Terreno Realty Corporation Declares Quarterly Dividend and Files Annual 2021 Financial Statements

Rhea-AI Summary

Terreno Realty Corporation (NYSE: TRNO) declared a regular cash dividend of $0.34 per common share for the quarter ending March 31, 2022. The dividend is payable on April 8, 2022 to stockholders of record as of the close of business on March 25, 2022. The company also filed its annual report on Form 10-K for the year ending December 31, 2021, providing detailed financial statements and supplemental information available on its website.

Positive

• Regular cash dividend of $0.34 per share enhances shareholder value.
• Demonstrates Terreno's commitment to returning capital to investors.

Negative

• None.

BELLEVUE, Wash.--(BUSINESS WIRE)-- 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 March 31, 2022 of $0.34 per common share. The dividend will be payable on April 8, 2022 to common stockholders of record at the close of business on March 25, 2022.

Terreno Realty Corporation filed its annual report on Form 10-K for the year ended December 31, 2021 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” 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, 2021 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/20220208006262/en/

Jaime Cannon

415-655-4580

Source: Terreno Realty Corporation

FAQ

What is the dividend amount declared by Terreno Realty Corporation for March 2022?

Terreno Realty Corporation declared a dividend of $0.34 per common share for the quarter ending March 31, 2022.

When will the dividend be paid to shareholders?

The dividend will be payable on April 8, 2022, to stockholders of record on March 25, 2022.

What is the significance of the Form 10-K filed by Terreno Realty Corporation?

The Form 10-K contains detailed financial statements and insights into the company's performance for the year ending December 31, 2021.

How does the dividend payment impact TRNO shareholders?

The dividend payment is a positive indication for TRNO shareholders, showing the company's ongoing commitment to distribute profits.