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Key Takeaways Terreno Realty sold a Miami industrial property for $21.3 million after 14 years of ownership.The 113,000-square-foot property generated an 11.1% unleveraged internal rate of return.Terreno Realty acquired three properties for $49 million in August as it actively reshapes its portfolio. Terreno Realty Corporation (TRNO - Free Report) 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%.

Image Source: Zacks Investment Research

Other Stocks to ConsiderSome other top-ranked stocks from the broader REIT sector are American Tower (AMT - Free Report) and Lamar Advertising (LAMR - Free Report) , 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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Key Takeaways TRNO signed new and renewal leases across key logistics markets in Florida, California and New Jersey.Terreno Realty's Doral deals brought its 194,000-square-foot building to full occupancy.TRNO reported 96.3% first-quarter occupancy and a 22.4% cash rent increase on leases. Terreno Realty Corporation (TRNO - Free Report) has added another set of leasing wins to its 2026 story, led by fresh activity in Doral, FL. The company announced a 68,000-square-foot lease with a fresh produce importer and exporter, running from June 30, 2026 through July 2037. It also signed a 10,000-square-foot expansion with a neighboring tenant, bringing its 194,000-square-foot Doral building to full occupancy.

These moves benefit Terreno by improving occupancy, extending cash flow visibility and showing demand in core logistics markets like Miami. Earlier, the company announced 233,000 square feet of new and renewal leases at Countyline Corporate Park Phase III in Hialeah, FL. Buildings 26 and 28, totaling 422,000 square feet, are expected to remain fully leased after the new leases begin.

The company’s West Coast leasing activity also remained active. In late June, Terreno signed a 94,000-square-foot lease in Union City, CA, with an IT infrastructure, cloud and security solutions provider. The lease starts on Sept. 1, 2026 and runs through October 2033. Terreno also received about $2 million from a negotiated early lease termination tied to the prior tenant.

Before that, Terreno announced a 102,000-square-foot early renewal in Hayward, CA, with a moving and storage operator. The lease begins on Dec. 1, 2026 and expires in January 2032. The company also signed a 92,000-square-foot lease in Kearny, NJ, with a third-party logistics provider, running from June 30, 2026 through December 2031.

The leasing updates fit into a broader operating picture that looks stable, though not without risks. In its first-quarter 2026 update, Terreno reported 96.3% quarter-end occupancy, a 22.4% increase in cash rents on new and renewed leases, $101.8 million of acquisitions and $55.1 million of dispositions.

Wrapping Up on TRNOFor investors, Terreno’s recent activity points to a solid operating backdrop, supported by steady leasing, exposure to key coastal markets and financial flexibility. Still, a neutral view makes sense, as tenant turnover, project execution, interest expenses and the need to lease space at favorable rates remain important factors to watch.

Over the past six months, shares of this Zacks Rank #3 (Hold) company have gained 14.1% compared with the industry’s growth of 11.4%.

Image Source: Zacks Investment Research

Stocks to ConsiderSome better-ranked stocks from the industrial REIT sector are Stag Industrial (STAG - Free Report) and Industrial Logistics Properties Trust (ILPT - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for Stag Industrial’s full-year FFO per share is pinned at $2.64, which calls for a 3.5% increase from the year-ago period.

The consensus estimate for Industrial Logistics Properties’ 2026 FFO per share is pegged at $1.34, which indicates year-over-year growth of 39.6%.

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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