10-Q Filing

TERRENO REALTY CORP CIK: 1476150 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-073961`
Period End Date	20110630
Filing Date	20110808
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	trno-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 42 Cash Flow Statement 63 Stockholders Equity 17

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$71.86M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Land	`Land`	$102.59M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$56.22M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$86.94M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$8.28M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$11.04M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$136.36M	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$200.57M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$1.50M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$3.84M	USD	Point-in-time
Net investments in properties	`RealEstateInvestmentPropertyNet`	$196.73M	USD	Point-in-time
Net investments in properties	`RealEstateInvestmentPropertyNet`	$134.86M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$162.30M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.26M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.08M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.31M	shares	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$796.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.31M	shares	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$767.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.26M	shares	Point-in-time
Other assets, net	`OtherAssets`	$3.54M	USD	Point-in-time
Other assets, net	`OtherAssets`	$1.47M	USD	Point-in-time
Total assets	`Assets`	$205.12M	USD	Point-in-time
Total assets	`Assets`	$194.38M	USD	Point-in-time
Credit facility	`LineOfCredit`	$6.00M	USD	Point-in-time
Credit facility	`LineOfCredit`	-	USD	Point-in-time
Mortgage loans payable	`SecuredDebt`	$32.01M	USD	Point-in-time
Mortgage loans payable	`SecuredDebt`	$17.68M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$899.00K	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$1.11M	USD	Point-in-time
Intangible liabilities	`IntangibleLiabilities`	$883.00K	USD	Point-in-time
Intangible liabilities	`IntangibleLiabilities`	$605.00K	USD	Point-in-time
Deferred underwriting fee payable	`AccountsPayableUnderwritersPromotersAndEmployeesOtherThanSalariesAndWagesCurrentAndNoncurrent`	$7.00M	USD	Point-in-time
Deferred underwriting fee payable	`AccountsPayableUnderwritersPromotersAndEmployeesOtherThanSalariesAndWagesCurrentAndNoncurrent`	-	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$4.36M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$2.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$44.09M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock: $0.01 par value, 100,000,000 shares authorized, and no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $0.01 par value, 100,000,000 shares authorized, and no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized, and 9,309,232 and 9,262,778 shares issued and outstanding, respectively	`CommonStockValue`	$91.00K	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized, and 9,309,232 and 9,262,778 shares issued and outstanding, respectively	`CommonStockValue`	$91.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$170.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$169.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$161.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$165.50M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$205.12M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$194.38M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$3.77M	USD	1 Quarter
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$333.00K	USD	1 Quarter
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$7.14M	USD	2 Qtrs
Total revenues	`RealEstateRevenueNet`	$3.77M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$7.14M	USD	2 Qtrs
Total revenues	`RealEstateRevenueNet`	$333.00K	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.49M	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$110.00K	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.95M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$170.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.48M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.08M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.09M	USD	2 Qtrs
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$1.26M	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$219.00K	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$1.54M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$9.58M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$1.58M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$5.27M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$21.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$3.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$7.00K	USD	2 Qtrs
Interest expense, including amortization	`InterestExpense`	$105.00K	USD	1 Quarter
Interest expense, including amortization	`InterestExpense`	$464.00K	USD	1 Quarter
Interest expense, including amortization	`InterestExpense`	$832.00K	USD	2 Qtrs
Total other income and expenses	`NonoperatingIncomeExpense`	$-84.00K	USD	1 Quarter
Total other income and expenses	`NonoperatingIncomeExpense`	$-461.00K	USD	1 Quarter
Total other income and expenses	`NonoperatingIncomeExpense`	$-825.00K	USD	2 Qtrs
Net loss available to common stockholders	`NetIncomeLoss`	$-5.39M	USD	3 Qtrs
Net loss available to common stockholders	`NetIncomeLoss`	$-1.96M	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLoss`	$-3.27M	USD	2 Qtrs
Net loss available to common stockholders	`NetIncomeLoss`	$-1.33M	USD	1 Quarter
Basic and Diluted net loss available to common stockholders per share	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	1 Quarter
Basic and Diluted net loss available to common stockholders per share	`EarningsPerShareBasicAndDiluted`	$-0.36	USD	2 Qtrs
Basic and Diluted net loss available to common stockholders per share	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	1 Quarter
Basic and Diluted Weighted Average Common Shares Outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	9.16M	shares	1 Quarter
