TRNO
- Terreno Realty Corporation
()
Overview
Company Summary
Terreno Realty Corporation (TRNO) is a real estate investment trust (REIT) that focuses on acquiring, owning, and operating industrial real estate properties. The company primarily specializes in functional, flexible, and modern industrial properties located in major coastal markets in the United States.
TRNO targets markets with high barriers to entry, such as densely populated areas with limited land availability and high demand for logistics and distribution centers. The company's portfolio includes properties like warehouses, distribution centers, light manufacturing facilities, and other industrial real estate assets.
One of the key strategies of Terreno Realty Corporation is to operate in supply-constrained markets, where there is a limited availability of industrial real estate in desirable locations. This strategy allows TRNO to capture higher rental rates and maintain strong occupancy levels.
The company actively acquires properties through both direct purchases and sale-leaseback transactions. It primarily focuses on acquiring value-add properties, which can be improved or repositioned to achieve higher rental rates and ultimately increase the overall value of its portfolio.
TRNO also invests in development and re-development projects to enhance the value of its existing properties. This may include expanding existing facilities or constructing new buildings to meet the growing demand from tenants.
By focusing on prime industrial real estate in supply-constrained markets, Terreno Realty Corporation aims to provide attractive returns for its shareholders while building a portfolio of high-quality properties that can withstand market cycles and generate stable cash flows.