Terreno Realty Expands Portfolio with Strategic Acquisitions and Leases

Terreno Realty Corporation has acquired an industrial property in Long Island City, Queens, New York for $31.1 million and another in Santa Ana, California for $49.5 million. The company has also sold properties in California for $11 million and $82.3 million, and in Washington for $9.5 million. Additionally, Terreno Realty has signed leases in California and New Jersey, and increased its quarterly dividend to $0.52 per share.

Terreno Realty Corporation (NYSE: TRNO), a major player in the industrial real estate sector, has been active in the market with several notable transactions and a dividend increase. The company has recently acquired an industrial property in Long Island City, Queens, New York, for $31.1 million, and another in Santa Ana, California, for $49.5 million. Additionally, Terreno Realty sold properties in California for $11 million and $82.3 million, and in Washington for $9.5 million. The company has also signed leases in California and New Jersey, and increased its quarterly dividend to $0.52 per share.

The Long Island City property, located at 49-10 27th Street, was purchased by Terreno Realty on July 1, 2025, for $31.1 million [1]. The Santa Ana property, acquired on June 23, 2025, for $49.5 million, is part of the company's strategy to expand its portfolio in the California market [2].

In terms of sales, Terreno Realty sold an industrial property in Santa Fe Springs, California, for approximately $11 million on August 7, 2025 [1]. The property, which consists of a 2.3-acre improved land parcel, was 100% leased and had an unleveraged internal rate of return of 13.2%. In Washington, the company sold an industrial property in Tukwila for $9.5 million on July 30, 2025 [1]. Additionally, Terreno Realty sold a portfolio of industrial properties in Doral, Florida, for $82.3 million on July 29, 2025 [1].

The company has also been active in signing leases, with recent agreements in California and New Jersey. On June 26, 2025, Terreno Realty signed a lease in Redondo Beach, California, and on June 27, 2025, it announced a lease in Avenel, New Jersey [1].

Furthermore, Terreno Realty increased its quarterly dividend to $0.52 per share from $0.49, effective October 10, 2025, for shareholders of record on September 29, 2025 [1]. This increase reflects the company's strong financial performance and commitment to shareholder value.

Terreno Realty Corporation operates in six major coastal U.S. markets, including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. The company's strategy focuses on acquiring, owning, and operating industrial real estate, with a particular emphasis on high-growth markets.

References:
[1] https://www.marketscreener.com/news/terreno-realty-corporation-sells-property-in-santa-fe-springs-ca-for-11-0-million-ce7c5edddb8df02c
[2] https://www.stocktitan.net/news/TRNO/terreno-realty-corporation-acquires-property-in-redondo-beach-ca-for-1vu8h84pw4v5.html