Terreno Realty Corporation · NYSE:TRNO
Terreno Realty — Q3 2013 Earnings Presentation
15 slides from Terreno Realty's earnings presentation, Nov 6, 2013
Slide 1: Terreno Realty Corporation Q3 Update
Terreno Realty Corporation Q3 Update November 6, 2013
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 6 Broad product opportunity set(1) m
Slide 4: Recent Highlights
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Recent Highlights 2013 Highlights Quarter end occupancy of 88.6% compared to 89.1% at Q2 2013 and 92.6% at September 30, 2012. Subsequent to September 30, 2013, executed two leases totaling approximat
Slide 5: Current Portfolio Overview
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Current Portfolio Overview Key Metrics Current Portfolio by Geography (1) Square Feet 6.4 million Seattle 7.0% Number of Buildings 87 Northern New Jersey / New York City 31.5% San Francisco Bay Area Tot
Slide 6: 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 14 of 25 value- added investments to date. Since its IPO, appro
Slide 7: Value Creation – 78th Avenue
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – 78th Avenue Location: Doral, FL Size: 1 building, 74,786 SF Acquisition Price: $4.2 million, $56 psf Occupancy: Vacant at acquisition; lease executed during approximate $1.9 mil
Slide 8: Value Creation – 101st Road
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – 101st Road Location: Medley, FL Size: 1 building 52,536 SF and approximately 2.3 acres of excess land Acquisition Price: $6.0 million, $114 psf Occupancy: Building vacant at acq
Slide 9: Value Creation - Rialto
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation - Rialto Location: San Bernardino, CA Size: 2 buildings, 121,551 SF on 31.7 acres Acquisition Price: $12.1 million, $100 psf ($63,000 per door), $8.50 per land sf Sale Price: $17.
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 CEO and President’s long-term incentive Majority independent directors with diverse compensation fully aligned with stock
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
Slide 12: Appendix
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix 12
Slide 13: 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 COMPONENTS OF NET OPERATING INCOME Ended September 30, Q3 2013 Acquisitions Purchase Estimated Total revenues $ 11,516 Price Stabilized Leas
Slide 14: 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 For the Nine Months Ended September 30, September 30, NET INCOME, FFO AND ADJUSTED FFO 2013 2012 2013 2012 Total revenues $ 11,516 $
Slide 15: 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 Nine Months Ended September 30, Ended September 30, SAME STORE GROWTH (1) 2013 2012 $ Change % Change 2013 2012 $ Change % Change Net income (lo