- Terreno Realty Corporation acquired an industrial property in **South San Francisco, California** on **October 15, 2025**.  **[1476150_f2ed59060949441cbb4587c566a47160_0]** 
- The acquisition was made for approximately **$5.6 million**.  **[1476150_f2ed59060949441cbb4587c566a47160_0]** 
- The property consists of an industrial distribution building of approximately **18,000 square feet** and a **1.0-acre** improved land parcel.  **[1476150_f2ed59060949441cbb4587c566a47160_0]** 
- The building is **73% leased** to four tenants, and the land parcel is **100% leased** to one tenant, with all leases expiring by June 2028.  **[1476150_f2ed59060949441cbb4587c566a47160_0]** 
- The estimated stabilized cap rate for the property is **6.3%**.  **[1476150_f2ed59060949441cbb4587c566a47160_0]**

Terreno Realty Corporation Acquires Industrial Property in South San Francisco

- Terreno Realty Corporation reported a **quarter-end occupancy of 96.2%** as of September 30, 2025, with same-store occupancy at **98.6%**.  **[1476150_d7fb2b93b3df45bbacf6cdd439667607_0]** **[1476150_d7fb2b93b3df45bbacf6cdd439667607_1]** 
- Cash rents on new and renewed leases increased by **17.2%** during the third quarter of 2025 and **23.8%** year-to-date.  **[1476150_d7fb2b93b3df45bbacf6cdd439667607_0]** **[1476150_d7fb2b93b3df45bbacf6cdd439667607_1]** 
- The company completed **$472.6 million** in acquisitions and **$102.8 million** in dispositions during Q3 2025.  **[1476150_d7fb2b93b3df45bbacf6cdd439667607_0]** **[1476150_d7fb2b93b3df45bbacf6cdd439667607_2]**  Year-to-date, acquisitions totaled **$596.1 million** and dispositions were **$386.4 million**.  **[1476150_d7fb2b93b3df45bbacf6cdd439667607_0]** **[1476150_d7fb2b93b3df45bbacf6cdd439667607_3]** 
- Terreno Realty commenced development on one property with an expected investment of **$54.1 million** and completed development and stabilization of one property with an expected investment of **$39.9 million** in Q3 2025.  **[1476150_d7fb2b93b3df45bbacf6cdd439667607_0]** **[1476150_d7fb2b93b3df45bbacf6cdd439667607_3]** 
- No shares of common stock were issued under the ATM program in Q3 2025; however, year-to-date, **3,506,371 shares** were issued for **$237.4 million** in gross proceeds.  **[1476150_d7fb2b93b3df45bbacf6cdd439667607_0]** **[1476150_d7fb2b93b3df45bbacf6cdd439667607_4]**  The balance outstanding on the revolving credit facility was **$280 million** as of September 30, 2025.  **[1476150_d7fb2b93b3df45bbacf6cdd439667607_4]**

Terreno Realty Announces Q3 2025 Operating, Investment, and Capital Markets Activity

- Terreno Realty Corporation sold a fully leased industrial property in South Brunswick, New Jersey, for approximately **$144.2 million**.  **[1476150_32ae8195136e43c9a9d1361b75e4d71f]** 
- The sale generated an unleveraged internal rate of return of **13.4%** and represented about **640%** of the initial acquisition cost in 2010.  **[1476150_32ae8195136e43c9a9d1361b75e4d71f]** 
- As of September 30, 2025, Terreno's portfolio included **307 buildings** aggregating approximately **20.2 million square feet** and **44 improved land parcels**.  **[1476150_32ae8195136e43c9a9d1361b75e4d71f]** 
- The company demonstrated strong financial performance with an **8.4% revenue growth rate** over the past three years, a **59.66% net margin**, and a **38.82% operating margin**.  **[1476150_32ae8195136e43c9a9d1361b75e4d71f]**

Terreno Realty Sells South Brunswick Industrial Property for $144.2 Million

- Terreno Realty Corporation has commenced construction of **Building 36** at Countyline Corporate Park Phase IV in Hialeah, Florida.  **[1476150_c194fa6b005e4ab5b003367ab61a7179_0]** 
- The **214,000 square foot** industrial distribution building is **51% pre-leased** to an international logistics management company, with completion and lease commencement expected in the **first quarter of 2027** and the lease expiring in **June 2037**.  **[1476150_c194fa6b005e4ab5b003367ab61a7179_0]** 
- The total expected investment for Building 36 is **$54.1 million**, with an estimated stabilized cap rate of **5.8%**.  **[1476150_c194fa6b005e4ab5b003367ab61a7179_0]** 
- The broader Countyline Corporate Park Phase IV project is expected to contain **ten LEED-certified industrial distribution buildings** totaling approximately **2.2 million square feet** for a total expected investment of approximately **$511.5 million** at expected completion in 2027.  **[1476150_c194fa6b005e4ab5b003367ab61a7179_0]**

Terreno Realty Announces Development Start in Hialeah, FL

- Terreno Realty Corporation announced that its Countyline Corporate Park Phase IV Building 32 in Hialeah, Florida, is now **100% leased**.  **[1476150_02328614769148adbcb562c3fd4502d0_0]** 
- The leases include an expanded **92,000 square foot** agreement with an aircraft engine maintenance provider, which commenced in August 2025, and a new **72,000 square foot** lease with an Asian food products distributor, expected to commence in February 2026 and expire in June 2036.  **[1476150_02328614769148adbcb562c3fd4502d0_0]** 
- Building 32, which completed shell construction in January 2025, has a total expected investment of **$43.4 million** and an estimated stabilized cap rate of **6.0%**, with stabilization anticipated in the first quarter of 2026.  **[1476150_02328614769148adbcb562c3fd4502d0_0]** 
- Upon Building 32's stabilization, Countyline Corporate Park Phase IV will be **70% complete and stabilized**; the entire Phase IV project, totaling **2.2 million square feet** with an expected investment of **$511.5 million**, is anticipated to be completed in 2027.  **[1476150_02328614769148adbcb562c3fd4502d0_0]**

Terreno Realty (TRNO)