Terreno Realty Corporation · NYSE:TRNO

Terreno Realty — Q3 2015 Earnings Presentation

16 slides from Terreno Realty's earnings presentation, Nov 4, 2015

1. Slide 1: Terreno Realty Corporation Q3 2015 Update

   Terreno Realty Corporation Q3 2015 Update November 4, 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 Investment Activities  Year-to-date through November 3, 2015, closed Portfolio Same Store approximately $213.1 million of acquisitions comprising approximately 1.8 million s

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 10.5 million Seattle 9.8% Number of Buildings 141 Northern New Jersey / New York City 24.1% San Francisco Bay Are

6. Slide 6: Selected Recent Acquisitions

   SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Selected Recent Acquisitions  Purchase Price: $17.3 million  Estimated Stabilized Cap Rate: 5.8% MITC  Size: Four industrial distribution buildings containing 155,000 square feet on 7.3 acres Medley,

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 29 of 42 value-added investments to date. Since its IPO, approx

8. Slide 8: Value Creation – Capital Recycling

   SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – Capital Recycling  Property: Warm Springs  Location: Fremont, CA  Size: Two buildings, 141,000 SF  Acquisition Price: $7.3 million, $52 PSF  Sale Price: $13.4 million, $95 PSF  Oc

9. Slide 9: 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

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  Acquisition opportunities across our target markets at discounts to rep

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 CONSOLIDATED STATEMENTS OF OPERATIONS For the Three Months Ended September 30, For the Nine Months Ended September 30, 2015 2014 2015 2014 REVENUES Rental revenues $ 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 Q3 2015 Acquisitions Months Ended COMPONENTS OF NET OPERATING INCOME September 30, 2015 Purchase Estimated Price Stabilized Leased % at Total reven

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 September 30, For the Nine Months Ended September 30, NET INCOME, FFO AND ADJUSTED FFO 2015 2014 2015 2014 Total revenues $ 24,327 $

16. Slide 16: 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 For the Nine Months Ended September 30, Ended September 30, (1) SAME STORE GROWTH 2015 2014 $ Change % Change 2015 2014 $ Change % Chang

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