Terreno Q2 2024 Update
Main Points:
TRNO’s cash leasing spreads remain attractive. Occupancy down slightly, but still not a problem.
TRNO put capital to work from a Q1 2024 equity issuance and the only near-term debt maturity was paid off in early July.
No new shares issued during Q2 2024. Prices have recovered enough that I think management will strongly consider issuing and a…