
Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Torrance, California on April 7, 2026 for a

<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, sold an industrial property located in Torrance, California on April 7, 2026 for a sale price of approximately $31.1 million.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The property consists of a 99,000 square foot industrial distribution building on 4.7 acres which is 100% leased. The property was purchased by Terreno Realty Corporation on January 31, 2018 for $17.5 million. The unleveraged internal rate of return generated by the investment was 10.3%.

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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=54480563&amp;newsitemid=20260406794632&amp;lan=en-US&amp;anchor=www.terreno.com&amp;index=1&amp;md5=f380119d622b23dff92e90dea5f98ff1" 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=20260406794632r1&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/20260406794632/en/" rel="nofollow">https://www.businesswire.com/news/home/20260406794632/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Terreno Realty Corporation
<br xmlns="http://www.w3.org/1999/xhtml"></br>Jaime Cannon
<br xmlns="http://www.w3.org/1999/xhtml"></br>415-655-4580

</p>

TRNO

Terreno Realty Corporation Sells Property in Torrance, CA for $31.1 Million

Terreno Realty reports strong property sale, raising $31.1 million

<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, sold an industrial property located in Torrance, California on April 7, 2026 for a</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Terreno Realty Corporation sold a fully leased industrial property in Torrance, CA, for approximately $31.1 million. This sale, achieved at a 10.3% internal rate of return, underscores the company&#039;s strong position in the growing industrial real estate market, which could positively impact TRNO&#039;s stock valuation.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>TRNO sold a Torrance industrial property for $31.1 million on April 7, 2026.</li><li>The property was purchased in 2018 for $17.5 million, achieving a 10.3% return.</li><li>The facility is a 99,000 square foot industrial building, fully leased.</li><li>TRNO operates in major U.S. coastal markets, enhancing its strategic real estate portfolio.</li><li>This sale indicates strong demand for industrial properties in key locations.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>PLD (PLD)</strong></li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This article falls under &#039;Corporate Developments&#039; as it outlines a significant asset sale by TRNO, highlighting the company&#039;s operational success and strategy within the industrial real estate sector.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The sale price exceeds initial purchase, signaling robust property value appreciation.</li><li>Continued interest in industrial real estate may boost TRNO&#039;s future acquisition strategies.</li><li>The 10.3% IRR reflects effective asset management, likely enhancing investor confidence.</li><li>Increasing demand for industrial space suggests potential for higher rental income.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>TRNO sold a 99,000 square foot industrial building in Torrance, CA.</li><li>Sale price was approximately $31.1 million, finalized on April 7, 2026.</li><li>Purchased by TRNO in January 2018 for $17.5 million.</li><li>Invested property generated a 10.3% internal rate of return.</li><li>TRNO operates in six major U.S. coastal markets.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy TRNO shares as the sale reflects strong market demand, driving potential growth.</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, sold an industrial property located in Torrance, California on April 7, 2026 for a sale price of approximately $31.1 million.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The property consists of a 99,000 square foot industrial distribution building on 4.7 acres which is 100% leased. The property was purchased by Terreno Realty Corporation on January 31, 2018 for $17.5 million. The unleveraged internal rate of return generated by the investment was 10.3%.

</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=54480563&amp;newsitemid=20260406794632&amp;lan=en-US&amp;anchor=www.terreno.com&amp;index=1&amp;md5=f380119d622b23dff92e90dea5f98ff1" 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=20260406794632r1&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/20260406794632/en/" rel="nofollow">https://www.businesswire.com/news/home/20260406794632/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Terreno Realty Corporation
<br xmlns="http://www.w3.org/1999/xhtml"></br>Jaime Cannon
<br xmlns="http://www.w3.org/1999/xhtml"></br>415-655-4580

</p>

Terreno Realty Corporation sold a fully leased industrial property in Torrance, CA, for approximately $31.1 million. This sale, achieved at a 10.3% internal rate of return, underscores the company's strong position in the growing industrial real estate market, which could positively impact TRNO's stock valuation.

Terreno Realty Corporation Sells Property in Torrance, CA for $31.1 Million

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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