Terreno Realty Corporation announced that it has commenced an offering of 5M shares of its common stock. 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 for development and redevelopment properties, and for other general corporate purposes. Goldman Sachs & Co. and KeyBanc Capital Markets are serving as underwriters for the offering.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRNO:
- Terreno Realty price target raised to $73 from $70 at Piper Sandler
- Terreno Realty Updates At the Market Equity Program
- Terreno Realty files to sell common, preferred stock, no amount given
- Terreno Realty price target raised to $65 from $63 at JMP Securities
- TRNO Upcoming Earnings Report: What to Expect?
