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NEW YORK - Terreno Realty Corporation (NYSE:TRNO), a $5.66 billion industrial REIT, announced Wednesday it will increase its quarterly cash dividend by 6.1% to $0.52 per common share for the quarter ending September 30, 2025. According to InvestingPro data, this marks the company’s 11th consecutive year of dividend raises, with the current yield at 3.53%.
The industrial real estate company, which operates in six major coastal U.S. markets, will pay the dividend on October 10 to stockholders of record as of September 29, according to a company press release.
Terreno specializes in acquiring and operating industrial properties in New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
The company also noted in its statement that it has filed its quarterly report on Form 10-Q for the quarter ended June 30, 2025, with the U.S. Securities and Exchange Commission.
Terreno Realty Corporation owns and manages industrial real estate exclusively in coastal markets, focusing on properties that facilitate the movement and storage of goods in supply chains.
In other recent news, Terreno Realty Corporation has sold a portfolio of industrial properties in Doral, Florida, for approximately $82.3 million. The transaction includes six buildings totaling about 302,000 square feet and is 91% leased to 21 tenants. Additionally, Terreno Realty has acquired an industrial property in Santa Ana, California, for $49.5 million. This property features a 134,000-square-foot industrial distribution building on 12.1 acres. In another development, Terreno Realty expanded its portfolio by purchasing a property near Los Angeles International Airport for $10 million. This site includes a 34,000-square-foot industrial flex building that is fully leased to four tenants. On the analyst front, Citizens JMP reiterated a Market Outperform rating for Terreno Realty, highlighting the company’s strong quarterly performance. Meanwhile, Mizuho raised its price target for Terreno Realty to $53, citing progress in leasing activities.
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