Company Description
Terreno Realty Corporation (“Terreno”, and together with its subsidiaries, “we”, “us”, “our”, “our Company” or “the Company”) acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
We invest in several types of industrial real estate, including warehouse/distribution (approximately 79.7% of our total annualized base rent as of December 31, 2024), flex (including light industrial and research and development, or R&D) (approximately 3.4%), transshipment (approximately 6.0%) and improved land (approximately 10.9%).
We target functional properties in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which we operate.
Infill locations are geographic locations surrounded by high concentrations of already developed land and existing buildings.
As of December 31, 2024, we owned a total of 299 buildings (including one building held for sale) aggregating approximately 19.3 million square feet, 47 improved land parcels consisting of approximately 150.6 acres, six properties under development or redevelopment and approximately 22.4 acres of land entitled for future development.
As of December 31, 2024, the buildings and improved land parcels were approximately 97.4% and 95.1% leased, respectively, to 670 customers, the largest of which accounted for approximately 5.5% of our total annualized base rent.
We are an internally managed Maryland corporation and elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, or the Code, commencing with our taxable year ended December 31, 2010.
| Country | United States |
| Founded | 2009 |
| IPO Date | Feb 10, 2010 |
| Industry | REIT - Industrial |
| Sector | Real Estate |
| Employees | 42 |
| CEO | W. Baird |
Contact Details
Address: 10500 NE 8th Street, Suite 301 Bellevue, Washington 98004-8617 United States | |
| Phone | (415) 655-4580 |
| Website | terreno.com |
Stock Details
| Ticker Symbol | TRNO |
| Exchange | NYSE |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001476150 |
| CUSIP Number | 88146M101 |
| ISIN Number | US88146M1018 |
| Employer ID | 27-1262675 |
| SIC Code | 6500 |
Key Executives
| Name | Position |
|---|---|
| W. Blake Baird | Co-Founder, Chairman and Chief Executive Officer |
| Michael A. Coke CPA | Co-Founder, President and Director |
| John Tull Meyer | Executive Vice President and Chief Operating Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Mar 21, 2025 | ARS | Filing |
| Mar 21, 2025 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Mar 21, 2025 | DEF 14A | Other definitive proxy statements |
| Feb 5, 2025 | 10-K | Annual Report |
| Feb 5, 2025 | SCHEDULE 13G | Filing |
| Jan 31, 2025 | SCHEDULE 13G/A | Filing |
| Jan 24, 2025 | 8-K | Current Report |
| Jan 8, 2025 | SCHEDULE 13G | Filing |
| Nov 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Nov 7, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |