2023-04-11 16:30:05 ET
- Industrial real estate company, Terreno Realty ( NYSE: TRNO ), said on Tuesday that it owned 257 buildings, aggregating ~15.9M sq. ft. and 46 improved land parcels consisting of ~161.4 acres, in Q1.
- The quarter-end occupancy stood at 98.1%, compared to 98.6% at the end of the prior quarter and 96.9% a year ago.
- The quarter-end same-store occupancy was 98.5%, compared to 98.7% at the end of the prior quarter and 97.3% in the prior-year quarter.
- The company reported 69.3% increase in cash rents on new and renewed leases and tenant retention ratio of 54.4%.
- TRNO reported $382.6M of acquisitions and $62.9M under contract.
- The company issued 350K shares for gross proceeds of $22.2M.
- Source: Press Release
For further details see:
Terreno Realty provides Q1 update