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TERRENO REALTY CORPORATION

(TRNO)
  Report
Delayed Nyse  -  04:00 2022-10-07 pm EDT
51.26 USD   -3.16%
08:48aPiper Sandler Adjusts Terreno Realty's Price Target to $69 From $73, Maintains Overweight Rating
MT
06:15aTerreno Realty Reports Rise in Q3 Occupancy
MT
10/06Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity
BU
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Terreno Realty Corporation Acquires Property in Rancho Dominguez, CA for $32.1 Million

08/04/2022 | 09:16am EDT

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property in Rancho Dominguez, California on August 3, 2022 for a purchase price of approximately $32.1 million.

The 3.0-acre improved land parcel at 19500 South Alameda Street is south of the Gardena Freeway (SR 91) and west of the Long Beach Freeway (I-710). The property is 100% leased to two tenants on a short-term basis and the estimated stabilized cap rate is 5.5%.

Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, the impact of the COVID-19 pandemic on our business, our tenants and the national and local economies, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2021 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.


© Business Wire 2022
All news about TERRENO REALTY CORPORATION
08:48aPiper Sandler Adjusts Terreno Realty's Price Target to $69 From $73, Maintains Overweig..
MT
06:15aTerreno Realty Reports Rise in Q3 Occupancy
MT
10/06Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Market..
BU
10/03Terreno Realty Corporation Announces Leases in Brooklyn, NY
BU
10/03Terreno Realty Corporation Announces Leases in Brooklyn, NY
CI
09/29TERRENO REALTY CORPORATION : Ex-dividend day for
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09/12Terreno Realty Corporation Announces Leases in New York City
AQ
09/09Terreno Realty Corporation Announces Leases in New York City
BU
09/07Terreno Realty Buys Industrial Property in Anaheim
MT
09/07Terreno Realty Corporation Acquires Property in Anaheim, CA for $7.3 Million
BU
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Analyst Recommendations on TERRENO REALTY CORPORATION
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Financials (USD)
Sales 2022 265 M - -
Net income 2022 160 M - -
Net Debt 2022 836 M - -
P/E ratio 2022 24,8x
Yield 2022 2,77%
Capitalization 4 038 M 4 038 M -
EV / Sales 2022 18,4x
EV / Sales 2023 17,2x
Nbr of Employees 34
Free-Float 97,5%
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 52,93 $
Average target price 72,20 $
Spread / Average Target 36,4%
EPS Revisions
Managers and Directors
W. Blake Baird Chairman & Chief Executive Officer
Michael A. Coke President & Director
Jaime J. Cannon Chief Financial Officer & Executive Vice President
LeRoy E. Carlson Independent Director
Dennis Polk Independent Director
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