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Terreno Realty Corporation Announces Tax Treatment of 2024 Dividends

1. Terreno Realty announces $1.97 dividend distribution for 2024. 2. The dividend includes quarterly payments from 2023 and 2024 distributions. 3. Significant portion is taxable, potentially affecting investor returns. 4. Terreno operates in key coastal U.S. markets, indicating strategic position.

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Why Bullish?

The announced dividend ensures continued investor income and reflects financial stability, supporting TRNO's price.

How important is it?

Dividend announcements are important for income-focused investors and reflect company profitability.

Why Short Term?

Dividends typically influence stock price in the short term, especially around payment dates.

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NYSE:TRNO
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 2024 dividend distributions to holders of its common stock. For holders of Terreno Realty Corporation common stock, the 2024 distribution of $1.97 per share includes a portion of one quarterly distribution declared in 2023 and paid in 2024, three quarterly distributions declared and paid in 2024, and a portion of one quarterly distribution declared in 2024 and paid in 2025. The distribution characteristics are as follows: Security Record Date Date Paid Dividendper Share 2024 OrdinaryTaxableDividend 2024 TotalCapital GainDividend 2024 Returnof CapitalDividend 2024UnrecapturedSection 1250Gain (1) 2024 Section199A Dividend(2) Common stock December 15, 2023 January 5, 2024 $ 0.324600 $ 0.285216 $ 0.039384 $ - $ 0.001370 $ 0.285216 Common stock March 28, 2024 April 5, 2024 $ 0.450000 $ 0.395401 $ 0.054599 $ - $ 0.001899 $ 0.395401 Common stock June 28, 2024 July 12, 2024 $ 0.450000 $ 0.395401 $ 0.054599 $ - $ 0.001899 $ 0.395401 Common stock September 30, 2024 October 11, 2024 $ 0.490000 $ 0.430548 $ 0.059452 $ - $ 0.002068 $ 0.430548 Common stock December 13, 2024 January 7, 2025 $ 0.256000 $ 0.224939 $ 0.031061 $ - $ 0.001080 $ 0.224939 Total $ 1.970600 $ 1.731505 $ 0.239095 $ - $ 0.008316 $ 1.731505 Dividend as a % of total 87.9 % 12.1 % 0.0 % 0.4 % 87.9 % (1) The 2024 Unrecaptured Section 1250 Gain is a subset of, and is included in, the 2024 Total Capital Gain Dividend amount. (2) 2024 Section 199A Dividends are a subset of, and are included in, the 2024 Ordinary Taxable Dividends. Approximately $0.26 of the $0.49 distribution that was declared on November 5, 2024 and paid on January 7, 2025 will be considered a distribution made in 2024 for U.S. federal income tax purposes. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle 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, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2023 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.

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