AMERICOLD REALTY TRUST, 10-K filed on 2/27/2025
Annual Report
v3.25.0.1
Cover Page - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2024
Feb. 25, 2025
Jun. 30, 2024
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2024    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 001-34723    
Entity Registrant Name AMERICOLD REALTY TRUST, INC.    
Entity Incorporation, State or Country Code MD    
Entity Tax Identification Number 93-0295215    
Entity Address, Address Line One 10 Glenlake Parkway,    
Entity Address, Address Line Two Suite 600, South Tower    
Entity Address, City or Town Atlanta,    
Entity Address, State or Province GA    
Entity Address, Postal Zip Code 30328    
City Area Code 678    
Local Phone Number 441-1400    
Title of 12(b) Security Common Stock, $0.01 par value per share    
Trading Symbol COLD    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 6.2
Entity Common Stock, Shares Outstanding   284,393,914  
Documents Incorporated by Reference
Part III incorporates by reference portions of Americold Realty Trust, Inc.’s Proxy Statement for its 2025 Annual Meeting of stockholders, which the registrant anticipates will be filed no later than 120 days after the end of its fiscal year pursuant to Regulation 14A.
    
Entity Central Index Key 0001455863    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.25.0.1
Audit Information
 12 Months Ended
Dec. 31, 2024
Audit Information [Abstract]  
Auditor Firm ID 42
Auditor Name Ernst & Young LLP
Auditor Location Atlanta, Georgia
v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Property, buildings, and equipment:    
Property, plant and equipment gross value $ 7,474,281 $ 7,302,933
Accumulated depreciation (2,453,597) (2,196,196)
Property, buildings, and equipment – net 5,020,684 5,106,737
Operating leases - net 222,294 247,302
Financing leases - net 104,216 105,164
Cash, cash equivalents, and restricted cash 47,652 60,392
Accounts receivable - net of allowance of $24,426 and $21,647 at December 31, 2024 and 2023, respectively 386,924 426,048
Identifiable intangible assets – net 838,660 897,414
Goodwill 784,042 794,004
Investments in and advances to partially owned entities 40,252 38,113
Other assets 291,230 194,078
Total assets 7,735,954 7,869,252
Liabilities    
Borrowings under revolving line of credit 255,052 392,156
Accounts payable and accrued expenses 603,411 568,764
Senior unsecured notes and term loans - net of deferred financing costs of $13,882 and $10,578 at December 31, 2024 and 2023, respectively 3,031,462 2,601,122
Sale-leaseback financing obligations 79,001 161,937
Financing lease obligations 95,784 97,177
Operating lease obligations 219,099 240,251
Unearned revenues 21,979 28,379
Deferred tax liability - net 115,772 135,797
Other liabilities 7,389 9,082
Total liabilities 4,428,949 4,234,665
Commitments and contingencies (Note 17 - Commitments and Contingencies)
Stockholders' equity:    
Common stock, $0.01 par value per share – 500,000,000 authorized shares; 284,265,041 and 283,699,120 shares issued and outstanding at December 31, 2024 and 2023, respectively 2,842 2,837
Paid-in capital 5,646,879 5,625,907
Accumulated deficit and distributions in excess of net earnings (2,341,654) (1,995,975)
Accumulated other comprehensive loss (27,279) (16,640)
Total stockholders’ equity 3,280,788 3,616,129
Noncontrolling interests 26,217 18,458
Total equity 3,307,005 3,634,587
Total liabilities and equity 7,735,954 7,869,252
Land    
Property, buildings, and equipment:    
Property, plant and equipment gross value 806,981 820,831
Building and improvements    
Property, buildings, and equipment:    
Property, plant and equipment gross value 4,462,565 4,464,359
Machinery and equipment    
Property, buildings, and equipment:    
Property, plant and equipment gross value 1,598,502 1,565,431
Assets under construction    
Property, buildings, and equipment:    
Property, plant and equipment gross value $ 606,233 $ 452,312
v3.25.0.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]    
Accounts receivable, allowance $ (24,426) $ (21,647)
Deferred financing costs $ (13,882) $ (10,578)
Common shares, par value (in USD per share) $ 0.01 $ 0.01
Common shares, shares authorized (in shares) 500,000,000 500,000,000
Common shares, shares issued (in shares) 284,265,041 283,699,120
Common shares, shares outstanding (in shares) 284,265,041 283,699,120
v3.25.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Total revenues $ 2,666,541 $ 2,673,329 $ 2,914,735
Operating expenses:      
Cost of operations 1,819,814 1,902,757 2,218,772
Depreciation and amortization 360,817 353,743 331,446
Selling, general, and administrative 255,118 226,786 231,067
Acquisition, cyber incident, and other, net 77,169 64,087 32,511
Impairment of indefinite and long-lived assets 33,126 236,515 7,380
Net (gain) loss from sale of real estate (3,514) (2,254) 5,689
Total operating expenses 2,542,530 2,781,634 2,826,865
Operating income (loss) 124,011 (108,305) 87,870
Other income (expense):      
Interest expense (135,323) (140,107) (116,127)
Loss on debt extinguishment, modifications and termination of derivative instruments (116,082) (2,482) (3,217)
Loss from investments in partially owned entities (3,702) (1,442) (918)
Loss on put option 0 (56,576) 0
Other, net 27,919 2,795 2,464
Loss from continuing operations before income taxes (103,177) (328,089) (29,928)
Income tax benefit (expense):      
Current income tax (4,782) (8,508) (3,725)
Deferred income tax 13,210 10,781 22,561
Total income tax benefit 8,428 2,273 18,836
Net loss from continuing operations (94,749) (325,816) (11,092)
Loss from discontinued operations, net of tax 0 (10,453) (8,382)
Net loss (94,749) (336,269) (19,474)
Net loss attributable to noncontrolling interests (436) (54) (34)
Net loss attributable to Americold Realty Trust, Inc. $ (94,313) $ (336,215) $ (19,440)
Weighted average common stock outstanding – basic (in shares) 284,782 275,773 269,565
Weighted average common stock outstanding – diluted (in shares) 284,782 275,773 269,565
Net loss per common share from continuing operations - basic (in USD per share) $ (0.33) $ (1.18) $ (0.04)
Net loss per common share from discontinued operations - basic (in USD per share) 0 (0.04) (0.03)
Basic loss per share (in USD per share) (0.33) (1.22) (0.07)
Net loss per common share from continuing operations - diluted (in USD per share) (0.33) (1.18) (0.04)
Net loss per common share from discontinued operations - diluted (in USD per share) 0 (0.04) (0.03)
Diluted loss per share (in USD per share) $ (0.33) $ (1.22) $ (0.07)
Related Party      
Other income (expense):      
Impairment of related party loan receivable $ 0 $ (21,972) $ 0
Rent, storage, and warehouse services      
Operating expenses:      
Cost of operations 1,615,030 1,668,486 1,666,739
Transportation services      
Operating expenses:      
Cost of operations 172,606 197,630 265,956
Third-party managed services      
Operating expenses:      
Cost of operations 32,178 36,641 286,077
Operating Segments      
Revenues:      
Total revenues 2,666,541 2,673,329 2,914,735
Operating expenses:      
Cost of operations 1,615,030 1,668,486 1,666,739
Operating Segments | Rent, storage, and warehouse services      
Revenues:      
Total revenues 2,416,743 2,391,089 2,302,971
Operating Segments | Transportation services      
Revenues:      
Total revenues 209,129 239,670 313,358
Operating Segments | Third-party managed services      
Revenues:      
Total revenues $ 40,669 $ 42,570 $ 298,406
v3.25.0.1
Consolidated Statements of Comprehensive (Loss) Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Comprehensive Income [Abstract]      
Net loss $ (94,749) $ (336,269) $ (19,474)
Other comprehensive income (loss) - net of tax:      
Adjustment to accrued pension liability 515 (2,299) (2,376)
Unrealized net gain (loss) on foreign currency (14,441) (4,937) (23,514)
Unrealized net gain (loss) on cash flow hedges 3,287 (3,354) 15,318
Other comprehensive loss - net of tax attributable to Americold Realty Trust, Inc. (10,639) (10,590) (10,572)
Other comprehensive (loss) income attributable to noncontrolling interests (91) 108 (51)
Total comprehensive loss $ (105,479) $ (346,751) $ (30,097)
v3.25.0.1
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Common Stock
Paid-in Capital
Accumulated Deficit and Distributions in Excess of Net Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests in Operating Partnership
Beginning balance (in shares) at Dec. 31, 2021   268,282,592        
Beginning balance at Dec. 31, 2021 $ 4,029,076 $ 2,683 $ 5,171,690 $ (1,157,888) $ 4,522 $ 8,069
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (19,474)     (19,440)   (34)
Other comprehensive loss (15,593)       (15,542) (51)
Distributions on common stock, restricted stock and OP units (238,494)     (237,770)   (724)
Stock-based compensation expense 27,137   19,734     7,403
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares)   1,387,078        
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (3,319) $ 14 (3,333)      
Common stock issuance related to employee stock purchase plan (in shares)   145,286        
Common stock issuance related to employee stock purchase plan 3,879 $ 1 3,878      
Deconsolidation of subsidiary contributed to LATAM joint venture 4,766       4,970 (204)
Other (100)          
Ending balance (in shares) at Dec. 31, 2022   269,814,956        
Ending balance at Dec. 31, 2022 3,787,878 $ 2,698 5,191,969 (1,415,198) (6,050) 14,459
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (336,269)     (336,215)   (54)
Other comprehensive loss (10,482)       (10,590) 108
Distributions on common stock, restricted stock and OP units (245,366)     (244,562)   (804)
Stock-based compensation expense 23,592   16,403     7,189
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares)   429,156        
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (423) $ 4 (427)      
Common stock issuance related to employee stock purchase plan (in shares)   126,195        
Common stock issuance related to employee stock purchase plan 3,047 $ 2 3,045      
Conversion of OP units to common stock (in shares)   83,908        
Conversion of OP units to common stock 0 $ 1 2,439     (2,440)
Net proceeds from issuance of common stock (in shares)   13,244,905        
Net proceeds from issuance of common stock 412,610 $ 132 412,478      
Ending balance (in shares) at Dec. 31, 2023   283,699,120        
Ending balance at Dec. 31, 2023 3,634,587 $ 2,837 5,625,907 (1,995,975) (16,640) 18,458
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (94,749)     (94,313)   (436)
Other comprehensive loss (10,730)       (10,639) (91)
Distributions on common stock, restricted stock and OP units (252,587)     (251,366)   (1,221)
Stock-based compensation expense 28,233   17,742     10,491
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares)   398,882        
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (818) $ 4 (822)      
Common stock issuance related to employee stock purchase plan (in shares)   130,589        
Common stock issuance related to employee stock purchase plan 3,069 $ 1 3,068      
Conversion of OP units to common stock (in shares)   36,450        
Conversion of OP units to common stock 0   984     (984)
Ending balance (in shares) at Dec. 31, 2024   284,265,041        
Ending balance at Dec. 31, 2024 $ 3,307,005 $ 2,842 $ 5,646,879 $ (2,341,654) $ (27,279) $ 26,217
v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net loss $ (94,749) $ (336,269) $ (19,474)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 360,817 353,743 331,446
Amortization of deferred financing costs and pension withdrawal liability 5,329 5,095 4,833
Loss on debt extinguishment, modifications and termination of derivative instruments, non-cash 116,082 2,482 3,217
Loss from investments in partially owned entities 3,702 5,553 9,300
Gain on extinguishment of new market tax credit structure 0 0 (3,410)
Loss on deconsolidation of subsidiary contributed 0 0 4,148
Stock-based compensation expense 28,233 23,592 27,137
Deferred income tax benefit (13,210) (10,781) (22,561)
Impairment of indefinite and long-lived assets 33,126 236,515 7,380
Provision for doubtful accounts receivable 7,633 6,422 7,394
Impairment of related party loan receivable 0 21,972 0
Loss on put option 0 56,576 0
Loss on classification of Comfrio as held for sale 0 4,616 0
Non-cash operating lease expenses 42,751 42,841 52,330
Changes in operating assets and liabilities:      
Accounts receivable 22,748 (2,748) (68,629)
Accounts payable and accrued expenses 17,349 23,545 13,291
Other assets (62,710) (49,635) (25,057)
Operating lease liabilities (40,345) (37,605) (34,162)
Other, net (14,879) 20,241 12,813
Net cash provided by operating activities 411,877 366,155 299,996
Investing activities:      
Additions to property, buildings, and equipment (309,458) (264,467) (308,365)
Business combinations, net of cash acquired 0 (46,653) (15,829)
Acquisitions of property, buildings, equipment, and other assets, net of cash acquired 0 (65,771) (14,581)
Investments in and advances to partially owned entities and other (13,049) (20,533) (14,427)
Net payments for sale of business (discontinued operations) 0 (4,616) 0
Proceeds from sale of property, buildings, and equipment 9,324 8,071 4,713
Proceeds from sale of investments in partially owned entities 0 36,896 0
Net cash used in investing activities (313,183) (357,073) (348,489)
Financing activities:      
Distributions paid on common stock, restricted stock units and noncontrolling interests in OP (252,119) (242,221) (238,709)
Proceeds from stock options exercised 2,828 2,952 3,974
Proceeds from employee stock purchase plan 3,069 3,047 3,879
Remittance of withholding taxes related to employee stock-based transactions (3,646) (3,375) (8,308)
Proceeds from revolving line of credit 827,224 716,326 529,354
Repayment on revolving line of credit (942,183) (832,519) (413,860)
Repayment of sale-leaseback financing obligations (7,091) (17,891) (7,835)
Termination of sale-leaseback financing obligations (190,954) 0 0
Repayment of financing lease obligations (37,921) (39,214) (33,860)
Payment of debt issuance and extinguishment costs (5,992) 0 (11,651)
Repayment of term loans, mortgage notes, and notes payable 0 0 (269,659)
Proceeds from senior unsecured notes and term loans 0 0 470,000
Proceeds from public senior unsecured notes offering 500,000 0 0
Net proceeds from issuance of common stock 0 412,610 0
Net cash (used in) provided by financing activities (106,785) (285) 23,325
Net (decrease) increase in cash, cash equivalents and restricted cash (8,091) 8,797 (25,168)
Effect of foreign currency translation on cash, cash equivalents and restricted cash (4,649) (1,468) (4,727)
Cash, cash equivalents and restricted cash:      
Beginning of period 60,392 53,063 82,958
End of period 47,652 60,392 53,063
Supplemental disclosures of non-cash investing and financing activities:      
Addition of property, buildings and equipment on accrual 32,538 34,034 49,378
Operating leases 11,186 6,244 7,889
Finance leases 38,989 59,276 18,694
Supplemental disclosures of cash flows information:      
Interest paid – net of amounts capitalized 122,023 134,513 118,161
Income taxes paid – net of refunds 6,718 5,828 7,885
Allocation of purchase price of business combinations, net of cash acquired to:      
Goodwill 784,042 794,004 1,033,637
Americold LATAM Holdings Ltd      
Allocation of purchase price of business combinations, net of cash acquired to:      
Recognition of investment in unconsolidated LATAM joint venture 0 0 36,896
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Land      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (19,574)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Building and improvements      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (10,118)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Machinery and equipment      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (8,395)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Assets under construction      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (20)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accumulated depreciation      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 1,959
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Cash, cash equivalents and restricted cash      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (2,483)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accounts receivable      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (1,422)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Goodwill      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (6,653)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Other assets      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (309)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accounts payable and accrued expenses      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 1,105
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Mortgage notes, senior unsecured notes and term loans – net of unamortized deferred financing costs      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 9,633
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accumulated other comprehensive loss      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (4,766)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Net carrying value of Chile assets and liabilities deconsolidated      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (41,043)
Business Acquisitions      
Allocation of purchase price of business combinations, net of cash acquired to:      
Land 0 0 514
Buildings and improvements 0 0 8,218
Machinery and equipment 0 0 3,676
Goodwill 0 0 3,107
Other assets 0 0 25
Accounts payable and accrued expenses [1] 0 46,653 289
Assets of discontinued operations - held for sale 0 86,085 0
Liabilities of discontinued operations - held for sale 0 (86,085) 0
Total consideration 0 46,653 15,829
Asset Acquisitions      
Allocation of purchase price of property, buildings, equipment, and other assets, net of cash acquired to:      
Other assets and liabilities, net 0 239 0
Cash paid for acquisitions of property, buildings, equipment, and other assets, net 0 65,771 14,581
Asset Acquisitions | Land      
Allocation of purchase price of property, buildings, equipment, and other assets, net of cash acquired to:      
Property, plant and equipment, additions 0 15,551 3,628
Asset Acquisitions | Building and improvements      
Allocation of purchase price of property, buildings, equipment, and other assets, net of cash acquired to:      
Property, plant and equipment, additions 0 35,551 8,289
Asset Acquisitions | Machinery and equipment      
Allocation of purchase price of property, buildings, equipment, and other assets, net of cash acquired to:      
Property, plant and equipment, additions $ 0 $ 14,430 $ 2,664
[1]
(1)Accounts payable and accrued expenses activity as of December 31, 2023 represents the relief of the remaining put option liability for Comfrio.
v3.25.0.1
Description of the Business
 12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of the Business Description of the Business
The Company
Americold Realty Trust, Inc. together with its subsidiaries including the Operating Partnership (as defined below) (“ART”, “Americold”, the “Company”, “us” or “we”) is a Maryland corporation that operates as a real estate investment trust (“REIT”) for U.S. federal income tax purposes. The Company is a global leader in temperature-controlled storage, logistics, real estate and value added services, and is focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. As of December 31, 2024, we operated a global network of 239 temperature-controlled warehouses encompassing approximately 1.4 billion cubic feet (unaudited), with 195 warehouses in North America, 25 in Europe, 17 warehouses in Asia-Pacific, and 2 warehouses in South America. In addition, we hold minority interests in two joint ventures, one with SuperFrio Armazéns Gerais S.A. (“SuperFrio”), which owns or operates 34 temperature-controlled warehouses in Brazil, and one with RSA Cold Holdings Limited (the “RSA joint venture”), which owns two temperature-controlled warehouses in Dubai.
During 2010, the Company formed a Delaware limited partnership, Americold Realty Operating Partnership, L.P. (“the Operating Partnership”), and transferred substantially all of its interests in entities and associated assets and liabilities to the Operating Partnership. This structure is commonly referred to as an umbrella partnership REIT or an UPREIT structure. Americold Realty Trust, Inc. (“the REIT”) is the sole general partner of the Operating Partnership, owning 99% of the common general partnership interests as of December 31, 2024. Americold Realty Operations, Inc., a Delaware corporation and wholly-owned subsidiary of the REIT, is a limited partner of the Operating Partnership, owning less than 1% of the common general partnership interests as of December 31, 2024. Additionally, the aggregate partnership interests of all other limited partners was less than 0.1% as of December 31, 2024. As the sole general partner of the Operating Partnership, the REIT has full, exclusive and complete responsibility and discretion in the day-to-day management and control of the Operating Partnership. The limited partners of the Operating Partnership do not have rights to replace Americold Realty Trust, Inc. as the general partner nor do they have participating rights, although they do have certain protective rights.
No limited partner shall be liable for any debts, liabilities, contracts or obligations of the Operating Partnership. A limited partner shall be liable to the Operating Partnership only to make payments of capital contribution, if any, as and when due. After a capital contribution is fully paid, no limited partner shall, except as otherwise may be legally required under Delaware law, be required to make any further contribution or other payments or lend any funds to the Operating Partnership.
The Company grants Operating Partnership Profit Units (“OP Units”) to certain members of the Board of Directors and certain members of management of the Company, which are described further in Note 14 - Stock-Based Compensation. These units represent noncontrolling interests in the Operating Partnership that are not owned by Americold Realty Trust, Inc.
On March 22, 2021, the Company filed Articles of Amendment to the Company’s Amended and Restated Declaration of Trust with the State Department of Assessments and Taxation of Maryland to increase the number of authorized common shares of beneficial interest, $0.01 par value per share, from 325,000,000 to 500,000,000. The Articles of Amendment were effective upon filing. The Company also has 25,000,000 authorized preferred shares, $0.01 par value per share; however, none were issued or outstanding as of December 31, 2024 or December 31, 2023.
On May 25, 2022, the Company completed its conversion from a Maryland REIT to a Maryland corporation, pursuant to the Articles of Conversion, as approved by the stockholders at its annual stockholder meeting on May 17, 2022. Each issued and outstanding share of beneficial interest in Americold Realty Trust was converted into one share of common stock in Americold Realty Trust, Inc. Despite this conversion, the Company continues to operate as a REIT for U.S. federal income tax purposes.
The Operating Partnership includes numerous disregarded entities (“DRE”). Additionally, the Operating Partnership conducts various business activities in North America, Europe, Asia-Pacific, and South America through several wholly-owned taxable REIT subsidiaries (“TRSs”).
Recent Capital Markets Activity
Universal Shelf Registration Statement
On March 17, 2023, the Company and the Operating Partnership filed with the SEC an automatic shelf registration statement on Form S-3 (Registration No. 333-270664 and 333-270664-01) (as amended from time to time, the “Registration Statement”), registering an indeterminate amount of (i) the Company’s common stock, $0.01 par value per share, (ii) the Company’s preferred stock, $0.01 par value per share, (iii) depositary shares representing entitlement to all rights and preferences of fractions of the Company’s preferred shares of a specified series and represented by depositary receipts, (iv) warrants to purchase the Company’s common stock or preferred stock or depositary shares and (v) debt securities of the Operating Partnership, which may be fully and unconditionally guaranteed by the Company and certain subsidiaries. The Registration Statement was amended on September 3, 2024 to add certain direct and indirect subsidiaries of the Company as co-registrants to the Registration Statement, since each such co-registrant may be a guarantor of some or all of the debt securities of the Operating Partnership with respect to which offers and sales are registered under the Registration Statement.
At the Market (“ATM”) Equity Program
On March 17, 2023, the Company entered into an equity distribution agreement pursuant to which we could sell, from time to time, up to an aggregate sales price of $900.0 million of our common stock through an ATM Equity Program (the “Prior ATM Equity Program”). Sales of our common stock made pursuant to the Prior ATM Equity Program could be made in negotiated transactions or transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act, including sales made directly on the NYSE, or sales made to or through a market maker other than on an exchange, or as otherwise agreed between the applicable Agent and the Company. Sales could also be made on a forward basis pursuant to separate forward sale agreements.
In August 2023, we sold 13,244,905 common shares under the Prior ATM Equity Program for net proceeds of $412.6 million. The net proceeds from sales of our common stock pursuant to the Prior ATM Equity Program were used to repay a portion of our revolver borrowings.
On November 9, 2023, we entered into an equity distribution agreement that was substantially identical to and replaced the prior equity distribution agreement, pursuant to which we may sell, from time to time, up to an additional $900.0 million of our common shares through our ATM Equity Program (the “Current ATM Equity Program”). During the year ended December 31, 2024, we did not sell any shares of our common stock under the Current ATM Equity Program.
On September 12, 2024, we completed an underwritten public offering of $500.0 million aggregate principal amount of the Company’s 5.409% notes (the “Public Senior Unsecured Notes”) due September 12, 2034. The details of this offering are further described in Note 9 - Debt to these Consolidated Financial Statements.
Termination of Certain Employee Benefit Plans
On February 28, 2023, the Company’s Board of Directors approved a plan to effect the termination of the Americold Retirement Income Plan (the “ARIP”). Additionally, on February 28, 2023, the Company amended the ARIP agreements in order to provide for a limited lump-sum window for eligible participants. On November 17, 2023, the Company and Principal Life Insurance Company (the “Insurer” or “Principal”) executed a Standard Single Premium Guaranteed Annuity Contract Purchase Agreement (the “Purchase Agreement”) by which the Insurer provides a nonparticipating single premium group annuity contract to the Company for a cash premium, to relieving the Plan Sponsor from any future payments to annuitants or beneficiaries under the ARIP. The transaction was completed and settled on November 27, 2023. The corresponding relief of the related net liability and recognition of deferred loss in "Accumulated other comprehensive loss” (AOCI) on the Consolidated Balance Sheets, coupled with the cash annuity payment of $1.3 million, resulted in the recognition of a settlement loss of $2.5 million recognized in “Acquisition, cyber incident, and other, net” on the Consolidated Statements of Operations during the year ended December 31, 2023.
Project Orion
In February 2023, we announced our transformation program “Project Orion” designed to drive future growth and achieve our long-term strategic objectives, through investment in our technology systems and business processes across our global platform. The project includes the implementation of a new, best-in-class, cloud-based enterprise resource planning (“ERP”) software system. The primary goals of this project are to streamline standard processes, reduce manual work and incrementally improve our business analytics capabilities. Highlights of the project include implementing centralized customer billing operations, a global payroll and human capital management platform, next-generation warehouse maintenance capabilities, global procurement functionality and shared-service operations in certain international regions, among others. We expect the benefits of these initiatives to include revenue and margin improvements through pricing data and analytics and heightened customer contract governance, finance and human resources cost reductions, information technology (“IT”) applications and infrastructure rationalization, reduced employee turnover, working capital efficiency and reduced IT maintenance capital expenditures. The activities associated with Project Orion are expected to be substantially complete within three years from the project’s start date. Since inception, the Company has incurred $161.4 million of implementation costs related to Project Orion, including expenses reported in “Acquisition, cyber incident, and other, net” on the Consolidated Statements of Operations and costs deferred in “Other assets” on the Consolidated Balance Sheets. The unamortized balance of the Project Orion deferred costs were $80.5 million and $43.9 million as of December 31, 2024 and 2023, respectively.
During the three months ended June 30, 2024, the Company deployed the first phase of Project Orion. The implementation costs deferred within “Other assets” on the Consolidated Balance Sheets are now being amortized through “Selling, general, and administrative” expense on the Consolidated Statements of Operations. The useful lives of the Company’s internal-use software and capitalized cloud computing implementation costs are generally three to five years. However, the useful lives of major information system installations, such as implementations of ERP systems and certain related software, are determined on an individual basis and may exceed five years depending on the estimated period of use. The Company has determined the useful life of the new ERP system to be ten years and is amortizing the costs associated with the ERP implementation on a straight line basis over such period. The amortization expense recognized during the year ended December 31, 2024 related to the Project Orion ERP implementation was $4.2 million.
Cybersecurity Incident
On April 26, 2023, the Company became aware of a cybersecurity incident impacting a certain number of our systems and partially impacting operations for a limited period of time (the “Cyber Incident”). The Company engaged an external cyber security expert to initiate responses to contain and remediate the incident, and conduct a forensic investigation. Actions taken included preventative measures such as shutting down certain operating systems, supplementing existing security monitoring with additional scanning and other protective measures. The Company also notified law enforcement and its customers, informing them of both the incident and management’s efforts to minimize its impact on the Company’s daily operations. Technology information systems were reintroduced in a controlled phased approach and all locations successfully resumed operations at pre-cyberattack levels by June 30, 2023.
As noted above, the Company engaged a leading cybersecurity defense firm that completed a forensic investigation of the incident and provided recommended actions in response to the findings. The Company has completed many of the recommended remediation activities and continues to enhance our policies and procedures meant to assess, identify, and effectively manage cybersecurity risks, threats, and incidents.
Incremental charges recorded in conjunction with remediation and response efforts associated with the Cyber Incident have been recorded net of insurance recoveries within “Acquisition, cyber incident, and other, net" in the Consolidated Statements of Operations. This amount was primarily comprised of incremental internal labor costs, professional fees, customer claims, and related insurance deductibles.
Foreign Currency Related Transactions
Exchange rate adjustments resulting from foreign currency transactions are recognized in “Net loss:” in the Consolidated Statements of Operations, whereas effects resulting from the translation of financial statements are recognized in “Unrealized net gain (loss) on foreign currency” in the Consolidated Statements of Comprehensive (Loss) Income. Assets and liabilities of subsidiaries operating outside the United States with a functional currency other than U.S. dollars are translated into U.S. dollars using period-end exchange rates and income statement accounts are translated at weighted average exchange rates.
For the years ended December 31, 2024, 2023 and 2022, the amount of foreign currency remeasurement recognized in the Consolidated Statements of Operations within “Other, net” was a gain of $8.8 million, a loss of $0.4 million and a loss of $1.0 million, respectively. The amount recognized for the year ended December 31, 2024 includes an adjustment related to our net investment hedges further described in Note 10 - Derivative Financial Instruments to these Consolidated Financial Statements.
For the years ended December 31, 2024, 2023 and 2022, the amount of foreign currency translation recognized in the Consolidated Statements of Comprehensive (Loss) Income within “Unrealized net loss on foreign currency” was a loss of $14.4 million, a loss of $4.9 million and a loss of $23.5 million, respectively.
Loss on Debt Extinguishment
During the year ended December 31, 2024, the Company purchased the 11 facilities in the Company’s lease portfolio that were previously accounted for as failed sale-leaseback financing obligations. Total cash outflows related to these purchases of $191.0 million are included within “Termination of sale-leaseback financing obligations” on the Consolidated Statements of Cash Flows for the year ended December 31, 2024.
These purchases resulted in the recognition of a $115.1 million loss on debt extinguishment during the year ended December 31, 2024. These amounts are recognized within “Loss on debt extinguishment, modifications and termination of derivative instruments” on the Consolidated Statements of Operations. Refer to Note 11 - Sale-Leasebacks of Real Estate for further details.
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Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation and Principles of Consolidation
The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”). In the opinion of management, the Consolidated Financial Statements reflect all adjustments considered necessary for a fair presentation. Significant adjustments which are not considered normal or recurring in nature have been disclosed within Note 8 - Acquisition, Cyber Incident and Other to these Consolidated Financial Statements. The accompanying Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries where the Company exerts control. Intercompany balances and transactions have been eliminated. Investments in which the Company does not have control, and is not the primary beneficiary of a Variable Interest Entity (“VIE”), but where the Company exercises significant influence over the operating and financial policies of the investee, are accounted for using the equity method of accounting.
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of (1) assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and (2) revenues and expenses during the reporting period. Actual results could differ from those estimates.
Reclassifications
As further described in Note 3 - Business Combinations, Asset Acquisitions and Discontinued Operations to these Consolidated Financial Statements, the Comfrio business met the held for sale criteria upon acquisition in 2023 and as such is presented as discontinued operations. Newly acquired businesses that meet the held for sale criteria, at the acquisition date, are classified as discontinued operations. The Company has reclassified financial results associated with the Comfrio business as discontinued operations for all periods presented. The Company successfully sold the Comfrio business in August of 2023 and the related gain on sale has been classified within discontinued operations on the Consolidated Statements of Operations.
During the year ended December 31, 2023, the Company reclassified Interest income, Gain on sale of partially owned entities, and Foreign currency exchange loss, net into “Other, net” for all periods presented on the Consolidated Statements of Operations herein.
The Consolidated Statements of Cash Flows includes various reclassifications, all within cash provided by operating activities, to conform current and prior period presentation.
During the year ended December 31, 2024, the Company reclassified Multi-employer pension plan withdrawal liability and Pension and postretirement benefit liabilities into “Other liabilities” and updated our presentation to show “Operating leases - net” and “Financing leases - net” on a net basis (instead of gross and accumulated amortization/depreciation) on the Consolidated Balance Sheets for all periods presented.
Significant Risks and Uncertainties
The Company was negatively impacted by the COVID-19 pandemic during the year ended December 31, 2022 by way of (i) the food supply chain; (ii) our customers’ production of goods; (iii) the labor market impacting associate turnover, availability and cost; and (iv) the impact of inflation on the cost to provide our services. Since then, the food supply chain has shown gradual improvements, although inflation continues to persist. The Company has mitigated the impacts of such challenges by implementing contractual rate escalations which, in part, offsets the impact of inflationary pressures and costs.
Our business was also impacted by inflation and interest rate increases during the second half of 2022 and throughout 2023.
Property, Buildings and Equipment
Property, buildings and equipment is stated at cost, less accumulated depreciation. Depreciation is computed on a straight-line basis over the estimated useful lives of the respective assets or, if less, the term of the underlying lease. Depreciation begins in the month an asset is placed into service. Useful lives range from 40 to 43 years for buildings, 5 to 20 years for building and land improvements, and 3 to 15 years for machinery and equipment. For the years ended December 31, 2024, 2023 and 2022, the Company recorded depreciation expense of $324.4 million, $316.8 million and $295.7 million, respectively. The Company periodically reviews the appropriateness of the estimated useful lives of its long-lived assets.
Costs of normal maintenance and repairs and minor replacements are charged to expense as incurred. When non-real estate assets are sold or otherwise disposed of, the cost and related accumulated depreciation are removed, and any resulting gain or loss is included in “Other, net” on the accompanying Consolidated Statements of Operations. Gains or losses from the sale of real estate assets are reported within “Net (gain) loss from sale of real estate” in the accompanying Consolidated Statements of Operations. For the years ended December 31, 2024, 2023 and 2022, the Company recorded a loss of $0.1 million, $4.0 million and $3.6 million, respectively, for the sale of non-real estate assets and real estate related asset disposals, and a gain of $3.5 million, a gain of $2.3 million and a loss of $5.7 million, respectively, from the sale of real estate assets.
Impairment of Long-Lived Assets
The Company reviews its long-lived assets for impairment when events or changes in circumstances (such as decreases in operating income, sustained declines in current and future occupancy trends or changes in the Company’s plan to use assets) indicate that the carrying amounts may not be recoverable. A comparison is made of the expected future operating cash flows of the long-lived assets on an undiscounted basis to their carrying amounts.
If the carrying amounts of the long-lived assets exceed the sum of the expected future undiscounted cash flows, an impairment charge is recognized in an amount equal to the excess of the carrying amount over the estimated fair value of the long-lived assets, which the Company calculates based on projections of future cash flows and appraisals with significant unobservable inputs classified as Level 3 of the fair value hierarchy. The Company determined that individual warehouse properties constitute the lowest level of independent cash flows for purposes of considering possible impairment.
For the years ended December 31, 2024 and 2022, the Company recorded long-lived asset impairment charges, other than impairments of customer relationships which are discussed in the Identifiable Intangible Assets section, of $21.0 million and $4.2 million, respectively, within “Impairment of indefinite and long-lived assets” on the accompanying Consolidated Statements of Operations. With the exception of goodwill impairment charges, the Company did not recognize any other impairment charges associated with long lived assets during the year ended December 31, 2023. The impairment charges recognized during the years ended December 31, 2024 and 2022 were associated with the anticipated exit of certain warehouse and transportation related operations.
Capitalization of Costs
Project costs that are clearly associated with the development of properties are capitalized as incurred. Project costs include all costs directly associated with the development of a property, including construction costs, interest, and costs of personnel working on the project. Costs that do not clearly relate to the projects under development are not capitalized and are charged to expense as incurred.
Capitalization of costs begins when the activities necessary to get the development project ready for its intended use commence, which include costs incurred before the beginning of construction. Capitalization of costs ceases when the development project is substantially complete and ready for its intended use. We generally consider a development project to be substantially complete and ready for its intended use upon receipt of a certificate of occupancy. However, our automated equipment installed in our facilities could require capitalization of costs until the related equipment is considered fully operational. If and when development of a property is suspended pursuant to a formal change in the planned use of the property, we will evaluate whether the accumulated costs exceed the estimated value of the project and write off the amount of any such excess accumulated costs. For a development project that is suspended for reasons other than a formal change in the planned use of such property, the accumulated project costs are written off. Capitalized costs are allocated to the specific components of a project that are benefited.
Lease Accounting
Arrangements wherein we are the lessee:
At the inception of a contract, we determine if the contract is or contains a lease. Leases are classified as either financing or operating based upon criteria within Accounting Standards Codification (“ASC”) 842, Leases, and a
right-of-use (“ROU”) asset and liability are established for leases with an initial term greater than 12 months. Leases with an initial term of 12 months or less, and not expected to renew beyond 12 months, are not recorded on the balance sheet.
ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at commencement date based on the present value of the lease payments over the lease term, as adjusted for prepayments, incentives and initial direct costs. ROU assets are subsequently measured at the value of the remeasured lease liability, adjusted for the remaining balance of the following, as applicable: lease incentives, cumulative prepaid or accrued rent and unamortized initial direct costs. When available, we use the rate implicit in the lease to discount lease payments to present value; however, most of our leases do not provide a readily determinable implicit rate. Therefore, we must estimate our incremental borrowing rate to discount the lease payments based on information available at lease commencement. We generally determine our incremental borrowing rate based on the estimated rate of interest for a collateralized borrowing over a similar term of the lease payments at commencement date. For all asset classes, we have elected to not separate the lease and non-lease components, which are generally limited to taxes and common area maintenance. Our lease terms may include options to extend the lease when it is reasonably certain that we will exercise such options. The depreciable lives of assets are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Depreciation expense on assets acquired under financing leases is included in “Depreciation and amortization” on the accompanying Consolidated Statements of Operations. Amortization of leased assets classified as “Operating leases - net” on the accompanying Consolidated Balance Sheets is included within cost of operations for the respective segment the asset pertains to, or within “Selling, general, and administrative” for corporate assets on the accompanying Consolidated Statements of Operations. As with other long-lived assets, ROU assets are reviewed for impairment when events or change in circumstances indicate the carrying value may not be recoverable.
In reference to certain temperature-controlled warehouses where the Company is the lessee in an acquired business, below-market and above-market leases are amortized on a straight-line basis over the remaining lease terms in a manner that adjusts lease expense to the market rate in effect as of the acquisition date.
Operating leases are included in “Operating leases - net” and “Operating lease obligations” on our Consolidated Balance Sheets. Financing lease assets are included in “Financing leases - net” and “Financing lease obligations” on our Consolidated Balance Sheets
Arrangements wherein we are the lessor:
Each new lease contract is evaluated for classification as a sales-type lease, direct financing or operating lease. A lease is a sales-type lease if any one of five criteria are met, as outlined in ASC 842 each of which indicate the lease, in effect, transfers control of the underlying asset to the lessee. If none of those five criteria are met, but two additional criteria are both met, indicating we have transferred substantially all the risks and benefits of the underlying asset to the lessee and a third party, the lease is a direct financing lease. All leases that are not sales-type or direct financing leases are operating leases. We do not currently have any sales-type or direct financing leases.
For operating leases wherein we are the lessor, we assess the probability of payments at commencement of the lease contract and subsequently recognize lease income, including variable payments based on an index or rate, over the lease term on a straight-line basis, as a component of “Rent, storage, and warehouse services”. We
continue to measure and disclose the underlying assets subject to operating leases based on our policies for application of ASC 360, Property, Plant and Equipment.
For all asset classes, we have elected to not separate the lease and non-lease components, which are generally limited to taxes and common area maintenance. Additionally, we elected a practical expedient to present all funds collected from lessees for sales and other similar taxes net of the related sales tax expense. Our lease contracts are structured in a manner to reduce risks associated with the residual value of leased assets.
Business Combinations and Asset Acquisitions
For business combinations, the excess of purchase price over the net fair value of assets acquired and liabilities assumed is recorded as goodwill. In an asset acquisition where we have determined that the cost incurred differs from the fair value of the net assets acquired, we assess whether we have appropriately determined the fair value of the assets and liabilities acquired and we also confirm that all identifiable assets have been appropriately identified and recognized. After completing this assessment, we allocate the difference on a relative fair value basis to all assets acquired except for financial assets (as defined in ASC 860, Transfers and Servicing), deferred taxes, and assets defined as “current” (as defined in ASC 210, Balance Sheet).
Whether the acquired business is being accounted for as a business combination or an asset acquisition, the determination of fair values of identifiable assets and liabilities requires estimates and the use of valuation techniques. Significant judgment is involved specifically in determining the estimated fair value of the acquired land and buildings and intangible assets. For intangible assets, we typically use the excess earnings method. Significant estimates that are more subjective and complex include the discount rate and operating margin. Significant estimates, although not necessarily highly subjective or complex, used in valuing intangible assets acquired in a business combination include, but are not limited to, revenue growth rates, customer attrition rates, operating costs, capital expenditures, tax rates and long-term growth rates. For buildings, we used a combination of methods including the cost approach to value buildings and the sales comparison approach to value the underlying land. Significant estimates used in valuing buildings and improvements acquired in a business combination include, but are not limited, to estimates of indirect costs and entrepreneurial profit, which were added to the replacement cost of the acquired assets in order to estimate their fair value in the market. Significant estimates used in valuing the land, include but are not limited to, estimating the price per acre of comparable market transactions.
Identifiable Intangible Assets
Identifiable intangible assets consist of a trade name, customer relationships, in-place lease and assembled workforce.
The Company’s trade name asset is indefinite-lived, thus, it is not amortized. The Company evaluates the carrying value of its trade name each year as of October 1, and between annual evaluations if events occur or circumstances change that would more likely than not reduce the fair value of the trade name below its carrying amount. There were no impairments to the Company’s trade name for the years ended December 31, 2024, 2023 and 2022.
Customer relationship assets are the Company’s largest finite-lived assets and are amortized over 18 to 40 years using the straight-line method, which reflects the pattern in which economic benefits of intangible assets are expected to be realized by the Company. Total intangible assets amortization expense for the years ended December 31, 2024, 2023 and 2022 was $36.4 million, $36.9 million and $35.7 million, respectively. The Company reviews these intangible assets for impairment when circumstances indicate the carrying amount may not be recoverable. For the year ended December 31, 2024, the Company recorded customer relationship asset impairment charges of $12.1 million within “Impairment of indefinite and long-lived assets” on the accompanying Consolidated Statements of Operations. The customer relationship impairment charges recognized during the year ended December 31, 2024 are associated with the anticipated exit of certain warehouse and transportation related operations. There were no impairments to customer relationship assets for the years ended December 31, 2023 and 2022.
