Terreno Realty Corporation · NYSE:TRNO

Terreno Realty — Q4 2014 Earnings Presentation

16 slides from Terreno Realty's earnings presentation, Feb 11, 2015

  1. Slide 1: Terreno Realty Corporation Q4 2014 Update

    Terreno Realty Corporation Q4 2014 Update February 11, 2015

  2. 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

  3. 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)

  4. Slide 4: Recent Highlights

    SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Recent Highlights Occupancy Acquisitions Portfolio Same Store  During 2014, closed approximately $235.7 million of acquisitions comprising approximately 2.3 million square 97.1% feet. In addition, comp

  5. 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 9.3 million Seattle 8.9% Number of Buildings 126 Northern New Jersey / New York City 29.3% San Francisco Bay Area

  6. Slide 6: Selected Recent Acquisitions

    SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Selected Recent Acquisitions  Purchase Price: $115.5 million  Estimated Stabilized Cap Rate: 5.8% V Street  Size: Six industrial buildings, 820,000 square feet on approximately 18.9 acres Washington,

  7. Slide 7: 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 24 of 37 value- added investments to date. Since its IPO, appro

  8. Slide 8: Value Creation – Americas Gateway

    SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – Americas Gateway  Location: Doral, FL  Size: Six buildings, 307,000 SF  Acquisition Price: $23.7 million, $77.3 Psf  Estimated Stabilized Cap Rate: 6.7%  Occupancy: 70% occupied at

  9. Slide 9: Value Creation – 240 Littlefield

    SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – 240 Littlefield BEFORE  Location: South San Francisco, CA  Size: One building, 69,500 SF  Acquisition Price: $8.4 million, $114 Psf  Occupancy: Vacant AFTER at acquisition; lease ex

  10. Slide 10: 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

  11. Slide 11: 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  Increasing acquisition opportunities across our target markets at disco

  12. Slide 12: Appendix

    SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix 12

  13. Slide 13: Appendix: Statements Of Operations

    SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix: Statements Of Operations For the Three Months Ended CONSOLIDATED STATEMENTS OF OPERATIONS December 31, For the Year Ended December 31, 2014 2013 2014 2013 REVENUES Rental revenues $ 14,860 $ 1

  14. Slide 14: 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 Q4 2014 Acquisitions COMPONENTS OF NET OPERATING INCOME Ended December 31, Purchase Estimated Price Stabilized Leased % at Total revenues $

  15. Slide 15: 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 December 31, For the Year Ended December 31, NET INCOME, FFO AND ADJUSTED FFO 2014 2013 2014 2013 Total revenues $ 18,747 $ 13,169 $

  16. Slide 16: Appendix: Same Store Results

    SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix: Same Store Results For the Three Months For the Year Ended Ended December 31, December 31, SAME STORE GROWTH (1) 2014 2013 $ Change % Change 2014 2013 $ Change % Change Net income $ 2,774 $ 3,

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