Terreno Realty Corporation · NYSE:TRNO
Terreno Realty — NAREIT Investor Forum 2013
14 slides from Terreno Realty's conference presentation, Jun 6, 2013
Slide 1: Terreno Realty Corporation – NAREIT Investor Forum
Terreno Realty Corporation NAREIT Investor Forum June 6, 2013
Slide 2: Forward Looking Statements
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.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-looking statements an
Slide 3: Recent Highlights
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Recent Highlights Recent Highlights Quarter end occupancy of 93.3%, unchanged from 93.3% at Q4 2012 and increased from 92.9% at March 31, 2012 Closed $11.5 million of acquisitions comprising approximately 118,000 squa
Slide 4: Investment Strategy
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.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) exclusively in 6 major co
Slide 5: Current Portfolio Overview
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Current Portfolio Overview Key Metrics Current Portfolio by Geography (1) Square Feet 5.6 million Seattle 8.0% Number of Buildings 77 Northern New Jersey / New York City 24.8% San Francisco Bay Area Washington, D.C. / Tot
Slide 6: Selected Examples of Value Creation
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Selected Examples of Value Creation In addition to the acquisition and operation of core properties, Terreno has successfully stabilized 13 of 22 value- added investments to date. Since its IPO, approximately 52% of Ter
Slide 7: Value Creation – 78th Avenue
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Value Creation – 78th Avenue Location: Doral, FL Size: 1 building, 75,000 SF Acquisition Price: $4.2 million, $56 psf Occupancy: Vacant at acquisition; lease executed during renovation Renovation: Reconfigured t
Slide 8: Value Creation – 101st Road
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.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 acquisition; lease exe
Slide 9: Value Creation - Rialto
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Value Creation - Rialto Location: San Bernardino, CA Size: 2 buildings, 121,500 SF on 31.7 acres Acquisition Price: $12.1 million, $100 psf ($63,000 per door), $8.50 per land sf Sale Price: $17.0 million, Occupa
Slide 10: Market Leading Corporate Structure
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.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 stockholders; expertise
Slide 11: Key Takeaways
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.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 replacement cost – Opp
Slide 12: Appendix: Supplemental Components of NAV
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Appendix: Supplemental Components of NAV For the Three Months COMPONENTS OF NET OPERATING INCOME Ended March 31, 2013 Q1 2013 Acquisitions Purchase Estimated Total revenues $ 10,487 Price Stabilized Leased % at Less strai
Slide 13: Appendix: Net Income, FFO and Adjusted FFO
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Appendix: Net Income, FFO and Adjusted FFO For the Three For the Three Months Ended Months Ended NET INCOME, FFO AND ADJUSTED FFO March 31, 2013 March 31, 2012 Total revenues $ 10,487 $ 6,237 Property operating expenses (
Slide 14: Appendix: Same Store Results
TECTONIC\Roadshow Presentation\Project Tectonic Roadshow Presentation v31.pptx Appendix: Same Store Results For the Three Months SAME STORE GROWTH (1) Ended March 31, 2013 2012 $ Change % Change Net income (loss) $ 794 $ (267) $ 1,061 n/a Depreciation and amortization from continuing operations 2,73