Terreno Realty Corporation · NYSE:TRNO

Terreno Realty — Q3 2014 Earnings Presentation

16 slides from Terreno Realty's earnings presentation, Nov 3, 2014

  1. Slide 1: Terreno Realty Corporation Q3 2014 Update

    Terreno Realty Corporation Q3 2014 Update November 3, 2014

  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 November 3, 2014, closed approximately $127.7 million of acquisitions 97.9% 96.4% comprising approximately 1.2 millio

  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 7.7 million Seattle 7.9% Number of Buildings 109 Northern New Jersey / New York City 31.9% San Francisco Bay Area

  6. Slide 6: Selected Recent Acquisitions

    SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Selected Recent Acquisitions  Purchase Price: $9.2 million  Estimated Stabilized Cap Rate: 5.6% Kent 216th  Size: One industrial distribution building, 107,000 square feet on approximately 6.5 acres

  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 22 of 36 value- added investments to date. Since its IPO, appro

  8. Slide 8: Value Creation – Las Hermanas

    SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – Las Hermanas  Location: Compton, CA  Size: One building, 24,000 SF on approximately 2.5 acres with trailer storage  Acquisition Price: $4.0 million, $169.4 Psf  Occupancy: 100% occu

  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  Increasing acquisition opportunities across our target markets at disco

  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 Months Ended September 30, For the Nine Months Ended September 30, 2014 2013 2014 2013 REVENUES Rental revenues $ 1

  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 COMPONENTS OF NET OPERATING INCOME Ended September 30, Q3 2014 Acquisitions Purchase Estimated Total revenues $ 17,714 Price Stabilized Leas

  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 September 30, For the Nine Months Ended September 30, NET INCOME, FFO AND ADJUSTED FFO 2014 2013 2014 2013 Total revenues $ 17,714 $

  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 For the Nine Months Ended September 30, Ended September 30, SAME STORE GROWTH (1) 2014 2013 $ Change % Change 2014 2013 $ Change % Change Net income $ 3

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