Additional details regarding the remaining intangibles balances, which are not significant to the Company's overall policy, can be found in Note 5 - Goodwill and Intangible Assets.
Goodwill
Goodwill represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired in connection with business combinations. All acquisition-related goodwill balances are allocated amongst the Company’s reporting units based on the nature of the acquired operations that originally created the goodwill.
The Company evaluates the carrying value of goodwill each year as of October 1 and between annual evaluations if events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company may use both qualitative and quantitative approaches when testing goodwill for impairment. For selected reporting units where we use the qualitative approach, we perform a qualitative evaluation of events and circumstances impacting the reporting unit to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Based on that qualitative evaluation, if we determine it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, no further evaluation is necessary. Otherwise, we perform a quantitative impairment test. Alternatively, the Company may elect to proceed directly to the quantitative impairment test.
When quantitatively evaluating whether goodwill of a reporting unit is impaired, the Company compares the fair value of its reporting units to its carrying amounts, including goodwill. The assumptions used in the quantitative impairment test are estimates and use Level 3 inputs. The Company estimates the fair value of its reporting units using a methodology, or combination of methodologies, including a discounted cash flow analysis and/or a market-based valuation. The estimates of future cash flows are subject, but not limited to the following inputs and assumptions: revenue growth rates, operating costs and margins, capital expenditures, tax rates, long-term growth rate, and discount rates, which are affected by expectations about future market and economic conditions. The assumptions and inputs are based on risk-adjusted growth rates and discount factors accommodating multiple viewpoints that consider the full range of variability contemplated in the current and potential future economic situations. The market-based multiples approach assesses the financial performance and market values of other market-participant companies. If the estimated fair value of each of the reporting units exceeds the corresponding carrying value, no impairment of goodwill exists. If the reporting unit carrying value exceeds the reporting unit fair value an impairment charge is recorded for the difference between fair value and carrying value, limited to the amount of goodwill in the reporting unit. As of October 1, 2024, our reporting units which had a goodwill balance included the following: North America warehouse, North America transportation, and Asia-Pacific warehouse. The results of our 2024 impairment test for our reporting units indicated that the estimated fair value of each of
our reporting units was in excess of the corresponding carrying amount as of October 1, and no impairment of goodwill existed.
Goodwill Impairment in Prior Years
As of October 1, 2023, as a result of its annual evaluation, the Company determined its goodwill within the Europe warehouse reporting unit, a component of the warehouse operating segment, was fully impaired. Accordingly, the Company recognized a goodwill impairment loss of $236.5 million within “Impairment of indefinite and long-lived assets” in the Consolidated Statements of Operations during the year ended December 31, 2023. Factors that led to this conclusion included i) the impact of historic and sustained increases in inflation and interest rates on the reporting unit’s weighted average costs of capital which was beyond the Company’s control, ii) inability to achieve local operating results at historical underwritten values, and iii) increased tax rates applicable in the related European jurisdictions. The Company engaged the assistance of a third-party valuation firm to perform the goodwill quantitative impairment test, which included an assessment of the Europe Warehouse reporting unit’s fair value relative to the carrying value that was derived using the income approach. The assumptions used in the quantitative impairment test were estimates and used Level 3 inputs. The estimation of the net present value of future cash flows was based upon varying economic assumptions, including assumptions such as revenue growth rates, operating costs and margins, capital expenditures, tax rates, long-term growth rates and discount rates. Of these assumptions, the discount rates were the most subjective and/or complex. These assumptions were based on risk-adjusted discount factors accommodating viewpoints that consider the full range of variability contemplated in the current and potential future economic situations. There is no remaining goodwill related to the Europe warehouse reporting unit following this impairment.
In 2022, the Company strategically shifted its focus to the core warehouse portfolio, terminating and winding down business with one of the largest customers in the North America third-party managed reporting unit resulting in a goodwill impairment charge of $3.2 million. There is no remaining goodwill related to the North America third-party managed reporting unit following this impairment, as the remaining business was immaterial.
Cash, Cash Equivalents and Restricted Cash
Cash and cash equivalents consist of cash on hand, demand deposits, and short-term liquid investments purchased with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value. Restricted cash relates to cash on deposit and cash restricted for the payment of certain cash on deposit for certain workers’ compensation programs and cash collateralization of certain rental and performance bonds.
Accounts Receivable
Accounts receivable are recorded at the invoiced amount. The Company periodically evaluates the collectability of amounts due from customers and maintains an allowance for doubtful accounts for estimated amounts uncollectible from customers. Management exercises judgment in establishing these allowances and considers the balance outstanding, payment history, expectations of any future losses over the contractual life, and current credit status in developing these estimates. Specific accounts are written off against the allowance when management determines the account is uncollectible.
The following table provides a summary of activity of the allowance for doubtful accounts:
Balance at beginning of yearChange in reserve due to the provisionChange in reserve due to the interest adjustmentAmounts written off, net of recoveriesBalance at end of year
(In thousands)
Year ended December 31, 2024
$21,647 7,633 1,771 (6,625)$24,426 
Year ended December 31, 2023
$15,951 6,422 6,296 (7,022)$21,647 
The Company records interest on delinquent billings in “Other, net” on the accompanying Consolidated Statements of Operations when collected.
Deferred Financing Costs
Direct financing costs are deferred and amortized over the terms of the related agreements as a component of “Interest expense” in the accompanying Consolidated Statements of Operations. The Company amortizes such costs based on the effective interest rate or on a straight-line basis, if the difference between the two methods is considered otherwise immaterial. Deferred financing costs related to revolving lines of credit are classified as Other assets, whereas deferred financing costs related to debt are offset against the related principal balances in the accompanying Consolidated Balance Sheets.
Variable Interest Entities (“VIEs”)
We are party to VIEs that are immaterial to our Consolidated Financial Statements. During 2022, we recognized a gain of $3.4 million within “Other, net” on the Consolidated Statements of Operations upon extinguishment of New Market Tax Credit (“NMTC”) agreements which were dissolved immediately following the conclusion of the seven-year compliance period during which the tax credits were recognized.
Revenue Recognition
Revenues for the Company include rent, storage and warehouse services (collectively, Warehouse Revenues), transportation services (Transportation Revenues) and third-party managed services for locations or logistics services managed on behalf of customers (Third-Party Managed Revenues). The Company made an accounting policy election to exclude from the measurement of the transaction price all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the entity from a customer (e.g., sales, use, value added and some excise taxes).
Warehouse Revenues
The Company’s customer arrangements generally include rent, storage and service elements that are priced separately. Revenues from storage and handling are recognized over the period consistent with the transfer of the service to the customer. Revenues from warehouse services are recognized at the point in time the services are performed. Multiple contracts with a single counterparty are accounted for as separate arrangements.
Transportation Revenues
The Company records transportation revenues and expenses upon delivery of the product. Since the Company is the principal in the arrangement of transportation services for its customers, revenues and expenses are presented on a gross basis. 
Third-Party Managed Revenues
The Company provides management services for which the contract compensation arrangement includes: reimbursement of operating costs, management fees, and contingent performance-based fees (Managed Services). Managed Services fixed fees are recognized as revenues as the management services are performed ratably over the service period. Managed Services performance-based fees are recognized ratably over the service period based on the likelihood of achieving performance targets.
Cost reimbursements related to Managed Services arrangements are recognized as revenues as the services are performed and costs are incurred. Managed Services fees and related cost reimbursements are presented on a gross basis as the Company is the principal in the arrangement. Multiple contracts with a single counterparty are accounted for as separate arrangements.
Income Taxes
The Company operates in a manner intended to enable it to continue to qualify as a REIT under Sections 856-860 of the Code. Under those sections, a REIT that distributes at least 100% of its REIT taxable income, as defined in the Code, as a dividend to its stockholders each year and that meets certain other conditions will not be taxed on that portion of its taxable income that is distributed to its stockholders for U.S. federal income tax purposes. Through cash dividends, the Company, for tax purposes, has distributed an amount equal to or greater than its REIT taxable income for the years ended December 31, 2024, 2023 and 2022. For all periods presented, the Company has met all the requirements to qualify as a REIT. Thus, no provision for federal income taxes was made for the years ended December 31, 2024, 2023 and 2022, except as needed for the Company’s U.S. Taxable REIT Subsidiaries (TRSs), and for the Company’s foreign entities. To qualify as a REIT, an entity cannot have at the end of any taxable year any undistributed earnings and profits that are attributable to a non-REIT taxable year (undistributed E&P). The Company believes that it had no undistributed E&P as of December 31, 2024. However, to the extent there is a determination (within the meaning of Section 852(e)(1)) of the Code that the Company has undistributed earnings and profits (as determined for U.S. federal income tax purposes) accumulated (or acquired from another entity) from any taxable year in which the Company (or any other entity that converts to a Qualified REIT Subsidiary (QRS) that was acquired during the year) was not a REIT or a QRS, the Company will take all necessary steps to permit the Company to avoid the loss of its REIT status, including, but not limited to: 1) within the 90-day period beginning on the date of the determination, making one or more qualified designated distributions (within the meaning of the Section 852(e)(2)) of the Code in an amount not less than such undistributed earnings and profits over the interest payable under section 852(e)(3) of the Code; and 2) timely paying to the IRS the interest payable under Section 852(e)(3) of the Code resulting from such a determination.
If the Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income taxes at regular corporate rates and may not be able to qualify as a REIT for the four subsequent taxable years. Even as a REIT, it may be subject to certain state and local income and franchise taxes, and to U.S. federal income and excise taxes on undistributed taxable income and on certain built-in gains.
The Company has elected TRS status for certain wholly-owned subsidiaries. This allows the Company to provide services at those consolidated subsidiaries that would otherwise be considered impermissible for REITs. Many of the foreign countries in which we have operations do not recognize REITs or do not grant REIT status under their respective tax laws to our entities that operate in their jurisdiction. Accordingly, the Company recognizes income tax expense for the U.S. federal and state income taxes incurred by the TRSs, taxes incurred in certain U.S. states and foreign jurisdictions, and interest and penalties associated with unrecognized tax benefit liabilities, as applicable.
Common share dividends are characterized for U.S. federal income tax purposes as ordinary income, qualified dividends, capital gains, non-taxable income return of capital, or a combination of the four. Common share dividends that exceed current and accumulated earnings and profits (calculated for tax purposes) constitute a return of capital rather than a dividend and generally reduce the stockholder’s basis in the common share. At the beginning of each year, we notify our stockholders of the taxability of the common share dividends paid during the preceding year. The payment of common share dividends is dependent upon our financial condition, operating results, and REIT distribution requirements and may be adjusted at the discretion of the Company’s Board of Directors. The composition of the Company’s distributions per common share for each year presented is as follows:
Common Shares
202420232022
Ordinary income
70 %66 %41 %
Capital gains
0 %0 %0 %
Return of capital
30 %34 %59 %
100 %100 %100 %
Taxable REIT Subsidiary
The Company has elected to treat certain of its wholly owned subsidiaries as TRSs. A TRS is subject to U.S. federal and state income taxes at regular corporate tax rates. Thus, income taxes for the Company’s TRSs are accounted for using the asset and liability method, under which deferred income taxes are recognized for (i) temporary differences between the financial reporting and tax bases of assets and liabilities and (ii) operating loss and tax credit carryforwards based on enacted tax rates expected to be in effect when such amounts are realized or settled.
The Company records a valuation allowance for deferred tax assets when it estimates that it is more likely than not that future taxable income will be insufficient to fully use a deduction or credit in a specific jurisdiction. In assessing the need for the recognition of a valuation allowance for deferred tax assets, we consider whether it is more likely than not that some portion, or all, of the deferred tax assets will not be realized and adjust the valuation allowance accordingly. We evaluate all significant available positive and negative evidence as part of our analysis. Negative evidence includes the existence of losses in recent years. Positive evidence includes the forecast of future taxable income by jurisdiction, tax-planning strategies that would result in the realization of deferred tax assets, reversal of existing deferred tax liabilities, and the presence of taxable income in prior carryback years. The underlying assumptions we use in forecasting future taxable income require significant judgment and take into account our recent performance. The ultimate realization of deferred tax assets depends on the generation of future taxable income during the periods in which temporary differences are deductible or creditable.
The Company accrues liabilities when it believes that it is more likely than not that it will not realize the benefits of tax positions that it has taken in its tax returns or for the amount of any tax benefit that exceeds the cumulative
probability threshold in accordance with ASC 740-10, Uncertain Tax Positions. The Company recognizes interest and penalties related to unrecognized tax benefits within “Income tax (expense) benefit” in the accompanying Consolidated Statements of Operations.
The Organization for Economic Co-operation and Development (“OECD”) has proposed a global minimum tax of 15% of reported profits (Pillar 2) that has been agreed upon in principle by over 140 countries. During 2023, many countries incorporated Pillar 2 model rules into their laws. The model rules provide a framework for applying the minimum tax and some countries have adopted Pillar 2 effective January 1, 2024; however, countries must individually enact Pillar 2 which may result in variation in the application of the model rules and timelines. There was no material impact to our Consolidated Financial Statements from this Pillar Two provision during the year ended December 31, 2024. We will continue to monitor both U.S. and international legislative developments related to Pillar Two to assess for any potential impacts.
Pension and Post-Retirement Benefits
The Company has defined benefit pension plans that cover certain union and nonunion associates. The Company also participates in multi-employer union defined benefit pension plans under collective bargaining agreements for certain union associates. The Company also has a post-retirement benefit plan to provide life insurance coverage to eligible retired associates. The Company also offers defined contribution plans to all of its eligible associates. Contributions to multi-employer union defined benefit pension plans are expensed as incurred, as are the Company’s contributions to the defined contribution plans. For the defined benefit pension plans and the post-retirement benefit plan, an asset or a liability is recorded in the Consolidated Balance Sheets equal to the funded status of the plan, which represents the difference between the fair value of the plan assets and the projected benefit obligation at the consolidated balance sheet date. The Company utilizes the services of a third-party actuary to assist in the assessment of the projected benefit obligation at each measurement date. Certain changes in the value of plan assets and the projected benefit obligation are not recognized immediately in earnings but instead are deferred and recorded in “Adjustment to accrued pension liability” in the accompanying Consolidated Statements of Comprehensive (Loss) Income and amortized to earnings in future periods.
Foreign Currency Gains and Losses
The local currency is the functional currency for the Company’s operations in Australia, Canada, Chile, New Zealand, Argentina, Poland, United Kingdom, and Eurozone countries. For these operations, assets and liabilities are translated at the rates of exchange on the consolidated balance sheet date, while income and expense items are translated at average rates of exchange during the period. The resulting gains or losses arising from the translation of accounts from the functional currency into U.S. dollars are included as a separate component of equity in “Accumulated other comprehensive loss” until a partial or complete liquidation of the Company’s net investment in the foreign operation.
From time to time, the Company’s foreign operations may enter into transactions that are denominated in a currency other than their functional currency. These transactions are initially recorded in the functional currency of the subsidiary based on the applicable exchange rate in effect on the date of the transaction. On a monthly basis, these transactions are remeasured to an equivalent amount of the functional currency based on the applicable exchange rate in effect on the remeasurement date. Any adjustment required to remeasure a transaction to the equivalent amount of functional currency is recorded within “Other, net” in the accompanying Consolidated Statements of Operations.
Foreign currency transaction gains and losses on the remeasurement of short-term intercompany loans denominated in currencies other than a subsidiary’s functional currency are recognized as a component of
“Foreign currency exchange (gain) loss” within “Other, net” in the accompanying Consolidated Statements of Operations, except to the extent that the transaction is effectively hedged. For loans that are effectively hedged, the transaction gains and losses on remeasurement are recorded to Unrealized net loss on foreign currency in the accompanying Consolidated Statements of Comprehensive (Loss) Income. Refer to Note 10 - Derivative Financial Instruments for further details. Foreign currency transaction gains and losses resulting from the remeasurement of long-term intercompany loans denominated in currencies other than a subsidiary’s functional currency are recorded in “Unrealized net gain (loss) on foreign currency” on the accompanying Consolidated Statements of Comprehensive (Loss) Income.
Certain foreign denominated debt instruments have been designated as a hedge of our net investment in the international subsidiaries which were funded. The remeasurement of these instruments is recorded in “Unrealized net gain (loss) on foreign currency” on the accompanying Consolidated Statements of Comprehensive (Loss) Income. Refer to Note 10 - Derivative Financial Instruments for further details.
Recent Accounting Pronouncements
In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2024-03, Income Statement –Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This ASU requires an entity to disclose the amounts of employee compensation, depreciation, and intangible asset amortization included in each relevant expense caption. It also requires an entity to include certain amounts that are already required to be disclosed under current GAAP in the same disclosure. Additionally, it requires an entity to disclose a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, and to disclose the total amount of selling expenses and, in annual reporting periods, an entity’s definition of selling expenses. The amendments in the ASU are effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. An entity may apply the amendments prospectively for reporting periods after the effective date or retrospectively to any or all prior periods presented in the financial statements. We are currently evaluating when we will adopt the ASU and the impacted on our Consolidated Financial Statements and the related footnote disclosures.
In March 2024, the Securities and Exchange Commission (the “SEC”) adopted the final rules that will require certain climate-related information in registration statements and annual reports. In April 2024, the SEC voluntarily stayed the new rules as a result of pending legal challenges. The new rules include a requirement to disclose material climate-related risks, descriptions of board oversight and risk management activities, the material impacts of these risks on a registrants’ strategy, business model and outlook, and any material climate-related targets or goals, as well as material effects of severe weather events and other natural conditions and greenhouse gas emissions. Prior to the stay, the new rules would have been effective for annual periods beginning January 1, 2025, except for the greenhouse gas emissions disclosure which would have been effective for annual periods beginning January 1, 2026. The Company is currently evaluating the impact of these rules on its disclosures.
In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in ASU 2023-09 provide for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for the Company prospectively to all annual periods beginning after December 15, 2024. The Company is currently evaluating the impact of this standard on our disclosures for 2025.
In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which enhances the disclosures required for operating segments in the Company's annual and interim Consolidated and or Condensed Consolidated Financial Statements. We adopted this standard effective January 1, 2024 for annual reporting and applied the disclosure requirements retrospectively to all prior periods presented in Note 20 - Segment Information of this Annual Report on Form 10-K. The adoption of ASU 2023-07 did not have a material impact on our financial position or results of operations. Refer to Note 20 - Segment Information for details of changes made to our Form 10-K herein.
All other new accounting pronouncements that have been issued, but not yet effective are currently being evaluated and at this time are not expected to have a material impact on our financial position or results of operations.
v3.25.0.1
Business Combinations, Asset Acquisitions and Discontinued Operations
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Business Combinations, Asset Acquisitions and Discontinued Operations Business Combinations, Asset Acquisitions and Discontinued Operations
Acquisitions Completed During 2023
Acquisition of Safeway
On October 5, 2023, the Company completed the acquisition of Safeway, which is a temperature-controlled warehouse located in Southern New Jersey for total consideration of $24.0 million. New Jersey is a strategic market for Americold where we own 15 facilities, and this acquisition complements the Company’s existing portfolio in this market. This transaction was accounted for as an asset acquisition. The Company allocated the consideration or cost of the asset acquisition based on the relative fair values of the assets acquired and liabilities assumed using the principles of ASC 805 and ASC 820, including $4.4 million of land, $13.0 million of building and improvements, $5.2 million of machinery and equipment, $1.0 million of cash, $0.7 million of accounts receivable, and $0.5 million of other assets. As this transaction was accounted for as an asset acquisition, no goodwill was recorded. The finalized fair values of the assets acquired, liabilities assumed and the related acquisition accounting are based on management’s estimates and assumptions, as well as other information compiled by management including information from prior valuations of similar entities and the books and records of Safeway.
Acquisition of Ormeau Cold Store
On July 7, 2023 the Company completed the acquisition of Ormeau, which operates a single facility located in Northern NSW, Australia for total consideration of A$35.1 million, or $23.5 million, based on the exchange rate between the AUD and USD on the closing date of the transaction. The acquisition accounting related to the consideration transferred primarily included assigning the fair values of the assets acquired including $3.6 million of land, $15.0 million of buildings and improvements, and $5.0 million of machinery and equipment, all of which are allocated to the Warehouse segment. This transaction was accounted for as an asset acquisition, therefore no goodwill was recognized. The finalized fair values of the assets acquired, liabilities assumed and the related acquisition accounting are based on management’s estimates and assumptions, as well as other information compiled by management including information from prior valuations of similar entities and the books and records of Ormeau.
Purchase of Comfrio Joint Venture
In connection with the 2020 Agro acquisition, the Company acquired 22% of equity ownership in Comfrio. The remaining interests were held by the general partner and two minority shareholders. The JV agreement included a fair value call/put option which would allow the remaining 78% interest in Comfrio to be either purchased by or sold to the Company through either the exercise of the Company’s call option or the exercise of the general partner’s put option. Once the exercise of the put was deemed probable, the Company remeasured the fair value of the put option, which resulted in a loss of $56.6 million. The fair value of the put option was determined using inputs classified as Level 3 within the fair value hierarchy. In April 2023, the two parties received regulatory approval from the Brazilian government, and the acquisition closed on May 30, 2023 (the “Acquisition Date”). Total consideration paid was $56.6 million, of which $46.7 million was funded during the year ended December 31, 2023. Prior to the Acquisition Date, the Company’s 22% equity interest was accounted for as an equity method investment. Given the financial condition of the acquiree, the Company remeasured its interest and determined no gain or loss should be recognized upon the closing of the acquisition.
The final asset and liability fair values associated with the acquisition were each $87.0 million, including measurement period adjustments recorded during the year ended December 31, 2023. The final fair values of the assets acquired and liabilities assumed are based on management’s estimates and assumptions, as well as other information compiled by management, including information from prior valuations of similar entities and the books and records of Comfrio. Given the financial condition of Comfrio, the Company, in collaboration with the third party valuation specialist, determined that the liquidation valuation approach was most appropriate to measure the fair value of the assets and liabilities of Comfrio. Accordingly, the Company determined the fair values of the assets and liabilities acquired based on what was determined to be recoverable if Comfrio were liquidated.
Upon acquisition, the Company committed to a plan to sell Comfrio in its present condition and initiated a program to locate a buyer and complete the disposition. As Comfrio was a newly acquired business that met the held-for-sale criteria upon acquisition, the Company classified the associated assets acquired and liabilities assumed as held for sale and the operations as discontinued operations. In August of 2023, the Company sold the assets and liabilities of Comfrio. The corresponding proceeds and gain related to the sale were insignificant.
The primary components of the loss from discontinued operations for the years ended December 31, 2023 and 2022 are included in the table below. There were no discontinued operations during the year ended December 31, 2024.
Years Ended December 31,
20232022
Results of discontinued operations
(In thousands)
Revenues$29,471 $— 
Operating expenses 32,088 — 
Estimated costs of disposal 4,616 — 
Loss from partial investment pre-acquisition4,111 8,382 
Gain from sale of Comfrio (1,082)— 
Pre-tax loss(10,262)(8,382)
Income tax expense (191)— 
Loss from discontinued operations, net of tax
$(10,453)$(8,382)
During the fourth quarter of 2022, the Company entered into a loan agreement with Comfrio, in which Comfrio borrowed $25.0 million from Americold (of which $15.0 million was borrowed during the first quarter of 2023) at a 10% annual fixed interest rate. During the year ended December 31, 2023, the Company fully impaired the outstanding balance, which was recorded in “Impairment of related party loan receivable” on the Consolidated Statements of Operations.
Acquisition Completed During 2022
Acquisition of De Bruyn Cold Storage
On July 1, 2022, the Company completed the acquisition of De Bruyn Cold Storage (“De Bruyn”) which operates a single facility located in Tasmania, Australia for total consideration of A$23.5 million, or $16.0 million, based on the exchange rate between the AUD and USD on the closing date of the transaction. The acquisition accounting related to the consideration transferred primarily included assigning the fair values of the assets acquired and liabilities assumed including $1.0 million of land, $8.2 million of buildings and improvements, $3.7 million of machinery and equipment, and $3.1 million of goodwill, all of which are allocated to the Warehouse segment. The finalized fair values of the assets acquired, liabilities assumed and the related acquisition accounting are based on management’s estimates and assumptions, as well as other information compiled by management, including information from prior valuations of similar entities and the books and records of De Bruyn. We have included the financial results of the acquired operations in our Warehouse segment since the date of the acquisition.
v3.25.0.1
Investments in and Advances to Partially Owned Entities
 12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Investments in and Advances to Partially Owned Entities Investments in and Advances to Partially Owned Entities
As of December 31, 2024 and 2023, our investments in partially owned entities accounted for under the equity method of accounting and advances to these entities under established loan agreements consist of the following:
As of December 31,
Joint VentureLocation% Ownership20242023
(In thousands)
Investment in SuperFrioBrazil14.99%$22,498 $32,350 
Investment in RSADubai49%5,296 4,073 
Advances to RSA, including accrued interest
12,458 1,690 
Total investment in and advances to RSA17,754 5,763 
Total investments in and advances to partially owned entities
$40,252 $38,113 
The debt of each of these unconsolidated joint ventures is non-recourse to the Company, except for customary exceptions pertaining to such matters as intentional misuse of funds, environmental conditions and material misrepresentations.
SuperFrio Joint Venture
During 2020, the Company purchased a 14.99% equity interest in a joint venture with SuperFrio Armazéns Gerais S.A. (“SuperFrio”) for Brazil reals of R$117.8 million. Including certain transaction costs, the Company recorded an initial investment of USD $25.7 million in this joint venture. SuperFrio is a Brazilian-based company that provides temperature-controlled storage and logistics services including storage, warehouse services, and transportation.
During 2021, the Company contributed an aggregate R$40.7 million, or USD $7.6 million, in capital to the SuperFrio joint venture. The capital calls from SuperFrio were issued to each owner based on their ownership percentage, therefore, the Company’s ownership percentage remained unchanged. There were no material
amounts contributed to the SuperFrio joint venture during 2024, 2023 and 2022, and no further contributions are expected at this time.
The Company’s investment in the SuperFrio joint venture is carried in Brazil reals; changes in the investment balance, other than capital contributions, are attributable to the Company’s share of the joint venture’s earnings and losses, as well as foreign currency translation adjustments.
RSA Joint Venture
On February 28, 2023, the Company purchased a 49% equity interest in a joint venture with RSA Cold Holdings Limited (“RSA”) for $4.0 million. RSA contributed their Dubai cold storage business, which consisted of a single cold storage warehouse, in exchange for the remaining 51% equity interest in the joint venture. During 2024, the Company contributed an additional $1.6 million in capital to the RSA joint venture related to equity requirements on the Phase 2 development project. The capital calls from RSA were issued to each owner based on their ownership percentage, therefore, the Company’s ownership percentage remained unchanged.
Under the terms of the RSA joint venture agreement, the Company has a call right that enables it to purchase all remaining issued and outstanding shares of the RSA joint venture starting August 28, 2025, with the exercise price to be set as the fair market value of the shares on the exercise date.
In September 2023, the Company executed an interest-bearing Bridge Loan Agreement with the RSA joint venture, extending a short-term financing (i.e., unsecured credit facility) through which the joint venture could draw up to approximately $7.4 million and use it to fund its Phase 2 construction. In April 2024, the Company executed an additional, interest-free Bridge Loan Agreement (collectively the “Bridge Loans”) through which the joint venture can draw up to approximately $34.9 million and use it to fund its Phase 3 construction.
The outstanding balance on the Bridge Loans, including interest, as of December 31, 2024 and 2023 was $12.5 million and $1.7 million, respectively.
Comfrio Joint Venture
As a result of the Agro acquisition which closed on December 30, 2020, the Company acquired Agro’s 22% share of ownership in Comfrio. During the year ended December 31, 2023, the Company both purchased and subsequently sold the remaining interest in the joint venture. Refer to Note 3 - Business Combinations, Asset Acquisitions and Discontinued Operations for further information regarding the acquisition and disposition of the Comfrio portfolio.
Latin America Joint Venture
On May 31, 2022, we formed the LATAM JV in an effort to help us grow our business and market presence in the Latin America region, excluding Brazil. Our JV partner committed to invest approximately $209.0 million in exchange for 85% of the total equity interest, and we contributed our Chilean business upon formation of the joint venture and retained the remaining 15% equity interest. As a result of this transaction, we recognized a loss of approximately $4.1 million within “Other, net” on the Consolidated Statements of Operations (net of accumulated foreign currency translation loss related to the Chilean business) upon the deconsolidation of this entity and subsequent recognition of our subsidiary’s 15% equity interest in the LATAM JV at its estimated fair value of $37.0 million.
On May 30, 2023, the Company sold its 15% equity interest to the LATAM JV partner for total proceeds of $36.9 million and recognized a corresponding gain of $0.3 million in “Other, net” on the Consolidated Statements of Operations.
v3.25.0.1
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The changes in the carrying amount of the Company’s goodwill by reportable segment for the years ended December 31, 2024 and 2023 are as follows:

WarehouseTransportationTotal
(In thousands)
December 31, 2022$989,286 $44,351 $1,033,637 
Purchase price allocation adjustments
(4,348)— (4,348)
Goodwill impairment
(236,515)— (236,515)
Impact of foreign currency translation
1,230 — 1,230 
December 31, 2023749,653 44,351 794,004 
Impact of foreign currency translation
(9,962)— (9,962)
December 31, 2024$739,691 $44,351 $784,042 
Refer to Note 2 - Summary of Significant Accounting Policies for additional information regarding the goodwill impairment charges recorded during the year ended December 31, 2023.
Intangible assets, other than goodwill, are as follows as of December 31, 2024 and 2023:

December 31, 2024December 31, 2023
Intangible assetGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(In thousands)
Customer relationships
$996,419 $(173,032)$823,387 $1,023,107 $(141,078)$882,029 
In-place lease and assembled workforce475 (279)196 4,254 (3,946)308 
Trade name 16,700 (1,623)15,077 16,700 (1,623)15,077 
Total intangible assets, other than goodwill$1,013,594 $(174,934)$838,660 $1,044,061 $(146,647)$897,414 
The change in the gross carrying amount for Customer relationships from December 31, 2023 to December 31, 2024 is due to foreign exchange rate movements and an impairment charge of $12.1 million associated with the anticipated exit of certain warehouse and transportation related operations. The change in the gross carrying amount for In-place lease and assembled workforce from December 31, 2023 to December 31, 2024 is due to the write-off of the fully amortized In-place lease intangibles of $3.8 million.
The Company’s Trade name is an indefinite-lived intangible.
Amortization expense for the years ended December 31, 2024, 2023 and 2022 was $36.4 million, $36.9 million and $35.7 million, respectively.
The estimated amortization for each of the next five years for the Customer relationships and Assembled workforce intangibles on a combined basis is approximately $36.0 million and approximately $643.6 million thereafter, based on foreign exchange rates as of December 31, 2024. The weighted average remaining useful life is 25 years and 1.8 years for Customer relationships and Assembled workforce, respectively, as of December 31, 2024.
Refer to Note 2 - Summary of Significant Accounting Policies for additional information regarding the intangible asset impairment charges recorded during the year ended December 31, 2024.
v3.25.0.1
Other Assets
 12 Months Ended
Dec. 31, 2024
Other Assets [Abstract]  
Other Assets Other Assets
Other assets as of December 31, 2024 and 2023 are as follows:
As of December 31,
20242023
(In thousands)
Capitalized costs related to Project Orion, net of accumulated amortization$80,487 $43,948 
Prepaid accounts44,402 40,942 
Fair value of derivatives29,868 15,480 
Reimbursement receivable24,609 23,483 
Value added tax receivable19,063 17,339 
Inventory and supplies7,427 7,236 
Other85,374 45,650 
Total other assets
$291,230 $194,078 
v3.25.0.1
Accounts Payable and Accrued Expenses
 12 Months Ended
Dec. 31, 2024
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses Accounts Payable and Accrued Expenses
Accounts payable and accrued expenses as of December 31, 2024 and 2023 are as follows:
As of December 31,
20242023
(In thousands)
Trade payables$221,641 $201,094 
Accrued payroll and employee benefits90,513 107,663 
Dividends payable64,032 63,564 
Accrued warehouse expenses42,032 43,702 
Accrued interest36,222 28,399 
Accrued workers' compensation expenses35,944 33,030 
Value added tax payable 18,947 16,772 
Other accrued expenses94,080 74,540 
Total accounts payable and accrued expenses
$603,411 $568,764 
v3.25.0.1
Acquisition, Cyber Incident and Other, Net
 12 Months Ended
Dec. 31, 2024
Acquisition, Litigation and Other Special Charges [Abstract]  
Acquisition, Cyber Incident and Other, Net Acquisition, Cyber Incident, and Other, Net
The components of the charges included in “Acquisition, cyber incident, and other, net” in our Consolidated Statements of Operations are as follows:
Years Ended December 31,
202420232022
Acquisition, cyber incident, and other, net
(In thousands)
Project Orion expenses$58,187 $13,929 $3,945 
Severance costs11,710 11,668 6,530 
Acquisition and integration related costs9,833 5,094 20,073 
Other, net2,649 2,058 19 
Cyber incident related costs, net of insurance recoveries(5,210)28,877 (2,210)
Pension plan termination charges— 2,461 — 
Terminated site operations costs— — 4,154 
Total acquisition, cyber incident, and other, net
$77,169 $64,087 $32,511 
Project Orion expenses represent the non-capitalizable portion of our Project Orion costs. This project is an investment in and transformation of our technology systems, business processes and customer solutions. The first phase of Project Orion was deployed during the second quarter of 2024. Refer to Note 1 - Description of the Business for further details on the overall project and related amortization of deferred project costs.
Severance costs represent certain contractual and negotiated severance and separation costs from exited former executives, reduction in headcount due to synergies achieved through acquisitions or operational efficiencies and reduction in workforce costs associated with exiting or selling non-strategic warehouses or businesses.
Acquisition and integration related costs include costs associated with business transactions, whether consummated or not, such as advisory, legal, accounting, valuation and other professional or consulting fees. We also include integration costs pre- and post-acquisition that reflect work being performed to facilitate merger and acquisition integration, such as work associated with information systems and other projects including spending to support future acquisitions, and primarily consist of professional services. We consider acquisition related costs to be corporate costs regardless of the segment or segments involved in the transaction. Refer to Note 3 - Business Combinations, Asset Acquisitions and Discontinued Operations for further information regarding acquisitions completed in 2023 and 2022.
Cyber incident related costs, net of insurance recoveries, represent the receipt of business interruption insurance proceeds and incremental costs associated with cyber incidents that occurred in November 2020 and more recently in April 2023, which is further described in Note 1 - Description of the Business.
Pension plan termination charges represent costs incurred when the Company terminated the Americold Retirement Income Plan (“ARIP”) during the year ended December 31, 2023, resulting in the recognition of a $2.5 million settlement loss. Refer to Note 1 - Description of the Business for additional information.
Terminated site operations costs relate to repair expenses incurred to return leased sites to their original physical state at lease inception in connection with the termination of the applicable underlying lease. Additionally, terminated site operations costs include those incurred to wind down operations at recently sold facilities. These terminations were part of our strategic efforts to exit or sell non-strategic warehouses as opposed to ordinary
course lease expirations. Repair and maintenance expenses associated with our ordinary course operations are reflected within “Rent, storage, and warehouse services cost of operations” on the Consolidated Statements of Operations.
v3.25.0.1
Debt
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Debt Debt
The following table reflects a summary of our outstanding indebtedness, at carrying amount, as of December 31, 2024 and 2023:
December 31, 2024December 31, 2023
(In thousands)
Senior Unsecured Notes$2,226,524 $1,777,925 
Senior Unsecured Term Loans818,820 833,775 
Senior Unsecured Revolving Credit Facility255,052 392,156 
Total principal amount of indebtedness$3,300,396 $3,003,856 
Less: unamortized deferred financing costs
(13,882)(10,578)
Total indebtedness, net of deferred financing costs
$3,286,514 $2,993,278 
The following table provides the details of our Senior Unsecured Notes:
December 31, 2024December 31, 2023
Stated Maturity DateContractual Interest RateBorrowing CurrencyCarrying Amount (USD)Borrowing CurrencyCarrying Amount (USD)
(In thousands, except percentages)
Private Series A Notes01/20264.68%$200,000 $200,000 $200,000 $200,000 
Private Series B Notes01/20294.86%$400,000 400,000 $400,000 400,000 
Private Series C Notes01/20304.10%$350,000 350,000 $350,000 350,000 
Private Series D Notes01/20311.62%€400,000 414,146 €400,000 441,560 
Private Series E Notes01/20331.65%€350,000 362,378 €350,000 386,365 
Public 5.409% Notes09/2034
5.41%
$500,000 500,000 $— — 
Total Senior Unsecured Notes
$2,226,524 $1,777,925 
The following table provides the details of our Senior Unsecured Term Loans:
December 31, 2024December 31, 2023
Stated Maturity Date(2)
Contractual Interest Rate(1)
Borrowing CurrencyCarrying Amount (USD)
Contractual Interest Rate(1)
Borrowing CurrencyCarrying Amount (USD)
(In thousands, except percentages)
Tranche A-108/2025
SOFR + 0.94%
$375,000 $375,000 
SOFR + 0.94%
$375,000 $375,000 
Tranche A-201/2028
CORRA + 0.94%
C$250,000 173,820 
CDOR + 0.94%
C$250,000 188,775 
Delayed Draw Tranche A-301/2028
SOFR + 0.94%
$270,000 270,000 
SOFR + 0.94%
$270,000 270,000 
Total Senior Unsecured Term Loans
$818,820 $833,775 
(1)SOFR = one-month Adjusted Term SOFR; CORRA = adjusted daily CORRA. Tranche A-1 and Tranche A-3 SOFR includes an adjustment of 0.10% in addition to the margin. Tranche A-2 CORRA includes an adjustment of 0.30% in addition to the margin. Our Canadian dollar borrowings previously bore interest tied to one-month CDOR. Refer to Note 10 - Derivative Financial Instruments for details of the related interest rate swaps.
(2)The terms of the debt agreement for Tranche A-1 include an option for two 12-month extensions past the contractual maturity date in August of 2025.
The following table provides the details of our Senior Unsecured Revolving Credit Facility:
December 31, 2024December 31, 2023
Denomination of Draw
Contractual Interest Rate (1)
Borrowing CurrencyCarrying Amount (USD)
Contractual Interest Rate(1)
Borrowing CurrencyCarrying Amount (USD)
(In thousands, except percentages)
U.S. dollar
SOFR + 0.84%
$14,000 $14,000 
SOFR + 0.84%
$34,000 $34,000 
Australian dollar
BBSW + 0.84%
A$197,000 121,908 
BBSW + 0.84%
A$191,000 130,108 
British pound sterling
SONIA + 0.84%
£— — 
SONIA + 0.84%
£78,000 99,302 
Canadian dollar
CORRA + 0.84%
C$35,000 24,335 
CDOR + 0.84%
C$35,000 26,429 
Euro
EURIBOR + 0.84%
€70,500 72,993 
EURIBOR + 0.84%
€67,500 74,513 
New Zealand dollar
BKBM + 0.84%
NZ$39,000 21,816 
BKBM + 0.84%
NZ$44,000 27,804 
Total Senior Unsecured Revolving Credit Facility
$255,052 $392,156 
(1)SOFR = adjusted daily SOFR; BBSW = one-month Bank Bill Swap Rate; CORRA = adjusted daily CORRA; EURIBOR = one-month Euro Interbank Offered Rate; BKBM = one-month Bank Bill Reference Rate. We have elected adjusted daily SOFR for the entirety of our U.S. dollar denominated borrowings shown above, which includes an adjustment of 0.10% in addition to the margin. Included in the adjusted daily CORRA rate is an adjustment of 0.30% in addition to the margin. Our British pound sterling borrowings bore interest tied to adjusted SONIA, which included an adjustment of 0.03% in addition to the margin. Our Canadian dollar borrowings previously bore interest tied to one-month CDOR.
Senior Unsecured Credit Facility
On August 23, 2022, the Company entered into an agreement to extend and upsize its Senior Unsecured Credit Facility from $1.5 billion to approximately $2.0 billion. Additionally, the Company used a portion of the unsecured credit facilities to repay its 2013 Mortgage Notes which were scheduled to mature on May 1, 2023, but became prepayable at par beginning November 1, 2022. In connection with the refinancing, the base interest rate for the USD denominated borrowings was updated to SOFR from LIBOR and all borrowings now incorporate a sustainability-linked pricing component which is subject to adjustment based on improvement in the Company’s annual GRESB rating, as part of it’s ESG initiatives.
In connection with the refinancings that occurred during the year ended December 31, 2022, the Company recorded $0.6 million to “Loss on debt extinguishment, modifications and termination of derivative instruments” in the accompanying Consolidated Statements of Operations. No refinancings occurred during the years ended December 31, 2024 or 2023.
