Terreno Realty Corporation Acquires Property in Hialeah Gardens, FL for $56.3 Million

Terreno Realty Corporation Acquires Property in Hialeah Gardens, FL for $56.3 MillionTerreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Hialeah Gardens, Florida on June 17, 2026 for a purchase price of approximately $56.3 million.The property consists of one industrial distribution building containing approximately 98,000 square feet on 16.8 acres. The property is at 10910 NW 144th Street, adjacent to the intersection of Florida’s Turnpike and Okeechobee Road, and provides nine dock-high and six grade-level loading positions and parking for 596 cars. The building is 100% leased to a leading e-commerce firm. The estimated stabilized cap rate is 5.0%.Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.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 StatementsThis 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. Jaime Cannon415-655-4580View source version on businesswire.com: https://www.businesswire.com/news/home/20260610501856/en/

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