10-Q Filing

TERRENO REALTY CORP CIK: 1476150 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-148634`
Period End Date	20180331
Filing Date	20180502
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	trno-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 36 Cash Flow Statement 64 Stockholders Equity 12 Comprehensive Income 6

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Land	`Land`	$759.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	55.37M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	55.54M	shares	Point-in-time
Land	`Land`	$759.66M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	55.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	55.37M	shares	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$801.24M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$796.74M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$77.26M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$76.03M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$76.03M	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$1.64B	USD	Point-in-time
Total investments in properties	`RealEstateInvestmentPropertyAtCost`	$1.71B	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$146.33M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$139.81M	USD	Point-in-time
Net investments in real estate	`RealEstateInvestments`	$1.56B	USD	Point-in-time
Net investments in real estate	`RealEstateInvestments`	$1.50B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.07M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$6.02M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$7.09M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.03M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.27M	USD	Point-in-time
Other assets, net	`OtherAssets`	$27.95M	USD	Point-in-time
Other assets, net	`OtherAssets`	$29.15M	USD	Point-in-time
Total assets	`Assets`	$1.60B	USD	Point-in-time
Total assets	`Assets`	$1.57B	USD	Point-in-time
Credit facility	`LineOfCredit`	$40.35M	USD	Point-in-time
Credit facility	`LineOfCredit`	-	USD	Point-in-time
Term loans payable, net	`LoansPayable`	$148.90M	USD	Point-in-time
Term loans payable, net	`LoansPayable`	$148.97M	USD	Point-in-time
Senior unsecured notes, net	`SeniorNotes`	$248.04M	USD	Point-in-time
Senior unsecured notes, net	`SeniorNotes`	$247.96M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$64.39M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$64.83M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$11.06M	USD	Point-in-time
Security deposits	`SecurityDepositLiability`	$10.97M	USD	Point-in-time
Intangible liabilities, net	`BelowMarketLeaseNet`	$22.36M	USD	Point-in-time
Intangible liabilities, net	`BelowMarketLeaseNet`	$23.74M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$12.18M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$12.22M	USD	Point-in-time
Performance share awards payable	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$11.82M	USD	Point-in-time
Performance share awards payable	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$6.64M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$18.02M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableOtherCurrentAndNoncurrent`	$21.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$573.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$540.38M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized, and 55,543,670 and 55,368,737 shares issued and outstanding, respectively	`CommonStockValue`	$556.00K	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized, and 55,543,670 and 55,368,737 shares issued and outstanding, respectively	`CommonStockValue`	$553.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.02B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.03B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-962.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.57B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.60B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$28.73M	USD	1 Quarter
Rental revenues	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$24.47M	USD	1 Quarter
Tenant expense reimbursements	`TenantReimbursements`	$6.97M	USD	1 Quarter
Tenant expense reimbursements	`TenantReimbursements`	$8.37M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$37.11M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$31.44M	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$9.89M	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$8.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.73M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.18M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.08M	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$1.00K	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$2.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$21.91M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$25.71M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$60.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$35.00K	USD	1 Quarter
Interest expense, including amortization	`InterestExpense`	$4.68M	USD	1 Quarter
Interest expense, including amortization	`InterestExpense`	$3.77M	USD	1 Quarter
Gain on sales of real estate investments	`GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes`	$3.28M	USD	1 Quarter
Total other income and expenses	`NonoperatingIncomeExpense`	$-3.73M	USD	1 Quarter
Total other income and expenses	`NonoperatingIncomeExpense`	$-1.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.06M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$891.00K	USD	1 Quarter
Net income, net of preferred stock dividends	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.06M	USD	1 Quarter
Net income, net of preferred stock dividends	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.91M	USD	1 Quarter
Allocation to participating securities	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$65.00K	USD	1 Quarter
Allocation to participating securities	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$34.00K	USD	1 Quarter
Net income available to common stockholders, net of preferred stock dividends	`NetIncomeLossAfterUndistributedEarnings`	$4.87M	USD	1 Quarter
Net income available to common stockholders, net of preferred stock dividends	`NetIncomeLossAfterUndistributedEarnings`	$9.99M	USD	1 Quarter