Revolving Credit Facility
The Senior Unsecured Revolving Credit Facility is comprised of a $575 million U.S. dollar component and a $575 million U.S. dollar equivalent, multicurrency component. The revolving credit facility matures in August 2026; however, the Company has the option to extend maturity up to two times, each for a six-month period. The Company must meet certain criteria in order to extend the maturity, and an additional extension fee must be paid. Unamortized deferred financing costs related to the revolving credit facility are included in “Other assets” on the accompanying Consolidated Balance Sheets and totaled $4.0 million and $6.4 million as of December 31, 2024 and 2023, respectively. These costs are amortized through the maturity date as interest expense under the straight-line method as the impact of amortizing under the effective interest method is not materially different.
Term Loans
The Senior Unsecured Term Loan A consists of three tranches. Tranche A-1 consists of a $375 million USD term loan, with a maturity date of August 2025; however, the Company has the option to extend maturity up to two
times, each for a twelve-month period. Tranche A-2 consists of a C$250 million term loan with a maturity date of January 2028 and does not have any extension options. Tranche A-3 consists of a $270 million USD term loan delayed draw facility, which matures in January 2028 and does not have any extension options. As previously mentioned, the Company drew the Tranche A-3 on November 1, 2022 to repay its 2013 Mortgage Notes. The remaining proceeds of the delayed draw facility were used for general corporate purposes. Unamortized deferred financing costs related to the Senior Unsecured Term Loan A are included in “Senior unsecured notes and term loans - net of deferred financing costs” on the accompanying Consolidated Balance Sheets and totaled $2.9 million and $4.6 million as of December 31, 2024 and 2023, respectively. These costs are amortized through the maturity date as interest expense under the effective interest method.
There were $20.8 million letters of credit issued on the Company’s Senior Unsecured Revolving Credit Facility as of December 31, 2024 and 2023. The remaining amount of letters of credit available to be issued on the Company’s Senior Unsecured Revolving Credit Facility was $39.2 million as of December 31, 2024 and 2023.
Our Senior Unsecured Revolving Facility contains representations, covenants and other terms customary for a publicly traded REIT, including covenants governing restricted payments. In addition, it contains certain financial covenants, as defined in the credit agreement, including:
•a maximum leverage ratio of less than or equal to 60% of our total asset value. Following a Material Acquisition, leverage ratio shall not exceed 65%;
•a maximum unencumbered leverage ratio of less than or equal to 60% to unencumbered asset value. Following a Material Acquisition, unencumbered leverage ratio shall not exceed 65%;
•a maximum secured leverage ratio of less than or equal to 40% to total asset value. Following a Material Acquisition, secured leverage ratio shall not exceed 45%;
•a minimum fixed charge coverage ratio of greater than or equal to 1.50x; and
•a minimum unsecured interest coverage ratio of greater than or equal to 1.75x.
Material Acquisition in our Senior Unsecured Credit Facility is defined as one in which assets acquired exceeds an amount equal to 5% of total asset value as of the last day of the most recently ended fiscal quarter publicly available. Obligations under our Senior Unsecured Credit Facility are general unsecured obligations of our Operating Partnership and are guaranteed by the Company and certain subsidiaries of the Company. As of December 31, 2024, the Company was in compliance with all debt covenants.
Senior Unsecured Notes
Private Series A, B, C, D, and E Notes
On November 6, 2018, we completed a debt private placement transaction consisting of (i) $200.0 million senior unsecured notes with a coupon of 4.68% due January 8, 2026 (“Private Series A Notes”) and (ii) $400.0 million senior unsecured notes with a coupon of 4.86% due January 8, 2029 (“Private Series B Notes”). Interest is payable on January 8 and July 8 of each year until maturity.
On April 26, 2019, we completed a debt private placement transaction consisting of $350.0 million senior unsecured notes with a coupon of 4.10% due January 8, 2030 (“Private Series C Notes”). Interest is payable on January 8 and July 8 of each year until maturity.
On December 30, 2020 we completed a debt private placement transaction consisting of (i) €400 million senior unsecured notes with a coupon of 1.62% due January 7, 2031 (“Private Series D Notes”) and (ii) €350 million
senior unsecured notes with a coupon of 1.65% due January 7, 2033 (“Private Series E Notes”). Interest is payable on January 7 and July 7 of each year until maturity.
Unamortized deferred financing costs related to the Private Series Notes are included in “Senior unsecured notes and term loans - net of deferred financing costs” on the accompanying Consolidated Balance Sheets and totaled $5.0 million and $6.0 million as of December 31, 2024 and 2023, respectively. These costs are amortized through the maturity date as interest expense under the straight-line method as the impact of amortizing under the effective interest method is not materially different.
The Series A, B, C, D, and E senior unsecured notes (collectively referred to as the “Private Senior Unsecured Notes”) and guarantee agreement includes a prepayment option executable at any time during the term of the loans. The prepayment can be either a partial payment or payment in full, as long as the partial payment is at least 5% of the outstanding principal. Any prepayment in full must include a make-whole amount, which is the discounted remaining scheduled payments due to the lender. The discount rate to be used is equal to 0.50% plus the yield to maturity reported for the most recently actively traded U.S. Treasury Securities with a maturity equal to the remaining average life of the prepaid principal. The Company must give each lender at least 10 days written notice whenever it intends to prepay any portion of the debt. The notes are general unsecured senior obligations of the Operating Partnership and are guaranteed by the Company and certain subsidiaries of the Company.
If a change in control occurs for the Company, the Company must issue an offer to prepay the remaining portion of the debt to the lenders. The prepayment amount will be 100% of the principal amount, as well as accrued and unpaid interest.
The Company is required to maintain at all times an investment grade debt rating for each series of notes from a nationally recognized statistical rating organization. In addition, the Senior Unsecured Notes contain certain financial covenants required on a quarterly or occurrence basis, as defined in the credit agreement, including:
•a maximum leverage ratio of less than or equal to 60% of our total asset value;
•a maximum unsecured indebtedness to qualified assets ratio of less than 0.60 to 1.00;
•a maximum total secured indebtedness ratio of less than 0.40 to 1.00;
•a minimum fixed charge coverage ratio of greater than or equal to 1.50 to 1.00; and
•a minimum unsecured debt service ratio of greater than or equal to 2.00 to 1.00.

As of December 31, 2024, the Company was in compliance with all debt covenants.
Public Senior Unsecured Notes
On September 12, 2024, we completed an underwritten public offering of $500.0 million aggregate principal amount of the Company’s 5.409% notes (the “Public Senior Unsecured Notes”) due September 12, 2034. The Public Senior Unsecured Notes were offered pursuant to the Registration Statement further described in Note 1 - Description of the Business to these Consolidated Financial Statements. The Public Senior Unsecured Notes are fully and unconditionally guaranteed, jointly and severally, by each of the Company, Americold Realty Operations, Inc., a wholly-owned subsidiary of the Company and a limited partner of the Operating Partnership, and certain subsidiaries of the Operating Partnership. The Public Senior Unsecured Notes bear interest at a rate of 5.409% per year, and interest is payable on March 12 and September 12 of each year, with the first payment occurring March 12, 2025. The proceeds from the issuance of the Public Senior Unsecured Notes were used to repay a portion of borrowings previously outstanding.
In connection with the issuance of the Public Senior Unsecured Notes, we incurred approximately $6.1 million of debt issuance costs. The unamortized balance of these costs are included in “Senior unsecured notes and term loans - net of deferred financing costs on the accompanying Consolidated Balance Sheets and totaled $6.0 million as of December 31, 2024. These costs are amortized through the maturity date as interest expense under the effective interest method.
The Public Senior Unsecured Notes may be redeemed at the option of the Company. Prior to June 12, 2034, the Public Senior Unsecured Notes may be redeemed at our option, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount of the Public Senior Unsecured Notes being redeemed, or (ii) a make-whole premium calculated in accordance with the indenture. On or after June 12, 2034, the Public Senior Unsecured Notes may be redeemed at our option, in whole or in part, at a redemption price equal to 100% of the principal amount of the Public Senior Unsecured Notes to be redeemed. In both cases, the prepayment amount must also include any unpaid interest accrued thereon to, but excluding, the redemption date.
The Public Senior Unsecured Notes require that we maintain at all times a minimum maintenance of total unencumbered assets value of not less than 150% of the aggregate principal amount of all outstanding unsecured debt of the Company, the Operating Partnership and their respective subsidiaries on a consolidated basis. The Public Senior Unsecured Notes also contain certain financial covenants required on a quarterly or occurrence basis, as defined in the offering prospectus, including:
•a maximum total indebtedness to total assets ratio of less than 0.60 to 1.00;
•a maximum total secured indebtedness to total assets ratio of less than 0.40 to 1.00; and
•a minimum interest coverage ratio of not less than 1.50 to 1.00.
The indenture governing the Public Senior Unsecured Notes contains additional covenants customary for similar offerings, including, without limitation, that any subsidiary which becomes a co-borrower, guarantor or otherwise becomes obligated under our Senior Unsecured Term Loans or Senior Unsecured Revolving Credit Facility must also fully and unconditionally guarantee the Public Senior Unsecured Notes.
As of December 31, 2024, the Company was in compliance with all debt covenants.
Aggregate Future Repayments of Indebtedness
The aggregate maturities of indebtedness as of December 31, 2024 for each of the next five years and thereafter, are as follows:
Years Ending December 31:(1)
(In thousands)
2025
$375,000
2026455,052
2027—
2028443,820 
2029400,000
Thereafter
1,626,524
Total principal amount of indebtedness3,300,396
Less: unamortized deferred financing costs
(13,882)
Total indebtedness, net of deferred financing costs
$3,286,514
(1)The debt listed to mature in 2025 represents the Tranche A-1 term loan. The terms of the Tranche A-1 term loan agreement include an option for two 12-month extensions past the contractual maturity date in August of 2025. Approximately $255.1 million of the debt listed to mature in 2026 represents outstanding borrowings on the revolving credit facility. The terms of the revolving credit facility agreement include an option for two six-month extensions
v3.25.0.1
Derivative Financial Instruments
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Designated Non-derivative Financial Instruments
As of December 31, 2024, the Company designated A$197.0 million and €820.5 million of debt and accrued interest as a hedge of its net investments in certain international subsidiaries. As of December 31, 2023, the Company designated £78.0 million, A$191.0 million and €817.5 million of debt and accrued interest as a hedge of its net investments in certain international subsidiaries. The remeasurement of these instruments is recorded in “Unrealized net gain (loss) on foreign currency” on the Consolidated Statements of Comprehensive (Loss) Income.
During the second quarter of 2024, the Company determined that its previous designation of £78.0 million of debt and accrued interest as a hedge of its net investment in the United Kingdom-based subsidiary did not qualify for hedge accounting, and the cumulative foreign exchange gain associated with this transaction of $10.4 million, previously classified within “Accumulated other comprehensive loss” on the Consolidated Balance Sheets, was recorded as a Gain from removal of hedge designation within “Other, net” on the Consolidated Statements of Operations for the year ended December 31, 2024. The Company has determined that the impacts of this adjustment are immaterial to the current and prior period interim and annual financial statements and disclosures. Furthermore, the Company fully paid off the balance of this revolving debt during the year ended December 31, 2024.
Refer to Note 18 - Accumulated Other Comprehensive Loss for additional details regarding the impact of the Company’s net investment hedges on AOCI for the years ended December 31, 2024, 2023 and 2022.
Derivative Financial Instruments
The Company is subject to volatility in interest rates due to variable-rate debt. To manage this risk, the Company periodically enters into interest rate swap agreements. These agreements involve the receipt of variable-rate amounts in exchange for fixed-rate interest payments over the life of the respective swap agreement without an exchange of the underlying notional amount. The Company’s objective for utilizing these derivative instruments is to reduce its exposure to fluctuations in cash flows due to changes in interest rates.
The following table includes the key provisions of the interest rate swaps outstanding as of December 31, 2024 and 2023:
NotionalFixed Base Interest Rate SwapEffective DateExpiration Date
Asset Fair Value as of December 31, 2024
Liability Fair Value as of December 31, 2024
(In thousands)
$200 million
3.05%12/29/20237/30/2027$4,651 $— 
$175 million
3.47%11/30/20227/30/20272,265 — 
$270 million
3.05%11/01/202212/31/20277,225 — 
C$250 million
3.59%9/23/202212/31/2027— 3,021 
Total$14,141 $3,021 
NotionalFixed Base Interest Rate SwapEffective DateExpiration Date
Asset Fair Value as of December 31, 2023
Liability Fair Value as of December 31, 2023
(In thousands)
$200 million
3.05%12/29/20237/30/2027$3,687 $— 
$175 million
3.47%11/30/20227/30/2027788 — 
$270 million
3.05%11/01/202212/31/20275,106 — 
C$250 million
3.59%9/23/202212/31/2027— 330 
Total$9,581 $330 
In 2020, the Company terminated the two interest rate swaps related to the 2020 Senior Unsecured Credit Facility for a fee of $16.4 million, of which $8.7 million was recorded in “Accumulated other comprehensive loss” on the Consolidated Balance Sheets and has been fully amortized to “Loss on debt extinguishment, modifications and termination of derivative instruments” as of December 31, 2024. The amortization of costs recognized in the Consolidated Statements of Operations from terminating these swaps was $1.0 million, $2.5 million, and $2.5 million during the years ended December 31, 2024, 2023 and 2022, respectively.
The Company is also subject to volatility in foreign exchange rates due to foreign-currency denominated intercompany loans. To manage this risk, the Company periodically enters into cross-currency swap agreements. These agreements effectively mitigate the Company’s exposure to fluctuations in cash flows due to changes in foreign exchange rates. The existing agreement involves the receipt of fixed USD amounts in exchange for payment of fixed AUD amounts over the life of the respective intercompany loan. The Company’s outstanding intercompany loan balance of A$153.5 million was hedged under the cross-currency swap agreement at December 31, 2024 and 2023. The Company previously had a cross-currency swap agreement that involved the receipt of fixed USD amounts in exchange for payment of fixed NZD amounts over the life of an intercompany loan balance of NZ$37.5 million, which matured on December 13, 2023.
For derivatives designated and that qualify as cash flow hedges, the gain or loss on the derivative instrument is recorded as “Unrealized net gain (loss) on cash flow hedges” on the Consolidated Statements of Comprehensive (Loss) Income and subsequently reclassified in the period(s) during which the hedged transaction affects earnings within the same income statement and related cash flow line items as the earnings effect of the hedged transaction. During the next year, the Company estimates that an additional $5.9 million will be reclassified as a decrease to “Interest expense” and a corresponding increase to operating cash flows.
The Company determines the fair value of its derivative instruments using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, implied volatilities, foreign currency spot and forward rates. The fair values are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Foreign currency spot, forward and cross-currency basis are also incorporated into the valuation of cross-currency swaps. These inputs are classified as Level 2 of the fair value hierarchy. Derivative asset balances are recorded on the accompanying Consolidated Balance Sheets within “Other assets” and derivative liability balances are recorded on the accompanying Consolidated Balance Sheets within “Accounts payable and accrued expenses”.
The following table presents the fair value of the derivative financial instruments as of December 31, 2024 and December 31, 2023:
Derivative AssetsDerivative Liabilities
December 31, 2024December 31, 2023December 31, 2024December 31, 2023
Designated derivatives
(In thousands)
Foreign exchange contracts$15,727 $5,899 $— $— 
Interest rate contracts14,141 9,581 3,021 330 
Total fair value of derivatives$29,868 $15,480 $3,021 $330 
The following table presents the effect of the Company’s designated derivative financial instruments on the accompanying Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022, including the impacts to AOCI:
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on DerivativeLocation of Gain (Loss) Reclassified from AOCI into EarningsAmount of Gain (Loss) Reclassified from AOCI into Earnings
As of December 31,As of December 31,
202420232022202420232022
(In thousands)
(In thousands)
Interest rate contracts$17,431 $7,504 $15,572 Interest expense$15,574 $13,825 $721 
Loss on debt extinguishment, modifications and termination of derivative instruments(1)
(973)(2,513)(2,507)
Foreign exchange contracts10,334 1,028 5,933 
Foreign currency exchange gain (loss), net
9,371 200 7,602 
Interest expense506 374 371 
Total designated cash flow hedges$27,765 $8,532 $21,505 $24,478 $11,886 $6,187 
(1)In conjunction with the termination of interest rate swaps in 2020, the Company recorded amounts in AOCI that were reclassified as an adjustment to earnings over the term of the original hedges and respective borrowings through August 2024 within “Loss on debt extinguishment, modifications and termination of derivative instruments.”
The Company’s derivatives are subject to master netting agreements, but there was no impact of offsetting as of December 31, 2024 and 2023.
As of December 31, 2024 and 2023, the Company has not posted any collateral related to these agreements. The Company has agreements with each of its derivative counterparties that contain a provision where the Company could be declared in default of its derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to the Company's default on the indebtedness.
v3.25.0.1
Sale-Leasebacks of Real Estate
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Sale-Leasebacks of Real Estate Sale-Leasebacks of Real Estate
The Company has a series of leases accounted for as failed sale-leaseback financing obligations associated with long-lived real estate assets. These obligations were assumed in conjunction with the Company’s acquisition of Agro Merchants Group (“Agro”) in December of 2020 and are further detailed in the table below as of December 31, 2024 and 2023.
December 31, 2024
December 31, 2023
MaturityInterest RateBalanceMaturityInterest RateBalance
(In thousands, except percentages)
1 warehouse – 2010
7/203010.34%$15,872 7/203010.34%$16,912 
11 warehouses – 2007
——— 9/2027
7.00% - 19.59%
78,735 
3 facilities - 2007 (Agro)
7/203110%58,359 7/203110%60,987 
1 facility - 2013 (Agro)
12/203310%4,770 12/203310%5,303 
Total sale-leaseback financing obligations$79,001 $161,937 
In connection with the Agro acquisition, the Company assumed four sale-leaseback facilities. Agro completed a sale-leaseback transaction for three of its warehouse facilities in 2007 that were accounted for as financing obligations. The initial term of the agreement was 20 years and was amended in 2011 to extend the term to 2031. The rent payments increase every five years by the lesser of 125% of the cumulative increase in the Consumer Price Index (“CPI”) over the related five-year period or 9%. Agro also completed a sale-leaseback transaction for one of its warehouse facilities in 2013 that was accounted for as a financing obligation. The initial term of the agreement is 20 years and includes six extension options, each for five-years. The rent payments increase every five years by the lesser of the cumulative increase in CPI over the related five-year period or 12%.
In September 2010, the Company entered into a transaction by which it assigned to an unrelated third party its fixed price “in the money” purchase option of $18.3 million on a warehouse it was leasing in Ontario, California. The purchase option was exercised in September 2010, and the Company simultaneously entered into a new 20-year lease agreement with the new owner and received $1.0 million of consideration to use towards warehouse improvements. Under the terms of the new lease agreement, the Company will exercise control over the asset for more than 90% of the asset’s remaining useful life, and it has a purchase option within the last six months of the initial lease term at 95% of the fair market value as of the date such option is exercised. The transaction was accounted for as a financing obligation.
In connection with an acquisition completed in 2010, the Company assumed sale-leaseback agreements for 11 warehouses originally entered into in 2007, and received gross proceeds of $170.7 million. The agreements for the leases of these properties had various initial terms of 10 to 20 years and annual rent increases of 1.75%. The leases contained four extension options at the discretion of the Company, each for a five-year period. In July 2013, the lease agreements for six of the 11 warehouses were amended to extend the expiration date on four of the warehouse leases to September 2027 and reduce the annual rent increases from 1.75% to 0.50% on five of the warehouse leases.
During the year ended December 31, 2024, the Company purchased the 11 aforementioned warehouses that were previously accounted for as failed sale-leaseback financing obligations. Total cash outflows related to these purchases of $191.0 million are included within “Termination of sale-leaseback financing obligations” on the Consolidated Statements of Cash Flows for the year ended December 31, 2024.
These purchases resulted in the recognition of a $115.1 million Loss on debt extinguishment during the year ended December 31, 2024. These amounts are recognized within “Loss on debt extinguishment, modifications and termination of derivative instruments” on the Consolidated Statements of Operations.
As of December 31, 2024, future minimum lease payments, inclusive of certain obligations to be settled with the residual value of related long-lived assets upon expiration of the lease agreement, of the sale-leaseback financing obligations are as follows:
Years Ending December 31:
(In thousands)
2025$12,259 
202612,325 
202713,059 
202813,261 
202913,421 
Thereafter
54,133 
Total minimum payments
118,458 
Interest portion
(39,457)
Present value of net minimum payments
$79,001 
v3.25.0.1
Lease Accounting
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Lease Accounting Lease Accounting
Arrangements wherein we are the lessee:
We have operating and finance leases for land, warehouses, offices, vehicles, and equipment with remaining lease terms ranging from 1 to 28 years. Many of our leases include one or more options to extend the lease term from 1 to 10 years that may be exercised at our sole discretion. Additionally, many of our leases for vehicles and equipment include options to purchase the underlying asset at or before expiration of the lease agreement. Rental payments are generally fixed over the term of the lease agreement with the exception of certain equipment leases for which the rental payment may vary based on usage of the asset. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.
As of December 31, 2024, the rights and obligations with respect to leases which have been signed but have not yet commenced are not material to our financial position or results of operations.
The components of lease expense were as follows:
Years Ended December 31,

202420232022
Components of lease expense:
(In thousands)
Operating lease cost (1)
$44,883 $44,971 $52,331 
Financing lease cost:
Depreciation
31,642 26,129 25,687 
Interest on lease liabilities
4,129 444 3,063 
Sublease income
(17,573)(5,856)(7,991)
Net lease expense
$63,081 $65,688 $73,090 
(1)Includes short-term lease and variable lease costs, which are immaterial.
Other information related to leases is as follows:
Years Ended December 31,
202420232022
Supplemental Cash Flow Information
 (In thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$(36,118)$(35,510)$(42,949)
Financing cash flows from finance leases
$(37,921)$(39,214)$(33,860)
Right-of-use assets obtained in exchange for lease obligations
Operating leases
$11,186 $6,244 $7,889 
Finance leases
$38,989 $59,276 $18,694 
Weighted-average remaining lease term (years)
Operating leases
9.910.611.1
Finance leases
3.33.93.3
Weighted-average discount rate
Operating leases
2.9 %2.8 %2.8 %
Finance leases
4.7 %3.9 %3.2 %
Future minimum lease payments under non-cancellable leases as of December 31, 2024 were as follows:
Years ending December 31,Operating Lease PaymentsFinance Lease PaymentsTotal Lease Payments
(In thousands)
2025$33,492 $33,097 $66,589 
202629,552 28,008 57,560 
202727,094 23,352 50,446 
202825,205 13,713 38,918 
202922,437 4,652 27,089 
Thereafter114,642 1,942 116,584 
Total future minimum lease payments$252,422 $104,764 $357,186 
Less: Interest(33,323)(8,980)(42,303)
Total future minimum lease payments less interest$219,099 $95,784 $314,883 
Arrangements wherein we are the lessor:
We receive lease income as the lessor for certain buildings and warehouses or space within a warehouse. The remaining term on existing leases ranges from 1 to 13 years. Lease income is generally fixed over the duration of the contract and each lease contract contains clauses permitting extension or termination. Lease incentives and options for purchase of the leased asset by the lessee are generally not included.
The Company is party to operating leases only and currently does not have sales-type or direct financing leases. Lease income is included within “Rent, storage, and warehouse services” in the accompanying Consolidated Statements of Operations as denoted in Note 22 - Revenue from Contracts with Customers.
Property, buildings and equipment underlying operating leases is included in “Land” and “Buildings and improvements” on the accompanying Consolidated Balance Sheets. The portion of these assets that are applicable
to the operating leases where we are the lessor totaled $134.9 million and $102.0 million, for Land and Buildings and improvements, on a gross and net basis, respectively, as of December 31, 2024. The portion of these assets that are applicable to the operating leases where we are the lessor totaled $115.2 million and $85.4 million, for Land and Buildings and improvements, on a gross and net basis, respectively, as of December 31, 2023. Depreciation expense for such assets was $4.8 million, $4.3 million and $4.2 million for the years ended December 31, 2024, 2023 and 2022, respectively.
Future minimum lease payments due from our customers on leases as of December 31, 2024 were as follows:
Year ending December 31,Operating Leases
(In thousands)
2025$50,464 
202642,696 
202735,641 
202830,145 
202916,125 
Thereafter42,181 
Total$217,252 
Lease Accounting Lease Accounting
Arrangements wherein we are the lessee:
We have operating and finance leases for land, warehouses, offices, vehicles, and equipment with remaining lease terms ranging from 1 to 28 years. Many of our leases include one or more options to extend the lease term from 1 to 10 years that may be exercised at our sole discretion. Additionally, many of our leases for vehicles and equipment include options to purchase the underlying asset at or before expiration of the lease agreement. Rental payments are generally fixed over the term of the lease agreement with the exception of certain equipment leases for which the rental payment may vary based on usage of the asset. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.
As of December 31, 2024, the rights and obligations with respect to leases which have been signed but have not yet commenced are not material to our financial position or results of operations.
The components of lease expense were as follows:
Years Ended December 31,

202420232022
Components of lease expense:
(In thousands)
Operating lease cost (1)
$44,883 $44,971 $52,331 
Financing lease cost:
Depreciation
31,642 26,129 25,687 
Interest on lease liabilities
4,129 444 3,063 
Sublease income
(17,573)(5,856)(7,991)
Net lease expense
$63,081 $65,688 $73,090 
(1)Includes short-term lease and variable lease costs, which are immaterial.
Other information related to leases is as follows:
Years Ended December 31,
202420232022
Supplemental Cash Flow Information
 (In thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$(36,118)$(35,510)$(42,949)
Financing cash flows from finance leases
$(37,921)$(39,214)$(33,860)
Right-of-use assets obtained in exchange for lease obligations
Operating leases
$11,186 $6,244 $7,889 
Finance leases
$38,989 $59,276 $18,694 
Weighted-average remaining lease term (years)
Operating leases
9.910.611.1
Finance leases
3.33.93.3
Weighted-average discount rate
Operating leases
2.9 %2.8 %2.8 %
Finance leases
4.7 %3.9 %3.2 %
Future minimum lease payments under non-cancellable leases as of December 31, 2024 were as follows:
Years ending December 31,Operating Lease PaymentsFinance Lease PaymentsTotal Lease Payments
(In thousands)
2025$33,492 $33,097 $66,589 
202629,552 28,008 57,560 
202727,094 23,352 50,446 
202825,205 13,713 38,918 
202922,437 4,652 27,089 
Thereafter114,642 1,942 116,584 
Total future minimum lease payments$252,422 $104,764 $357,186 
Less: Interest(33,323)(8,980)(42,303)
Total future minimum lease payments less interest$219,099 $95,784 $314,883 
Arrangements wherein we are the lessor:
We receive lease income as the lessor for certain buildings and warehouses or space within a warehouse. The remaining term on existing leases ranges from 1 to 13 years. Lease income is generally fixed over the duration of the contract and each lease contract contains clauses permitting extension or termination. Lease incentives and options for purchase of the leased asset by the lessee are generally not included.
The Company is party to operating leases only and currently does not have sales-type or direct financing leases. Lease income is included within “Rent, storage, and warehouse services” in the accompanying Consolidated Statements of Operations as denoted in Note 22 - Revenue from Contracts with Customers.
Property, buildings and equipment underlying operating leases is included in “Land” and “Buildings and improvements” on the accompanying Consolidated Balance Sheets. The portion of these assets that are applicable
to the operating leases where we are the lessor totaled $134.9 million and $102.0 million, for Land and Buildings and improvements, on a gross and net basis, respectively, as of December 31, 2024. The portion of these assets that are applicable to the operating leases where we are the lessor totaled $115.2 million and $85.4 million, for Land and Buildings and improvements, on a gross and net basis, respectively, as of December 31, 2023. Depreciation expense for such assets was $4.8 million, $4.3 million and $4.2 million for the years ended December 31, 2024, 2023 and 2022, respectively.
Future minimum lease payments due from our customers on leases as of December 31, 2024 were as follows:
Year ending December 31,Operating Leases
(In thousands)
2025$50,464 
202642,696 
202735,641 
202830,145 
202916,125 
Thereafter42,181 
Total$217,252 
Lease Accounting Lease Accounting
Arrangements wherein we are the lessee:
We have operating and finance leases for land, warehouses, offices, vehicles, and equipment with remaining lease terms ranging from 1 to 28 years. Many of our leases include one or more options to extend the lease term from 1 to 10 years that may be exercised at our sole discretion. Additionally, many of our leases for vehicles and equipment include options to purchase the underlying asset at or before expiration of the lease agreement. Rental payments are generally fixed over the term of the lease agreement with the exception of certain equipment leases for which the rental payment may vary based on usage of the asset. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.
As of December 31, 2024, the rights and obligations with respect to leases which have been signed but have not yet commenced are not material to our financial position or results of operations.
The components of lease expense were as follows:
Years Ended December 31,

202420232022
Components of lease expense:
(In thousands)
Operating lease cost (1)
$44,883 $44,971 $52,331 
Financing lease cost:
Depreciation
31,642 26,129 25,687 
Interest on lease liabilities
4,129 444 3,063 
Sublease income
(17,573)(5,856)(7,991)
Net lease expense
$63,081 $65,688 $73,090 
(1)Includes short-term lease and variable lease costs, which are immaterial.
Other information related to leases is as follows:
Years Ended December 31,
202420232022
Supplemental Cash Flow Information
 (In thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$(36,118)$(35,510)$(42,949)
Financing cash flows from finance leases
$(37,921)$(39,214)$(33,860)
Right-of-use assets obtained in exchange for lease obligations
Operating leases
$11,186 $6,244 $7,889 
Finance leases
$38,989 $59,276 $18,694 
Weighted-average remaining lease term (years)
Operating leases
9.910.611.1
Finance leases
3.33.93.3
Weighted-average discount rate
Operating leases
2.9 %2.8 %2.8 %
Finance leases
4.7 %3.9 %3.2 %
Future minimum lease payments under non-cancellable leases as of December 31, 2024 were as follows:
Years ending December 31,Operating Lease PaymentsFinance Lease PaymentsTotal Lease Payments
(In thousands)
2025$33,492 $33,097 $66,589 
202629,552 28,008 57,560 
202727,094 23,352 50,446 
202825,205 13,713 38,918 
202922,437 4,652 27,089 
Thereafter114,642 1,942 116,584 
Total future minimum lease payments$252,422 $104,764 $357,186 
Less: Interest(33,323)(8,980)(42,303)
Total future minimum lease payments less interest$219,099 $95,784 $314,883 
Arrangements wherein we are the lessor:
We receive lease income as the lessor for certain buildings and warehouses or space within a warehouse. The remaining term on existing leases ranges from 1 to 13 years. Lease income is generally fixed over the duration of the contract and each lease contract contains clauses permitting extension or termination. Lease incentives and options for purchase of the leased asset by the lessee are generally not included.
The Company is party to operating leases only and currently does not have sales-type or direct financing leases. Lease income is included within “Rent, storage, and warehouse services” in the accompanying Consolidated Statements of Operations as denoted in Note 22 - Revenue from Contracts with Customers.
Property, buildings and equipment underlying operating leases is included in “Land” and “Buildings and improvements” on the accompanying Consolidated Balance Sheets. The portion of these assets that are applicable
to the operating leases where we are the lessor totaled $134.9 million and $102.0 million, for Land and Buildings and improvements, on a gross and net basis, respectively, as of December 31, 2024. The portion of these assets that are applicable to the operating leases where we are the lessor totaled $115.2 million and $85.4 million, for Land and Buildings and improvements, on a gross and net basis, respectively, as of December 31, 2023. Depreciation expense for such assets was $4.8 million, $4.3 million and $4.2 million for the years ended December 31, 2024, 2023 and 2022, respectively.
Future minimum lease payments due from our customers on leases as of December 31, 2024 were as follows:
Year ending December 31,Operating Leases
(In thousands)
2025$50,464 
202642,696 
202735,641 
202830,145 
202916,125 
Thereafter42,181 
Total$217,252 
v3.25.0.1
Fair Value Measurements
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The Company categorizes assets and liabilities that are recorded at fair values into one of three tiers based upon fair value hierarchy. These tiers include the following:
•Level 1 - Valuations based on quoted market prices in active markets for identical assets or liabilities;
•Level 2 - Valuations based on inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, model-based valuation techniques for which all significant assumptions are observable in the market, or other inputs that are observable or can be corroborated by observable market data;
•Level 3 - Valuations based on unobservable inputs that are not corroborated by market data.
The carrying amounts of cash and cash equivalents, restricted cash, accounts receivable, accounts payable, accrued expenses and revolving line of credit approximate their fair values due to the short-term maturities of the instruments.
The Company’s senior unsecured notes, and term loans are reported on the Consolidated Balance Sheets at their aggregate principal amount less unamortized deferred financing costs. The fair value, which is only disclosed in the footnote herein, of these financial instruments is estimated based on the present value of the expected coupon and principal payments using a discount rate that reflects the projected performance as of each valuation date. The inputs used to estimate the fair value of the Company’s senior unsecured notes and term loans are comprised of Level 2 inputs, including senior industrial commercial real estate loan spreads, trading data on comparable unsecured industrial REIT debt, corporate industrial loan indexes, risk-free interest rates, and Level 3 inputs, such as future coupon and principal payments, and projected future cash flows.
The Company’s financial assets and liabilities recorded at fair value on a recurring basis include derivative instruments. Refer to Note 10 - Derivative Financial Instruments for more information regarding valuation techniques of our derivative instruments.
There were no transfers between levels within the hierarchy for the years ended December 31, 2024 and 2023, respectively.
The Company’s assets and liabilities recorded at fair value on a non-recurring basis include long-lived assets when events or changes in circumstances indicate that the carrying amounts may not be recoverable. The Company estimates the fair values using unobservable inputs classified as Level 3 of the fair value hierarchy.
The Company’s assets and liabilities measured or disclosed at fair value are as follows:
Fair Value
Fair Value HierarchyDecember 31, 2024December 31, 2023
Measured at fair value on a recurring basis:
(In thousands)
Interest rate swap assets
Level 2$14,141 $9,581 
Interest rate swap liabilities
Level 2$3,021 $330 
Foreign exchange swap assets
Level 2$15,727 $5,899 
Assets held by various pension plans:
Level 1$22,052 $24,564 
Level 2$4,010 $4,425 
Level 3$1,107 $1,323 
Measured at fair value on a non-recurring basis:
Certain previously impaired real estate assetsLevel 3$25,394 $— 
Disclosed at fair value:
Public 5.409% NotesLevel 2 $478,950 $— 
Senior unsecured notes, term loans, and revolving credit facility(1)
Level 3$2,660,494 $2,821,064 
(1)The carrying value of senior unsecured notes, term loans, and revolving credit facility is disclosed in Note 9 - Debt.
v3.25.0.1
Stock-Based Compensation
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
All share-based compensation cost is measured at the grant date, based on the estimated fair value of the award. The Company issues time-based and market performance-based equity awards. Time-based and cliff vesting market performance-based awards are recognized on a straight-line basis over the associates’ requisite service period, as adjusted for estimated of forfeitures. The Company’s Board of Directors and certain members of management have the option to elect their annual grant in the form of either restricted stock units (“RSUs”) or OP units. The terms of the OP units mirror the terms of the restricted stock units granted in the respective period.
The Company implemented an Employee Stock Purchase Plan (“ESPP”) which became effective on December 8, 2020. Under the ESPP, eligible employees are granted options to purchase common stock at the lower of 85% of the fair market value of the stock at the time of grant or 85% of the fair market value at the time of exercise. Options to purchase shares are granted twice yearly on or about January 1 and July 1, and exercisable on or about the succeeding July 1, and January 1, respectively, of each year. No participant may purchase more than $25,000 worth of shares during the calendar year, or a maximum of 2,400 shares in one offering period. There are 5,000,000 shares available for issuance under the ESPP. The stock-based compensation cost of the ESPP options
are measured based on grant date at fair value and are recognized on a straight-line basis over the offering period. The ESPP did not have a material impact on stock-based compensation expense during the year ended December 31, 2024.
Aggregate stock-based compensation charges were $28.2 million, $23.6 million and $27.1 million during the years ended December 31, 2024, 2023 and 2022, respectively. Routine stock-based compensation expense is included as a component of “Selling, general, and administrative” expense on the accompanying Consolidated Statements of Operations. As of December 31, 2024, there was $34.7 million of unrecognized stock‑based compensation expense related to RSUs and OP units, which will be recognized over a weighted-average period of 1.9 years.
Americold Realty Trust 2010 Equity Incentive Plan
During December 2010, the Company and the common stockholders approved the Americold Realty Trust 2010 Equity Incentive Plan (“2010 Plan”), whereby the Company could issue stock options, stock appreciation rights, restricted stock, restricted stock units, stock bonus awards, and/or dividend equivalents with respect to the Company’s common stock, cash bonus awards, and/or performance compensation awards to certain eligible participants, as defined in the 2010 plan, based upon a reserved pool of 3,849,976 of the Company’s common stock. No additional awards may be granted under the 2010 Plan.
Americold Realty Trust 2017 Equity Incentive Plan
On January 4, 2018, the Company’s Board of Directors adopted the Americold Realty Trust 2017 Equity Incentive Plan (“2017 Plan”), which permits the grant of various forms of equity- and cash-based awards from a reserved pool of 9,000,000 shares of common stock of the Company. On January 17, 2018, the Company’s stockholders approved the 2017 Plan. Equity-based awards issued under the 2017 Plan have the rights to receive dividend equivalents on an accrual basis. Dividend equivalents for market performance-based awards are forfeitable in the event of termination for cause or when voluntary departure occurs during the vesting period and are otherwise, paid upon the vesting of the awards. Time-based awards have the right to receive nonforfeitable dividend equivalent distributions on unvested units throughout the vesting period.
All awards granted under the 2017 Plan dated on March 8, 2020 and thereafter include a retirement provision. The retirement provision allows that if a participant has either attained the age of 65, or has attained the age of 55 and has ten full years of service with the Company, and there are no facts, circumstances or events existing which would give the Company a basis to effect a termination of service for cause, then the award recipient is entitled to continued vesting of any outstanding equity-based awards which include the retirement provision. Should the participant choose to retire from the Company, the awards with the retirement provision would continue to vest. Accordingly, grants of time-based awards to an associate who has met the retirement criteria on or before the date of grant will be expensed at the date of grant. In addition, grants of time-based awards to associates who will meet the retirement criteria during the awards normal vesting period will be expensed between the date of grant and the date upon which the award recipient meets the retirement criteria. Time-based awards granted to recipients who meet the retirement criteria, and decide to retire, will continue vesting on the original vesting schedule as determined at grant date. A pro-rated portion of market-performance based awards granted to recipients who meet the retirement criteria will remain outstanding and eligible to vest based on actual performance through the last day of the performance period based on the number of days during the performance period that the recipient was employed.
Restricted Stock Units
Restricted stock units are nontransferable until vested. Prior to the issuance of a share of common stock, the grantees of restricted stock units are not entitled to vote the shares. Time-based restricted stock unit awards vest in equal annual increments over the vesting period. The grant date fair values for time-based restricted unit stock awards is equal to the closing market price of Americold Realty Trust, Inc. common stock on the grant date. Market performance-based restricted stock unit awards cliff vest upon the achievement of the performance target, as well as completion of the performance period.
The following table summarizes restricted stock unit grants by grantee type during the years ended December 31, 2024, 2023 and 2022:
Year Ended
December 31		Grantee TypeNumber of
Restricted Stock
Units Granted		Vesting
Period
Grant Date
Fair Value
(In thousands)
2024 Directors 13,834 
 1 year
$350 
2024 Associates 839,166 
 1-3 years
$21,847 
2023Directors12,036 
 1 year
$350 
2023Associates634,109 
 1-3 years
$19,759 
2022Directors4,810 
 1 year
$125 
2022Associates555,719 
 1-3 years
$15,067 
Restricted stock units granted for the year ended December 31, 2024 consisted of: (i) 13,834 time-based restricted stock units with a one-year vesting period issued to non-employee directors as part of their annual compensation (ii) 702,072 time-based graded vesting restricted stock units with vesting periods ranging from one to three years issued to certain associates in connection with the annual grant provided in March as well as other off-cycle awards during the year (iii) 135,630 market performance-based cliff vesting restricted stock units with a three-year vesting period issued to certain associates and (iv) 1,464 performance-based restricted stock units issued as part of Project Orion grant with a vesting period of one year.
Restricted stock units granted for the year ended December 31, 2023 consisted of: (i) 12,036 time-based restricted stock units with a one-year vesting period issued to non-employee directors as part of their annual compensation (ii) 456,017 time-based graded vesting restricted stock units with vesting periods ranging from one to three years issued to certain associates in connection with the annual grant provided in March as well as other off-cycle awards during the year (iii) 107,177 market performance-based cliff vesting restricted stock units with a three-year vesting period issued to certain associates (iv) 70,915 performance-based restricted stock units issued as part of Project Orion grant with a vesting period of between one to two years.
Restricted stock units granted for the year ended December 31, 2022 consisted of: (i) 4,810 time-based restricted stock units with a one-year vesting period issued to non-employee directors as part of their annual compensation (ii) 424,543 time-based graded vesting restricted stock units with vesting periods ranging from one to three years issued to certain associates in connection with the annual grant provided in March as well as other off-cycle awards during the year and (iii) 131,176 market performance-based cliff vesting restricted stock units with a three-year vesting period issued to certain associates.
