TRNO

BELLEVUE, Wash., August 05, 2026--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending September 30, 2026 of $0.57 per common share, an increase of 9.6% over the prior dividend level. The dividend will be payable on October 9, 2026 to common stockholders of record at the close of business on September 30, 2026. Terreno Realty Corporation filed its quarterly report on Form 10-Q for the quarter ended June 30, 2026 with the U.S. Securities and Exchange Commission. The financial statements and supplemental financial information are available in the Investors & Media section of Terreno Realty Corporation’s website, www.terreno.com. 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. Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "might," "plan," "project," "result," "should," "will," "seek," "target," "see," "likely," "position," "opportunity," "outlook," "potential," "enthusiastic," "future" and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends. View source version on businesswire.com: https://www.businesswire.com/news/home/20260804688989/en/ Contacts Jaime Cannon415-655-4580

97.6% quarter-end occupancy compared to prior quarter of 96.3% and prior year of 97.7% 97.8% quarter-end same-store occupancy compared to prior quarter of 97.6% and prior year of 97.7% 27.7% increase in cash rents on new and renewed leases commencing during the second quarter; 25.3% increase year-to-date $172.3 million of acquisitions; $274.1 million year-to-date $89.5 million of acquisitions under contract, access agreements or letters of intent $31.1 million of dispositions; $86.2 million year-to-date $23.8 million of dispositions under contract Completed the development and stabilization of one property with a total investment of $55.3 million; year-to-date completed the development and stabilization of two properties with a total investment of $98.7 million Issued 1,992,940 shares of common stock at $66.46 per share under ATM for gross proceeds of $132.4 million; during the six months ended June 30 issued 4,074,228 shares of common stock at $65.64 per share under ATM for gross proceeds of $267.4 million Assigned a first-time issuer rating of Baa1 with a stable outlook by Moody’s Ratings BELLEVUE, Wash., July 08, 2026--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the second quarter of 2026. Operating As of June 30, 2026, Terreno Realty Corporation owned 316 buildings aggregating approximately 20.6 million square feet and 46 improved land parcels consisting of approximately 147.0 acres leased to 697 customers: The operating portfolio was 97.6% leased at June 30, 2026 as compared to 96.3% at March 31, 2026 and 97.7% at June 30, 2025; The same-store portfolio of approximately 17.5 million square feet was 97.8% leased at June 30, 2026 as compared to 97.6% at March 31, 2026 and 97.7% at June 30, 2025; The improved land portfolio of 46 parcels totaling approximately 147.0 acres was 93.3% leased at June 30, 2026 as compared to 96.6% at March 31, 2026 and 95.1% at June 30, 2025; Cash rents on new and renewed leases totaling approximately 0.8 million square feet and 7.5 acres of improved land commencing during the second quarter increased approximately 27.7% with a tenant retention ratio of 55.6% for the operating portfolio and 100.0% for the improved land portfolio. Cash rents on new and renewed leases totaling approximately 1.5 million square feet and 14.7 acres of improved land commencing during the six months ended June 30, 2026 increased approximately 25.3% with a tenant retention ratio of 63.2% for the operating portfolio and 60.3% for the improved land portfolio; Executed an early lease renewal for 27,000 square feet in Washington, D.C. with the Supreme Court of the United States. The lease, which was to expire in 2032, will now expire March 2036. In addition, the Supreme Court has leased an adjacent vacant 29,000 square feet. The lease of the previously vacant space commenced April 1, 2026 and will expire March 2036; Executed an early lease renewal for 68,000 square feet in Washington, D.C. with a provider of educational services. The lease will commence December 1, 2026 and expire December 2031; Executed a lease for a transshipment facility on 10.2 acres in Hayward, California with a fully autonomous all-electric ride-hailing provider. The lease commenced March 13, 2026 and will expire March 2031; Executed a pre-lease for a 4.6-acre improved land parcel in Elizabeth, New Jersey with a truck sale and lease operator. The lease will commence November 1, 2026 immediately upon expiration of an existing tenant lease and will expire January 2034; Executed an early lease renewal for 107,000 square feet in Kent, Washington with a provider of flooring products and services. The lease will commence May 1, 2027 and expire July 2032; Executed a lease for 92,000 square feet in Kearny, New Jersey with a third-party logistics provider. The lease commenced June 30, 2026 and will expire December 2031; Executed an early lease renewal for 102,000 square feet in Hayward, California with a moving and storage operator. The lease will commence December 1, 2026 and expire January 2032; Executed a lease for 94,000 square feet in Union City, California with a provider of IT infrastructure, cloud and security solutions. The lease will commence September 1, 2026 and will expire October 2033. To facilitate the new lease, Terreno Realty Corporation