Terreno Realty Declares $0.57 Quarterly Dividend
The industrial REIT also authorized a share repurchase program of up to three million common shares through 2028.
Updated on Nov. 6, 2026 in Commercial
Terreno Realty Corporation's board declared a $0.57 per share quarterly cash dividend, unchanged from the prior quarter, and authorized repurchase of up to three million common shares through December 31, 2028. The board took both actions on November 3.
Why it matters
The dividend follows an August increase of 9.6% to the current quarterly rate, and the new repurchase authorization replaces a program scheduled to expire December 31, 2026, under which no shares were repurchased.
The quarterly dividend is $0.57 per share, payable January 8, 2027, to holders of record at the close of business December 15. The repurchase authority covers up to three million common shares through December 31, 2028.
The players
Terreno Realty Corporation
A real estate investment trust that owns and operates industrial properties in coastal U.S. markets including New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
The details
Terreno Realty Corporation, which owns and operates industrial properties in six coastal U.S. markets, made both announcements at a board meeting on November 3. The new repurchase program replaces the prior program, which was scheduled to expire at the end of 2026.
Timeline
August: quarterly payout increased 9.6% to $0.57 per share.
November 3, 2026: board declared the dividend and authorized the repurchase program.
December 15, 2026: record date for dividend eligibility.
December 31, 2026: prior repurchase program scheduled to expire.
January 8, 2027: dividend payment date.
Market Landscape
The November declaration keeps the quarterly payout at the $0.57 rate set by the 9.6% increase in August. The renewed repurchase authority extends a capital return program that had not yet been used under its prior authorization.
Shareholders of record on December 15 will receive $0.57 per share on January 8, 2027. The new authorization gives the company room to buy back up to three million shares through 2028, which can affect the number of shares outstanding.
The takeaway
Investors tracking Terreno's payout should note that the dividend held steady this quarter after the August increase, and that the repurchase authority now runs through 2028.
What happens next
The $0.57 dividend is payable January 8, 2027, to holders of record at the close of business December 15, 2026, and the prior repurchase program expires December 31, 2026.
Further reading
For more on the commercial property market, see Commercial real estate.
Source note: This article includes information reported by TokenPost.
