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Terreno Realty Corporation Announces Tax Treatment of 2014 Dividend

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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 2014 distributions to holders of its common and preferred stock.

For holders of Terreno Realty Corporation common stock, the 2014 dividend of $0.57 per share includes three quarterly distributions declared and paid in 2014, one quarterly distribution declared in 2013 and paid in 2014, and 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

2014 Ordinary
Taxable
Dividend

2014 Capital
Gain Dividend

2014 Return of
Capital
Dividend

Common stock December 31, 2013 January 14, 2014 $ 0.13 $ 0.130000 $ 0.000000 $ 0.000000
Common stock April 7, 2014 April 21, 2014 $ 0.13 $ 0.130000 $ 0.000000 $ 0.000000
Common stock July 7, 2014 July 21, 2014 $ 0.14 $ 0.140000 $ 0.000000 $ 0.000000
Common stock October 7, 2014 October 21, 2014 $ 0.14 $ 0.140000 $ 0.000000 $ 0.000000
Common stock December 31, 2014 January 14, 2015 $ 0.03 $ 0.032283 $ 0.000000 $ 0.000000
Total $ 0.57 $ 0.572283 $ 0.000000 $ 0.000000

Approximately $0.03 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 2014 for U.S. federal income tax purposes.

For holders of Terreno Realty Corporation preferred stock, all 2014 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, 2013 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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