Terreno Realty Management

Management criteria checks 4/4

Terreno Realty's CEO is W. Baird, appointed in Feb 2010, has a tenure of 14.17 years. total yearly compensation is $5.05M, comprised of 15.9% salary and 84.1% bonuses, including company stock and options. directly owns 0.82% of the company’s shares, worth $43.28M. The average tenure of the management team and the board of directors is 10.9 years and 14.2 years respectively.

Key information

W. Baird

Chief executive officer

US$5.0m

Total compensation

CEO salary percentage	15.9%
CEO tenure	14.2yrs
CEO ownership	0.8%
Management average tenure	10.9yrs
Board average tenure	14.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has W. Baird's remuneration changed compared to Terreno Realty's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$5m	US$800k	US$151m
Sep 30 2023	n/a	n/a	US$152m
Jun 30 2023	n/a	n/a	US$144m
Mar 31 2023	n/a	n/a	US$201m
Dec 31 2022	US$4m	US$800k	US$197m
Sep 30 2022	n/a	n/a	US$171m
Jun 30 2022	n/a	n/a	US$170m
Mar 31 2022	n/a	n/a	US$90m
Dec 31 2021	US$4m	US$800k	US$87m
Sep 30 2021	n/a	n/a	US$68m
Jun 30 2021	n/a	n/a	US$70m
Mar 31 2021	n/a	n/a	US$83m
Dec 31 2020	US$3m	US$800k	US$79m
Sep 30 2020	n/a	n/a	US$81m
Jun 30 2020	n/a	n/a	US$73m
Mar 31 2020	n/a	n/a	US$53m
Dec 31 2019	US$3m	US$800k	US$55m
Sep 30 2019	n/a	n/a	US$63m
Jun 30 2019	n/a	n/a	US$59m
Mar 31 2019	n/a	n/a	US$68m
Dec 31 2018	US$2m	US$791k	US$63m
Sep 30 2018	n/a	n/a	US$51m
Jun 30 2018	n/a	n/a	US$60m
Mar 31 2018	n/a	n/a	US$54m
Dec 31 2017	US$2m	US$783k	US$49m

Compensation vs Market: W.'s total compensation ($USD5.05M) is below average for companies of similar size in the US market ($USD8.28M).

Compensation vs Earnings: W.'s compensation has been consistent with company performance over the past year.

CEO

W. Baird (62 yo)

14.2yrs

Tenure

US$5,046,801

Compensation

Mr. W. Blake Baird has been Chief Executive Officer, Chairman and Co-Founder of Terreno Realty Corporation since February 2010. Prior to Terreno Realty Corporation, Mr. Baird served as the President at AMB...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
W. Baird	Co-Founder	14.2yrs	US$5.05m	0.82% $ 43.3m
Michael Coke	Co-Founder	14.2yrs	US$5.05m	0.58% $ 30.3m
Jaime Cannon	Executive VP	10.9yrs	US$2.53m	0.17% $ 9.1m
John Meyer	Executive VP & COO	less than a year	US$2.53m	0.18% $ 9.6m
Melinda Weston	Chief Accounting Officer	1.9yrs	no data	0.018% $ 950.4k

10.9yrs

Average Tenure

58.5yo

Average Age

Experienced Management: TRNO's management team is seasoned and experienced (10.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
W. Baird	Co-Founder	14.2yrs	US$5.05m	0.82% $ 43.3m
Michael Coke	Co-Founder	14.2yrs	US$5.05m	0.58% $ 30.3m
LeRoy Carlson	Independent Director	14.2yrs	US$180.01k	0.036% $ 1.9m
Douglas Pasquale	Independent Lead Director	14.2yrs	US$180.01k	0.11% $ 5.9m
Dennis Polk	Independent Director	14.2yrs	US$180.01k	0.056% $ 2.9m
Gary Boston	Independent Director	1.5yrs	US$180.01k	0.0032% $ 170.2k
Linda Assante	Independent Director	3.9yrs	US$180.01k	0.0077% $ 406.1k
Irene Oh	Independent Director	1.3yrs	US$180.01k	0.0022% $ 113.0k

14.2yrs

Average Tenure

55.5yo

Average Age

Experienced Board: TRNO's board of directors are seasoned and experienced ( 14.2 years average tenure).

Terreno Realty Management

Management criteria checks 4/4

Key information

Recent management updates

Terreno Realty Corporation, Annual General Meeting, May 07, 2024

Terreno Realty Corporation Announces the Promotion of John Meyer to Chief Operating Officer

Co-Founder recently sold US$596k worth of stock

Co-Founder notifies of intention to sell stock

Terreno Realty Corporation Appoints Irene H. Oh as an Independent Director, Effective January 1, 2023

Independent Director recently sold US$234k worth of stock

Recent updates

Terreno Realty: Too Much Focus On Growth Vs. Growth Per Share

Terreno Realty Corporation (NYSE:TRNO) acquired Industrial property in Alexandria, Virginia for $84.3 million.

