Terreno Realty Corp. TRNO

What this company does

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C. As of December 31, 2025, it owned a total of 309 buildings, including one building held for sale, aggregating approximately 19.8 million square feet, plus 46 improved land parcels consisting of approximately 147.0 acres and six properties under development or redevelopment. As of December 31, 2025, its buildings and improved land parcels were approximately 96.1% and 95.4% leased, respectively, to 683 customers, the largest of which accounted for approximately 4.9% of its total annualized base rent. As of February 3, 2026, it had 47 employees. It invests in several types of industrial real estate, including warehouse/distribution, accounting for approximately 80.5% of its total annualized base rent as of December 31, 2025, flex space at approximately 3.4%, transshipment at approximately 6.0% and improved land at approximately 10.1%. It is a Maryland corporation formed on November 6, 2009, and has been publicly held and subject to U.S. Securities and Exchange Commission reporting obligations since 2010. It is an internally managed Maryland corporation and elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, commencing with its taxable year ended December 31, 2010.

Written from the business description in Terreno Realty Corp's annual report to the U.S. Securities and Exchange Commission, filed 4 February 2026. Every sentence was checked against that document before publication.