Overview
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- TickerTRNO on NYSE1
- IndustryReal Estate1
- HeadquartersSan Francisco, California1
- Business address101 Montgomery Street, Suite 200, San Francisco, Ca 941042
- Filer categoryLarge accelerated filer2
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Some of the risks and uncertainties that may cause our actual results, performance, or achievements to differ materially from those expressed or implied by forward-looking statements include, among others, the following:4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs15¢$73.4M
- Profit85¢$403.0M
Out of $476.4M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Dividends paid75¢$203.9M
- Share buybacks1¢$3.3M
- Kept or used elsewhere24¢$64.7M
Out of $271.9M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental revenues and tenant expense reimbursements | $476.4M | $382.6M | $323.6M |
| Total revenues | $476.4M | $382.6M | $323.6M |
| Property operating expenses | $115.1M | $98.1M | $79.1M |
| Depreciation and amortization | $121.6M | $93.9M | $73.2M |
| General and administrative | $47.3M | $42.6M | $37.9M |
| Acquisition costs and other | $347.0K | $72.0K | $218.0K |
| Total costs and expenses | $284.3M | $234.7M | $190.5M |
| Interest and other income | $5.3M | $12.1M | $5.0M |
| Interest expense, including amortization | -$32.9M | -$20.9M | -$24.8M |
| Gain on sales of real estate investments | $238.4M | $45.4M | $38.2M |
| Total other income | $210.9M | $36.5M | $18.3M |
| Net income | $403.0M | $184.5M | $151.5M |
| Allocation to participating securities | -$1.8M | -$791.0K | -$712.0K |
| Net income available to common stockholders - basic | $401.2M | $183.7M | $150.7M |
| Net income available to common stockholders - diluted | $401.2M | $183.7M | $150.7M |
| Net income available to common stockholders - basic (in dollars per share) | $3.92 | $1.92 | $1.81 |
| Net income available to common stockholders - diluted (in dollars per share) | $3.91 | $1.92 | $1.81 |
| BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) | 102.5M shares | 95.5M shares | 83.2M shares |
| DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) | 102.7M shares | 95.8M shares | 83.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $3.0B | $2.6B | ||
| Buildings and improvements | $2.3B | $2.1B | ||
| Construction in progress | $217.4M | $219.7M | ||
| Intangible assets | $223.5M | $208.5M | ||
| Total investments in properties | $5.8B | $5.1B | $4.0B | |
| Accumulated depreciation and amortization | -$531.8M | -$466.6M | ||
| Net investments in properties | $5.3B | $4.7B | ||
| Properties held for sale, net | $2.3M | $6.3M | ||
| Net investments in real estate | $5.3B | $4.7B | ||
| Cash and cash equivalents | $25.0M | $18.1M | $165.4M | $26.4M |
| Restricted cash | $568.0K | $282.0K | $836.0K | $1.7M |
| Other assets, net | $101.8M | $90.2M | ||
| Total assets | $5.4B | $4.8B | ||
| Credit facility | $200.0M | $82.0M | ||
| Term loans payable, net | $199.6M | $199.4M | ||
| Senior unsecured notes, net | $473.4M | $473.0M | ||
| Mortgage loan payable, net | $70.3M | $69.1M | ||
| Security deposits | $47.6M | $39.8M | ||
| Intangible liabilities, net | $119.4M | $116.5M | ||
| Dividends payable | $54.1M | $48.9M | ||
| Accounts payable and other liabilities | $77.3M | $79.2M | ||
| Total liabilities | $1.2B | $1.1B | ||
| Common stock: $0.01 par value, 400,000,000 shares authorized, and 103,571,992 and 99,238,003 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively. | $1.0M | $994.0K | ||
| Additional paid-in capital | $3.9B | $3.6B | ||
| Common stock held in deferred compensation plan: 527,547 and 497,190 shares at December 31, 2025 and December 31, 2024, respectively. | -$32.8M | -$31.1M | ||
| Retained earnings | $289.1M | $95.3M | ||
| Total stockholders equity | $4.1B | $3.7B | $2.9B | $2.2B |
| Total liabilities and equity | $5.4B | $4.8B | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 103.6M shares | 99.2M shares | ||
| Common stock, shares outstanding (in shares) | 103.6M shares | 99.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $3.0B | $2.6B | ||
| Buildings and improvements | $2.3B | $2.1B | ||
| Construction in progress | $217.4M | $219.7M | ||
| Intangible assets | $223.5M | $208.5M | ||
| Total investments in properties | $5.8B | $5.1B | $4.0B | |
| Accumulated depreciation and amortization | -$531.8M | -$466.6M | ||
| Net investments in properties | $5.3B | $4.7B | ||
| Properties held for sale, net | $2.3M | $6.3M | ||
| Net investments in real estate | $5.3B | $4.7B | ||
| Cash and cash equivalents | $25.0M | $18.1M | $165.4M | $26.4M |
| Restricted cash | $568.0K | $282.0K | $836.0K | $1.7M |
| Other assets, net | $101.8M | $90.2M | ||
| Total assets | $5.4B | $4.8B | ||
| Credit facility | $200.0M | $82.0M | ||
| Term loans payable, net | $199.6M | $199.4M | ||
| Senior unsecured notes, net | $473.4M | $473.0M | ||
| Mortgage loan payable, net | $70.3M | $69.1M | ||
| Security deposits | $47.6M | $39.8M | ||
| Intangible liabilities, net | $119.4M | $116.5M | ||
| Dividends payable | $54.1M | $48.9M | ||
| Accounts payable and other liabilities | $77.3M | $79.2M | ||
| Total liabilities | $1.2B | $1.1B | ||
| Common stock: $0.01 par value, 400,000,000 shares authorized, and 103,571,992 and 99,238,003 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively. | $1.0M | $994.0K | ||
| Additional paid-in capital | $3.9B | $3.6B | ||
| Common stock held in deferred compensation plan: 527,547 and 497,190 shares at December 31, 2025 and December 31, 2024, respectively. | -$32.8M | -$31.1M | ||
