Terreno Realty Corporation Increases Quarterly Dividend by 17.6% and Files Second Quarter 2022 Financial Statements

Rhea-AI Summary

Terreno Realty Corporation (NYSE: TRNO) announced a quarterly cash dividend of $0.40 per common share for the quarter ending September 30, 2022, reflecting a 17.6% increase over the previous dividend. This dividend will be payable on October 14, 2022 to shareholders on record as of September 30, 2022. Additionally, the company filed its quarterly report on Form 10-Q for the quarter ended June 30, 2022, available on their website for investors.

Positive

• Quarterly cash dividend increased by 17.6% to $0.40 per share.
• Dividend payment scheduled for October 14, 2022.

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 September 30, 2022 of $0.40 per common share; an increase of 17.6% over the prior dividend level. The dividend will be payable on October 14, 2022 to common stockholders of record at the close of business on September 30, 2022.

Terreno Realty Corporation filed its quarterly report on Form 10-Q for the quarter ended June 30, 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.

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/20220802006176/en/

Jaime Cannon

415-655-4580

Source: Terreno Realty Corporation

FAQ

What is the dividend amount for Terreno Realty Corporation (TRNO) for Q3 2022?

Terreno Realty Corporation (TRNO) declared a dividend of $0.40 per share for Q3 2022.

When will the dividend for Terreno Realty Corporation (TRNO) be paid?

The dividend will be paid on October 14, 2022.

What percentage increase did Terreno Realty Corporation (TRNO) announce for its dividend?

The dividend increased by 17.6% over the prior level.

What is the record date for the dividend payment from Terreno Realty Corporation (TRNO)?

The record date for the dividend payment is September 30, 2022.