Terreno Realty Corp. Sells Industrial Property for $8M

Terreno Realty Corp. announces property sale. The company sold an industrial asset in South San Francisco for $8 million, marking a solid return on investment. This reflects a growing trend in industrial real estate, which could positively influence stock prices.

Date: 17-01-2025

AI Rating: 7

Overview of Terreno Realty Corp.'s Sale
Terreno Realty Corp. announced the successful sale of an industrial property in South San Francisco for approximately $8 million. The property, which consists of a single industrial building covering about 22,000 square feet on 0.7 acres, was fully leased, indicating stability in rental income.

Investment Performance
The company originally acquired this property in 2020 for $6.3 million. Over the holding period, it achieved an unleveraged internal rate of return of 7.5 percent, which is a positive indicator of the company's investment strategy and management performance in the industrial real estate sector.

Market Reaction
Post-announcement, Terreno Realty's stock traded at $61.70, reflecting a slight increase of 0.64 percent or $0.39. This upward movement suggests that market sentiment may be favorably responding to the sale, underpinning the company's value and operational efficiency.

Stocks: TRNO