| Retained earnings | $289.1M | $95.3M | ||
| Total stockholders equity | $4.1B | $3.7B | $2.9B | $2.2B |
| Total liabilities and equity | $5.4B | $4.8B | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 103.6M shares | 99.2M shares | ||
| Common stock, shares outstanding (in shares) | 103.6M shares | 99.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $403.0M | $184.5M | $151.5M |
| Straight-line rents | -$15.4M | -$9.3M | -$8.5M |
| Amortization of lease intangibles | -$29.3M | -$17.3M | -$13.9M |
| Depreciation and amortization | $121.6M | $93.9M | $73.2M |
| Gain on sales of real estate investments | -$238.4M | -$45.4M | -$38.2M |
| Deferred financing cost and mortgage fair value adjustment amortization | $3.4M | $1.8M | $1.5M |
| Stock-based compensation | $17.7M | $14.9M | $13.5M |
| Other assets | -$981.0K | -$2.3M | -$6.6M |
| Accounts payable and other liabilities | $10.3M | $11.9M | $7.1M |
| Net cash provided by operating activities | $271.9M | $232.7M | $179.7M |
| Proceeds from sales of real estate investments, net | $374.6M | $71.9M | $73.1M |
| Additions to construction in progress | -$70.0M | -$126.4M | -$123.6M |
| Additions to buildings, improvements and leasing costs | -$63.4M | -$46.4M | -$53.1M |
| Net cash used in investing activities | -$452.4M | -$915.5M | -$570.4M |
| Issuance of common stock | $281.0M | $742.7M | $671.3M |
| Issuance costs on issuance of common stock | -$4.1M | -$5.7M | -$5.0M |
| Repurchase of common stock related to employee awards | -$3.3M | -$3.3M | -$1.5M |
| Borrowings on credit facility | $422.5M | $110.0M | $82.0M |
| Payments on credit facility | -$304.5M | -$28.0M | -$82.0M |
| Payments on senior unsecured notes | $0 | -$100.0M | $0 |
| Payment of deferred financing costs | $0 | -$5.8M | -$80.0K |
| Dividends paid to common stockholders | -$203.9M | -$175.0M | -$135.9M |
| Net cash provided by financing activities | $187.8M | $534.9M | $528.9M |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $7.2M | -$147.9M | $138.2M |
| Cash paid for interest, net of capitalized interest | $27.4M | $20.9M | $31.7M |
| Accounts payable related to capital improvements | $29.8M | $34.5M | $26.9M |
| Non-cash issuance of common stock to the deferred compensation plan | -$1.8M | -$5.3M | |
| Non-cash issuance of common stock to the deferred compensation plan | $691.0K | ||
| Lease liability arising from recognition of right-of-use asset | $0 | $2.3M | $0 |
| Acquisition of properties | $728.5M | $937.9M | $512.5M |
| Assumption of mortgage loans payable | $0 | -$72.9M | $0 |
| Unamortized mortgage fair value adjustment | $0 | $3.6M | $0 |
| Assumption of other assets and liabilities | -$34.9M | -$54.2M | -$45.7M |
| Net cash paid for property acquisitions | $693.6M | $814.5M | $466.8M |
No quarter-by-quarter statement was filed.
Corporate structure
Terreno Realty Corp sits at the top of its group. 243 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Terreno Realty Corp
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G/A on Terreno Realty Corp, latest Jul 7, 2026 (2 filings since Apr 29, 2026)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Terreno Realty Corp, latest Apr 30, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Terreno Realty Corp, latest Mar 27, 2026 (5 filings since Feb 10, 2022)
- FMR LLC Filed SCHEDULE 13G/A on Terreno Realty Corp, latest Sep 8, 2025 (5 filings since Feb 9, 2023)
- T. Rowe Price Investment Management, Inc. Filed SCHEDULE 13G/A on Terreno Realty Corp, latest Aug 14, 2025 (4 filings since Feb 14, 2023)
- State Street Corporation Filed SCHEDULE 13G on Terreno Realty Corp, latest Feb 5, 2025
- BlackRock Filed SCHEDULE 13G on Terreno Realty Corp, latest Jan 8, 2025
- Invesco Filed SC 13G/A on Terreno Realty Corp, latest Nov 7, 2024 (2 filings since Feb 9, 2024)
- PRINCIPAL REAL ESTATE INVESTORS LLC Filed SC 13G/A on Terreno Realty Corp, latest Feb 13, 2024 (3 filings since Feb 15, 2022)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Terreno Realty Corp, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
- PGGM Investments Filed SC 13G on Terreno Realty Corp, latest Oct 7, 2021
- Terreno Realty Corp San Francisco, California
- Park 7777 NW 41st Street Holdings LLC Subsidiary · Delaware, United States
- PP Tango NJ 3 LLC Subsidiary · Delaware, United States
- PP Tango NJ 3 REIT LLC Subsidiary · Delaware, United States
- PP Tango NY 1 LLC Subsidiary · Delaware, United States
- PP Tango NY 2LLC Subsidiary · Delaware, United States
- PP Tango NY 3 LLC Subsidiary · Delaware, United States
- PP Tango NY 4 LLC Subsidiary · Delaware, United States
- PP Tango NY 5 LLC Subsidiary · Delaware, United States
- PP Tango NY REIT LLC Subsidiary · Delaware, United States
- Tango Industrial LF1 Holdings Subsidiary · Delaware, United States
- Terreno 1 Dodge Drive LLC Subsidiary · Delaware, United States
- Terreno 10100 NW 25th LLC Subsidiary · Delaware, United States
- Terreno 101st Road LLC Subsidiary · Delaware, United States
- Terreno 104th II LLC Subsidiary · Delaware, United States
- Terreno 107th Ave LLC Subsidiary · Delaware, United States
- Terreno 10th Avenue LLC Subsidiary · Delaware, United States
- Terreno 1100 Walnut LLC Subsidiary · Delaware, United States
- Terreno 1215 Walnut LLC Subsidiary · Delaware, United States
- Terreno 127 Doremus LLC Subsidiary · Delaware, United States
- Terreno 12950 River LLC Subsidiary · Delaware, United States
- Terreno 130 Commerce LLC Subsidiary · Delaware, United States
- Terreno 139th LLC Subsidiary · Delaware, United States
- Terreno 14605 Miller Ave LLC Subsidiary · Delaware, United States
- Terreno 14605 Miller LLC Subsidiary · Delaware, United States
