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Terreno Realty Corporation Announces Lease in Redondo Beach, CA

1. Terreno Realty executed a 103,000 sq. ft. lease in Redondo Beach. 2. Lease begins between July and October 2025, ending October 2035. 3. Terreno operates in six major coastal U.S. markets. 4. The lease indicates strong demand for industrial real estate. 5. Forward-looking statements carry inherent risks and uncertainties.

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FAQ

Why Bullish?

The new lease reflects demand stability and growth potential for TRNO, enhancing its revenue prospects. Similar past leases in growing markets often led to positive stock momentum.

How important is it?

The article highlights a significant lease that illustrates TRNO's operational success and property demand, potentially affecting valuation and investment interest.

Why Long Term?

The lease extends for a long period, enhancing TRNO's future cash flows and occupancy rates, which supports long-term growth.

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BELLEVUE, Wash.--(BUSINESS WIRE)--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 for 103,000 square feet in Redondo Beach, California with a provider of in-space mobility. The lease will commence in stages between July and October 2025 and expire October 2035. 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. 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 and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2024 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.

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