Terreno Realty Corporation · NYSE:TRNO

Terreno Realty — Q1 2015 Earnings Presentation

16 slides from Terreno Realty's earnings presentation, May 6, 2015

  1. Slide 1: Terreno Realty Corporation Q1 2015 Update

    Terreno Realty Corporation Q1 2015 Update May 6, 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  Year-to-date through May 6, 2015, closed approximately $166.0 million of acquisitions comprising approximately 95.6% 1.3 million square fe

  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 10.4 million Seattle 7.5% Number of Buildings 137 Northern New Jersey / New York City 24.9% 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: $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 25 of 40 value- added investments to date. Since its IPO, appro

  8. Slide 8: Value Creation – Broadway

    SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – Broadway  Location: Gardena, CA  Size: One building, 40,000 SF  Acquisition Price: $6.0 million, $150 PSF  Estimated Stabilized Cap Rate: 6.5%  Occupancy: 100% occupied at acquisit

  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  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 M onths Ended M arch 31, 2015 2014 REVENUES Rental revenues $ 17,807 $ 12,071 Tenant expense reimbursements 5,324 3

  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 Ended COMPONENTS OF NET OPERATING INCOME March 31, 2015 Q1 2015 Acquisitions Purchase Estimated Total revenues $ 23,131 Price Stabilized Lea

  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 March 31, NET INCOME, FFO AND ADJUSTED FFO 2015 2014 Total revenues $ 23,131 $ 15,804 Property operating expenses (7,130) (4,822) De

  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 Ended March 31, SAME STORE GROWTH (1) 2015 2014 $ Change % Change Net (loss) income $ (845) $ 1,785 $ (2,630) n/a Depreciation and amortization from con

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