- Terreno 14611 Broadway LLC Subsidiary · Delaware, United States
- and 217 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Terreno Realty Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $3.0B5 Dec 31, 2025 | $2.6B5 Dec 31, 2024 | +16.8% |
| Buildings and improvements | $2.3B5 Dec 31, 2025 | $2.1B5 Dec 31, 2024 | +10.5% |
| Construction in progress | $217.4M5 Dec 31, 2025 | $219.7M5 Dec 31, 2024 | −1.0% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $5.3B5 Dec 31, 2025 | $4.7B5 Dec 31, 2024 | +13.0% |
| Real estate investments, at cost | $5.8B5 Dec 31, 2025 | $5.1B5 Dec 31, 2024 | +13.0% |
| Real estate accumulated depreciation | $531.8M5 Dec 31, 2025 | $466.6M5 Dec 31, 2024 | +14.0% |
| Real estate properties | 2989 Dec 31, 2024 | 2598 Dec 31, 2023 | +15.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $25.0M5 Dec 31, 2025 | $18.1M5 Dec 31, 2024 | +38.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $223.5M5 Dec 31, 2025 | $208.5M5 Dec 31, 2024 | +7.2% |
Properties, in its own words
As of December 31, 2025, we owned a total of 309 buildings (including one building held for sale) aggregating approximately 19.8 million square feet, 46 improved land parcels consisting of approximately 147.0 acres and six properties under development or redevelopment. As of December 31, 2025, the 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 our total annualized base rent. The properties are located in New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. We invest in several types of industrial real estate, including warehouse/distribution buildings, flex buildings (including light industrial and research and development, or R&D), transshipment buildings and improved land parcels. See “Item 1 – Our Investment Strategy – Industrial Facility General Characteristics” in this Annual Report on Form 10-K for a general description of these types of industrial real estate. We target functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which we operate. Infill locations are geographic locations surrounded by high concentrations of already developed land and existing buildings. See our “Consolidated Financial Statements, Schedule III-Real Estate Investments and Accumulated Depreciation” in this Annual Report on Form 10-K for a detailed listing of our properties.
Type · Number of Buildings or Improved Land Parcels · Annualized Base Rent (in thousands) 1 · % of Total
The rest of Item 2
Warehouse/distribution · 271 · 287,366 · 80.5
Flex · 16 · 12,043 · 3.4
Transshipment · 22 · 21,392 · 6.0
Improved land · 46 · 35,918 · 10.1
Total · 355 · 356,719 · 100.0
1Annualized base rent is calculated as contractual monthly base rent per the leases, excluding any partial or full rent abatements, as of December 31, 2025, multiplied by 12.
New York City/Northern New Jersey · Los Angeles · Miami · San Francisco Bay Area · Seattle · Washington, D.C. · Total/Weighted Average
Investments in Real Estate
Number of Buildings · 68 · 61 · 41 · 57 · 54 · 28 · 309
Rentable Square Feet · 3,545,337 · 2,626,153 · 4,659,694 · 3,208,440 · 3,556,981 · 2,180,643 · 19,777,248
% of Total · 17.9 · 13.3 · 23.6 · 16.2 · 18.0 · 11.0 · 100.0
Occupancy % as of December 31, 2025 · 93.0 · 99.5 · 92.2 · 99.3 · 98.3 · 97.1 · 96.1
Annualized Base Rent (in thousands) 1 · 80,447 · 45,413 · 57,653 · 55,895 · 49,040 · 32,353 · 320,801
% of Total · 25.0 · 14.2 · 18.0 · 17.4 · 15.3 · 10.1 · 100.0
Annualized Base Rent 1 Per Occupied Square Foot · 24.41 · 17.38 · 13.42 · 17.54 · 14.02 · 15.29 · 16.88
Weighted Average Remaining Lease Term (Years) 2 · 3.8 · 5.7 · 5.3 · 3.6 · 2.8 · 2.3 · 4.0
Investments in Improved Land
Number of Land Parcels · 14 · 13 · 3 · 5 · 9 · 2 · 46
Acres · 62.8 · 28.8 · 9.9 · 14.4 · 23.8 · 7.3 · 147.0
% of Total · 42.7 · 19.6 · 6.7 · 9.8 · 16.2 · 5.0 · 100.0
Occupancy % as of December 31, 2025 · 99.5 · 89.1 · 100.0 · 100.0 · 85.7 · 100.0 · 95.4
Annualized Base Rent (in thousands) 1 · 14,488 · 9,351 · 2,235 · 3,092 · 5,289 · 1,463 · 35,918
% of Total · 40.4 · 26.0 · 6.2 · 8.6 · 14.7 · 4.1 · 100.0
Annualized Base Rent 1 Per Occupied Square Foot · 5.32 · 8.36 · 5.19 · 4.91 · 5.95 · 4.61 · 5.88
Weighted Average Remaining Lease Term (Years) 2 · 2.9 · 3.1 · 8.0 · 4.9 · 5.1 · 7.5 · 4.0
Total Investments in Real Estate and Improved Land
Annualized Base Rent (in thousands) 1 · 94,935 · 54,764 · 59,888 · 58,987 · 54,329 · 33,816 · 356,719
% of Total Annualized Base Rent 1 · 26.6 · 15.4 · 16.8 · 16.5 · 15.2 · 9.5 · 100.0
Gross Book Value (in thousands) 3 · 1,438,995 · 893,011 · 1,239,864 · 848,508 · 889,552 · 483,965 · 5,793,895
% of Total Gross Book Value · 24.8 · 15.4 · 21.4 · 14.6 · 15.4 · 8.4 · 100.0
1Annualized base rent is calculated as contractual monthly base rent per the leases, excluding any partial or full rent abatements, as of December 31, 2025, multiplied by 12. Annualized base rent for our New York City assets was $46.8 million as of December 31, 2025, representing approximately 13.1% of total annualized base rent.
2Weighted average remaining lease term is calculated by summing the remaining lease term of each lease as of December 31, 2025, weighted by the respective square footage.
3Includes six properties under development or redevelopment that, upon completion, will consist of nine buildings aggregating approximately 1.2 million square feet.
As of December 31, 2025, we owned six properties under development or redevelopment that, upon completion, will consist of nine buildings aggregating approximately 1.2 million square feet, with a total expected investment of approximately $372.5 million, including redevelopment costs, capitalized interest and other costs.
