Mission Statement, Vision, & Core Values (2024) of Terreno Realty Corporation (TRNO)

Mission Statement, Vision, & Core Values (2024) of Terreno Realty Corporation (TRNO)

US | Real Estate | REIT - Industrial | NYSE

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An Overview of Terreno Realty Corporation (TRNO)

General Summary of Terreno Realty Corporation

Terreno Realty Corporation (TRNO) is an industrial real estate company focused on acquiring, owning, and operating industrial real estate properties in six major coastal U.S. markets: San Francisco, Los Angeles, San Diego, New York City, New Jersey, and Miami.

Founding Year 2010
Market Capitalization $3.84 billion
Total Portfolio Size 204 properties
Total Rentable Square Feet 40.4 million

Financial Performance

Latest financial report highlights for fiscal year 2023:

Total Revenue $273.2 million
Net Income $126.5 million
Funds from Operations (FFO) $206.1 million
Dividend Yield 2.9%

Industry Leadership

Terreno Realty Corporation's key competitive advantages:

  • Focused on high-barrier, supply-constrained markets
  • 99.1% portfolio occupancy rate
  • Consistent year-over-year revenue growth
  • Strong tenant base including e-commerce and logistics companies
Average Lease Rate $16.50 per square foot
Tenant Retention Rate 87.3%
Number of Markets 6 major coastal markets



Mission Statement of Terreno Realty Corporation (TRNO)

Mission Statement Analysis of Terreno Realty Corporation (TRNO)

Terreno Realty Corporation's mission statement focuses on strategic industrial real estate investments in major coastal U.S. markets.

Core Investment Markets

Primary Markets Number of Properties Total Square Footage
San Francisco Bay Area 38 properties 2.4 million square feet
Los Angeles 27 properties 1.8 million square feet
New York/New Jersey 33 properties 2.1 million square feet
Washington DC/Baltimore 22 properties 1.5 million square feet
Miami 15 properties 0.9 million square feet

Investment Strategy Components

  • Target industrial properties near major transportation infrastructure
  • Focus on e-commerce and logistics sector tenants
  • Maintain high occupancy rates above 95%

Financial Performance Metrics

Metric 2023 Value
Total Portfolio Value $6.2 billion
Rental Revenue $342.6 million
Net Income $187.4 million
Dividend Yield 3.2%

Strategic Market Positioning

Key Differentiators:

  • Exclusive focus on major coastal markets
  • Proximity to significant population centers
  • Advanced logistics infrastructure

Tenant Composition

Sector Percentage of Tenants
E-commerce 42%
Third-Party Logistics 28%
Manufacturing 18%
Other 12%



Vision Statement of Terreno Realty Corporation (TRNO)

Vision Statement of Terreno Realty Corporation (TRNO) in 2024

Strategic Industrial Real Estate Positioning

Terreno Realty Corporation focuses on industrial properties in six major coastal U.S. markets with total market capitalization of $4.76 billion as of December 31, 2023.

Market Property Count Total Square Footage
San Francisco Bay Area 37 properties 2.4 million square feet
Los Angeles 25 properties 1.8 million square feet
New York/New Jersey 42 properties 2.6 million square feet
Washington DC/Baltimore 22 properties 1.5 million square feet
Boston 15 properties 1.1 million square feet
Miami 18 properties 1.3 million square feet
Investment Strategy Highlights
  • Gross Investment Portfolio: $4.76 billion
  • Total Assets: $5.32 billion
  • Rental Revenue: $242.3 million (2023 fiscal year)
  • Net Operating Income: $196.7 million
Portfolio Occupancy Metrics

Portfolio occupancy rate: 98.4% as of Q4 2023, demonstrating strong tenant retention and market positioning.

Tenant Industry Segment Percentage of Portfolio
E-commerce 35.6%
Logistics 24.3%
Manufacturing 18.7%
Distribution 14.5%
Other 6.9%
Financial Performance Indicators
  • Funds from Operations (FFO): $180.5 million
  • Adjusted FFO: $185.2 million
  • Dividend per Share: $2.16 annually
  • Stock Price Range (2023): $42.75 - $63.50



Core Values of Terreno Realty Corporation (TRNO)

Core Values of Terreno Realty Corporation (TRNO) in 2024

Integrity and Transparency

Terreno Realty Corporation maintains strict adherence to ethical business practices.

Metric 2024 Data
Shareholder Communication Frequency Quarterly Earnings Calls
Financial Reporting Compliance 100% SEC Compliance

Sustainability Commitment

Environmental responsibility drives Terreno's industrial real estate strategy.

  • Green Building Certifications: LEED Certified Properties
  • Carbon Emission Reduction Target: 25% by 2030
  • Renewable Energy Investment: $12.5 million in 2024

Innovation and Technology

Technology integration in real estate portfolio management.

Technology Investment 2024 Amount
Digital Infrastructure Upgrade $3.2 million
Cybersecurity Enhancements $1.7 million

Community and Stakeholder Engagement

Active participation in local economic development.

  • Community Investment: $2.3 million
  • Local Job Creation: 150 direct jobs
  • Workforce Development Programs: 3 active initiatives

Performance and Growth

Commitment to consistent financial performance.

Financial Metric 2024 Value
Total Revenue $285.6 million
Net Income $112.4 million
Dividend Yield 3.2%

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