Terreno Realty Corporation Upsizes and Prices Equity Offering
26 Marzo 2024 - 4:48AM
Business Wire
Terreno Realty Corporation (NYSE: TRNO) (the “Company”), an
acquirer, owner and operator of industrial real estate in six major
coastal U.S. markets, announced today the pricing of its public
offering of 5,500,000 shares of its common stock at a price to the
public of $62.00 per share. The underwriters have been granted a
30-day option to purchase up to an additional 825,000 shares of
common stock. This reflects an upsizing of the previously announced
offering of 5,000,000 shares of common stock. The offering is
expected to close on March 27, 2024.
The Company intends to use the net proceeds from the offering
for future acquisitions, including the acquisition of a portfolio
of industrial properties comprised of 28 buildings totaling
1,245,000 square feet located in New York City, Northern New
Jersey, San Francisco Bay Area and Los Angeles and other properties
that are currently subject to purchase and sale agreements or
letters of intent, funding of development and redevelopment
properties, and for other general corporate purposes.
Goldman Sachs & Co. LLC and KeyBanc Capital Markets Inc. are
serving as underwriters for the offering.
The offering of these securities is being made pursuant to an
effective shelf registration statement. The offering will be made
only by means of a prospectus and prospectus supplement. A copy of
the prospectus and prospectus supplement relating to these
securities may be obtained, when available, from the website of the
Securities and Exchange Commission or by contacting Goldman Sachs
& Co. LLC, Attn: Prospectus Department, 200 West Street, New
York, NY 10282, telephone: 1.866.471.2526, facsimile:
1.212.902.9316, email: prospectus-ny@ny.email.gs.com, or KeyBanc
Capital Markets Inc., Attn: Equity Syndicate, 127 Public Square,
7th Floor, Cleveland, OH 44114, telephone: 1.800.859.1783.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About the Company
Terreno Realty Corporation acquires, owns and operates
industrial real estate in six major coastal U.S. markets: Los
Angeles, Northern New Jersey/New York City, San Francisco Bay Area,
Seattle, Miami, and Washington, D.C.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. The Company cautions
investors that forward-looking statements are based on management’s
beliefs and on assumptions made by, and information currently
available to, management. When used, the words “anticipate”,
“believe”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”,
“project”, “result”, “should”, “will”, “seek”, “target”, “see”,
“likely”, “position”, “opportunity”, “outlook”, “potential”,
“future” and similar expressions which do not relate solely to
historical matters are intended to identify forward-looking
statements. These statements are subject to risks, uncertainties,
and assumptions and are not guarantees of future performance, which
may be affected by known and unknown risks, trends, uncertainties,
and factors that are beyond the Company’s control. Factors that
could materially affect results of the Company include those risk
factors contained in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2023, the Company’s preliminary
prospectus supplement relating to the offering under the section
titled “Risk Factors”, and the Company’s other public filings.
Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those anticipated, estimated, or projected.
The Company expressly disclaims any responsibility to update its
forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by law.
Accordingly, investors should use caution in relying on past
forward-looking statements, which are based on results and trends
at the time they are made, to anticipate future results or
trends.
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version on businesswire.com: https://www.businesswire.com/news/home/20240325851087/en/
Jaime Cannon 415-655-4580
Grafico Azioni Terreno Realty (NYSE:TRNO)
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Da Ago 2024 a Set 2024
Grafico Azioni Terreno Realty (NYSE:TRNO)
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