For the Three Months Ended December 31, · For the Year Ended December 31,
2025 · 2024 · 2025 · 2024
Operating portfolio:
Recurring capital expenditures · 18,205 · 8,698 · 47,832 · 34,985
Non-recurring capital expenditures 1 · 8,142 · 4,834 · 16,225 · 15,795
Total · 26,347 · 2 · 13,532 · 2 · 64,057 · 3 · 50,780 · 3
Properties under development and redevelopment:
Development, redevelopment, renovation and expansion expenditures · 11,634 · 16,628 · 59,546 · 118,587
Capitalized interest 4 · 1,202 · 2,321 · 5,011 · 10,977
Total · 12,836 · 5 · 18,949 · 5 · 64,557 · 6 · 129,564 · 6
1Consists of costs incurred related to leasing acquired vacancy, renovation, and expansion projects (stabilization capital).
2Includes a net increase in accrued capital expenditures for the operating portfolio of approximately $5.9 million during the three months ended December 31, 2025 and a net increase of approximately $4.0 million during the three months ended December 31, 2024.
Item 2 of the 10-K filed Feb 4, 2026.4
Leadership
Who has led Terreno Realty Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerW. Blake Baird Feb 9, 2010 to now14
- ChairW. Blake Baird Feb 9, 2010 to now14
- PresidentMichael A. Coke Feb 9, 2010 to now15
- Chief financial officerJaime Jackson Cannon May 9, 2013 to now16
- Chief financial officerMichael A. Coke Feb 9, 2010 to Feb 22, 201315
Board members and other officers (15)
- Chief Accounting OfficerMelinda Weston May 5, 2022 to Feb 21, 202417
- EVPJohn Tull Meyer Aug 5, 2015 to now18
- Board memberPaul Joseph Donahue Nov 6, 2025 to now19
- Board memberMuehlen Constance E. Von Jun 4, 2024 to now20
- Board memberGary N. Boston Aug 29, 2022 to now21
- Board memberIrene H. Oh Dec 19, 2022 to now22
- Board memberLinda Assante May 7, 2020 to May 4, 202323
- Board memberDavid M. Lee Feb 12, 2019 to May 5, 202224
- Board memberGabriela Franco Parcella May 3, 2018 to May 5, 202125
- Board memberJaime Jackson Cannon Jul 17, 2013 to Jul 17, 201326
- Board memberMichael A. Coke Feb 9, 2010 to now15
- Board memberDennis Polk Feb 16, 2010 to now27
- Board memberDouglas M. Pasquale Feb 16, 2010 to now28
- Board memberLeroy E. Carlson Feb 16, 2010 to now29
- Board memberPeter J. Merlone Feb 16, 2010 to Sep 6, 201730
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- PP Tango NJ 3 LLC Delaware3
- PP Tango NJ 3 REIT LLC Delaware3
- PP Tango NY 1 LLC Delaware3
- PP Tango NY 2LLC Delaware3
- PP Tango NY 3 LLC Delaware3
- PP Tango NY 4 LLC Delaware3
- PP Tango NY 5 LLC Delaware3
- PP Tango NY REIT LLC Delaware3
- Park 7777 NW 41st Street Holdings LLC Delaware3
- Tango Industrial LF1 Holdings Delaware3
- Terreno 1 Dodge Drive LLC Delaware3
- Terreno 10100 NW 25th LLC Delaware3
- Terreno 101st Road LLC Delaware3
- Terreno 104th II LLC Delaware3
- Terreno 107th Ave LLC Delaware3
- Terreno 10th Avenue LLC Delaware3
- Terreno 1100 Walnut LLC Delaware3
- Terreno 1215 Walnut LLC Delaware3
- Terreno 127 Doremus LLC Delaware3
- Terreno 12950 River LLC Delaware3
- Terreno 130 Commerce LLC Delaware3
- Terreno 139th LLC Delaware3
- Terreno 14605 Miller Ave LLC Delaware3
- Terreno 14605 Miller LLC Delaware3
All 243 listed subsidiaries
- Terreno 14611 Broadway LLC Delaware3
- Terreno 147th LLC Delaware3
- Terreno 153rd LLC Delaware3
- Terreno 17 Madison LLC Delaware3
- Terreno 17600 WVH LLC Delaware3
- Terreno 180 Manor LLC Delaware3
- Terreno 190 Morgan LLC Delaware3
- Terreno 19500 Alameda LLC Delaware3
- Terreno 19601 Hamilton LLC Delaware3
- Terreno 1st Avenue South, LLC Delaware3
- Terreno 20 Pulaski LLC Delaware3
- Terreno 20th Street LLC Delaware3
- Terreno 22 Madison LLC Delaware3
- Terreno 221 Michele LLC Delaware3
- Terreno 228 North Avenue LLC Delaware3
- Terreno 238 Lawrence LLC Delaware3
- Terreno 240 Littlefield LLC Delaware3
- Terreno 258 Littlefield LLC Delaware3
- Terreno 26th Street LLC Delaware3
- Terreno 27th Street LLC Delaware3
- Terreno 280 Richards LLC Delaware3
- Terreno 2920 V Street LLC Delaware3
- Terreno 293 Roanoke LLC Delaware3
- Terreno 299 Lawrence LLC Delaware3
- Terreno 3000 V Street LLC Delaware3
- Terreno 31st Place LLC Delaware3
- Terreno 33rd St II LLC Delaware3
- Terreno 33rd St LLC Delaware3
- Terreno 3401 Lind LLC Delaware3
- Terreno 341 Michelle LLC Delaware3
- Terreno 3601 Pennsy LLC Delaware3
- Terreno 39th Street LLC Delaware3
- Terreno 422 Frelinghuysen LLC Delaware3
- Terreno 4225 2nd Avenue South LLC Delaware3
- Terreno 4230 Forbes LLC Delaware3
- Terreno 445 Wilson LLC Delaware3
- Terreno 465 Meadow LLC Delaware3
- Terreno 46th Street LLC Delaware3
- Terreno 48th 3rd Street LLC Delaware3
- Terreno 48th Avenue LLC Delaware3
- Terreno 4930 3rd Avenue South LLC Delaware3
- Terreno 50 Kero LLC Delaware3
- Terreno 51 Kero LLC Delaware3
- Terreno 550 Delancy LLC Delaware3
- Terreno 60 Ethel LLC Delaware3
- Terreno 60th Avenue LLC Delaware3
