Terreno Realty Corp. TRNO revealed investment as well as operating and capital market activities for first-quarter 2016.In sync with its strategy of acquiring industrial properties, this San Francisco, CA-based real estate investment trust (“REIT”) purchased four industrial properties in the first quarter for around $27.0 million in total.These properties, comprising three buildings of around 125,000 square feet, are located in Seattle, WA, South San Francisco, CA and Medley, FL. Moreover, the acquired properties include an improved land site, consisting around 4.5 acres of paved land in Elizabeth, NJ. Further, the company has about $31.5 million of acquisitions under contract.On the other hand, Terreno Realty sold two industrial properties for a total of around $16.4 million. This included one flex/R&D industrial building in San Jose, CA (72,000 square feet) and another industrial building in Sterling, VA (69,000 square feet).As for its operating measures, Terreno Realty’s occupancy moderated in the first quarter due to the expiration of a short-term lease at 180 Manor that was a value-added acquisition through sale-leaseback in the prior quarter. In fact, its quarter-end occupancy came at 90.7% against the prior-quarter tally of 91.5% and prior year total of 92.0%. Moreover, the same-store portfolio of approximately 8.7 million square feet was 92.2% leased as of Mar 31, 2016, compared with 92.7% at the prior-quarter end. Further, cash rents on new and renewed leases increased 5.9% for the quarter.The company enjoyed ownership of 149 buildings, spanning around 11.1 million square feet, together with three improved land parcels comprising 8.0 acres as of Mar 31, 2016.Coming to its capital-market activities in first-quarter 2016, Terreno Realty reaped gross proceeds of around $1.2 million from the issuance of a total of 50,968 shares of common stock with a weighted average offering price of $23.52 under its at-the-market equity offering program. However, the company did not repurchase any shares under its repurchase authorization.These latest acquisitions/dispositions are expected to boost Terreno Realty’s bottom line, going ahead. The company actively focuses on leveraging from improving fundamentals of industrial markets and bolstering its business in the key coastal U.S. markets like Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C./Baltimore.Terreno Realty currently carries a Zacks Rank #3 (Hold).Investors interested in the REIT industry may consider stocks like DCT Industrial Trust Inc. DCT, Prologis, Inc. PLD and Public Storage PSA. Each of these stocks has a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PROLOGIS INC (PLD): Free Stock Analysis Report PUBLIC STORAGE (PSA): Free Stock Analysis Report TERRENO REALTY (TRNO): Free Stock Analysis Report DCT INDUSTRIAL (DCT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research