Terreno Realty Corporation · NYSE:TRNO
Terreno Realty — NAREIT REITweek 2016
17 slides from Terreno Realty's conference presentation, June 2016
Slide 1: Terreno Realty Corporation NAREIT Update
Terreno Realty Corporation NAREIT Update June 7-8, 2016
Slide 2: Forward Looking Statements
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Forward Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact are forward-lo
Slide 3: Investment Strategy
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Investment Strategy Unique and Highly Selective Focus on Functional Assets Market Approach in Infill Locations Acquire, own and operate industrial real estate in six Broad product opportunity set(1)
Slide 4: Recent Highlights
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Recent Highlights Occupancy Investment Activities Portfolio Same Store During the first quarter of 2016, acquired approximately 125,000 square feet and an improved land site of approximately 4.5 acres
Slide 5: Current Portfolio Overview
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Current Portfolio Overview Key Metrics(1) Current Portfolio by Geography (2) Square Feet 11.1 Million Seattle 12.3% Number of Buildings 149 Northern New Jersey / New York City 24.7% San Francisco Bay Ar
Slide 6: Terreno’s Submarket Focus
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Terreno’s Submarket Focus Terreno Portfolio (4) Market Shrinking Supply (1) No Net New Supply (2) New Supply (3) Los Angeles LAX South Bay Inland Empire West Shrinking West of 405 Commerce/Vernon Inland
Slide 7: Selected Recent Acquisitions
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Selected Recent Acquisitions Purchase Price: $6.5 million Estimated Stabilized Cap Rate: 6.3% 4930 3rd Avenue Size: One industrial distribution building containing South approximately 35,000 squar
Slide 8: Selected Examples of Value Creation
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Selected Examples of Value Creation In addition to the acquisition and operation of core properties, Terreno has successfully stabilized 35 of 52 value-added investments to date. Since its IPO, approx
Slide 9: Value Creation – Capital Recycling
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – Capital Recycling Property: Sweitzer Location: Laurel, MD Size: One building, 85,000 SF on 6.9 acres Acquisition Price: $7.0 million, $82 PSF ($23 per land SF) in October 2012
Slide 10: Value Creation – Redevelopment
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – Redevelopment BEFORE Property: South Main Location: Carson, CA Acquisition size and price: Three industrial buildings totaling 186,000 SF and one 34,000 SF office building on 14.3
Slide 11: Market Leading Corporate Structure
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Market Leading Corporate Structure Management Alignment Corporate Governance Executive Team’s long-term incentive Majority independent directors with diverse compensation fully aligned with stockhol
Slide 12: Key Takeaways
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Key Takeaways Focused strategy – Six major coastal US markets exclusively – Flexible and functional assets in infill locations Acquisition opportunities across our target markets at discounts to rep
Slide 13: Appendix
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix 13
Slide 14: Appendix: Statements Of Operations
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix: Statements Of Operations CONSOLIDATED STATEMENTS OF OPERATIONS For the Three M onths Ended M arch 31, 2016 2015 REVENUES Rental revenues $ 19,998 $ 17,807 Tenant expense reimbursements 5,659 5
Slide 15: Appendix: Supplemental Components of NAV
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix: Supplemental Components of NAV For the Three Months Ended Q1 2016 Acquisitions COMPONENTS OF NET OPERATING INCOME March 31, 2016 Purchase Estimated Total revenues $ 25,657 Price Stabilized Lea
Slide 16: Appendix: Net Income, FFO and Adjusted FFO
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix: Net Income, FFO and Adjusted FFO For the Three Months Ended March 31, NET INCOME, FFO AND ADJUSTED FFO 2016 2015 Total revenues $ 25,657 $ 23,131 Property operating expenses (7,754) (7,130) De
Slide 17: Appendix: Same Store and Disposition Results
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix: Same Store and Disposition Results For the Three Months Ended March 31, (1) SAME STORE GROWTH 2016 2015 $ Change % Change Net income (loss) $ 7,433 $ (845) $ 8,278 n/a Depreciation and amortiz