Terreno Realty Corporation reported its quarterly operating, investment, and capital markets activity, highlighting a quarter-end occupancy rate of 96.2%, down from 97.7% in the prior quarter and 97.0% in the prior year. Same-store occupancy reached 98.6%, up from 98.5% in the previous quarter and 97.1% a year ago. The company achieved a 17.2% increase in cash rents on new and renewed leases for the quarter, and a 23.8% increase year-to-date. Acquisitions totaled $472.6 million for the quarter and $596.1 million year-to-date, with $59.8 million under contract or letter of intent. Dispositions reached $102.8 million for the quarter and $386.4 million year-to-date, with $8.8 million under contract. Terreno commenced development of one property with a $54.1 million expected investment and completed the development and stabilization of another for $39.9 million. On the capital markets side, no shares were issued in the third quarter, but 3,506,371 shares were issued year-to-date for gross proceeds of $237.4 million. The company ended the quarter with a $280 million balance on its $600 million revolving credit facility and has no debt maturities in 2025. Additionally, after quarter-end, Terreno sold a 603,000 square foot industrial property in New Jersey for $144.2 million, achieving a 13.4% unleveraged internal rate of return. Year-to-date, eight properties totaling 1.6 million square feet have been sold for $386.4 million.