Terreno Realty Corporation · NYSE:TRNO
Terreno Realty — Q4 2013 Earnings Presentation
15 slides from Terreno Realty's earnings presentation, Feb 19, 2014
Slide 1: Terreno Realty Corporation Q4 2013 Update
Terreno Realty Corporation Q4 2013 Update February 19, 2014
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 six Broad product opportunity set(1)
Slide 4: Recent Highlights
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Recent Highlights 2013 Highlights Quarter end occupancy of 92.8% compared to 88.6% at Q3 2013 and 93.3% at Q4 2012 Same store occupancy of 96.8% as compared to 90.2% at Q3 2013 and 95.0% at Q4 2012
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 6.8 million Seattle 7.1% Number of Buildings 96 Northern New Jersey / New York City 35.3% San Francisco Bay Area
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 15 of 28 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 ac
Slide 9: 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 10: 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 11: Appendix
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix 11
Slide 12: 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 December 31, For the Year Ended December 31, 2013 2012 2013 2012 REVENUES Rental revenues $ 10,426 $ 6
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 December 31, Q4 2013 Acquisitions Purchase Estimated Total revenues $ 13,169 Price Stabilized Lease
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 December 31, For the Year Ended December 31, NET INCOME, FFO AND ADJUSTED FFO 2013 2012 2013 2012 Total revenues $ 13,169 $ 29,335 $
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 Year Ended Ended December 31, December 31, SAME STORE GROWTH (1) 2013 2012 $ Change % Change 2013 2012 $ Change % Change Net income (loss) $ 3,7