Terreno Realty Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	402.99	184.5	151.46	198.01	87.25
Depreciation & Amortization	92.28	76.63	59.3	49.49	43
Other Amortization	3.4	1.76	1.55	1.37	1.34
Gain (Loss) on Sale of Assets	-238.43	-45.38	-38.16	-112.17	-16.63
Stock-Based Compensation	17.72	14.93	13.47	10.17	9.55
Change in Accounts Payable	10.3	11.89	7.14	7.05	20.04
Change in Other Net Operating Assets	-0.98	-2.33	-6.6	-1.37	-3.67
Other Operating Activities	-15.41	-9.31	-8.47	-9.35	-8.68
Operating Cash Flow	271.86	232.69	179.68	143.21	132.21
Operating Cash Flow Growth	16.84%	29.50%	25.46%	8.32%	30.83%
Acquisition of Real Estate Assets	-827.01	-987.38	-643.47	-499.81	-707.52
Sale of Real Estate Assets	374.62	71.9	73.08	162.15	41.08
Net Sale / Acq. of Real Estate Assets	-452.39	-915.48	-570.39	-337.66	-666.44
Investing Cash Flow	-452.39	-915.48	-570.39	-337.66	-666.44
Short-Term Debt Issued	-	-	-	-	75
Long-Term Debt Issued	422.5	110	82	308	275
Total Debt Issued	422.5	110	82	308	350
Short-Term Debt Repaid	-	-	-	-	-75
Long-Term Debt Repaid	-304.5	-128	-82	-258	-11.27
Total Debt Repaid	-304.5	-128	-82	-258	-86.27
Net Debt Issued (Repaid)	118	-18	-	50	263.73
Issuance of Common Stock	281.02	742.73	671.35	78.85	462.39
Repurchase of Common Stock	-3.29	-3.34	-1.51	-1.05	-0.58
Common Dividends Paid	-203.89	-174.97	-135.85	-107.41	-84.63
Total Dividends Paid	-203.89	-174.97	-135.85	-107.41	-84.63
Other Financing Activities	-4.08	-11.51	-5.12	-2.66	-9.71
Net Cash Flow	7.24	-147.88	138.15	-176.72	96.97
Cash Interest Paid	27.44	20.9	31.71	25.22	15.14
Levered Free Cash Flow	208.63	190.91	154.7	115.41	114.37
Unlevered Free Cash Flow	225.77	202.22	168.65	128.94	124.32
Change in Working Capital	9.31	9.56	0.54	5.68	16.37

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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