Terreno Realty Corporation, a prominent player in the industrial real estate sector across six major U.S. coastal markets, reported its operating, investment, and capital markets activity for the second quarter of 2025. The company's quarter-end occupancy rates rose to 97.7%, showing an increase from the previous quarter's 96.6% and the prior year's 96.0%. Additionally, same-store occupancy reached 98.5%, up from 97.4% in the previous quarter and 96.1% the previous year. Cash rents for new and renewed leases saw a notable increase of 22.6%, with a year-to-date rise of 26.8%. In terms of acquisitions and dispositions, Terreno Realty Corporation completed $123.5 million in acquisitions both during the quarter and year-to-date. The company has $445.3 million in acquisitions under contract or letter of intent. On the disposition front, the company executed $114.5 million worth of property sales during the quarter, totaling $139.4 million year-to-date, with $240.8 million in dispositions under contract or access agreement. Regarding capital markets activity, the company did not issue any shares under its at-the-market equity offering program during the second quarter. However, year-to-date, it issued 3,506,371 shares at an average price of $67.71 per share, generating gross proceeds of $237.4 million. The company maintains a strong financial position with no outstanding borrowings under its $600 million revolving credit facility and no debt maturities in 2025, with only $50 million due in 2026. Looking towards development, Terreno Realty Corporation is actively progressing with six properties under development or redevelopment, projected to consist of nine buildings totaling approximately 0.9 million square feet, of which 47% are pre-leased. Additionally, they have 22.4 acres of land earmarked for future development, with a total expected investment of around $436.4 million.