10-Q Filing

TERRENO REALTY CORP CIK: 1476150 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-193057`
Period End Date	20140331
Filing Date	20140512
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	trno-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 41 Cash Flow Statement 67 Stockholders Equity 10

Balance Sheet 72 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`	$313.26M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.84M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.84M	shares	Point-in-time
Land	`Land`	$301.80M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.84M	shares	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$317.94M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.84M	shares	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$341.58M	USD	Point-in-time
Preferred stock, preference liquidation	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$32.09M	USD	Point-in-time
Preferred stock, preference liquidation	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$34.19M	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$651.84M	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$689.03M	USD	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`	$27.10M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$31.63M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.03M	shares	Point-in-time
Net investments in properties	`RealEstateInvestmentPropertyNet`	$624.74M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.99M	shares	Point-in-time
Net investments in properties	`RealEstateInvestmentPropertyNet`	$657.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.99M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.03M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.56M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.86M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$1.90M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$1.74M	USD	Point-in-time
Other assets, net	`OtherAssets`	$10.67M	USD	Point-in-time
Other assets, net	`OtherAssets`	$9.14M	USD	Point-in-time
Total assets	`Assets`	$677.87M	USD	Point-in-time
Total assets	`Assets`	$645.32M	USD	Point-in-time
Credit facility	`LineOfCredit`	$67.50M	USD	Point-in-time
Credit facility	`LineOfCredit`	$31.00M	USD	Point-in-time
Term loan payable	`LoansPayable`	$50.00M	USD	Point-in-time
Term loan payable	`LoansPayable`	$50.00M	USD	Point-in-time
Mortgage loans payable	`SecuredDebt`	$108.31M	USD	Point-in-time
Mortgage loans payable	`SecuredDebt`	$104.38M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$3.73M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$4.21M	USD	Point-in-time
Intangible liabilities, net	`IntangibleLiabilities`	$3.85M	USD	Point-in-time
Intangible liabilities, net	`IntangibleLiabilities`	$3.99M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$3.25M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$3.25M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$8.24M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$6.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$206.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$241.44M	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 shares (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 shares (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, and 25,028,649 and 24,990,120 shares issued and outstanding, respectively	`CommonStockValue`	$249.00K	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized, and 25,028,649 and 24,990,120 shares issued and outstanding, respectively	`CommonStockValue`	$249.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$390.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$392.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$436.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$438.83M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$677.87M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$645.32M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$7.74M	USD	1 Quarter
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$12.07M	USD	1 Quarter
Tenant expense reimbursements	`TenantReimbursements`	$3.73M	USD	1 Quarter
Tenant expense reimbursements	`TenantReimbursements`	$2.29M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$15.80M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$10.03M	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$4.82M	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.64M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.99M	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$882.00K	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$457.00K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$12.43M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$7.93M	USD	1 Quarter
Interest and other (expense) income	`InterestAndOtherIncome`	$6.00K	USD	1 Quarter
Interest and other (expense) income	`InterestAndOtherIncome`	$-5.00K	USD	1 Quarter
Interest expense, including amortization	`InterestExpense`	$1.59M	USD	1 Quarter
Interest expense, including amortization	`InterestExpense`	$1.52M	USD	1 Quarter
Total other income and expenses	`NonoperatingIncomeExpense`	$-1.59M	USD	1 Quarter
Total other income and expenses	`NonoperatingIncomeExpense`	$-1.51M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$584.00K	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$1.78M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$210.00K	USD	1 Quarter
Net income	`ProfitLoss`	$794.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.78M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	$891.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	$891.00K	USD	1 Quarter
Net and comprehensive income (loss), net of preferred stock dividends	`NetIncomeLoss`	$-97.00K	USD	1 Quarter
Net and comprehensive income (loss), net of preferred stock dividends	`NetIncomeLoss`	$894.00K	USD	1 Quarter
Allocation to participating securities	`UndistributedEarningsAllocatedToParticipatingSecurities`	$6.00K	USD	1 Quarter
