Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six coastal US markets, said this week it had sold an industrial property located in Union City, California, for about $16.9 million.
The property consists of one industrial distribution building, containing nearly 66,000 square feet on 3.0 acres, which is vacant.
Terreno Realty Corp acquired the property in 2015 for $7.4 million.
Stock Performance
The shares of Terreno Realty Corporation (TRNO) closed 0.12% ($0.07) higher at $58.51 in New York on Wednesday, as they reversed a loss from the previous market session.
The company’s total market cap now stands at $5.806 billion.
The shares of Terreno Realty Corporation (TRNO) went down 5.63% in 2024, compared with a 13.32% gain for the benchmark index, NYSE Composite (NYA).
The company’s shares have lost another 1.06% so far this year.
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