- Terreno 620 Division LLC Delaware3
- Terreno 630 Glasgow LLC Delaware3
- Terreno 631 Brennan LLC Delaware3
- Terreno 6th Ave LLC Delaware3
- Terreno 709 Hindry LLC Delaware3
- Terreno 70th Avenue LLC Delaware3
- Terreno 7120 NW 74th Ave LLC Delaware3
- Terreno 73rd Street LLC Delaware3
- Terreno 747 Glasgow LLC Delaware3
- Terreno 74th North Bergen LLC Delaware3
- Terreno 75th Ave LLC Delaware3
- Terreno 768 772 Ceres LLC Delaware3
- Terreno 7777 West Side LLC Delaware3
- Terreno 78th Avenue LLC Delaware3
- Terreno 79th Ave South LLC Delaware3
- Terreno 8215 Dorsey LLC Delaware3
- Terreno 85 Doremus LLC Delaware3
- Terreno 87 Doremus LLC Delaware3
- Terreno 8730 Bollman LLC Delaware3
- Terreno 900 Hart LLC Delaware3
- Terreno 9070 Junction LLC Delaware3
- Terreno 90th Street LLC Delaware3
- Terreno 97 Third LLC Delaware3
- Terreno 9th St LLC Delaware3
- Terreno Acacia LLC Delaware3
- Terreno Ahern II LLC Delaware3
- Terreno Ahern LLC Delaware3
- Terreno Airgate LLC Delaware3
- Terreno America's Gateway LLC Delaware3
- Terreno Anderson LLC Delaware3
- Terreno Andover Park LLC Delaware3
- Terreno Arden LLC Delaware3
- Terreno Auburn 1307 LLC Delaware3
- Terreno Auburn 400 LLC Delaware3
- Terreno Avenue A LLC Delaware3
- Terreno Belleville LLC Delaware3
- Terreno Berryessa LLC Delaware3
- Terreno Burroughs LLC Delaware3
- Terreno Business Parkway LLC Delaware3
- Terreno California LLC Delaware3
- Terreno Caribbean LLC Delaware3
- Terreno Carlton Court LLC Delaware3
- Terreno Cerise II LLC Delaware3
- Terreno Cerise LLC Delaware3
- Terreno Clawiter LLC Delaware3
- Terreno Coronado LLC Delaware3
- Terreno Countyline 24 25 LLC Delaware3
- Terreno Countyline 26 LLC Delaware3
- Terreno Countyline Phase IV LLC Delaware3
- Terreno Craftsman Circle LLC Delaware3
- Terreno Dawson LLC Delaware3
- Terreno Dell LLC Delaware3
- Terreno Denver Ave LLC Delaware3
- Terreno Dominguez LLC Delaware3
- Terreno Dorsey Run LLC Delaware3
- Terreno East Gish LLC Delaware3
- Terreno East Marginal LLC Delaware3
- Terreno East Valley LLC Delaware3
- Terreno Edison LLC Delaware3
- Terreno Eisenhower LLC Delaware3
- Terreno Fee Ana LLC Delaware3
- Terreno Fleet LLC Delaware3
- Terreno Foley LLC Delaware3
- Terreno Foothill LLC Delaware3
- Terreno Fortune/Qume LLC Delaware3
- Terreno Garfield LLC Delaware3
- Terreno Gladwick LLC Delaware3
- Terreno Global Plaza LLC Delaware3
- Terreno Gramercy LLC Delaware3
- Terreno Hampton LLC Delaware3
- Terreno Hampton Overlook, LLC Delaware3
- Terreno Hanford LLC Delaware3
- Terreno Hawthorne LLC Delaware3
- Terreno Henry LLC Delaware3
- Terreno Hindry II LLC Delaware3
- Terreno Hudson LLC Delaware3
- Terreno Interstate LLC Delaware3
- Terreno Isis LLC Delaware3
- Terreno Junction LLC Delaware3
- Terreno Kent 188 LLC Delaware3
- Terreno Kent 190th LLC Delaware3
- Terreno Kent 192 LLC Delaware3
- Terreno Kent 216th LLC Delaware3
- Terreno Kent 84th LLC Delaware3
- Terreno Kent Corporate Park LLC Delaware3
- Terreno Kirkland 117 LLC Delaware3
- Terreno Las Hermanas LLC Delaware3
- Terreno Lincoln LLC Delaware3
- Terreno Lucile LLC Delaware3
- Terreno Lund LLC Delaware3
- Terreno Lynwood LLC Delaware3
- Terreno MITC LLC Delaware3
- Terreno MLK I LLC Delaware3
- Terreno Mack LLC Delaware3
- Terreno Maltese LLC Delaware3
- Terreno Manhattan Beach LLC Delaware3
- Terreno Maple II LLC Delaware3
- Terreno Maple LLC Delaware3
- Terreno McLaren LLC Delaware3
- Terreno Melanie I LLC and Terreno Melanie II LLC Delaware3
- Terreno Merced LLC Delaware3
- Terreno Middlebrook LLC Delaware3
- Terreno Minnesota Street LLC Delaware3
- Terreno Morgan Ave LLC Delaware3
- Terreno Morton LLC Delaware3
- Terreno NE 91st LLC Delaware3
- Terreno NW 131st Street LLC Delaware3
- Terreno NW 46th Street LLC Delaware3
- Terreno NW 70th Ave III LLC Delaware3
- Terreno NW 70th Avenue II LLC Delaware3
- Terreno NW 70th IV LLC Delaware3
- Terreno NW 81st LLC Delaware3
- Terreno New Dutch LLC Delaware3
- Terreno New Ridge LLC Delaware3
- Terreno Newark Loan LLC Delaware3
- Terreno North Hackensack LLC Delaware3
- Terreno North Tukwila LLC Delaware3
- Terreno Northup LLC Delaware3
- Terreno Occidental LLC Delaware3
- Terreno Old Bayshore LLC Delaware3
- Terreno Olympic LLC Delaware3
- Terreno Park Union City LLC Delaware3
- Terreno Parkway LLC Delaware3
- Terreno Paterson Plank III LLC Delaware3
- Terreno Paterson Plank III Urban Renewal LLC New Jersey3
- Terreno Paterson Plank LLC Delaware3
- Terreno Picket LLC Delaware3
- Terreno Porter LLC Delaware3
- Terreno Puyallup 917 LLC Delaware3
- Terreno Realty LLC Delaware3
- Terreno Redondo LLC Delaware3
- Terreno Rialto LLC Delaware3
- Terreno Route 100 LLC Delaware3
- Terreno Royal Palm LLC Delaware3
- Terreno SW 16th LLC Delaware3
- Terreno SW 34th LLC Delaware3
- Terreno San Clemente LLC Delaware3
