Terreno Realty Corporation Declares Quarterly Dividends and Files First Quarter 2014 Financial Statements
May 12, 2014
Common stock dividend increased 7.7%
SAN FRANCISCO--(BUSINESS WIRE)--
The Board of Directors of Terreno Realty Corporation (NYSE: TRNO), an
acquirer, owner and operator of industrial real estate in six major
coastal U.S. markets, declared a regular cash dividend for the quarter
ending June 30, 2014 of $0.14 per common share; an increase of 7.7% over
the prior dividend level. The dividend will be payable on July 21, 2014
to common stockholders of record at the close of business on July 7,
The Board of Directors declared a dividend of $0.484375 per preferred
share on Terreno Realty Corporation’s 7.75% Series A Cumulative
Redeemable preferred stock. The preferred dividend will be payable June
30, 2014 to preferred stockholders of record at the close of business on
June 11, 2014.
Terreno Realty Corporation also filed its quarterly report on Form 10-Q
for the quarter ended March 31, 2014 with the U.S. Securities and
Exchange Commission. The financial statements and other information are
available in the Investor & Media section of Terreno Realty
Corporation’s website, www.terreno.com.
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.
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.
Terreno Realty Corporation W. Blake Baird or Michael A. Coke,