Terreno Realty Corporation Declares Quarterly Dividends and Files First Quarter 2013 Financial Statements
Common stock dividend increased 8.3%
SAN FRANCISCO--(BUSINESS WIRE)-- The Board of Directors of Terreno Realty Corporation (NYS: 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, 2013 of $0.13 per common share; an increase of 8.3% over the prior dividend level. The dividend will be payable on July 19, 2013 to common stockholders of record at the close of business on July 5, 2013.
The Board of Directors declared a dividend of $0.484375 per preferred share on Terreno Realty Corporation's 7.75% Series A Cumulative Redeemable preferred stock. The preferred dividend will be payable July 1, 2013 to preferred stockholders of record at the close of business on June 11, 2013.
Terreno Realty Corporation also filed its quarterly report on Form 10-Q for the quarter ended March 31, 2013 with the U.S. Securities and Exchange Commission. The financial statements and other information are available in the Investor & Media section of Terreno Realty Corporation's website, www.terreno.com.
Terreno Realty Corporation is an acquirer, owner and operator of 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./Baltimore.
Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.
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", 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, 2012 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.
Terreno Realty Corporation
W. Blake Baird
Michael A. Coke
KEYWORDS: United States North America California
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