terminated effective August 31, 2026 the in-place lease that was to expire July 2031 and received a negotiated early termination payment from the prior tenant of approximately $2.0 million; Executed new and renewal leases totaling 233,000 square feet at Countyline Corporate Park Phase III in Hialeah, Florida. Countyline Corporate Park Buildings 26 and 28 total 422,000 square feet and are currently 100% leased to six tenants with 83,000 square feet expiring April 2027. To facilitate the new leases, Terreno Realty Corporation has executed an early termination effective July 31, 2026 with the tenant that was to expire April 2027. A provider of turbine engine disassembly, repair, logistics and storage services will relocate from 106,000 square feet in Building 28 expiring April 2030 to 83,000 square feet in Building 26. The lease will commence August 1, 2026 and expire March 2035. Terreno Realty Corporation has executed an early renewal and expansion lease with a global wholesale packaging provider in Building 28. The early renewal for 43,000 square feet will commence October 1, 2027 and expire January 2035. The expansion lease for 106,000 square feet is expected to commence November 1, 2026 and will expire January 2035. After commencement of the new leases Countyline Corporate Park Buildings 26 and 28 will be 100% leased to five tenants; and Executed a lease for 68,000 square feet in Doral, Florida with an importer and exporter of fresh produce. The lease commenced June 30, 2026 and will expire July 2037. Further, Terreno Realty Corporation has executed an expansion lease with an adjacent tenant for an additional 10,000 square feet, bringing the 194,000 square foot building acquired in September 2025 to 100% leased. The expansion lease will commence September 30, 2026 and will expire May 2032. Investment During the second quarter of 2026, Terreno Realty Corporation acquired four industrial properties consisting of six buildings containing approximately 518,000 square feet for an aggregate purchase price of approximately $172.3 million. The second quarter investment activity was as follows: 201-395 Mendell Street: One industrial distribution building containing approximately 65,000 square feet on 3.8 acres located in San Francisco, California, in San Francisco’s India Basin neighborhood. The property provides 17 dock-high and 10 grade-level loading positions and parking for 95 cars. The property was acquired 100% leased to four tenants, all of which expire by May 2031, for a purchase price of approximately $25.9 million and an estimated stabilized cap rate of 5.5%; 5751 General Washington Drive: One industrial distribution building containing approximately 50,000 square feet on 2.8 acres located in Alexandria, Virginia, adjacent to the intersection of I-95 and I-495 (the Capital Beltway). The property provides eight dock-high and one grade-level loading positions and parking for 73 cars. The property was acquired 77% leased to three tenants for a purchase price of approximately $13.0 million and an estimated stabilized cap rate of 5.0%; 3100-3300 Hubbard Road: Three industrial distribution buildings containing approximately 305,000 square feet on 24.0 acres located in Landover, Maryland, adjacent to U.S. Route 50 approximately three miles outside Washington, D.C. The property provides 49 dock-high and nine grade-level loading positions and parking for 417 cars. The property was acquired 92% leased to nine tenants for a purchase price of approximately $77.1 million and an estimated stabilized cap rate of 5.5%; and 10910 NW 144th Street: One industrial distribution building containing approximately 98,000 square feet on 16.8 acres located in Hialeah Gardens, Florida, adjacent to the intersection of Florida’s Turnpike and Okeechobee Road. The property provides nine dock-high and six grade-level loading positions and parking for 596 cars. The property was acquired 100% leased to a leading e-commerce firm for a purchase price of approximately $56.3 million and an estimated stabilized cap rate of 5.0%. Year-to-date, Terreno Realty Corporation has acquired six industrial properties consisting of eight buildings containing approximately 637,000 square feet for an aggregate purchase price of approximately $274.1 million. During the second quarter of 2026, Terreno Realty Corporation sold one property consisting of one building containing approximately 99,000 square feet for a sale price of approximately $31.1 million: One industrial distribution building containing approximately 99,000 square feet on 4.7 acres in Torrance, California, for a sale price of approximately $31.1 million. The property was purchased by Terreno Realty Corporation in January 2018 for approximately $17.5 million. The unleveraged internal rate of return generated by the investment was 10.3%. Year-to-date, Terreno Realty Corporation has sold three properties consisting of four buildings containing approximately 386,000 square feet for an aggregate sale price of approximately $86.2 million. During the second quarter of 2026, Terreno Realty Corporation completed the development and stabilization of Countyline Corporate Park Phase IV Building 34 in Hialeah, Florida. Building 34 is 100% leased to three tenants. Building 34 of Terreno Realty Corporation’s Countyline Corporate Park is a 220,000 square foot 36-foot clear height rear-load industrial distribution building