Terreno Realty Corp's Director, President Sells 10,000 Shares at $53.96/Share.

Terreno Realty Corp. has recently announced that Michael A. Coke, a member of the company's board of directors and president, has sold 10,000 shares of common stock at a price of $53.96 per share on August 14, 2025.

Terreno Realty Corp. (NYSE: TRNO) recently saw a notable transaction within its executive ranks. On August 14, 2025, Michael A. Coke, a member of the company's board of directors and president, sold 10,000 shares of common stock at a price of $53.96 per share [1].

This sale comes amidst a period of strategic acquisitions for Terreno Realty Corp. The company has been expanding its footprint in key coastal markets, including a significant acquisition in Woodinville, WA, for approximately $232.6 million [2]. This acquisition, which includes nine industrial distribution buildings totaling roughly 720,000 square feet, reinforces Terreno's long-term growth strategy in the high-demand Seattle market.

Additionally, Terreno Realty Corp. sold an industrial property located in Santa Fe Springs, California, on August 7, 2025, for approximately $11.0 million [1]. The property, which consists of a 2.3-acre improved land parcel and is 100% leased, was purchased by Terreno in 2018 for $6.4 million, generating an unleveraged internal rate of return of 13.2%.

These transactions highlight Terreno's disciplined investment approach, focusing on sourcing high-quality, well-located industrial assets in supply-constrained, high-demand coastal markets. The company's recent acquisitions are part of a larger multi-market portfolio totaling 1.2 million square feet, with an estimated stabilized cap rate of 5% [2].

Terreno Realty Corp. operates in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. The company's strategic acquisitions and operational focus on these markets position it well to benefit from strong demographics, robust trade flows, and growing demand for last-mile distribution facilities.

Despite potential global trade disruptions, Terreno's acquisition momentum and disciplined underwriting suggest that the company remains on a solid growth path. Shares of Terreno Realty Corp. have declined 6.4% in the past three months compared to the industry's fall of 0.4% [2].

References:
[1] https://www.nasdaq.com/press-release/terreno-realty-corporation-sells-property-santa-fe-springs-ca-110-million-2025-08-08
[2] https://finance.yahoo.com/news/terreno-realty-expands-footprint-232-152800279.html