Terreno Realty (NYSE:TRNO) is a publicly traded real estate investment trust (REIT) specializing in acquiring, owning and operating industrial properties in key U.S. coastal markets. The company’s portfolio consists primarily of infill industrial facilities configured for distribution, light manufacturing and e-commerce fulfillment. By focusing on high-barrier-to-entry locations, Terreno offers investors exposure to durable demand drivers stemming from online retail growth, supply chain optimization and last-mile logistics.
Terreno’s targeted regions include Los Angeles, the San Francisco Bay Area, Seattle, New York/New Jersey, South Florida and Atlanta. These markets feature dense populations, major seaports and well-developed transportation networks, which together support sustained tenant demand for strategically located industrial space. The company seeks to capitalize on land-constrained environments where expansion opportunities are limited and rental rates exhibit upward pressure over time.
Founded in 2011 and listed on the New York Stock Exchange in 2013 under the symbol TRNO, Terreno has pursued a disciplined, growth-oriented acquisition strategy. The company acquires properties at various stages of the life cycle—from value-add assets requiring renovation to stabilized facilities that generate immediate cash flow. Over time, Terreno has expanded its footprint and diversified its tenant base across industries such as third-party logistics, light assembly and food distribution.
Terreno operates under a self-administered structure with a leadership team committed to operational excellence and sustainable growth. Chief Executive Officer Bradford B. Henderson leads management professionals with expertise in acquisitions, asset management and development. Through active portfolio oversight and selective development initiatives, Terreno aims to deliver consistent, risk-conscious returns while maintaining a conservative balance sheet and robust liquidity.
