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 |
|---|---|---|---|
| 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 |
| 10/3/2023 | $60.00 | Neutral | Wedbush |
| 7/19/2023 | $63.00 | Neutral | Citigroup |
| 7/11/2023 | $65.00 | Neutral | Goldman |
| 10/17/2022 | $73.00 → $54.00 | Sector Outperform → Sector Perform | Scotiabank |
| 10/13/2022 | $62.00 | Buy | Stifel |
4 - Terreno Realty Corp (0001476150) (Issuer)
4 - Terreno Realty Corp (0001476150) (Issuer)
4 - Terreno Realty Corp (0001476150) (Issuer)
4 - Terreno Realty Corp (0001476150) (Issuer)
4 - Terreno Realty Corp (0001476150) (Issuer)
4 - Terreno Realty Corp (0001476150) (Issuer)
4 - Terreno Realty Corp (0001476150) (Issuer)
4 - Terreno Realty Corp (0001476150) (Issuer)
4 - Terreno Realty Corp (0001476150) (Issuer)
4 - Terreno Realty Corp (0001476150) (Issuer)
SC 13G/A - Terreno Realty Corp (0001476150) (Subject)
SC 13G/A - Terreno Realty Corp (0001476150) (Subject)
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SC 13G/A - Terreno Realty Corp (0001476150) (Subject)
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SC 13G - Terreno Realty Corp (0001476150) (Subject)
SC 13G/A - Terreno Realty Corp (0001476150) (Subject)
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SC 13G - Terreno Realty Corp (0001476150) (Subject)
-Countyline Corporate Park Phase IV Building 31 100% leased 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 completed the development and stabilization of Countyline Corporate Park Phase IV Building 31 in Hialeah, Florida effective November 21, 2024. Building 31 is 100% leased to one tenant. Building 31 of Terreno Realty Corporation's Countyline Corporate Park is a 162,000 square foot 36-foot clear height rear-load industrial distribution building on 10.0 acres with 53 dock-high and two grade-level loading positions and parking for 140 cars. The building is expected to achieve
-New development 100% leased at building completion 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 completed the redevelopment and stabilization of Terreno 147th Street in Hawthorne, California effective November 15, 2024. Terreno 147th Street, formerly an improved land parcel, is a 31,000 square foot industrial distribution building on 1.3 acres with four dock-high and one grade-level loading positions and parking for 35 cars, including four electric car charging positions. The property is 100% leased to an atomic energy company commencing with building completion and ending
Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold the flex industrial portion of a seven-building Terreno Realty Corporation property located in Union City, California on November 14, 2024 for a sale price of approximately $13.0 million. The property consists of two industrial flex buildings containing 37,000 square feet on 3.9 acres which are 100% leased to 20 tenants. The property was purchased by Terreno Realty Corporation on December 10, 2014 for approximately $5.1 million. The unleveraged internal rate of return generated by the investment was 18.8%. Terreno Realty Corporation acquires, owns and
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 an early lease renewal in Jamaica Queens, New York with a manufacturer of pre-cooked meals. The lease of 50,000 square feet, which was to expire in September 2026, will now expire September 2036. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Northern New Jersey/New York City; 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.
