Terreno Realty Corporation Acquires Property in Queens, NY for $50.1 Million
Terreno Realty Corporation (TRNO)
Last terreno realty corporation earnings: 2/6 04:04 pm
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Source: Business Wire
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, acquired an industrial property located in Maspeth Queens, New York on December 27, 2024 for a purchase price of approximately $50.1 million.The property consists of one industrial transshipment building containing approximately 33,000 square feet on 2.6 acres. The property is at 49-15 Maspeth Avenue, less than one mile from the intersection of I-278 (Brooklyn-Queens Expressway) and I-495 (Queens Midtown/Long Island Expressway), provides 40 dock-high and four grade-level loading positions, 50 additional trailer positions and parking for 31 cars. The property is 100% leased to a plumbing, heating, HVAC and industrial products distributor and the estimated stabilized cap rate is 4.5%.Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%
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News
- Terreno Realty Co. (NYSE: TRNO) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $72.00 price target on the stock.MarketBeat
- Terreno Realty acquires property in Florida for ~$195.6M [Seeking Alpha]Seeking Alpha
- Terreno Realty Corporation Acquires Property in Doral, FL for $195.6 Million [Yahoo! Finance]Yahoo! Finance
- Terreno Realty Corporation Acquires Property in Doral, FL for $195.6 MillionBusiness Wire
- Terreno Realty Concludes Redevelopment in Rancho Dominguez [Yahoo! Finance]Yahoo! Finance
TRNO
Earnings
- 11/6/24 - Miss
TRNO
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form SC
- 11/6/24 - Form 10-Q
- TRNO's page on the SEC website