Terreno Realty Announces Leases in Seattle, Sees Healthy Demand

Terreno Realty TRNO recently announced the execution of a 63,000 square foot renewal lease in Seattle, WA. The lessee of the agreement is a co-warehousing services provider.The renewal lease will commence on July 1, 2026, and is set to expire in June 2033.TRNO, which acquires, owns and operates industrial real estate in six major coastal U.S. markets, has been experiencing healthy demand for its properties from both new and existing tenants.Apart from the above lease, in the last week of August 2025, this real estate investment trust (REIT) leased 100% Countyline Corporate Park Phase IV Building 32 in Hialeah, FL. The company also signed a 72,000 square feet lease with a distributor of Asian food products that will commence upon completion of tenant improvements expected in February 2026 and will expire in June 2036.TRNO’s Q2 2025 Leasing DetailsTRNO is experiencing healthy leasing activity, as evident in its performance in the second quarter of 2025. Its operating portfolio was 97.7% leased as of June 30, 2025. TRNO’s same-store portfolio of 14.1 million square feet was 98.5% leased as of June 30, 2025. For the company’s improved land portfolio of 47 parcels spanning 150.6 acres, the leased rate was 95.1% as of June 30, 2025.Terreno Realty was able to lock in higher rents on new and renewed leases during the quarter. The cash rents on new and renewed leases commencing during the second quarter of 2025 climbed 22.6%. Moreover, the tenant retention ratio was 71.1% for the operating portfolio.TRNO: In a NutshellWith a solid operating platform, a healthy balance sheet position and strategic expansion moves, TRNO seems well-positioned to capitalize on long-term growth opportunities. However, amid macroeconomic uncertainty and geopolitical issues, customers remain focused on cost controls and delay their decision-making with respect to leasing. This is a concern for the company.Over the past month, shares of this Zacks Rank #2 (Buy) company have gained 11.5% compared with the industry’s upside of 3.7%. Image Source: Zacks Investment Research Other Stocks to ConsiderSome other top-ranked stocks from the broader REIT sector are Plymouth Industrial REIT PLYM and VICI Properties VICI, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for PLYM’s 2025 FFO per share has moved 2 cents northward to $1.88 over the past month.The Zacks Consensus Estimate for VICI’s 2025 FFO per share has moved a cent upward to $2.39 over the past month.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.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>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 Terreno Realty Corporation (TRNO): Free Stock Analysis Report Plymouth Industrial REIT (PLYM): Free Stock Analysis Report VICI Properties Inc. (VICI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks