Terreno Realty Corporation Declares Quarterly Dividend, Files First Quarter 2022 Financial Statements, and Announces Promotion of Melinda Weston to Chief Accounting Officer

Rhea-AI Summary

Terreno Realty Corporation (NYSE: TRNO) declared a cash dividend of $0.34 per common share for the quarter ending June 30, 2022, payable on July 14, 2022. This dividend reflects the company's commitment to returning value to shareholders. Additionally, the quarterly report for the period ending March 31, 2022 has been filed with the SEC. The company also promoted Melinda Weston to Chief Accounting Officer, effective May 3, 2022, strengthening its management team.

Positive

• Declared a cash dividend of $0.34 per share, reinforcing shareholder value.
• Promotion of Melinda Weston to Chief Accounting Officer, suggesting strong internal leadership.

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 June 30, 2022 of $0.34 per common share. The dividend will be payable on July 14, 2022 to common stockholders of record at the close of business on June 30, 2022.

Terreno Realty Corporation filed its quarterly report on Form 10-Q for the quarter ended March 31, 2022 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.

Additionally, the Company announced today the promotion of Melinda Weston to Chief Accounting Officer effective May 3, 2022. Ms. Weston will continue to report to Jaime J. Cannon, EVP and Chief Financial Officer.

Ms. Weston joined Terreno Realty Corporation in April 2013 and most recently served as Senior Vice President, Controller from January 2021 until her May promotion. Prior to joining Terreno Realty Corporation, she worked at AMB Property Corporation (now Prologis, NYSE: PLD) as Assistant Controller and received bachelor’s degrees in Business Economics, Emphasis in Accounting and Art History from the University of California, Santa Barbara.

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/20220502005952/en/

Jaime Cannon

415-655-4580

Source: Terreno Realty Corporation

FAQ

What is the dividend amount declared by Terreno Realty Corporation?

Terreno Realty Corporation declared a cash dividend of $0.34 per common share.

When is the dividend payable for Terreno Realty Corporation?

The dividend will be payable on July 14, 2022.

What is the record date for the dividend by Terreno Realty Corporation?

The record date for the dividend is June 30, 2022.

Who was promoted to Chief Accounting Officer at Terreno Realty Corporation?

Melinda Weston was promoted to Chief Accounting Officer effective May 3, 2022.