on 13.0 acres with 76 dock-high and two grade-level loading positions and parking for 188 cars. The building is expected to achieve LEED certification, the total investment is $55.3 million and the estimated stabilized cap rate is 5.7%. Year-to-date, Terreno Realty Corporation has completed the development and stabilization of two properties consisting of two industrial distribution buildings aggregating approximately 384,000 square feet, with a total expected investment of $98.7 million. As of June 30, 2026, Terreno Realty Corporation had four properties under development or redevelopment that, upon completion, will consist of four buildings aggregating approximately 0.7 million square feet which are approximately 62.4% pre-leased, with a total expected investment of approximately $268.5 million. Terreno Realty Corporation has approximately $26.1 million of acquisitions under contract and approximately $63.4 million of acquisitions under access agreements or letters of intent. Additionally, Terreno Realty Corporation has approximately $8.8 million of dispositions under contract where due diligence has completed and $15.0 million of dispositions under contract where due diligence has commenced. There is no assurance that Terreno Realty Corporation will acquire or dispose of the properties under contract, access agreements or letters of intent because the proposed acquisitions and dispositions are subject to the completion of satisfactory due diligence, closing conditions and, in the case of access agreements and letters of intent, contracts. Capital Markets During the second quarter of 2026, Terreno Realty Corporation issued 1,992,940 shares of common stock with a weighted average offering price of $66.46 per share under the Company’s at-the-market equity offering program, receiving gross proceeds of $132.4 million. During the six months ended June 30, 2026, Terreno Realty Corporation issued 4,074,228 shares of common stock with a weighted average offering price of $65.64 per share under the Company’s at-the-market equity offering program, receiving gross proceeds of $267.4 million. Terreno Realty Corporation did not repurchase any shares of common stock pursuant to the Company’s share repurchase authorization. On June 12, 2026, Moody’s Ratings assigned Terreno Realty LLC, the operating subsidiary of Terreno Realty Corporation, a first-time issuer rating of Baa1 with a stable outlook. Terreno Realty Corporation currently holds a rating of BBB+ with a stable outlook from Fitch Ratings. As of June 30, 2026, there were no borrowings outstanding under Terreno Realty Corporation’s $600 million revolving credit facility. On July 7, 2026, Terreno Realty Corporation utilized cash on hand to fund $50 million of debt maturities. Terreno Realty Corporation has no further debt maturities in 2026 and $150 million of debt maturities in 2027. Additional information is available on the Company’s website at www.terreno.com. Terreno Realty Corporation expects to file its quarterly report on Form 10-Q for the quarter ended June 30, 2026 on or about August 5, 2026. 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. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words "anticipate", "believe", "estimate", "expect", "intend", "may", "might", "plan", "project", "result", "should", "will", "seek", "target", "see", "likely", "position", "opportunity", "outlook", "potential", "future" and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends. View source version on businesswire.com: https://www.businesswire.com/news/home/20260707971241/en/ Contacts Terreno Realty CorporationJaime Cannon, 415-655-4580

BELLEVUE, Wash., May 06, 2026--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending June 30, 2026 of $0.52 per common share. The dividend will be payable on July 10, 2026 to common stockholders of record at the close of business on June 26, 2026. Terreno Realty Corporation filed its quarterly report on Form 10-Q for the quarter ended March 31, 2026 with the U.S. Securities and Exchange Commission. The financial statements and supplemental financial information are available in the Investors & Media section of Terreno Realty Corporation’s website, www.terreno.com. 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. Additional information about Terreno Realty Corporation is available on the company’s website at www.terreno.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "might," "plan," "project," "result," "should," "will," "seek," "target," "see," "likely," "position," "opportunity," "outlook," "potential," "enthusiastic," "future" and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505017346/en/ Contacts Jaime Cannon 415-655-4580

