
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 94,000 square feet in Union City,

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<b xmlns="http://www.w3.org/1999/xhtml">Terreno Realty Corporation</b> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TRNO">TRNO</a>), 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 94,000 square feet in Union City, California with a provider of IT infrastructure, cloud and security solutions. The lease will commence September 1, 2026 and will expire October 2033. To facilitate the new lease, Terreno Realty Corporation terminated effective August 31, 2026 the in-place lease that was to expire July 2031 and received a negotiated early termination payment from the prior tenant of approximately $2.0 million.

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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.

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Additional information about Terreno Realty Corporation is available on the company’s web site at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.terreno.com&amp;esheet=54562179&amp;newsitemid=20260629693263&amp;lan=en-US&amp;anchor=www.terreno.com&amp;index=1&amp;md5=533a9f6a7399ef23a06281768cb04a0f" shape="rect">www.terreno.com</a>.

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Forward-Looking Statements

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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, 2025 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.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260629693263r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260629693263/en/" rel="nofollow">https://www.businesswire.com/news/home/20260629693263/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Jaime Cannon
<br xmlns="http://www.w3.org/1999/xhtml"></br>415-655-4580

</p>

TRNO

Terreno Realty Corporation Announces Lease in Union City, CA

Terreno Lands 94k Sq Ft Union City Lease, Boosting 2026-2033 Cash Flow

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>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 94,000 square feet in Union City,</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Terreno Realty announced a 94,000-square-foot Union City, CA lease with an IT infrastructure provider, commencing September 1, 2026 and running through October 2033. The company also terminated the prior lease on August 31, 2026, receiving approximately $2.0 million in an early termination payment. The deal extends Terreno’s stabilized cash flow across its six-coastal markets and may support stronger rent-coverage and cap-rate optics over the 7+ year horizon.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Terreno signs 94k sf Union City lease; starts 9/1/2026 through Oct 2033. Prev lease terminated 8/31/2026; ~$2.0m termination payment received.</li><li>Tenant is IT infrastructure, cloud and security solutions provider; name undisclosed.</li><li>Deal expands Terreno’s coastal-industrial footprint and enhances long-term cash-flow visibility.</li><li>Forward-looking statements accompany the release; standard risk disclosures apply.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Terreno Realty Corporation (TRNO)</strong>: Leases 94k sf in Union City; augments long-term cash flow and portfolio diversification.</li><li><strong>IT infrastructure, cloud and security solutions provider (N/A)</strong>: Tenant name undisclosed; implies demand for data-center/logistics infra in Terreno&#039;s markets.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The lease signing represents a material portfolio-level leasing event that informs Terreno&#039;s cash-flow visibility and occupancy quality, a key metric for REIT valuation.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Lease start aligns with expected stabilization of cash flow in 2026.</li><li>Approximately $2.0 million early termination payment boosts near-term liquidity.</li><li>Unspecified tenant reduces near-term valuation clarity; focus remains on rent economics.</li><li>Tech/IT infra demand in coastal markets supports Terreno’s tenant mix quality.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Lease size: 94,000 square feet.</li><li>Location: Union City, California.</li><li>Term: September 1, 2026 to October 2033.</li><li>Early termination payment received: approximately $2.0 million.</li><li>Terreno operates in six markets: NYC/NJ, Los Angeles, Miami, San Francisco Bay Area, Seattle, Washington, D.C.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Longer lease tenure improves cash-flow visibility and stabilizes earnings trough 2033.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Terreno Realty Corporation</b> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TRNO">TRNO</a>), 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 94,000 square feet in Union City, California with a provider of IT infrastructure, cloud and security solutions. The lease will commence September 1, 2026 and will expire October 2033. To facilitate the new lease, Terreno Realty Corporation terminated effective August 31, 2026 the in-place lease that was to expire July 2031 and received a negotiated early termination payment from the prior tenant of approximately $2.0 million.

</p><p xmlns="http://www.w3.org/1999/xhtml">
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.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Additional information about Terreno Realty Corporation is available on the company’s web site at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.terreno.com&amp;esheet=54562179&amp;newsitemid=20260629693263&amp;lan=en-US&amp;anchor=www.terreno.com&amp;index=1&amp;md5=533a9f6a7399ef23a06281768cb04a0f" shape="rect">www.terreno.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Forward-Looking Statements

</p><p xmlns="http://www.w3.org/1999/xhtml">
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, 2025 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.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260629693263r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260629693263/en/" rel="nofollow">https://www.businesswire.com/news/home/20260629693263/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Jaime Cannon
<br xmlns="http://www.w3.org/1999/xhtml"></br>415-655-4580

</p>

Terreno Realty announced a 94,000-square-foot Union City, CA lease with an IT infrastructure provider, commencing September 1, 2026 and running through October 2033. The company also terminated the prior lease on August 31, 2026, receiving approximately $2.0 million in an early termination payment. The deal extends Terreno’s stabilized cash flow across its six-coastal markets and may support stronger rent-coverage and cap-rate optics over the 7+ year horizon.

Terreno Realty Corporation Announces Lease in Union City, CA

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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