{"success":true,"data":{"pressRelease":{"id":"170505","rtpr_id":"nBw8Pjm3Qa-20261015","ticker":"TRNO","exchange":"NYSE","all_tickers":["TRNO"],"title":"Terreno Realty Corporation Sells Property in East Rutherford, NJ for $25.0 Million","author":"Business Wire","published_at":"2026-10-15T13:15:00.136Z","article_body":"Terreno Realty Corporation Sells Property in East Rutherford, NJ for $25.0\nMillion\n\nTerreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of\nindustrial real estate in six major coastal U.S. markets, sold an industrial\nproperty located in East Rutherford, New Jersey on October 14, 2026 for a sale\nprice of approximately $25.0 million.\n\nThe property consists of a 86,000 square foot rear-load industrial\ndistribution building on 4.3 acres which is vacant. The property was purchased\nby Terreno Realty Corporation on October 15, 2015 for $9.3 million. The\nunleveraged internal rate of return generated by the investment was 11.0%.\n\nTerreno Realty Corporation acquires, owns and operates industrial real estate\nin six major coastal U.S. markets: New York City/Northern New Jersey; Los\nAngeles; Miami; San Francisco Bay Area; Seattle; and Washington, D.C.\n\nAdditional information about Terreno Realty Corporation is available on the\ncompany’s web site at www.terreno.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.terreno.com&esheet=54620109&newsitemid=20261011644435&lan=en-US&anchor=www.terreno.com&index=1&md5=cca4b046f1c3149445e665099022a875)\n.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe federal securities laws. We caution investors that forward-looking\nstatements are based on management’s beliefs and on assumptions made by, and\ninformation currently available to, management. When used, the words\n“anticipate,” “believe,” “estimate,” “expect,” “intend,”\n“may,” “might,” “plan,” “project,” “result,” “should,”\n“will,” “seek,” “target,” “see,” “likely,” “position,”\n“opportunity,” “outlook,” “potential,” “enthusiastic,”\n“future” and similar expressions which do not relate solely to historical\nmatters are intended to identify forward-looking statements. These statements\nare subject to risks, uncertainties, and assumptions and are not guarantees of\nfuture performance, which may be affected by known and unknown risks, trends,\nuncertainties, and factors that are beyond our control, including risks\nrelated to our ability to meet our estimated forecasts related to stabilized\ncap rates and those risk factors contained in our Annual Report on Form 10-K\nfor the year ended December 31, 2025 and our other public filings. Should one\nor more of these risks or uncertainties materialize, or should underlying\nassumptions prove incorrect, actual results may vary materially from those\nanticipated, estimated, or projected. We expressly disclaim any responsibility\nto update our forward-looking statements, whether as a result of new\ninformation, future events, or otherwise, except as required by law.\nAccordingly, investors should use caution in relying on past forward-looking\nstatements, which are based on results and trends at the time they are made,\nto anticipate future results or trends.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261011644435/en/\n(https://www.businesswire.com/news/home/20261011644435/en/)\n\nTerreno Realty Corporation\n\nJaime Cannon\n\n415-655-4580\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw8Pjm3Qa-20261015","title":"Terreno Realty Corporation Sells Property in East Rutherford, NJ for $25.0 Million","author":"Business Wire","ticker":"TRNO","created":"2026-10-15T13:15:00.136Z","tickers":["TRNO"],"exchange":"NYSE","article_body":"Terreno Realty Corporation Sells Property in East Rutherford, NJ for $25.0\nMillion\n\nTerreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of\nindustrial real estate in six major coastal U.S. markets, sold an industrial\nproperty located in East Rutherford, New Jersey on October 14, 2026 for a sale\nprice of approximately $25.0 million.\n\nThe property consists of a 86,000 square foot rear-load industrial\ndistribution building on 4.3 acres which is vacant. The property was purchased\nby Terreno Realty Corporation on October 15, 2015 for $9.3 million. The\nunleveraged internal rate of return generated by the investment was 11.0%.\n\nTerreno Realty Corporation acquires, owns and operates industrial real estate\nin six major coastal U.S. markets: New York City/Northern New Jersey; Los\nAngeles; Miami; San Francisco Bay Area; Seattle; and Washington, D.C.\n\nAdditional information about Terreno Realty Corporation is available on the\ncompany’s web site at www.terreno.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.terreno.com&esheet=54620109&newsitemid=20261011644435&lan=en-US&anchor=www.terreno.com&index=1&md5=cca4b046f1c3149445e665099022a875)\n.