Terreno Realty Corporation (NYSE:TRNO) , an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the income tax treatment of its 2025 dividend distributions to holders of its common stock.

For holders of Terreno Realty Corporation common stock, the 2025 distribution of $1.91 per share includes a portion of one quarterly distribution declared in 2024 and paid in 2025, three quarterly distributions declared and paid in 2025, and a portion of one quarterly distribution declared in 2025 and paid in 2026. The distribution characteristics are as follows:

Security	Record Date	Date Paid	Dividend per Share		2025 Ordinary Taxable Dividend			2025 Total Capital Gain Dividend			2025 Return of Capital Dividend			2025 Unrecaptured Section 1250 Gain ⁽¹⁾			2025 Section 199A Dividend ⁽²⁾
Common stock	December 13, 2024	January 7, 2025	$	0.234000	$	0.225672		$	0.008328		$	-		$	0.000008		$	0.225672
Common stock	March 27, 2025	April 4, 2025	$	0.490000	$	0.472560		$	0.017440		$	-		$	0.000016		$	0.472560
Common stock	June 27, 2025	July 11, 2025	$	0.490000	$	0.472560		$	0.017440		$	-		$	0.000016		$	0.472560
Common stock	September 29, 2025	October 10, 2025	$	0.520000	$	0.501493		$	0.018507		$	-		$	0.000017		$	0.501493
Common stock	December 15, 2025	January 9, 2026	$	0.172000	$	0.165878		$	0.006122		$	-		$	0.000006		$	0.165878
	Total		$	1.906000	$	1.838163		$	0.067837		$	-		$	0.000063		$	1.838163
	Dividend as a % of total					96.4	%		3.6	%		0.0	%		0.0	%		96.4	%

(1)		The 2025 Unrecaptured Section 1250 Gain is a subset of, and is included in, the 2025 Total Capital Gain Dividend amount.
(2)		2025 Section 199A Dividends are a subset of, and are included in, the 2025 Ordinary Taxable Dividends.

Approximately $0.17 of the $0.52 distribution that was declared on November 4, 2025 and paid on January 9, 2026 will be considered a distribution made in 2025 for U.S. federal income tax purposes.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management's beliefs and on assumptions made by, and information currently available to, management. When used, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "might," "plan," "project," "result," "should," "will," "seek," "target," "see," "likely," "position," "opportunity," "outlook," "potential," "enthusiastic," "future" and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2024 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

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Jaime Cannon

415-655-4580