Terreno Realty Corporation reported its third‑quarter 2025 operating, investment, and capital markets activity on October 8, 2025. The company acquired two industrial properties for an aggregate purchase price of approximately $472.6 million and sold three properties for an aggregate sale price of about $102.8 million, bringing its year‑to‑date acquisitions to 21 buildings worth roughly $596.1 million and year‑to‑date dispositions to eight properties totaling $386.4 million. The portfolio as of September 30, 2025 comprised 307 buildings and 44 improved land parcels, leased to 676 customers across six coastal markets.
During the quarter, Terreno commenced development of Countyline Corporate Park Phase IV Building 36 in Hialeah, Florida, with a projected investment of $54.1 million and an expected stabilized cap rate of 5.8 %. It also completed the development and stabilization of Countyline Corporate Park Phase IV Building 33, investing $39.9 million and achieving 100 % lease‑up to three tenants. Both projects are slated for LEED certification, with Building 36 already 51 % pre‑leased.
The company did not issue any shares under its at‑the‑market equity program during the quarter, and its $600 million revolving credit facility had an outstanding balance of approximately $280 million as of September 30, 2025. Terreno has no debt maturities in 2025 and $50 million of maturities scheduled for 2026. The company expects to file its Form 10‑Q for the quarter ended September 30, 2025 on or about November 5, 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.