Terreno Realty Corporation (TRNO) Bundle
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 PositioningTerreno 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 |
- 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 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% |
- 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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