Terreno Realty Corporation Announces Tax Treatment of 2021 Dividends

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SAN FRANCISCO--(BUSINESS WIRE)-- 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 2021 dividend distributions to holders of its common stock.

For holders of Terreno Realty Corporation common stock, the 2021 distribution of $1.28 per share includes one quarterly distribution declared in 2020 and paid in 2021, three quarterly distributions declared and paid in 2021, and a portion of one quarterly distribution declared in 2021 and paid in 2022. The distribution characteristics are as follows:

Record Date		Date Paid		Dividend per Share		2021 Ordinary Taxable Dividend		2021 Total Capital Gain Dividend		2021 Return of Capital Dividend		2021 Unrecaptured Section 1250 Gain (1)		2021 Section 199A Dividend (2)
December 15, 2020		January 5, 2021		$ 0.290000		$ 0.278630		$ 0.011370		$ -		$ 0.000861		$ 0.278630
March 26, 2021		April 9, 2021		$ 0.290000		$ 0.278630		$ 0.011370		$ -		$ 0.000861		$ 0.278630
June 30, 2021		July 14, 2021		$ 0.340000		$ 0.326669		$ 0.013331		$ -		$ 0.001009		$ 0.326669
October 1, 2021		October 15, 2021		$ 0.340000		$ 0.326669		$ 0.013331		$ -		$ 0.001009		$ 0.326669
December 15, 2021		January 5, 2022		$ 0.022806		$ 0.021912		$ 0.000894		$ -		$ 0.000068		$ 0.021912
Total				$ 1.282806		$ 1.232510		$ 0.050296		$ -		$ 0.003808		$ 1.232510
Dividend as a % of total						96.1%		3.9%		0.0%		0.3%		96.1%

(1)		The 2021 Unrecaptured Section 1250 Gain is a subset of, and is included in, the 2021 Total Capital Gain Dividend amount.
(2)		2021 Section 199A Dividends are a subset of, and are included in, the 2021 Ordinary Taxable Dividends.

Approximately $0.02 of the $0.34 distribution that was declared on November 2, 2021 and paid on January 5, 2022 will be considered a distribution made in 2021 for U.S. federal income tax purposes.

Terreno Realty Corporation acquires, owns and operates 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.

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,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” 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, the impact of the COVID-19 pandemic on our business, our tenants and the national and local economies, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2020 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, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005786/en/

Jaime Cannon
415-655-4580

Source: Terreno Realty Corporation