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 2019 distributions to holders of its common stock.
For holders of Terreno Realty Corporation common stock, the 2019 dividend of $1.06 per share includes three quarterly distributions declared and paid in 2019, one quarterly distribution declared in 2018 and paid in 2019, and a portion of dividend declared in 2019 and paid in 2020. The dividend characteristics are as follows:
Security |
Record Date | Date Paid |
Dividend
|
2019 Ordinary
|
2019 Total
|
2019 Return
|
2019
|
2019 Section
|
||||||||||||||
| Common stock | December 18, 2018 | January 11, 2019 | $ |
0.240000 |
$ |
0.202335 |
$ |
0.037665 |
$ |
- |
$ |
0.011211 |
$ |
0.202335 |
||||||||
| Common stock | March 29, 2019 | April 12, 2019 | $ |
0.240000 |
$ |
0.202335 |
$ |
0.037665 |
$ |
- |
$ |
0.011211 |
$ |
0.202335 |
||||||||
| Common stock | July 5, 2019 | July 19, 2019 | $ |
0.240000 |
$ |
0.202335 |
$ |
0.037665 |
$ |
- |
$ |
0.011211 |
$ |
0.202335 |
||||||||
| Common stock | October 4, 2019 | October 18, 2019 | $ |
0.270000 |
$ |
0.227627 |
$ |
0.042373 |
$ |
- |
$ |
0.012612 |
$ |
0.227627 |
||||||||
| Common stock | December 31, 2019 | January 14, 2020 | $ |
0.068148 |
$ |
0.057453 |
$ |
0.010695 |
$ |
- |
$ |
0.003183 |
$ |
0.057453 |
||||||||
| Total | $ |
1.058148 |
$ |
0.892085 |
$ |
0.166063 |
$ |
- |
$ |
0.049428 |
$ |
0.892085 |
||||||||||
| Dividend as a % of total |
|
84.3% |
|
15.7% |
|
0.0% |
|
4.7% |
|
84.3% |
||||||||||||
(1) |
The 2019 Unrecaptured Section 1250 Gain is a subset of, and is included in, the 2019 Total Capital Gain Dividend amount. |
|
(2) |
2019 Section 199A Dividends are a subset of, and are included in, the 2019 Ordinary Taxable Dividends. |
Approximately $0.07 of the $0.27 dividend that was declared on October 29, 2019 and paid on January 14, 2020 will be considered a distribution made in 2019 for U.S. federal income tax purposes.
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”, 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, 2018 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.
