1. TRNO executed an early lease renewal for 84,000 sq ft in Washington. 2. The lease starts November 2026 and ends December 2033. 3. Terreno operates in six major U.S. coastal markets. 4. The deal may strengthen TRNO's foothold in industrial real estate.
FAQ
Why Bullish?
The early lease renewal indicates demand for TRNO's properties, potentially boosting rental income. Historically, similar renewals have positively influenced stock performance.
How important is it?
The announcement directly pertains to TRNO's core business, emphasizing its operational strength and growth prospects.
Why Long Term?
This lease renewal secures income stability for TRNO, impacting cash flows well into 2033. A long-term lease often reflects confidence in the market and company operations.
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 an early lease renewal for 84,000 square feet in Woodinville, Washington with a premium-grade salt provider. The lease will commence November 1, 2026 and expire December 2033.
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
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Jaime Cannon
415-655-4580