1. TRNO executed a long-term lease renewal in Lynwood, California. 2. Lease spans 4.9 acres with liquid food product distributor. 3. Lease starts January 1, 2026, and ends December 2037. 4. TRNO operates in six major U.S. coastal markets. 5. The lease renewal strengthens TRNO's long-term operational base.
The long-term lease provides stable revenue, enhancing financial forecasts, similar to TRNO's past successful leases which positively influenced stock prices.
The lease renewal solidifies TRNO's market position and revenue stability, which are crucial in the REIT sector.
The lease extends until 2037, indicating sustained income over many years, which aligns with long-term growth strategies seen in successful industrial REITs.
Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a lease renewal for a 4.9-acre land parcel improved with a rail transshipment facility in Lynwood, California with a distributor of liquid food product. The lease will commence January 1, 2026 and expire December 2037.
Terreno Realty Corporation acquires, owns and operates industrial real estate 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.
Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.
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Jaime Cannon
415-655-4580