Terreno Realty reports 96.1% quarter-end occupancy in Q4

As of December 31, 2025, Terreno Realty (TRNO) Corporation owned 309 buildings aggregating approximately 19.8 million square feet and 46 improved land parcels consisting of approximately 147.0 acres leased to 683 customers: The operating portfolio was 96.1% leased at December 31, 2025 as compared to 96.2% at September 30, 2025 and 97.4% at December 31, 2024; The same-store portfolio of approximately 14.1 million square feet was 97.2% leased at December 31, 2025 as compared to 98.6% at September 30, 2025 and 98.2% at December 31, 2024. Vacancy at December 31, 2025 included 205,000 square feet (approximately 100bps) of vacancy at Countyline Corporate Park Building 30 in Hialeah, Florida where the previous tenant rejected their lease in bankruptcy effective October 31, 2025. The vacated property is 84% pre-leased with leases expected to commence in the first half of 2026; The improved land portfolio of 46 parcels totaling approximately 147.0 acres was 95.4% leased at December 31, 2025 as compared to 93.6% at September 30, 2025 and 95.1% at December 31, 2024; Cash rents on new and renewed leases totaling approximately 0.7 million square feet and 2.9 acres of improved land commencing during the fourth quarter increased approximately 29.8% with a tenant retention ratio of 67.9% for the operating portfolio. Cash rents on new and renewed leases totaling approximately 2.7 million square feet and 24.4 acres of improved land commencing during the year ended December 31, 2025 increased approximately 25.4% with a tenant retention ratio of 70.2% for the operating portfolio and 74.1% for the improved land portfolio.