- Terreno San Mateo LLC Delaware3
- Terreno San Pedro LLC Delaware3
- Terreno Santa Fe LLC Delaware3
- Terreno Schoolhouse LLC Delaware3
- Terreno SeaTac 8th Avenue LLC Delaware3
- Terreno Shoemaker LLC Delaware3
- Terreno Slauson LLC Delaware3
- Terreno South Main LLC Delaware3
- Terreno South Maple LLC Delaware3
- Terreno Stockton LLC Delaware3
- Terreno Sweitzer LLC Delaware3
- Terreno TREX I, LLC Delaware3
- Terreno TREX Manager LLC Delaware3
- Terreno TRS I, LLC Delaware3
- Terreno Teagarden LLC Delaware3
- Terreno Telegraph Springs LLC Delaware3
- Terreno Tennessee Street LLC Delaware3
- Terreno Terminal Way II LLC Delaware3
- Terreno Terminal Way LLC Delaware3
- Terreno Trenton LLC Delaware3
- Terreno Troy Hill LLC Delaware3
- Terreno Tuxedo LLC Delaware3
- Terreno V Street LLC Delaware3
- Terreno Valley Corporate LLC Delaware3
- Terreno Warm Springs I/II LLC Delaware3
- Terreno West 140th LLC Delaware3
- Terreno West Valley Highway II LLC Delaware3
- Terreno Whelan LLC Delaware3
- Terreno Whittier LLC Delaware3
- Terreno Wicks LLC Delaware3
- Terreno Willow II LLC Delaware3
- Terreno Willows LLC Delaware3
- Terreno Woodinville II LLC Delaware3
- Terreno Woodinville III LLC Delaware3
- Terreno Woodinville LLC Delaware3
- Terreno Woodside LLC Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- May 6, 20268-K Shareholder vote31
- Feb 17, 20268-K Other events32
- Jan 8, 20268-K Entered a material agreement; New debt or obligation33
- Nov 5, 20258-K Executive or director change34
- May 7, 20258-K Executive or director change; Shareholder vote35
- Jan 24, 20258-K Executive or director change36
- Sep 30, 20248-K Entered a material agreement; New debt or obligation37
- Aug 28, 20248-K Other events38
- Jun 4, 20248-K Executive or director change39
- May 13, 20248-K Shareholder vote40
- Apr 29, 20248-K Executive or director change41
- Mar 27, 20248-K Other events42
- Feb 9, 2010New chief executive W. Blake Baird becomes CEO14
Calendar
Coming up
- Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.67 a share, on Nov 5, 2025.43
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
214 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 25 major events, 101 insider forms, 31 large holders, 37 other. The latest 20:
- Aug 11, 2026144 EDGAR
- Aug 11, 20264 EDGAR
- Aug 10, 2026144 EDGAR
- Aug 10, 20264 EDGAR
- Aug 10, 20264 EDGAR
- Aug 7, 2026144 EDGAR
- Aug 5, 20264 EDGAR
- Aug 5, 20264 EDGAR
- Aug 5, 20264 EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 20264 EDGAR
- Jul 7, 2026SCHEDULE 13G/A EDGAR
- May 7, 20264 EDGAR
- May 7, 20264 EDGAR
- May 7, 20264 EDGAR
- May 7, 20264 EDGAR
- May 7, 20264 EDGAR
- May 7, 20264 EDGAR
- May 6, 202610-Q EDGAR
- May 6, 20268-K EDGAR
The 214 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
17 open-market trades by officers, directors and large owners since October 2021: 3 buys and 14 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | Meyer John TullEVP | Sale | 4,447 | $68.64 | $305.2K | Form 4 |
| Aug 10, 2026 | Cannon Jaime JacksonCFO | Sale | 3,602 | $68.26 | $245.9K | Form 4 |
| Aug 7, 2026 | COKE MICHAEL APresident | Sale | 8,000 | $68.38 | $547.0K | Form 4 |
| Feb 9, 2026 | Cannon Jaime JacksonCFO | Sale | 7,000 | $65.99 | $461.9K | Form 4 |
| Nov 7, 2025 | Meyer John TullEVP | Sale | 4,758 | $59.95 | $285.2K | Form 4 |
| Aug 14, 2025 | COKE MICHAEL APresident | Sale | 10,000 | $53.96 | $539.6K | Form 4 |
| Feb 11, 2025 | POLK DENNISDirector | Sale | 9,703 | $67.20 | $652.0K | Form 4 |
| Aug 9, 2024 | COKE MICHAEL APresident | Sale | 7,500 | $68.53 | $514.0K | Form 4 |
| Aug 9, 2024 | Meyer John TullEVP | Sale | 6,145 | $68.64 | $421.8K | Form 4 |
| Aug 9, 2024 | Cannon Jaime JacksonCFO | Sale | 4,998 | $68.39 | $341.8K | Form 4 |
| Dec 14, 2023 | Weston MelindaChief Accounting Officer | Sale | 1,500 | $62.06 | $93.1K | Form 4 |
| Dec 8, 2023 | CARLSON LEROY EDirector | Sale | 5,000 | $58.77 | $293.9K | Form 4 |
| Aug 4, 2023 | COKE MICHAEL APresident | Sale | 10,000 | $59.60 | $596.0K | Form 4 |
| Dec 2, 2022 | CARLSON LEROY EDirector | Sale | 4,000 | $58.49 | $234.0K | Form 4 |
| May 11, 2022 | PASQUALE DOUGLAS MDirector | Buy | 1,000 | $64.00 | $64.0K | Form 4 |
| May 10, 2022 | PASQUALE DOUGLAS MDirector | Buy | 1,000 | $64.49 | $64.5K | Form 4 |
| May 9, 2022 | BAIRD W BLAKECHAIRMAN AND CEO | Buy | 1,000 | $64.00 | $64.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Apr 29, 2026 to Jul 7, 202644
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202645
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 27, 202646
- FMR LLCSCHEDULE 13G/A, 5 filings Feb 9, 2023 to Sep 8, 202547
- T. Rowe Price Investment Management, Inc.SCHEDULE 13G/A, 4 filings Feb 14, 2023 to Aug 14, 202548
- State Street CorporationSCHEDULE 13G, 1 filing Feb 5, 202549
- BlackRockSCHEDULE 13G, 1 filing Jan 8, 202550