Basic and Diluted Weighted Average Common Shares Outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	9.11M	shares	1 Quarter
Basic and Diluted Weighted Average Common Shares Outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	9.15M	shares	2 Qtrs
Dividends Declared per Common Share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Dividends Declared per Common Share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	2 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.39M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.96M	USD	1 Quarter
Issuance costs on issuance of common stock	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.27M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.33M	USD	1 Quarter
Issuance costs on issuance of common stock	`PaymentsOfStockIssuanceCosts`	$4.85M	USD	1 Quarter
Straight-line rents	`StraightlineRents`	$807.00K	USD	2 Qtrs
Straight-line rents	`StraightlineRents`	$8.00K	USD	1 Quarter
Amortization of lease intangibles	`AmortizationOfLeaseIntangibles`	$57.00K	USD	1 Quarter
Amortization of lease intangibles	`AmortizationOfLeaseIntangibles`	$253.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$170.00K	USD	1 Quarter
Deferred financing cost and mortgage premium amortization, net	`AmortizationOfFinancingCostsAndDiscounts`	$100.00K	USD	2 Qtrs
Deferred financing cost and mortgage premium amortization, net	`AmortizationOfFinancingCostsAndDiscounts`	$39.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$330.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$818.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.08M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$249.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherLiabilities`	$474.00K	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherLiabilities`	$686.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.05M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.51M	USD	2 Qtrs
Cash paid for property acquisitions	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$46.97M	USD	2 Qtrs
Cash paid for property acquisitions	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$12.69M	USD	1 Quarter
Cash paid for deposits on property acquisitions	`OtherPaymentsToAcquireBusinesses`	$380.00K	USD	1 Quarter
Cash paid for deposits on property acquisitions	`OtherPaymentsToAcquireBusinesses`	$250.00K	USD	2 Qtrs
Additions to buildings and improvements	`PaymentsToAcquireBuildings`	$65.00K	USD	1 Quarter
Additions to buildings and improvements	`PaymentsToAcquireBuildings`	$2.15M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.13M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.37M	USD	2 Qtrs
Issuance of common stock, net of issuance costs of $0 and $4,846, respectively	`ProceedsFromIssuanceOfCommonStock`	$176.93M	USD	1 Quarter
Borrowings on credit facility	`BorrowingsOnCreditFacility`	$-6.00M	USD	2 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$357.00K	USD	2 Qtrs
Payment of financing fees	`PaymentsOfFinancingCosts`	$447.00K	USD	1 Quarter
Payment of financing fees	`PaymentsOfFinancingCosts`	$2.00K	USD	2 Qtrs
Payment of deferred underwriting fee	`PaymentOfDeferredUnderwritingFee`	$7.00M	USD	2 Qtrs
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$929.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$176.49M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.29M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$162.30M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-53.17M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.25M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$162.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.08M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$57.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$162.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.08M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$628.00K	USD	2 Qtrs
Deferred underwriting fee	`DeferredUnderwritingFeePayable`	$7.00M	USD	1 Quarter
Offering costs payable	`OfferingCostsPayable`	$50.00K	USD	2 Qtrs
Offering costs payable	`OfferingCostsPayable`	$134.00K	USD	1 Quarter
Contribution of fixed assets by Terreno Capital Partners LLC	`ContributionOfProperty`	$240.00K	USD	1 Quarter
Accounts payable related to capital improvements	`IncreaseInAccountsPayableRelatedToCapitalImprovements`	$416.00K	USD	2 Qtrs
Acquisition of properties	`BusinessAcquisitionPurchasePriceAllocationProperty`	$61.73M	USD	Point-in-time
Acquisition of properties	`BusinessAcquisitionPurchasePriceAllocationProperty`	$12.81M	USD	Point-in-time
Assumption of mortgage loans payable	`BusinessAcquisitionPurchasePriceAllocationNoncurrentLiabilitiesLongTermDebt`	$-14.77M	USD	Point-in-time
Assumption of other assets and liabilities	`BusinessAcquisitionPurchasePriceAllocationAssumptionOfOtherAssetsAndLiabilities`	$-124.00K	USD	1 Quarter
Assumption of other assets and liabilities	`BusinessAcquisitionPurchasePriceAllocationAssumptionOfOtherAssetsAndLiabilities`	$11.00K	USD	2 Qtrs
Net cash paid for property acquisitions	`BusinessAcquisitionCostOfAcquiredEntityCashPaid`	$12.69M	USD	Point-in-time
Net cash paid for property acquisitions	`BusinessAcquisitionCostOfAcquiredEntityCashPaid`	$46.97M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance (commencement of operations)	`StockholdersEquity`	$161.02M	USD	Point-in-time
Balance (commencement of operations)	`StockholdersEquity`	$1.00K	USD	Point-in-time
Balance (commencement of operations)	`StockholdersEquity`	$165.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$161.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$165.50M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-5.39M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.96M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.27M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.33M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$300.00K	USD	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$182.24M	USD	3 Qtrs
Equity issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-12.13M	USD	3 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$-1.00K	USD	3 Qtrs
Stock-based compensation amortization	`StockBasedCompensationAmortization`	$784.00K	USD	3 Qtrs
Stock-based compensation amortization	`StockBasedCompensationAmortization`	$352.00K	USD	2 Qtrs
Dividends	`DividendsCommonStock`	$-1.86M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.