Terreno Realty Corporation TRNO

Terreno Realty (TRNO) has just closed the sale of a vacant 31,000 square foot industrial distribution building in Fairfield, New Jersey, delivering an unleveraged internal rate of return of 11.9% for the investment. For context, Terreno Realty shares most recently closed at US$66.57, with a year to date share price return of 12.79% and a 1 year total shareholder return of 20.80%, while the 3 year total shareholder return of 30.30% points to momentum that has been building rather than...