Material Event Form 8 K

In connection with the commencement of an "at the market" equity offering program (the "ATM Program"), Terreno Realty Corporation (the "Company") filed with the Securities and Exchange Commission (the "SEC") a prospectus supplement dated August 28, 2024 (the "Prospectus Supplement"), pursuant to which the Company may issue and sell shares of its common stock having an aggregate offering price of up to $500,000,000 (the "Shares") in amounts and at times to be determined by the Company from time to time.

In connection with the offering, the Company entered into separate equity distribution agreements (collectively, the "Distribution Agreements"), each dated August 28, 2024, with each of KeyBanc Capital Markets Inc., Robert W. Baird & Co. Incorporated, BMO Capital Markets Corp., BTIG, LLC, Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, Jefferies LLC, Piper Sandler & Co., Regions Securities LLC, Scotia Capital (USA) Inc. and Truist Securities, Inc., as sales agents (collectively, the "Sales Agents"). Pursuant to the Distribution Agreements, the Company may issue and sell the Shares from time to time through the Sales Agents, as the Company's agents for the offer and sale of the Shares, or to them for resale. Sales of Shares, if any, may be made in negotiated transactions, which may include block trades, or transactions that are deemed to be "at the market" offerings as defined in Rule 415 of the Securities Act of 1933, as amended, including sales made directly on the New York Stock Exchange or sales made to or through a market maker other than on an exchange. The Company will pay each of the Sales Agents a commission, which, in each case, will not be more than 2.0% of the gross sales price of Shares sold through such Sales Agent as the Company's agent under the applicable Distribution Agreement.

The Company has no obligation to sell any of the Shares. Actual sales will depend on a variety of factors to be determined by the Company from time to time, including, among others, market conditions, the trading price of the Company's common stock, determinations by the Company of the appropriate sources of funding for the Company and potential uses of funding available to the Company. The Company intends to use the net proceeds from the offering of the Shares, if any, for general corporate purposes, which may include future acquisitions, developments and redevelopments and repayment of indebtedness, including borrowings under the Company's credit facility.

The offering of the Shares pursuant to any Distribution Agreement will terminate upon the earlier of (1) the issuance and sale of all of the Shares subject to the Distribution Agreements and (2) the termination of the Distribution Agreement by either the Company or the respective Sales Agent at any time in the respective party's sole discretion.

The Shares will be issued pursuant to the Prospectus Supplement and the Company's registration statement on Form S-3(File No. 333-276959)filed with the SEC on February 9, 2024.

Under the Company's prior "at the market" equity offering program (the "Prior Program"), for the period from June 30, 2024 through August 27, 2024, the Company issued 2,085,357 shares of common stock, with a weighted average offering price of $68.44 per share, receiving gross proceeds of approximately $142.7 million, resulting in the sale of substantially all of the available shares under the Prior Program. This ATM Program replaces the Prior Program.

The foregoing description of the Distribution Agreements is qualified in its entirety by reference to the form of Distribution Agreement filed as Exhibit 1.1 to this Current Report on Form 8-Kand incorporated herein by reference.