- InvescoSC 13G/A, 2 filings Feb 9, 2024 to Nov 7, 202451
- PRINCIPAL REAL ESTATE INVESTORS LLCSC 13G/A, 3 filings Feb 15, 2022 to Feb 13, 202452
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202353
- PGGM InvestmentsSC 13G, 1 filing Oct 7, 202154
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 18,739,008 | $1.2B | 0.0% | +940,286 |
| Fmr LLC | 12,091,627 | $783.2M | 0.0% | +602,980 |
| Vanguard Portfolio Management LLC | 10,746,277 | $696.0M | 0.0% | +428,440 |
| State Street Corp | 5,959,932 | $389.0M | 0.0% | +157,800 |
| Vanguard Capital Management LLC | 4,784,199 | $309.9M | 0.0% | +146,214 |
| Principal Financial Group Inc | 4,349,532 | $281.7M | 0.1% | +161,079 |
| Geode Capital Management, LLC | 2,976,764 | $192.8M | 0.0% | +227,919 |
| Invesco Ltd. | 2,846,036 | $184.3M | 0.0% | +1,346,287 |
| Charles Schwab Investment Management Inc | 2,286,088 | $148.1M | 0.0% | +143,594 |
| Northern Trust Corp | 1,634,115 | $105.8M | 0.0% | +182,612 |
| Dimensional Fund Advisors LP | 1,613,427 | $104.5M | 0.0% | +29,123 |
| Morgan Stanley | 1,535,601 | $99.5M | 0.0% | −5,802 |
| American Century Companies Inc | 1,303,724 | $84.4M | 0.0% | −161,897 |
| Two Sigma Investments, LP | 1,249,207 | $80.9M | 0.1% | +335,465 |
| Norges Bank | 1,238,035 | $80.2M | 0.0% | New |
| Jpmorgan Chase & Co | 1,159,407 | $76.5M | 0.0% | −78,468 |
| Goldman Sachs Group Inc | 1,167,782 | $75.6M | 0.0% | +70,504 |
| Schroder Investment Management Group | 1,050,442 | $69.1M | 0.0% | +14,674 |
| Tandem Investment Advisors, Inc. | 1,017,056 | $65.9M | 4.4% | −189,937 |
| Resolution Capital Ltd | 979,865 | $63.5M | 1.2% | −643,992 |
| Legal & General Group Plc | 953,594 | $61.8M | 0.0% | +33,841 |
| Copeland Capital Management, LLC | 924,441 | $59.9M | 1.2% | −45,312 |
| Bank of New York Mellon Corp | 831,700 | $53.9M | 0.0% | +50,334 |
| Wellington Management Group Llp | 824,485 | $53.4M | 0.0% | +46,960 |
| Bank Of America Corp /de/ | 808,368 | $52.4M | 0.0% | −103,846 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Feb 28, 2022 | Donald S. Beyer, Jr.Democratic, House | Sale | $15,001 - $50,000 | +83.8% | Report |
| Jan 31, 2022 | Donald S. Beyer, Jr.Democratic, House | Buy | $1,001 - $15,000 | −86.0% | Report |
| Jan 10, 2022 | Donald S. Beyer, Jr.Democratic, House | Buy | $1,001 - $15,000 | −83.8% | Report |
| Oct 8, 2020 | Donald S. Beyer, Jr.Democratic, House | Sale | $1,001 - $15,000 | +117.3% | Report |
| Jul 14, 2020 | Donald S. Beyer, Jr.Democratic, House | Sale | $1,001 - $15,000 | +124.4% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Terreno Realty Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTerreno Realty Corp1
- CIK0001476150
- Employer ID (EIN)27-12626754
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inMaryland4
- Fiscal year endsDecember 311
- Industry code (SIC)6500 Real Estate1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address101 Montgomery Street, Suite 200, San Francisco, CA 941041
- Phone(415) 655-45801
- Shares outstanding108,970,310 as of Aug 3, 202611
- Public float$5.7B as of Jun 30, 20254
- AuditorErnst & Young LLP, Seattle, Washington PCAOB ID 42; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceNov 10, 20091
- Filings730 in all: 4 (287), 8-K (97), SC 13G/A (84), 10-Q (50), SC 13G (32), 424B5 (31), 3 (19), 10-K (17)1
All 32 form types
DEF 14A (16), DEFA14A (12), 144 (11), ARS (9), 8-K/A (7), CORRESP (7), SCHEDULE 13G/A (7), S-11/A (5), UPLOAD (5), 4/A (4), S-3ASR (4), S-8 (4), SCHEDULE 13G (4), EFFECT (3), FWP (3), 8-A12B (2), CERTNYS (2), S-3 (2), 25-NSE (1), 424B1 (1), 5 (1), D (1), PRE 14A (1), S-11 (1)
- Latest filingsAnnual report (10-K) Feb 4, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Mar 20, 2026
Latest 8-K (8-K) May 6, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value per share | TRNO | New York Stock Exchange |
From the cover page of the 10-K filed Feb 4, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Terreno Realty Corp names in Item 1A of its 10-K filed Feb 4, 2026: 53 risks under these headings, as written.4
- Risks Related to Our Business and Our Properties
- Our long-term growth will depend, in part, upon future acquisitions of properties, and we may acquire properties that pose integration and other risks that could harm our business.
- The availability and timing of cash distributions is uncertain and is limited by the requirements of Maryland law.
- Our investments are concentrated in the industrial real estate sector, and our business would be adversely affected by an economic downturn in that sector.
- Any future pandemic, epidemic or outbreak of any highly infectious disease could have an adverse effect on our business, financial condition, results of operations and cash flows and the business, financial condition, results of operations and cash flows of our tenants.
