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Terreno Realty Corporation Adds Independent Director, Declares Quarterly Dividend and Files Annual 2018 Financial Statements

February 6, 2019

SAN FRANCISCO--(BUSINESS WIRE)--Feb 6, 2019--Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, appointed David M. Lee as an independent director, expanding its Board of Directors to seven. Mr. Lee recently retired as portfolio manager of the T. Rowe Price Real Estate Fund which he managed since its inception in 1997. Mr. Lee earned a B.S. in Computer Engineering from the University of Illinois at Urbana-Champaign and an M.B.A. from Stanford University. He is a member of the Real Estate Advisory Board at Johns Hopkins University Carey School of Business.

The Board of Directors of Terreno Realty Corporation declared a regular cash dividend for the quarter ending March 31, 2019 of $0.24 per common share. The dividend will be payable on April 12, 2019 to common stockholders of record at the close of business on March 29, 2019.

Terreno Realty Corporation filed its annual report on Form 10-K for the year ended December 31, 2018 with the U.S. Securities and Exchange Commission. The financial statements and supplemental financial information are available in the Investors & Media section of Terreno Realty Corporation’s website, www.terreno.com.

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 and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2018 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/20190206005492/en/

CONTACT: W. Blake Baird

Michael A. Coke

415-655-4580

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: Terreno Realty Corporation

Copyright Business Wire 2019.

PUB: 02/06/2019 04:10 PM/DISC: 02/06/2019 04:10 PM

http://www.businesswire.com/news/home/20190206005492/en

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