Terreno Realty Corporation, a prominent real estate investment trust (REIT) specializing in industrial properties across major coastal U.S. markets, reported its financial results for the quarter ended June 30, 2023. Along with the results, the company also declared a substantial increase in its regular cash dividend for the third quarter of 2023, which is great news for its common stockholders.

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Dividend Increase Announcement

Terreno Realty Corporation has approved a noteworthy dividend increase of 12.5% for the quarter ending September 30, 2023. This decision reflects the company's commitment to delivering value to its shareholders, signaling its confidence in its financial position and future prospects. The increased dividend amount per common share will be $0.45, up from the previous dividend level.

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Steady Growth and Strong Performance

The decision to raise the dividend comes on the heels of the company's robust performance during the previous quarter. Terreno Realty Corporation has been successfully acquiring, owning, and operating industrial real estate properties in six major coastal U.S. markets. This strategic focus has proven to be lucrative, driving the company's growth and profitability.

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Rewarding Shareholders

With the increase in dividends, Terreno Realty Corporation is rewarding its loyal shareholders who have shown unwavering support and confidence in the company's ability to generate returns. By distributing a larger portion of its profits back to investors, the company aims to create an attractive investment opportunity and retain investor loyalty.

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Dividend Payment Details

The dividend is set to be payable on October 13, 2023. Common stockholders of record at the close of business on September 29, 2023, will be eligible to receive the dividend. This timely payment allows investors to enjoy the benefits of their investment in Terreno Realty Corporation.

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Quarterly Report Filing

In addition to the dividend announcement, Terreno Realty Corporation has filed its quarterly report on Form 10-Q for the quarter ended June 30, 2023, with the U.S. Securities and Exchange Commission. The financial statements and supplemental financial information can be accessed through the Investors & Media section of the company's website, www.terreno.com. This transparent approach to financial reporting ensures that investors have access to crucial information about the company's performance and operations.

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Terreno Realty Corporation's decision to increase its dividend by 12.5% is a testament to the company's strong financial position and growth prospects. As the company continues to expand its portfolio and deliver solid financial results, shareholders can look forward to reaping the rewards of their investment. With the dividend payout scheduled for October 13, 2023, investors have more reasons to be optimistic about the company's future performance. For those interested in delving deeper into the company's financials, the quarterly report is readily available on its website.