Terreno Realty Corporation shares fall 1.30% intraday after acquiring a $232.6 million industrial portfolio in Woodinville, Washington.

Terreno Realty Corporation declined 1.30% in intraday trading, following the acquisition of a portfolio of industrial properties in Woodinville, Washington for approximately $232.6 million. The portfolio consists of nine industrial distribution buildings containing approximately 720,000 square feet on 42.8 acres. The acquisition is part of a larger multi-market portfolio, which may have raised concerns about the company's financial leverage and integration challenges.