TRNO 📈 Terreno Realty - Overview

Terreno Realty Corporation, a Maryland-based corporation, operates as a real estate investment trust (REIT) with a focus on industrial properties in key coastal markets across the United States. The company's portfolio spans six major markets, including Los Angeles, Northern New Jersey/New York City, the San Francisco Bay Area, Seattle, Miami, and Washington, D.C., providing strategic access to major ports, transportation hubs, and population centers. This diversified presence enables Terreno to capitalize on the growing demand for industrial and logistics space in these regions.

As of December 31, 2023, Terreno's portfolio comprises 259 buildings, totaling approximately 16.0 million square feet of industrial space, in addition to 45 improved land parcels covering around 152.4 acres. The company also has seven properties under development or redevelopment, as well as roughly 62.7 acres of land entitled for future development, offering a pipeline of potential growth opportunities. With its internally managed structure, Terreno maintains control over its operations and investment decisions, allowing for agile responses to market trends and conditions.

Terreno's election to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, provides the company with a tax-efficient structure, enabling it to distribute a significant portion of its income to shareholders while minimizing corporate tax liabilities. As a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol TRNO, Terreno offers investors a unique opportunity to participate in the growth and income potential of the industrial real estate sector. With its strong market presence, diversified portfolio, and commitment to operational excellence, Terreno is well-positioned to drive long-term value creation for its stakeholders.