other material
confidence high
sentiment neutral
materiality 0.60
Terreno Realty launches $500M ATM equity program, replaces prior program
Terreno Realty Corp
- New ATM program allows up to $500M in common stock sales; commissions capped at 2% of gross proceeds.
- Prior program raised ~$464M via 6,977,280 shares at weighted avg price of $66.56 from Aug 2024 to Feb 2026.
- Proceeds to be used for general corporate purposes including acquisitions, developments, and debt repayment.
- Distribution agreements signed with 12 sales agents including KeyBanc, Goldman Sachs, Jefferies, and BMO.
- Company has no obligation to sell shares; sales depend on market conditions and pricing.