10-Q Filing

TERRENO REALTY CORP CIK: 1476150 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-575457`
Period End Date	20160331
Filing Date	20160504
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	trno-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 36 Cash Flow Statement 61 Stockholders Equity 13 Comprehensive Income 6

Balance Sheet 81 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.84M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.84M	shares	Point-in-time
Land	`Land`	$505.97M	USD	Point-in-time
Land	`Land`	$491.22M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$608.41M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.84M	shares	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$616.88M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.84M	shares	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$27.79M	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
Construction in progress	`ConstructionInProgressGross`	$24.92M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$55.37M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$55.69M	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
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$1.21B	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$1.18B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.46M	shares	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$77.64M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$84.76M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.31M	shares	Point-in-time
Net investments in properties	`RealEstateInvestmentPropertyNet`	$1.10B	USD	Point-in-time
Net investments in properties	`RealEstateInvestmentPropertyNet`	$1.12B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.46M	shares	Point-in-time
Properties held for sale, net	`RealEstateHeldforsale`	$4.98M	USD	Point-in-time
Net investments in real estate	`RealEstateInvestments`	$1.11B	USD	Point-in-time
Net investments in real estate	`RealEstateInvestments`	$1.12B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$190.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.58M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.66M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.32M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$750.00K	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$846.00K	USD	Point-in-time
Other assets, net	`OtherAssets`	$18.93M	USD	Point-in-time
Other assets, net	`OtherAssets`	$22.66M	USD	Point-in-time
Total assets	`Assets`	$1.15B	USD	Point-in-time
Total assets	`Assets`	$1.15B	USD	Point-in-time
Credit facility	`LineOfCredit`	-	USD	Point-in-time
Credit facility	`LineOfCredit`	$5.00M	USD	Point-in-time
Term loans payable, net	`LoansPayable`	$199.01M	USD	Point-in-time
Term loans payable, net	`LoansPayable`	$198.94M	USD	Point-in-time
Senior unsecured notes, net	`SeniorNotes`	$99.02M	USD	Point-in-time
Senior unsecured notes, net	`SeniorNotes`	$99.07M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$83.51M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$78.14M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$7.70M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$7.51M	USD	Point-in-time
Intangible liabilities, net	`BelowMarketLeaseNet`	$4.03M	USD	Point-in-time
Intangible liabilities, net	`BelowMarketLeaseNet`	$3.85M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$7.80M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$7.81M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$18.42M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$15.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$419.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$416.27M	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 43,460,616 and 43,310,272 shares issued and outstanding, respectively	`CommonStockValue`	$430.00K	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized, and 43,460,616 and 43,310,272 shares issued and outstanding, respectively	`CommonStockValue`	$435.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$689.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$687.45M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-997.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-796.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$733.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$734.61M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.15B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.15B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$17.81M	USD	1 Quarter
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$20.00M	USD	1 Quarter
Tenant expense reimbursements	`TenantReimbursements`	$5.66M	USD	1 Quarter
Tenant expense reimbursements	`TenantReimbursements`	$5.32M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$25.66M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$23.13M	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$7.75M	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`	$8.26M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.44M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.83M	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$959.00K	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$3.22M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$20.41M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$21.81M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$7.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$13.00K	USD	1 Quarter
Interest expense, including amortization	`InterestExpense`	$3.07M	USD	1 Quarter
Interest expense, including amortization	`InterestExpense`	$2.17M	USD	1 Quarter
Gain on sales of real estate investments	`GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes`	$5.25M	USD	1 Quarter
Total other income and expenses	`NonoperatingIncomeExpense`	$-2.17M	USD	1 Quarter
Total other income and expenses	`NonoperatingIncomeExpense`	$2.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-845.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	$891.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	$891.00K	USD	1 Quarter
Net income (loss), net of preferred stock dividends	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.54M	USD	1 Quarter
Net income (loss), net of preferred stock dividends	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.74M	USD	1 Quarter
Allocation to participating securities	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$58.00K	USD	1 Quarter
Net income (loss) available to common stockholders, net of preferred stock dividends	`NetIncomeLossAfterUndistributedEarnings`	$6.48M	USD	1 Quarter
Net income (loss) available to common stockholders, net of preferred stock dividends	`NetIncomeLossAfterUndistributedEarnings`	$-1.74M	USD	1 Quarter
Net income (loss) available to common stockholders, net of preferred stock dividends	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net income (loss) available to common stockholders, net of preferred stock dividends	`EarningsPerShareBasicAndDiluted`	$0.15	USD	1 Quarter
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	43.00M	shares	1 Quarter
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.73M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$7.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-845.00K	USD	1 Quarter
Straight line rents	`StraightLineRent`	$1.31M	USD	1 Quarter
Straight line rents	`StraightLineRent`	$1.45M	USD	1 Quarter
Amortization of lease intangibles	`AmortizationOfLeaseIntangibles`	$-344.00K	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`	$8.26M	USD	1 Quarter
Gain on sales of real estate investments	`GainLossOnSaleOfProperties`	$5.25M	USD	1 Quarter
Deferred financing cost and mortgage premium amortization	`AmortizationOfFinancingCostsAndDiscounts`	$182.00K	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`	$1.01M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$658.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.71M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-234.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$428.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$8.57M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$5.72M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-335.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-2.29M	USD	1 Quarter
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$26.93M	USD	1 Quarter
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$151.01M	USD	1 Quarter
Proceeds from sales of real estate investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$15.91M	USD	1 Quarter
Additions to construction in progress	`PaymentsForConstructionInProcess`	$1.30M	USD	1 Quarter
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$3.37M	USD	1 Quarter
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$4.87M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-16.85M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-152.09M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$497.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.55M	USD	1 Quarter
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$5.00M	USD	1 Quarter
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$5.34M	USD	1 Quarter
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$768.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$10.00K	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$6.86M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$7.80M	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 financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-10.58M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-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`	$-18.87M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.45M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$190.60M	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`	$3.58M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.45M	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`	$35.21M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.58M	USD	Point-in-time
Cash paid for interest, net of capitalized interest	`InterestPaid`	$3.92M	USD	1 Quarter
Cash paid for interest, net of capitalized interest	`InterestPaid`	$2.15M	USD	1 Quarter
Accounts payable related to capital improvements	`CapitalExpendituresIncurredButNotYetPaid`	$3.56M	USD	1 Quarter
Accounts payable related to capital improvements	`CapitalExpendituresIncurredButNotYetPaid`	$4.52M	USD	1 Quarter
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$27.87M	USD	1 Quarter
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$154.13M	USD	1 Quarter
Assumptions of other assets and liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$936.00K	USD	1 Quarter
Assumptions of other assets and liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$3.12M	USD	1 Quarter
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$26.93M	USD	1 Quarter
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$151.01M	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Issuance costs	`PaymentsOfStockIssuanceCosts`	$39.00K	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$733.08M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$734.61M	USD	Point-in-time
Net income	`NetIncomeLoss`	$7.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-845.00K	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$4.05M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$1.55M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$492.00K	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$7.81M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$891.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-201.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$733.08M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$734.61M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$7.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-845.00K	USD	1 Quarter
Other comprehensive loss: cash flow hedge adjustment	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-147.00K	USD	1 Quarter
Other comprehensive loss: cash flow hedge adjustment	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-201.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-992.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$7.23M	USD	1 Quarter

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