Terreno Realty Corporation Announces Tax Treatment of 2020 Dividends
Terreno Realty Corporation (NYSE:TRNO) has announced the income tax treatment of its 2020 distributions to common stockholders. The total dividend for 2020 is $1.03 per share, which includes three quarterly distributions from 2020 and a part from a 2019 distribution. Key details include:
- Record Dates: Various dates in 2019 and 2020.
- Payment Dates: Ranging from January 14 to October 16, 2020.
- Taxable Dividends: Breakdown includes ordinary, capital gains, and return of capital dividends.
- Total 2020 dividend of $1.03 per share shows a strong return to shareholders.
- Substantial proportion of the dividend (80.7%) is ordinary taxable income, providing immediate tax benefits.
- Dependence on historical distributions for 2020 may raise concerns about future sustainability.
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 2020 distributions to holders of its common stock.
For holders of Terreno Realty Corporation common stock, the 2020 dividend of
| Security | Record Date | Date Paid | Dividend per Share |
2020 Ordinary Taxable Dividend |
2020 Total Capital Gain Dividend |
2020 Return of Capital Dividend |
2020 Unrecaptured Section 1250 Gain (1) |
2020 Section 199A Dividend (2) |
|||||||||||||||||||
| Common stock | December 31, 2019 | January 14, 2020 | $ |
0.201852 |
$ |
0.162976 |
|
$ |
0.035622 |
|
$ |
0.003254 |
|
$ |
0.011921 |
|
$ |
0.162976 |
|
||||||||
| Common stock | March 27, 2020 | April 10, 2020 | $ |
0.270000 |
$ |
0.217999 |
|
$ |
0.047648 |
|
$ |
0.004353 |
|
$ |
0.015946 |
|
$ |
0.217999 |
|
||||||||
| Common stock | June 30, 2020 | July 14, 2020 | $ |
0.270000 |
$ |
0.217999 |
|
$ |
0.047648 |
|
$ |
0.004353 |
|
$ |
0.015946 |
|
$ |
0.217999 |
|
||||||||
| Common stock | October 2, 2020 | October 16, 2020 | $ |
0.290000 |
$ |
0.234147 |
|
$ |
0.051177 |
|
$ |
0.004676 |
|
$ |
0.017127 |
|
$ |
0.234147 |
|
||||||||
| Total | $ |
1.031852 |
$ |
0.833121 |
|
$ |
0.182095 |
|
$ |
0.016636 |
|
$ |
0.060940 |
|
$ |
0.833121 |
|
||||||||||
| Dividend as a % of total |
|
80.7 |
% |
|
17.7 |
% |
|
1.6 |
% |
|
5.9 |
% |
|
80.7 |
% |
||||||||||||
(1) |
The 2020 Unrecaptured Section 1250 Gain is a subset of, and is included in, the 2020 Total Capital Gain Dividend amount. |
|
(2) |
2020 Section 199A Dividends are a subset of, and are included in, the 2020 Ordinary Taxable Dividends. |
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, 2019 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/20210129005130/en/
FAQ
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