In January 2024, following the completion of the applicable market-performance period, the Compensation Committee determined that the 33rd percentile was achieved for the 2021 awards and, accordingly, approximately 97,517 units vested on January 8, 2024, representing a vesting percentage of 56%.
In January 2025, following the completion of the applicable market-performance period, the Compensation Committee determined that the 28.5th percentile was achieved for the 2022 awards and, accordingly, 155,483 units vested on January 8, 2025, representing a vesting percentage of 57%.
The following table provides a summary of restricted stock unit activity under the 2010 and 2017 Plans for the year ended December 31, 2024:
Year Ended December 31, 2024
Restricted StockNumber of Time-Based Restricted Stock UnitsAggregate Intrinsic Value (in millions)
Number of Market Performance-Based Restricted Stock Units(1)
Aggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2023
732,519 $20.0 259,326 $10.0 
Granted
717,370 135,630 
Market-performance adjustment(2)
— (28,632)
Vested
(366,298)(36,419)
Forfeited
(85,315)(20,860)
Non-vested as of December 31, 2024
998,276 $21.4 309,045 $6.6 
Shares vested, but not released(3)
46,890 1.0— — 
Total outstanding restricted stock units
1,045,166 $22.4 309,045 $6.6 
(1)The number of market performance-based restricted stock units granted are reflected within this table based upon the number of shares of common stock issuable upon achievement of the performance metric at target.
(2)Represents the decrease in the number of original market-performance units awarded based on the final performance criteria achievement at the end of the defined performance period.
(3)For certain vested restricted stock units, common stock issuance is contingent upon the first to occur of: (1) termination of service; (2) change in control; (3) death; or (4) disability, as defined in the 2010 Plan. Of these vested time-based restricted stock units 46,890 belong to an active member of the Board of Directors and the date of issuance is therefore unknown at this time. The weighted average grant date fair value of these units is $8.42 per unit. Holders of these certain vested restricted stock units are entitled to receive dividends, but are not entitled to vote until such stock is issued.
The weighted average grant date fair value of restricted stock units granted during years 2024, 2023, and 2022 was $26.02, $31.12 and $27.10 per unit, respectively. During the year ended December 31, 2024 the weighted average grant date fair value of vested and converted restricted stock units was $30.01 and forfeited restricted stock units was $28.10. The weighted average grant date fair value of non-vested restricted stock units was $27.56 and $29.09 per unit as of December 31, 2024 and 2023, respectively.
Market Performance-Based Restricted Stock Units
During each of the years ended December 31, 2024, 2023, and 2022, the Compensation Committee of the Board of Directors approved the annual grant of market performance-based restricted stock units under the 2017 Plan to associates of the Company. The awards utilize relative total stockholder return (“TSR”) over a three-year measurement period as the market performance metric. Awards will vest based on the Company’s TSR relative to the MSCI U.S. REIT Index (“RMZ”) over a three-year market performance period, or the Market Performance Period, commencing on January 1st of the grant year and ending on December 31st of the third year, as applicable (or, if earlier, ending on the date on which a change in control of the Company occurs), subject to continued services. Vesting with respect to the market condition is measured based on the difference between the Company’s TSR percentage and the TSR percentage of the RMZ, or the RMZ Relative Market Performance. In the event that the RMZ Relative Market Performance during the Market Performance Period is achieved at the
“threshold,” “target” or “high” level as set forth below, the awards will become vested as to the market condition with respect to the percentage of RSUs, as applicable, set forth below:
Performance Level ThresholdsRMZ Relative Market PerformanceMarket Performance Vesting Percentage
High Level
above 75th percentile
200 %
Target Level
50th percentile
100 %
Threshold Level
25th percentile
50 %
Below Threshold Level
below 25th percentile
0 %
If the RMZ Relative Market Performance falls between the levels specified above, the percentage of the award that will vest with respect to the market condition will be determined using straight-line linear interpolation between such levels.
The fair values of the awards were measured using a Monte Carlo simulation to estimate the probability of the market vesting condition being satisfied. The Company’s achievement of the market vesting condition is contingent on its TSR over a three-year market performance period, relative to the total stock price. Monte Carlo simulation is well-accepted for pricing market based awards, where the number of shares that will vest depends on the future stock price movements. For each simulated path, the TSR is calculated at the end of the performance period and determines the vesting percentage based on achievement of the performance target. The fair value of the RSUs is the average discounted payout across all simulation paths. Assumptions used in the valuations are summarized as follows:
Award Date
Expected Stock Price Volatility (1)
Risk-Free Interest Rate
Dividend Yield (2)
202233 %1.75 %N/A
202328 %4.77 %N/A
202429 %4.29 %N/A
(1)Volatility is based on historical stock price
(2)Dividends are assumed to be reinvested and therefore not applicable.
OP Units Activity
The following table summarizes OP unit grants under the 2017 Plan during the years ended December 31, 2024, 2023 and 2022:
Year Ended
December 31		Grantee TypeNumber of
OP Units Granted		Vesting
Period
Grant Date Fair Value
(In thousands)
2024Directors43,478 
 1 year
$1,100 
2024Associates662,200 
3 years
$16,969 
2023Directors37,827 
 1 year
$1,100 
2023Associates357,254 
 1-3 years
$11,917 
2022Directors35,593 
 1 year
$925 
2022Associates342,980 
 1-3 years
$9,087 
OP units granted for the year ended December 31, 2024 consisted of: (i) 43,478 time-based OP units with a one-year vesting period issued to non-employee directors as part of their annual compensation (ii) 425,333 time-based
graded vesting OP units with a three-year vesting period issued to certain associates in connection with the annual grant provided in March of 2024 as well as other off-cycle awards during the year and (iii) 236,867 market performance-based cliff vesting OP units with a three-year vesting period issued to certain associates in connection with the annual grant provided in March of 2024.
OP units granted for the year ended December 31, 2023 consisted of: (i) 37,827 time-based OP units with a one-year vesting period issued to non-employee directors as part of their annual compensation (ii) 163,694 time-based graded vesting OP units with various vesting periods ranging from one to three years issued to certain associates in connection with the annual grant provided in March of 2023 as well as other off-cycle awards during the year and (iii) 193,560 market performance-based cliff vesting OP units with a three-year vesting period issued to certain associates in connection with the annual grant provided in March of 2023.
OP units granted for the year ended December 31, 2022 consisted of: (i) 35,593 time-based OP units with a one-year vesting period issued to non-employee directors as part of their annual compensation (ii) 98,994 time-based graded vesting OP units with various vesting periods ranging from one to three years issued to certain associates in connection with the annual grant provided in March of 2022 as well as other off-cycle awards during the year (iii) 243,986 market performance-based cliff vesting OP units with a three-year vesting period issued to certain associates in connection with the annual grant provided in March of 2022.
The following table provides a summary of the OP unit activity under the 2017 Plan for the year ended December 31, 2024:
Year Ended December 31, 2024
OP UnitsNumber of Time-Based OP Units Aggregate Intrinsic Value (in millions)Number of Market Performance-Based OP UnitsAggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2023
235,895 $7.1 420,376 $12.7 
Granted
468,811 236,867 
Vested
(128,448)(61,089)
Forfeited
(13,273)(28,185)
Non-vested as of December 31, 2024
562,985 $12.0 567,969 $12.2 
Shares vested, but not released
372,168 8.0 83,304 — 
Total outstanding OP units
935,153 $20.0 651,273 $12.2 
The OP units granted for the years ended December 31, 2024, 2023 and 2022 had an aggregate grant date fair value of $18.1 million, $13.0 million and $10.0 million, respectively. During the year ended December 31, 2024 the weighted average grant date fair value of vested OP units was $30.67 and forfeited OP units was $31.10. The weighted average grant date fair value of non-vested OP units was $27.38 and $30.67 per unit as of December 31, 2024 and 2023, respectively.
Stock Options Activity
The following table provides a summary of option activity for the year ended December 31, 2024:
Number of OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Terms (Years)
Outstanding as of December 31, 2023
100,498 $9.81 2.7
Exercised
(32,500)9.81 
Outstanding as of December 31, 2024
67,998 $9.81 1.8
Exercisable as of December 31, 2024
67,998 $9.81 1.8
All outstanding stock options were vested as of December 31, 2021. The total intrinsic value of options exercised for the years ended December 31, 2024, 2023 and 2022 was $0.4 million, $0.1 million, and $1.9 million, respectively.
v3.25.0.1
Income Taxes
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
As discussed in Note 2 - Summary of Significant Accounting Policies, the Company operates in compliance with REIT requirements for federal income tax purposes. It is management’s intention to adhere to these requirements and maintain the Company’s REIT status. Most states where we operate conform to the federal rules recognizing REITs. The Operating Partnership is a regarded partnership under federal tax law, and the Operating Partnership’s accompanying Consolidated Financial Statements include the related provision balances for federal income taxes. A provision for taxes of the TRSs and of foreign branches of the REIT is included in our Consolidated Financial Statements.
The unremitted earnings and basis of certain foreign subsidiaries are indefinitely reinvested and the determination of that liability is not practicable. If our plans change in the future or if we elect to repatriate the unremitted earnings of our foreign subsidiaries, we would be subject to additional income taxes which could result in a higher effective tax rate. With respect to the foreign subsidiaries owned directly or indirectly by the REIT or Operating Partnership, any unremitted earnings would not be subject to additional U.S. income tax because the REIT would distribute 100% of such earnings or would receive a participation exemption.
The GILTI provisions of the TCJA impose a tax on the income of certain foreign subsidiaries in excess of a specified return on tangible assets used by the foreign companies. The Company continues to account for the GILTI inclusion as a period cost and thus has not recorded any deferred tax liability associated with GILTI. There was no material taxable deemed dividend estimated or recorded for the Company for 2024, 2023 and 2022.
The international tax framework introduced by the OECD under its Pillar 2 initiative includes a global minimum tax of 15%. Legislation adopting these provisions has been enacted in certain jurisdictions where the Company operates and is effective for the Company's 2024 year end. The Company has assessed this legislation, and the Pillar 2 provisions do not have a material impact on the Company’s tax expense.
The following is a summary of the loss from continuing operations before income taxes for the years ended December 31, 2024, 2023 and 2022 in the U.S. and foreign operations:
Years Ended December 31,
202420232022
Loss from continuing operations before income taxes
(In thousands)
U.S.
$(19,509)$(35,662)$37,040 
Foreign
(83.668)(292,427)(66,968)
Total loss from continuing operations before income taxes
$(103,177)$(328,089)$(29,928)
The benefit (expense) for income taxes from continuing operations for the years ended December 31, 2024, 2023 and 2022 is as follows:
Years Ended December 31,
202420232022
(In thousands)
Current:
U.S. federal
$57 $(9)$290 
State
(736)(3,318)(620)
Foreign
(4,103)(5,181)(3,395)
Total current portion
(4,782)(8,508)(3,725)
Deferred:
U.S. federal
(4,615)(1,264)(3,895)
State
(1,524)347 360 
Foreign
19,349 11,698 26,096 
Total deferred portion
13,210 10,781 22,561 
Total income tax benefit from continuing operations
$8,428 $2,273 $18,836 
Income tax benefit attributable to loss from continuing operations before income taxes differs from the amounts computed by applying the U.S. statutory federal income tax rate of 21% to loss from continuing operations before income taxes. The reconciliation between the statutory rate and reported amount for the years ended December 31, 2024, 2023 and 2022 is as follows:
Years Ended December 31,
202420232022
(In thousands)
Income tax benefit from continuing operations at statutory rates
$21,667 $68,899 $6,285 
Earnings from REIT - not subject to tax
(7,683)(6,612)7,742 
State income taxes, net of federal income tax benefit
(2,488)(2,616)(524)
Foreign income taxed at different rates
2,622 11,432 1,296 
Change in valuation allowance
(5,523)(10,619)1,307 
Goodwill Impairment— (57,436)— 
Non-deductible expenses
(2,188)(1,243)(4,379)
Change in status of investment— — 6,503 
Other
2,021 468 606 
Total
$8,428 $2,273 $18,836 
The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of December 31, 2024 and 2023 are as follows:
December 31,
20242023
(In thousands)
Deferred tax assets:
Net operating loss and credits carryforwards
$67,765 $74,439 
Accrued expenses
33,087 34,125 
Share-based compensation
3,132 2,890 
Lease obligations
14,244 15,155 
Other assets
2,442 3,909 
Total gross deferred tax assets
120,670 130,518 
Less: valuation allowance
(14,430)(10,895)
Total net deferred tax assets
106,240 119,623 
Deferred tax liabilities:
Intangible assets and goodwill
(71,420)(76,860)
Property, buildings and equipment
(132,646)(157,659)
Lease right-of-use assets
(14,479)(15,646)
Other liabilities
(3,315)(4,789)
Total gross deferred tax liabilities
(221,860)(254,954)
Net deferred tax liability
$(115,620)$(135,331)
As of December 31, 2024, the U.S. TRS has gross U.S. federal net operating loss carryforwards of approximately $25.0 million with no expiration, but can only be used to offset up to 80% of future taxable income annually. These losses are subject to an annual limitation under Internal Revenue Code (IRC) section 382 as a result of our IPO and a subsequent ownership change that occurred in March of 2019; however, the limitation should not impair the Company’s ability to utilize the losses. The Company has $78.7 million in REIT U.S. federal net operating loss carryforwards which were obtained through acquisitions. These losses are also subject to an annual limitation under IRC section 382; no deferred tax value has been recorded as they can only be used to reduce required distributions to stockholders, of which none has been used for this purpose.
The Company has gross state net operating loss carryforwards of approximately $36.5 million from its TRSs, of which $26.6 million will expire at various times between 2028 and 2043. The remaining $9.9 million was generated after 2017 and have no expiration.
The Company has gross foreign net operating loss carryforwards of approximately $121.7 million, of which $32.1 million will expire at various times between 2025 and 2041. The remaining $89.6 million can be carried forward indefinitely.
Annually we consider whether it is more-likely-than-not that the deferred tax assets will be realized. In making this assessment, we consider recent operating results, the expected scheduled reversal of deferred tax liabilities, projected future taxable benefits and tax planning strategies.
The Company’s policy is to accrue for interest and penalties related to unrecognized tax benefits as a component of income tax expense.
As of December 31, 2024, the Company is generally no longer subject to U.S. federal, state, local, or foreign examinations by tax authorities for years before 2019. However, for U.S. income tax purposes, the 2012, 2013,
and 2016 remain open, to the extent that net operating losses were generated in those years and continue to be subject to adjustments from taxing authorities in the tax year they are utilized.
v3.25.0.1
Employee Benefit Plans
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Employee Benefit Plans
Defined Benefit Pension and Post-Retirement Plans
The Company has defined benefit pension plans that cover certain union and nonunion associates in the U.S. Benefits under these plans are based either on years of credited service and compensation during the years preceding retirement or on years of credited service and established monthly benefit levels. The Company also has a post-retirement plan that provides life insurance coverage to eligible retired associates (collectively, with the defined benefit plans, the U.S. Plans). The Company froze benefit accruals for the U.S. Plans for nonunion associates effective April 1, 2005, and these associates no longer earn additional pension benefits. The Company also has a defined benefit plan that covers certain associates in Australia and is referenced as the ‘Superannuation Plan’ and two defined benefit plans that cover certain associates in Austria resulting from the Agro acquisition which are referenced as the ‘Austria Plans’. The Company uses a December 31 measurement date for each plan.
During 2023, the Company terminated the ARIP, which resulted in the recognition of a settlement loss of $2.5 million. Refer to Note 1 - Description of the Business of the Consolidated Financial Statements for additional information.
Actuarial information regarding these plans is as follows:
2024
Americold Retirement
Income Plan (ARIP)		National
Service-Related Pension Plan (NSRPP)		Other
Post-Retirement Benefits (OPRB)		SuperannuationAustria PlansTotal
Change in benefit obligation:
(In thousands)
Benefit obligation – January 1, 2024
$— $(27,138)$(503)$(1,559)$(2,509)(31,709)
Service cost
— — — (44)(74)(118)
Interest cost
— (1,262)(20)(74)(70)(1,426)
Actuarial gain (loss)
— 1,610 16 (109)274 1,791 
Benefits paid
— 1,344 — 45 131 1,520 
Plan participants’ contributions
— — — (16)— (16)
Foreign currency translation gain
— — — 143 158 301 
Effect of settlement
— 2,094 33 — — 2,127 
Benefit obligation – end of year
$— $(23,352)$(474)$(1,614)$(2,090)$(27,530)
Change in plan assets:
Fair value of plan assets – January 1, 2024
$— $27,365 $— $1,633 $1,314 $30,312 
Actual return on plan assets
— 472 — 539 39 1,050 
Employer contributions
— — 33 — 134 167 
Benefits paid
— (1,344)— (116)(41)(1,501)
Effect of settlement
— (2,094)(33)— — (2,127)
Plan participants’ contributions
— — — 43 — 43 
Foreign currency translation loss
— — — (436)(66)(502)
Others
— — — — (273)(273)
Fair value of plan assets – end of year
— 24,399 — 1,663 1,107 27,169 
Funded status
$— $1,047 $(474)$49 $(983)$(361)
Amounts recognized on the consolidated balance sheet as of December 31, 2024:
Pension and post-retirement asset (liability)
$— $1,047 $(474)$49 $(983)$(361)
Accumulated other comprehensive (income) loss
— (1,030)(74)96 (307)(1,315)
Amounts in accumulated other comprehensive loss (income) consist of:
Net (gain) loss
$— $(1,030)$(74)$96 $(307)$(1,315)
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Net (gain) loss
$— $(700)$(16)$13 $99 $(604)
Amortization of net loss (gain)
— 60 5 — (21)44 
Amount recognized due to special event
— 44 5 — — 49 
Foreign currency translation gain
— — — (4)— (4)
Total recognized in other comprehensive loss (income)
$— $(596)$(6)$9 $78 $(515)
Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation
 N/A  N/A $474 $1,614 $2,090 $4,178 
Accumulated benefit obligation
 N/A  N/A $474 $1,482 $1,833 $3,789 
Fair value of plan assets
 N/A  N/A $— $1,663 $1,107 $2,770 
2023
Americold Retirement
Income Plan (ARIP)		National
Service-Related Pension Plan (NSRPP)		Other
Post-Retirement Benefits (OPRB)		SuperannuationAustria PlansTotal
Change in benefit obligation:
(In thousands)
Benefit obligation – January 1, 2023
$(33,811)$(26,604)$(493)$(1,268)$(2,421)$(64,597)
Service cost
— — — (48)(102)(150)
Interest cost
(1,603)(1,322)(21)(64)(84)(3,094)
Actuarial (loss) gain
(1,199)(474)11 (209)130 (1,741)
Benefits paid
1,487 1,262 — 48 44 2,841 
Plan participants’ contributions
— — — (18)— (18)
Foreign currency translation loss
— — — — (76)(76)
Effect of settlement
35,126 — — — — 35,126 
Benefit obligation – end of year
$— $(27,138)$(503)$(1,559)$(2,509)$(31,709)
Change in plan assets:
Fair value of plan assets – January 1, 2023
$34,992 $26,999 $— $1,508 $1,143 $64,642 
Actual return on plan assets
403 1,629 — 335 (21)2,346 
Employer contributions
1,216 — — — 115 1,331 
Benefits paid
(1,486)(1,263)— (103)— (2,852)
Effect of settlement
(35,125)— — — — (35,125)
Plan participants’ contributions
— — — 47 — 47 
Foreign currency translation (loss) gain
— — — (154)77 (77)
Fair value of plan assets – end of year
— 27,365 — 1,633 1,314 30,312 
Funded status
$— $227 $(503)$74 $(1,195)$(1,397)
Amounts recognized on the consolidated balance sheet as of December 31, 2023:
Pension and post-retirement asset (liability)
$— $227 $(503)$74 $(1,195)$(1,397)
Accumulated other comprehensive loss (income)
3,699 (267)(68)93 (142)$3,315 
Amounts in accumulated other comprehensive loss (income) consist of:
Net loss (gain)
$3,699 $(267)$(68)$93 $(142)$3,315 
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Net loss (gain)
$1,880 $199 $(8)$121 $(130)$2,062 
Amortization of net (gain) loss
(646)77 2 — (14)(581)
Amount recognized due to settlement
(2,152)— — — — (2,152)
Foreign currency translation gain
— — — (35)— (35)
Effect of tax
3,005 — — — — 3,005 
Total recognized in other comprehensive loss (income)
$2,087 $276 $(6)$86 $(144)$2,299 
Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation
N/AN/A$503 $1,559 $2,509 $4,571 
Accumulated benefit obligation
N/AN/A$504 $1,412 $2,215 $4,131 
Fair value of plan assets
N/AN/A$— $1,633 $1,312 $2,945 
The components of net period benefit cost for the years ended December 31, 2024, 2023 and 2022 are as follows:
December 31, 2024
Americold Retirement
Income Plan (ARIP)		National
Service-Related Pension Plan (NSRPP)		Other
Post-Retirement Benefits (OPRB)		SuperannuationAustria PlansTotal
Components of net periodic benefit cost:
(In thousands)
Service cost
$— $— $— $44 $74 $118 
Interest cost
— 1,262 20 74 70 1,426 
Expected return on plan assets
— (1,214)— (117)— (1,331)
Amortization of net (gain) loss
— (60)(5)— 21 (44)
Effect of settlement
— (44)(5)— — (49)
Net pension benefit (income) cost
$— $(56)$10 $1 $165 $120 
December 31, 2023
Americold Retirement
Income Plan (ARIP)		National
Service-Related Pension Plan (NSRPP)		Other
Post-Retirement Benefits (OPRB)		SuperannuationAustria PlansTotal
Components of net periodic benefit cost:
(In thousands)
Service cost
$— $— $— $48 $102 150 
Interest cost
1,603 1,322 21 64 84 3,094 
Expected return on plan assets
(1,120)(1,285)— (69)— (2,474)
Amortization of net loss (gain)
646 (77)(2)— 14 581 
Effect of settlement
2,152 — — — — 2,152 
Net pension benefit cost (income)
$3,281 $(40)$19 $43 $200 $3,503 
December 31, 2022
Americold Retirement
Income Plan (ARIP)		National
Service-Related Pension Plan (NSRPP)		Other
Post-Retirement Benefits (OPRB)		SuperannuationAustria PlansTotal
Components of net periodic benefit cost:
(In thousands)
Service cost
$— $— $— $47 $97 144 
Interest cost
1,025 990 11 31 22 2,079 
Expected return on plan assets
(2,702)(2,094)— (77)— (4,873)
Amortization of net loss (gain)
101 117 — — (13)205 
Amortization of prior service cost
— — — 21 — 21 
Effect of settlement
319 — (11)— — 308 
Net pension benefit (income) cost
$(1,257)$(987)$— $22 $106 $(2,116)
The service cost component of defined benefit pension cost and postretirement benefit cost are presented in “Selling, general, and administrative”, the effect of settlement of the ARIP in 2023 is reflected in “Acquisition,
cyber incident, and other, net”, and all other components of net period benefit cost are presented in “Other, net” on the Consolidated Statements of Operations.
The Company recognizes all changes in the fair value of plan assets and net actuarial gains or losses at December 31 each year. Prior service costs and gains/losses are amortized based on a straight-line method over the average future service of members that are expected to receive benefits.
All actuarial gains/losses are exposed to amortization over an average future service period of 5.5 years for the National Service-Related Pension Plan, 3.6 years for Other Post-Retirement Benefits, 6.5 years for Superannuation, and 4.3 years for Austria Plans as of December 31, 2024.
The weighted average assumptions used to determine benefit obligations and net period benefit costs for the years ended December 31, 2024, 2023 and 2022 are as follows:
December 31, 2024
ARIPNSRPPOPRBSuperannuationAustria Plans
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate
 N/A 5.48%4.95%5.30%3.12%
Rate of compensation increase
 N/A  N/A  N/A 3.00%3.00%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate
 N/A 4.82%4.57%5.25%3.41%
Expected return on plan assets
 N/A 5.50% N/A 7.50% N/A
Rate of compensation increase
 N/A  N/A  N/A 3.00% N/A
December 31, 2023
ARIPNSRPPOPRBSuperannuationAustria Plans
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate
N/A4.90%4.57%5.25%3.41%
Rate of compensation increase
N/AN/AN/A3.00%3.00%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate
N/A5.11%4.81%5.40%3.78%
Expected return on plan assets
N/A5.50%N/A5.00%N/A
Rate of compensation increase
N/AN/AN/A2.50%N/A
December 31, 2022
ARIPNSRPPOPRBSuperannuationAustria Plans
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate
5.02%5.11%4.81%5.40%3.78%
Rate of compensation increase
N/AN/AN/A2.50%3.00%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate
2.49%2.77%1.95%2.55%0.94%
Expected return on plan assets
6.50%6.50%N/A5.00%N/A
Rate of compensation increase
N/AN/AN/A2.50%N/A
The estimated net gain for the defined benefit plans in the U.S. that will be amortized from accumulated other comprehensive income into net periodic benefit cost during 2025 is less than $0.2 million. There are no estimated prior service costs associated with these plans to be amortized from accumulated other comprehensive income during 2025.
There are no estimated net gains for the Superannuation Plan or Austria Plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost during 2025. The estimated prior service costs associated with these plans to be amortized from accumulated other comprehensive income during 2025 is nominal.
Plan Assets
The Company’s overall investment strategy is to achieve a mix of investments for long-term growth and near-term benefit payments. The Company invests in both U.S. and non-U.S. equity securities, fixed-income securities, and real estate. The Austria Plans’ assets are held in an insurance annuity contract, which is determined based on the cash surrender value of the insurance contract, with an independent insurance company. The contract is classified within level 3 of the valuation hierarchy. As of December 31, 2024, approximately 89% of total plan assets are allocated to fixed-income securities. To develop the assumption for the long-term rate of return on assets, the Company considered the historical returns and the future expectations for returns for each asset class, as well as the target asset allocation of the U.S. Plans’ and Superannuation Plan’s assets, adjusted for expected contributions, distributions, administrative expenses and the effect of periodic rebalancing, consistent with the Company’s investment strategies. For 2025, the Company expects to receive a long-term rate of return of 5.5% for the NSRPP, and 7.5% for the Superannuation Plan. All plans are invested to maximize the return on assets while minimizing risk by diversifying across a broad range of asset classes.
The fair values of the Company’s pension plan assets by category, are as follows:
December 31, 2024
Level 1Level 2Level 3Total
Assets
(In thousands)
U.S. equities:
Large cap
$— $1,800 $— $1,800 
Fixed-income securities:
Money markets
— 124 — 124 
U.S. bonds(1)
22,052 — — 22,052 
Real estate(2)
— 423 — 423 
Common/collective trusts
— 1,663 — 1,663 
Other— — 1,107 1,107 
Total assets
$22,052 $4,010 $1,107 $27,169 
December 31, 2023
Level 1Level 2Level 3Total
Assets
(In thousands)
U.S. equities:
Large cap
$— $1,207 $— $1,207 
Fixed-income securities:
Money markets
— — — — 
U.S. bonds(1)
24,564 — — 24,564 
Real estate(2)
— 1,597 — 1,597 
Common/collective trusts
— 1,621 — 1,621 
Other— — 1,323 1,323 
Total assets
$24,564 $4,425 $1,323 $30,312 
(1)Includes publicly traded funds which primarily hold debt and fixed-income securities.
(2)Includes funds in a separate account held by a regulated investment company that invest primarily in commercial real estate and includes mortgage loans which are backed by the associated properties. The Company can call the investment in these assets with no restrictions.
The U.S. Plans’ assets are in commingled funds that are valued using net asset values. The net asset values are based on the value of the underlying assets owned by the fund, minus its liabilities, and then divided by the number of shares outstanding. The pension assets are classified as Level 1 when the net asset values are based on a quoted price in an active market. The pension assets are classified as Level 2 when the net asset value is based on a quoted price on a private market that is not active and the underlying investments are traded on an active market. The pension assets are classified as Level 3 when fair value is determined using unobservable inputs. These unobservable inputs reflect the company’s own assumptions based on the best available information.
The Company expects to contribute an immaterial amount to certain plans during 2025 based on the expected funded status of the plans.
Estimated Future Benefit Payments
The following benefit payments, which reflect expected future services, as appropriate, are expected to be paid for all plans as of December 31, 2024:
Years Ending December 31:
(In thousands)
2025$2,204 
20262,011 
20272,044 
20281,930 
20292,028 
Thereafter13,542 
Total
$23,759 
Multi-Employer Plans
The Company contributes to a number of multi-employer benefit plans under the terms of collective bargaining agreements that cover union-represented associates. These plans generally provide for retirement, death, and/or termination benefits for eligible associates within the applicable collective bargaining units, based on specific eligibility/participation requirements, vesting periods, and benefit formulas. The risks of participating in these multi-employer plans are different from single-employer plans in the following aspects:
•Assets contributed to the multi-employer plan by one employer may be used to provide benefits to associates of other current or former participating employers.
•    If a participating employer stops contributing to the multi-employer plan without paying its unfunded liability, the unfunded obligations of the plan may be borne by the remaining participating employers.
•    If the Company chooses to cease participation in a multi-employer plan, such full withdrawal is subject to the payment of any unfunded liability applicable to the Company, referred to as a withdrawal liability. Additionally, such withdrawal is subject to collective bargaining.
The table below outlines the Company’s participation in multi-employer pension plans for the periods ended December 31, 2024, 2023 and 2022, and sets forth the contributions into each plan. The Company currently participates in certain of these plans in its warehouse segment, and previously on behalf of a customer within its Third-party managed segment. The participation in certain plans related to the Third-party managed agreements were transitioned to a new third-party provider during 2022. Under the terms of the operating agreements, the contributions made to these funds were reimbursed to the Company by the customer as a pass-through cost within Third-party managed revenues. The approximate proportion of contributions to these plans on behalf of the customer is denoted below the table. The “EIN” column provides the Employer Identification Number (“EIN”). The most recent Pension Protection Act Zone Status available in 2024 relates to the plans’ most recent fiscal year-end. The zone status is based on information that we received from the plans’ administrators and is certified by each plan’s actuary. Among other factors, plans certified in the red zone are generally less than 65% funded, plans certified in the orange zone are (i) less than 80% funded and (ii) have an accumulated funding deficiency or are expected to have a deficiency in any of the next six plan years, plans certified in the yellow zone are less than 80% funded, and plans certified in the green zone are at least 80% funded. As of December 31, 2024, for the plans included in the table below with a Zone Status of Yellow, the fund has implemented a financial improvement plan (“FIP”), and for the plans with a Zone Status of Red, the fund has implemented a rehabilitation plan (“RP”).
The Company’s collective-bargained contributions satisfy the requirements of all implemented FIPs and RPs and do not currently require the payment of any surcharges. In addition, minimum contributions outside the agreed-upon contractual rate are not required. For the plans detailed in the following table, the expiration dates of the associated collective bargaining agreements range from 2025 through 2029. For all the plans detailed in the following table, the Company has not contributed more than 5% of the total plan contribution for 2024, 2023 and 2022.
The Company contributes to multi-employer plans that cover approximately 36% of union associates as of December 31, 2024. Projected minimum contributions required for the upcoming fiscal year are approximately $3.6 million. The table below presents the amounts charged to expense within the Consolidated Statements of Operations for the Company’s contributions to the multi-employer plans for the years ended December 31, 2024, 2023 and 2022.
Pension FundEINZone StatusAmericold Contributions
202420232022
(In thousands)
Central Pension Fund of the International Union of Operating Engineers and Participating Employers(1)
36-6052390Green$64$7$8
Central States SE & SW Areas Health and Welfare Pension Plans(2)(3)
36-6044243Red—39,546
New England Teamsters & Trucking Industry Pension Plan(4)
04-6372430Red—592655
Alternative New England Teamsters & Trucking Industry Pension Plan
04-6372430Red230288326
I.U.O.E Stationary Engineers Local 39 Pension Fund(2)
94-6118939Green114138181
United Food & Commercial Workers International Union Industry Pension Fund(5)(6)
51-6055922Green——109
Western Conference of Teamsters Pension Fund(2)(3)
91-6145047Green2,8132,8667,586
Minneapolis Food Distributing Industry Pension Plan(2)
41-6047047Green154175136
WWEC Local 863 Pension Fund26-3541447Yellow383,1272,389
Total Contributions(7)
$3,413$7,196$20,936
(1)The status information is for the plan’s year end at January 31, 2024 and 2023.
(2)The status information is for the plans’ year end at December 31, 2024 and 2023.
(3)A portion of the Company’s participation in this plan related to Third-party managed sites that the Company no longer manages as of December 31, 2022.
(4)The status information is for the plan’s year end at September 30, 2024 and 2023. The Company withdrew from the multi-employer plan on October 31, 2017. The related liability of $6.0 million as of December 31, 2024 is reflected in “Other liabilities” on the accompanying Consolidated Balance Sheets and will be repaid over the next 23 years.
(5)The status information is for the plan’s year end at June 30, 2024 and 2023.
(6)As of December 31, 2022, the Company no longer participates in this fund as the Company no longer manages the related Third-party managed sites.
(7)Approximately 70% of total contributions made during each of the year ended December 31, 2022, related to Third-party managed sites that the Company has ceased operating agreements for as of December 31, 2022, and for which it received reimbursement of these costs. As a result of ceasing the operating agreements, the Company will no longer be required to contribute to these Funds related to the former Third-party managed operations
Government-Sponsored Plans
The Company contributes to certain government-sponsored plans in Australia and Argentina. The amounts charged to expense recognized in Selling, general, and administrative expenses on the Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022 were $9.1 million, $8.3 million and $7.7 million, respectively.
Defined Contribution Plans
The Company has defined contribution employee benefit plans, which cover all eligible associates. The plans also allow contributions by plan participants in accordance with Section 401(k) of the IRC. The Company matches a percentage of each employee’s contributions consistent with the provisions of the plans. The aggregate cost of our contributions to the 401(k) plans charged to expense in Selling, general, and administrative expenses on the Consolidated Statements of Operations for each of the years ended December 31, 2024, 2023 and 2022 was $11.8 million, $11.9 million and $11.4 million, respectively.
Deferred Compensation
The Company has deferred compensation and supplemental retirement plan agreements with certain of its executives. The agreements provide for certain benefits at retirement or disability and also provide for survivor benefits in the event of death of the employee. The Company contribution amounts charged to expense relative to this plan were nominal for the years ended December 31, 2024, 2023 and 2022.
v3.25.0.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Collective Bargaining Agreements
As of December 31, 2024, we employed 13,755 people worldwide. As of December 31, 2024, approximately 31% of our associates were represented by various local labor unions and associations. During 2025, the Company expects to renegotiate 12 collective bargaining agreements, which make up approximately 5% of our associate population. The Company does not anticipate any workplace disruptions during this renegotiation process.
Cybersecurity Incident
As a result of the Cyber Incident referenced in Note 1 - Description of the Business, the Company has received claims for reimbursement from a number of customers pursuant to the terms of the contracts between each of those customers and the Company. As of December 31, 2024, the Company maintains an accrual of $5.3 million, which represents management’s best estimate of the amount of loss related to unsettled claims based on its evaluation of the relevant contract terms and other relevant facts and circumstances to date. Actual losses may differ from the amounts accrued based on the ultimate resolution of customer claims.
Legal Proceedings
In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company and its legal counsel evaluate the merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought. If the assessment of a contingency suggests that a loss is probable, and the amount can be reasonably estimated, then a loss is recorded.
In addition to any matters discussed herein, the Company may be subject to litigation and claims arising from the ordinary course of business. In the opinion of management, after consultation with legal counsel, the outcome of such matters is not expected to have a material impact on the Company’s financial condition, results of operations, or cash flows.
Environmental Matters
The Company is subject to a wide range of environmental laws and regulations in each of the locations in which the Company operates. Compliance with these requirements can involve significant capital and operating costs. Failure to comply with these requirements can result in civil or criminal fines or sanctions, claims for environmental damages, remediation obligations, the revocation of environmental permits, or restrictions on the Company’s operations.
The Company records accruals for environmental matters when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated based on current law and existing technologies. The Company adjusts these accruals periodically as assessment and remediation efforts progress or as additional technical or legal information become available. The Company had nominal amounts recorded as environmental liabilities in “Accounts payable and accrued expenses” as of December 31, 2024 and 2023 on the Consolidated Balance Sheets. Most of the Company’s warehouses utilize ammonia as a refrigerant. Ammonia is classified as a hazardous chemical regulated by the Environmental Protection Agency, and an accident or significant release of ammonia from a warehouse could result in injuries, loss of life, and property damage. Future changes in applicable environmental laws or regulations, or in the interpretations of such laws and regulations, could negatively impact the Company. The Company believes it is in compliance with applicable environmental regulations in all material respects. Under various U.S. federal, state, and local environmental laws, a current or previous owner or operator of real estate may be liable for the entire cost of investigating, removing, and/or remediating hazardous or toxic substances on such property. Such laws often impose liability whether or not the owner or operator knew of, or was responsible for, the contamination. Even if more than one person may have been responsible for the contamination, each person covered by the environmental laws may be held responsible for the entire clean-up cost. There were no material unrecorded contingent liabilities as of December 31, 2024 and 2023.
Occupational Safety and Health Act (“OSHA”)
The Company’s warehouses located in the U.S. are subject to regulation under OSHA, which requires employers to provide associates with an environment free from hazards, such as exposure to toxic chemicals, excessive noise levels, mechanical dangers, heat or cold stress, and unsanitary conditions. The cost of complying with OSHA and similar laws enacted by states and other jurisdictions in which we operate can be substantial, and any failure to comply with these regulations could expose us to substantial penalties and potentially to liabilities to associates who may be injured at our warehouses. The Company records accruals for OSHA matters when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. The Company believes that it is in substantial compliance with all OSHA regulations and that no material unrecorded liabilities exist as of December 31, 2024 and 2023. Future changes in applicable environmental laws or regulations, or in the interpretation of such laws and regulations, could negatively impact the Company.
v3.25.0.1
Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The Company reports activity in Accumulated other comprehensive income (loss) (“AOCI”) for foreign currency translation adjustments, including the translation adjustment for investments in partially owned entities, unrealized gains and losses on designated derivatives, and minimum pension liability adjustments (net of tax). The activity in AOCI for the years ended December 31, 2024, 2023 and 2022 is as follows:
Years Ended December 31,

202420232022
(In thousands)
Opening balance - accumulated other comprehensive (loss) income$(16,640)$(6,050)$4,522 
Pension and other postretirement benefits:
Balance at beginning of period, net of tax$383 $2,682 $5,058 
Gain (loss) arising during period515 (2,299)(2,397)
Amortization of prior service cost— — 21 
Net gain (loss) on pension and other postretirement benefit515 (2,299)(2,376)
Balance at end of period, net of tax$898 $383 $2,682 
Foreign currency translation adjustments:
Balance at beginning of period, net of tax$(31,587)$(26,650)$(3,136)
Cumulative translation adjustment(71,343)26,956 (90,482)
Removal of hedge designation(10,410)— — 
Derecognition of cumulative foreign currency translation upon deconsolidation of entity contributed to a joint venture— — 4,970 
Non-derivative net investment hedges67,312 (31,893)61,998 
Net loss on foreign currency translation(14,441)(4,937)(23,514)
Balance at end of period, net of tax$(46,028)$(31,587)$(26,650)
Designated derivatives:
Balance at beginning of period, net of tax$14,564 $17,918 $2,600 
Cash flow hedge derivatives27,765 8,532 21,505 
Net amount reclassified from AOCI to net loss(24,478)(11,886)(6,187)
Net gain (loss) on designated derivatives3,287 (3,354)15,318 
Balance at end of period, net of tax$17,851 $14,564 $17,918 
Closing balance - accumulated other comprehensive loss$(27,279)$(16,640)$(6,050)
v3.25.0.1
Geographic Concentrations
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Geographic Concentrations Geographic Concentrations
The following table provides total and long-lived assets by geography as of December 31, 2024 and 2023:
Long-Lived AssetsTotal Assets
December 31, 2024December 31, 2023December 31, 2024December 31, 2023
(In thousands)
North America
$4,560,688 $5,213,729 $6,408,763 $6,369,346 
Europe580,737 684,201 811,717 926,920 
Asia-Pacific
344,835 418,602 484,090 533,581 
South America
25,611 35,963 31,384 39,405 
Total
$5,511,871 $6,352,495 $7,735,954 $7,869,252 
Segment Information
Our operating segments are aggregated into three reportable segments: Warehouse, Transportation, and Third-party managed.
•Warehouse. Our core business is our warehouse segment, where we provide temperature-controlled warehouse storage and related handling and other warehouse services. We collect rent and storage fees to store customer’s frozen and perishable food and other products. Our handling services optimize our customer’s product movement through the cold chain, including placement, case-picking, blast freezing, e-commerce fulfillment, and other recurring handling services.
Significant warehouse segment expenses include labor, power, other facilities costs, and other service costs.
Labor - Labor, the most significant part of warehouse expenses, covers wages, benefits, workers' compensation.
Power - The cost of power, also a significant cost of operations, fluctuates based on the price of power in the regions that our facilities operate and the required temperature zone or freezing required.
