Earnings summaries and quarterly performance for Terreno Realty.
Executive leadership at Terreno Realty.
Board of directors at Terreno Realty.
Research analysts covering Terreno Realty.
Recent press releases and 8-K filings for TRNO.
TRNO Reports Strong 2025 Financial Results and Investment Activity
TRNO
Earnings
New Projects/Investments
Debt Issuance
- Terreno Realty Corporation achieved FFO per share of $2.77 and Net Income per share of $3.91 for the full year 2025.
- The company reported 12.0% Cash Same Store NOI Growth for 2025 , and its portfolio occupancy reached 97.7% in Q4 2025.
- In 2025, TRNO completed $683.5 million in acquisitions and $386.4 million in dispositions.
- The company issued 4,206,371 shares of common stock for $281.0 million in 2025 and issued a new $200 million five-year unsecured term loan on January 7, 2026.
3 days ago
Terreno Realty Corporation Completes Development in Hialeah, FL
TRNO
New Projects/Investments
- Terreno Realty Corporation has completed the development and stabilization of Countyline Corporate Park Phase IV Building 32 in Hialeah, Florida.
- Building 32 is 100% leased to two tenants, with a total investment of $43.4 million and an estimated stabilized cap rate of 6.0%.
- The broader Countyline Corporate Park Phase IV project, expected to be completed in 2027, will consist of ten LEED-certified industrial distribution buildings totaling approximately 2.2 million square feet with a total expected investment of approximately $511.5 million.
Jan 20, 2026, 2:15 PM
Terreno Realty Corporation Closes $200 Million Unsecured Term Loan
TRNO
Debt Issuance
- Terreno Realty Corporation closed a new $200 million five-year unsecured term loan.
- The loan matures on January 15, 2031, with an interest rate generally SOFR plus 1.15% to 1.65%, and currently at SOFR plus 1.15%.
- The 10 basis point SOFR credit spread adjustment premium was eliminated on all credit facility borrowings.
- Proceeds from the term loan were used to reduce borrowings under the $600 million revolving credit facility and for general corporate purposes.
Jan 8, 2026, 2:15 PM
Terreno Realty LLC Amends Senior Credit Agreement and Adds New Term Loan
TRNO
Debt Issuance
- On January 7, 2026, Terreno Realty LLC, a wholly-owned subsidiary of Terreno Realty Corporation, entered into a Fourth Amendment to its Sixth Amended and Restated Senior Credit Agreement.
- This amendment added a new $200.0 million term loan that matures on January 15, 2031.
- Following the amendment, the Amended Facility now consists of a $600.0 million revolving credit facility maturing in January 2029, a $100.0 million term loan maturing in January 2027, a $100.0 million term loan maturing in January 2028, and the new $200.0 million term loan maturing in January 2031.
- The aggregate commitment of the Amended Facility is $1,000,000,000 as of the Fourth Amendment Effective Date, and it includes an accordion feature to increase the amount by up to an additional $1.0 billion, not to exceed a maximum aggregate of $2.0 billion.
- Proceeds from the new $200.0 million term loan were used to reduce borrowings under the revolving credit facility and for general corporate purposes.
Jan 8, 2026, 11:01 AM
Baird Upgrades Terreno Realty to Outperform, Raises Price Target
TRNO
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Baird upgraded Terreno Realty to Outperform from Neutral and raised its price target to $64 from $63, citing that valuations now reflect expected fundamental improvements and a more favorable setup for 2026.
- As of December 31, 2025, Terreno's portfolio included 309 buildings totaling approximately 19.8 million square feet and 46 improved land parcels (~147.0 acres), leased to 683 customers.
- The company reported strong rent growth, with cash rents rising approximately 29.8% on new and renewed leases in the fourth quarter and about 25.4% for the full year.
- Terreno maintained a high leasing rate of about 96.1% and same-store occupancy near 97.2%, despite a large vacancy at Countyline Corporate Park which is roughly 84% pre-leased with new leases starting in early 2026.
Jan 7, 2026, 11:13 PM
Terreno Realty Corporation Announces Q4 and Full Year 2025 Operating, Investment, and Capital Markets Activity
TRNO
New Projects/Investments
Debt Issuance
Earnings
- Terreno Realty Corporation reported a quarter-end occupancy of 96.1% and same-store occupancy of 97.2% as of December 31, 2025. Cash rents on new and renewed leases increased by 29.8% in Q4 2025 and 25.4% for the full year 2025.
- For the fourth quarter of 2025, the company completed $87.4 million in acquisitions and $144.2 million in dispositions. Full year 2025 acquisitions totaled $683.5 million, and dispositions amounted to $386.4 million.
- During Q4 2025, Terreno Realty Corporation commenced the development of one property with an expected investment of $55.5 million and completed the development and stabilization of one property with a total investment of $35.8 million. For the full year 2025, two properties were commenced, and three properties were completed and stabilized.
- In Q4 2025, 700,000 shares of common stock were issued under an ATM program for gross proceeds of $43.6 million. For the full year 2025, 4,206,371 shares were issued for $281.0 million. The company has $50 million of debt maturities in July 2026 and $150 million in 2027.
Jan 7, 2026, 9:05 PM
Terreno Realty Leases Redeveloped Queens Property
TRNO
New Projects/Investments
- Terreno Realty Corporation (TRNO) announced a full-property lease for a redeveloped industrial distribution property in Long Island City, Queens, New York.
- The property consists of approximately 48,000 square feet on 2.2 acres, with a total investment of $35.8 million.
- The redeveloped property is 100% leased to a contractor and rigging provider, with the lease commencing in December 2025 and expiring in August 2036.
- The estimated stabilized cap rate for this property is 5.7%.
Dec 29, 2025, 2:15 PM
Terreno Realty Announces New Leases in Hialeah, FL
TRNO
New Projects/Investments
- Terreno Realty Corporation (TRNO) has secured two new leases totaling 173,000 square feet in Countyline Corporate Park Building 30 in Hialeah, Florida.
- The first lease, for 112,000 square feet, is with a designer and manufacturer of air-to-water technology, commencing May 1, 2026, and expiring October 2036.
- The second lease, for 61,000 square feet, is with an international freight forwarder and logistics provider, commencing March 1, 2026, and expiring August 2031.
- These leases partially backfill the 205,000 square feet previously occupied by a full-building tenant whose lease was rejected in bankruptcy effective October 31, 2025.
Nov 6, 2025, 2:15 PM
Terreno Realty Corporation Announces New Lease and Early Termination Payment
TRNO
New Projects/Investments
Guidance Update
- Terreno Realty Corporation executed a new lease for 226,000 square feet in Newark, California, with an Original Design Manufacturer of cloud computing hardware, commencing November 1, 2025, and expiring May 2036.
- The company received an early termination payment of approximately $13.5 million from the prior tenant for the Newark property, which also contributes to a net increase in revenue of approximately $4.4 million for the three months ended December 31, 2025.
Nov 3, 2025, 2:15 PM
Terreno Realty Corporation Acquires Industrial Property in South San Francisco
TRNO
New Projects/Investments
M&A
- Terreno Realty Corporation acquired an industrial property in South San Francisco, California on October 15, 2025.
- The acquisition was made for approximately $5.6 million.
- The property consists of an industrial distribution building of approximately 18,000 square feet and a 1.0-acre improved land parcel.
- 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.
- The estimated stabilized cap rate for the property is 6.3%.
Oct 16, 2025, 1:15 PM
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