- Terreno Realty ( NYSE: TRNO ) said Thursday it commenced an offering of 5M shares , sending its stock 3.2% lower after hours.
- Underwriters will be granted a 30-day option to buy up to an additional 750K shares.
- Net proceeds will be used for future acquisitions, including acquisition of a 121-acre project that is entitled for 2.2M sq. ft. of industrial distribution buildings in Miami's Countyline Corporate Park, for redevelopments and other general corporate purposes.
- Earlier, Terreno ( TRNO ) reported $59.4M acquisitions and 98.6% occupancy in Q4 .
For further details see:
Terreno Realty stock falls 3% after hours on 5M share offering