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BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Torrance, CA.
Allspring Global Investments Holdings LLC trimmed its stake in Terreno Realty Corporation (NYSE: TRNO) by 5.2% during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 382,310 shares of the real estate investment trust's stock after selling 21,057 shares during the quarter. Allspring
Terreno Realty was sold as shares became overpriced, trading above 30x forward AFFO amid rising Treasury yields. TRNO's strong industrial portfolio and robust same-property NOI growth justified premium multiples, but current valuation exceeds prudent expectations. Despite minimal debt exposure and superior management, TRNO's revised EBITDA yield of 3.96% highlights stretched valuation versus peers like REXR.
Terreno Realty's leasing wins in Florida, California and New Jersey boost occupancy, extend cash flow visibility and highlight demand in core logistics markets.
Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it ha
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Leases in Hialeah, FL.
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Union City, CA.
TRNO boosts income visibility with early lease renewals and new industrial deals as rent growth and tenant retention stay strong.
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