other material
confidence high
sentiment neutral
materiality 0.65
Terreno Realty launches up to $500M at-the-market equity offering program
Terreno Realty Corp
- New ATM program replaces prior program; up to $500M aggregate offering price of common stock.
- Prior ATM program: from June 30 to Aug 27, 2024, issued 2,085,357 shares at $68.44 avg, gross proceeds ~$142.7M.
- Sales agents include KeyBanc, Baird, BMO, BTIG, Citizens JMP, Goldman Sachs, Jefferies, Piper Sandler, Regions, Scotia, Truist.
- Commissions to each agent up to 2.0% of gross sales price; company has no obligation to sell any shares.
- Net proceeds intended for acquisitions, developments, redevelopments, and debt repayment.