Other Facilities Costs - Other facilities costs include utilities other than power, property taxes and insurance, sanitation, repairs and maintenance, operating lease rent charges, security, and other related facilities costs.
Other Service Costs - Other services costs include equipment costs, warehouse consumables (e.g. shrink-wrap), employee protective equipment, warehouse administration and other related services costs.
•Transportation. In our transportation segment, we broker, manage or operate transportation of frozen and perishable food and other products for our customers. Our services include consolidation (i.e., combining products for efficient shipment), freight under management services (i.e., arranging and overseeing transportation of customer inventory) and dedicated transportation, each designed to improve efficiency and reduce transportation and logistics costs to our customers.
Transportation services cost of operations are primarily affected by third-party carrier costs, which are influenced by carrier factors like driver and equipment availability. In select markets, we use our drivers and assets, incurring costs like wages, fuel, tolls, insurance, and maintenance to operate these assets.
•Third party managed. Under our third-party managed segment, we manage warehouses on behalf of third parties and provide warehouse management services to leading food manufacturers and retailers in their owned facilities.
Third-party managed services cost of operations, which are recognized on a pass through basis, primarily consist of labor charges similar to those described above as a component of warehouse costs of operations
During the fourth quarter of 2022, we strategically transitioned the management of our largest third-party managed customer’s warehouses to a new third-party provider, and our operations ceased. As part of this transition, we agreed to continue to process certain costs for this customer for a period of time, and will continue to receive reimbursement for all such costs.
The accounting policies used in the preparation of our reportable segments financial information are the same as those used in the preparation of our Consolidated Financial Statements. Our chief operating decision maker is our Chief Executive Officer and uses segment contribution to evaluate segment performance and to allocate resources.
Segment contribution metrics help investors understand revenues, costs, and earnings among service types. Segment contribution is calculated as earnings before interest expense, taxes, depreciation and amortization, and excluding corporate Selling, general, and administrative expense; Acquisition, cyber incident, and other, net; Impairment of indefinite and long-lived assets; gain or loss on sale of real estate and all components of non-operating other income and expense.
Selling, general and administrative functions support all the business segments. Therefore, the related expense is not allocated to segments as the chief operating decision maker does not use it to evaluate segment performance and to allocate resources. Segment contribution is not a measurement of financial performance under U.S. GAAP and should not be considered an alternative to operating income. The Company has not disclosed assets by reportable segments, as asset information is not used by our chief operating decision maker to facilitate resource allocations.
The following table presents segment revenues, significant segment expenses and segment contribution with a reconciliation to Loss from continuing operations before income taxes for the years ended December 31, 2024, 2023 and 2022:
Years Ended December 31,
202420232022
(In thousands)
Segment revenues:
Warehouse$2,416,743 $2,391,089 $2,302,971 
Transportation209,129 239,670 313,358 
Third-party managed40,669 42,570 298,406 
Total revenues2,666,541 2,673,329 2,914,735 
Significant Segment Expenses:
Warehouse:
Power147,453 147,750 155,661 
Other facilities costs256,910 247,743 231,944 
Labor998,543 1,023,806 1,006,862 
Other services costs212,124 249,187 272,272 
Total Warehouse Cost of Operations
1,615,030 1,668,486 1,666,739 
Transportation services cost of operations172,606 197,630 265,956 
Third-party managed services cost of operations32,178 36,641 286,077 
Total segment expenses
$1,819,814 $1,902,757 $2,218,772 
Segment contribution:
Warehouse801,713 722,603 636,232 
Transportation36,523 42,040 47,402 
Third-party managed8,491 5,929 12,329 
Total segment contribution846,727 770,572 695,963 
Depreciation and amortization(360,817)(353,743)(331,446)
Selling, general, and administrative(255,118)(226,786)(231,067)
Acquisition, cyber incident, and other, net(77,169)(64,087)(32,511)
Impairment of indefinite and long-lived assets(33,126)(236,515)(7,380)
Net gain (loss) from real estate3,514 2,254 (5,689)
Interest expense(135,323)(140,107)(116,127)
Loss on debt extinguishment, modifications and termination of derivative instruments(116,082)(2,482)(3,217)
Loss from investments in partially owned entities(3,702)(1,442)(918)
Impairment of related party loan receivable— (21,972)— 
Loss on put option— (56,576)— 
Other, net27,919 2,795 2,464 
Loss from continuing operations before income taxes$(103,177)$(328,089)$(29,928)
v3.25.0.1
Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information Geographic Concentrations
The following table provides total and long-lived assets by geography as of December 31, 2024 and 2023:
Long-Lived AssetsTotal Assets
December 31, 2024December 31, 2023December 31, 2024December 31, 2023
(In thousands)
North America
$4,560,688 $5,213,729 $6,408,763 $6,369,346 
Europe580,737 684,201 811,717 926,920 
Asia-Pacific
344,835 418,602 484,090 533,581 
South America
25,611 35,963 31,384 39,405 
Total
$5,511,871 $6,352,495 $7,735,954 $7,869,252 
Segment Information
Our operating segments are aggregated into three reportable segments: Warehouse, Transportation, and Third-party managed.
•Warehouse. Our core business is our warehouse segment, where we provide temperature-controlled warehouse storage and related handling and other warehouse services. We collect rent and storage fees to store customer’s frozen and perishable food and other products. Our handling services optimize our customer’s product movement through the cold chain, including placement, case-picking, blast freezing, e-commerce fulfillment, and other recurring handling services.
Significant warehouse segment expenses include labor, power, other facilities costs, and other service costs.
Labor - Labor, the most significant part of warehouse expenses, covers wages, benefits, workers' compensation.
Power - The cost of power, also a significant cost of operations, fluctuates based on the price of power in the regions that our facilities operate and the required temperature zone or freezing required.
Other Facilities Costs - Other facilities costs include utilities other than power, property taxes and insurance, sanitation, repairs and maintenance, operating lease rent charges, security, and other related facilities costs.
Other Service Costs - Other services costs include equipment costs, warehouse consumables (e.g. shrink-wrap), employee protective equipment, warehouse administration and other related services costs.
•Transportation. In our transportation segment, we broker, manage or operate transportation of frozen and perishable food and other products for our customers. Our services include consolidation (i.e., combining products for efficient shipment), freight under management services (i.e., arranging and overseeing transportation of customer inventory) and dedicated transportation, each designed to improve efficiency and reduce transportation and logistics costs to our customers.
Transportation services cost of operations are primarily affected by third-party carrier costs, which are influenced by carrier factors like driver and equipment availability. In select markets, we use our drivers and assets, incurring costs like wages, fuel, tolls, insurance, and maintenance to operate these assets.
•Third party managed. Under our third-party managed segment, we manage warehouses on behalf of third parties and provide warehouse management services to leading food manufacturers and retailers in their owned facilities.
Third-party managed services cost of operations, which are recognized on a pass through basis, primarily consist of labor charges similar to those described above as a component of warehouse costs of operations
During the fourth quarter of 2022, we strategically transitioned the management of our largest third-party managed customer’s warehouses to a new third-party provider, and our operations ceased. As part of this transition, we agreed to continue to process certain costs for this customer for a period of time, and will continue to receive reimbursement for all such costs.
The accounting policies used in the preparation of our reportable segments financial information are the same as those used in the preparation of our Consolidated Financial Statements. Our chief operating decision maker is our Chief Executive Officer and uses segment contribution to evaluate segment performance and to allocate resources.
Segment contribution metrics help investors understand revenues, costs, and earnings among service types. Segment contribution is calculated as earnings before interest expense, taxes, depreciation and amortization, and excluding corporate Selling, general, and administrative expense; Acquisition, cyber incident, and other, net; Impairment of indefinite and long-lived assets; gain or loss on sale of real estate and all components of non-operating other income and expense.
Selling, general and administrative functions support all the business segments. Therefore, the related expense is not allocated to segments as the chief operating decision maker does not use it to evaluate segment performance and to allocate resources. Segment contribution is not a measurement of financial performance under U.S. GAAP and should not be considered an alternative to operating income. The Company has not disclosed assets by reportable segments, as asset information is not used by our chief operating decision maker to facilitate resource allocations.
The following table presents segment revenues, significant segment expenses and segment contribution with a reconciliation to Loss from continuing operations before income taxes for the years ended December 31, 2024, 2023 and 2022:
Years Ended December 31,
202420232022
(In thousands)
Segment revenues:
Warehouse$2,416,743 $2,391,089 $2,302,971 
Transportation209,129 239,670 313,358 
Third-party managed40,669 42,570 298,406 
Total revenues2,666,541 2,673,329 2,914,735 
Significant Segment Expenses:
Warehouse:
Power147,453 147,750 155,661 
Other facilities costs256,910 247,743 231,944 
Labor998,543 1,023,806 1,006,862 
Other services costs212,124 249,187 272,272 
Total Warehouse Cost of Operations
1,615,030 1,668,486 1,666,739 
Transportation services cost of operations172,606 197,630 265,956 
Third-party managed services cost of operations32,178 36,641 286,077 
Total segment expenses
$1,819,814 $1,902,757 $2,218,772 
Segment contribution:
Warehouse801,713 722,603 636,232 
Transportation36,523 42,040 47,402 
Third-party managed8,491 5,929 12,329 
Total segment contribution846,727 770,572 695,963 
Depreciation and amortization(360,817)(353,743)(331,446)
Selling, general, and administrative(255,118)(226,786)(231,067)
Acquisition, cyber incident, and other, net(77,169)(64,087)(32,511)
Impairment of indefinite and long-lived assets(33,126)(236,515)(7,380)
Net gain (loss) from real estate3,514 2,254 (5,689)
Interest expense(135,323)(140,107)(116,127)
Loss on debt extinguishment, modifications and termination of derivative instruments(116,082)(2,482)(3,217)
Loss from investments in partially owned entities(3,702)(1,442)(918)
Impairment of related party loan receivable— (21,972)— 
Loss on put option— (56,576)— 
Other, net27,919 2,795 2,464 
Loss from continuing operations before income taxes$(103,177)$(328,089)$(29,928)
v3.25.0.1
Loss per Common Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Loss per Common Share Loss per Common Share
Basic loss per share and Diluted loss per share are calculated by dividing the Net loss attributable to common stockholders by the basic and diluted weighted-average common stock outstanding in the period, respectively, using the allocation method prescribed by the two-class method. The Company applies this method to compute earnings per share because it distributes non-forfeitable dividend equivalents on restricted stock units and Operating Partnership units granted to certain associates and non-employee directors who have the right to participate in the distribution of common dividends while the restricted stock units and Operating Partnership units are unvested.
A reconciliation of the basic and diluted weighted-average common stock outstanding for the years ended December 31, 2024, 2023 and 2022 is as follows:
Years Ended December 31,
202420232022
(In thousands)
Weighted-average common stock outstanding – basic
284,782 275,773 269,565 
Weighted average common stock outstanding – diluted
284,782 275,773 269,565 
For the years ended December 31, 2024, 2023 and 2022, potential common stock under the treasury stock method and the if-converted method were antidilutive because the Company reported a net loss for such periods. Consequently, the Company did not have any adjustments between basic and diluted loss per share related to stock-based awards for those periods.
The table below presents the number of antidilutive potential common shares that are not considered in the calculation of diluted loss per share:
Years Ended December 31,
202420232022
(In thousands)
Employee stock options54 83 163 
Restricted stock units488 406 1,549 
Operating Partnership units
238 254 769 
Total
780 743 2,481 
v3.25.0.1
Revenue from Contracts with Customers
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Disaggregated Revenues
The following tables represent a disaggregation of revenues from contracts with customers for the years ended December 31, 2024, 2023 and 2022 by segment and geographic region:
December 31, 2024
North AmericaEuropeAsia-PacificSouth AmericaTotal
(In thousands)
Warehouse rent and storage
$840,571 $73,719 $75,037 $8,380 $997,707 
Warehouse services
1,104,680 102,731 144,118 5,706 1,357,235 
Transportation
108,015 59,122 39,169 2,823 209,129 
Third-party managed
16,138 — 24,531 — 40,669 
Total revenues (1)
2,069,404 235,572 282,855 16,909 2,604,740 
Lease revenues (2)
54,107 5,320 2,374 — 61,801 
Total revenues
$2,123,511 $240,892 $285,229 $16,909 $2,666,541 
December 31, 2023
North AmericaEuropeAsia-PacificSouth AmericaTotal
(In thousands)
Warehouse rent and storage
$889,285 $81,176 $71,438 $7,758 $1,049,657 
Warehouse services
1,046,910 100,966 136,496 4,975 1,289,347 
Transportation
125,755 76,631 34,718 2,566 239,670 
Third-party managed
19,837 — 22,733 — 42,570 
Total revenues (1)
2,081,787 258,773 265,385 15,299 2,621,244 
Lease revenues (2)
43,672 5,850 2,563 — 52,085 
Total revenues
$2,125,459 $264,623 $267,948 $15,299 $2,673,329 
December 31, 2022
North AmericaEuropeAsia-PacificSouth AmericaTotal
(In thousands)
Warehouse rent and storage
$800,763 $77,017 $67,622 $9,587 $954,989 
Warehouse services
1,038,145 118,152 141,557 5,729 1,303,583 
Transportation
154,669 125,055 31,551 2,083 313,358 
Third-party managed
277,010 — 21,396 — 298,406 
Total revenues (1)
2,270,587 320,224 262,126 17,399 2,870,336 
Lease revenues (2)
38,909 5,490 — — 44,399 
Total revenues
$2,309,496 $325,714 $262,126 $17,399 $2,914,735 
(1)Revenues are within the scope of ASC 606: Revenue From Contracts With Customers. Elements of contracts or arrangements that are in the scope of other standards (e.g., leases) are separated and accounted for under those standards.
(2)Revenues are within the scope of ASC 842: Leases.
Performance Obligations
Substantially all of our revenues for warehouse storage and handling services, and management and incentive fees earned under third-party managed and other contracts are recognized over time as the customer benefits equally throughout the period until the contractual term expires. Typically, revenues are recognized over time using an output measure (e.g. passage of time). Revenues are recognized at a point in time upon delivery when the customer typically obtains control for most accessorial services, transportation services and reimbursed costs.
For arrangements containing non-cancellable contract terms, any variable consideration related to storage renewals or incremental handling charges above stated minimums are 100% constrained and not included in aggregate amount of the transaction price allocated to the unsatisfied performance obligations disclosed below, given the degree in difficulty in estimation. Payment terms are generally 0 - 30 days upon billing, which is typically monthly, either in advance or subsequent to the performance of services. The same payment terms typically apply for arrangements containing variable consideration.
The Company has no material warranties or obligations for allowances, refunds or other similar obligations.
At December 31, 2024, the Company had $1.4 billion of remaining unsatisfied performance obligations from contracts with customers subject to a non-cancellable term and within contracts that have an original expected duration exceeding one year. These obligations also do not include variable consideration beyond the non-cancellable term, which due to the inability to quantify by estimate, is fully constrained. The Company expects to recognize approximately 24% of these remaining performance obligations as revenues in 2025, and the remaining 76% to be recognized over a weighted average period of 13.6 years through 2042.
Contract Balances
The timing of revenue recognition, billings and cash collections results in accounts receivable (contract assets), and unearned revenues (contract liabilities) on the accompanying Consolidated Balance Sheets. Generally, billing occurs monthly, subsequent to revenue recognition, resulting in contract assets. However, the Company may bill and receive advances or deposits from customers, particularly on storage and handling services, before revenue is recognized, resulting in contract liabilities. These assets and liabilities are reported on the accompanying Consolidated Balance Sheets on a contract-by-contract basis at the end of each reporting period. Changes in the contract asset and liability balances during the year ended December 31, 2024, were not materially impacted by any other factors.
Receivables balances related to contracts with customers accounted for under ASC 606 were $381.0 million and $420.2 million at December 31, 2024 and 2023, respectively. All other trade receivable balances relate to contracts accounted for under ASC 842.
Balances in unearned revenues related to contracts with customers were $22.0 million and $28.4 million at December 31, 2024 and 2023, respectively. Substantially all revenues that was included in the contract liability balances at the beginning of 2023 and 2022 has been recognized as of December 31, 2024 and 2023, respectively, and represents revenues from the satisfaction of monthly storage and handling services with average inventory turns of approximately 30 days.
v3.25.0.1
Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
 US
401 Kentile, NJ1 $— $6,251 $21,644 $395 $6,254 $22,036 $28,290 $(2,613)20142020
501 Kentile, NJ1 — 6,440 46,094 1,515 7,585 46,464 54,049 (6,327)19892020
601 Kentile, NJ1 — 8,160 47,277 1,474 8,160 48,751 56,911 (5,957)19992020
Albertville, AL1 — 1,251 12,385 2,144 1,381 14,399 15,780 (7,791)19932008
Allentown, PA2 — 5,780 47,807 10,480 7,161 56,906 64,067 (31,931)19762008
Amarillo, TX1 — 871 4,473 1,849 942 6,251 7,193 (3,594)19732008
Anaheim, CA1 — 9,509 16,810 4,624 9,534 21,409 30,943 (12,836)19652009
Appleton, WI1 — 200 5,022 12,048 916 16,354 17,270 (7,386)19892009
Atlanta - East Point, GA1 — 1,884 3,621 4,465 2,118 7,852 9,970 (4,744)19592016
Atlanta - Empire, GA1 — 1,610 11,866 1,389 1,610 13,255 14,865 (2,469)19592020
Atlanta - Gateway, GA2 — 3,271 35,226 48,580 5,045 82,032 87,077 (16,756)1972, 2022, 20232008
Atlanta - Pleasantdale, GA1 — 11,960 70,814 5,622 14,683 73,713 88,396 (11,872)19632020
Atlanta - Skygate, GA1 — 1,851 12,731 2,921 2,433 15,070 17,503 (6,704)20012008
Atlanta - Southgate, GA1 — 1,623 17,652 5,107 2,646 21,736 24,382 (10,152)19962008
Atlanta - Tradewater, GA1 — — 36,966 11,426 8,491 39,901 48,392 (16,241)20042008
Atlanta - Westgate, GA1 — 2,270 24,659 2,346 3,387 25,888 29,275 (14,317)19902008
Atlanta, GA - Corporate— — — 365 41,551 (19)41,935 41,916 (13,387)1999/20142008
Augusta, GA1 — 2,678 1,943 1,543 2,843 3,321 6,164 (2,309)19712008
Babcock, WI1 — 852 8,916 344 903 9,209 10,112 (4,117)19992008
Belvidere-Imron, IL1 — 2,000 11,989 4,572 2,622 15,939 18,561 (9,111)19912009
Belvidere-Landmark, IL (Cross Dock)1 — 1 2,117 458 5 2,571 2,576 (2,405)19912009
Benson, NC1 — 3,660 35,825 318 3,660 36,143 39,803 (7,323)19972019
Benson Hodges, NC1 — — 1,198 1,578 10 2,766 2,776 (655)19852020
Birmingham, AL1 — 1,002 957 3,061 1,282 3,738 5,020 (1,750)19632008
Brea, CA1 — 4,645 5,891 4,496 4,776 10,256 15,032 (3,956)19752009
Bridgewater, NJ1 — 6,350 13,472 482 6,537 13,767 20,304 (2,025)19792020
Brighton (Denver 2), CO1 — 3,933 33,913 987 3,936 34,897 38,833 (3,372)20212021
Brooklyn Park, MN1 — 1,600 8,951 1,803 1,600 10,754 12,354 (6,283)19862009
Burley, ID2 — — 16,136 5,543 219 21,460 21,679 (18,012)19592008
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Burlington, WA3 — 694 6,108 3,325 825 9,302 10,127 (5,447)19652008
Carson, CA1 — 9,100 13,731 2,261 9,152 15,940 25,092 (7,295)20022009
Cartersville, GA1 — 1,500 8,505 1,852 1,620 10,237 11,857 (5,646)19962009
Carthage Warehouse Dist, MO1 — 61,446 33,878 10,149 63,045 42,428 105,473 (26,915)19722008
Chambersburg, PA1 — 1,368 15,868 929 1,389 16,776 18,165 (3,791)19942019
Charlotte, NC1 — — 1,160 569 — 1,729 1,729 (464)19882020
Chesapeake, VA1 — 2,740 13,452 20,222 3,001 33,413 36,414 (6,116)19912019
Chillicothe, MO1 — 670 44,905 396 670 45,301 45,971 (8,351)19992019
City of Industry, CA2 — — 1,455 2,819 257 4,017 4,274 (3,750)19622009
Clearfield, UT2 — 3,687 36,514 9,262 3,810 45,653 49,463 (18,641)19732008
Columbia, SC1 — 768 1,429 1,545 904 2,838 3,742 (1,718)19712008
Columbus, OH1 — 2,440 38,939 6,736 2,908 45,207 48,115 (7,500)19962019
Connell, WA1 — 497 8,728 1,441 570 10,096 10,666 (5,535)19692008
Dallas (Catron), TX1 — 1,468 14,385 14,404 3,380 26,877 30,257 (12,387)19942009
Delhi, LA1 — 539 12,228 704 587 12,884 13,471 (9,827)20102010
Dominguez Hills, CA1 — 11,149 10,894 3,716 11,163 14,596 25,759 (7,353)19892009
Douglas, GA1 — 400 2,080 4,997 486 6,991 7,477 (2,485)19692009
Dunkirk, NY1 — 1,465 27,379 468 1,465 27,847 29,312 (2,711)20222022
Eagan, MN1 — 6,050 49,441 619 6,050 50,060 56,110 (9,248)19642019
East Dubuque, IL1 — 722 13,764 1,274 768 14,992 15,760 (6,681)19932008
Edison, NJ1 — — 1,390 1,226 — 2,616 2,616 (1,315)20002020
Fairfield, OH1 — 1,880 20,849 1,039 1,880 21,888 23,768 (4,451)19932019
Fairmont, MN1 — 1,650 13,738 134 1,682 13,840 15,522 (2,668)19682019
Fairmont City, IL1 — 2,430 9,087 1,088 2,451 10,154 12,605 (1,346)19712021
Forest, MS1 — — 733 1,800 10 2,523 2,533 (559)19902020
Fort Dodge, IA1 — 1,022 7,162 1,406 1,226 8,364 9,590 (4,621)19792008
Fort Smith, AR2 — 308 2,231 3,095 342 5,292 5,634 (2,332)19582008
Fort Smith (Hwy 45), AR CL1 — 2,245 51,998 1,130 2,906 52,467 55,373 (9,824)19872019
Fremont, NE1 — 629 3,109 6,596 691 9,643 10,334 (6,198)19682008
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Fort Worth-Blue Mound, TX1 — 1,700 5,055 1,874 1,717 6,912 8,629 (3,153)19952009
Ft. Worth, TX (Meacham)1 — 5,610 24,686 5,504 6,241 29,559 35,800 (15,184)20052008
Ft. Worth, TX (Railhead)1 — 1,857 8,536 2,084 2,129 10,348 12,477 (5,248)19982008
Fort Worth-Samuels, TX2 — 1,985 13,447 6,621 2,884 19,169 22,053 (10,017)19772009
Gadsden, AL1 — 100 9,820 (40)388 9,492 9,880 (5,312)19912013
Gaffney, SC1 — 1,000 3,263 381 1,005 3,639 4,644 (1,979)19952008
Gainesville, GA1 — 400 5,704 1,808 434 7,478 7,912 (3,992)19892009
Gainesville Candler, GA1 — 716 3,258 1,535 799 4,710 5,509 (1,473)19952019
Garden City, KS1 — 446 4,721 2,726 446 7,447 7,893 (3,507)19802008
Geneva Lakes, WI1 — 1,579 36,020 5,331 2,562 40,368 42,930 (18,257)19912009
Gloucester - Rogers, MA1 — 1,683 3,675 8,390 1,835 11,913 13,748 (4,052)19672008
Gloucester - Rowe, MA1 — 1,146 2,833 14,160 1,766 16,373 18,139 (6,784)19552008
Gouldsboro, PA1 — 4,224 29,473 4,083 5,400 32,380 37,780 (14,343)20062009
Goldsboro Commerce, PA1 — — 594 1,513 98 2,009 2,107 (477)19952020
Grand Island, NE1 — 430 6,542 3,355 530 9,797 10,327 (2,823)19952008
Grand Prairie, TX1 — — 22 82 — 104 104 (50)19812020
Green Bay, WI2 — — 2,028 21,839 8,320 15,547 23,867 (4,363)19352009
Greenville, SC1 — 200 1,108 430 203 1,535 1,738 (1,333)19622009
Hatfield, PA2 — 5,002 28,286 10,559 5,827 38,020 43,847 (20,693)19832009
Hattiesburg, MS1 — — 486 444 13 917 930 (221)19952020
Henderson, NV2 — 9,043 14,415 5,501 9,080 19,879 28,959 (7,758)19882009
Hermiston, OR1 — 1,322 7,107 794 1,419 7,804 9,223 (4,080)19752008
Houston, TX1 — 1,454 10,084 2,137 1,531 12,144 13,675 (5,467)19902009
Indianapolis, IN4 — 1,897 18,991 23,680 4,516 40,052 44,568 (19,867)19752008
Jefferson, WI2 — 1,553 19,805 2,779 1,887 22,250 24,137 (12,228)19752009
Johnson, AR1 — 6,159 24,802 1,499 6,384 26,076 32,460 (6,818)19552019
Lakeville, MN1 — 4,000 47,790 464 4,013 48,241 52,254 (9,273)19702019
Lancaster, PA1 — 2,203 15,670 1,592 2,371 17,094 19,465 (7,779)19932009
LaPorte, TX1 — 2,945 19,263 5,763 3,502 24,469 27,971 (11,427)19902009
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Le Mars, IA1 — 1,000 12,596 1,363 1,100 13,859 14,959 (3,012)19912019
Lebanon, TN1 — — 883 957 — 1,840 1,840 (276)19912020
Leesport, PA1 — 1,206 14,112 13,212 1,928 26,602 28,530 (11,593)19932008
Logan Township, NJ1 — 5,040 26,749 3,278 5,095 29,972 35,067 (4,596)2009, 20152021
Lowell, AR1 — 2,610 31,984 460 2,912 32,142 35,054 (7,113)19922019
Lula, GA1 — 3,864 35,382 1,634 4,074 36,806 40,880 (8,329)19962019
Lumberton, NC1 — — 981 1,576 10 2,547 2,557 (537)19822020
Lynden, WA5 — 1,420 8,590 3,555 1,699 11,866 13,565 (5,600)19462009
Manchester, PA1 — 3,838 36,621 4,216 5,082 39,593 44,675 (19,751)19942008
Mansfield, TX1 — 5,670 33,222 10 5,670 33,232 38,902 (5,192)20182020
Marshall, MO1 — 741 10,304 1,393 967 11,471 12,438 (5,715)19852008
Massillon 17th, OH2 — 175 15,322 1,481 554 16,424 16,978 (7,898)20002008
Massillon Erie, OH1 — — 1,988 975 — 2,963 2,963 (2,674)19842008
Middleboro, MA1 — 404 15,031 192 441 15,186 15,627 (2,454)20182018
Milwaukie, OR2 — 2,473 8,112 2,862 2,523 10,924 13,447 (7,015)19582008
Mobile, AL1 — 10 3,203 1,941 24 5,130 5,154 (2,386)19762009
Modesto, CA6 — 2,428 19,594 11,183 3,039 30,166 33,205 (14,877)19452009
Monmouth, IL1 — 2,660 48,348 621 2,702 48,927 51,629 (7,847)20142019
Montgomery, AL1 — 850 7,746 1,330 1,505 8,421 9,926 (4,641)19892013
Moses Lake, WA1 — 575 11,046 3,999 1,363 14,257 15,620 (7,446)19672008
Mountville, PA1 — — 69,409 6,470 — 75,879 75,879 (5,309)20232023
Mullica Hill, NJ
1 — 6,030 27,266 230 6,081 27,445 33,526 (4,895)19742020
Murfreesboro, TN1 — 1,094 10,936 4,331 1,346 15,015 16,361 (8,879)19822008
Nampa, ID4 — 1,588 11,864 3,830 1,834 15,448 17,282 (9,653)19462008
Napoleon, OH1 — 2,340 57,677 568 2,350 58,235 60,585 (10,991)19742019
New Ulm, MN7 — 725 10,405 2,529 833 12,826 13,659 (6,355)19842009
Newark, NJ1 — 30,390 53,163 8,989 30,390 62,152 92,542 (7,259)2012, 20152021
Newport, MN1 — 3,383 19,877 1,548 3,744 21,064 24,808 (5,308)19642020
North Little Rock, AR1 — 1,680 12,841 15,082 2,236 27,367 29,603 (5,404)19962019
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Oklahoma City, OK1 — 742 2,411 2,234 888 4,499 5,387 (2,483)19682008
Ontario, CA3 — 14,673 3,632 29,321 14,777 32,849 47,626 (19,149)1987(1)/1984(2)/1983(3)2008
Ontario, OR4 — — 13,791 10,126 1,329 22,588 23,917 (18,399)19622008
Oxford1 — 1,820 10,083 760 1,828 10,835 12,663 (1,784)19902020
Pasco, WA1 — 557 15,809 746 638 16,474 17,112 (7,520)19842008
Pedricktown, NJ1 — 4,670 35,584 2,023 4,757 37,520 42,277 (6,141)20082020
Pendergrass, GA1 — 500 12,810 4,084 875 16,519 17,394 (9,646)19932009
Perryville, MD1 — 1,626 19,083 5,708 5,873 20,544 26,417 (3,881)20072019
Phoenix2, AZ1 — 3,182 11,312 371 3,182 11,683 14,865 (4,195)20142014
Piedmont, SC1 — 500 9,883 1,826 557 11,652 12,209 (6,598)19812009
Piscataway 120, NJ1 — — 106 288 — 394 394 (185)19682020
Piscataway 5 Access, NJ1 — — 3,952 — — 3,952 3,952 (1,303)20182020
Plover, WI1 — 1,390 18,298 7,399 2,654 24,433 27,087 (13,618)19812008
Portland, ME1 — 305 2,402 1,400 385 3,722 4,107 (1,772)19522008
Rochelle, IL (Americold Drive)1 — 1,860 18,178 49,710 4,430 65,318 69,748 (19,361)19952008
Rochelle, IL (Caron)1 — 2,071 36,658 2,038 2,356 38,411 40,767 (19,276)20042008
Rockmart1 — 3,520 33,336 4,236 4,697 36,395 41,092 (5,963)19912020
Russellville, AR - Valley1 — 708 15,832 4,050 759 19,831 20,590 (9,141)19952008
Russellville, AR - Cloverleaf (Rt. 324)1 — 2,467 29,179 374 2,622 29,398 32,020 (6,186)19932019
Russellville, AR - Elmira1 — 1,369 50,749 3,658 1,561 54,215 55,776 (12,291)1986, 2022, 20232008
Salem, OR4 — 3,055 21,096 6,720 3,305 27,566 30,871 (15,550)19632008
Salinas, CA5 — 7,244 7,181 14,945 8,142 21,228 29,370 (10,842)19582009
Salt Lake City, UT1 — — 22,481 11,065 485 33,061 33,546 (14,671)19982010
San Antonio - HEB, TX1 — 2,014 22,902 752 2,014 23,654 25,668 (9,267)19822017
San Antonio, TX3 — 1,894 11,101 5,056 2,329 15,722 18,051 (10,980)19132009
Sanford, NC1 — 3,110 34,104 821 3,291 34,744 38,035 (6,922)19962019
Savannah, GA1 — 20,715 10,456 5,080 22,743 13,508 36,251 (3,718)20152019
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Savannah 2, GA1 — 3,002 37,571 408 3,174 37,807 40,981 (6,906)20202020
Savannah Pooler, GA1 — 1,382 2,590 1,485 2,487 3,972 (835)2013, 20152020
Seabrook, NJ1 — 3,370 19,958 1,544 3,015 21,857 24,872 (3,586)2002, 2004, 20182021
Sebree, KY1 — 638 7,895 2,128 802 9,859 10,661 (4,202)19982008
Sikeston, MO1 — 258 11,936 3,471 2,350 13,315 15,665 (7,190)19982009
Sioux City, IA-2640 Murray St1 — 5,950 28,391 566 4,610 30,297 34,907 (6,806)19902019
Sioux City, IA-2900 Murray St1 — 3,070 56,336 2,739 4,506 57,639 62,145 (12,294)19952019
Sioux Falls, SD1 — 856 4,780 5,131 1,084 9,683 10,767 (6,012)19722008
South Plainfield, NJ1 — 5,360 20,874 2,672 6,578 22,328 28,906 (3,310)1970 -19742020
Springdale, AR1 — 844 10,754 2,282 931 12,949 13,880 (7,142)19822008
St. Louis, MO2 — 2,082 7,566 2,217 2,198 9,667 11,865 (4,757)19562009
St. Paul, MN2 — 1,800 12,129 2,427 1,826 14,530 16,356 (7,336)19702009
Strasburg, VA1 — 1,551 15,038 2,724 2,001 17,312 19,313 (8,025)19992008
Summerville1 — — 5,024 237 7 5,254 5,261 (1,129)19992020
Sumter, SC1 — 530 8,738 152 560 8,860 9,420 (2,615)19792019
Syracuse, NY2 — 2,177 20,056 6,505 2,420 26,318 28,738 (13,483)19602008
Tacoma, WA1 — — 21,216 2,653 31 23,838 23,869 (10,955)20102010
Tampa - Bartow, FL1 — — 2,451 921 89 3,283 3,372 (2,795)19622008
Tampa Maple, FL1 — 3,233 15,940 83 3,242 16,014 19,256 (2,561)20172020
Tampa Plant City, FL2 — 1,333 11,836 1,805 1,380 13,594 14,974 (6,500)19872009
Tarboro, NC1 — 1,078 9,586 1,496 1,225 10,935 12,160 (5,300)19882008
Taunton, MA1 — 1,477 14,159 1,649 1,769 15,516 17,285 (7,128)19992009
Texarkana, AR1 — 842 11,169 1,998 921 13,088 14,009 (6,178)19922008
Tomah, WI1 — 886 10,715 942 1,038 11,505 12,543 (6,035)19892008
Turlock, CA (#1)2 — 944 4,056 1,340 967 5,373 6,340 (2,690)19952008
Turlock, CA (#2)1 — 3,091 7,004 3,864 3,124 10,835 13,959 (5,188)19852008
Vernon 2, CA1 — 8,100 13,490 4,298 8,112 17,776 25,888 (11,346)19652009
Victorville, CA1 — 2,810 22,811 2,893 2,826 25,688 28,514 (11,619)20042008
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Vineland, NJ1 — 9,580 68,734 4,643 9,580 73,377 82,957 (9,945)1998, 2000, 2015, 2016, 20172020
Vineland, NJ (North Mill)3 — 4,386 13,019 694 4,777 13,322 18,099 (468)1975,1992,1996,20212023
Walla Walla, WA2 — 215 4,693 767 159 5,516 5,675 (3,748)19602008
Wallula, WA1 — 690 2,645 960 788 3,507 4,295 (1,772)19822008
Watsonville, CA1 — — 8,138 2,358 21 10,475 10,496 (8,737)19842008
West Memphis, AR1 — 1,460 12,300 3,637 2,802 14,595 17,397 (8,313)19852008
Wichita, KS1 — 1,297 4,717 2,530 1,432 7,112 8,544 (3,988)19722008
Woodburn, OR1 — 1,552 9,860 5,139 1,627 14,924 16,551 (6,795)19522008
York-Willow Springs, PA1 — 1,300 7,351 862 1,416 8,097 9,513 (4,383)19872009
Zumbrota, MN3 — 800 10,360 2,132 993 12,299 13,292 (5,904)19962009
Canada
Taber— — — 12 (12)— — —  19992009
Brampton1 — 27,522 53,367 (6,058)25,273 49,558 74,831 (10,260)20042020
Calgary1 — 5,240 36,392 6,228 5,673 42,187 47,860 (6,804)20092020
Halifax Dartmouth1 — 2,052 14,904 (1,387)1,884 13,685 15,569 (2,114)20132020
London1 — 1,431 11,340 (1,541)1,258 9,972 11,230 (1,223)19822021
Mississauga Surveyor1 — — 245 119 — 364 364 (62)1972, 19922021
Australia
Arndell Park2 — 13,489 29,428 (1,077)10,870 30,970 41,840 (13,941)1989/19942009
Brisbane - Hemmant1 — 9,738 10,072 (2,439)7,444 9,927 17,371 (1,380)19962020
Brisbane - Lytton1 — 19,575 28,920 (4,532)15,633 28,330 43,963 (3,235)19662021
Laverton2 — 13,689 28,252 6,321 10,576 37,686 48,262 (14,947)1997/19982009
Murarrie3 — 10,891 18,975 (3,150)8,471 18,245 26,716 (8,246)1972/20032009
Prospect/ASC Corporate2 — — 1,187 18,319 6,583 12,923 19,506 (6,769)19852009
Spearwood1 — 7,194 10,990 8,891 5,579 21,496 27,075 (5,793)19782009
Wivenhoe - Tasmania1 — 994 8,218 706 748 9,170 9,918 (1,104)1998/20132022
Ormeau1 — 3,379 14,551 673 3,293 15,310 18,603 (701)20032023
New Zealand
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Dalgety1 — 6,047 5,531 27,718 5,157 34,139 39,296 (8,563)19882009
Diversey1 — 2,357 5,966 678 2,038 6,963 9,001 (2,694)19882009
Halwyn Dr1 — 5,227 3,399 179 4,518 4,287 8,805 (2,004)19922009
Mako Mako1 — 1,332 3,810 244 1,210 4,176 5,386 (1,673)20002009
Paisley2 — 8,495 5,295 (5,630)4,767 3,393 8,160 (891)19842009
Smarts Rd1 — 2,442 5,750 22 2,176 6,038 8,214 (1,226)19842022
Argentina
Mercado Central - Buenos Aires, ARG1 — — 4,984 (1,963)— 3,021 3,021 (5,892)1996/19992009
Pilar - Buenos Aires, ARG1 — 706 2,586 (2,544)587 161 748 (25)20002009
Netherlands
Barneveld2 — 15,410 27,472 (5,209)13,082 24,591 37,673 (2,886)1986, 19952020
Urk2 — 7,100 31,014 (5,379)5,983 26,752 32,735 (3,885)1994, 20012020
Maasvlakte - Rotterdam1 — 540 15,746 (799)697 14,790 15,487 (1,868)20162020
Westland - Rotterdam1 — 20,910 26,637 (25,854)14,177 7,516 21,693 (1,145)1976, 1974, 2007, 20162020
Austria
Vienna1 — 280 26,515 (3,750)237 22,808 23,045 (2,898)19792020
Ireland
Castleblayney2 — 6,170 22,244 (2,360)5,260 20,794 26,054 (3,003)1976, 19942020
Dublin1 — 6,163 29,179 7,198 8,247 34,293 42,540 (3,222)2018, 20222020
Portugal
Lisbon1 — 13,794 46,877 (7,137)11,724 41,810 53,534 (4,860)19932020
Sines1 — 130 2,311 (352)110 1,979 2,089 (227)20162020
Spain
Algeciras1 — 101 11,948 (303)102 11,644 11,746 (1,829)19782020
Barcelona2 — 16,340 35,247 3,113 13,849 40,851 54,700 (5,912)1989, 2008, 20222020
Valencia1 — 170 10,932 (739)144 10,219 10,363 (1,335)20052020
Poland
Gdynia2 — 10,329 4,167 1,350 10,865 4,981 15,846 (636)2015, 20232020, 2022, 2023
Great Britain
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Spalding - Bowman1 — 5,916 32,815 (7,043)4,194 27,494 31,688 (4,472)2011, 20172020
Whitchurch1 — 7,750 74,185 3,451 8,326 77,060 85,386 (10,434)20142020
Northern Ireland
Lurgan2 — 3,390 7,992 625 3,143 8,864 12,007 (1,656)1985, 19862020
Total— 760,214 3,741,138 781,851 806,981 4,476,222 5,283,203 (1,441,166)
Land, buildings, and improvements in the assets under construction balance as of December 31, 2024.
