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Midas Edge

Terreno Realty Corp

For the period ended Dec 31, 2025. Filed Feb 4, 2026.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 4, 2026

TRNO$67.03-0.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Schedule III – Real Estate Investments and Accumulated Depreciation

Schedule III

Real Estate Investments and Accumulated Depreciation

As of December 31, 2025

Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2025
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
Los Angeles
104th Street1Los Angeles, CA$—$3,701$976$198$3,701$1,174$4,875$27920171951
5401 West 104th St1Los Angeles, CA—15,7211,46316415,7211,62717,34818220221951
139th Street—Carson, CA——15,783426—16,20916,20915,84320171965/2003
630 Glasgow1Inglewood, CA—2,2451,8558662,2452,7214,9661,13220111988
747 Glasgow1Inglewood, CA—1,7591,5554841,7592,0393,79883720141981
1150 & 1250 W. Trenton Ave2Orange, CA—7,4912,488197,4912,5079,99830620211980 & 1971
13020 & 13030 Cerise2Hawthorne, CA—6,9861,3712,0026,9863,37310,35936720211956 & 1958
13025 Cerise1Hawthorne, CA—6,8641,3301566,8641,4868,35018320211955
1201 Foothill Boulevard1Azusa, CA—3,09194113,0919424,0334320241987
1335 Foothill Boulevard1Azusa, CA—3,3682,7742433,3683,0176,38512520241987
1355-1365 Foothill Boulevard1Azusa, CA—5,1452,7291875,1452,9168,06114020241987
16009-16019 Foothill Boulevard1Irwindale, CA—4,9832,512604,9832,5727,55511520241985
16033-16037 Foothill Boulevard1Irwindale, CA—4,0752,567604,0752,6276,70211720241985
16057-16059 Foothill Boulevard1Irwindale, CA—3,9822,2972743,9822,5716,55311120241985
14611 Broadway1Gardena, CA—4,7571,2432,0274,7573,2708,0271,82320131962
4857 W 147th St1Hawthorne, CA—6,1858,8178506,1859,66715,85234120221967
3660 Fee Ana—Anaheim, CA—14,2131,1471,21114,2132,35816,57135620221966/1993
19601 Hamilton1Torrance, CA—7,4094,0721,9007,4095,97213,3812,71720111985
735-751 Todd Avenue1Azusa, CA—6,1761,4781046,1761,5827,7587420241987
8320-8400 Isis Avenue1Los Angeles, CA—14,9633,42945714,9633,88618,84936420221979
332 Hindry Avenue1Inglewood, CA—6,9772,8004436,9773,24310,22034120221983
709 Hindry1Inglewood, CA—2,1052,9727002,1053,6725,7771,01620161984
11100 Hindry Avenue1Los Angeles, CA—6,8092,778466,8092,8249,6333920251955
Acacia1Compton, CA—5,1431,9851,5935,1433,5788,72175020171972
Anderson5Los Angeles, CA—17,0951,2715,56717,0956,83823,9331,31820191912-1987
Aviation—Inglewood, CA—9,5444981,6859,5442,18311,72739620202013
Ceres Ave2Los Angeles, CA—4,8252,8331074,8252,9407,76535220212015
Dominguez—Los Angeles, CA—11,3701,5353,59711,3705,13216,5021,7902017
Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2025
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
3091 East Coronado St—Anaheim, CA—7,1404642557,1407197,85917020222017
East Garry Avenue1Santa Ana, CA—13,71625,703113,71625,70439,42071820232024
Gladwick1Rancho Dominguez, CA—11,6365,99834111,6366,33917,9751,19820202009
Gramercy Place1Torrance, CA—4,8461,5035464,8462,0496,89535820212015
Hawthorne8Hawthorne, CA—17,22610,0693,53717,22613,60630,8323,50520171952/1986
Las Hermanas1Compton, CA—3,3307518883,3301,6394,96988320141970
Lynwood3Lynwood, CA—43,885—91743,88591744,802—20171988
McLaren1Irvine, CA—7,459668—7,4596688,12712020201982
Manhattan Beach1Redondo Beach, CA—7,8745,6413,4837,8749,12416,9982,73620121963/1970
