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 |
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
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 a 3.0-acre improved land parcel in Rancho Dominguez, California with a provider of environmental and regulated waste management services. The lease commenced on May 20, 2025 and will expire May 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 Area; Seattle; and Washington, D.C. Additional information about Terreno Realty Corporation is available on the company's web sit
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 renewal for 53,000 square feet in Washington, D.C. with the United States Postal Service. The renewal lease will commence June 1, 2025 and expire June 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 Statemen
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 70,000 square feet in Woodinville, Washington with a designer and manufacturer of camera movement systems and stabilizers for unmanned aerial cinematography and remote controlled vehicles. The lease will commence June 30, 2025 and 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 Rea
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, 2025 of $0.49 per common share. The dividend will be payable on July 11, 2025 to common stockholders of record at the close of business on June 27, 2025. Terreno Realty Corporation filed its quarterly report on Form 10-Q for the quarter ended March 31, 2025 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 Corpora
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 April 24, 2025 for a purchase price of approximately $7.6 million. The property consists of one industrial distribution building containing approximately 20,000 square feet on 0.5 acres. The property is at 43-27 33rd Street, adjacent to New York State Route 25 (Queens Boulevard) and approximately one mile from the Queensboro (59th Street) Bridge, and provides four grade-level loading positions. The property is 100% leased through December 2027 to a commercial bakery and kitchen an
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 Redmond, Washington on April 9, 2025 for a purchase price of approximately $9.3 million. The property consists of one industrial distribution building containing approximately 33,000 square feet on 1.5 acres. The property is at 9660 153rd Avenue NE on Seattle's Eastside, provides two dock-high and one grade-level loading positions and parking for 30 cars. The property is 100% leased on a short-term basis. After the existing tenant vacates, the property will be renovated to contain approximately 26,000 square feet. Th
96.6% quarter-end occupancy compared to prior quarter of 97.4% and prior year of 96.2% 97.4% quarter-end same-store occupancy compared to prior quarter of 98.3% and prior year of 96.3% 34.2% increase in cash rents on new and renewed leases and tenant retention ratio of 71.7% Sold two properties for $24.9 million Completed the development and stabilization of one property with a total investment of $41.3 million Issued 3,506,371 shares of common stock under ATM for gross proceeds of $237.4 million ($67.71 per share) 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, i
— Countyline Building 33 100% leased — Countyline Phase IV 56% complete and stabilized 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 leased 100% of Countyline Corporate Park Phase IV Building 33 in Hialeah, Florida. A seven-year lease for 105,000 square feet, with a third-party logistics provider, commenced upon completion of building construction and tenant improvements in March 2025. In addition, Terreno Realty Corporation has signed leases for 28,000 square feet with a business-to-business food purveyor and 24,000 square feet with a distributor of specialty elevator parts.
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
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
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 a 3.0-acre improved land parcel in Rancho Dominguez, California with a provider of environmental and regulated waste management services. The lease commenced on May 20, 2025 and will expire May 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 Area; Seattle; and Washington, D.C. Additional information about Terreno Realty Corporation is available on the company's web sit
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 renewal for 53,000 square feet in Washington, D.C. with the United States Postal Service. The renewal lease will commence June 1, 2025 and expire June 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 Statemen
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 70,000 square feet in Woodinville, Washington with a designer and manufacturer of camera movement systems and stabilizers for unmanned aerial cinematography and remote controlled vehicles. The lease will commence June 30, 2025 and 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 Rea
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, 2025 of $0.49 per common share. The dividend will be payable on July 11, 2025 to common stockholders of record at the close of business on June 27, 2025. Terreno Realty Corporation filed its quarterly report on Form 10-Q for the quarter ended March 31, 2025 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 Corpora
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 April 24, 2025 for a purchase price of approximately $7.6 million. The property consists of one industrial distribution building containing approximately 20,000 square feet on 0.5 acres. The property is at 43-27 33rd Street, adjacent to New York State Route 25 (Queens Boulevard) and approximately one mile from the Queensboro (59th Street) Bridge, and provides four grade-level loading positions. The property is 100% leased through December 2027 to a commercial bakery and kitchen an
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 Redmond, Washington on April 9, 2025 for a purchase price of approximately $9.3 million. The property consists of one industrial distribution building containing approximately 33,000 square feet on 1.5 acres. The property is at 9660 153rd Avenue NE on Seattle's Eastside, provides two dock-high and one grade-level loading positions and parking for 30 cars. The property is 100% leased on a short-term basis. After the existing tenant vacates, the property will be renovated to contain approximately 26,000 square feet. Th
96.6% quarter-end occupancy compared to prior quarter of 97.4% and prior year of 96.2% 97.4% quarter-end same-store occupancy compared to prior quarter of 98.3% and prior year of 96.3% 34.2% increase in cash rents on new and renewed leases and tenant retention ratio of 71.7% Sold two properties for $24.9 million Completed the development and stabilization of one property with a total investment of $41.3 million Issued 3,506,371 shares of common stock under ATM for gross proceeds of $237.4 million ($67.71 per share) 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, i
— Countyline Building 33 100% leased — Countyline Phase IV 56% complete and stabilized 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 leased 100% of Countyline Corporate Park Phase IV Building 33 in Hialeah, Florida. A seven-year lease for 105,000 square feet, with a third-party logistics provider, commenced upon completion of building construction and tenant improvements in March 2025. In addition, Terreno Realty Corporation has signed leases for 28,000 square feet with a business-to-business food purveyor and 24,000 square feet with a distributor of specialty elevator parts.
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
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4 - Terreno Realty Corp (0001476150) (Issuer)
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