Terreno Q2 net income falls 38.3% to $57.57 million; revenue rises 11.1% to $124.71 million
Reuters2026/08/05 20:09Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Terreno Realty posted Q2 GAAP net income of USD 57.57 million, down 38.3% from a year earlier as gain on sales fell 78% to USD 12.04 million.
- GAAP revenue rose 11.1% to USD 124.71 million, while net operating income increased 12.8% to USD 95.09 million.
- GAAP interest expense climbed 18.5% to USD 8.34 million, while general and administrative costs increased 12% to USD 13.84 million.
- Funds from operations attributable to common stockholders rose 12.1% to USD 74.34 million, lifting basic FFO per share to USD 0.70.
- Terreno acquired four industrial properties for USD 172.3 million during the quarter, sold three properties for USD 86.2 million in the first half, and declared a USD 0.57 dividend.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Terreno Realty Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001476150-26-000035), on August 05, 2026, and is solely responsible for the information contained therein.
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