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TRNO on a Selling Spree: Disposes of Another Asset in California
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Key Takeaways
Terreno Realty sold a 2.3-acre leased Santa Fe Springs property for $11M on Aug. 7, 2025.
The asset, bought in 2018 for $6.4M, delivered a 13.2% unleveraged internal rate of return.
Recent sales and a 6.1% dividend hike highlight the REITs portfolio optimization strategy.
Terreno Realty Corporation (TRNO - Free Report) announced the disposition of an industrial property located in Santa Fe Springs, CA. The sale was carried out on Aug. 7, 2025, for approximately $11 million. This move highlights the company’s strategy of disposing of non-core assets and building a more robust portfolio, which will aid future growth.
The property consists of a 2.3-acre improved land parcel, 100% leased. Terreno Realty had purchased the property on Nov. 14, 2018, for $6.4 million. The investment yielded an unleveraged internal rate of return of 13.2% to the company.
Terreno Realty’s dispositions are an integral part of its ongoing efforts to optimize its portfolio and enhance its financial performance. Last month, the company sold an industrial property, a 100% leased 2.1-acre improved land parcel in Tukwila, WA, for $9.5 million.
In the same month, Terreno Realty sold a portfolio of industrial properties in Doral, FL. The portfolio of six buildings, spanning around 302,000 square feet on 14.6 acres of land and 91% leased to 21 tenants, was disposed of at an aggregate sale value of around $23.7 million.
Earlier this month, Terreno declared a dividend of 52 cents per share for the third quarter of 2025. This marked an increase of 6.1% over the prior dividend level. In the last five years, this industrial REIT has increased its dividend six times, with a five-year annualized dividend growth rate of 14.11%. These efforts to increase the dividend reaffirm investors’ confidence in the stock. Check out the Dividend History of the company.
Over the past month, shares of this Zacks Rank #2 (Buy) company have dropped 6.9% compared with the industry's decline of 2.5%.
Image: Bigstock
TRNO on a Selling Spree: Disposes of Another Asset in California
Key Takeaways
Terreno Realty Corporation (TRNO - Free Report) announced the disposition of an industrial property located in Santa Fe Springs, CA. The sale was carried out on Aug. 7, 2025, for approximately $11 million. This move highlights the company’s strategy of disposing of non-core assets and building a more robust portfolio, which will aid future growth.
The property consists of a 2.3-acre improved land parcel, 100% leased. Terreno Realty had purchased the property on Nov. 14, 2018, for $6.4 million. The investment yielded an unleveraged internal rate of return of 13.2% to the company.
Terreno Realty’s dispositions are an integral part of its ongoing efforts to optimize its portfolio and enhance its financial performance. Last month, the company sold an industrial property, a 100% leased 2.1-acre improved land parcel in Tukwila, WA, for $9.5 million.
In the same month, Terreno Realty sold a portfolio of industrial properties in Doral, FL. The portfolio of six buildings, spanning around 302,000 square feet on 14.6 acres of land and 91% leased to 21 tenants, was disposed of at an aggregate sale value of around $23.7 million.
Earlier this month, Terreno declared a dividend of 52 cents per share for the third quarter of 2025. This marked an increase of 6.1% over the prior dividend level. In the last five years, this industrial REIT has increased its dividend six times, with a five-year annualized dividend growth rate of 14.11%. These efforts to increase the dividend reaffirm investors’ confidence in the stock. Check out the Dividend History of the company.
Over the past month, shares of this Zacks Rank #2 (Buy) company have dropped 6.9% compared with the industry's decline of 2.5%.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked stocks from the broader REIT sector are W.P. Carey (WPC - Free Report) and Host Hotels & Resorts (HST - Free Report) , each currently carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for WPC’s 2025 FFO per share has moved one cent southward to $4.87 over the past week.
The consensus estimate for HST’s 2025 FFO per share has moved one cent northward to $1.95 over the past week.
Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.