TRNO•Terreno Realty reported Q3 revenue of $132.20 million, above the $129.34 million analyst estimate, and EPS of $0.62. It authorized repurchases of up to 3 million shares through Dec. 31, 2028.
Q3 revenue growth was driven by new and renewed leases, acquisitions and higher occupancy, partly offset by property dispositions. Net income fell as gains on property sales declined to $19.7 million from $62.4 million.
Terreno authorized repurchases of up to 3 million shares through Dec. 31, 2028, replacing its prior program.
