Terreno Realty Corporation Announces Tax Treatment Of 2013 Dividend

Terreno Realty Corporation (NYSE:TRNO) announced today the income tax treatment of its 2013 distributions to holders of its common and preferred stock.

For holders of Terreno Realty Corporation common stock, the 2013 dividend of $0.50 per share includes three quarterly distributions declared and paid in 2013 and one quarterly distribution declared in 2012 and paid in 2013. The dividend characteristics are as follows:
Record Date   Date Paid   Dividend per Share   2013 Ordinary Taxable Dividend   2013 Total Capital Gain Distribution   2013 Unrecaptured Section 1250 Gain (1)   2013 Return of Capital per Share
December 31, 2012 January 14, 2013 $ 0.12 $ 0.0906746 $ 0.0152136 $ 0.0063352 $ 0.0141118
April 5, 2013 April 19, 2013 $ 0.12 $ 0.0906746 $ 0.0152136 $ 0.0063352 $ 0.0141118
July 5, 2013 July 19, 2013 $ 0.13 $ 0.0982308 $ 0.0164814 $ 0.0068632 $ 0.0152878
October 7, 2013 October 21, 2013 $ 0.13 $ 0.0982308 $ 0.0164814 $ 0.0068632 $ 0.0152878

(1) The 2013 Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount.

The $0.13 dividend that was declared on November 5, 2013 and paid on January 14, 2014 will be considered a distribution made in 2014 for U.S. federal income tax purposes.

For holders of Terreno Realty Corporation preferred stock, all 2013 dividends were classified as ordinary income.

Terreno Realty Corporation is an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C./Baltimore.

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”, “project”, “result”, “should”, “will”, and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2012 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise.

Copyright Business Wire 2010