Terreno Realty Corporation announced its quarterly operating, investment, and capital markets activity, reporting a quarter-end occupancy rate of 96.1%, compared to 96.2% in the prior quarter and 97.4% in the prior year. Same-store occupancy at quarter-end was 97.2%, down from 98.6% in the previous quarter and 98.2% in the prior year. The company achieved a 29.8% increase in cash rents on new and renewed leases for the quarter, and a 25.4% increase for the full year. During the quarter, Terreno Realty acquired properties totaling $87.4 million, with full-year acquisitions reaching $683.5 million. Acquisitions under contract or letter of intent amounted to $21.2 million. The company completed dispositions of $144.2 million in the quarter and $386.4 million for the year, with $62.7 million of dispositions under contract. Terreno Realty commenced development of one property with an expected investment of $55.5 million, and during 2025, began development of two additional properties with a combined expected investment of $109.6 million. In the fourth quarter of 2025, the company sold a 603,000 square foot industrial distribution building in South Brunswick, New Jersey for approximately $144.2 million, generating an unleveraged internal rate of return of 13.4%. For the full year, eight properties consisting of 15 buildings and approximately 1.6 million square feet were sold for $386.4 million, with an unleveraged internal rate of return of 12.2%. The company has approximately $11.4 million of acquisitions under contract and $9.8 million under letters of intent, as well as $8.8 million of dispositions under contract with completed due diligence and $53.9 million of dispositions under contract with due diligence commenced. All transactions remain subject to satisfactory due diligence and closing conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Terreno Realty Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260107720186) on January 07, 2026, and is solely responsible for the information contained therein.
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