Terreno Realty Corporation · NYSE:TRNO
Terreno Realty — NAREIT Update November 2015
17 slides from Terreno Realty's conference presentation, Nov 17, 2015
Slide 1: NAREIT Update November 17-18, 2015
Terreno Realty Corporation NAREIT Update November 17-18, 2015
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 Occupancy Investment Activities Year-to-date through November 3, 2015, closed Portfolio Same Store approximately $213.1 million of acquisitions comprising approximately 1.8 million s
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 10.5 million Seattle 9.8% Number of Buildings 141 Northern New Jersey / New York City 24.1% San Francisco Bay Are
Slide 6: Terreno's Submarket Trends
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Terreno’s Submarket Trends Terreno Portfolio 4 No Net Market Shrinking Supply 1 New Supply 2 New Supply 3 Shrinking New Supply Supply 29% 24% Los Angeles LAX South Bay Inland Empire West West of 405 Com
Slide 7: Selected Recent Acquisitions
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Selected Recent Acquisitions Purchase Price: $17.3 million Estimated Stabilized Cap Rate: 5.8% MITC Size: Four industrial distribution buildings containing 155,000 square feet on 7.3 acres Medley,
Slide 8: 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 29 of 42 value-added investments to date. Since its IPO, approx
Slide 9: Value Creation – Capital Recycling
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – Capital Recycling Property: Sweitzer Location: Laurel, MD Size: One building, 85,000 SF Acquisition Price: $7.0 million, $82 PSF ($23 per land SF) in September 2012 Sale Price
Slide 10: Value Creation – Redevelopment
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – Redevelopment BEFORE Property: South Main Location: Carson, CA Acquisition size and price: Three industrial buildings totaling 186,000 SF and one 34,000 SF office building on 14.3
Slide 11: 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
Slide 12: 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 13: Appendix
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix 13
Slide 14: 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, 2015 2014 2015 2014 REVENUES Rental revenues $ 1
Slide 15: 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 Q3 2015 Acquisitions Months Ended COMPONENTS OF NET OPERATING INCOME September 30, 2015 Purchase Estimated Price Stabilized Leased % at Total reven
Slide 16: 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 2015 2014 2015 2014 Total revenues $ 24,327 $
Slide 17: Appendix: Same Store and Disposition Results
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix: Same Store and Disposition Results For the Three Months For the Nine Months Ended September 30, Ended September 30, (1) SAME STORE GROWTH 2015 2014 $ Change % Change 2015 2014 $ Change % Chang