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 December 31, 2024 of $0.49 per common share. The dividend will be payable on January 7, 2025 to common stockholders of record at the close of business on December 13, 2024. The Board of Directors approved a share repurchase program authorizing Terreno Realty Corporation to repurchase up to 3,000,000 shares of its outstanding common stock from time to time through December 31, 2026. Purchases made pursuant to this program, if any, will be made in either the open market or in privately negotiated transacti
-Building 34 70% pre-leased 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 commenced construction of Countyline Corporate Park Phase IV Building 34 in Hialeah, Florida. Building 34 of Terreno Realty Corporation's Countyline Corporate Park is a 220,000 square foot 36-foot clear height rear-load industrial distribution building on 13.0 acres with 76 dock-high and two grade-level loading positions and parking for 188 cars. Building 34 has been 70% pre-leased to a cruise ship industry provider of non-perishable food items and food service supplies commencing with building completio
97.0% quarter-end occupancy compared to prior quarter of 96.0% and prior year of 98.3% 97.3% quarter-end same-store occupancy compared to prior quarter of 96.0% and prior year of 98.4% 24.1% increase in cash rents on new and renewed leases; 40.5% increase year-to-date $7.6 million of acquisitions; $474.9 million year-to-date Completed the development and stabilization of Countyline Corporate Park Building 39 containing 178,000 square feet Issued 2,976,266 shares of common stock under ATM for gross proceeds of $204.5 million Increased revolving credit facility borrowing capacity by $200 million to $600 million; extended term Increased dividend 8.9% Terreno Realty Cor
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 75,000 square feet in Elizabeth, New Jersey with a third-party logistics provider. The lease commenced on September 30, 2024 and will expire January 2028. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Northern New Jersey/New York City; 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 Stateme
-Countyline Corporate Park Phase IV Building 39 100% leased 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 completed the development and stabilization of Countyline Corporate Park Phase IV Building 39 in Hialeah, Florida effective September 30, 2024. Building 39 is 100% leased to one tenant. Building 39 of Terreno Realty Corporation's Countyline Corporate Park is a 178,000 square foot 36-foot clear height industrial distribution building on 10.9 acres with 58 dock-high and two grade-level loading positions and parking for 156 cars. The building is expected to achieve LEED certi
Revolving credit facility increased by $200 million Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the closing of an $800 million senior amended and restated unsecured credit facility (the "Facility") to replace its existing $600 million senior unsecured credit facility, including an increase in borrowing capacity under its revolving credit facility by $200 million to $600 million (previously $400 million). In connection with the closing, the maturity of the revolving credit facility was extended to January 2029. As of September 24, 2024, there were no borrowings outstanding under Terren
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
Wedbush initiated coverage of Terreno Realty with a rating of Neutral and set a new price target of $60.00
Citigroup initiated coverage of Terreno Realty with a rating of Neutral and set a new price target of $63.00
Goldman initiated coverage of Terreno Realty with a rating of Neutral and set a new price target of $65.00
Scotiabank downgraded Terreno Realty from Sector Outperform to Sector Perform and set a new price target of $54.00 from $73.00 previously
Stifel initiated coverage of Terreno Realty with a rating of Buy and set a new price target of $62.00
-Countyline Corporate Park Phase IV Building 31 100% leased 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 completed the development and stabilization of Countyline Corporate Park Phase IV Building 31 in Hialeah, Florida effective November 21, 2024. Building 31 is 100% leased to one tenant. Building 31 of Terreno Realty Corporation's Countyline Corporate Park is a 162,000 square foot 36-foot clear height rear-load industrial distribution building on 10.0 acres with 53 dock-high and two grade-level loading positions and parking for 140 cars. The building is expected to achieve
-New development 100% leased at building completion 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 completed the redevelopment and stabilization of Terreno 147th Street in Hawthorne, California effective November 15, 2024. Terreno 147th Street, formerly an improved land parcel, is a 31,000 square foot industrial distribution building on 1.3 acres with four dock-high and one grade-level loading positions and parking for 35 cars, including four electric car charging positions. The property is 100% leased to an atomic energy company commencing with building completion and ending
Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold the flex industrial portion of a seven-building Terreno Realty Corporation property located in Union City, California on November 14, 2024 for a sale price of approximately $13.0 million. The property consists of two industrial flex buildings containing 37,000 square feet on 3.9 acres which are 100% leased to 20 tenants. The property was purchased by Terreno Realty Corporation on December 10, 2014 for approximately $5.1 million. The unleveraged internal rate of return generated by the investment was 18.8%. Terreno Realty Corporation acquires, owns and
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 an early lease renewal in Jamaica Queens, New York with a manufacturer of pre-cooked meals. The lease of 50,000 square feet, which was to expire in September 2026, will now expire September 2036. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Northern New Jersey/New York City; 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.
