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US equity REITs reported a marginal decline in the median growth rate of their same-store NOI in Q1 as the commercial real estate market continues to face macroeconomic challenges. Among all US equity REITs, the healthcare sector recorded the largest year-over-year gain in same-store NOI during the first quarter, with a median increase of 7.1%. During the first quarter, the office segment incurred losses in its same-store NOI, posting a median year-over-year decline of 0.9%.
TRNO disposes of an industrial property in Commerce, CA, aiming to achieve financial flexibility and long-term growth.
TRNO sells vacant Bellevue asset for $17.5M, locking in 11.1% IRR and boosting portfolio flexibility for future growth.
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Bellevue, WA for $17.5 Million.
TRNO executes a 3.0-acre improved land parcel lease in Rancho Dominguez, CA, and witnesses healthy demand for its properties.
TRNO secures a 53,000-square-foot lease renewal from the United States Postal Service in Washington, D.C., highlighting healthy demand for its properties.
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Rancho Dominguez, CA.
Terreno Realty's has a sound long-term investment philosophy and a focus on coastal industrial real estate, with a track record which backs this up. The company reported 2024 rental revenues of $382 million, driven by same-store rent growth and acquisitions, with adjusted FFO rising to $2.42 per share. Despite a strong balance sheet, recent aggressive acquisitions at lower cap rates raise concerns about sustaining long-term value creation.
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Queens, NY for $7.6 Million.
Terreno's acquisition of industrial properties is likely to aid it in banking on solid industrial real estate market tailwinds.