US
401 Kentile, NJ— — — — — (95)(95)
501 Kentile, NJ— — — — — 149 149 
601 Kentile, NJ— — — — — 299 299 
Albertville, AL— — — — — (136)(136)
Allentown, PA— — — — — 36,900 36,900 
Amarillo, TX— — — — — 383 383 
Anaheim, CA— — — — — 235 235 
Atlanta - East Point, GA— — — — — (148)(148)
Atlanta - Gateway, GA— — — — — 3,905 3,905 
Atlanta - Lakewood, GA— — — — — (12)(12)
Atlanta - Skygate, GA— — — — — 86 86 
Atlanta - Southgate, GA— — — — — 223 223 
Atlanta - Tradewater, GA— — — — — 11,631 11,631 
Atlanta - Westgate, GA— — — — — 219 219 
Atlanta - Empire, GA— — — — — 715 715 
Atlanta - Pleasantdale, GA— — — — — 8,020 8,020 
Augusta, GA— — — — — 1,305 1,305 
Belvidere-Imron, IL— — — — — 2,131 2,131 
Benson, NC— — — — — 649 649 
Benson Hodges, NC— — — — — 26 26 
Birmingham, AL— — — — — (128)(128)
Fort Worth-Blue Mound, TX— — — — — 6,562 6,562 
Brighton (Denver 2), CO— — — — — 3,365 3,365 
Brooklyn Park, MN— — — — — 607 607 
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Burley, ID— — — — — 772 772 
Burlington, WA— — — — — 2,552 2,552 
Carson, CA— — — — — (231)(231)
Cartersville, GA— — — — — 66 66 
Carthage Warehouse Dist, MO— — — — — 912 912 
Chambersburg, PA— — — — — 534 534 
Charlotte, NC— — — — — (175)(175)
Chesapeake, VA— — — — — 6262 
Chillicothe, MO— — — — — 243 243 
Clearfield, UT— — — — — 2,089 2,089 
Columbia, SC— — — — — (4)(4)
Columbus, OH— — — — — 1,343 1,343 
Connell, WA— — — — — 97 97 
Atlanta, GA - Corporate— — — — — 5,020 5,020 
Dallas (Catron), TX— — — — — 297 297 
Delhi, LA— — — — — 12 12 
Dominguez Hills, CA— — — — — 3,176 3,176 
Douglas, GA— — — — — (84)(84)
Dunkirk, NY— — — — — 1,907 1,907 
Eagan, MN— — — — — (30)(30)
East Dubuque, IL— — — — — (122)(122)
Edison, NJ— — — — — (9)(9)
Fairfield, OH— — — — — 88 88 
Fairmont, MN— — — — — 42 42 
Fairmont City, IL— — — — — 275 275 
Forest, MS— — — — — 263 263 
Fort Dodge, IA— — — — — 25 25 
Fort Smith, AR— — — — — 2,534 2,534 
Fort Smith (Hwy 45), AR CL— — — — — 488 488 
Fort Worth-Samuels, TX— — — — — 287 287 
Fremont, NE— — — — — (19)(19)
Ft. Worth, TX (Meacham)— — — — — (103)(103)
Ft. Worth, TX (Railhead)— — — — — 235 235 
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Gadsden, AL— — — — — (117)(117)
Gaffney, SC— — — — — — — 
Gainesville, GA— — — — — 597 597 
Gainesville Candler, GA— — — — — (75)(75)
Garden City, KS— — — — — 239 239 
Geneva Lakes, WI— — — — — 326 326 
Gloucester - Rogers, MA— — — — — 173 173 
Gloucester - Rowe, MA— — — — — 326 326 
Goldsboro Commerce, PA— — — — — (147)(147)
Gouldsboro, PA— — — — — 989 989 
Grand Island, NE— — — — — 2,555 2,555 
Grand Prairie, TX— — — — — 1,094 1,094 
Green Bay, WI— — — — — 3,102 3,102 
Hatfield, PA— — — — — 687 687 
Hattiesburg, MS— — — — — 14 14 
Henderson, NV— — — — — 9 9 
Hermiston, OR— — — — — (44)(44)
Houston, TX— — — — — 224 224 
Indianapolis, IN— — — — — 9,391 9,391 
Jefferson, WI— — — — — 1,547 1,547 
Johnson, AR— — — — — 382 382 
Kansas City, MO— — — — — 32,784 32,784 
Lakeville, MN— — — — — 596 596 
Lancaster, PA— — — — — — — 
LaPorte, TX— — — — — 34 34 
Le Mars, IA— — — — — (44)(44)
Lebanon, TN— — — — — 135 135 
Leesport, PA— — — — — 34 34 
Logan Township, NJ— — — — — 197 197 
Lowell, AR— — — — — 1 1 
Lula, GA— — — — — (200)(200)
Lumberton, NC— — — — — 164 164 
Lynden, WA— — — — — (448)(448)
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Manchester, PA— — — — — 2,321 2,321 
Manly, IA— — — — — 2 2 
Mansfield, TX— — — — — 230 230 
Marshall, MO— — — — — 105 105 
Massillon 17th, OH— — — — — 17 17 
Massillon Erie, OH— — — — — (277)(277)
Middleboro, MA— — — — — 155 155 
Milwaukie, OR— — — — — (393)(393)
Mobile, AL— — — — — 166 166 
Modesto, CA— — — — — 5,510 5,510 
Monmouth, IL— — — — — 9 9 
Montgomery, AL— — — — — 354 354 
Moses Lake, WA— — — — — 428 428 
Mountville, PA— — — — — 81,513 81,513 
Mullica Hill. NJ— — — — — 31 31 
Murfreesboro, TN— — — — — 1,647 1,647 
Nampa, ID— — — — — 522 522 
Napoleon, OH— — — — — (314)(314)
New Ulm, MN— — — — — 1,194 1,194 
Newark, NJ— — — — — 462 462 
Newport, MN— — — — — 40 40 
North Little Rock, AR— — — — — 655 655 
Nyssa, OR— — — — — 61 61 
Oklahoma City, OK— — — — — (150)(150)
Ontario, OR— — — — — 358 358 
Ontario, CA— — — — — 1,306 1,306 
Oxford— — — — — 202 202 
Pasco, WA— — — — — 57 57 
Pedricktown, NJ— — — — — 506 506 
Pendergrass, GA— — — — — 300 300 
Perryville, MD— — — — — 60 60 
Phoenix2, AZ— — — — — (77)(77)
Piedmont, SC— — — — — (74)(74)
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Piscataway 120, NJ— — — — — 20 20 
Plainville, CT— — — — — 179,883 179,883 
Plover, WI— — — — — 90 90 
Portland, ME— — — — — 209 209 
Rochelle, IL (Americold Drive)— — — — — 11,361 11,361 
Rochelle, IL (Caron)— — — — — 184 184 
Rockmart— — — — — 383 383 
Russellville, AR - Elmira— — — — — 17,089 17,089 
Russellville, AR - Cloverleaf (Rt. 324)— — — — — 213 213 
Salem, OR— — — — — 2,380 2,380 
Salinas, CA— — — — — 441 441 
Salt Lake City, UT— — — — — 559 559 
San Antonio, TX— — — — — (381)(381)
Sanford, NC— — — — — 568 568 
Savannah, GA— — — — — (200)(200)
Savannah 2, GA— — — — — 1,931 1,931 
Savannah Pooler, GA— — — — — 74 74 
Seabrook, NJ— — — — — (4)(4)
Sebree, KY— — — — — 20 20 
Sikeston, MO— — — — — 672 672 
Sioux City, IA-2640 Murray St— — — — — 755 755 
Sioux City, IA-2900 Murray St— — — — — 527 527 
Sioux Falls, SD— — — — — 2,425 2,425 
South Plainfield, NJ— — — — — 608 608 
Springdale, AR— — — — — 244 244 
St. Paul, MN— — — — — 1,076 1,076 
Strasburg, VA— — — — — 243 243 
Summerville— — — — — 3 3 
Sumter, SC— — — — — (37)(37)
Syracuse, NY— — — — — 1,020 1,020 
Tacoma, WA— — — — — 810 810 
Tampa Maple, FL— — — — — 51 51 
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
Tampa Plant City, FL— — — — — 136 136 
Tarboro, NC— — — — — 85 85 
Taunton, MA— — — — — 1,964 1,964 
Texarkana, AR— — — — — (67)(67)
Tomah, WI— — — — — 19 19 
Turlock, CA (#1)— — — — — 169 169 
Turlock, CA (#2)— — — — — 1,683 1,683 
Vernon 2, CA— — — — — 2,086 2,086 
Victorville, CA— — — — — 1,454 1,454 
Vineland, NJ— — — — — 6,613 6,613 
Vineland, NJ (North Mill)— — — — — 4,080 4,080 
Walla Walla, WA— — — — — 176 176 
Wallula, WA— — — — — 131 131 
Watsonville, CA— — — — — 228 228 
West Memphis, AR— — — — — 535 535 
Wichita, KS— — — — — (404)(404)
Woodburn, OR— — — — — 247 247 
York-Willow Springs, PA— — — — — (89)(89)
Zumbrota, MN— — — — — 796 796 
Canada
Calgary— — — — — 151 151 
Brampton— — — — — 232 232 
Halifax - Dartmouth— — — — — 32 32 
Port St. John
— — — — — 575 575 
Australia
Arndell Park— — — — — 92 92 
Brisbane - Hemmant— — — — — 85 85 
Laverton— — — — — 32 32 
Murarrie— — — — — 147 147 
Prospect/ASC Corporate— — — — — 5,892 5,892 
Spearwood— — — — — 171 171 
Wivenhoe - Tasmania— — — — — 47 47 
Ormeau— — — — — 675 675 
 Initial Costs
 Gross amount at which carried as of
December 31, 2024
 Property  Buildings  Encumbrances Land
 Buildings and Improvements
 Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) (7)		 Accumulated Depreciation (1) (6) (5) (7)Date of ConstructionDate of Acquisition
New Zealand
Dalgety— — — — — 383 383 
Diversey— — — — — 638 638 
Halwyn Dr— — — — — 613 613 
Mako Mako— — — — — 44 44 
Paisley— — — — — 435 435 
Smarts Rd— — — — — 53 53 
Europe
Barneveld, Netherlands— — — — — 7 7 
Urk, Netherlands— — — — — 1,233 1,233 
Monaghan, Ireland— — — — — 232 232 
Dublin, Ireland— — — — — 2,142 2,142 
Lisbon, Portugal— — — — — 1,035 1,035 
Algeciras, Span— — — — — 59 59 
Valencia, Spain— — — — — 46 46 
Barcelona, Spain— — — — — 431 431 
Witchurch, UK— — — — — 940 940 
Gdansk, Poland— — — — — 885 885 
Total in assets under construction— — — — — 511,250 511,250 — 
Total assets$— $760,214 $3,741,138 $781,851 $806,981 $4,987,472 $5,794,453 $(1,441,166)
Schedule III – Footnotes
(1)Reconciliation of total accumulated depreciation to consolidated balance sheet caption as of December 31, 2024:
Total per Schedule III$(1,441,166)
Accumulated depreciation on investments in non-real estate assets(1,012,431)
Total accumulated depreciation per consolidated balance sheet (property, buildings and equipment)
$(2,453,597)
(2)Reconciliation of total Buildings and improvements to consolidated balance sheet as of December 31, 2024:
Building and improvements per consolidated balance sheet$4,462,565 
Building and improvements financing leases
13,657 
Assets under construction per consolidated balance sheet606,233 
Less: personal property assets under construction(94,983)
Total per Schedule III$4,987,472 
(3)Amount includes the cumulative impact of foreign currency translation and the effect of any asset disposals.
(4)The aggregate cost for Federal tax purposes at December 31, 2024 of our real estate assets was approximately $4.8 million.
(5)The life on which depreciation is computed ranges from 5 to 43 years.
(6)The following table summarizes the Company’s real estate activity and accumulated depreciation for the years ended December 31:
202420232022
Real Estate Facilities, at Cost:
(In thousands)
Beginning Balance $6,559,755 $6,261,663 $6,134,702 
Capital expenditures 183,986 231,984 195,696 
Acquisitions— 44,911 12,615 
Purchase price allocation adjustments— — (331)
Disposition(9,399)(6,829)(14,694)
Impairment(20,985)— (3,407)
Conversion of leased assets to owned— 301 13,182 
Impact of foreign exchange rate changes(77,166)27,725 (76,100)
Ending Balance6,636,191 6,559,755 6,261,663 
Accumulated Depreciation:
Beginning Balance (1,693,983)(1,470,179)(1,277,174)
Depreciation expense(211,061)(215,731)(204,896)
Dispositions5,621 1,037 5,304 
Impact of foreign exchange rate changes16,752 (9,110)6,587 
Ending Balance(1,882,671)(1,693,983)(1,470,179)
Total Real Estate Facilities, Net at December 31$4,753,520 $4,865,772 $4,791,484 
The total real estate facilities amounts in the table above include $108.0 million, $147.0 million and $152.0 million of assets under sale-leaseback agreements accounted for as a financing as of December 31, 2024, 2023 and 2022, respectively. The Company does not hold title in these assets under sale-leaseback agreements. As of December 31, 2024 the Company has three facilities classified as held for sale within Property, buildings, and equipment – net.
(7)Reconciliation of the Company’s real estate activity and accumulated depreciation for the years ended December 31, 2024 to Schedule III:
Total real estate facilities gross amount per Schedule III$5,794,453 
Plus: Refrigeration equipment 851,195 
Offshore non-real CIP recorded in real CIP-not included in Schedule III(9,457)
Real estate facilities, at cost - ending balance$6,636,191 
Accumulated depreciation per Schedule III$1,441,166 
Plus: Refrigeration equipment 441,505 
Accumulated depreciation - ending balance$1,882,671 
v3.25.0.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Net Income (Loss) $ (94,313) $ (336,215) $ (19,440)
v3.25.0.1
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2024
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.0.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.0.1
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Risk Management and Strategy
The Company maintains a robust enterprise-wide information security program aimed at assessing, identifying, and effectively managing cybersecurity risks, threats, and incidents. The Company has integrated cybersecurity risk management into its broader risk management framework to promote cybersecurity risk management company-wide.
Third-Party Engagement
The Company engages a range of third-party advisory service providers, including cybersecurity assessors, and consultants to conduct recurrent evaluations of its cybersecurity controls. These reviews are a critical component of the ongoing risk assessment process within the cybersecurity function and include periodic evaluations of internal controls aimed at mitigating cybersecurity threats. These assessments often include penetration tests, evaluations of the Company's cyber program maturity, and assessments of progress toward future-state cyber initiatives, among other considerations. The results of these assessments are reviewed with management and the Board.
Oversee Third-party Risk
The Company implements processes to oversee and manage the risks inherent with third-party service providers, including conducting thorough security assessments prior to engagement. This is designed to mitigate risks related to data breaches or other security incidents originating from third party providers.
Incident Response
The Company has implemented internal incident response procedures to address potential cyber incidents. These procedures are designed to analyze, contain, and remediate any cyber incidents that may circumvent existing safeguards. The incident response procedures encompass a systematic approach to evaluate the materiality of incidents, execute appropriate containment and remediation measures, and evaluate internal (including the Board) and external communication and disclosure protocols. The Company also maintains data backup procedures in the event of a cybersecurity incident and for a business continuity plan in the event of business interruption. Examples of our backup procedures include regularly scheduled backups for various systems, critical system log files, and applications backup.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
The Company maintains a robust enterprise-wide information security program aimed at assessing, identifying, and effectively managing cybersecurity risks, threats, and incidents. The Company has integrated cybersecurity risk management into its broader risk management framework to promote cybersecurity risk management company-wide.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]
Impact of Cybersecurity Threats
As previously disclosed, we have experienced significant cyber incidents in the past, including in April 2023, that have impacted our operations and financial results. The related expense is reflected in “Acquisition, cyber incident, and other, net” on the Consolidated Statements of Operations for the year ended December 31, 2023, and any reserve balance is included in “Accounts payable and accrued expenses” in our Consolidated Balance Sheets as of December 31, 2024, and 2023. For additional information regarding such risks and the affects thereof on our business strategy, operations and financial condition, see Part I, Item 1A, Risk Factors – “We depend on information technology systems to operate our business. A failure of our information technology systems, cybersecurity attacks or a breach of our information security systems, networks or processes could cause business disruptions and the loss of confidential information and may materially adversely affect our business.”
Cybersecurity Risk Board of Directors Oversight [Text Block]
Governance & Board Oversight
The cybersecurity program is led by the Company’s Chief Information Security Officer (“CISO”). The CISO plays a pivotal role in informing the Board on cybersecurity risks.
Management, including the CISO, provides comprehensive briefings to the Board on cybersecurity risks at least quarterly. These briefings encompass a range of topics, including the current cybersecurity landscape and emerging threats, status of ongoing cybersecurity initiatives and strategies, incident reports, and compliance with regulatory requirements and industry standards. Additionally, the Board is regularly briefed on updates related to the Company’s Global Information Security Program and the Company’s Information Security Roadmap. The Board also oversees the prompt assessment of material cyber events including countermeasures and mitigation actions.
In addition to scheduled meetings, the Board and CISO maintain an ongoing dialogue regarding emerging or potential cybersecurity risks and updates on any significant developments in the cybersecurity domain.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]
The cybersecurity program is led by the Company’s Chief Information Security Officer (“CISO”). The CISO plays a pivotal role in informing the Board on cybersecurity risks.
Management, including the CISO, provides comprehensive briefings to the Board on cybersecurity risks at least quarterly. These briefings encompass a range of topics, including the current cybersecurity landscape and emerging threats, status of ongoing cybersecurity initiatives and strategies, incident reports, and compliance with regulatory requirements and industry standards. Additionally, the Board is regularly briefed on updates related to the Company’s Global Information Security Program and the Company’s Information Security Roadmap. The Board also oversees the prompt assessment of material cyber events including countermeasures and mitigation actions.
In addition to scheduled meetings, the Board and CISO maintain an ongoing dialogue regarding emerging or potential cybersecurity risks and updates on any significant developments in the cybersecurity domain.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]
The cybersecurity program is led by the Company’s Chief Information Security Officer (“CISO”). The CISO plays a pivotal role in informing the Board on cybersecurity risks.
Management, including the CISO, provides comprehensive briefings to the Board on cybersecurity risks at least quarterly. These briefings encompass a range of topics, including the current cybersecurity landscape and emerging threats, status of ongoing cybersecurity initiatives and strategies, incident reports, and compliance with regulatory requirements and industry standards. Additionally, the Board is regularly briefed on updates related to the Company’s Global Information Security Program and the Company’s Information Security Roadmap. The Board also oversees the prompt assessment of material cyber events including countermeasures and mitigation actions.
In addition to scheduled meetings, the Board and CISO maintain an ongoing dialogue regarding emerging or potential cybersecurity risks and updates on any significant developments in the cybersecurity domain.
Cybersecurity Risk Role of Management [Text Block]
Management’s Role Managing Risk
The Americold Global Information Security Program is structured to address cyber-related risks in alignment with the guidelines delineated in the National Institute of Standards and Technology (“NIST”) security framework. The program also leverages various automated tools, manual processes, and routine periodic third-party assessments to promote the efficacy of our security measures. Furthermore, the program includes a formal information security training program for that includes comprehensive security awareness initiatives and training modules, addressing critical areas such as phishing attacks and best practices for email security.
The Company’s Chief Information Officer (“CIO”) and CISO work closely with other management positions, including the Chief Financial Officer, Chief Legal Officer, and the Head of Internal Audit, to evaluate cybersecurity risks in alignment with our business objectives and operational needs. The CIO oversees the Company’s security team and the CISO and has participated in the NIST review and validation of security procedures and processes.
The individuals responsible for evaluating and managing the Company’s cybersecurity risk have extensive experience managing organizational risk and implementing cybersecurity programs at companies. The CIO has more than 20 years of experience advising on the overall strategy of technology, including the incorporation of cyber security into the software development lifecycle and change management process. The CISO possesses more than 10 years of relevant expertise in cybersecurity and holds a Certified Information Systems Security Professional (“CISSP”) certification. Other members of the Company’s information security team also hold certifications such as CISSP, Certified Information Security Manager (“CISM”), Certified Ethical Hacker (“CEH”), and Certified Information Systems Auditor (“CISA”). The Chief Financial Officer has experience assessing and managing material financial risks, including cybersecurity risks, and serving on the Disclosure Committee at public companies. The Chief Legal Officer possesses many years of experience managing legal and compliance risk at public companies, including with respect to cybersecurity incidents. The Head of Internal Audit manages the Company’s broader risk management framework, which includes cybersecurity risks, and has many years of prior experience assessing cybersecurity risks and programs at several companies.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The Americold Global Information Security Program is structured to address cyber-related risks in alignment with the guidelines delineated in the National Institute of Standards and Technology (“NIST”) security framework. The program also leverages various automated tools, manual processes, and routine periodic third-party assessments to promote the efficacy of our security measures.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] The Americold Global Information Security Program is structured to address cyber-related risks in alignment with the guidelines delineated in the National Institute of Standards and Technology (“NIST”) security framework. The program also leverages various automated tools, manual processes, and routine periodic third-party assessments to promote the efficacy of our security measures.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The Americold Global Information Security Program is structured to address cyber-related risks in alignment with the guidelines delineated in the National Institute of Standards and Technology (“NIST”) security framework. The program also leverages various automated tools, manual processes, and routine periodic third-party assessments to promote the efficacy of our security measures.
v3.25.0.1
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Basis of Presentation and Principles of Consolidation
Basis of Presentation and Principles of Consolidation
The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”). In the opinion of management, the Consolidated Financial Statements reflect all adjustments considered necessary for a fair presentation. Significant adjustments which are not considered normal or recurring in nature have been disclosed within Note 8 - Acquisition, Cyber Incident and Other to these Consolidated Financial Statements. The accompanying Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries where the Company exerts control. Intercompany balances and transactions have been eliminated. Investments in which the Company does not have control, and is not the primary beneficiary of a Variable Interest Entity (“VIE”), but where the Company exercises significant influence over the operating and financial policies of the investee, are accounted for using the equity method of accounting.
Use of Estimates and Variable Interest Entities (VIEs)
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of (1) assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and (2) revenues and expenses during the reporting period. Actual results could differ from those estimates.
Variable Interest Entities (“VIEs”)
We are party to VIEs that are immaterial to our Consolidated Financial Statements. During 2022, we recognized a gain of $3.4 million within “Other, net” on the Consolidated Statements of Operations upon extinguishment of New Market Tax Credit (“NMTC”) agreements which were dissolved immediately following the conclusion of the seven-year compliance period during which the tax credits were recognized.
Reclassifications
Reclassifications
As further described in Note 3 - Business Combinations, Asset Acquisitions and Discontinued Operations to these Consolidated Financial Statements, the Comfrio business met the held for sale criteria upon acquisition in 2023 and as such is presented as discontinued operations. Newly acquired businesses that meet the held for sale criteria, at the acquisition date, are classified as discontinued operations. The Company has reclassified financial results associated with the Comfrio business as discontinued operations for all periods presented. The Company successfully sold the Comfrio business in August of 2023 and the related gain on sale has been classified within discontinued operations on the Consolidated Statements of Operations.
During the year ended December 31, 2023, the Company reclassified Interest income, Gain on sale of partially owned entities, and Foreign currency exchange loss, net into “Other, net” for all periods presented on the Consolidated Statements of Operations herein.
The Consolidated Statements of Cash Flows includes various reclassifications, all within cash provided by operating activities, to conform current and prior period presentation.
During the year ended December 31, 2024, the Company reclassified Multi-employer pension plan withdrawal liability and Pension and postretirement benefit liabilities into “Other liabilities” and updated our presentation to show “Operating leases - net” and “Financing leases - net” on a net basis (instead of gross and accumulated amortization/depreciation) on the Consolidated Balance Sheets for all periods presented.
Significant Risks and Uncertainties
Significant Risks and Uncertainties
The Company was negatively impacted by the COVID-19 pandemic during the year ended December 31, 2022 by way of (i) the food supply chain; (ii) our customers’ production of goods; (iii) the labor market impacting associate turnover, availability and cost; and (iv) the impact of inflation on the cost to provide our services. Since then, the food supply chain has shown gradual improvements, although inflation continues to persist. The Company has mitigated the impacts of such challenges by implementing contractual rate escalations which, in part, offsets the impact of inflationary pressures and costs.
Our business was also impacted by inflation and interest rate increases during the second half of 2022 and throughout 2023.
Property, Plant and Equipment
Property, Buildings and Equipment
Property, buildings and equipment is stated at cost, less accumulated depreciation. Depreciation is computed on a straight-line basis over the estimated useful lives of the respective assets or, if less, the term of the underlying lease. Depreciation begins in the month an asset is placed into service. Useful lives range from 40 to 43 years for buildings, 5 to 20 years for building and land improvements, and 3 to 15 years for machinery and equipment. For the years ended December 31, 2024, 2023 and 2022, the Company recorded depreciation expense of $324.4 million, $316.8 million and $295.7 million, respectively. The Company periodically reviews the appropriateness of the estimated useful lives of its long-lived assets.
Costs of normal maintenance and repairs and minor replacements are charged to expense as incurred. When non-real estate assets are sold or otherwise disposed of, the cost and related accumulated depreciation are removed, and any resulting gain or loss is included in “Other, net” on the accompanying Consolidated Statements of Operations. Gains or losses from the sale of real estate assets are reported within “Net (gain) loss from sale of real estate” in the accompanying Consolidated Statements of Operations. For the years ended December 31, 2024, 2023 and 2022, the Company recorded a loss of $0.1 million, $4.0 million and $3.6 million, respectively, for the sale of non-real estate assets and real estate related asset disposals, and a gain of $3.5 million, a gain of $2.3 million and a loss of $5.7 million, respectively, from the sale of real estate assets.
Impairment of Long-Lived Assets
Impairment of Long-Lived Assets
The Company reviews its long-lived assets for impairment when events or changes in circumstances (such as decreases in operating income, sustained declines in current and future occupancy trends or changes in the Company’s plan to use assets) indicate that the carrying amounts may not be recoverable. A comparison is made of the expected future operating cash flows of the long-lived assets on an undiscounted basis to their carrying amounts.
If the carrying amounts of the long-lived assets exceed the sum of the expected future undiscounted cash flows, an impairment charge is recognized in an amount equal to the excess of the carrying amount over the estimated fair value of the long-lived assets, which the Company calculates based on projections of future cash flows and appraisals with significant unobservable inputs classified as Level 3 of the fair value hierarchy. The Company determined that individual warehouse properties constitute the lowest level of independent cash flows for purposes of considering possible impairment.
Capitalization of Costs and Revenue Recognition
Capitalization of Costs
Project costs that are clearly associated with the development of properties are capitalized as incurred. Project costs include all costs directly associated with the development of a property, including construction costs, interest, and costs of personnel working on the project. Costs that do not clearly relate to the projects under development are not capitalized and are charged to expense as incurred.
Capitalization of costs begins when the activities necessary to get the development project ready for its intended use commence, which include costs incurred before the beginning of construction. Capitalization of costs ceases when the development project is substantially complete and ready for its intended use. We generally consider a development project to be substantially complete and ready for its intended use upon receipt of a certificate of occupancy. However, our automated equipment installed in our facilities could require capitalization of costs until the related equipment is considered fully operational. If and when development of a property is suspended pursuant to a formal change in the planned use of the property, we will evaluate whether the accumulated costs exceed the estimated value of the project and write off the amount of any such excess accumulated costs. For a development project that is suspended for reasons other than a formal change in the planned use of such property, the accumulated project costs are written off. Capitalized costs are allocated to the specific components of a project that are benefited.
Revenue Recognition
Revenues for the Company include rent, storage and warehouse services (collectively, Warehouse Revenues), transportation services (Transportation Revenues) and third-party managed services for locations or logistics services managed on behalf of customers (Third-Party Managed Revenues). The Company made an accounting policy election to exclude from the measurement of the transaction price all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the entity from a customer (e.g., sales, use, value added and some excise taxes).
Warehouse Revenues
The Company’s customer arrangements generally include rent, storage and service elements that are priced separately. Revenues from storage and handling are recognized over the period consistent with the transfer of the service to the customer. Revenues from warehouse services are recognized at the point in time the services are performed. Multiple contracts with a single counterparty are accounted for as separate arrangements.
Transportation Revenues
The Company records transportation revenues and expenses upon delivery of the product. Since the Company is the principal in the arrangement of transportation services for its customers, revenues and expenses are presented on a gross basis. 
Third-Party Managed Revenues
The Company provides management services for which the contract compensation arrangement includes: reimbursement of operating costs, management fees, and contingent performance-based fees (Managed Services). Managed Services fixed fees are recognized as revenues as the management services are performed ratably over the service period. Managed Services performance-based fees are recognized ratably over the service period based on the likelihood of achieving performance targets.
Cost reimbursements related to Managed Services arrangements are recognized as revenues as the services are performed and costs are incurred. Managed Services fees and related cost reimbursements are presented on a gross basis as the Company is the principal in the arrangement. Multiple contracts with a single counterparty are accounted for as separate arrangements.
Lease Accounting Arrangements wherein we are the lessee
Lease Accounting
Arrangements wherein we are the lessee:
At the inception of a contract, we determine if the contract is or contains a lease. Leases are classified as either financing or operating based upon criteria within Accounting Standards Codification (“ASC”) 842, Leases, and a
right-of-use (“ROU”) asset and liability are established for leases with an initial term greater than 12 months. Leases with an initial term of 12 months or less, and not expected to renew beyond 12 months, are not recorded on the balance sheet.
ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at commencement date based on the present value of the lease payments over the lease term, as adjusted for prepayments, incentives and initial direct costs. ROU assets are subsequently measured at the value of the remeasured lease liability, adjusted for the remaining balance of the following, as applicable: lease incentives, cumulative prepaid or accrued rent and unamortized initial direct costs. When available, we use the rate implicit in the lease to discount lease payments to present value; however, most of our leases do not provide a readily determinable implicit rate. Therefore, we must estimate our incremental borrowing rate to discount the lease payments based on information available at lease commencement. We generally determine our incremental borrowing rate based on the estimated rate of interest for a collateralized borrowing over a similar term of the lease payments at commencement date. For all asset classes, we have elected to not separate the lease and non-lease components, which are generally limited to taxes and common area maintenance. Our lease terms may include options to extend the lease when it is reasonably certain that we will exercise such options. The depreciable lives of assets are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Depreciation expense on assets acquired under financing leases is included in “Depreciation and amortization” on the accompanying Consolidated Statements of Operations. Amortization of leased assets classified as “Operating leases - net” on the accompanying Consolidated Balance Sheets is included within cost of operations for the respective segment the asset pertains to, or within “Selling, general, and administrative” for corporate assets on the accompanying Consolidated Statements of Operations. As with other long-lived assets, ROU assets are reviewed for impairment when events or change in circumstances indicate the carrying value may not be recoverable.
In reference to certain temperature-controlled warehouses where the Company is the lessee in an acquired business, below-market and above-market leases are amortized on a straight-line basis over the remaining lease terms in a manner that adjusts lease expense to the market rate in effect as of the acquisition date.
Operating leases are included in “Operating leases - net” and “Operating lease obligations” on our Consolidated Balance Sheets. Financing lease assets are included in “Financing leases - net” and “Financing lease obligations” on our Consolidated Balance Sheets
Lease Accounting Arrangements wherein we are the lessor
Arrangements wherein we are the lessor:
Each new lease contract is evaluated for classification as a sales-type lease, direct financing or operating lease. A lease is a sales-type lease if any one of five criteria are met, as outlined in ASC 842 each of which indicate the lease, in effect, transfers control of the underlying asset to the lessee. If none of those five criteria are met, but two additional criteria are both met, indicating we have transferred substantially all the risks and benefits of the underlying asset to the lessee and a third party, the lease is a direct financing lease. All leases that are not sales-type or direct financing leases are operating leases. We do not currently have any sales-type or direct financing leases.
For operating leases wherein we are the lessor, we assess the probability of payments at commencement of the lease contract and subsequently recognize lease income, including variable payments based on an index or rate, over the lease term on a straight-line basis, as a component of “Rent, storage, and warehouse services”. We
continue to measure and disclose the underlying assets subject to operating leases based on our policies for application of ASC 360, Property, Plant and Equipment.
For all asset classes, we have elected to not separate the lease and non-lease components, which are generally limited to taxes and common area maintenance. Additionally, we elected a practical expedient to present all funds collected from lessees for sales and other similar taxes net of the related sales tax expense. Our lease contracts are structured in a manner to reduce risks associated with the residual value of leased assets.
Business Combinations and Asset Acquisitions
Business Combinations and Asset Acquisitions
For business combinations, the excess of purchase price over the net fair value of assets acquired and liabilities assumed is recorded as goodwill. In an asset acquisition where we have determined that the cost incurred differs from the fair value of the net assets acquired, we assess whether we have appropriately determined the fair value of the assets and liabilities acquired and we also confirm that all identifiable assets have been appropriately identified and recognized. After completing this assessment, we allocate the difference on a relative fair value basis to all assets acquired except for financial assets (as defined in ASC 860, Transfers and Servicing), deferred taxes, and assets defined as “current” (as defined in ASC 210, Balance Sheet).
Whether the acquired business is being accounted for as a business combination or an asset acquisition, the determination of fair values of identifiable assets and liabilities requires estimates and the use of valuation techniques. Significant judgment is involved specifically in determining the estimated fair value of the acquired land and buildings and intangible assets. For intangible assets, we typically use the excess earnings method. Significant estimates that are more subjective and complex include the discount rate and operating margin. Significant estimates, although not necessarily highly subjective or complex, used in valuing intangible assets acquired in a business combination include, but are not limited to, revenue growth rates, customer attrition rates, operating costs, capital expenditures, tax rates and long-term growth rates. For buildings, we used a combination of methods including the cost approach to value buildings and the sales comparison approach to value the underlying land. Significant estimates used in valuing buildings and improvements acquired in a business combination include, but are not limited, to estimates of indirect costs and entrepreneurial profit, which were added to the replacement cost of the acquired assets in order to estimate their fair value in the market. Significant estimates used in valuing the land, include but are not limited to, estimating the price per acre of comparable market transactions.
Identifiable Intangible Assets
Identifiable Intangible Assets
Identifiable intangible assets consist of a trade name, customer relationships, in-place lease and assembled workforce.
The Company’s trade name asset is indefinite-lived, thus, it is not amortized. The Company evaluates the carrying value of its trade name each year as of October 1, and between annual evaluations if events occur or circumstances change that would more likely than not reduce the fair value of the trade name below its carrying amount. There were no impairments to the Company’s trade name for the years ended December 31, 2024, 2023 and 2022.
Finite-Lived Intangible Assets
Customer relationship assets are the Company’s largest finite-lived assets and are amortized over 18 to 40 years using the straight-line method, which reflects the pattern in which economic benefits of intangible assets are expected to be realized by the Company. Total intangible assets amortization expense for the years ended December 31, 2024, 2023 and 2022 was $36.4 million, $36.9 million and $35.7 million, respectively. The Company reviews these intangible assets for impairment when circumstances indicate the carrying amount may not be recoverable. For the year ended December 31, 2024, the Company recorded customer relationship asset impairment charges of $12.1 million within “Impairment of indefinite and long-lived assets” on the accompanying Consolidated Statements of Operations. The customer relationship impairment charges recognized during the year ended December 31, 2024 are associated with the anticipated exit of certain warehouse and transportation related operations. There were no impairments to customer relationship assets for the years ended December 31, 2023 and 2022.
Additional details regarding the remaining intangibles balances, which are not significant to the Company's overall policy, can be found in Note 5 - Goodwill and Intangible Assets.
Goodwill and Goodwill Impairment in Prior Years
Goodwill
Goodwill represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired in connection with business combinations. All acquisition-related goodwill balances are allocated amongst the Company’s reporting units based on the nature of the acquired operations that originally created the goodwill.
The Company evaluates the carrying value of goodwill each year as of October 1 and between annual evaluations if events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company may use both qualitative and quantitative approaches when testing goodwill for impairment. For selected reporting units where we use the qualitative approach, we perform a qualitative evaluation of events and circumstances impacting the reporting unit to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Based on that qualitative evaluation, if we determine it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, no further evaluation is necessary. Otherwise, we perform a quantitative impairment test. Alternatively, the Company may elect to proceed directly to the quantitative impairment test.
When quantitatively evaluating whether goodwill of a reporting unit is impaired, the Company compares the fair value of its reporting units to its carrying amounts, including goodwill. The assumptions used in the quantitative impairment test are estimates and use Level 3 inputs. The Company estimates the fair value of its reporting units using a methodology, or combination of methodologies, including a discounted cash flow analysis and/or a market-based valuation. The estimates of future cash flows are subject, but not limited to the following inputs and assumptions: revenue growth rates, operating costs and margins, capital expenditures, tax rates, long-term growth rate, and discount rates, which are affected by expectations about future market and economic conditions. The assumptions and inputs are based on risk-adjusted growth rates and discount factors accommodating multiple viewpoints that consider the full range of variability contemplated in the current and potential future economic situations. The market-based multiples approach assesses the financial performance and market values of other market-participant companies. If the estimated fair value of each of the reporting units exceeds the corresponding carrying value, no impairment of goodwill exists. If the reporting unit carrying value exceeds the reporting unit fair value an impairment charge is recorded for the difference between fair value and carrying value, limited to the amount of goodwill in the reporting unit. As of October 1, 2024, our reporting units which had a goodwill balance included the following: North America warehouse, North America transportation, and Asia-Pacific warehouse. The results of our 2024 impairment test for our reporting units indicated that the estimated fair value of each of
our reporting units was in excess of the corresponding carrying amount as of October 1, and no impairment of goodwill existed.
Goodwill Impairment in Prior Years
As of October 1, 2023, as a result of its annual evaluation, the Company determined its goodwill within the Europe warehouse reporting unit, a component of the warehouse operating segment, was fully impaired. Accordingly, the Company recognized a goodwill impairment loss of $236.5 million within “Impairment of indefinite and long-lived assets” in the Consolidated Statements of Operations during the year ended December 31, 2023. Factors that led to this conclusion included i) the impact of historic and sustained increases in inflation and interest rates on the reporting unit’s weighted average costs of capital which was beyond the Company’s control, ii) inability to achieve local operating results at historical underwritten values, and iii) increased tax rates applicable in the related European jurisdictions. The Company engaged the assistance of a third-party valuation firm to perform the goodwill quantitative impairment test, which included an assessment of the Europe Warehouse reporting unit’s fair value relative to the carrying value that was derived using the income approach. The assumptions used in the quantitative impairment test were estimates and used Level 3 inputs. The estimation of the net present value of future cash flows was based upon varying economic assumptions, including assumptions such as revenue growth rates, operating costs and margins, capital expenditures, tax rates, long-term growth rates and discount rates. Of these assumptions, the discount rates were the most subjective and/or complex. These assumptions were based on risk-adjusted discount factors accommodating viewpoints that consider the full range of variability contemplated in the current and potential future economic situations. There is no remaining goodwill related to the Europe warehouse reporting unit following this impairment.
In 2022, the Company strategically shifted its focus to the core warehouse portfolio, terminating and winding down business with one of the largest customers in the North America third-party managed reporting unit resulting in a goodwill impairment charge of $3.2 million. There is no remaining goodwill related to the North America third-party managed reporting unit following this impairment, as the remaining business was immaterial.
Cash, Cash Equivalents, and Restricted Cash
Cash, Cash Equivalents and Restricted Cash
Cash and cash equivalents consist of cash on hand, demand deposits, and short-term liquid investments purchased with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value. Restricted cash relates to cash on deposit and cash restricted for the payment of certain cash on deposit for certain workers’ compensation programs and cash collateralization of certain rental and performance bonds.
Accounts Receivable
Accounts Receivable
Accounts receivable are recorded at the invoiced amount. The Company periodically evaluates the collectability of amounts due from customers and maintains an allowance for doubtful accounts for estimated amounts uncollectible from customers. Management exercises judgment in establishing these allowances and considers the balance outstanding, payment history, expectations of any future losses over the contractual life, and current credit status in developing these estimates. Specific accounts are written off against the allowance when management determines the account is uncollectible.
The following table provides a summary of activity of the allowance for doubtful accounts:
Balance at beginning of yearChange in reserve due to the provisionChange in reserve due to the interest adjustmentAmounts written off, net of recoveriesBalance at end of year
(In thousands)
Year ended December 31, 2024
$21,647 7,633 1,771 (6,625)$24,426 
Year ended December 31, 2023
$15,951 6,422 6,296 (7,022)$21,647 
The Company records interest on delinquent billings in “Other, net” on the accompanying Consolidated Statements of Operations when collected.
Deferred Financing Costs
Deferred Financing Costs
Direct financing costs are deferred and amortized over the terms of the related agreements as a component of “Interest expense” in the accompanying Consolidated Statements of Operations. The Company amortizes such costs based on the effective interest rate or on a straight-line basis, if the difference between the two methods is considered otherwise immaterial. Deferred financing costs related to revolving lines of credit are classified as Other assets, whereas deferred financing costs related to debt are offset against the related principal balances in the accompanying Consolidated Balance Sheets.
Income Taxes
Income Taxes
The Company operates in a manner intended to enable it to continue to qualify as a REIT under Sections 856-860 of the Code. Under those sections, a REIT that distributes at least 100% of its REIT taxable income, as defined in the Code, as a dividend to its stockholders each year and that meets certain other conditions will not be taxed on that portion of its taxable income that is distributed to its stockholders for U.S. federal income tax purposes. Through cash dividends, the Company, for tax purposes, has distributed an amount equal to or greater than its REIT taxable income for the years ended December 31, 2024, 2023 and 2022. For all periods presented, the Company has met all the requirements to qualify as a REIT. Thus, no provision for federal income taxes was made for the years ended December 31, 2024, 2023 and 2022, except as needed for the Company’s U.S. Taxable REIT Subsidiaries (TRSs), and for the Company’s foreign entities. To qualify as a REIT, an entity cannot have at the end of any taxable year any undistributed earnings and profits that are attributable to a non-REIT taxable year (undistributed E&P). The Company believes that it had no undistributed E&P as of December 31, 2024. However, to the extent there is a determination (within the meaning of Section 852(e)(1)) of the Code that the Company has undistributed earnings and profits (as determined for U.S. federal income tax purposes) accumulated (or acquired from another entity) from any taxable year in which the Company (or any other entity that converts to a Qualified REIT Subsidiary (QRS) that was acquired during the year) was not a REIT or a QRS, the Company will take all necessary steps to permit the Company to avoid the loss of its REIT status, including, but not limited to: 1) within the 90-day period beginning on the date of the determination, making one or more qualified designated distributions (within the meaning of the Section 852(e)(2)) of the Code in an amount not less than such undistributed earnings and profits over the interest payable under section 852(e)(3) of the Code; and 2) timely paying to the IRS the interest payable under Section 852(e)(3) of the Code resulting from such a determination.
