Terreno Realty Corporation TRNO announced the disposition of an industrial property located in Miami, FL. The sale was carried out on Aug. 26, 2026, for approximately $21.3 million. This move highlights the company’s strategy of disposing of non-core assets and building a more robust portfolio, which will aid future growth.
The property consisted of a 113,000-square-foot industrial distribution building, spread over 3.4 acres, 100% leased to a single tenant. Terreno Realty had purchased the property on Sept. 25, 2012, for $8.9 million. The investment yielded an unleveraged internal rate of return of 11.1% to the company.
Terreno Realty has been actively restructuring its asset portfolio to enhance its financial performance. In August, the industrial REIT acquired three properties, one in Redmond, WA, the second in Brooklyn, NY, and the other in Torrance, CA, for a total value of $49 million.
Earlier this month, Terreno Realty declared a dividend of 57 cents per share for the third quarter of 2026. This marked an increase of 9.6% over the prior dividend level. In the last five years, this industrial REIT has increased its dividend six times, with a five-year annualized dividend growth rate of 10.66%. These efforts to increase the dividend reaffirm investors’ confidence in the stock. Check out the Dividend History for the company.
Over the past month, shares of this Zacks Rank #2 (Buy) company have gained 2.2% compared with the industry's growth of 2.1%.
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Other Stocks to Consider
Some other top-ranked stocks from the broader REIT sector are American Tower AMT and Lamar Advertising LAMR, each carrying a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for AMT’s 2026 FFO per share has been revised upward marginally to $11.07 over the past week.
The consensus estimate for LAMR’s 2026 FFO per share has been revised up 1.4% over the past month to $8.93.
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.
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This article originally published on Zacks Investment Research (zacks.com).