Terreno Realty Announces Lease at Avenel, Sees Healthy Demand

Zacks2024-11-28

Terreno Realty TRNO recently announced the execution of a lease for 82,000 square feet in Avenel, New Jersey. This lease with a leading national wholesale tire distributor will commence on Dec. 31, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2486803676?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/CR2yFbYpuqpt3oeRxVj68g--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/58c71031fa5f8be56beb2ad29b36efdc","is_english":true,"pubTime":"2024-11-28 01:07","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2486803676","market":"us","top_or_hot":-1,"title":"Terreno Realty Announces Lease at Avenel, Sees Healthy Demand","media":"Zacks","content":"<div>\n<p>Terreno Realty TRNO recently announced the execution of a lease for 82,000 square feet in Avenel, New Jersey. This lease with a leading national wholesale tire distributor will commence on Dec. 31, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/terreno-realty-announces-lease-avenel-170700289.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Terreno Realty Announces Lease at Avenel, Sees Healthy Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTerreno Realty Announces Lease at Avenel, Sees Healthy Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-28 01:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/terreno-realty-announces-lease-avenel-170700289.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Terreno Realty TRNO recently announced the execution of a lease for 82,000 square feet in Avenel, New Jersey. This lease with a leading national wholesale tire distributor will commence on Dec. 31, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/terreno-realty-announces-lease-avenel-170700289.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CUZ","symbol_name":"卡津斯不动产信托基金","start_time":0,"source_url":"https://finance.yahoo.com/news/terreno-realty-announces-lease-avenel-170700289.html","article_id":"2486803676","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/CR2yFbYpuqpt3oeRxVj68g--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/58c71031fa5f8be56beb2ad29b36efdc"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486803676","pubTimestamp":1732727220,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Terreno Realty TRNO recently announced the execution of a lease for 82,000 square feet in Avenel, New Jersey. This lease with a leading national wholesale tire distributor will commence on Dec. 31, 2024, and is slated for expiry in January 2030.This real estate investment trust , which acquires, owns and operates industrial real estate in six major coastal U.S. markets, has been experiencing healthy demand for its properties from both existing and new tenants. On Nov. 7, 2024, the company announced the execution of an early lease renewal in Jamaica Queens, NY, with a manufacturer of pre-cooked meals. The 50,000-square-foot lease, originally set to expire in September 2026, has been extended until September 2036.Apart from these, on Oct. 1, 2024, Terreno also announced that it has executed a 75,000-square-foot lease in Elizabeth, NJ. This lease with a third-party logistics provider is commenced on Sept. 30, 2024, and is set to expire in January 2028.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CUZ":"卡津斯不动产信托基金","BK4223":"办公室房地产信托","BK4171":"工业房地产投资信托","TRNO":"Terreno Realty","BK4194":"办公房地产投资信托","REIT":"ALPS Active REIT ETF","PINE":"Alpine Income Property Trust, Inc.","BK4224":"工业房地产信托","BK4160":"多样化房地产投资信托v"},"translate_title":"Terreno Realty宣布在Avenel租赁，看到健康的需求","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CUZ":1,"PINE":1,"REIT":1,"TRNO":1},"content_text":"Terreno Realty TRNO recently announced the execution of a lease for 82,000 square feet in Avenel, New Jersey. This lease with a leading national wholesale tire distributor will commence on Dec. 31, 2024, and is slated for expiry in January 2030.\nThis real estate investment trust (REIT), which acquires, owns and operates industrial real estate in six major coastal U.S. markets, has been experiencing healthy demand for its properties from both existing and new tenants. On Nov. 7, 2024, the company announced the execution of an early lease renewal in Jamaica Queens, NY, with a manufacturer of pre-cooked meals. The 50,000-square-foot lease, originally set to expire in September 2026, has been extended until September 2036.\nApart from these, on Oct. 1, 2024, Terreno also announced that it has executed a 75,000-square-foot lease in Elizabeth, NJ. This lease with a third-party logistics provider is commenced on Sept. 30, 2024, and is set to expire in January 2028.\nQ3 Leasing Details of Terreno Realty\nTRNO’s operating portfolio was 97% leased to 675 tenants as of Sept. 30, 2024. Its same-store portfolio of 14.6 million square feet was 97.3% leased on Sept. 30, 2024. For the company’s improved land portfolio of 45 parcels spanning 152.4 acres, the leased rate was 98.1% as of Sept. 30, 2024.\nTerreno Realty was able to lock in higher rents on new and renewed leases during the quarter. The cash rents on new and renewed leases commencing during the third quarter of 2024, climbed 24.1%. Moreover, the tenant retention ratio was 67.3% for the operating portfolio and 100% for the improved land portfolio.\nTRNO: In a Nutshell\nWith a solid operating platform, a healthy balance sheet position and strategic expansion moves, TRNO seems well-positioned to capitalize on long-term growth opportunities amid favorable industry fundamentals.\nShares of this Zacks Rank #3 (Hold) company have gained 10% in the past six months compared with the industry’s 19.5% growth.\nImage Source: Zacks Investment Research\nStocks to Consider\nSome better-ranked stocks from the broader REIT sector are Alpine Income Property Trust PINE and Cousins Properties CUZ, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nThe Zacks Consensus Estimate for Alpine Income’s 2024 FFO per share is pinned at $1.70, suggesting year-over-year growth of 15.7%.\nThe Zacks Consensus Estimate for Cousins Properties 2024 FFO per share stands at $2.68, indicating an increase of 2.3% from the year-ago reported figure.\nNote: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCousins Properties Incorporated (CUZ) : Free Stock Analysis Report\nTerreno Realty Corporation (TRNO) : Free Stock Analysis Report\nAlpine Income Property Trust, Inc. (PINE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486803676"}