Terreno Realty says operating portfolio 97% leased at September 30, 2024

As of September 30, 2024, Terreno Realty Corporation owned 294 buildings aggregating approximately 18.3 million square feet and 45 improved land parcels consisting of approximately 152.4 acres leased to 675 customers: The operating portfolio was 97.0% leased at September 30, 2024 as compared to 96.0% at June 30, 2024 and 98.3% at September 30, 2023; The same-store portfolio of approximately 14.6 million square feet was 97.3% leased at September 30, 2024 as compared to 96.0% at June 30, 2024 and 98.4% at September 30, 2023; The improved land portfolio of 45 parcels totaling approximately 152.4 acres was 98.1% leased at September 30, 2024 as compared to 98.1% at June 30, 2024 and 96.3% at September 30, 2023; Cash rents on new and renewed leases totaling approximately 0.5 million square feet and 0.3 acres of improved land commencing during the third quarter increased approximately 24.1% with a tenant retention ratio of 67.3% for the operating portfolio and 100.0% for the improved land portfolio. Cash rents on new and renewed leases totaling approximately 1.6 million square feet and 22.5 acres of improved land commencing during the nine months ended September 30, 2024 increased approximately 40.5% with a tenant retention ratio of 58.0% for the operating portfolio and 66.3% for the improved land portfolio; Executed an early lease renewal for 5.4 acres of improved land in Carson, California with a leading national ground delivery company. The lease, which was to expire in March 2025, will now expire March 2030; Executed an early lease renewal for 99,000 square feet in Torrance, California with a global supplier of automotive parts, components and technologies. The lease, which was to expire in January 2025, will now expire January 2030; Executed a lease for 69,000 square feet in San Leandro, California with an ocean freight provider. The lease commenced on September 30, 2024 and will expire January 2030; Executed early lease renewals of three buildings totaling 172,000 square feet in Sunnyvale, California with a leading provider of molecular diagnostic testing. The leases, which were to expire in March 2025, will now expire March 2030; Executed a lease for 75,000 square feet in Elizabeth, New Jersey with a third-party logistics provider. The lease commenced on September 30, 2024 and will expire January 2028; and pre-leased 67% of Countyline Corporate Park Phase IV Building 33 in Hialeah, Florida.