Business Wire·Oct 6, 2026, 4:05 PM ET

Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity

TRNO

Terreno Realty Corporation reported 97.8% quarter-end occupancy as of September 30, 2026, up from 97.6% in the prior quarter & 96.2% the prior year.
The same-store portfolio occupancy reached 97.9% at quarter-end, down from 98.3% in the prior quarter but up from 98.0% the prior year.
Cash rents on new & renewed leases increased 27.7% during the third quarter & 26.1% year-to-date.
The company acquired three properties for $49.0 million in the third quarter, bringing year-to-date acquisitions to nine properties totaling $323.1 million.
Terreno Realty sold two properties for $30.1 million in the third quarter, resulting in $116.3 million in year-to-date dispositions.
One development project, Whitestone Logistics in Queens, New York, was completed & stabilized with a $98.8 million investment; three such projects were completed year-to-date for $197.5 million.
The company issued 1,958,245 shares via its at-the-market program for $131.4 million in the third quarter & 6,032,473 shares for $398.9 million year-to-date.
No shares were repurchased under the authorization, & there were no outstanding borrowings on the $600 million revolving credit facility as of September 30, 2026.
Approximately $101.9 million of acquisitions & $25.0 million of dispositions remain under contract pending closing conditions.
The portfolio as of September 30, 2026, included 317 buildings aggregating 20.5 million square feet & 46 improved land parcels totaling 146.5 acres.
Three properties under development will aggregate 0.6 million square feet with a total expected investment of $165.1 million & are 70.6% pre-leased.
The company has no debt maturities scheduled for 2026 & $150 million in debt maturities due in 2027.
Terreno Realty operates in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, & Washington, D.C.