
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 a 2.8-acre improved

<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 an early lease renewal for a 2.8-acre improved land parcel in Gardena, California with a provider of container drayage services. The lease, which was to expire in May 2026, will now expire August 2029. In addition, the tenant has leased an immediately adjacent 2.3-acre improved land parcel which will commence April 1, 2026 upon termination of an existing tenant lease and will expire August 2029.

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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=54438637&amp;newsitemid=20260304565088&amp;lan=en-US&amp;anchor=www.terreno.com&amp;index=1&amp;md5=6675faa41567638ae5baad97863694d7" 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=20260304565088r1&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/20260304565088/en/" rel="nofollow">https://www.businesswire.com/news/home/20260304565088/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 Leases in Gardena, CA

TRNO secures early lease renewals, enhancing long-term income stability

<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 an early lease renewal for a 2.8-acre improved</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Terreno Realty Corporation (TRNO) announced significant early lease renewals, extending terms for a total of 5.1 acres in Gardena, California, bolstering income stability until 2029. This development reflects positive demand for industrial space and enhances TRNO&#039;s operational visibility in key coastal markets.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>TRNO renewed a lease for 2.8 acres in Gardena, California until August 2029.</li><li>An adjacent 2.3-acre parcel will commence lease on April 1, 2026.</li><li>Both leases enhance TRNO&#039;s portfolio stability and income through 2029.</li><li>Lease agreements suggest strong demand for industrial space in TRNO&#039;s markets.</li><li>Cautious investors should monitor TRNO&#039;s future performance and forecasts.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Terreno Realty Corporation (TRNO)</strong>: TRNO&#039;s recently renewed leases improve income stability and market positioning.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>The news falls under Corporate Developments, indicating strategic operational decisions that directly affect long-term income stability and market competitiveness in industrial real estate.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Longer lease terms demonstrate stable revenue streams for TRNO.</li><li>Industrial space demand continues to drive positive sentiment in TRNO&#039;s key markets.</li><li>Potential for rent escalations in future renewals could enhance TRNO&#039;s profitability.</li><li>Investor confidence may increase as lease stability suggests reduced risk profile.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>2.8-acre lease renewed until August 2029.</li><li>Adjacent 2.3-acre lease starts April 1, 2026, also ending August 2029.</li><li>TRNO operates in major coastal U.S. markets including Los Angeles and Miami.</li><li>Company focuses on industrial real estate acquisition and leasing.</li><li>Current investor sentiment aligns with TRNO&#039;s enhanced operational metrics.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>TRNO shares are likely to increase as lease renewals improve income visibility over the next 12-18 months.</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 an early lease renewal for a 2.8-acre improved land parcel in Gardena, California with a provider of container drayage services. The lease, which was to expire in May 2026, will now expire August 2029. In addition, the tenant has leased an immediately adjacent 2.3-acre improved land parcel which will commence April 1, 2026 upon termination of an existing tenant lease and will expire August 2029.

</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=54438637&amp;newsitemid=20260304565088&amp;lan=en-US&amp;anchor=www.terreno.com&amp;index=1&amp;md5=6675faa41567638ae5baad97863694d7" 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=20260304565088r1&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/20260304565088/en/" rel="nofollow">https://www.businesswire.com/news/home/20260304565088/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 Corporation (TRNO) announced significant early lease renewals, extending terms for a total of 5.1 acres in Gardena, California, bolstering income stability until 2029. This development reflects positive demand for industrial space and enhances TRNO's operational visibility in key coastal markets.

Terreno Realty Corporation Announces Leases in Gardena, CA

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News