Latest news with #TerrenoRealtyCorp
Yahoo
07-08-2025
- Business
- Yahoo
Terreno: Q2 Earnings Snapshot
BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Terreno Realty Corp. (TRNO) on Wednesday reported a key measure of profitability in its second quarter. The results fell short of Wall Street expectations. The Bellevue, Washington-based real estate investment trust said it had funds from operations of $66.3 million, or 64 cents per share, in the period. The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 65 cents per share. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $92.9 million, or 90 cents per share. The industrial real estate company, based in Bellevue, Washington, posted revenue of $112.2 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TRNO at
Los Angeles Times
27-06-2025
- Business
- Los Angeles Times
Terreno Realty Corp. Acquires Santa Ana Property for $49.5 Million
Terreno Realty Corp. acquired 3500 W. MacArthur Blvd. in Santa Ana for $49.5 million. The 134,000-square-foot warehouse was fully leased to Home Depot and sits on 12.1 acres of industrial-zoned land. The property has seven dock-high doors and three grade-level loading positions. The company estimated the stabilized cap rate was 5.7% for the Orange County property. This acquisition follows an earlier acquisition in June of a 34,000-square-foot industrial flex building located at 11100 Hindry Ave. in Los Angeles for $10 million. Bellevue, Washington-based Terreno acquires, owns and operates industrial real estate in six major coastal U.S. markets. It owns approximately 300 buildings nationwide, encompassing more than 19 million square feet. Information for this article was sourced from Terreno Realty Corp.
