10-Q Filing

TERRENO REALTY CORP CIK: 1476150 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-205771`
Period End Date	20130331
Filing Date	20130508
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	trno-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 37 Cash Flow Statement 68 Stockholders Equity 13

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	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
Land	`Land`	$218.19M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.84M	shares	Point-in-time
Land	`Land`	$223.48M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.84M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.84M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.84M	shares	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$204.14M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$212.66M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$23.59M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$23.02M	USD	Point-in-time
Preferred stock, preference liquidation	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Preferred stock, preference liquidation	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$445.35M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$459.72M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$15.65M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$18.51M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Net investments in properties	`RealEstateInvestmentPropertyNet`	$429.70M	USD	Point-in-time
Net investments in properties	`RealEstateInvestmentPropertyNet`	$441.21M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.43M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.22M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.25M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.43M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.22M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.71M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.45M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.06M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$2.41M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$1.89M	USD	Point-in-time
Other assets, net	`OtherAssets`	$5.74M	USD	Point-in-time
Other assets, net	`OtherAssets`	$6.29M	USD	Point-in-time
Total assets	`Assets`	$445.32M	USD	Point-in-time
Total assets	`Assets`	$468.08M	USD	Point-in-time
Credit facility	`LineOfCredit`	$65.43M	USD	Point-in-time
Mortgage loans payable	`SecuredDebt`	$110.80M	USD	Point-in-time
Mortgage loans payable	`SecuredDebt`	$111.61M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$2.29M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$2.36M	USD	Point-in-time
Intangible liabilities, net	`IntangibleLiabilities`	$4.01M	USD	Point-in-time
Intangible liabilities, net	`IntangibleLiabilities`	$4.07M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$2.31M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.61M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$5.02M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$4.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$190.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$124.35M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock: $0.01 par value, 100,000,000 shares authorized, and 1,840,000 and 1,840,000 (liquidation preference of $25.00 per share) issued and outstanding, respectively	`PreferredStockValue`	$46.00M	USD	Point-in-time
Preferred stock: $0.01 par value, 100,000,000 shares authorized, and 1,840,000 and 1,840,000 (liquidation preference of $25.00 per share) issued and outstanding, respectively	`PreferredStockValue`	$46.00M	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized 19,224,946 and 13,434,558 shares issued and outstanding, respectively	`CommonStockValue`	$192.00K	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized 19,224,946 and 13,434,558 shares issued and outstanding, respectively	`CommonStockValue`	$133.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$301.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$214.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$255.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$343.73M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$468.08M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$445.32M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$8.10M	USD	1 Quarter
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$4.98M	USD	1 Quarter
Tenant expense reimbursements	`TenantReimbursements`	$1.26M	USD	1 Quarter
Tenant expense reimbursements	`TenantReimbursements`	$2.39M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$10.49M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$6.24M	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.86M	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.74M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.77M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.42M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.99M	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$457.00K	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$714.00K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$8.18M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$5.76M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$1.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$6.00K	USD	1 Quarter
Interest expense, including amortization	`InterestExpense`	$1.52M	USD	1 Quarter
Interest expense, including amortization	`InterestExpense`	$1.01M	USD	1 Quarter
Total other income and expenses	`NonoperatingIncomeExpense`	$-1.51M	USD	1 Quarter
Total other income and expenses	`NonoperatingIncomeExpense`	$-1.01M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-536.00K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$794.00K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$269.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$794.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-267.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	$891.00K	USD	1 Quarter
Net and comprehensive income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-267.00K	USD	1 Quarter
Net and comprehensive income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-97.00K	USD	1 Quarter
Loss from continuing operations avialable to common stockholders	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Loss from continuing operations avialable to common stockholders	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.02	USD	1 Quarter
Net loss available to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss available to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.79M	shares	1 Quarter
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.69M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$794.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-267.00K	USD	1 Quarter
Straight line rents	`StraightLineRent`	$892.00K	USD	1 Quarter
Straight line rents	`StraightLineRent`	$441.00K	USD	1 Quarter
Amortization of lease intangibles	`AmortizationOfLeaseIntangibles`	$-117.00K	USD	1 Quarter
Amortization of lease intangibles	`AmortizationOfLeaseIntangibles`	$90.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.74M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.77M	USD	1 Quarter
Depreciation related to discontinued operations	`DepreciationAndAmortizationDiscontinuedOperations`	$52.00K	USD	1 Quarter
Deferred financing cost and mortgage premium amortization	`AmortizationOfFinancingCostsAndDiscounts`	$135.00K	USD	1 Quarter
Deferred financing cost and mortgage premium amortization	`AmortizationOfFinancingCostsAndDiscounts`	$58.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$101.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$442.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$270.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$121.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.30M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-135.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.91M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$736.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$47.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$46.00K	USD	1 Quarter
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$11.47M	USD	1 Quarter
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$6.08M	USD	1 Quarter
Cash paid for deposits on property acquisitions	`CashPaidForDepositsOnPropertyAcquisitions`	$350.00K	USD	1 Quarter
Cash paid for deposits on property acquisitions	`CashPaidForDepositsOnPropertyAcquisitions`	$200.00K	USD	1 Quarter
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$2.94M	USD	1 Quarter
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$1.63M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.27M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.50M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$91.22M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$55.01M	USD	1 Quarter
Issuance costs on issuance of common stock	`IssuanceCostsOnIssuanceOfCommonStock`	$335.00K	USD	1 Quarter
Issuance costs on issuance of common stock	`IssuanceCostsOnIssuanceOfCommonStock`	$294.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$160.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$79.00K	USD	1 Quarter
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$41.00M	USD	1 Quarter
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$65.43M	USD	1 Quarter
Payments on term loan payable	`RepaymentsOfLongTermDebt`	$10.00M	USD	1 Quarter
Borrowings on mortgage loans payable	`ProceedsFromIssuanceOfSecuredDebt`	$20.10M	USD	1 Quarter
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$301.00K	USD	1 Quarter
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$703.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$447.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$718.00K	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$1.61M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$931.00K	USD	1 Quarter
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$891.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.06M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.38M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.53M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.78M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.78M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.93M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.25M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.71M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.71M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$1.67M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$1.06M	USD	1 Quarter
Accounts payable related to capital improvements	`AccountsPayableRelatedToCapitalImprovements`	$1.32M	USD	1 Quarter
Accounts payable related to capital improvements	`AccountsPayableRelatedToCapitalImprovements`	$2.30M	USD	1 Quarter
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$11.91M	USD	1 Quarter
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$6.10M	USD	1 Quarter
Assumptions Of Other Assets And Liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$15.00K	USD	1 Quarter
Assumptions Of Other Assets And Liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$442.00K	USD	1 Quarter
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$11.47M	USD	1 Quarter
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$6.08M	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Issuance costs	`PaymentsOfStockIssuanceCosts`	$413.00K	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$255.27M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$343.73M	USD	Point-in-time
Net income	`ProfitLoss`	$794.00K	USD	1 Quarter
Net income	`ProfitLoss`	$-267.00K	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$90.80M	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$90.81M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$160.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$208.00K	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$2.31M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$891.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$255.27M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$343.73M	USD	Point-in-time

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