If the Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income taxes at regular corporate rates and may not be able to qualify as a REIT for the four subsequent taxable years. Even as a REIT, it may be subject to certain state and local income and franchise taxes, and to U.S. federal income and excise taxes on undistributed taxable income and on certain built-in gains.
The Company has elected TRS status for certain wholly-owned subsidiaries. This allows the Company to provide services at those consolidated subsidiaries that would otherwise be considered impermissible for REITs. Many of the foreign countries in which we have operations do not recognize REITs or do not grant REIT status under their respective tax laws to our entities that operate in their jurisdiction. Accordingly, the Company recognizes income tax expense for the U.S. federal and state income taxes incurred by the TRSs, taxes incurred in certain U.S. states and foreign jurisdictions, and interest and penalties associated with unrecognized tax benefit liabilities, as applicable.
Common share dividends are characterized for U.S. federal income tax purposes as ordinary income, qualified dividends, capital gains, non-taxable income return of capital, or a combination of the four. Common share dividends that exceed current and accumulated earnings and profits (calculated for tax purposes) constitute a return of capital rather than a dividend and generally reduce the stockholder’s basis in the common share. At the beginning of each year, we notify our stockholders of the taxability of the common share dividends paid during the preceding year. The payment of common share dividends is dependent upon our financial condition, operating results, and REIT distribution requirements and may be adjusted at the discretion of the Company’s Board of Directors. The composition of the Company’s distributions per common share for each year presented is as follows:
Common Shares
202420232022
Ordinary income
70 %66 %41 %
Capital gains
0 %0 %0 %
Return of capital
30 %34 %59 %
100 %100 %100 %
Taxable REIT Subsidiary
The Company has elected to treat certain of its wholly owned subsidiaries as TRSs. A TRS is subject to U.S. federal and state income taxes at regular corporate tax rates. Thus, income taxes for the Company’s TRSs are accounted for using the asset and liability method, under which deferred income taxes are recognized for (i) temporary differences between the financial reporting and tax bases of assets and liabilities and (ii) operating loss and tax credit carryforwards based on enacted tax rates expected to be in effect when such amounts are realized or settled.
The Company records a valuation allowance for deferred tax assets when it estimates that it is more likely than not that future taxable income will be insufficient to fully use a deduction or credit in a specific jurisdiction. In assessing the need for the recognition of a valuation allowance for deferred tax assets, we consider whether it is more likely than not that some portion, or all, of the deferred tax assets will not be realized and adjust the valuation allowance accordingly. We evaluate all significant available positive and negative evidence as part of our analysis. Negative evidence includes the existence of losses in recent years. Positive evidence includes the forecast of future taxable income by jurisdiction, tax-planning strategies that would result in the realization of deferred tax assets, reversal of existing deferred tax liabilities, and the presence of taxable income in prior carryback years. The underlying assumptions we use in forecasting future taxable income require significant judgment and take into account our recent performance. The ultimate realization of deferred tax assets depends on the generation of future taxable income during the periods in which temporary differences are deductible or creditable.
The Company accrues liabilities when it believes that it is more likely than not that it will not realize the benefits of tax positions that it has taken in its tax returns or for the amount of any tax benefit that exceeds the cumulative
probability threshold in accordance with ASC 740-10, Uncertain Tax Positions. The Company recognizes interest and penalties related to unrecognized tax benefits within “Income tax (expense) benefit” in the accompanying Consolidated Statements of Operations.
The Organization for Economic Co-operation and Development (“OECD”) has proposed a global minimum tax of 15% of reported profits (Pillar 2) that has been agreed upon in principle by over 140 countries. During 2023, many countries incorporated Pillar 2 model rules into their laws. The model rules provide a framework for applying the minimum tax and some countries have adopted Pillar 2 effective January 1, 2024; however, countries must individually enact Pillar 2 which may result in variation in the application of the model rules and timelines. There was no material impact to our Consolidated Financial Statements from this Pillar Two provision during the year ended December 31, 2024. We will continue to monitor both U.S. and international legislative developments related to Pillar Two to assess for any potential impacts.
Pension and Post-Retirement Benefits
Pension and Post-Retirement Benefits
The Company has defined benefit pension plans that cover certain union and nonunion associates. The Company also participates in multi-employer union defined benefit pension plans under collective bargaining agreements for certain union associates. The Company also has a post-retirement benefit plan to provide life insurance coverage to eligible retired associates. The Company also offers defined contribution plans to all of its eligible associates. Contributions to multi-employer union defined benefit pension plans are expensed as incurred, as are the Company’s contributions to the defined contribution plans. For the defined benefit pension plans and the post-retirement benefit plan, an asset or a liability is recorded in the Consolidated Balance Sheets equal to the funded status of the plan, which represents the difference between the fair value of the plan assets and the projected benefit obligation at the consolidated balance sheet date. The Company utilizes the services of a third-party actuary to assist in the assessment of the projected benefit obligation at each measurement date. Certain changes in the value of plan assets and the projected benefit obligation are not recognized immediately in earnings but instead are deferred and recorded in “Adjustment to accrued pension liability” in the accompanying Consolidated Statements of Comprehensive (Loss) Income and amortized to earnings in future periods.
Foreign Currency Gains and Losses
Foreign Currency Gains and Losses
The local currency is the functional currency for the Company’s operations in Australia, Canada, Chile, New Zealand, Argentina, Poland, United Kingdom, and Eurozone countries. For these operations, assets and liabilities are translated at the rates of exchange on the consolidated balance sheet date, while income and expense items are translated at average rates of exchange during the period. The resulting gains or losses arising from the translation of accounts from the functional currency into U.S. dollars are included as a separate component of equity in “Accumulated other comprehensive loss” until a partial or complete liquidation of the Company’s net investment in the foreign operation.
From time to time, the Company’s foreign operations may enter into transactions that are denominated in a currency other than their functional currency. These transactions are initially recorded in the functional currency of the subsidiary based on the applicable exchange rate in effect on the date of the transaction. On a monthly basis, these transactions are remeasured to an equivalent amount of the functional currency based on the applicable exchange rate in effect on the remeasurement date. Any adjustment required to remeasure a transaction to the equivalent amount of functional currency is recorded within “Other, net” in the accompanying Consolidated Statements of Operations.
Foreign currency transaction gains and losses on the remeasurement of short-term intercompany loans denominated in currencies other than a subsidiary’s functional currency are recognized as a component of
“Foreign currency exchange (gain) loss” within “Other, net” in the accompanying Consolidated Statements of Operations, except to the extent that the transaction is effectively hedged. For loans that are effectively hedged, the transaction gains and losses on remeasurement are recorded to Unrealized net loss on foreign currency in the accompanying Consolidated Statements of Comprehensive (Loss) Income. Refer to Note 10 - Derivative Financial Instruments for further details. Foreign currency transaction gains and losses resulting from the remeasurement of long-term intercompany loans denominated in currencies other than a subsidiary’s functional currency are recorded in “Unrealized net gain (loss) on foreign currency” on the accompanying Consolidated Statements of Comprehensive (Loss) Income.
Certain foreign denominated debt instruments have been designated as a hedge of our net investment in the international subsidiaries which were funded. The remeasurement of these instruments is recorded in “Unrealized net gain (loss) on foreign currency” on the accompanying Consolidated Statements of Comprehensive (Loss) Income. Refer to Note 10 - Derivative Financial Instruments for further details.
Recent Accounting Pronouncements
Recent Accounting Pronouncements
In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2024-03, Income Statement –Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This ASU requires an entity to disclose the amounts of employee compensation, depreciation, and intangible asset amortization included in each relevant expense caption. It also requires an entity to include certain amounts that are already required to be disclosed under current GAAP in the same disclosure. Additionally, it requires an entity to disclose a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, and to disclose the total amount of selling expenses and, in annual reporting periods, an entity’s definition of selling expenses. The amendments in the ASU are effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. An entity may apply the amendments prospectively for reporting periods after the effective date or retrospectively to any or all prior periods presented in the financial statements. We are currently evaluating when we will adopt the ASU and the impacted on our Consolidated Financial Statements and the related footnote disclosures.
In March 2024, the Securities and Exchange Commission (the “SEC”) adopted the final rules that will require certain climate-related information in registration statements and annual reports. In April 2024, the SEC voluntarily stayed the new rules as a result of pending legal challenges. The new rules include a requirement to disclose material climate-related risks, descriptions of board oversight and risk management activities, the material impacts of these risks on a registrants’ strategy, business model and outlook, and any material climate-related targets or goals, as well as material effects of severe weather events and other natural conditions and greenhouse gas emissions. Prior to the stay, the new rules would have been effective for annual periods beginning January 1, 2025, except for the greenhouse gas emissions disclosure which would have been effective for annual periods beginning January 1, 2026. The Company is currently evaluating the impact of these rules on its disclosures.
In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in ASU 2023-09 provide for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for the Company prospectively to all annual periods beginning after December 15, 2024. The Company is currently evaluating the impact of this standard on our disclosures for 2025.
In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which enhances the disclosures required for operating segments in the Company's annual and interim Consolidated and or Condensed Consolidated Financial Statements. We adopted this standard effective January 1, 2024 for annual reporting and applied the disclosure requirements retrospectively to all prior periods presented in Note 20 - Segment Information of this Annual Report on Form 10-K. The adoption of ASU 2023-07 did not have a material impact on our financial position or results of operations. Refer to Note 20 - Segment Information for details of changes made to our Form 10-K herein.
All other new accounting pronouncements that have been issued, but not yet effective are currently being evaluated and at this time are not expected to have a material impact on our financial position or results of operations.
v3.25.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Activity of Allowance for Doubtful Accounts
The following table provides a summary of activity of the allowance for doubtful accounts:
Balance at beginning of yearChange in reserve due to the provisionChange in reserve due to the interest adjustmentAmounts written off, net of recoveriesBalance at end of year
(In thousands)
Year ended December 31, 2024
$21,647 7,633 1,771 (6,625)$24,426 
Year ended December 31, 2023
$15,951 6,422 6,296 (7,022)$21,647 
Schedule of Distribution The composition of the Company’s distributions per common share for each year presented is as follows:
Common Shares
202420232022
Ordinary income
70 %66 %41 %
Capital gains
0 %0 %0 %
Return of capital
30 %34 %59 %
100 %100 %100 %
v3.25.0.1
Business Combinations, Asset Acquisitions and Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Components of Net Gain (Losses) from Discontinued Operations
The primary components of the loss from discontinued operations for the years ended December 31, 2023 and 2022 are included in the table below. There were no discontinued operations during the year ended December 31, 2024.
Years Ended December 31,
20232022
Results of discontinued operations
(In thousands)
Revenues$29,471 $— 
Operating expenses 32,088 — 
Estimated costs of disposal 4,616 — 
Loss from partial investment pre-acquisition4,111 8,382 
Gain from sale of Comfrio (1,082)— 
Pre-tax loss(10,262)(8,382)
Income tax expense (191)— 
Loss from discontinued operations, net of tax
$(10,453)$(8,382)
v3.25.0.1
Investments in and Advances to Partially Owned Entities (Tables)
 12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investments in and Advances to Partially Owned
As of December 31, 2024 and 2023, our investments in partially owned entities accounted for under the equity method of accounting and advances to these entities under established loan agreements consist of the following:
As of December 31,
Joint VentureLocation% Ownership20242023
(In thousands)
Investment in SuperFrioBrazil14.99%$22,498 $32,350 
Investment in RSADubai49%5,296 4,073 
Advances to RSA, including accrued interest
12,458 1,690 
Total investment in and advances to RSA17,754 5,763 
Total investments in and advances to partially owned entities
$40,252 $38,113 
v3.25.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The changes in the carrying amount of the Company’s goodwill by reportable segment for the years ended December 31, 2024 and 2023 are as follows:

WarehouseTransportationTotal
(In thousands)
December 31, 2022$989,286 $44,351 $1,033,637 
Purchase price allocation adjustments
(4,348)— (4,348)
Goodwill impairment
(236,515)— (236,515)
Impact of foreign currency translation
1,230 — 1,230 
December 31, 2023749,653 44,351 794,004 
Impact of foreign currency translation
(9,962)— (9,962)
December 31, 2024$739,691 $44,351 $784,042 
Schedule of Intangible Assets Subject to Amortization
Intangible assets, other than goodwill, are as follows as of December 31, 2024 and 2023:

December 31, 2024December 31, 2023
Intangible assetGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(In thousands)
Customer relationships
$996,419 $(173,032)$823,387 $1,023,107 $(141,078)$882,029 
In-place lease and assembled workforce475 (279)196 4,254 (3,946)308 
Trade name 16,700 (1,623)15,077 16,700 (1,623)15,077 
Total intangible assets, other than goodwill$1,013,594 $(174,934)$838,660 $1,044,061 $(146,647)$897,414 
v3.25.0.1
Other Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Other Assets [Abstract]  
Schedule of Other Assets
Other assets as of December 31, 2024 and 2023 are as follows:
As of December 31,
20242023
(In thousands)
Capitalized costs related to Project Orion, net of accumulated amortization$80,487 $43,948 
Prepaid accounts44,402 40,942 
Fair value of derivatives29,868 15,480 
Reimbursement receivable24,609 23,483 
Value added tax receivable19,063 17,339 
Inventory and supplies7,427 7,236 
Other85,374 45,650 
Total other assets
$291,230 $194,078 
v3.25.0.1
Accounts Payable and Accrued Expenses (Tables)
 12 Months Ended
Dec. 31, 2024
Payables and Accruals [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities
Accounts payable and accrued expenses as of December 31, 2024 and 2023 are as follows:
As of December 31,
20242023
(In thousands)
Trade payables$221,641 $201,094 
Accrued payroll and employee benefits90,513 107,663 
Dividends payable64,032 63,564 
Accrued warehouse expenses42,032 43,702 
Accrued interest36,222 28,399 
Accrued workers' compensation expenses35,944 33,030 
Value added tax payable 18,947 16,772 
Other accrued expenses94,080 74,540 
Total accounts payable and accrued expenses
$603,411 $568,764 
v3.25.0.1
Acquisition, Cyber Incident and Other, Net (Tables)
 12 Months Ended
Dec. 31, 2024
Acquisition, Litigation and Other Special Charges [Abstract]  
Schedule of Acquisition, Cyber Incident and Other, Net
The components of the charges included in “Acquisition, cyber incident, and other, net” in our Consolidated Statements of Operations are as follows:
Years Ended December 31,
202420232022
Acquisition, cyber incident, and other, net
(In thousands)
Project Orion expenses$58,187 $13,929 $3,945 
Severance costs11,710 11,668 6,530 
Acquisition and integration related costs9,833 5,094 20,073 
Other, net2,649 2,058 19 
Cyber incident related costs, net of insurance recoveries(5,210)28,877 (2,210)
Pension plan termination charges— 2,461 — 
Terminated site operations costs— — 4,154 
Total acquisition, cyber incident, and other, net
$77,169 $64,087 $32,511 
v3.25.0.1
Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Outstanding Borrowings
The following table reflects a summary of our outstanding indebtedness, at carrying amount, as of December 31, 2024 and 2023:
December 31, 2024December 31, 2023
(In thousands)
Senior Unsecured Notes$2,226,524 $1,777,925 
Senior Unsecured Term Loans818,820 833,775 
Senior Unsecured Revolving Credit Facility255,052 392,156 
Total principal amount of indebtedness$3,300,396 $3,003,856 
Less: unamortized deferred financing costs
(13,882)(10,578)
Total indebtedness, net of deferred financing costs
$3,286,514 $2,993,278 
The following table provides the details of our Senior Unsecured Notes:
December 31, 2024December 31, 2023
Stated Maturity DateContractual Interest RateBorrowing CurrencyCarrying Amount (USD)Borrowing CurrencyCarrying Amount (USD)
(In thousands, except percentages)
Private Series A Notes01/20264.68%$200,000 $200,000 $200,000 $200,000 
Private Series B Notes01/20294.86%$400,000 400,000 $400,000 400,000 
Private Series C Notes01/20304.10%$350,000 350,000 $350,000 350,000 
Private Series D Notes01/20311.62%€400,000 414,146 €400,000 441,560 
Private Series E Notes01/20331.65%€350,000 362,378 €350,000 386,365 
Public 5.409% Notes09/2034
5.41%
$500,000 500,000 $— — 
Total Senior Unsecured Notes
$2,226,524 $1,777,925 
The following table provides the details of our Senior Unsecured Term Loans:
December 31, 2024December 31, 2023
Stated Maturity Date(2)
Contractual Interest Rate(1)
Borrowing CurrencyCarrying Amount (USD)
Contractual Interest Rate(1)
Borrowing CurrencyCarrying Amount (USD)
(In thousands, except percentages)
Tranche A-108/2025
SOFR + 0.94%
$375,000 $375,000 
SOFR + 0.94%
$375,000 $375,000 
Tranche A-201/2028
CORRA + 0.94%
C$250,000 173,820 
CDOR + 0.94%
C$250,000 188,775 
Delayed Draw Tranche A-301/2028
SOFR + 0.94%
$270,000 270,000 
SOFR + 0.94%
$270,000 270,000 
Total Senior Unsecured Term Loans
$818,820 $833,775 
(1)SOFR = one-month Adjusted Term SOFR; CORRA = adjusted daily CORRA. Tranche A-1 and Tranche A-3 SOFR includes an adjustment of 0.10% in addition to the margin. Tranche A-2 CORRA includes an adjustment of 0.30% in addition to the margin. Our Canadian dollar borrowings previously bore interest tied to one-month CDOR. Refer to Note 10 - Derivative Financial Instruments for details of the related interest rate swaps.
(2)The terms of the debt agreement for Tranche A-1 include an option for two 12-month extensions past the contractual maturity date in August of 2025.
The following table provides the details of our Senior Unsecured Revolving Credit Facility:
December 31, 2024December 31, 2023
Denomination of Draw
Contractual Interest Rate (1)
Borrowing CurrencyCarrying Amount (USD)
Contractual Interest Rate(1)
Borrowing CurrencyCarrying Amount (USD)
(In thousands, except percentages)
U.S. dollar
SOFR + 0.84%
$14,000 $14,000 
SOFR + 0.84%
$34,000 $34,000 
Australian dollar
BBSW + 0.84%
A$197,000 121,908 
BBSW + 0.84%
A$191,000 130,108 
British pound sterling
SONIA + 0.84%
£— — 
SONIA + 0.84%
£78,000 99,302 
Canadian dollar
CORRA + 0.84%
C$35,000 24,335 
CDOR + 0.84%
C$35,000 26,429 
Euro
EURIBOR + 0.84%
€70,500 72,993 
EURIBOR + 0.84%
€67,500 74,513 
New Zealand dollar
BKBM + 0.84%
NZ$39,000 21,816 
BKBM + 0.84%
NZ$44,000 27,804 
Total Senior Unsecured Revolving Credit Facility
$255,052 $392,156 
(1)SOFR = adjusted daily SOFR; BBSW = one-month Bank Bill Swap Rate; CORRA = adjusted daily CORRA; EURIBOR = one-month Euro Interbank Offered Rate; BKBM = one-month Bank Bill Reference Rate. We have elected adjusted daily SOFR for the entirety of our U.S. dollar denominated borrowings shown above, which includes an adjustment of 0.10% in addition to the margin. Included in the adjusted daily CORRA rate is an adjustment of 0.30% in addition to the margin. Our British pound sterling borrowings bore interest tied to adjusted SONIA, which included an adjustment of 0.03% in addition to the margin. Our Canadian dollar borrowings previously bore interest tied to one-month CDOR.
Schedule of Aggregate Maturities of Total Indebtedness
The aggregate maturities of indebtedness as of December 31, 2024 for each of the next five years and thereafter, are as follows:
Years Ending December 31:(1)
(In thousands)
2025
$375,000
2026455,052
2027—
2028443,820 
2029400,000
Thereafter
1,626,524
Total principal amount of indebtedness3,300,396
Less: unamortized deferred financing costs
(13,882)
Total indebtedness, net of deferred financing costs
$3,286,514
(1)The debt listed to mature in 2025 represents the Tranche A-1 term loan. The terms of the Tranche A-1 term loan agreement include an option for two 12-month extensions past the contractual maturity date in August of 2025. Approximately $255.1 million of the debt listed to mature in 2026 represents outstanding borrowings on the revolving credit facility. The terms of the revolving credit facility agreement include an option for two six-month extensions
v3.25.0.1
Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
The following table includes the key provisions of the interest rate swaps outstanding as of December 31, 2024 and 2023:
NotionalFixed Base Interest Rate SwapEffective DateExpiration Date
Asset Fair Value as of December 31, 2024
Liability Fair Value as of December 31, 2024
(In thousands)
$200 million
3.05%12/29/20237/30/2027$4,651 $— 
$175 million
3.47%11/30/20227/30/20272,265 — 
$270 million
3.05%11/01/202212/31/20277,225 — 
C$250 million
3.59%9/23/202212/31/2027— 3,021 
Total$14,141 $3,021 
NotionalFixed Base Interest Rate SwapEffective DateExpiration Date
Asset Fair Value as of December 31, 2023
Liability Fair Value as of December 31, 2023
(In thousands)
$200 million
3.05%12/29/20237/30/2027$3,687 $— 
$175 million
3.47%11/30/20227/30/2027788 — 
$270 million
3.05%11/01/202212/31/20275,106 — 
C$250 million
3.59%9/23/202212/31/2027— 330 
Total$9,581 $330 
Summary of Derivative Results
The following table presents the fair value of the derivative financial instruments as of December 31, 2024 and December 31, 2023:
Derivative AssetsDerivative Liabilities
December 31, 2024December 31, 2023December 31, 2024December 31, 2023
Designated derivatives
(In thousands)
Foreign exchange contracts$15,727 $5,899 $— $— 
Interest rate contracts14,141 9,581 3,021 330 
Total fair value of derivatives$29,868 $15,480 $3,021 $330 
The following table presents the effect of the Company’s designated derivative financial instruments on the accompanying Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022, including the impacts to AOCI:
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on DerivativeLocation of Gain (Loss) Reclassified from AOCI into EarningsAmount of Gain (Loss) Reclassified from AOCI into Earnings
As of December 31,As of December 31,
202420232022202420232022
(In thousands)
(In thousands)
Interest rate contracts$17,431 $7,504 $15,572 Interest expense$15,574 $13,825 $721 
Loss on debt extinguishment, modifications and termination of derivative instruments(1)
(973)(2,513)(2,507)
Foreign exchange contracts10,334 1,028 5,933 
Foreign currency exchange gain (loss), net
9,371 200 7,602 
Interest expense506 374 371 
Total designated cash flow hedges$27,765 $8,532 $21,505 $24,478 $11,886 $6,187 
(1)In conjunction with the termination of interest rate swaps in 2020, the Company recorded amounts in AOCI that were reclassified as an adjustment to earnings over the term of the original hedges and respective borrowings through August 2024 within “Loss on debt extinguishment, modifications and termination of derivative instruments.”
v3.25.0.1
Sale-Leasebacks of Real Estate (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Outstanding Sale-Leaseback Financing Obligations
The Company has a series of leases accounted for as failed sale-leaseback financing obligations associated with long-lived real estate assets. These obligations were assumed in conjunction with the Company’s acquisition of Agro Merchants Group (“Agro”) in December of 2020 and are further detailed in the table below as of December 31, 2024 and 2023.
December 31, 2024
December 31, 2023
MaturityInterest RateBalanceMaturityInterest RateBalance
(In thousands, except percentages)
1 warehouse – 2010
7/203010.34%$15,872 7/203010.34%$16,912 
11 warehouses – 2007
——— 9/2027
7.00% - 19.59%
78,735 
3 facilities - 2007 (Agro)
7/203110%58,359 7/203110%60,987 
1 facility - 2013 (Agro)
12/203310%4,770 12/203310%5,303 
Total sale-leaseback financing obligations$79,001 $161,937 
As of December 31, 2024, future minimum lease payments, inclusive of certain obligations to be settled with the residual value of related long-lived assets upon expiration of the lease agreement, of the sale-leaseback financing obligations are as follows:
Years Ending December 31:
(In thousands)
2025$12,259 
202612,325 
202713,059 
202813,261 
202913,421 
Thereafter
54,133 
Total minimum payments
118,458 
Interest portion
(39,457)
Present value of net minimum payments
$79,001 
v3.25.0.1
Lease Accounting (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Lease, Cost
The components of lease expense were as follows:
Years Ended December 31,

202420232022
Components of lease expense:
(In thousands)
Operating lease cost (1)
$44,883 $44,971 $52,331 
Financing lease cost:
Depreciation
31,642 26,129 25,687 
Interest on lease liabilities
4,129 444 3,063 
Sublease income
(17,573)(5,856)(7,991)
Net lease expense
$63,081 $65,688 $73,090 
(1)Includes short-term lease and variable lease costs, which are immaterial.
Other information related to leases is as follows:
Years Ended December 31,
202420232022
Supplemental Cash Flow Information
 (In thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$(36,118)$(35,510)$(42,949)
Financing cash flows from finance leases
$(37,921)$(39,214)$(33,860)
Right-of-use assets obtained in exchange for lease obligations
Operating leases
$11,186 $6,244 $7,889 
Finance leases
$38,989 $59,276 $18,694 
Weighted-average remaining lease term (years)
Operating leases
9.910.611.1
Finance leases
3.33.93.3
Weighted-average discount rate
Operating leases
2.9 %2.8 %2.8 %
Finance leases
4.7 %3.9 %3.2 %
Schedule of Finance Lease, Liability, Maturity
Future minimum lease payments under non-cancellable leases as of December 31, 2024 were as follows:
Years ending December 31,Operating Lease PaymentsFinance Lease PaymentsTotal Lease Payments
(In thousands)
2025$33,492 $33,097 $66,589 
202629,552 28,008 57,560 
202727,094 23,352 50,446 
202825,205 13,713 38,918 
202922,437 4,652 27,089 
Thereafter114,642 1,942 116,584 
Total future minimum lease payments$252,422 $104,764 $357,186 
Less: Interest(33,323)(8,980)(42,303)
Total future minimum lease payments less interest$219,099 $95,784 $314,883 
Schedule of Lessee, Operating Lease, Liability, Maturity
Future minimum lease payments under non-cancellable leases as of December 31, 2024 were as follows:
Years ending December 31,Operating Lease PaymentsFinance Lease PaymentsTotal Lease Payments
(In thousands)
2025$33,492 $33,097 $66,589 
202629,552 28,008 57,560 
202727,094 23,352 50,446 
202825,205 13,713 38,918 
202922,437 4,652 27,089 
Thereafter114,642 1,942 116,584 
Total future minimum lease payments$252,422 $104,764 $357,186 
Less: Interest(33,323)(8,980)(42,303)
Total future minimum lease payments less interest$219,099 $95,784 $314,883 
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity
Future minimum lease payments due from our customers on leases as of December 31, 2024 were as follows:
Year ending December 31,Operating Leases
(In thousands)
2025$50,464 
202642,696 
202735,641 
202830,145 
202916,125 
Thereafter42,181 
Total$217,252 
v3.25.0.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
The Company’s assets and liabilities measured or disclosed at fair value are as follows:
Fair Value
Fair Value HierarchyDecember 31, 2024December 31, 2023
Measured at fair value on a recurring basis:
(In thousands)
Interest rate swap assets
Level 2$14,141 $9,581 
Interest rate swap liabilities
Level 2$3,021 $330 
Foreign exchange swap assets
Level 2$15,727 $5,899 
Assets held by various pension plans:
Level 1$22,052 $24,564 
Level 2$4,010 $4,425 
Level 3$1,107 $1,323 
Measured at fair value on a non-recurring basis:
Certain previously impaired real estate assetsLevel 3$25,394 $— 
Disclosed at fair value:
Public 5.409% NotesLevel 2 $478,950 $— 
Senior unsecured notes, term loans, and revolving credit facility(1)
Level 3$2,660,494 $2,821,064 
(1)The carrying value of senior unsecured notes, term loans, and revolving credit facility is disclosed in Note 9 - Debt.
v3.25.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
The following table summarizes restricted stock unit grants by grantee type during the years ended December 31, 2024, 2023 and 2022:
Year Ended
December 31		Grantee TypeNumber of
Restricted Stock
Units Granted		Vesting
Period
Grant Date
Fair Value
(In thousands)
2024 Directors 13,834 
 1 year
$350 
2024 Associates 839,166 
 1-3 years
$21,847 
2023Directors12,036 
 1 year
$350 
2023Associates634,109 
 1-3 years
$19,759 
2022Directors4,810 
 1 year
$125 
2022Associates555,719 
 1-3 years
$15,067 
The following table provides a summary of restricted stock unit activity under the 2010 and 2017 Plans for the year ended December 31, 2024:
Year Ended December 31, 2024
Restricted StockNumber of Time-Based Restricted Stock UnitsAggregate Intrinsic Value (in millions)
Number of Market Performance-Based Restricted Stock Units(1)
Aggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2023
732,519 $20.0 259,326 $10.0 
Granted
717,370 135,630 
Market-performance adjustment(2)
— (28,632)
Vested
(366,298)(36,419)
Forfeited
(85,315)(20,860)
Non-vested as of December 31, 2024
998,276 $21.4 309,045 $6.6 
Shares vested, but not released(3)
46,890 1.0— — 
Total outstanding restricted stock units
1,045,166 $22.4 309,045 $6.6 
(1)The number of market performance-based restricted stock units granted are reflected within this table based upon the number of shares of common stock issuable upon achievement of the performance metric at target.
(2)Represents the decrease in the number of original market-performance units awarded based on the final performance criteria achievement at the end of the defined performance period.
(3)For certain vested restricted stock units, common stock issuance is contingent upon the first to occur of: (1) termination of service; (2) change in control; (3) death; or (4) disability, as defined in the 2010 Plan. Of these vested time-based restricted stock units 46,890 belong to an active member of the Board of Directors and the date of issuance is therefore unknown at this time. The weighted average grant date fair value of these units is $8.42 per unit. Holders of these certain vested restricted stock units are entitled to receive dividends, but are not entitled to vote until such stock is issued.
Schedule of Market Performance-Based Restricted Stock Units Thresholds In the event that the RMZ Relative Market Performance during the Market Performance Period is achieved at the
“threshold,” “target” or “high” level as set forth below, the awards will become vested as to the market condition with respect to the percentage of RSUs, as applicable, set forth below:
Performance Level ThresholdsRMZ Relative Market PerformanceMarket Performance Vesting Percentage
High Level
above 75th percentile
200 %
Target Level
50th percentile
100 %
Threshold Level
25th percentile
50 %
Below Threshold Level
below 25th percentile
0 %
Schedule of Performance-Based Restricted Stock Unit Valuation Assumptions Assumptions used in the valuations are summarized as follows:
Award Date
Expected Stock Price Volatility (1)
Risk-Free Interest Rate
Dividend Yield (2)
202233 %1.75 %N/A
202328 %4.77 %N/A
202429 %4.29 %N/A
(1)Volatility is based on historical stock price
(2)Dividends are assumed to be reinvested and therefore not applicable.
Schedule of OP Units Activity
The following table summarizes OP unit grants under the 2017 Plan during the years ended December 31, 2024, 2023 and 2022:
Year Ended
December 31		Grantee TypeNumber of
OP Units Granted		Vesting
Period
Grant Date Fair Value
(In thousands)
2024Directors43,478 
 1 year
$1,100 
2024Associates662,200 
3 years
$16,969 
2023Directors37,827 
 1 year
$1,100 
2023Associates357,254 
 1-3 years
$11,917 
2022Directors35,593 
 1 year
$925 
2022Associates342,980 
 1-3 years
$9,087 
The following table provides a summary of the OP unit activity under the 2017 Plan for the year ended December 31, 2024:
Year Ended December 31, 2024
OP UnitsNumber of Time-Based OP Units Aggregate Intrinsic Value (in millions)Number of Market Performance-Based OP UnitsAggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2023
235,895 $7.1 420,376 $12.7 
Granted
468,811 236,867 
Vested
(128,448)(61,089)
Forfeited
(13,273)(28,185)
Non-vested as of December 31, 2024
562,985 $12.0 567,969 $12.2 
Shares vested, but not released
372,168 8.0 83,304 — 
Total outstanding OP units
935,153 $20.0 651,273 $12.2 
Schedule of Stock Option Activity
The following table provides a summary of option activity for the year ended December 31, 2024:
Number of OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Terms (Years)
Outstanding as of December 31, 2023
100,498 $9.81 2.7
Exercised
(32,500)9.81 
Outstanding as of December 31, 2024
67,998 $9.81 1.8
Exercisable as of December 31, 2024
67,998 $9.81 1.8
v3.25.0.1
Income Taxes Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
The following is a summary of the loss from continuing operations before income taxes for the years ended December 31, 2024, 2023 and 2022 in the U.S. and foreign operations:
Years Ended December 31,
202420232022
Loss from continuing operations before income taxes
(In thousands)
U.S.
$(19,509)$(35,662)$37,040 
Foreign
(83.668)(292,427)(66,968)
Total loss from continuing operations before income taxes
$(103,177)$(328,089)$(29,928)
Schedule of Components of Income Tax Expense (Benefit)
The benefit (expense) for income taxes from continuing operations for the years ended December 31, 2024, 2023 and 2022 is as follows:
Years Ended December 31,
202420232022
(In thousands)
Current:
U.S. federal
$57 $(9)$290 
State
(736)(3,318)(620)
Foreign
(4,103)(5,181)(3,395)
Total current portion
(4,782)(8,508)(3,725)
Deferred:
U.S. federal
(4,615)(1,264)(3,895)
State
(1,524)347 360 
Foreign
19,349 11,698 26,096 
Total deferred portion
13,210 10,781 22,561 
Total income tax benefit from continuing operations
$8,428 $2,273 $18,836 
Schedule of Effective Income Tax Rate Reconciliation The reconciliation between the statutory rate and reported amount for the years ended December 31, 2024, 2023 and 2022 is as follows:
Years Ended December 31,
202420232022
(In thousands)
Income tax benefit from continuing operations at statutory rates
$21,667 $68,899 $6,285 
Earnings from REIT - not subject to tax
(7,683)(6,612)7,742 
State income taxes, net of federal income tax benefit
(2,488)(2,616)(524)
Foreign income taxed at different rates
2,622 11,432 1,296 
Change in valuation allowance
(5,523)(10,619)1,307 
Goodwill Impairment— (57,436)— 
Non-deductible expenses
(2,188)(1,243)(4,379)
Change in status of investment— — 6,503 
Other
2,021 468 606 
Total
$8,428 $2,273 $18,836 
Schedule of Deferred Tax Assets and Liabilities
The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of December 31, 2024 and 2023 are as follows:
December 31,
20242023
(In thousands)
Deferred tax assets:
Net operating loss and credits carryforwards
$67,765 $74,439 
Accrued expenses
33,087 34,125 
Share-based compensation
3,132 2,890 
Lease obligations
14,244 15,155 
Other assets
2,442 3,909 
Total gross deferred tax assets
120,670 130,518 
Less: valuation allowance
(14,430)(10,895)
Total net deferred tax assets
106,240 119,623 
Deferred tax liabilities:
Intangible assets and goodwill
(71,420)(76,860)
Property, buildings and equipment
(132,646)(157,659)
Lease right-of-use assets
(14,479)(15,646)
Other liabilities
(3,315)(4,789)
Total gross deferred tax liabilities
(221,860)(254,954)
Net deferred tax liability
$(115,620)$(135,331)
v3.25.0.1
Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan
Actuarial information regarding these plans is as follows:
2024
Americold Retirement
Income Plan (ARIP)		National
Service-Related Pension Plan (NSRPP)		Other
Post-Retirement Benefits (OPRB)		SuperannuationAustria PlansTotal
Change in benefit obligation:
(In thousands)
Benefit obligation – January 1, 2024
$— $(27,138)$(503)$(1,559)$(2,509)(31,709)
Service cost
— — — (44)(74)(118)
Interest cost
— (1,262)(20)(74)(70)(1,426)
Actuarial gain (loss)
— 1,610 16 (109)274 1,791 
Benefits paid
— 1,344 — 45 131 1,520 
Plan participants’ contributions
— — — (16)— (16)
Foreign currency translation gain
— — — 143 158 301 
Effect of settlement
— 2,094 33 — — 2,127 
Benefit obligation – end of year
$— $(23,352)$(474)$(1,614)$(2,090)$(27,530)
Change in plan assets:
Fair value of plan assets – January 1, 2024
$— $27,365 $— $1,633 $1,314 $30,312 
Actual return on plan assets
— 472 — 539 39 1,050 
Employer contributions
— — 33 — 134 167 
Benefits paid
— (1,344)— (116)(41)(1,501)
Effect of settlement
— (2,094)(33)— — (2,127)
Plan participants’ contributions
— — — 43 — 43 
Foreign currency translation loss
— — — (436)(66)(502)
Others
— — — — (273)(273)
Fair value of plan assets – end of year
— 24,399 — 1,663 1,107 27,169 
Funded status
$— $1,047 $(474)$49 $(983)$(361)
Amounts recognized on the consolidated balance sheet as of December 31, 2024:
Pension and post-retirement asset (liability)
$— $1,047 $(474)$49 $(983)$(361)
Accumulated other comprehensive (income) loss
— (1,030)(74)96 (307)(1,315)
Amounts in accumulated other comprehensive loss (income) consist of:
Net (gain) loss
$— $(1,030)$(74)$96 $(307)$(1,315)
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Net (gain) loss
$— $(700)$(16)$13 $99 $(604)
Amortization of net loss (gain)
— 60 5 — (21)44 
Amount recognized due to special event
— 44 5 — — 49 
Foreign currency translation gain
— — — (4)— (4)
Total recognized in other comprehensive loss (income)
$— $(596)$(6)$9 $78 $(515)
Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation
 N/A  N/A $474 $1,614 $2,090 $4,178 
Accumulated benefit obligation
 N/A  N/A $474 $1,482 $1,833 $3,789 
Fair value of plan assets
 N/A  N/A $— $1,663 $1,107 $2,770 
2023
Americold Retirement
Income Plan (ARIP)		National
Service-Related Pension Plan (NSRPP)		Other
Post-Retirement Benefits (OPRB)		SuperannuationAustria PlansTotal
Change in benefit obligation:
(In thousands)
Benefit obligation – January 1, 2023
$(33,811)$(26,604)$(493)$(1,268)$(2,421)$(64,597)
Service cost
— — — (48)(102)(150)
Interest cost
(1,603)(1,322)(21)(64)(84)(3,094)
Actuarial (loss) gain
(1,199)(474)11 (209)130 (1,741)
Benefits paid
1,487 1,262 — 48 44 2,841 
Plan participants’ contributions
— — — (18)— (18)
Foreign currency translation loss
— — — — (76)(76)
Effect of settlement
35,126 — — — — 35,126 
Benefit obligation – end of year
$— $(27,138)$(503)$(1,559)$(2,509)$(31,709)
Change in plan assets:
Fair value of plan assets – January 1, 2023
$34,992 $26,999 $— $1,508 $1,143 $64,642 
Actual return on plan assets
403 1,629 — 335 (21)2,346 
Employer contributions
1,216 — — — 115 1,331 
Benefits paid
(1,486)(1,263)— (103)— (2,852)
Effect of settlement
(35,125)— — — — (35,125)
Plan participants’ contributions
— — — 47 — 47 
Foreign currency translation (loss) gain
— — — (154)77 (77)
Fair value of plan assets – end of year
— 27,365 — 1,633 1,314 30,312 
Funded status
$— $227 $(503)$74 $(1,195)$(1,397)
Amounts recognized on the consolidated balance sheet as of December 31, 2023:
Pension and post-retirement asset (liability)
$— $227 $(503)$74 $(1,195)$(1,397)
Accumulated other comprehensive loss (income)
3,699 (267)(68)93 (142)$3,315 
Amounts in accumulated other comprehensive loss (income) consist of:
Net loss (gain)
$3,699 $(267)$(68)$93 $(142)$3,315 
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Net loss (gain)
$1,880 $199 $(8)$121 $(130)$2,062 
Amortization of net (gain) loss
(646)77 2 — (14)(581)
Amount recognized due to settlement
(2,152)— — — — (2,152)
Foreign currency translation gain
— — — (35)— (35)
Effect of tax
3,005 — — — — 3,005 
Total recognized in other comprehensive loss (income)
$2,087 $276 $(6)$86 $(144)$2,299 
Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation
N/AN/A$503 $1,559 $2,509 $4,571 
Accumulated benefit obligation
N/AN/A$504 $1,412 $2,215 $4,131 
Fair value of plan assets
N/AN/A$— $1,633 $1,312 $2,945 
Schedule of Net Periodic Benefit Costs
The components of net period benefit cost for the years ended December 31, 2024, 2023 and 2022 are as follows:
December 31, 2024
Americold Retirement
Income Plan (ARIP)		National
Service-Related Pension Plan (NSRPP)		Other
Post-Retirement Benefits (OPRB)		SuperannuationAustria PlansTotal
Components of net periodic benefit cost:
(In thousands)
Service cost
$— $— $— $44 $74 $118 
Interest cost
— 1,262 20 74 70 1,426 
Expected return on plan assets
— (1,214)— (117)— (1,331)
Amortization of net (gain) loss
— (60)(5)— 21 (44)
Effect of settlement
— (44)(5)— — (49)
Net pension benefit (income) cost
$— $(56)$10 $1 $165 $120 
December 31, 2023
Americold Retirement
Income Plan (ARIP)		National
Service-Related Pension Plan (NSRPP)		Other
Post-Retirement Benefits (OPRB)		SuperannuationAustria PlansTotal
Components of net periodic benefit cost:
(In thousands)
Service cost
$— $— $— $48 $102 150 
Interest cost
1,603 1,322 21 64 84 3,094 
Expected return on plan assets
(1,120)(1,285)— (69)— (2,474)
Amortization of net loss (gain)
646 (77)(2)— 14 581 
Effect of settlement
2,152 — — — — 2,152 
Net pension benefit cost (income)
$3,281 $(40)$19 $43 $200 $3,503 
December 31, 2022
Americold Retirement
Income Plan (ARIP)		National
Service-Related Pension Plan (NSRPP)		Other
Post-Retirement Benefits (OPRB)		SuperannuationAustria PlansTotal
Components of net periodic benefit cost:
(In thousands)
Service cost
$— $— $— $47 $97 144 
Interest cost
1,025 990 11 31 22 2,079 
Expected return on plan assets
(2,702)(2,094)— (77)— (4,873)
Amortization of net loss (gain)
101 117 — — (13)205 
Amortization of prior service cost
— — — 21 — 21 
Effect of settlement
319 — (11)— — 308 
Net pension benefit (income) cost
$(1,257)$(987)$— $22 $106 $(2,116)
Schedule of Assumptions Used
The weighted average assumptions used to determine benefit obligations and net period benefit costs for the years ended December 31, 2024, 2023 and 2022 are as follows:
December 31, 2024
ARIPNSRPPOPRBSuperannuationAustria Plans
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate
 N/A 5.48%4.95%5.30%3.12%
Rate of compensation increase
 N/A  N/A  N/A 3.00%3.00%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate
 N/A 4.82%4.57%5.25%3.41%
Expected return on plan assets
 N/A 5.50% N/A 7.50% N/A
Rate of compensation increase
 N/A  N/A  N/A 3.00% N/A
December 31, 2023
ARIPNSRPPOPRBSuperannuationAustria Plans
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate
N/A4.90%4.57%5.25%3.41%
Rate of compensation increase
N/AN/AN/A3.00%3.00%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate
N/A5.11%4.81%5.40%3.78%
Expected return on plan assets
N/A5.50%N/A5.00%N/A
Rate of compensation increase
N/AN/AN/A2.50%N/A
December 31, 2022
ARIPNSRPPOPRBSuperannuationAustria Plans
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate
5.02%5.11%4.81%5.40%3.78%
Rate of compensation increase
N/AN/AN/A2.50%3.00%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate
2.49%2.77%1.95%2.55%0.94%
Expected return on plan assets
6.50%6.50%N/A5.00%N/A
Rate of compensation increase
N/AN/AN/A2.50%N/A
Schedule of Allocation of Plan Assets
The fair values of the Company’s pension plan assets by category, are as follows:
December 31, 2024
Level 1Level 2Level 3Total
Assets
(In thousands)
U.S. equities:
Large cap
$— $1,800 $— $1,800 
Fixed-income securities:
Money markets
— 124 — 124 
U.S. bonds(1)
22,052 — — 22,052 
Real estate(2)
— 423 — 423 
Common/collective trusts
— 1,663 — 1,663 
Other— — 1,107 1,107 
Total assets
$22,052 $4,010 $1,107 $27,169 
December 31, 2023
Level 1Level 2Level 3Total
Assets
(In thousands)
U.S. equities:
Large cap
$— $1,207 $— $1,207 
Fixed-income securities:
Money markets
— — — — 
U.S. bonds(1)
24,564 — — 24,564 
Real estate(2)
— 1,597 — 1,597 
Common/collective trusts
— 1,621 — 1,621 
Other— — 1,323 1,323 
Total assets
$24,564 $4,425 $1,323 $30,312 
(1)Includes publicly traded funds which primarily hold debt and fixed-income securities.