Maple—Rancho Dominguez, CA—9,3716077459,3711,35210,72342720201978
Maple II—Rancho Dominguez, CA—14,10218349514,10267814,7803742021
Maple III—Rancho Dominguez, CA—24,7281,6372,00424,7283,64128,3691992022
Porter1Los Angeles, CA—3,7913992943,7916934,4846420201911 & 1968
3700 & 3730 Redondo Beach Ave2Redondo Beach, CA—27,8677,034—27,8677,03434,9016920251962
San Pedro—Gardena, CA—7,5981,5233177,5981,8409,4381772021
Santa Fe2Redondo Beach, CA—37,0495,5608737,0495,64742,69635720231968
Slauson—Santa Fe Springs, CA—4,6796979574,6791,6546,33345520191967/1973
19500 South Alameda St—Rancho Dominguez, CA—30,1762,36452330,1762,88733,06325220221982/1985
South Main2Carson, CA—16,3717,04517,51916,37124,56440,93510,1452012/20142016
South Main III1Gardena, CA—11,52112,4671,08011,52113,54725,0683,42620172016
Telegraph Springs2Santa Fe Springs, CA—7,0637,2369027,0638,13815,2012,15720172007
Vermont1Torrance, CA—10,1737,1051,35610,1738,46118,6341,87620181978
Walnut II1Compton, CA—6,0975,0691,0776,0976,14612,2431,55220181969
3500 West MacArthur Boulevard1Santa Ana, CA—56,22113,426—56,22113,42669,64720120251983
New York City/Northern New Jersey
49-10 27th Street1Long Island City, Queens, NY—30,4595,713—30,4595,71336,172320251950
144-02 158th Street1Jamaica, Queens, NY—11,1754,53378611,1755,31916,49419320241981
145-07 156th Street1Jamaica, Queens, NY—1,408730901,4088202,2283320241963
145-20 157th Street1Jamaica, Queens, NY—14,5987,70710114,5987,80822,40631720241969
145-45 156th Street1Jamaica, Queens, NY—7,9093,968327,9094,00011,90916320241981
149-39 Guy R. Brewer Boulevard1Jamaica, Queens, NY—3,6032,12713,6032,1285,7318720241966
149-40 182nd Street1Jamaica, Queens, NY—4,0661,450554,0661,5055,5716220241989
154-09 146th Avenue1Jamaica, Queens, NY—9,4781,782879,4781,86911,3477920241994
156-15 146th Avenue1Jamaica, Queens, NY—1,6752261981,6754242,0993020241983
Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2025
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
179-02 150th Avenue1Jamaica, Queens, NY—17,8378,6251717,8378,64226,47935120241970
179-15 149th Road1Jamaica, Queens, NY—3,8941,38233,8941,3855,2795620241969
182-09 149th Road1Jamaica, Queens, NY—10,3504,0428910,3504,13114,48117020241982
182-17 150th Avenue1Jamaica, Queens, NY—25,2742,84119625,2743,03728,31113320241984
181 Lombardy1Brooklyn, NY—9,1242,9869209,1243,90613,03019020241940
195 Anderson Avenue1Moonachie, NJ—3,5771,336—3,5771,3364,9135720241968
1C Terminal Way1Avenel, NJ—8,6712,6193638,6712,98211,65316220241966
2AB Terminal Way1Avenel, NJ—11,77810,5311,50411,77812,03523,81352020241970
2C Terminal Way1Avenel, NJ—6,4665,2083006,4665,50811,97424620241966
22 Madison1Fairfield, NJ—1,3651,6071,2091,3652,8164,18192420151979
280 Richards Street1Red Hook, Brooklyn, NY72,87986,44579,654—86,44579,654166,0992,09720242021
48th 3rd and 286 Central1Kearny, NJ—12,0611,6642,57112,0614,23516,29672920191978/1983
48-29 31st Pl1Long Island City, Queens, NY—5,7501,9464325,7502,3788,12810620241965
4-28 33rd Street—Long Island City, Queens, NY—4,692431404,6921834,875—20251979
43-27 33rd Street1Long Island City, Queens, NY—6,3371,140406,3371,1807,5172720251926
49-15 Maspeth Ave1Maspeth, Queens, NY—42,5607,258—42,5607,25849,81819920241966
4AB Engelhard1Avenel, NJ—13,1648,8941613,1648,91022,07437020241966
8AB Engelhard1Avenel, NJ—11,68810,76393511,68811,69823,38658220241966
