Terreno (TRNO) Sees Solid Demand, Leases New Jersey Asset

Terreno Realty's operating portfolio, excluding one property under redevelopment, was 98.6% leased as of Dec 31, 2022. The same-store portfolio (spanning 12.1 million square feet) was 99.5% leased at the end of the quarter. Terreno Realty experienced a 49.5% increase in cash rents on new and renewed leases. Prologis PLD's 2023 funds from operations (FFO) per share is pegged at $5.55. First Industrial Realty Trust's revenues are expected to increase 12.09% year over year.

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