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0.000489715964740469 0.000734573947110588 -0.000734573947110704 -0.000489715964740469 0 0.00750897812602025 0.00506039830231791 0.00506039830231791
Stock impact report

Terreno Realty (TRNO) Sees Rent Growth in Q1, Occupancy Declines [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
The preliminary results highlight solid growth in cash rents, though occupancy levels declined because of vacancy at some of its properties. Nevertheless, accretive acquisitions and developments are likely to support its growth in the upcoming period. Operational Update TRNO's operating portfolio was 96.2% leased to 572 tenants as of Mar 31, 2024. This marked a decline from 98.5% as of Dec 31, 2023 and 98.1% as of Mar 31, 2023. The decline was mainly due to 123,000 square feet of vacancy at its 620 Division property in Elizabeth, NJ, 69,000 square feet of vacancy at its West Avenue 140th property in San Leandro, CA, and 40,000 square feet of acquired vacancy, of which 16,000 square feet was later leased with a May 2024 commencement date. For the company's improved land portfolio of 45 parcels spanning 152.4 acres, the leased rate was 94.6% as of Mar 31, 2024 compared to 94.6% and 98.9% recorded as of Dec 31, 2023 and Mar 31, 2023, respectively. However, TRNO was able to lock i Show less Read more
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