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Terreno Realty (TRNO) just posted first quarter 2026 earnings that put fresh numbers around its industrial real estate story, with higher sales, net income and earnings per share drawing investor attention to the stock. See our latest analysis for Terreno Realty. The stock has gained 11.98% on a year to date share price basis to US$66.09, with a 5.49% 1 month share price return and 21.58% 1 year total shareholder return, suggesting that momentum has been building around the recent earnings, acquisitions and dividend announcement. If Terreno Realty’s move has you thinking more broadly about real assets and infrastructure, it could be a good moment to look at 34 power grid technology and infrastructure stocks With Terreno Realty trading at US$66.09, only about 6% below the latest analyst price target and carrying a weak value score of 2, the key question is simple: is there still upside here or has the market already priced in future growth? Terreno Realty trades at a P/E of 17.5x at a last close of $66.09, which screens as good value against some benchmarks and expensive against others. The P/E multiple compares the company’s share price to its earnings per share, giving you a quick sense of how much investors are paying for each dollar of earnings. For a REIT focused on industrial real estate across major U.S. coastal markets, this is a common way investors compare pricing across stocks with similar business models and income profiles. At 17.5x, Terreno Realty sits below the estimated fair P/E of 18x. It is also below the broader U.S. market level of 19.3x, yet above the Global Industrial REITs industry average of 16.5x, which suggests investors are currently willing to pay a modest premium to the sector while still at a discount to the wider market and the fair ratio estimate. Explore the SWS fair ratio for Terreno Realty Result: Price-to-earnings of 17.5x (ABOUT RIGHT) However, revenue growth combined with weaker net income growth and Terreno’s focus on a single asset class in a single country could unsettle the current momentum. Find out about the key risks to this Terreno Realty narrative. While the current P/E of 17.5x suggests Terreno Realty is around fair value, the SWS DCF model offers a more cautious take. With the stock at $66.09 versus an estimated future cash flow value of $60.85, the shares screen as overvalued, which could limit upside if sentiment cools. For investors weighing how much weight to give this second lens, Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Terreno Realty for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 44 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. With mixed signals on valuation and sentiment, now is the time to look at the underlying data yourself and decide how comfortable you are with both the potential and the risks around this stock, then weigh up the 3 key rewards and 3 important warning signs If Terreno Realty has your attention, do not stop here. Use this moment to broaden your watchlist with other focused ideas that could fit your style. Target steady compounding potential by scanning for companies that combine income and value through the 12 dividend fortresses Hunt for mispriced quality by checking out the screener containing 23 high quality undiscovered gems before they draw wider market attention Prioritise resilience by filtering for companies with stronger finances using the solid balance sheet and fundamentals stocks screener (45 results) This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TRNO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Healthpeak Properties, Inc. DOC is slated to report its first-quarter 2026 results on May 5, after market close. The company’s quarterly results are likely to display a year-over-year fall in revenues and funds from operations (FFO) per share. In the last reported quarter, this healthcare real estate investment trust (REIT) posted an FFO as adjusted per share of 47 cents, which beat the Zacks Consensus Estimate of 45 cents. Results reflected better-than-anticipated revenues. Growth in total merger-combined same-store cash (adjusted) net operating income was witnessed across the portfolio. In the preceding four quarters, Healthpeak’s FFO, as adjusted per share, surpassed the Zacks Consensus Estimate on two occasions and met in the remaining periods, with the average beat being 1.67%. The graph below depicts this surprise history: Healthpeak Properties, Inc. price-eps-surprise | Healthpeak Properties, Inc. Quote The increasing life expectancy of the U.S. population and biopharma drug development growth opportunities have promoted the lab real estate market fundamentals. Healthpeak’s focus on the lab segment is a strategic fit and is expected to have benefited from this tailwind. Moreover, the senior citizen population is on the rise, and the healthcare expenditure of this age cohort is usually on the higher end compared with the general population. Healthpeak’s life plan communities, which refer to its retirement communities that include independent living, assisted living, memory care and skilled nursing units, is anticipated to have benefited from this positive expenditure trend, supporting the segment’s quarterly performance. However, high interest expenses during the first quarter are likely to have been a spoilsport for Healthpeak. The company’s operators contend with peers for occupancy. This would have likely hurt Healthpeak’s power to raise rents and affect revenues and profitability. For the first quarter, the Zacks Consensus Estimate for DOC’s rental and related revenues stands at $530.72 million, indicating a fall of 1.4% from the year-ago reported number. The Zacks Consensus Estimate for DOC’s interest income and revenues currently stands at $15.69 million, implying a marginal rise from the prior-year period’s reported figure. The Zacks Consensus Estimate for first-quarter total revenues is pegged at $671.93 million, indicating a decline of 4.4% from the year-ago reported number. Before the first-quarter earnings release, the