Terreno Realty Corporation Announces Tax Treatment of 2023 Dividends
January 31 2024 - 4:10PM
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 2023
dividend distributions to holders of its common stock.
For holders of Terreno Realty Corporation common stock, the 2023
distribution of $1.65 per share includes a portion of one quarterly
distribution declared in 2022 and paid in 2023, three quarterly
distributions declared and paid in 2023, and a portion of one
quarterly distribution declared in 2023 and paid in 2024. The
distribution characteristics are as follows:
Security Record Date Date Paid
Dividendper Share 2023 OrdinaryTaxableDividend
2023 TotalCapital GainDividend 2023 Returnof
CapitalDividend 2023UnrecapturedSection 1250Gain (1)
2023 Section199A Dividend (2) Common stock December 30, 2022
January 13, 2023
$
0.275800
$
0.257565
$
0.018235
$
-
$
0.002222
$
0.257565
Common stock March 31, 2023 April 6, 2023
$
0.400000
$
0.373553
$
0.026447
$
-
$
0.003222
$
0.373553
Common stock June 30, 2023 July 14, 2023
$
0.400000
$
0.373553
$
0.026447
$
-
$
0.003222
$
0.373553
Common stock September 29, 2023 October 13, 2023
$
0.450000
$
0.420247
$
0.029753
$
-
$
0.003625
$
0.420247
Common stock December 15, 2023 January 5, 2024
$
0.125400
$
0.117109
$
0.008291
$
-
$
0.001010
$
0.117109
Total
$
1.651200
$
1.542027
$
0.109173
$
-
$
0.013301
$
1.542027
Dividend as a % of total
93.4
%
6.6
%
0.0
%
0.8
%
93.4
%
(1)
The 2023 Unrecaptured Section 1250 Gain is
a subset of, and is included in, the 2023 Total Capital Gain
Dividend amount.
(2)
2023 Section 199A Dividends are a subset
of, and are included in, the 2023 Ordinary Taxable Dividends.
Approximately $0.13 of the $0.45 distribution that was declared
on October 31, 2023 and paid on January 5, 2024 will be considered
a distribution made in 2023 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,” 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, 2022 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/20240131777113/en/
Jaime Cannon 415-655-4580
Terreno Realty (NYSE:TRNO)
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