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe federal securities laws. We caution investors that forward-looking\nstatements are based on management’s beliefs and on assumptions made by, and\ninformation currently available to, management. When used, the words\n“anticipate,” “believe,” “estimate,” “expect,” “intend,”\n“may,” “might,” “plan,” “project,” “result,” “should,”\n“will,” “seek,” “target,” “see,” “likely,” “position,”\n“opportunity,” “outlook,” “potential,” “enthusiastic,”\n“future” and similar expressions which do not relate solely to historical\nmatters are intended to identify forward-looking statements. These statements\nare subject to risks, uncertainties, and assumptions and are not guarantees of\nfuture performance, which may be affected by known and unknown risks, trends,\nuncertainties, and factors that are beyond our control, including risks\nrelated to our ability to meet our estimated forecasts related to stabilized\ncap rates and those risk factors contained in our Annual Report on Form 10-K\nfor the year ended December 31, 2025 and our other public filings. Should one\nor more of these risks or uncertainties materialize, or should underlying\nassumptions prove incorrect, actual results may vary materially from those\nanticipated, estimated, or projected. We expressly disclaim any responsibility\nto update our forward-looking statements, whether as a result of new\ninformation, future events, or otherwise, except as required by law.\nAccordingly, investors should use caution in relying on past forward-looking\nstatements, which are based on results and trends at the time they are made,\nto anticipate future results or trends.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261011644435/en/\n(https://www.businesswire.com/news/home/20261011644435/en/)\n\nTerreno Realty Corporation\n\nJaime Cannon\n\n415-655-4580\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-15T13:15:00.213412095Z","server_sent_at_ms":1792070100213},"received_at":"2026-10-15T13:15:00.312Z","source_url":"https://www.businesswire.com/news/home/20261011644435/en/"},"analysis":{"id":"158695","press_release_id":"170505","analysis_json":{"industry":{"label":"Industrial REITs","sector":"Real Estate"},"redFlags":[],"eventType":"operations_update","narrative":"Terreno Realty sold an 86,000-square-foot vacant industrial distribution building in East Rutherford, NJ for approximately $25.0 million on October 14, 2026.\n\nThe company purchased the 4.3-acre property in October 2015 for $9.3 million, generating an 11.0% unleveraged internal rate of return on the investment.\n\nThe disposition adds liquidity to a portfolio concentrated in six major coastal U.S. industrial markets, including New York City/Northern New Jersey.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine portfolio recycling -- TRNO exits a vacant NJ asset at an 11% unleveraged IRR after a ~2.7x return on 2015 basis."},"keyFigures":{"dealValueUsd":25000000,"customDimensions":{"acreage":4.3,"building_sqft":86000,"unleveraged_irr":"11.0%","purchase_price_2015":"$9.3 million"}},"namedEntities":{"people":[{"name":"Jaime Cannon","role":"company contact"}],"products":[],"companies":[{"name":"Terreno Realty Corporation","ticker":"TRNO","relationship":"filer"}],"dollarAmounts":[{"amount":"$25.0 million","context":"sale price of East Rutherford, NJ industrial property"},{"amount":"$9.3 million","context":"original purchase price on October 15, 2015"}]},"materialImpact":{"score":2,"reasoning":"Routine asset disposition of a single vacant industrial property for $25.0M, realizing an 11.0% unleveraged IRR. Positive but modest relative to a REIT's portfolio and not market-moving."},"tickerRelevance":{"others":[],"primary":"TRNO"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap REIT","eventGravity":"single-asset disposition","householdBrandBoost":false,"retailFavoriteBoost":false}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Terreno Realty sold an 86,000-square-foot vacant industrial distribution building in East Rutherford, NJ for approximately $25.0 million on October 14, 2026.\n\nThe company purchased the 4.3-acre property in October 2015 for $9.3 million, generating an 11.0% unleveraged internal rate of return on the investment.\n\nThe disposition adds liquidity to a portfolio concentrated in six major coastal U.S. industrial markets, including New York City/Northern New Jersey.","key_figures":{"dealValueUsd":25000000,"customDimensions":{"acreage":4.3,"building_sqft":86000,"unleveraged_irr":"11.0%","purchase_price_2015":"$9.3 million"}},"named_entities":{"people":[{"name":"Jaime Cannon","role":"company contact"}],"products":[],"companies":[{"name":"Terreno Realty Corporation","ticker":"TRNO","relationship":"filer"}],"dollarAmounts":[{"amount":"$25.0 million","context":"sale price of East Rutherford, NJ industrial property"},{"amount":"$9.3 million","context":"original purchase price on October 15, 2015"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-15T13:15:05.763Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"mid-cap REIT","eventGravity":"single-asset disposition","householdBrandBoost":false,"retailFavoriteBoost":false}},"durationMs":5424,"modelName":"glm-5.3-flashx"}}