Terreno Realty Q2 2023 Earnings Report

Terreno Realty EPS Results

• Actual EPS: $0.48
• Consensus EPS: $0.54
• Beat/Miss: Missed by -$0.06
• One Year Ago EPS: N/A

Terreno Realty Revenue Results

• Actual Revenue: $79.54 million
• Expected Revenue: $77.84 million
• Beat/Miss: Beat by +$1.70 million
• YoY Revenue Growth: N/A

Terreno Realty Announcement Details

• Quarter: Q2 2023
• Date: 8/2/2023
• Time: N/A

Terreno Realty (NYSE:TRNO) (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited. As of December 31, 2023, the Company owned 259 buildings aggregating approximately 16.0 million square feet, 45 improved land parcels consisting of approximately 152.4 acres, seven properties under development or redevelopment and approximately 62.7 acres of land entitled for future development. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code), commencing with its taxable year ended December 31, 2010.