company’s activities were inadequate to gain analysts’ confidence. The Zacks Consensus Estimate for the quarterly FFO per share has decreased a cent to 43 cents over the past month. The figure suggests 6.52% fall from the year-ago quarter’s tally. Our proven model does not conclusively predict a surprise in terms of FFO per share for DOC this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an FFO beat, which is not the case here. Healthpeak currently has an Earnings ESP of -1.55% and carries a Zacks Rank of #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Here are two stocks from the broader REIT sector, Host Hotels & Resort HST and Terreno Realty TRNO, you may want to consider, as our model shows that these have the right combination of elements to report an FFO beat this quarter. HST is slated to report quarterly numbers on May 6. HST has an Earnings ESP of +0.98% and a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. TRNO is slated to report quarterly numbers on May 6. TRNO has an Earnings ESP of +0.50% and carries a Zacks Rank of 3 at present. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Host Hotels & Resorts, Inc. (HST) : Free Stock Analysis Report Terreno Realty Corporation (TRNO) : Free Stock Analysis Report Healthpeak Properties, Inc. (DOC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

96.3% quarter-end occupancy compared to prior quarter of 96.1% and prior year of 96.6% 97.6% quarter-end same-store occupancy compared to prior quarter of 97.6% and prior year of 96.4% 22.4% increase in cash rents on new and renewed leases and tenant retention ratio of 72.6% $101.8 million of acquisitions $24.4 million of acquisitions under contract or letter of intent $55.1 million of dispositions; $86.2 million year-to-date $12.8 million of dispositions under contract Completed the development and stabilization of one property with a total expected investment of $43.4 million Issued 2,081,288 shares of common stock at $64.85 per share under ATM for gross proceeds of $135.0 million Obtained a new $200 million five-year unsecured term loan BELLEVUE, Wash., April 08, 2026--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the first quarter of 2026. Operating As of March 31, 2026, Terreno Realty Corporation owned 310 buildings aggregating approximately 19.9 million square feet and 46 improved land parcels consisting of approximately 147.0 acres leased to 681 customers: The operating portfolio was 96.3% leased at March 31, 2026 as compared to 96.1% at December 31, 2025 and 96.6% at March 31, 2025. Vacancy at both March 31, 2026 and December 31, 2025 included 205,000 square feet (approximately 100bps) of vacancy at Countyline Corporate Park Building 30 in Hialeah, Florida which is 100% pre-leased with leases expected to commence in the second quarter of 2026; The same-store portfolio of approximately 17.5 million square feet was 97.6% leased at March 31, 2026 as compared to 97.6% at December 31, 2025 and 96.4% at March 31, 2025; The improved land portfolio of 46 parcels totaling approximately 147.0 acres was 96.6% leased at March 31, 2026 as compared to 95.4% at December 31, 2025 and 95.1% at March 31, 2025; Cash rents on new and renewed leases totaling approximately 0.7 million square feet and 7.2 acres of improved land commencing during the first quarter increased approximately 22.4% with a tenant retention ratio of 72.6% for the operating portfolio and 45.8% for the improved land portfolio; Executed a lease for 66,000 square feet in Rancho Dominguez, California with a manufacturer and distributor of laboratory reagents, stains and disinfectants. The lease will commence June 1, 2026, immediately after the current lease expires, and will expire September 2036; Executed three full-building leases totaling 145,000 square feet in Redondo Beach, California with a domestic energy company. The leases commence March 1, 2026 for 45,000 square feet, June 1, 2026 for 51,000 square feet and March 1, 2027 for 49,000 square feet, all immediately upon expiration or termination of existing leases. The three leases will expire December 2031. To facilitate the new leases, Terreno Realty Corporation terminated effective February 28, 2026 an in-place lease for 45,000 square feet that was to expire April 30, 2026; Executed an early lease renewal for a 2.8-acre improved land parcel in Gardena, California with a provider of container drayage services. The lease, which was to expire in May 2026, will now expire August 2029. In addition, the tenant has leased an immediately adjacent 2.3-acre improved land parcel which commenced April 1, 2026 upon termination of the existing tenant lease and will expire August 2029; Executed a lease for 88,000 square feet in Countyline Corporate Park Building 25 in Hialeah, Florida with a provider of export and reverse logistics. The lease commences July 1, 2026 and will expire December 2031. In order to facilitate the new lease Terreno Realty Corporation negotiated an early termination with the existing tenant whose lease was to expire August 31, 2026; Executed an early lease renewal for a 3.5-acre improved land parcel in Newark, New Jersey with a leading national full-service equipment rental firm. The lease, which was to expire August 2027, will expire February 2036; and Pre-leased 220,000 square feet in Countyline Corporate Park Phase IV Building 35 in Hialeah, Florida to a national tire