TRNO Stock - Terreno Realty Corp.

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Terreno Realty Corporation, along with its subsidiaries (referred to as "the Company"), specializes in the acquisition, ownership, and operation of industrial real estate across six major coastal markets in the United States: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. As of September 30, 2020, the Company's portfolio comprised 219 buildings totaling approximately 13.1 million square feet, 22 improved land parcels spanning approximately 85.0 acres, and one property undergoing redevelopment, expected to encompass about 0.2 million square feet upon completion. These figures, including square footage, acreage, occupancy rates, and property counts, are presented in unaudited condensed notes accompanying the consolidated financial statements.

The Company operates as an internally managed Maryland corporation and has elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, beginning with its taxable year ending December 31, 2010. This REIT status provides tax advantages, allowing the Company to distribute at least 90% of its taxable income to shareholders in the form of dividends. Terreno Realty Corporation focuses on strategically located properties that serve the logistical needs of a diverse range of tenants, including e-commerce, manufacturing, distribution, and logistics firms. Its investment strategy emphasizes proximity to key transportation hubs and densely populated areas, enhancing the attractiveness of its properties to prospective tenants seeking efficient supply chain solutions.

With a disciplined approach to property acquisition and active management, the Company aims to capitalize on the growing demand for industrial real estate driven by e-commerce expansion and shifting consumer behaviors. Terreno Realty Corporation continues to pursue opportunities for portfolio growth while maintaining a balanced and diversified asset base that supports long-term value creation for its shareholders.

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