9th Street1Long Island City, NY—18,4105,1165,52318,41010,63929,0491,29520231939
49th Street1Queens, NY—21,6742,9991,43521,6744,43426,1081,69420191966
50 Kero2Carlstadt, NJ—10,3433,8764,60710,3438,48318,8262,75420171970
51 Kero—Carlstadt, NJ—3,2365898693,2361,4584,69419420191956-1966
74th North Bergen1North Bergen, NJ—2,9331,8171,3372,9333,1546,0871,19820161973
81 N. Hackensack—Kearny, NJ—25,901—1,26325,9011,26327,1645982019
85 Doremus—Newark, NJ—5,918513265,9185396,4571412018
87 Doremus—Newark, NJ—21,59555095821,5951,50823,1032272022N/A
127 Doremus—Newark, NJ—12,11143052012,11195013,0612202022N/A
97 Third Street—Kearny, NJ—25,5801,5661,79925,5803,36528,94580420211970
190 Morgan1Brooklyn, NY—4,3632491,2154,3631,4645,82735420211969
341 Michele1Carlstadt, NJ—2,3724,7981,4902,3726,2888,6602,33720131973
422 Frelinghuysen—Newark, NJ—7,682—3,1367,6823,13610,8181,1392017
465 Meadow1Carlstadt, NJ—7131,6183467131,9642,67768920131972
550 Delancy1Newark, NJ—9,2304,8552,4379,2307,29216,5223,16720131987
620 Division1Elizabeth, NJ—6,4913,5687,9886,49111,55618,0475,15920111980
629 Henry1Elizabeth, NJ—13,7341,69077813,7342,46816,20228620222004
Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2025
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
900 Hart1Piscataway, NJ—3,2023,8662,0573,2025,9239,1252,34920141983
901 North1Elizabeth, NJ—8,0359131,1578,0352,07010,10598620162016
228 North Ave1Elizabeth, NJ—40,6715,2181,68340,6716,90147,5721,26620211975
256 Patterson Plank1Carlstadt, NJ—9,4781,2841,7669,4783,05012,52860120211960
293 Roanoke Avenue—Newark, NJ—11,3952,21752911,3952,74614,1414462022N/A
Avenue A4Carlstadt, NJ—7,5164,6601,9887,5166,64814,1642,19220171951/1957
Belleville1Kearny, NJ—12,84518,0411,84712,84519,88832,7337,60820112006
11-40 Borden Avenue1Long Island City, Queens, NY—13,9912,4202213,9912,44216,4333420251960
Commerce1Carlstadt, NJ—1,6561,5444431,6561,9873,64346220181969
Dell1Carlstadt, NJ—6,6417715166,6411,2877,92848120111972
Ethel2Piscataway, NJ—2,7483,8012,8962,7486,6979,4452,50320131981/1984
JFK Airgate4Queens, NY—18,28232,9339,76818,28242,70160,98317,51720131986/1991
100-140 Lincoln Highway1Kearny, NJ—35,67828,30865835,67828,96664,64421820252024
Manor1East Rutherford, NJ—4,0765,2623,7574,0769,01913,0952,76720151968
Morgan2Brooklyn, NY—71,05110,8887,85771,05118,74589,7964,53520191960/1980 & 1967
New Dutch1Fairfield, NJ—4,7732,004—4,7732,0046,77762920171976
Paterson Plank1Carlstadt, NJ—4,1274551,4724,1271,9276,05449120161998
Paterson Plank III1Carlstadt, NJ—15,97518,192—15,97518,19234,1676620211950
Stockton—Newark, NJ—12,3271,28253612,3271,81814,1459632017
Terminal Way2Avenel, NJ—3,5373,5981,8033,5375,4018,9381,72020141950/1968
Van Dyke1Red Hook, Brooklyn, NY—21,1713,2009,15421,17112,35433,52574220231921
Whelan1East Rutherford, NJ—6,3665,7046166,3666,32012,6861,38420192005
Wilson1Newark, NJ—2,0164841,0342,0161,5183,53469320161970
Woodside1Queens, NY—23,9873,7964,14823,9877,94431,9312,39220182018
San Francisco Bay Area
1200-1220 San Mateo Avenue1South San Francisco, CA—24,4887,1261,61524,4888,74133,22940120241972
20th Street1Oakland, CA—18,0926,7302,01118,0928,74126,8331,92320191970 & 2003
20269-20281 Mack Street1Hayward, CA—8,7582,39598,7582,40411,16211220241977
238/242 Lawrence2South San Francisco, CA—6,6742,6552,9586,6745,61312,2872,71720101986
240 Littlefield1South San Francisco, CA—5,1073,2932,8625,1076,15511,2622,16720132013
