Terreno Realty Corporation · NYSE:TRNO
Terreno Realty — Q2 2013 Earnings Presentation
15 slides from Terreno Realty's earnings presentation, August 2013
Slide 1: Terreno Realty Corporation Q2 Update
Terreno Realty Corporation Q2 Update
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 Broad product opportunity set(1) exclus
Slide 4: Recent Highlights
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Recent Highlights 2013 Highlights Quarter end occupancy of 89.1% including 333,000 square feet of acquired vacancy, or 5.5% of the portfolio, compared to 93.3% at Q1 2013 and 91.3% at June 30, 2012
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 6.2 million Seattle 7.4% Number of Buildings 82 Northern New Jersey / New York City 27.5% San Francisco Bay Area Was
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 13 of 24 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 June 30, 2013 Q2 2013 Acquisitions Purchase Estimated Total revenues $ 10,815 Price Stabilized Occu
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 June 30, For the Six Months Ended June 30, NET INCOME, FFO AND ADJUSTED FFO 2013 2012 2013 2012 Total revenues $ 10,815 $ 6,774 $ 20
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 Six Months Ended Ended June 30, June 30, SAME STORE GROWTH (1) 2013 2012 $ Change % Change 2013 2012 $ Change % Change Net income (loss) $ 822 $