distributor commencing with building completion and tenant build-out, expected to be in the fourth quarter of 2026, and expiring July 2032. Building 35, the final of ten buildings developed by Terreno Realty Corporation in Countyline Corporate Park, is under construction and is expected to achieve LEED certification with a total expected investment of $51.3 million. The estimated stabilized cap rate is 6.0%. Investment During the first quarter of 2026, Terreno Realty Corporation acquired two industrial properties consisting of two buildings containing approximately 119,000 square feet for an aggregate purchase price of approximately $101.8 million. The first quarter investment activity was as follows: 28-10 Whitestone Expressway: One cross-dock industrial distribution building containing approximately 81,000 square feet with an additional two floors of indoor parking on 4.0 acres located in College Point, Queens, New York, approximately 1 mile from the Van Wyck Expressway and Grand Central Parkway and approximately 3 miles east of LaGuardia airport. The property provides 13 dock-high and three grade-level loading positions and parking for 226 cars. The building was acquired shell complete for a purchase price of approximately $92.0 million. Terreno Realty Corporation will permit and construct interior finishes, including approximately 8,000 square feet of office, expected to be completed in early 2027. The total expected investment is $103.4 million and the estimated stabilized cap rate is 5.4%; and 175 Canal Street West: One industrial distribution building containing approximately 38,000 square feet on 0.9 acres located in the Bronx, New York, immediately adjacent to the Major Deegan Expressway (I-87) and between the Third Avenue and Madison Avenue bridges. The property was acquired 100% leased for one year for a purchase price of approximately $9.8 million. At lease expiration Terreno Realty Corporation will demolish a portion of the building and construct improvements to improve functionality. After renovation the building is expected to contain approximately 29,000 square feet with seven grade-level loading positions and off-street parking. The total expected investment is $12.2 million and the estimated stabilized cap rate is 5.3% initially and 6.1% after renovation. During the first quarter of 2026, Terreno Realty Corporation sold two properties consisting of three buildings containing approximately 287,000 square feet for an aggregate sale price of approximately $55.1 million: One light industrial building containing approximately 56,000 square feet on 4.5 acres in Lanham, Maryland, for a sale price of approximately $11.1 million. The property was purchased by Terreno Realty Corporation in December 2013 for approximately $5.6 million. The unleveraged internal rate of return generated by the investment was 10.8%; and Two industrial distribution buildings containing approximately 231,000 square feet on 11.1 acres in Gardena, California, for a sale price of approximately $44.0 million. The property, under redevelopment at time of sale, was purchased by Terreno Realty Corporation in December 2017 for approximately $37.6 million. The unleveraged internal rate of return generated by the investment was 6.3%. Subsequent to March 31, 2026, Terreno Realty Corporation sold one property consisting of a 99,000 square foot industrial distribution building in Torrance, California for a sale price of approximately $31.1 million. The property was purchased by Terreno Realty Corporation in January 2018 for approximately $17.5 million. The unleveraged internal rate of return generated by the investment was 10.3%. Year-to-date, Terreno Realty Corporation has sold three properties consisting of four buildings containing approximately 386,000 square feet for an aggregate sale price of approximately $86.2 million. During the first quarter of 2026, Terreno Realty Corporation completed the redevelopment and stabilization of Countyline Corporate Park Phase IV Building 32 in Hialeah, Florida. Building 32 is 100% leased to two tenants. Building 32 of Terreno Realty Corporation’s Countyline Corporate Park is a 164,000 square foot 36-foot clear height rear-load industrial distribution building on 8.3 acres with 53 dock-high and two grade-level loading positions and parking for 148 cars. The building is expected to achieve LEED certification, the total investment is $43.4 million and the estimated stabilized cap rate is 6.0%. As of March 31, 2026, Terreno Realty Corporation had five properties under development or redevelopment that, upon completion, will consist of five buildings aggregating approximately 0.9 million square feet which are approximately 71.5% pre-leased, with a total expected investment of approximately $323.8 million. Terreno Realty Corporation has approximately $11.4 million of acquisitions under contract and approximately $13.0 million of acquisitions under letters of intent. Additionally, Terreno Realty Corporation has approximately $8.8 million of dispositions under contract where due diligence has completed and $4.0 million of dispositions under contract where due diligence has commenced. There is no assurance that Terreno Realty Corporation will acquire or dispose of the properties under contract or letters of intent because the proposed acquisitions and dispositions are subject to the completion of satisfactory due diligence, closing