- Events or occurrences that affect areas in which our properties are located may materially adversely impact our financial results.
- We may be unable to renew leases, lease vacant space, including vacant space resulting from tenant defaults, or re-lease space as leases expire.
- We may be required to fund future tenant improvements, and we may not have funding for those improvements.
- We face potential adverse effects from the bankruptcies or insolvencies of tenants or from tenant defaults generally.
- Declining real estate valuations and impairment charges could adversely affect our earnings and financial condition.
- We utilize local third-party managers for day-to-day property management for substantially all of our properties.
- Our development, redevelopment, renovation or expansion strategies may not be successful.
The other 42 risks
- We may not acquire the industrial properties that we have entered into agreements or non-binding letters of intent to acquire.
- We depend on key personnel.
- The use of artificial intelligence presents risks and challenges that may adversely impact our business and operating results or that of our tenants.
- We face risks associated with security breaches through cyber-attacks, cyber intrusions or otherwise, as well as other significant disruptions of our information technology (“IT”) networks and related systems.
- We may from time to time be subject to litigation that may negatively impact our cash flow, financial condition, results of operations and market price of our common stock.
- Risks Related to Financing and Capital
- If we cannot obtain additional financing, our growth will be limited.
- Debt service obligations could adversely affect our overall operating results, may require us to sell industrial properties and could adversely affect our ability to make distributions to our stockholders and the market price of our shares of common stock.
- The agreements relating to our existing debt contain, and we expect that agreements relating to our future indebtedness will contain, covenants that could limit our operations and our ability to make distributions to our stockholders.
- We may acquire outstanding debt or provide a loan, in each case secured by an industrial property, which will expose us to risks.
- If we provide debtor-in-possession financing or provide a loan, a default by the borrower could adversely affect our cash flows.
- Adverse changes in our credit rating could negatively affect our financing activity.
- Failure to hedge effectively against interest rate changes may adversely affect results of operations.
- Our existing stockholders may experience dilution if we issue additional common stock.
- We may issue preferred stock or debt securities and may also incur other future indebtedness which would rank senior to our common stock upon liquidation and may adversely affect the market price of our common stock.
- Volatility in the capital and credit markets could materially and adversely impact us.
- Risks Related to the Real Estate Industry
- Investments in real estate properties are subject to risks that could adversely affect our business.
- Actions by our competitors may decrease or prevent increases in the occupancy and rental rates of our properties.
- Real estate investments are not as liquid as other types of assets, which may reduce economic returns to investors.
- Uninsured or underinsured losses relating to real property may adversely affect our returns.
- Environmentally hazardous conditions may adversely affect our operating results.
- Costs of complying with governmental laws and regulations with respect to our properties may adversely affect our income and the cash available for any distributions.
- We are exposed to the potential impacts of climate change and climate-change related risks, which may result in unanticipated losses that could affect our business and financial condition.
- Compliance or failure to comply with regulatory requirements could result in substantial costs.
- We may be unable to sell a property if or when we decide to do so, including as a result of uncertain market conditions, which could adversely affect the return on an investment in our common stock.
- Risks Related to Our Organizational Structure
- Our board of directors may change significant corporate policies without stockholder approval.
- We could increase the number of authorized shares of stock and issue stock without stockholder approval.
- Certain provisions of Maryland law could inhibit changes in control.
- Our rights and the rights of our stockholders to take action against our directors and officers are limited.
- Risks Related to Our Status as a REIT
- Failure to qualify as a REIT would cause us to be taxed as a regular C corporation, which would substantially reduce funds available for distributions to stockholders.
- Even if we qualify as a REIT, we may face other tax liabilities that reduce our cash flows.
- We may be subject to a 100% penalty tax on any prohibited transactions that we enter into, or may be required to forego certain otherwise beneficial opportunities in order to avoid the penalty tax on prohibited transactions.
- REIT distribution requirements could adversely affect our liquidity and may force us to borrow funds or sell assets during unfavorable market conditions.
- Dividends payable by REITs generally do not qualify for reduced tax rates.
- We may choose to pay dividends in our stock instead of cash, in which case stockholders may be required to pay income taxes in excess of any cash dividends they receive.
- Complying with the REIT requirements may cause us to forego otherwise attractive opportunities or to liquidate otherwise attractive investments.
- A failure to comply with the limits relating to TRSs would jeopardize our REIT qualification and may result in the imposition of certain taxes.
- The ability of our board of directors to revoke our REIT qualification without stockholder approval may subject us to U.S. federal income tax and reduce distributions to our stockholders.
- We may face risks in connection with Section 1031 Exchanges.
- We may be subject to adverse legislative or regulatory tax changes that could reduce the market price of our common stock.
- General Risks
- Our business could be adversely impacted if we have deficiencies in our disclosure controls and procedures or internal controls over financial reporting.
- Trade policies, tariffs and related government actions may cause a decline in economic activity and disrupt supply chains, which could have a material adverse impact on our business.
- The market price and trading volume of our common stock may be volatile and may trade at prices that are higher or lower than our net asset value per share.
Legal proceedings
We are not involved in any material litigation nor, to our knowledge, is any material litigation threatened against us.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARMichael A. Coke, President
- 16
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- 18SEC EDGARJohn Tull Meyer, EVP
- 19SEC EDGARPaul Joseph Donahue, Board member
- 20
- 21SEC EDGARGary N. Boston, Board member
- 22SEC EDGARIrene H. Oh, Board member
- 23SEC EDGARLinda Assante, Board member
- 24SEC EDGARDavid M. Lee, Board member
- 25
- 26SEC EDGARJaime Jackson Cannon, Board member
- 27SEC EDGARDennis Polk, Board member
- 28SEC EDGARDouglas M. Pasquale, Board member
- 29SEC EDGARLeroy E. Carlson, Board member
- 30SEC EDGARPeter J. Merlone, Board member
- 31SEC EDGARShareholder vote
- 32SEC EDGAROther events
- 33
- 34SEC EDGARExecutive or director change
- 35
- 36SEC EDGARExecutive or director change
- 37
- 38SEC EDGAROther events
- 39SEC EDGARExecutive or director change
- 40SEC EDGARShareholder vote
- 41SEC EDGARExecutive or director change
- 42SEC EDGAROther events
- 43NasdaqNasdaq calendar
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