, adjacent to the entrance to the Queens-Midtown Tunnel, and provides ten dock-high and 14 grade-level loading positions. The property is vacant. Upon acquisition Terreno Realty Corporation will substantially renovate the building including new truck loading c
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 executed a lease for 81,000 square feet in Avenel, New Jersey with a third-party logistics provider. The lease commences on June 30, 2025 and will expire November 2030. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle and Washington, D.C. Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com. Forward-Looking Statements
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 executed a lease for 103,000 square feet in Redondo Beach, California with a provider of in-space mobility. The lease will commence in stages between July and October 2025 and expire October 2035. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle; 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 (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Santa Ana, California on June 20, 2025 for a purchase price of approximately $49.5 million. The property consists of one industrial distribution building containing approximately 134,000 square feet on 12.1 acres of industrial zoned land. The property is currently 100% leased to a major home improvement retailer and operated as a retail location. The property is at 3500 West MacArthur Boulevard, adjacent to I-405 in Orange County, and provides seven dock-high and three grade-level loading positions. The estimated st
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 Long Island City Queens, New York on June 18, 2025 for a purchase price of approximately $16.0 million. The property consists of one industrial distribution building containing approximately 36,000 square feet on 1.0 acres. The property is at 11-40 Borden Avenue, adjacent to the entrance to the Queens-Midtown Tunnel and the Pulaski Bridge, and provides two dock-high and one van-level loading positions. The property is 100% leased through May 2028 to an insulation distributor and the estimated stabilized cap rate is
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 Los Angeles, California on June 6, 2025 for a purchase price of approximately $10.0 million. The property consists of one industrial flex building containing approximately 34,000 square feet on 1.5 acres. The property is at 11100 Hindry Avenue, west of I-405 and adjacent to Los Angeles International Airport, and provides two dock-high and five grade-level loading positions. The property is 100% leased to four tenants all of which expire by September 2028 and the estimated stabilized cap rate is 6.4%. Estimated sta
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 Commerce, California on May 22, 2025 for a sale price of approximately $97.0 million. The property consists of five multi-tenant industrial buildings containing approximately 545,000 square feet on 24.0 acres which are 99% leased to 12 tenants. The property was purchased by Terreno Realty Corporation on May 30, 2012 for $52.4 million. The unleveraged internal rate of return generated by the investment was 9.5%. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. market
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 Bellevue, Washington on May 22, 2025 for a sale price of approximately $17.5 million. The property consists of one industrial flex building containing approximately 39,000 square feet on 2.1 acres which is vacant. The property was purchased by Terreno Realty Corporation on November 6, 2020 for $11.7 million. The unleveraged internal rate of return generated by the investment was 11.1%. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern
Piper Sandler downgraded Terreno Realty from Overweight to Neutral and set a new price target of $61.00
Goldman upgraded Terreno Realty from Neutral to Buy and set a new price target of $77.00 from $65.00 previously
BMO Capital Markets initiated coverage of Terreno Realty with a rating of Market Perform and set a new price target of $71.00
Deutsche Bank initiated coverage of Terreno Realty with a rating of Hold and set a new price target of $60.00
Barclays downgraded Terreno Realty from Overweight to Equal Weight and set a new price target of $60.00 from $68.00 previously
Mizuho downgraded Terreno Realty from Neutral to Underperform and set a new price target of $62.00
Wells Fargo downgraded Terreno Realty from Overweight to Equal Weight and set a new price target of $75.00 from $71.00 previously
Exane BNP Paribas initiated coverage of Terreno Realty with a rating of Outperform and set a new price target of $68.00
Barclays initiated coverage of Terreno Realty with a rating of Overweight and set a new price target of $71.00
Wells Fargo initiated coverage of Terreno Realty with a rating of Overweight and set a new price target of $71.00
NEW YORK, Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t
97.7% quarter-end occupancy compared to prior quarter of 96.6% and prior year of 96.0% 98.5% quarter-end same-store occupancy compared to prior quarter of 97.4% and prior year of 96.1% 22.6% increase in cash rents on new and renewed leases; 26.8% increase year-to-date $123.5 million of acquisitions; $123.5 million year-to-date $445.3 million of acquisitions under contract or letter of intent $114.5 million of dispositions; $139.4 million year-to-date $240.8 million of dispositions under contract or access agreement No shares of common stock issued under the ATM during the second quarter Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator o
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 executed a renewal lease for 35,000 square feet and an expansion lease for 30,000 square feet in Santa Clara, California, with a designer and developer of eVTOL aircraft. The renewal lease will commence upon expiration of the existing lease in September 2025 and the expansion lease will commence in August 2025. Both leases will expire August 2028. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay
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 Long Island City, Queens, New York on June 30, 2025 for a purchase price of approximately $31.1 million. The property consists of one industrial distribution building containing approximately 48,000 square feet on 2.2 acres. The property is at 49-10 27th Street, adjacent to the entrance to the Queens-Midtown Tunnel, and provides ten dock-high and 14 grade-level loading positions. The property is vacant. Upon acquisition Terreno Realty Corporation will substantially renovate the building including new truck loading c
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 executed a lease for 81,000 square feet in Avenel, New Jersey with a third-party logistics provider. The lease commences on June 30, 2025 and will expire November 2030. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle and Washington, D.C. Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com. Forward-Looking Statements
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 executed a lease for 103,000 square feet in Redondo Beach, California with a provider of in-space mobility. The lease will commence in stages between July and October 2025 and expire October 2035. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle; 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 (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Santa Ana, California on June 20, 2025 for a purchase price of approximately $49.5 million. The property consists of one industrial distribution building containing approximately 134,000 square feet on 12.1 acres of industrial zoned land. The property is currently 100% leased to a major home improvement retailer and operated as a retail location. The property is at 3500 West MacArthur Boulevard, adjacent to I-405 in Orange County, and provides seven dock-high and three grade-level loading positions. The estimated st
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 Long Island City Queens, New York on June 18, 2025 for a purchase price of approximately $16.0 million. The property consists of one industrial distribution building containing approximately 36,000 square feet on 1.0 acres. The property is at 11-40 Borden Avenue, adjacent to the entrance to the Queens-Midtown Tunnel and the Pulaski Bridge, and provides two dock-high and one van-level loading positions. The property is 100% leased through May 2028 to an insulation distributor and the estimated stabilized cap rate is
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 Los Angeles, California on June 6, 2025 for a purchase price of approximately $10.0 million. The property consists of one industrial flex building containing approximately 34,000 square feet on 1.5 acres. The property is at 11100 Hindry Avenue, west of I-405 and adjacent to Los Angeles International Airport, and provides two dock-high and five grade-level loading positions. The property is 100% leased to four tenants all of which expire by September 2028 and the estimated stabilized cap rate is 6.4%. Estimated sta
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 Commerce, California on May 22, 2025 for a sale price of approximately $97.0 million. The property consists of five multi-tenant industrial buildings containing approximately 545,000 square feet on 24.0 acres which are 99% leased to 12 tenants. The property was purchased by Terreno Realty Corporation on May 30, 2012 for $52.4 million. The unleveraged internal rate of return generated by the investment was 9.5%. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. market
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 Bellevue, Washington on May 22, 2025 for a sale price of approximately $17.5 million. The property consists of one industrial flex building containing approximately 39,000 square feet on 2.1 acres which is vacant. The property was purchased by Terreno Realty Corporation on November 6, 2020 for $11.7 million. The unleveraged internal rate of return generated by the investment was 11.1%. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern
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