Profile
Sector:
Real EstateIndustry:
IndustrialCountry:
United StatesIPO:
10 February 2010Website:
http://www.terreno.comNext earnings report:
N/ALast dividends:
30 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:13:15 GMTAnalysts recommendations
Institutional Ownership
TRNO Latest News
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.
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Elizabeth, NJ.
TRNO completes the development and stabilization of Building 39 in Hialeah, FL, poising it well to capitalize on favorable industrial real estate market fundamentals.
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Closes $800 Million Unsecured Credit Facility.
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 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 just increased its dividend by nearly 9%. The industrial REIT has delivered robust dividend growth over the years.
Terreno's (TRNO) latest leasing activities highlight healthy demand for the company's properties.
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.
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease Renewal in Torrance, CA.
What type of business is Terreno Realty?
Terreno Realty Corporation is a corporation specializing in the acquisition of industrial real estate located in six major coastal areas of the United States: Los Angeles, Northern New Jersey/New York, the San Francisco Bay Area, Seattle, Miami, and Washington, D.C. It was founded in 2009 and operates as a REIT fund. The headquarters are located in San Francisco, California (USA). Terreno Realty Corporation invests in industrial real estate in areas close to major population centers and transportation infrastructure: warehouses, spaces for single or multiple tenants (office and warehouse/production spaces), transshipment bases, and land parcels (for container storage, parking lots for cars, including trucks and trailers).
What sector is Terreno Realty in?
Terreno Realty is in the Real Estate sector
What industry is Terreno Realty in?
Terreno Realty is in the Industrial industry
What country is Terreno Realty from?
Terreno Realty is headquartered in United States
When did Terreno Realty go public?
Terreno Realty initial public offering (IPO) was on 10 February 2010
What is Terreno Realty website?
https://www.terreno.com
Is Terreno Realty in the S&P 500?
No, Terreno Realty is not included in the S&P 500 index
Is Terreno Realty in the NASDAQ 100?
No, Terreno Realty is not included in the NASDAQ 100 index
Is Terreno Realty in the Dow Jones?
No, Terreno Realty is not included in the Dow Jones index
When was Terreno Realty the previous earnings report?
No data
When does Terreno Realty earnings report?
Next earnings report date is not announced yet