Net and comprehensive income (loss) available to common stockholders, net of preferred stock dividends	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-97.00K	USD	1 Quarter
Net and comprehensive income (loss) available to common stockholders, net of preferred stock dividends	`NetIncomeLossAvailableToCommonStockholdersBasic`	$888.00K	USD	1 Quarter
Income (loss) from continuing operations available to common stockholders, net of preferred stock dividends	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.04	USD	1 Quarter
Income (loss) from continuing operations available to common stockholders, net of preferred stock dividends	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.01	USD	1 Quarter
Net income (loss) available to common stockholders, net of preferred stock dividends	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net income (loss) available to common stockholders, net of preferred stock dividends	`EarningsPerShareBasicAndDiluted`	$0.04	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`	24.85M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$794.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.78M	USD	1 Quarter
Straight line rents	`StraightLineRent`	$453.00K	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`	$-228.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.64M	USD	1 Quarter
Depreciation related to discontinued operations	`DepreciationAndAmortizationDiscontinuedOperations`	$101.00K	USD	1 Quarter
Deferred financing cost and mortgage premium amortization	`AmortizationOfFinancingCostsAndDiscounts`	$58.00K	USD	1 Quarter
Deferred financing cost and mortgage premium amortization	`AmortizationOfFinancingCostsAndDiscounts`	$65.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$525.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$442.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$270.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.08M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$837.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.82M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.91M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$187.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$47.00K	USD	1 Quarter
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$30.68M	USD	1 Quarter
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$11.47M	USD	1 Quarter
Cash paid for deposits on property acquisitions	`PaymentsForDepositsOnRealEstateAcquisitions`	$100.00K	USD	1 Quarter
Cash paid for deposits on property acquisitions	`PaymentsForDepositsOnRealEstateAcquisitions`	$350.00K	USD	1 Quarter
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$2.09M	USD	1 Quarter
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$1.63M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.06M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$91.22M	USD	1 Quarter
Issuance costs on issuance of common stock	`IssuanceCostsOnIssuanceOfCommonStock`	$335.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$284.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$160.00K	USD	1 Quarter
Borrowings on credit facility	`LineOfCreditFacilityIncreaseAdditionalBorrowings`	$-36.50M	USD	1 Quarter
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$65.43M	USD	1 Quarter
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$703.00K	USD	1 Quarter
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$6.62M	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$718.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$1.00K	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$1.61M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$3.25M	USD	1 Quarter
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$891.00K	USD	1 Quarter
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$891.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.46M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.38M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.79M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.78M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$15.71M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.93M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$15.71M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.93M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash paid for interest, net of capitalized interest	`InterestPaid`	$1.67M	USD	1 Quarter
Cash paid for interest, net of capitalized interest	`InterestPaid`	$1.87M	USD	1 Quarter
Accounts payable related to capital improvements	`AccountsPayableRelatedToCapitalImprovements`	$3.06M	USD	1 Quarter
Accounts payable related to capital improvements	`AccountsPayableRelatedToCapitalImprovements`	$1.32M	USD	1 Quarter
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$11.91M	USD	1 Quarter
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$33.88M	USD	1 Quarter
Assumption of mortgage loans payable	`AssumptionOfMortgageLoansPayable`	$2.76M	USD	1 Quarter
Mortgage premiums	`BusinessAcquisitionPurchasePriceAllocationAssumptionOfMortgagePremiums`	$-43.00K	USD	1 Quarter
Assumptions of other assets and liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$390.00K	USD	1 Quarter
Assumptions of other assets and liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$442.00K	USD	1 Quarter
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$30.68M	USD	1 Quarter
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$11.47M	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$436.43M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$438.83M	USD	Point-in-time
Net income	`ProfitLoss`	$794.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.78M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$284.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$242.00K	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$3.25M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$891.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$436.43M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$438.83M	USD	Point-in-time

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