258 Littlefield Ave1South San Francisco, CA—8,8851,3277448,8852,07110,9561220251965
299 Lawrence1South San Francisco, CA—1,3521,1987471,3521,9453,29790120101968
3528 Arden Road1Hayward, CA—15,27210,10060915,27210,70925,98143920241999
Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2025
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
631 Brennan1San Jose, CA—1,9322,2451,7861,9324,0315,9631,44120121975
3660 Thomas Road1Santa Clara, CA—43,05313,8872,13143,05316,01859,0711,84520221973
Ahern2Union City, CA—3,2462,7492,6573,2465,4068,6522,30220101986
Berryessa—San Jose, CA—23,0572,57482723,0573,40126,4583882021
Burroughs3San Leandro, CA—5,4007,0921,8115,4008,90314,3033,33920141966
Caribbean3Sunnyvale, CA—17,48314,4934,94017,48319,43336,9167,36620121980/1981
Carlton Court1South San Francisco, CA—2,0361,4759222,0362,3974,43388020121981
Clawiter1Hayward, CA—5,9641,1591895,9641,3487,31246320111967
East Gish—San Jose, CA—6,75972626,7597287,48711720211959
Edison3San Leandro, CA—14,7972,8063,66914,7976,47521,2721,11220211975
Foley Street2Hayward, CA—5,0233,2817115,0233,9929,01556820211976 & 1972
Hotchkiss1Fremont, CA—4,1633,1521,4384,1634,5908,75399820171997
Hotchkiss II1Fremont, CA—3,0423,0816183,0423,6996,74182820181997
250 S Maple Avenue1South San Francisco, CA—4,6957692004,6959695,664520251977
Merced4San Leandro, CA—25,6219,3188,54725,62117,86543,4863,92920181958
Michele1South San Francisco, CA—2,7102,5401,3252,7103,8656,57593320161979
Minnesota and Tennessee2San Francisco, CA—34,73813,1414,99534,73818,13652,8742,93020191963
Morton4Newark, CA—65,640115,0394,45865,640119,497185,1378,51320232020
Old Bayshore—San Jose, CA—10,2441,60941510,2442,02412,26845520201955
San Clemente1Hayward, CA—5,1263,9381,2895,1265,22710,3531,10820181982
Teagarden5San Leandro, CA—19,17215,22191419,17216,13535,3071,64520221970/1972
West 140th2San Leandro, CA—9,5786,2974,7579,57811,05420,6323,08320161959
Whitney3San Leandro, CA—13,8219,0162,96113,82111,97725,7982,93420181974
Wicks1San Leandro, CA—2,2242981252,2244232,64713020181976
Central Pacific Business Park I1Union City, CA—6,62911,0882,0226,62913,11019,7394,43320141989
Central Pacific Business Park II4Union City, CA—13,64223,6588,44013,64232,09845,74011,93520152015
Seattle
1st ave1Seattle, WA—29,44130,5379,26129,44139,79869,2397,31720181937 & 1967
13045 SE 32nd Street1Bellevue, WA—5,9825369125,9821,4487,43013620241979
33rd Place2Bellevue, WA—10,6553,93014410,6554,07414,72948820221968-2009
6th Ave South1Seattle, WA—7,2158,6704997,2159,16916,3841,79620201960
68th Kent2Kent, WA—7,4652,2632207,4652,4839,94833420211976
84th Kent—Kent, WA—4,5521363314,5524675,01910120201963 & 2000
117th Place NE1Kirkland, WA—23,8469,8421,50923,84611,35135,1971,65220211978
9660 153rd Avenue NE1Redmond, WA—5,8753,4981,8425,8755,34011,2157320251980
917 Valley1Puyallup, WA—2,2034,5513732,2034,9247,12796020192006
Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2025
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
3401 Lind1Renton, WA—2,9996,7071,5172,9998,22411,2232,69620141984/2012
4225 2nd Avenue1Seattle, WA—4,2364,0492,4124,2366,46110,6972,08720151957
4930 3rd Avenue South1Seattle, WA—3,9842,4241,2023,9843,6267,6101,25420161964
17600 West Valley Highway1Tukwila, WA—3,3615,2602,1353,3617,39510,7563,21020121986
510 Andover Park West1Tukwila, WA—20,0046,426—20,0046,42626,430720251976
