Terreno Realty Corporation Announces Tax Treatment of 2022 Dividends
January 31 2023 - 6:11PM
Business Wire
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 2022
dividend distributions to holders of its common stock.
For holders of Terreno Realty Corporation common stock, the 2022
distribution of $1.52 per share includes a portion of one quarterly
distribution declared in 2021 and paid in 2022, three quarterly
distributions declared and paid in 2022, and a portion of one
quarterly distribution declared in 2022 and paid in 2023. The
distribution characteristics are as follows:
Security
Record Date
Date Paid
Dividend per Share
2022 Ordinary Taxable
Dividend
2022 Total Capital Gain
Dividend
2022 Return of Capital
Dividend
2022 Unrecaptured Section 1250
Gain (1)
2022 Section 199A Dividend
(2)
Common stock December 15, 2021 January 5, 2022
$ 0.317194
$ 0.263097
$ 0.054097
$ -
$ 0.004677
$ 0.263097
Common stock March 25, 2022 April 8, 2022
$ 0.340000
$ 0.282013
$ 0.057987
$ -
$ 0.005013
$ 0.282013
Common stock June 30, 2022 July 14, 2022
$ 0.340000
$ 0.282013
$ 0.057987
$ -
$ 0.005013
$ 0.282013
Common stock September 30, 2022 October 14, 2022
$ 0.400000
$ 0.331780
$ 0.068220
$ -
$ 0.005898
$ 0.331780
Common stock December 30, 2022 January 13, 2023
$ 0.124200
$ 0.103018
$ 0.021182
$ -
$ 0.001831
$ 0.103018
Total
$ 1.521394
$ 1.261921
$ 0.259473
$ -
$ 0.022432
$ 1.261921
Dividend as a % of total
82.9%
17.1%
0.0%
1.5%
82.9%
(1)
The 2022 Unrecaptured Section 1250 Gain is
a subset of, and is included in, the 2022 Total Capital Gain
Dividend amount.
(2)
2022 Section 199A Dividends are a subset
of, and are included in, the 2022 Ordinary Taxable Dividends.
Approximately $0.12 of the $0.40 distribution that was declared
on November 1, 2022 and paid on January 13, 2023 will be considered
a distribution made in 2022 for U.S. federal income tax
purposes.
Terreno Realty Corporation acquires, owns and operates
industrial real estate in six major coastal U.S. markets: Los
Angeles, Northern New Jersey/New York City, San Francisco Bay Area,
Seattle, Miami, 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, the impact of the COVID-19 pandemic on our business, our
tenants and the national and local economies, and those risk
factors contained in our Annual Report on Form 10-K for the year
ended December 31, 2021 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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version on businesswire.com: https://www.businesswire.com/news/home/20230131006141/en/
Jaime Cannon 415-655-4580
Terreno Realty (NYSE:TRNO)
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