QUOTE AND NEWS
Forbes  Jul 1  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 7/5/16, Gentex Corp. (NASD: GNTX), New Residential Investment Corp (NYSE: NRZ), and Terreno Realty Corp (NYSE: TRNO) will all trade ex-dividend for their respective upcoming...
Benzinga  May 5  Comment 
Terreno Realty Corporation (NYSE: TRNO) revealed that it purchased an industrial property in Miami, Florida, for about $6.4 million. According to the company, the property consisted of one industrial distribution building containing about 54,000...
Benzinga  May 4  Comment 
Terreno Realty Corporation (NYSE: TRNO) revealed that its board has declared a regular cash dividend of $0.18 per share for the June quarter. According to the company, the dividend would be payable on July 21 to common stockholders. The company...
Benzinga  Apr 12  Comment 
Terreno Realty Corporation (NYSE: TRNO) revealed it acquired four industrial properties that consisted of three buildings having 125,000 square feet for $27.0 million in the first quarter. Terreno Realty indicated that has about $31.5 million...
StreetInsider.com  Feb 19  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Terreno+Realty+%28TRNO%29+Declares+%240.13+Quarterly+Dividend%3B+2.8%25+Yield/9189412.html for the full story.
DailyFinance  Dec 30  Comment 
Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired four buildings containing approximately 229,000 square feet and an adjacent 0.2 acre...
Benzinga  Dec 26  Comment 
Terreno Realty (NYSE: TRNO) acquired an industrial property located in Landover, Maryland on December 23, 2013 for a purchase price of approximately $7.0 million. See full press release (c) 2013 Benzinga.com. Benzinga does not...
DailyFinance  Dec 18  Comment 
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 Totowa, New Jersey on December 17, 2013 for a sale...
DailyFinance  Dec 2  Comment 
Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today lease extensions at its East Caribbean Drive buildings in Sunnyvale, CA. The...
Reuters  Nov 18  Comment 
Terreno Realty Corp : * Acquires building in jessup, md for $6.0 million * Source text for Eikon * Further company coverage




 
TOP CONTRIBUTORS

Terreno Realty Corp. (TRNO) (NYSE:TRNO) is a brand new REIT and targets the industrial real estate market in six U.S. coastal cities. Due to the financial crisis, there are large blocks of vacant industrial land. According to the CRBE, in 2010, the industry availability rate[1], the occupied space on the market and subleases, will be 15.5%, the highest since 1990, and the industrial warehouse rental rates will fall until 2011. With the demand for industry property low, REIT can receive favorable prices for the real estate. [2]

Since this company is a newly formed REIT, the company receives favorable tax benefits and lower tax rates compared to a normal corporation. If the government decides to determine that Terreno Realty Corp. does not qualify as a REIT, the company would face higher taxes on the state and federal level, lowering its potential earnings and stock price. [2]

The company's initial public offering of stock was filed on 10 November 2009 and traded on the NYSE exchange on 9 February 2010. The proposed offer price range was $20.00-$20.00 and traded at the proposed range $20.00. The company offered 8.75 million shares and raised $175 million. [2]

Terreno Realty Corp. is a newly funded REIT, and it plans to use the proceeds from this IPO and private placements to begin its investments. Thus, it does not have a balance sheet nor income statement.[2]


References

  1. Western Real Estate Business
  2. 2.0 2.1 2.2 2.3 Terreno Realty Corp. S-11/A
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