Auburn 4001Auburn, WA—4,4155,2341,1794,4156,41310,8281,17820192000
Auburn 13071Auburn, WA—4,2535,0348814,2535,91510,1682,09820142002
Dawson1Seattle, WA—3,9022786543,9029324,83435920171964
East Valley1Renton, WA—2,6932,9594432,6933,4026,09575420181991
East Marginal—Renton, WA—2,6183801982,6185783,19620620191991
Hudson1Seattle, WA—4,4719123234,4711,2355,70626220202006
Kent 1881Kent, WA—3,2514,7193,4113,2518,13011,3813,31020101979
Kent 1901Kent, WA—4,5605,5611,5224,5607,08311,6432,38520151992/1999
Kent 1921Kent, WA—12,75220,64253312,75221,17533,9274,0692020
Kent 2021Kent, WA—5,7619,1145,2525,76114,36620,1274,68420151981
Kent 2161Kent, WA—3,6725,4081,1453,6726,55310,2252,43220141996
Kent Corporate Park4Kent, WA—5,0326,9163,8965,03210,81215,8443,85720151980/1981
Lucile1Seattle, WA—4,4983,5041,7384,4985,2429,7401,70920171976
Lund1Auburn, WA—2,5734,3996732,5735,0727,6451,44320161999
Occidental Avenue3Seattle, WA—12,5503,3001,42012,5504,72017,27072920211988
Olympic1Tukwila, WA—1,4991,4317421,4992,1733,6721,00620151978
MLK 9801—Seattle, WA—14,3881,36042914,3881,78916,1771802021
MLK 9845—Seattle, WA—14,4365319514,43662615,0621012021
MLK 9600—Seattle, WA—20,8491,3951,49220,8492,88723,73694520211957
NE 91st2Redmond, WA—7,9441,866277,9441,8939,83718220221986/1987
SeaTac 8th Avenue1Burien, WA—2,5014,0202,4542,5016,4748,9752,61720131988
SW 16th Street—Renton, WA—6,2512,0011,5796,2513,5809,83133820211962
SW 34th1Renton, WA—2,9123,2895402,9123,8296,7411,49420141996/2010
Valley Corporate2Kent, WA—5,2649,0963,7395,26412,83518,0995,43020111987
Woodinville1Woodinville, WA—12,49012,24457312,49012,81725,3071,32520211996
Woodinville II2Woodinville, WA—20,94112,94995420,94113,90334,8441,45220211999
Woodinville III9Woodinville, WA—193,05637,6201,825193,05639,445232,50140020251979-1996
Willows—Redmond, WA—3,0675812873,0678683,9359920211970
8660 Willows Road—Redmond, WA—18,0342,1801,42218,0343,60221,63650220221987
Miami
26th Street1Miami, FL—3,4444,5581,2723,4445,8309,2742,28720121973
48th Avenue2Miami Gardens, FL—4,3222,1871,0534,3223,2407,5621,14520111987
Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2025
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
70th Avenue1Miami, FL—1,4342,3334691,4342,8024,2361,12520111999
70th Avenue II1Miami, FL—2,1523,4181,1222,1524,5406,6921,35420161969
70th Avenue III1Miami, FL—2,5433,1678482,5434,0156,5581,14320161974
70th Avenue IV1Miami, FL—1,1191,4567281,1192,1843,30357820171969
70th Avenue V1Miami, FL—5,0363,4192,4385,0365,85710,8931,27520171974
73rd Street2Miami, FL—6,13013,9326176,13014,54920,6791,62720212022
74th Avenue1Miami, FL—2,3273,5381,1032,3274,6416,9681,38620161986
81st Street2Medley, FL—2,9385,2422,0882,9387,33010,2682,73220151996/2003
94th Avenue1Doral, FL—3,0003,5803,3663,0006,9469,9461,23820171989
107th Avenue1Medley, FL—2,7872,0369332,7872,9695,7561,35820132001
101st Road1Medley, FL—2,6473,2581,0742,6474,3326,9791,83620132012
131st Street1Medley, FL—2,9035,7291,5952,9037,32410,2272,43220141999
7045 NW 46th St1Miami, FL—2,5172,2612272,5172,4885,00528320221986
8050 NW 90th St—Medley, FL—18,6122,0673,50318,6125,57024,1828392022N/A
12950 SW South River1Medley, FL—1,9714,0291,5201,9715,5497,5201,45520162000
Countyline #24 & #252Hialeah, FL—15,55227,8986,64315,55234,54150,0935,66820212021 & 2021
Countyline #261Hialeah, FL—11,82624,4074,95811,82629,36541,1914,38020212021