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 December 31, 2024 of $0.49 per common share. The dividend will be payable on January 7, 2025 to common stockholders of record at the close of business on December 13, 2024. The Board of Directors approved a share repurchase program authorizing Terreno Realty Corporation to repurchase up to 3,000,000 shares of its outstanding common stock from time to time through December 31, 2026. Purchases made pursuant to this program, if any, will be made in either the open market or in privately negotiated transacti
-Building 34 70% pre-leased 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 commenced construction of Countyline Corporate Park Phase IV Building 34 in Hialeah, Florida. Building 34 of Terreno Realty Corporation's Countyline Corporate Park is a 220,000 square foot 36-foot clear height rear-load industrial distribution building on 13.0 acres with 76 dock-high and two grade-level loading positions and parking for 188 cars. Building 34 has been 70% pre-leased to a cruise ship industry provider of non-perishable food items and food service supplies commencing with building completio
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 75,000 square feet in Elizabeth, New Jersey with a third-party logistics provider. The lease commenced on September 30, 2024 and will expire January 2028. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Northern New Jersey/New York City; 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 Stateme
-Countyline Corporate Park Phase IV Building 39 100% leased 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 completed the development and stabilization of Countyline Corporate Park Phase IV Building 39 in Hialeah, Florida effective September 30, 2024. Building 39 is 100% leased to one tenant. Building 39 of Terreno Realty Corporation's Countyline Corporate Park is a 178,000 square foot 36-foot clear height industrial distribution building on 10.9 acres with 58 dock-high and two grade-level loading positions and parking for 156 cars. The building is expected to achieve LEED certi
Revolving credit facility increased by $200 million Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the closing of an $800 million senior amended and restated unsecured credit facility (the "Facility") to replace its existing $600 million senior unsecured credit facility, including an increase in borrowing capacity under its revolving credit facility by $200 million to $600 million (previously $400 million). In connection with the closing, the maturity of the revolving credit facility was extended to January 2029. As of September 24, 2024, there were no borrowings outstanding under Terren
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 early lease renewals in Sunnyvale, California with a leading provider of molecular diagnostic testing. The leases of three buildings totaling 172,000 square feet, which were to expire in March 2025, will now expire March 2030. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Northern New Jersey/New York City; Los Angeles; Miami; San Francisco Bay Area; Seattle and Washington, D.C. Additional information about Terreno Realty Corporation is available on the c
10-Q - Terreno Realty Corp (0001476150) (Filer)
8-K - Terreno Realty Corp (0001476150) (Filer)
8-K - Terreno Realty Corp (0001476150) (Filer)
424B5 - Terreno Realty Corp (0001476150) (Filer)
144 - Terreno Realty Corp (0001476150) (Subject)
10-Q - Terreno Realty Corp (0001476150) (Filer)
8-K - Terreno Realty Corp (0001476150) (Filer)
8-K - Terreno Realty Corp (0001476150) (Filer)
10-Q - Terreno Realty Corp (0001476150) (Filer)
8-K - Terreno Realty Corp (0001476150) (Filer)
Barclays analyst Brendan Lynch maintains Terreno Realty (NYSE:TRNO) with a Overweight and lowers the price target from $71 to $68.
Scotiabank analyst Greg McGinniss maintains Terreno Realty (NYSE:TRNO) with a Sector Perform and lowers the price target from $66 to $59.
In the last three months, 7 analysts have published ratings on Terreno Realty (NYSE:TRNO), offering a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 3 2 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Terreno Realty, presenting an average target of $66.14, a high estimate
Goldman Sachs analyst Caitlin Burrows maintains Terreno Realty (NYSE:TRNO) with a Neutral and lowers the price target from $68 to $60.
JMP Securities analyst Mitch Germain reiterates Terreno Realty (NYSE:TRNO) with a Market Outperform and maintains $65 price target.
Terreno Realty (NYSE:TRNO) reported quarterly earnings of $0.57 per share which missed the analyst consensus estimate of $0.58 by 1.72 percent. This is a 11.76 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $85.03 million which missed the analyst consensus estimate of $87.65 million by 2.99 percent. This is a 13.90 percent increase over sales of $74.65 million the same period last year.
Terreno Realty Corporation(NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired a portfolio of industrial properties located in New York City, Northern New Jersey, San Francisco Bay Area, and Los Angeles on May 2, 2024 for a purchase price of approximately $364.5 million.The portfolio of 28 buildings containing approximately 1.2 million square feet is 91.6% leased to 70 tenants. The in-place cap rate is 4.3%, the estimated stabilized cap rate is 5.0% and the estimated stabilized cap rate adjusting to today's market rents is 5.8%.Goldman Sachs & Co. LLC acted as financial advisor to Terreno Realty Corporation on the acquisition.Esti