Net income available to common stockholders, net of preferred stock dividends	`EarningsPerShareBasicAndDiluted`	$0.10	USD	1 Quarter
Net income available to common stockholders, net of preferred stock dividends	`EarningsPerShareBasicAndDiluted`	$0.18	USD	1 Quarter
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	55.13M	shares	1 Quarter
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.65M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.06M	USD	1 Quarter
Straight-line rents	`StraightLineRent`	$1.04M	USD	1 Quarter
Straight-line rents	`StraightLineRent`	$1.05M	USD	1 Quarter
Amortization of lease intangibles	`AmortizationOfLeaseIntangibles`	$-336.00K	USD	1 Quarter
Amortization of lease intangibles	`AmortizationOfLeaseIntangibles`	$-877.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.73M	USD	1 Quarter
Gain on sales of real estate investments	`GainLossOnSaleOfProperties`	$3.28M	USD	1 Quarter
Deferred financing cost and mortgage premium amortization	`AmortizationOfFinancingCostsAndDiscounts`	$347.00K	USD	1 Quarter
Deferred financing cost and mortgage premium amortization	`AmortizationOfFinancingCostsAndDiscounts`	$278.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.52M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.04M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$330.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$570.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.01M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.71M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.69M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.08M	USD	1 Quarter
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$15.11M	USD	1 Quarter
Cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$85.40M	USD	1 Quarter
Proceeds from sales of real estate investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$19.84M	USD	1 Quarter
Additions to construction in progress	`PaymentsForConstructionInProcess`	$548.00K	USD	1 Quarter
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$5.74M	USD	1 Quarter
Additions to buildings, improvements and leasing costs	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$6.43M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-71.85M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.54M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$54.71M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.08M	USD	1 Quarter
Issuance costs on issuance of common stock	`IssuanceCostsOnIssuanceOfCommonStock`	$794.00K	USD	1 Quarter
Issuance costs on issuance of common stock	`IssuanceCostsOnIssuanceOfCommonStock`	$30.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.44M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.87M	USD	1 Quarter
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$40.35M	USD	1 Quarter
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$19.00M	USD	1 Quarter
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$54.50M	USD	1 Quarter
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$470.00K	USD	1 Quarter
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$534.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$10.00K	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$12.18M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$9.48M	USD	1 Quarter
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$891.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.86M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.08M	USD	1 Quarter
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-31.29M	USD	1 Quarter
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.38M	USD	1 Quarter
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.09M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.48M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.51M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.80M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.09M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.48M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.51M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.80M	USD	Point-in-time
Cash paid for interest, net of capitalized interest	`InterestPaidNet`	$6.40M	USD	1 Quarter
Cash paid for interest, net of capitalized interest	`InterestPaidNet`	$3.91M	USD	1 Quarter
Accounts payable related to capital improvements	`CapitalExpendituresIncurredButNotYetPaid`	$6.24M	USD	1 Quarter
Accounts payable related to capital improvements	`CapitalExpendituresIncurredButNotYetPaid`	$7.51M	USD	1 Quarter
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$87.85M	USD	1 Quarter
Acquisition of properties	`ReconciliationAcquisitionOfProperties`	$15.13M	USD	1 Quarter
Assumption of other assets and liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$18.00K	USD	1 Quarter
Assumption of other assets and liabilities	`AssumptionsOfOtherAssetsAndLiabilities`	$2.45M	USD	1 Quarter
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$15.11M	USD	1 Quarter
Net cash paid for property acquisitions	`PaymentsToAcquireBuildings`	$85.40M	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Issuance costs	`PaymentsOfStockIssuanceCosts`	$132.00K	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$1.03B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.03B	USD	Point-in-time
Net income	`NetIncomeLoss`	$5.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.06M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$8.70M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$3.87M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$463.00K	USD	1 Quarter
Common stock dividends	`DividendsCommonStockCash`	$12.22M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$84.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.03B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.03B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.06M	USD	1 Quarter
Other comprehensive income (loss): cash flow hedge adjustment	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-122.00K	USD	1 Quarter
Other comprehensive income (loss): cash flow hedge adjustment	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$84.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.68M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.14M	USD	1 Quarter

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