Countyline #27 & #282Hialeah, FL—18,59549,0529,84718,59558,89977,4949,09220212021 & 2021
Countyline #29 & #302Hialeah, FL—19,37052,9255,02019,37057,94577,3155,43620222022
Countyline 311Hialeah, FL—13,42528,5761,70713,42530,28343,7081,32220232024
Countyline 331Hialeah, FL—12,02028,21516412,02028,37940,39936020232025
Countyline 381Hialeah, FL—36,89867,30431936,89867,623104,5213,80220232024
Countyline 391Hialeah, FL—14,64729,3375614,64729,39344,0401,40620232024
Countyline 401Hialeah, FL—12,15128,26530412,15128,56940,7201,80620232024
Countyline #411Hialeah, FL—14,04431,26150014,04431,76145,8052,18720232023
Doral Air Logistics Center3Doral, FL—70,197117,6404,72470,197122,364192,5613,22220242022
Miami International Trade Center4Medley, FL—5,06310,9583,9445,06314,90219,9654,51620151996
Royal Palm2Doral, FL—53,55272,13372453,55272,857126,40956520252024
Washington, D.C.
25th Place NE1Washington, D.C.—7,8454,9322827,8455,21413,05936620232023
75th Ave5Landover, MD—10,65818,6157,31010,65825,92536,5838,77620141987/1990
2920 V Street1Washington, D.C.—2,2481,6701,6422,2483,3125,56088020171958
3000 V Street NE1Washington, D.C.—5,1712,7459975,1713,7428,91316820241960
3601 Pennsy1Landover, MD—2,3314,3751,7802,3316,1558,4862,59220131996
4230 Forbes1Lanham, MD—1,7362,3951,5291,7363,9245,6601,27020132003
4501 46th Street—Bladensburg, MD—9,5761,9841,1549,5763,13812,71438220211955
Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2025
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
Business Parkway1Lanham, MD—3,0383,0072233,0383,2306,26882220162002
Eisenhower3Alexandria, VA—36,75523,7682,92036,75526,68863,4433,10020211974
Fleet4Alexandria, VA—51,99929,8591,15451,99931,01383,0121,44120241977
Hampton Overlook3Capitol Heights, MD—4,6027,5213,0464,60210,56715,1693,12320161989/1990
Pickett1Alexandria, VA—6,2562,8507006,2563,5509,80660820211963
Tuxedo—Hyattsville, MD—6,8671,2661,3656,8672,6319,49840920211962
V Street6Washington, D.C.—67,13241,29921,97267,13263,271130,40322,36220151955/1963
Subtotal30872,8793,020,4451,920,193408,6973,020,4452,328,8905,349,335400,226
Unamortized fair market value adjustment(2,456)
Unamortized net deferred financing costs(125)
Intangible assets223,546131,613
Total308$70,298$3,020,445$1,920,193$408,697$3,020,445$2,328,890$5,572,881$531,839
Assets held for sale1$—$974$1,647$817$974$2,464$3,438$1,094
Intangible assets related to assets held for sale220220
Total Assets held for sale1$—$974$1,647$817$974$2,464$3,658$1,314

Schedule III

Real Estate Investments and Accumulated Depreciation – (Continued)

As of December 31, 2025

A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2025 and 2024 is as follows:

20252024
Investment in Properties
Balance at beginning of year$5,121,910$4,047,840
Acquisition of properties728,519937,908
Disposition of properties(166,200)(31,755)
Construction in progress64,557129,564
Properties held for sale(3,658)(7,715)
Improvements, net of write-offs45,10846,068
Balance at end of year$5,790,236$5,121,910
20252024
Accumulated Depreciation
Balance at beginning of year$466,553$384,480
Amortization of lease intangible assets26,55920,368
Depreciation expense84,87071,704
Accumulated depreciation on properties held for sale(1,314)(1,457)
Disposition of properties and write-offs(44,829)(8,542)
Balance at end of year$531,839$466,553
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.