Terreno Realty Corporation · NYSE:TRNO

Terreno Realty — Q2 2014 Earnings Presentation

16 slides from Terreno Realty's earnings presentation, Aug 11, 2014

1. Slide 1: Terreno Realty Corporation Q2 2014 Update

   Terreno Realty Corporation Q2 2014 Update August 11, 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 Operating Performance Acquisitions Portfolio Occupancy Same Store Occupancy  Year-to-date through August 11, 2014, closed 97.9% approximately $91.7 million of acquisitions 96.4% 95.9%

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 7.5 million Seattle 6.3% Number of Buildings 106 Northern New Jersey / New York City 32.9% 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: $8.5 million  Estimated Stabilized Cap Rate: 6.0% South Main II  Size: One office building, 34,000 square feet on approximately 4.7 acres and adjacent to

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 21 of 34 value- added investments to date. Since its IPO, appro

8. Slide 8: Value Creation – Ethel Rd

   SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – Ethel Rd  Location: Piscataway, NJ  Size: Two buildings, 104,930 SF on approximately 7.7 acres  Acquisition Price: $7.0 million, $66 Psf  Occupancy: 76% occupied at acquisition; 100

9. Slide 9: Value Creation – 240 Littlefield

   SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – 240 Littlefield  Location: South San Francisco, CA  Size: One building, 69,500 SF  Acquisition Price: $8.4 million, $114 Psf  Occupancy: Vacant at acquisition; lease executed during

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 Months Ended June 30, For the Six Months Ended June 30, 2014 2013 2014 2013 REVENUES Rental revenues $ 13,184 $ 8,5

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 June 30, 2014 Q2 2014 Acquisitions Purchase Estimated Total revenues $ 16,610 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 June 30, For the Six Months Ended June 30, NET INCOME, FFO AND ADJUSTED FFO 2014 2013 2014 2013 Total revenues $ 16,610 $ 10,815 $ 3

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 Six Months Ended Ended June 30, June 30, SAME STORE GROWTH (1) 2014 2013 $ Change % Change 2014 2013 $ Change % Change Net income $ 2,721 $ 822

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