Terreno Realty Corporation Announces Development Start in Hialeah, FL

Terreno Realty Corporation has completed a Follow-on Equity Offering in the amount of $341 million.

Terreno Realty Corporation has completed a Follow-on Equity Offering in the amount of $341 million.

Terreno Realty Corporation, Annual General Meeting, May 07, 2024

Upcoming dividend of US$0.45 per share

Terreno Realty: Attractive Financials But Overvalued (Rating Downgrade)

New major risk - Revenue and earnings growth

Fourth quarter dividend of US$0.45 announced

Full year 2023 earnings: EPS exceeds analyst expectations

Terreno Realty Corporation Declares Quarterly Dividend, Payable on April 5, 2024

Terreno Realty Corporation Announces the Promotion of John Meyer to Chief Operating Officer

Terreno Realty: Quality Is Expensive

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.45 per share at 3.1% yield

New major risk - Revenue and earnings growth

Terreno Realty Corporation Declares Cash Dividend for the Quarter Ending December 31, 2023, Payable on January 5, 2024

Terreno Realty Corporation (NYSE:TRNO) acquired Industrial Property Located in Red Hook, Brooklyn, New York for $27.5 million.

Terreno Realty Corporation (NYSE:TRNO) acquired Property in Redondo Beach, CA for approximately $45.7 million.

Terreno Realty: Buy The Dip On This Top Industrial Player

Upcoming dividend of US$0.45 per share at 3.1% yield

Terreno Realty Corporation (NYSE:TRNO) acquired Property in Santa Ana, CA for approximately $14.8 million.

Co-Founder recently sold US$596k worth of stock

Consensus EPS estimates increase by 13%

Co-Founder notifies of intention to sell stock

New minor risk - Profit margin trend

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Terreno Realty Corporation Increases Quarterly Dividend, Payable on October 13, 2023

Terreno Realty: Great Company At A Hefty Price

Upcoming dividend of US$0.40 per share at 2.7% yield

Terreno Realty Corporation (NYSE:TRNO) acquired Industrial property located in Washington, D.C. for $13.4 million.

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Terreno Realty Corporation Declares Quarterly Dividend, payable on July 14, 2023

Price target increased by 7.0% to US$70.64

Here's Why Terreno Realty (NYSE:TRNO) Has Caught The Eye Of Investors

Terreno Realty acquires property for $173.6M

Huge AFFO Growth Poised To Continue At Terreno

Terreno Realty Corporation has completed a Follow-on Equity Offering in the amount of $312.5 million.

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Terreno Realty stock falls 3% after hours on 5M share offering

Terreno Realty Corporation Declares Quarterly Dividend, Payable on April 6, 2023

Terreno Realty reports $59.4M acquisitions in Q4, 98.6% occupancy

Terreno Realty Corporation (NYSE:TRNO) acquired Industrial property in Rancho Dominguez, California for $22.4 million.

An unknown buyer acquired Industrial Property at 20 Pulaski Street in Bayonne from Terreno Realty Corporation (NYSE:TRNO) for $24.3 million.

Terreno Realty sells industrial property in New Jersey for $24.3M

Upcoming dividend of US$0.40 per share

Terreno Realty signs lease renewal in Commerce, California

Terreno Realty Corporation Appoints Irene H. Oh as an Independent Director, Effective January 1, 2023

Independent Director recently sold US$234k worth of stock

Terreno Realty Corporation (NYSE:TRNO) acquired Industrial property located in Elizabeth, New Jersey for $15.4 million.

An Unknown Buyer acquired Industrial Property Located in Somerset, New Jersey from Terreno Realty Corporation (NYSE:TRNO) for $25 million.

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Terreno Realty Corporation Declares Regular Cash Dividend for the Quarter Ending December 31, 2022, Payable on January 13, 2023

Terreno Realty buys California industrial property for ~$17M

Terreno Realty Corporation (NYSE:TRNO) acquired An industrial property located in Miami, Florida for $4.7 million.

Terreno Realty acquires Miami industrial property for $4.7M

Price target decreased to US$65.30

Price target decreased to US$65.70

An unknown buyer acquired 32,000 Square Feet Industrial Property Located in Kent, Washington from Terreno Realty Corporation (NYSE:TRNO) for $8.7 million.

Red Hot Fundamentals At Terreno

Upcoming dividend of US$0.40 per share

Now 22% undervalued

Is Now The Time To Put Terreno Realty (NYSE:TRNO) On Your Watchlist?

Terreno Realty Corporation (NYSE:TRNO) acquired Industrial property in Anaheim, California for $7.3 million.

Terreno Realty Corporation acquires property in Anaheim, CA for $7.3M

Now 21% undervalued

Terreno Realty Corporation Adds Gary N. Boston as an Independent Director, Effective October 1, 2022

Terreno Realty: An Industrial REIT That Is Worth The Premium Valuation