conditions and, in the case of letters of intent, contracts. Capital Markets During the first quarter of 2026, Terreno Realty Corporation issued 2,081,288 shares of common stock with a weighted average offering price of $64.85 per share under the Company’s at-the-market equity offering program, receiving gross proceeds of $135.0 million. Terreno Realty Corporation did not repurchase any shares of common stock pursuant to the Company’s share repurchase authorization. On January 7, 2026, Terreno Realty Corporation obtained a new $200 million five-year unsecured term loan. The loan will mature on January 15, 2031, and the interest rate generally will be SOFR plus 1.15% to 1.65%, depending on leverage. Additionally, the previous 10 basis point SOFR credit spread adjustment premium was eliminated on all credit facility borrowings, including term loans. The current interest rate is SOFR plus 1.15%, and proceeds from the term loan were used to reduce borrowings under Terreno Realty Corporation’s $600 million revolving credit facility and for general corporate purposes. As of March 31, 2026, there were no borrowings outstanding under Terreno Realty Corporation’s $600 million revolving credit facility. Terreno Realty Corporation has $50 million of debt maturities in July 2026 and $150 million of debt maturities in 2027. Additional information is available on the Company’s website at www.terreno.com. Terreno Realty Corporation expects to file its quarterly report on Form 10-Q for the quarter ended March 31, 2026 on or about May 6, 2026. 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. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words "anticipate", "believe", "estimate", "expect", "intend", "may", "might", "plan", "project", "result", "should", "will", "seek", "target", "see", "likely", "position", "opportunity", "outlook", "potential", "future" and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends. View source version on businesswire.com: https://www.businesswire.com/news/home/20260408453057/en/ Contacts Terreno Realty Corporation Jaime Cannon, 415-655-4580

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Terreno Realty (TRNO) focuses on industrial real estate across six major U.S. coastal markets, and its shares recently closed at US$61. That price sits against mixed recent return figures and modest annual revenue and net income shifts. See our latest analysis for Terreno Realty. Recent trading has been choppy, with a 7.41% 1 month share price decline offset by a 3.35% year to date share price return and a 5 year total shareholder return of 18.89%. This suggests momentum has cooled, while longer term holders have still seen positive results. If this kind of mixed performance has you thinking about where else capital could work, it may be worth scanning 20 top founder-led companies With Terreno Realty trading at US$61 alongside mixed recent returns, revenue growth of 8.98% and net income falling 39.31%, the key question is whether the current price offers an attractive entry point or already reflects the company’s potential. At a last close of $61, Terreno Realty is trading on a P/E of 16.2x, which screens as relatively low compared with both the wider US market and its industrial REIT peers. The P/E ratio compares the current share price to earnings per share and gives you a quick sense of how much investors are currently paying for each dollar of profit. For a real estate investment trust, where earnings and dividends matter a lot to income focused investors, this is a commonly watched gauge. For Terreno Realty, a 16.2x P/E sits below the US market average of 18.4x and also below the Global Industrial REITs average of 16.7x, while being well under the peer group average of 33.3x. The fair P/E derived from Simply Wall St’s regression based fair ratio model is 18.8x, a level the market could move towards if sentiment and earnings support it. That mix of a lower current multiple versus both the market and fair ratio model suggests investors are not pricing the company at a premium, even with earnings that grew 118.4% over the past year and 26.3% per year over five years, alongside current net margins of 84.2% helped by a large one off gain of $238.1m. Explore the SWS fair ratio for Terreno Realty Result: Price-to-Earnings of 16.2x (ABOUT RIGHT) However, you still need to weigh risks such as the 39.31% annual net income decline and Terreno’s full reliance on a single US industrial real estate market. Find out about the key risks to this Terreno Realty narrative. The P/E ratio presents Terreno Realty as reasonably priced, but the SWS DCF model is slightly less favorable. With the shares at $61 and the DCF value at $59.67, the stock appears a bit overvalued based on projected cash flows. Which signal matters more for you at this time? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Terreno Realty for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 58 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. With sentiment looking mixed, this is where your own judgment really matters. Take a closer look at the data and weigh the 4 key rewards and 3 important warning signs If Terreno Realty has sharpened your thinking, do not stop here; broadening your watchlist with new ideas can help you spot opportunities you might otherwise miss. Target stability first by using the 73 resilient stocks with low risk scores to focus on companies with resilience front and center. Hunt for value by checking the 58 high quality undervalued stocks that highlight companies combining quality fundamentals with potentially attractive pricing. Strengthen your core holdings through the solid balance sheet and fundamentals stocks screener (39 results) that surfaces businesses with robust financial footing. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TRNO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Terreno Realty (TRNO) has been drawing attention after a modest 1 day decline of about 1.5%, even as its shares show positive returns over the past month and past 3 months. Investors are weighing that short term pullback against longer term total returns. See our latest analysis for Terreno Realty. With the share price at $65.40, Terreno Realty’s recent 6.3% 30 day share price return and 10.8% year to date share price return contrast with a more modest 0.3% 1 year total shareholder return, hinting that momentum has picked up only in recent months as investors reassess its risk and income profile. If this shift in sentiment has you thinking about where else capital might work hard, now could be a good time to broaden your search with our 18 top founder-led companies. Terreno Realty’s recent share price gains, modest 1 year total return, and current discount to analyst targets all pull in different directions. Is the stock quietly undervalued here, or is the market already pricing in future growth? With Terreno Realty closing at $65.40, the current P/E of 17x sits below both the broader US market on 19.4x and the peer average on 36.1x. This points to a more restrained pricing of its earnings than many investors might expect for this industrial REIT. The P/E ratio simply tells you how much investors are paying today for each dollar of earnings. It is especially watched for income oriented, asset backed businesses like REITs. In Terreno Realty’s case, earnings have grown by 118.4% over the past year and by 26.3% per year over the past 5 years, and its recent profit margins of 84.2% are higher than last year’s 48%. These figures are influenced by a large one off gain of $238.1m in the last 12 months. Relative to its space, Terreno Realty is described as trading at good value compared to peers and the industrial REITs industry. Its 17x P/E is below the global industrial REITs average of 17.9x and well below the 36.1x peer average. On top of that, our fair P/E estimate sits at 19x, a level the market could potentially move toward if sentiment on its earnings profile shifted. Explore the SWS fair ratio for Terreno Realty Result: Price-to-earnings of 17x (UNDERVALUED) However, you still need to weigh risks such as the 38.6% annual net income contraction and the 8.4% intrinsic premium implied by our current fair value estimate. Find out about the key risks to this Terreno Realty narrative. While the 17x P/E suggests Terreno Realty might be on the cheap side, our DCF model points the other way. With the shares at $65.40 and an estimated future cash flow value of $60.34, the stock screens as overvalued on this measure. Which signal matters more to you: earnings or cash flows? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Terreno Realty for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 49 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. If this mix of signals feels balanced between concern and opportunity, move quickly to review the numbers yourself. Then weigh the 4 key rewards and 3 important warning signs to decide where you stand. If Terreno Realty has sharpened your focus, do not stop here. A wider watchlist can give you context and help you spot better risk reward trade offs. Spot potential mispriced opportunities early by reviewing our screener containing 24 high quality undiscovered gems that filter for quality businesses flying under the radar. Prioritise resilience in choppy markets with the 75 resilient stocks with low risk scores, built around companies that score well on our internal risk metrics. Keep an eye on financial strength and flexibility through the solid balance sheet and fundamentals stocks screener (40 results), focusing on businesses with balance sheets that can support future decisions. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TRNO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

BELLEVUE, Wash., February 04, 2026--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending March 31, 2026 of $0.52 per common share. The dividend will be payable on April 10, 2026 to common stockholders of record at the close of business on March 27, 2026. Terreno Realty Corporation filed its annual report on Form 10-K for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission. The financial statements and supplemental financial information are available in the Investors & Media section of Terreno Realty Corporation’s website, www.terreno.com. 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. Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "might," "plan," "project," "result," "should," "will," "seek," "target," "see," "likely," "position," "opportunity," "outlook," "potential," "enthusiastic," "future" and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends. View source version on businesswire.com: https://www.businesswire.com/news/home/20260202928656/en/ Contacts Jaime Cannon 415-655-4580