Terreno Realty Corporation Closes $400 Million Unsecured Credit Facility

• Unsecured revolving credit facility increased to $250 million and interest rate reduced
• Term loans interest rates reduced

Terreno Realty Corporation TRNO, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the closing of a $400 million amended and restated senior unsecured credit facility (the "Facility") to replace its existing $350 million senior unsecured credit facility. Interest rates on the Facility depend on Terreno Realty Corporation's total debt as a percentage of total asset value as defined by the Facility.

Additional highlights are as follows:

• $250 Million Revolving Credit Facility. The unsecured revolving credit facility was increased from $200 million to $250 million and the maturity was extended approximately two years to October 2022. The new current interest rate on the unsecured revolving credit facility decreased to LIBOR plus 1.05% and a facility fee of 15 basis points (previously 1.35% plus an unused fee of 20 basis points); and
• $150 Million Term Loans. The new interest rate on the outstanding unsecured term loans decreased to LIBOR plus 1.20% currently, a reduction of 10 basis points. The maturity dates of the outstanding term loans are unchanged.

KeyBanc Capital Markets, MUFG Union Bank, N.A., PNC Capital Markets LLC and Regions Capital Markets served as joint lead arrangers and KeyBank, N.A. is the administrative agent. MUFG Union Bank, PNC Bank, N.A. and Regions Banks served as co-syndication agents. Other key participants were Goldman Sachs Bank USA and U.S. Bank, N.A.

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, 2017 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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