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Stock impact report

Terreno Realty Announces Lease Renewal, Sees Decent Demand [Yahoo! Finance]

Terreno Realty Corporation (TRNO) 
Last terreno realty corporation earnings: 2/6 04:04 pm Check Earnings Report
US:NYSE Investor Relations: terreno.com
Company Research Source: Yahoo! Finance
This reflects the healthy demand for its properties from existing tenants. The 172,000-square-foot lease of three buildings, originally set to expire in March 2025, has been extended until March 2030. The demand for industrial real estate space has been high amid an e-commerce boom, growth in industries and companies making efforts to improve supply-chain efficiencies. Terreno Realty is also experiencing healthy demand for its properties from both existing and new tenants. Apart from the above lease renewal, on Aug. 16, 2024, the company executed a lease for 69,000 square feet in San Leandro, CA. This lease with an ocean freight provider will commence on Sep. 30, 2024 and is slated for expiry in January 2030. On Aug. 13, 2024, TRNO also announced the execution of an early lease renewal in Torrance, CA, with a global supplier of automotive parts, components and technologies. The 99,000-square-foot lease, originally set to expire in January 2025, has been extended until January 20 Show less Read more
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