Terreno Realty Corporation · NYSE:TRNO
Terreno Realty — Q1 2013 Earnings Presentation
14 slides from Terreno Realty's earnings presentation, May 2013
Slide 1: Terreno Realty Corporation Q1 2013
Terreno Realty Corporation Q1 2013
Slide 2: Forward Looking Statements
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.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-looking statements an
Slide 3: Recent Highlights
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Recent Highlights Recent Highlights Quarter end occupancy of 93.3%, unchanged from 93.3% at Q4 2012 and increased from 92.9% at March 31, 2012 Closed $11.5 million of acquisitions comprising approximately 118,000 squa
Slide 4: Investment Strategy
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Investment Strategy Unique and Highly Selective Focus on Functional Assets Market Approach in Infill Locations Acquire, own and operate industrial real estate Broad product opportunity set(1) exclusively in 6 major co
Slide 5: Current Portfolio Overview
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Current Portfolio Overview Key Metrics Current Portfolio by Geography (1) Square Feet 5.3 million Seattle 8.4% Number of Buildings 71 Northern New Jersey / New York City 26.0% San Francisco Bay Area Washington, D.C. / Tot
Slide 6: Selected Examples of Value Creation
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Selected Examples of Value Creation As well as the acquisition and operation of core properties, Terreno has successfully stabilized 12 of 21 value-added investments to date. Since its IPO, approximately 49% of Terreno’
Slide 7: Value Creation - 620 Division
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Value Creation - 620 Division Location: Elizabeth, NJ Size: 1 building 150,348 SF Acquisition Price: $10.4 million, $69 psf Occupancy: 100% leased to 2 tenants at acquisition Product Type: Warehouse / Distributi
Slide 8: Value Creation - Kent
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Value Creation - Kent 188 Location: Kent, WA Size: 1 building, 137,872 SF Acquisition Price: $8.3 million, $60 psf Occupancy: 100% leased to 1 tenant at acquisition Product Type: Warehouse / distribution Value C
Slide 9: Value Creation - Rialto
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Value Creation - Rialto Location: San Bernardino, CA Size: 2 buildings, 121,500 SF on 31.7 acres Acquisition Price: $12.1 million, $100 psf ($63,000 per door), $8.50 per land sf Sale Price: $17.0 million, Occupa
Slide 10: Market Leading Corporate Structure
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.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 stockholders; expertise
Slide 11: Key Takeaways
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.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 replacement cost – Opp
Slide 12: Appendix: Supplemental Components of NAV
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Appendix: Supplemental Components of NAV For the Three Months COMPONENTS OF NET OPERATING INCOME Ended March 31, 2013 Q1 2013 Acquisitions Purchase Estimated Total revenues $ 10,487 Price Stabilized Leased % at Less strai
Slide 13: Appendix: Net Income, FFO and Adjusted FFO
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Appendix: Net Income, FFO and Adjusted FFO For the Three For the Three Months Ended Months Ended NET INCOME, FFO AND ADJUSTED FFO March 31, 2013 March 31, 2012 Total revenues $ 10,487 $ 6,237 Property operating expenses (
Slide 14: Appendix: Same Store Results
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Appendix: Same Store Results For the Three Months SAME STORE GROWTH (1) Ended March 31, 2013 2012 $ Change % Change Net income (loss) $ 794 $ (267) $ 1,061 n/a Depreciation and amortization from continuing operations 2,73