10-Q Filing

TERRENO REALTY CORP CIK: 1476150 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-173164`
Period End Date	20150331
Filing Date	20150506
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	trno-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 35 Cash Flow Statement 63 Stockholders Equity 15 Comprehensive Income 5

Balance Sheet 76 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`	$388.01M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.84M	shares	Point-in-time
Land	`Land`	$464.87M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.84M	shares	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$533.58M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.84M	shares	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$470.35M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.84M	shares	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$53.08M	USD	Point-in-time
Preferred stock, preference liquidation	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$42.92M	USD	Point-in-time
Preferred stock, preference liquidation	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$1.05B	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$901.27M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$45.45M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$51.46M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.87M	shares	Point-in-time
Net investments in properties	`RealEstateInvestmentPropertyNet`	$1.00B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.88M	shares	Point-in-time
Net investments in properties	`RealEstateInvestmentPropertyNet`	$855.83M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.87M	shares	Point-in-time
Properties held for sale, net	`RealEstateHeldforsale`	$12.97M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.88M	shares	Point-in-time
Properties held for sale, net	`RealEstateHeldforsale`	$6.32M	USD	Point-in-time
Net investments in real estate	`RealEstateInvestments`	$862.14M	USD	Point-in-time
Net investments in real estate	`RealEstateInvestments`	$1.01B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$190.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$6.96M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.67M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$2.99M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$2.79M	USD	Point-in-time
Other assets, net	`OtherAssets`	$15.91M	USD	Point-in-time
Other assets, net	`OtherAssets`	$14.07M	USD	Point-in-time
Total assets	`Assets`	$1.07B	USD	Point-in-time
Total assets	`Assets`	$1.08B	USD	Point-in-time
Term loan payable	`LoansPayable`	$200.00M	USD	Point-in-time
Term loan payable	`LoansPayable`	$200.00M	USD	Point-in-time
Mortgage loans payable	`SecuredDebt`	$104.50M	USD	Point-in-time
Mortgage loans payable	`SecuredDebt`	$103.62M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$5.32M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$6.05M	USD	Point-in-time
Intangible liabilities, net	`BelowMarketLeaseNet`	$3.56M	USD	Point-in-time
Intangible liabilities, net	`BelowMarketLeaseNet`	$5.24M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$6.86M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$6.86M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$9.50M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$11.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$329.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$333.59M	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 42,875,085 and 42,869,463 shares issued and outstanding, respectively	`CommonStockValue`	$428.00K	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized, and 42,875,085 and 42,869,463 shares issued and outstanding, respectively	`CommonStockValue`	$428.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$692.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$700.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-845.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-147.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-294.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$738.03M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$747.04M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.08B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.07B	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$17.81M	USD	1 Quarter
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$12.07M	USD	1 Quarter
Tenant expense reimbursements	`TenantReimbursements`	$3.73M	USD	1 Quarter
Tenant expense reimbursements	`TenantReimbursements`	$5.32M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$23.13M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$15.80M	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$4.82M	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$7.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.37M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.83M	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$882.00K	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$3.22M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$21.81M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$12.43M	USD	1 Quarter
Interest and other income (expense)	`InterestAndOtherIncome`	$-5.00K	USD	1 Quarter
Interest and other income (expense)	`InterestAndOtherIncome`	$7.00K	USD	1 Quarter
Interest expense, including amortization	`InterestExpense`	$2.17M	USD	1 Quarter
Interest expense, including amortization	`InterestExpense`	$1.59M	USD	1 Quarter
Total other income and expenses	`NonoperatingIncomeExpense`	$-1.59M	USD	1 Quarter
Total other income and expenses	`NonoperatingIncomeExpense`	$-2.17M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-845.00K	USD	1 Quarter
Net (loss) 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 (loss) income, net of preferred stock dividends	`NetIncomeLoss`	$-1.74M	USD	1 Quarter
Net (loss) income, net of preferred stock dividends	`NetIncomeLoss`	$894.00K	USD	1 Quarter
Allocation to participating securities	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$6.00K	USD	1 Quarter
Net (loss) income available to common stockholders, net of preferred stock dividends	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.74M	USD	1 Quarter
Net (loss) income available to common stockholders, net of preferred stock dividends	`NetIncomeLossAvailableToCommonStockholdersBasic`	$888.00K	USD	1 Quarter
Net (loss) income available to common stockholders, net of preferred stock dividends	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net (loss) income available to common stockholders, net of preferred stock dividends	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.73M	shares	1 Quarter
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.85M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-845.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$1.78M	USD	1 Quarter
Straight-line rents	`StraightLineRent`	$453.00K	USD	1 Quarter
Straight-line rents	`StraightLineRent`	$1.31M	USD	1 Quarter
Amortization of lease intangibles	`AmortizationOfLeaseIntangibles`	$-228.00K	USD	1 Quarter
Amortization of lease intangibles	`AmortizationOfLeaseIntangibles`	$-581.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.37M	USD	1 Quarter
Deferred financing cost and mortgage premium amortization	`AmortizationOfFinancingCostsAndDiscounts`	$65.00K	USD	1 Quarter
Deferred financing cost and mortgage premium amortization	`AmortizationOfFinancingCostsAndDiscounts`	$76.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.64M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$525.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$658.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.08M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-234.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$837.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.72M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.82M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-2.82M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$187.00K	USD	1 Quarter
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$30.68M	USD	1 Quarter
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$151.01M	USD	1 Quarter
Cash paid for deposits on property acquisitions	`PaymentsForDepositsOnRealEstateAcquisitions`	$100.00K	USD	1 Quarter
Cash paid for deposits on property acquisitions	`PaymentsForDepositsOnRealEstateAcquisitions`	$525.00K	USD	1 Quarter
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$2.09M	USD	1 Quarter
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$3.37M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.06M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.09M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$284.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$497.00K	USD	1 Quarter
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$36.50M	USD	1 Quarter
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$768.00K	USD	1 Quarter
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$6.62M	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$10.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$1.00K	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$3.25M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$6.86M	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 (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.46M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.03M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-155.40M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.79M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$190.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.21M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$190.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.21M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash paid for interest, net of capitalized interest	`InterestPaid`	$2.15M	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`	$3.56M	USD	1 Quarter
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$33.88M	USD	1 Quarter
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$154.13M	USD	1 Quarter
Assumption of mortgage loans payable	`AssumptionOfMortgageLoansPayable`	$2.76M	USD	1 Quarter
Mortgage premiums	`BusinessAcquisitionPurchasePriceAllocationAssumptionOfMortgagePremiums`	$-43.00K	USD	1 Quarter
Assumption of other assets and liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$390.00K	USD	1 Quarter
Assumption of other assets and liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$3.12M	USD	1 Quarter
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$30.68M	USD	1 Quarter
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$151.01M	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, Shares	`CommonStockSharesIssued`	42.87M	shares	Point-in-time
Beginning balance, Shares	`CommonStockSharesIssued`	42.88M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$738.03M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$747.04M	USD	Point-in-time
Net loss	`ProfitLoss`	$-845.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$1.78M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$497.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$236.00K	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$6.86M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$891.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-147.00K	USD	1 Quarter
Ending balance, Shares	`CommonStockSharesIssued`	42.87M	shares	Point-in-time
Ending balance, Shares	`CommonStockSharesIssued`	42.88M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$738.03M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$747.04M	USD	Point-in-time

Comprehensive Income 5 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-845.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$1.78M	USD	1 Quarter
Other comprehensive loss: cash flow hedge adjustment	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-147.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$1.78M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-992.00K	USD	1 Quarter

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