Terreno Realty Corporation

Terreno Realty Corporation is an internally managed real estate investment trust (REIT) focused on the acquisition, ownership, and operation of industrial real estate. The company's mission is to generate value for its stockholders by identifying and managing industrial assets that offer attractive risk-adjusted returns, with a vision to be a leading owner and operator of industrial real estate in the United States. Terreno Realty Corporation's primary corporate office is located in Bellevue, Washington.

The company specializes in functional, flexible, infill industrial properties such as warehouse/distribution centers, flex spaces (including light industrial and research and development facilities), transshipment properties, and improved land parcels. These assets are strategically located 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. Terreno Realty Corporation targets properties in infill locations at discounts to replacement cost, often accommodating multiple tenants, and serving the logistics, e-commerce, and supply chain sectors in markets characterized by high demand and limited supply.

Led by Co-Founder, Chairman, and CEO W. Blake Baird, Terreno Realty Corporation maintains a market position as a publicly traded REIT with a focus on disciplined investment and active asset management. Recent activities in June 2026 include the renewal of a 102,000 square foot lease in Hayward, California, and a new 92,000 square foot lease in Kearny, New Jersey. The company also recently acquired industrial properties in Florida, Maryland, and Virginia for approximately $146.40 million, and executed an early lease renewal and new lease with the Supreme Court of the United States for properties in Washington, D.C. Terreno Realty Corporation reported Q4 FFO of $0.83, exceeding FactSet estimates.