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Terreno Realty Corporation Announces Tax Treatment of 2024 Dividends

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Terreno Realty (NYSE:TRNO) has disclosed the tax treatment of its 2024 dividend distributions for common stockholders. The total distribution of $1.97 per share encompasses quarterly payments throughout 2024, including portions from late 2023 and early 2025. The dividend composition consists of:

- 87.9% ($1.731505) as Ordinary Taxable Dividends
- 12.1% ($0.239095) as Total Capital Gain Dividend
- 0.4% ($0.008316) as Unrecaptured Section 1250 Gain
- 87.9% ($1.731505) qualifies as Section 199A Dividends

The quarterly distributions increased progressively from $0.3246 to $0.49 per share during 2024, demonstrating a consistent dividend growth pattern.

Terreno Realty (NYSE:TRNO) ha comunicato il trattamento fiscale delle distribuzioni di dividendi per il 2024 destinate agli azionisti comuni. La distribuzione totale di $1.97 per azione comprende pagamenti trimestrali durante il 2024, inclusi i contributi della fine del 2023 e dell'inizio del 2025. La composizione del dividendo è la seguente:

- 87.9% ($1.731505) come Dividendi Tassabili Ordinari
- 12.1% ($0.239095) come Dividendo Totale da Capital Gain
- 0.4% ($0.008316) come Guadagni non catturati dalla Sezione 1250
- 87.9% ($1.731505) si qualifica come Dividendi della Sezione 199A

Le distribuzioni trimestrali sono aumentate progressivamente da $0.3246 a $0.49 per azione durante il 2024, dimostrando un costante modello di crescita dei dividendi.

Terreno Realty (NYSE:TRNO) ha divulgado el tratamiento fiscal de sus distribuciones de dividendos para el 2024 destinadas a los accionistas comunes. La distribución total de $1.97 por acción abarca los pagos trimestrales a lo largo del 2024, incluyendo partes de finales de 2023 y principios de 2025. La composición del dividendo consiste en:

- 87.9% ($1.731505) como Dividendos Ordinarios Imponibles
- 12.1% ($0.239095) como Dividendo Total de Ganancia de Capital
- 0.4% ($0.008316) como Ganancia no Capturada de la Sección 1250
- 87.9% ($1.731505) califica como Dividendos de la Sección 199A

Las distribuciones trimestrales aumentaron progresivamente de $0.3246 a $0.49 por acción durante el 2024, demostrando un patrón constante de crecimiento de dividendos.

Terreno Realty (NYSE:TRNO)는 2024년 보통주 주주를 위한 배당금 분배의 세무 처리를 공개했습니다. 주당 $1.97의 총 분배는 2024년 내내 분기별 지급금을 포함하며, 2023년 말과 2025년 초의 일부도 포함됩니다. 배당금 구성은 다음과 같습니다:

- 87.9% ($1.731505)는 일반 과세 배당금으로
- 12.1% ($0.239095)는 총 자본 이익 배당금으로
- 0.4% ($0.008316)는 섹션 1250의 비회수 이익으로
- 87.9% ($1.731505)는 섹션 199A 배당금으로 자격을 가집니다

분기별 배당금은 2024년 동안 $0.3246에서 $0.49로 점진적으로 증가하여 지속적인 배당금 성장 패턴을 보여주었습니다.

Terreno Realty (NYSE:TRNO) a divulgué le traitement fiscal de ses distributions de dividendes pour 2024 à l'intention des actionnaires ordinaires. La distribution totale de $1.97 par action englobe des paiements trimestriels tout au long de 2024, y compris des portions de fin 2023 et début 2025. La composition des dividendes est la suivante :

- 87.9% ($1.731505) en tant que Dividendes Ordinaires Imposables
- 12.1% ($0.239095) en tant que Dividende Total de Plus-value
- 0.4% ($0.008316) en tant que Gain Non Capturé de la Section 1250
- 87.9% ($1.731505) se qualifie en tant que Dividendes de la Section 199A

Les distributions trimestrielles ont augmenté progressivement de $0.3246 à $0.49 par action au cours de 2024, démontrant un modèle de croissance des dividendes cohérent.

Terreno Realty (NYSE:TRNO) hat die steuerliche Behandlung seiner Dividendenverteilung für 2024 an die Stammaktionäre bekannt gegeben. Die Gesamtauszahlung von $1.97 pro Aktie umfasst vierteljährliche Zahlungen im Jahr 2024, einschließlich Teilen aus Ende 2023 und Anfang 2025. Die Zusammensetzung der Dividende besteht aus:

- 87.9% ($1.731505) als Ordentliche steuerpflichtige Dividenden
- 12.1% ($0.239095) als Gesamtkapitalgewinndividend
- 0.4% ($0.008316) als nicht erfasste Gewinne gemäß Abschnitt 1250
- 87.9% ($1.731505) qualifiziert sich als Dividenden gemäß Abschnitt 199A

Die vierteljährlichen Ausschüttungen stiegen 2024 progressiv von $0.3246 auf $0.49 pro Aktie und zeigen ein konsistentes Wachstumsmuster der Dividenden.

Positive
  • Progressive increase in quarterly dividend payments from $0.3246 to $0.49 per share
  • 87.9% of dividends qualify for Section 199A tax treatment
  • Consistent dividend distribution across all quarters
Negative
  • None.

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 Dividend
per Share
2024 Ordinary
Taxable
Dividend
2024 Total
Capital Gain
Dividend
2024 Return
of Capital
Dividend
2024
Unrecaptured
Section 1250
Gain (1)
2024 Section
199A 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.

Jaime Cannon

415-655-4580

Source: Terreno Realty Corporation

FAQ

What is the total dividend distribution per share for Terreno Realty (TRNO) in 2024?

Terreno Realty's total dividend distribution for 2024 is $1.97 per share.

How much of TRNO's 2024 dividend qualifies as ordinary taxable dividend?

87.9% ($1.731505) of TRNO's 2024 dividend qualifies as ordinary taxable dividend.

What percentage of TRNO's 2024 dividend is classified as capital gain?

12.1% ($0.239095) of the 2024 dividend is classified as Total Capital Gain Dividend.

What was TRNO's highest quarterly dividend payment in 2024?

The highest quarterly dividend payment was $0.49 per share, paid on October 11, 2024.

What portion of TRNO's 2024 dividend qualifies for Section 199A treatment?

87.9% ($1.731505) of the total dividend qualifies as Section 199A Dividend.

Terreno Realty Corporation

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