Terreno Realty Corporation (NYSE:TRNO) , an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the income tax treatment of its 2015 distributions to holders of its common and preferred stock.

For holders of Terreno Realty Corporation common stock, the 2015 dividend of approximately $0.61 per share includes three quarterly distributions declared and paid in 2015, one quarterly distribution declared in 2014 and paid in 2015, less a portion of a dividend declared in 2014 and paid in 2015. The dividend characteristics are as follows:
           
Security Record Date Date Paid

Dividend per Share

2015 Ordinary Taxable Dividend

2015 Capital Gain Dividend

2015 Return of Capital Dividend
Common stock December 31, 2014 January 14, 2015 $ 0.127717 $ 0.104392 $ 0.023325 $ 0.000000
Common stock April 17, 2015 April 21, 2015 $ 0.160000 $ 0.130779 $ 0.029221 $ 0.000000
Common stock July 7, 2015 July 21, 2015 $ 0.160000 $ 0.130779 $ 0.029221 $ 0.000000
Common stock October 7, 2015 October 21, 2015 $ 0.160000 $ 0.130779 $ 0.029221 $ 0.000000
Total $ 0.607717 $ 0.496729 $ 0.110988 $ 0.000000
 

Approximately $0.13 of the $0.16 dividend that was declared on November 4, 2014 and paid on January 14, 2015 will be considered a distribution made in 2015 for U.S. federal income tax purposes.

For holders of Terreno Realty Corporation preferred stock, all 2015 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, 2014 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.

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