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Terreno Realty discloses $49M of acquisitions under contract

Industrial real estate investment trust Terreno Realty Corp. disclosed approximately $49.1 million of acquisitions under contract and $39.4 million of acquisitions under letter of intent.

The company said the acquisitions under contract total approximately 16,400 square feet and one improved land parcel of about 16.8 acres, while the acquisitions under LOI total about 140,000 square feet.

In the 2018 fourth quarter, the REIT issued 1,877,639 common shares under its at-the-market equity offering program for $73.1 million in gross proceeds.

For the full year 2018, the company issued 5,492,707 common shares under the ATM program, receiving $208.9 million in gross proceeds.