(2)Includes funds in a separate account held by a regulated investment company that invest primarily in commercial real estate and includes mortgage loans which are backed by the associated properties. The Company can call the investment in these assets with no restrictions.
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future services, as appropriate, are expected to be paid for all plans as of December 31, 2024:
Years Ending December 31:
(In thousands)
2025$2,204 
20262,011 
20272,044 
20281,930 
20292,028 
Thereafter13,542 
Total
$23,759 
Schedule of Multiemployer Plans The table below presents the amounts charged to expense within the Consolidated Statements of Operations for the Company’s contributions to the multi-employer plans for the years ended December 31, 2024, 2023 and 2022.
Pension FundEINZone StatusAmericold Contributions
202420232022
(In thousands)
Central Pension Fund of the International Union of Operating Engineers and Participating Employers(1)
36-6052390Green$64$7$8
Central States SE & SW Areas Health and Welfare Pension Plans(2)(3)
36-6044243Red—39,546
New England Teamsters & Trucking Industry Pension Plan(4)
04-6372430Red—592655
Alternative New England Teamsters & Trucking Industry Pension Plan
04-6372430Red230288326
I.U.O.E Stationary Engineers Local 39 Pension Fund(2)
94-6118939Green114138181
United Food & Commercial Workers International Union Industry Pension Fund(5)(6)
51-6055922Green——109
Western Conference of Teamsters Pension Fund(2)(3)
91-6145047Green2,8132,8667,586
Minneapolis Food Distributing Industry Pension Plan(2)
41-6047047Green154175136
WWEC Local 863 Pension Fund26-3541447Yellow383,1272,389
Total Contributions(7)
$3,413$7,196$20,936
(1)The status information is for the plan’s year end at January 31, 2024 and 2023.
(2)The status information is for the plans’ year end at December 31, 2024 and 2023.
(3)A portion of the Company’s participation in this plan related to Third-party managed sites that the Company no longer manages as of December 31, 2022.
(4)The status information is for the plan’s year end at September 30, 2024 and 2023. The Company withdrew from the multi-employer plan on October 31, 2017. The related liability of $6.0 million as of December 31, 2024 is reflected in “Other liabilities” on the accompanying Consolidated Balance Sheets and will be repaid over the next 23 years.
(5)The status information is for the plan’s year end at June 30, 2024 and 2023.
(6)As of December 31, 2022, the Company no longer participates in this fund as the Company no longer manages the related Third-party managed sites.
(7)Approximately 70% of total contributions made during each of the year ended December 31, 2022, related to Third-party managed sites that the Company has ceased operating agreements for as of December 31, 2022, and for which it received reimbursement of these costs. As a result of ceasing the operating agreements, the Company will no longer be required to contribute to these Funds related to the former Third-party managed operations
v3.25.0.1
Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss The activity in AOCI for the years ended December 31, 2024, 2023 and 2022 is as follows:
Years Ended December 31,

202420232022
(In thousands)
Opening balance - accumulated other comprehensive (loss) income$(16,640)$(6,050)$4,522 
Pension and other postretirement benefits:
Balance at beginning of period, net of tax$383 $2,682 $5,058 
Gain (loss) arising during period515 (2,299)(2,397)
Amortization of prior service cost— — 21 
Net gain (loss) on pension and other postretirement benefit515 (2,299)(2,376)
Balance at end of period, net of tax$898 $383 $2,682 
Foreign currency translation adjustments:
Balance at beginning of period, net of tax$(31,587)$(26,650)$(3,136)
Cumulative translation adjustment(71,343)26,956 (90,482)
Removal of hedge designation(10,410)— — 
Derecognition of cumulative foreign currency translation upon deconsolidation of entity contributed to a joint venture— — 4,970 
Non-derivative net investment hedges67,312 (31,893)61,998 
Net loss on foreign currency translation(14,441)(4,937)(23,514)
Balance at end of period, net of tax$(46,028)$(31,587)$(26,650)
Designated derivatives:
Balance at beginning of period, net of tax$14,564 $17,918 $2,600 
Cash flow hedge derivatives27,765 8,532 21,505 
Net amount reclassified from AOCI to net loss(24,478)(11,886)(6,187)
Net gain (loss) on designated derivatives3,287 (3,354)15,318 
Balance at end of period, net of tax$17,851 $14,564 $17,918 
Closing balance - accumulated other comprehensive loss$(27,279)$(16,640)$(6,050)
v3.25.0.1
Geographic Concentrations (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Revenue and Assets by Geographic Concentrations
The following table provides total and long-lived assets by geography as of December 31, 2024 and 2023:
Long-Lived AssetsTotal Assets
December 31, 2024December 31, 2023December 31, 2024December 31, 2023
(In thousands)
North America
$4,560,688 $5,213,729 $6,408,763 $6,369,346 
Europe580,737 684,201 811,717 926,920 
Asia-Pacific
344,835 418,602 484,090 533,581 
South America
25,611 35,963 31,384 39,405 
Total
$5,511,871 $6,352,495 $7,735,954 $7,869,252 
v3.25.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table presents segment revenues, significant segment expenses and segment contribution with a reconciliation to Loss from continuing operations before income taxes for the years ended December 31, 2024, 2023 and 2022:
Years Ended December 31,
202420232022
(In thousands)
Segment revenues:
Warehouse$2,416,743 $2,391,089 $2,302,971 
Transportation209,129 239,670 313,358 
Third-party managed40,669 42,570 298,406 
Total revenues2,666,541 2,673,329 2,914,735 
Significant Segment Expenses:
Warehouse:
Power147,453 147,750 155,661 
Other facilities costs256,910 247,743 231,944 
Labor998,543 1,023,806 1,006,862 
Other services costs212,124 249,187 272,272 
Total Warehouse Cost of Operations
1,615,030 1,668,486 1,666,739 
Transportation services cost of operations172,606 197,630 265,956 
Third-party managed services cost of operations32,178 36,641 286,077 
Total segment expenses
$1,819,814 $1,902,757 $2,218,772 
Segment contribution:
Warehouse801,713 722,603 636,232 
Transportation36,523 42,040 47,402 
Third-party managed8,491 5,929 12,329 
Total segment contribution846,727 770,572 695,963 
Depreciation and amortization(360,817)(353,743)(331,446)
Selling, general, and administrative(255,118)(226,786)(231,067)
Acquisition, cyber incident, and other, net(77,169)(64,087)(32,511)
Impairment of indefinite and long-lived assets(33,126)(236,515)(7,380)
Net gain (loss) from real estate3,514 2,254 (5,689)
Interest expense(135,323)(140,107)(116,127)
Loss on debt extinguishment, modifications and termination of derivative instruments(116,082)(2,482)(3,217)
Loss from investments in partially owned entities(3,702)(1,442)(918)
Impairment of related party loan receivable— (21,972)— 
Loss on put option— (56,576)— 
Other, net27,919 2,795 2,464 
Loss from continuing operations before income taxes$(103,177)$(328,089)$(29,928)
v3.25.0.1
Loss per Common Share (Tables)
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Weighted Average Number of Common Shares Outstanding
A reconciliation of the basic and diluted weighted-average common stock outstanding for the years ended December 31, 2024, 2023 and 2022 is as follows:
Years Ended December 31,
202420232022
(In thousands)
Weighted-average common stock outstanding – basic
284,782 275,773 269,565 
Weighted average common stock outstanding – diluted
284,782 275,773 269,565 
Schedule of Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share
The table below presents the number of antidilutive potential common shares that are not considered in the calculation of diluted loss per share:
Years Ended December 31,
202420232022
(In thousands)
Employee stock options54 83 163 
Restricted stock units488 406 1,549 
Operating Partnership units
238 254 769 
Total
780 743 2,481 
v3.25.0.1
Revenue from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following tables represent a disaggregation of revenues from contracts with customers for the years ended December 31, 2024, 2023 and 2022 by segment and geographic region:
December 31, 2024
North AmericaEuropeAsia-PacificSouth AmericaTotal
(In thousands)
Warehouse rent and storage
$840,571 $73,719 $75,037 $8,380 $997,707 
Warehouse services
1,104,680 102,731 144,118 5,706 1,357,235 
Transportation
108,015 59,122 39,169 2,823 209,129 
Third-party managed
16,138 — 24,531 — 40,669 
Total revenues (1)
2,069,404 235,572 282,855 16,909 2,604,740 
Lease revenues (2)
54,107 5,320 2,374 — 61,801 
Total revenues
$2,123,511 $240,892 $285,229 $16,909 $2,666,541 
December 31, 2023
North AmericaEuropeAsia-PacificSouth AmericaTotal
(In thousands)
Warehouse rent and storage
$889,285 $81,176 $71,438 $7,758 $1,049,657 
Warehouse services
1,046,910 100,966 136,496 4,975 1,289,347 
Transportation
125,755 76,631 34,718 2,566 239,670 
Third-party managed
19,837 — 22,733 — 42,570 
Total revenues (1)
2,081,787 258,773 265,385 15,299 2,621,244 
Lease revenues (2)
43,672 5,850 2,563 — 52,085 
Total revenues
$2,125,459 $264,623 $267,948 $15,299 $2,673,329 
December 31, 2022
North AmericaEuropeAsia-PacificSouth AmericaTotal
(In thousands)
Warehouse rent and storage
$800,763 $77,017 $67,622 $9,587 $954,989 
Warehouse services
1,038,145 118,152 141,557 5,729 1,303,583 
Transportation
154,669 125,055 31,551 2,083 313,358 
Third-party managed
277,010 — 21,396 — 298,406 
Total revenues (1)
2,270,587 320,224 262,126 17,399 2,870,336 
Lease revenues (2)
38,909 5,490 — — 44,399 
Total revenues
$2,309,496 $325,714 $262,126 $17,399 $2,914,735 
(1)Revenues are within the scope of ASC 606: Revenue From Contracts With Customers. Elements of contracts or arrangements that are in the scope of other standards (e.g., leases) are separated and accounted for under those standards.
(2)Revenues are within the scope of ASC 842: Leases.
v3.25.0.1
Description of the Business (Details)
$ / shares in Units, $ in Thousands, ft³ in Billions
 1 Months Ended 12 Months Ended
Nov. 27, 2023
USD ($)
Aug. 31, 2023
USD ($)
shares
Dec. 31, 2024
USD ($)
warehouse
Business
facility
$ / shares
shares
ft³
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
Sep. 12, 2024
USD ($)
Nov. 09, 2023
shares
Mar. 17, 2023
USD ($)
$ / shares
Feb. 28, 2023
USD ($)
May 25, 2022
shares
Mar. 22, 2021
$ / shares
shares
Mar. 21, 2021
shares
Subsidiary, Sale of Stock [Line Items]                        
Warehouse volume | ft³     1.4                  
Noncontrolling interest in joint ventures, number of entities | Business     2                  
Common shares, par value (in USD per share) | $ / shares     $ 0.01 $ 0.01       $ 0.01     $ 0.01  
Common shares, shares authorized (in shares) | shares     500,000,000 500,000,000             500,000,000 325,000,000
Preferred shares, shares authorized (in shares) | shares     25,000,000 25,000,000                
Preferred shares, par value (in USD per share) | $ / shares     $ 0.01 $ 0.01       $ 0.01        
Preferred shares, issued (in shares) | shares     0 0                
Preferred shares, outstanding (in shares) | shares     0 0                
Number of common shares issuable per preferred share converted (in shares) | shares                   1    
Net proceeds from issuance of common stock   $ 412,600   $ 412,610                
Total principal amount of indebtedness     $ 3,300,396 3,003,856                
Cash annuity payment $ 1,300                      
Pension plan termination charges     0 2,461 $ 0              
Unrealized net gain (loss) on foreign currency     $ 14,441 4,937 23,514              
Number of facility purchased | facility     11                  
Payments to acquire buildings     $ 191,000                  
Gain on extinguishment of new market tax credit structure     115,100                  
Public Senior Unsecured Five Point Four Zero Nine Percent Coupon Notes | Senior Notes                        
Subsidiary, Sale of Stock [Line Items]                        
Total principal amount of indebtedness           $ 500,000            
Contractual Interest Rate           5.409%            
Interest expense                        
Subsidiary, Sale of Stock [Line Items]                        
Unrealized net gain (loss) on foreign currency     (8,800) 400 $ 1,000              
Costs incurred to develop software for internal use and purchased software                        
Subsidiary, Sale of Stock [Line Items]                        
Implementation cost                 $ 161,400      
Deferred costs     $ 80,500 $ 43,900                
Costs incurred to develop software for internal use and purchased software | Minimum                        
Subsidiary, Sale of Stock [Line Items]                        
Property, plant, equipment, and leasehold improvements useful lives     3 years                  
Costs incurred to develop software for internal use and purchased software | Maximum                        
Subsidiary, Sale of Stock [Line Items]                        
Property, plant, equipment, and leasehold improvements useful lives     5 years                  
Other Capitalized Property Plant and Equipment                        
Subsidiary, Sale of Stock [Line Items]                        
Amortization expense     $ 4,200                  
Common Stock                        
Subsidiary, Sale of Stock [Line Items]                        
Other (in shares) | shares   13,244,905   13,244,905                
Net proceeds from issuance of common stock       $ 132                
2023 ATM Equity Program                        
Subsidiary, Sale of Stock [Line Items]                        
Common shares, shares authorized (in shares) | shares             900,000,000          
Common stock, shares authorized, value               $ 900,000        
Americold Realty Operating Partnership, L.P.. | General Partner                        
Subsidiary, Sale of Stock [Line Items]                        
Ownership of partnership     99.00%                  
Americold Realty Operating Partnership, L.P.. | Limited Partner                        
Subsidiary, Sale of Stock [Line Items]                        
Ownership of partnership     1.00%                  
Americold Realty Operating Partnership, L.P.. | Other limited partners                        
Subsidiary, Sale of Stock [Line Items]                        
Ownership of partnership     0.10%                  
Investment in SuperFrio                        
Subsidiary, Sale of Stock [Line Items]                        
Noncontrolling interest in joint ventures, number of entities | Business     1                  
Investment in RSA                        
Subsidiary, Sale of Stock [Line Items]                        
Noncontrolling interest in joint ventures, number of entities | Business     1                  
North America                        
Subsidiary, Sale of Stock [Line Items]                        
Number of warehouses | warehouse     195                  
Europe                        
Subsidiary, Sale of Stock [Line Items]                        
Number of warehouses | warehouse     25                  
Asia Pacific                        
Subsidiary, Sale of Stock [Line Items]                        
Number of warehouses | warehouse     17                  
South America                        
Subsidiary, Sale of Stock [Line Items]                        
Number of warehouses | warehouse     2                  
Brazil | Investment in SuperFrio                        
Subsidiary, Sale of Stock [Line Items]                        
Number of warehouses | warehouse     34                  
United Arab Emirates                        
Subsidiary, Sale of Stock [Line Items]                        
Number of warehouses | warehouse     2                  
Collective-Bargaining Arrangements                        
Subsidiary, Sale of Stock [Line Items]                        
Number of warehouses | warehouse     239                  
v3.25.0.1
Summary of Significant Accounting Policies - Narrative (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Depreciation $ 324,400,000 $ 316,800,000 $ 295,700,000
Loss on sale of non-real estate assets (100,000) (4,000,000.0) (3,600,000)
Net (gain) loss from sale of real estate (3,514,000) (2,254,000) 5,689,000
Impairment of indefinite and long-lived assets 33,126,000 236,515,000 7,380,000
Impairment of intangible assets 33,126,000 236,515,000 7,380,000
Amortization of finite-lived intangible assets 3,800,000    
Goodwill impairment loss   236,515,000 3,200,000
Gain on extinguishment of new market tax credit structure 115,100,000    
Trade name      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Impairment of intangible assets 0 0 0
Variable Interest Entity, Primary Beneficiary      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Gain on extinguishment of new market tax credit structure     $ (3,400,000)
Compliance period during which the tax credits were recognized     7 years
Customer relationships      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Impairment of indefinite and long-lived assets 21,000,000.0   $ 4,200,000
Amortization of finite-lived intangible assets 36,400,000 36,900,000 35,700,000
Impairment of finite-lived intangible assets $ 12,100,000 $ 0 $ 0
Minimum | Customer relationships      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Useful lives of finite-lived intangible assets 18 years    
Minimum | Building and improvements      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Property, plant, equipment, and leasehold improvements useful lives 40 years    
Minimum | Building and land improvements      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Property, plant, equipment, and leasehold improvements useful lives 5 years    
Minimum | Machinery and equipment      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Property, plant, equipment, and leasehold improvements useful lives 3 years    
Maximum | Customer relationships      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Useful lives of finite-lived intangible assets 40 years    
Maximum | Building and improvements      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Property, plant, equipment, and leasehold improvements useful lives 43 years    
Maximum | Building and land improvements      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Property, plant, equipment, and leasehold improvements useful lives 20 years    
Maximum | Machinery and equipment      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Property, plant, equipment, and leasehold improvements useful lives 15 years    
v3.25.0.1
Summary of Significant Accounting Policies - Schedule of Activity of Allowance for Doubtful Accounts (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]    
Balance at beginning of year $ 21,647 $ 15,951
Change in reserve due to the provision 7,633 6,422
Change in reserve due to the interest adjustment 1,771 6,296
Amounts written off, net of recoveries (6,625) (7,022)
Balance at end of year $ 24,426 $ 21,647
v3.25.0.1
Summary of Significant Accounting Policies - Schedule of Distribution (Details)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Accounting Policies [Abstract]      
Ordinary income 70.00% 66.00% 41.00%
Capital gains 0.00% 0.00% 0.00%
Return of capital 30.00% 34.00% 59.00%
Total 100.00% 100.00% 100.00%
v3.25.0.1
Business Combinations, Asset Acquisitions and Discontinued Operations - Narrative (Details)
$ in Thousands, $ in Millions
 1 Months Ended 12 Months Ended 48 Months Ended
Oct. 05, 2023
USD ($)
facility
Jul. 07, 2023
USD ($)
Jul. 07, 2023
AUD ($)
Jul. 01, 2022
USD ($)
Jul. 01, 2022
AUD ($)
Apr. 30, 2023
party
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2020
USD ($)
shareholder
Dec. 31, 2023
USD ($)
Mar. 31, 2023
USD ($)
Business Acquisition [Line Items]                        
Aggregate cash consideration             $ 0 $ 46,653 $ 15,829      
Loss on put option             0 56,576 0      
Goodwill             $ 784,042 $ 794,004 1,033,637   $ 794,004  
Agrofundo Brazil II Fundode Investimento em Participacoes                        
Business Acquisition [Line Items]                        
Equity interest rate               22.00%   22.00% 22.00%  
Equity method investments, number of minority shareholders | shareholder                   2    
Loss on put option                   $ 56,600    
Agrofundo Brazil II Fundode Investimento em Participacoes | General Partner And Two Minority Shareholders                        
Business Acquisition [Line Items]                        
Equity interest rate                   78.00%    
Safeway                        
Business Acquisition [Line Items]                        
Aggregate cash consideration $ 24,000                      
Number of facilities acquired | facility 15                      
Land $ 4,400                      
Buildings and improvements 13,000                      
Machinery and equipment 5,200                      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents 1,000                      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables 700                      
Other assets $ 500                      
Ormeau Cold Store                        
Business Acquisition [Line Items]                        
Aggregate cash consideration   $ 23,500 $ 35.1                  
Land   3,600                    
Buildings and improvements   15,000                    
Machinery and equipment   $ 5,000                    
Agro Acquisition                        
Business Acquisition [Line Items]                        
Number of parties received regulatory approval | party           2            
Consideration               $ 46,700     $ 56,600  
Business combination, recognized identifiable assets acquired and liabilities assumed, liabilities               87,000     87,000  
Total investment assets acquired and liabilities assumed, assets               $ 87,000     $ 87,000  
Comfrio JV                        
Business Acquisition [Line Items]                        
Revolver borrowing capacity                 $ 25,000     $ 15,000
Contractual Interest Rate                 10.00%      
De Bruyn Cold Storage                        
Business Acquisition [Line Items]                        
Aggregate cash consideration       $ 16,000 $ 23.5              
Land       1,000                
Buildings and improvements       8,200                
Machinery and equipment       3,700                
Goodwill       $ 3,100                
v3.25.0.1
Business Combinations, Asset Acquisitions and Discontinued Operations - Components of Net Gain (Losses) from Discontinued Operations (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Gain from sale of Comfrio $ 0 $ 4,616 $ 0
Loss from discontinued operations, net of tax 0 (10,453) (8,382)
Agrofundo Brazil II Fundode Investimento em Participacoes | Discontinued Operations, Held-for-Sale      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Revenues   29,471 0
Operating expenses   32,088 0
Estimated costs of disposal   4,616 0
Loss from partial investment pre-acquisition   4,111 8,382
Gain from sale of Comfrio   (1,082) 0
Pre-tax loss   (10,262) (8,382)
Income tax expense   (191) 0
Loss from discontinued operations, net of tax $ 0 $ (10,453) $ (8,382)
v3.25.0.1
Investments in and Advances to Partially Owned Entities - Schedule of Investments in and Advances to Partially Owned (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]      
Equity method investments $ 17,754 $ 5,763  
Investments in and advances to partially owned entities $ 40,252 38,113  
Investment in SuperFrio      
Schedule of Equity Method Investments [Line Items]      
% Ownership 14.99%    
Equity method investments $ 22,498 32,350 $ 25,700
Investment in RSA      
Schedule of Equity Method Investments [Line Items]      
% Ownership 49.00%    
Equity method investments $ 5,296 4,073  
Advances to RSA, including accrued interest $ 12,458 $ 1,690  
v3.25.0.1
Investments in and Advances to Partially Owned Entities - Narrative (Details)
R$ in Thousands
 12 Months Ended
May 30, 2023
USD ($)
Feb. 28, 2023
USD ($)
May 31, 2022
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2021
BRL (R$)
Dec. 31, 2020
BRL (R$)
Apr. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Dec. 31, 2020
USD ($)
Schedule of Equity Method Investments [Line Items]                        
Cash investments in joint venture       $ 13,049,000 $ 20,533,000 $ 14,427,000            
Equity method investments       17,754,000 5,763,000              
Equity method investment, realized gain on disposal       0 0 (4,148,000)            
Bridge Loan Agreement With RSA Joint Venture, Phase 2 | Bridge Loan                        
Schedule of Equity Method Investments [Line Items]                        
Bridge loan                   $ 34,900,000 $ 7,400,000  
Bridge Loan | Bridge Loan                        
Schedule of Equity Method Investments [Line Items]                        
Bridge loan       $ 12,500,000 1,700,000              
Investment in SuperFrio                        
Schedule of Equity Method Investments [Line Items]                        
Equity interest rate       14.99%                
Cash investments in joint venture       $ 0 0 $ 0 $ 7,600,000 R$ 40,700 R$ 117,800      
Equity method investments       22,498,000 32,350,000             $ 25,700,000
Initial contribution       $ 0                
Investment in RSA                        
Schedule of Equity Method Investments [Line Items]                        
Equity interest rate       49.00%                
Cash investments in joint venture   $ 4,000,000.0                    
Equity method investments       $ 5,296,000 $ 4,073,000              
Additional contribution       $ 1,600,000                
Investment in RSA | RSA                        
Schedule of Equity Method Investments [Line Items]                        
Equity interest rate   51.00%                    
Agrofundo Brazil II Fundode Investimento em Participacoes                        
Schedule of Equity Method Investments [Line Items]                        
Equity interest rate         22.00%             22.00%
Americold LATAM Holdings Ltd                        
Schedule of Equity Method Investments [Line Items]                        
Equity interest rate     85.00%                  
Cash investments in joint venture     $ 209,000,000.0                  
Income (loss) and other than temporary impairment from equity method investments     4,100,000                  
Estimated fair value     $ 37,000,000.0                  
Americold LATAM Holdings Ltd | Cold Latam Limited                        
Schedule of Equity Method Investments [Line Items]                        
Equity interest rate     15.00%                  
Americold LATAM Holdings Ltd | Cold Latam Limited | Discontinued Operations, Held-for-Sale                        
Schedule of Equity Method Investments [Line Items]                        
Proceeds from sale of equity method investments $ 36,900,000                      
Equity method investment, realized gain on disposal $ 300,000                      
v3.25.0.1
Goodwill and Intangible Assets - Schedule of Changes in Goodwill (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Goodwill [Roll Forward]      
Beginning balance $ 794,004 $ 1,033,637  
Purchase price allocation adjustments   (4,348)  
Goodwill impairment   (236,515) $ (3,200)
Impact of foreign currency translation (9,962) 1,230  
Ending balance 784,042 794,004 1,033,637
Warehouse | Operating Segments      
Goodwill [Roll Forward]      
Beginning balance 749,653 989,286  
Purchase price allocation adjustments   (4,348)  
Goodwill impairment   (236,515)  
Impact of foreign currency translation (9,962) 1,230  
Ending balance 739,691 749,653 989,286
Transportation | Operating Segments      
Goodwill [Roll Forward]      
Beginning balance 44,351 44,351  
Purchase price allocation adjustments   0  
Goodwill impairment   0  
Impact of foreign currency translation 0 0  
Ending balance $ 44,351 $ 44,351 $ 44,351
v3.25.0.1
Goodwill and Intangible Assets - Schedule of Intangible Assets Subject to Amortization (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount $ 1,013,594 $ 1,044,061
Accumulated Amortization (174,934) (146,647)
Net Carrying Amount 838,660 897,414
Customer relationships    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 996,419 1,023,107
Accumulated Amortization (173,032) (141,078)
Net Carrying Amount 823,387 882,029
In-place lease and assembled workforce    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 475 4,254
Accumulated Amortization (279) (3,946)
Net Carrying Amount 196 308
Trade name    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 16,700 16,700
Accumulated Amortization (1,623) (1,623)
Net Carrying Amount $ 15,077 $ 15,077
v3.25.0.1
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]      
Impairment Of Intangible Asset Finite Lived Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag impairment charge    
Amortization of finite-lived intangible assets $ 3,800,000    
Estimated amortization for each of the next five years      
2025 36,000,000    
2026 36,000,000    
2027 36,000,000    
2028 36,000,000    
2029 36,000,000    
Thereafter 643,600,000    
Customer relationships      
Finite-Lived Intangible Assets [Line Items]      
Impairment of finite-lived intangible assets 12,100,000 $ 0 $ 0
Amortization of finite-lived intangible assets $ 36,400,000 $ 36,900,000 $ 35,700,000
Estimated amortization for each of the next five years      
Remaining useful life (in years) 25 years    
Assembled Workforce      
Estimated amortization for each of the next five years      
Remaining useful life (in years) 1 year 9 months 18 days    
v3.25.0.1
Other Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Other Assets [Abstract]    
Capitalized costs related to Project Orion, net of accumulated amortization $ 80,487 $ 43,948
Prepaid accounts 44,402 40,942
Fair value of derivatives 29,868 15,480
Reimbursement receivable 24,609 23,483
Value added tax receivable 19,063 17,339
Inventory and supplies 7,427 7,236
Other 85,374 45,650
Total other assets $ 291,230 $ 194,078
v3.25.0.1
Accounts Payable and Accrued Expenses (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Payables and Accruals [Abstract]    
Trade payables $ 221,641 $ 201,094
Accrued payroll and employee benefits 90,513 107,663
Dividends payable 64,032 63,564
Accrued warehouse expenses 42,032 43,702
Accrued interest 36,222 28,399
Accrued workers' compensation expenses 35,944 33,030
Value added tax payable 18,947 16,772
Other accrued expenses 94,080 74,540
Accounts payable and accrued expenses $ 603,411 $ 568,764
v3.25.0.1
Acquisition, Cyber Incident and Other, Net - Components of Charges (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Acquisition, Litigation and Other Special Charges [Abstract]      
Project Orion expenses $ 58,187 $ 13,929 $ 3,945
Severance costs 11,710 11,668 6,530
Acquisition and integration related costs 9,833 5,094 20,073
Other, net 2,649 2,058 19
Cyber incident related costs, net of insurance recoveries (5,210) 28,877 (2,210)
Pension plan termination charges 0 2,461 0
Terminated site operations costs 0 0 4,154
Total acquisition, cyber incident, and other, net 77,169 64,087 $ 32,511
Settlement loss $ 2,127 $ 35,125  
v3.25.0.1
Debt - Summary of Our Outstanding Indebtedness (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Debt Instrument [Line Items]    
Total principal amount of indebtedness $ 3,300,396 $ 3,003,856
Mortgages, Senior Notes and Term Loans    
Debt Instrument [Line Items]    
Total principal amount of indebtedness 3,300,396  
Less: unamortized deferred financing costs (13,882) (10,578)
Total indebtedness, net of deferred financing costs 3,286,514 2,993,278
Senior Unsecured Notes | Senior Notes    
Debt Instrument [Line Items]    
Total principal amount of indebtedness 2,226,524 1,777,925
Senior Unsecured Term Loans | Term Loans    
Debt Instrument [Line Items]    
Total principal amount of indebtedness 818,820 833,775
Senior Unsecured Revolving Credit Facility | Credit Facility    
Debt Instrument [Line Items]    
Total principal amount of indebtedness $ 255,052 $ 392,156
v3.25.0.1
Debt - Schedule of Senior Unsecured Notes (Details)
€ in Thousands
Dec. 31, 2024
USD ($)
Dec. 31, 2024
EUR (€)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
EUR (€)
Aug. 23, 2022
USD ($)
Debt Instrument [Line Items]          
Borrowing Currency         $ 575,000,000
Total principal amount of indebtedness $ 3,300,396,000   $ 3,003,856,000    
Senior Unsecured Notes | Senior Notes          
Debt Instrument [Line Items]          
Total principal amount of indebtedness $ 2,226,524,000   1,777,925,000    
Private Series A Notes | Senior Notes          
Debt Instrument [Line Items]          
Contractual Interest Rate 4.68% 4.68%      
Borrowing Currency $ 200,000,000   200,000,000    
Total principal amount of indebtedness $ 200,000,000   200,000,000    
Private Series B Notes | Senior Notes          
Debt Instrument [Line Items]          
Contractual Interest Rate 4.86% 4.86%      
Borrowing Currency $ 400,000,000   400,000,000    
Total principal amount of indebtedness $ 400,000,000   400,000,000    
Private Series C Notes | Senior Notes          
Debt Instrument [Line Items]          
Contractual Interest Rate 4.10% 4.10%      
Borrowing Currency $ 350,000,000   350,000,000    
Total principal amount of indebtedness $ 350,000,000   350,000,000    
Private Series D Notes | Senior Notes          
Debt Instrument [Line Items]          
Contractual Interest Rate 1.62% 1.62%      
Borrowing Currency   € 400,000 400,000,000    
Total principal amount of indebtedness $ 414,146,000   441,560,000    
Private Series E Notes | Senior Notes          
Debt Instrument [Line Items]          
Contractual Interest Rate 1.65% 1.65%      
Borrowing Currency   € 350,000 350,000,000    
Total principal amount of indebtedness $ 362,378,000   386,365,000    
Public 5.409% Notes | Senior Notes          
Debt Instrument [Line Items]          
Contractual Interest Rate 5.41% 5.41%      
Borrowing Currency | €   € 500,000   € 0  
Total principal amount of indebtedness $ 500,000,000   $ 0    
v3.25.0.1
Debt - Schedule of Senior Unsecured Term Loans (Details)
£ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
extension_option
Dec. 31, 2024
CAD ($)
extension_option
Dec. 31, 2024
GBP (£)
extension_option
Dec. 31, 2024
NZD ($)
extension_option
Dec. 31, 2023
USD ($)
Dec. 31, 2023
CAD ($)
Dec. 31, 2023
GBP (£)
Dec. 31, 2023
NZD ($)
Debt Instrument [Line Items]                
Total principal amount of indebtedness $ 3,300,396       $ 3,003,856      
Revolving Credit Facility                
Debt Instrument [Line Items]                
Total principal amount of indebtedness 255,052       392,156      
Credit Facility | Revolving Credit Facility                
Debt Instrument [Line Items]                
Total principal amount of indebtedness       $ 39,000       $ 44,000
Tranche A-1 | Term Loans                
Debt Instrument [Line Items]                
Total principal amount of indebtedness $ 375,000       $ 375,000      
Basis spread on variable rate 0.10%              
Tranche A-1 | Term Loans | SOFR                
Debt Instrument [Line Items]                
Contractual Interest Rate 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94%
Tranche A-1 | Term Loans | U.S. dollar                
Debt Instrument [Line Items]                
Total principal amount of indebtedness $ 375,000       $ 375,000      
Tranche A-1 | Credit Facility | Revolving Credit Facility                
Debt Instrument [Line Items]                
Number of extensions | extension_option 2 2 2 2        
Term of debt 12 months              
Tranche A-2 | Term Loans                
Debt Instrument [Line Items]                
Total principal amount of indebtedness   $ 250,000       $ 250,000    
Tranche A-2 | Term Loans | CDOR                
Debt Instrument [Line Items]                
Contractual Interest Rate 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94%
Tranche A-2 | Term Loans | Canadian dollar                
Debt Instrument [Line Items]                
Total principal amount of indebtedness $ 173,820       $ 188,775      
Delayed Draw Tranche A-3 | Delayed Draw Facility                
Debt Instrument [Line Items]                
Total principal amount of indebtedness $ 270,000 $ 270,000     $ 270,000 $ 270,000    
Delayed Draw Tranche A-3 | Delayed Draw Facility | SOFR                
Debt Instrument [Line Items]                
Contractual Interest Rate 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94%
Senior Unsecured Term Loans | Term Loans                
Debt Instrument [Line Items]                
Total principal amount of indebtedness $ 818,820       $ 833,775      
2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 2 | Credit Facility | Revolving Credit Facility                
Debt Instrument [Line Items]                
Total principal amount of indebtedness | £     £ 0       £ 78,000  
Basis spread on variable rate 0.30%              
v3.25.0.1
Debt - Schedule of Senior Unsecured Revolving Credit Facility (Details)
€ in Thousands, £ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2024
CAD ($)
Dec. 31, 2024
AUD ($)
Dec. 31, 2024
GBP (£)
Dec. 31, 2024
EUR (€)
Dec. 31, 2024
NZD ($)
Dec. 31, 2023
CAD ($)
Dec. 31, 2023
AUD ($)
Dec. 31, 2023
GBP (£)
Dec. 31, 2023
EUR (€)
Dec. 31, 2023
NZD ($)
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness $ 3,300,396 $ 3,003,856                    
Tranche A-1 | Term Loans                        
Line of Credit Facility [Line Items]                        
Basis spread on variable rate 0.10%                      
Total principal amount of indebtedness $ 375,000 375,000                    
Tranche A-1 | Term Loans | U.S. dollar                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness 375,000 375,000                    
Revolving Credit Facility                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness 255,052 392,156                    
Revolving Credit Facility | Credit Facility                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness             $ 39,000         $ 44,000
Revolving Credit Facility | Credit Facility | New Zealand dollar                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness 21,816 27,804                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 3 | Credit Facility                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness $ 14,000 $ 34,000                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 3 | Credit Facility | SOFR                        
Line of Credit Facility [Line Items]                        
Basis spread on variable rate 0.84% 0.84%                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 3 | Credit Facility | U.S. dollar                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness $ 14,000 $ 34,000                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 4 | Credit Facility                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness       $ 197,000         $ 191,000      
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 4 | Credit Facility | BBSW                        
Line of Credit Facility [Line Items]                        
Basis spread on variable rate 0.84% 0.84%                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 4 | Credit Facility | Australian dollar                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness $ 121,908 $ 130,108                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 2 | Credit Facility                        
Line of Credit Facility [Line Items]                        
Basis spread on variable rate 0.30%                      
Total principal amount of indebtedness | £         £ 0         £ 78,000    
Additional margin adjustment 0.03%                      
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 2 | Credit Facility | SONIA                        
Line of Credit Facility [Line Items]                        
Basis spread on variable rate 0.84% 0.84%                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 2 | Credit Facility | British pound sterling                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness $ 0 $ 99,302                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 1 | Credit Facility                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness     $ 35,000         $ 35,000        
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 1 | Credit Facility | CDOR                        
Line of Credit Facility [Line Items]                        
Basis spread on variable rate 0.84% 0.84%                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 1 | Credit Facility | Canadian dollar                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness $ 24,335 $ 26,429                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 5 | Credit Facility                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness | €           € 70,500         € 67,500  
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 5 | Credit Facility | EURIBOR                        
Line of Credit Facility [Line Items]                        
Basis spread on variable rate 0.84% 0.84%                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 5 | Credit Facility | Euro                        
Line of Credit Facility [Line Items]                        
Total principal amount of indebtedness $ 72,993 $ 74,513                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 6 | Credit Facility | BKBM                        
Line of Credit Facility [Line Items]                        
Basis spread on variable rate 0.84% 0.84%                    
v3.25.0.1
Debt - Senior Unsecured Credit Facility (Details)
€ in Thousands, $ in Thousands, $ in Thousands
 12 Months Ended
Aug. 23, 2022
USD ($)
extension_option
tranche
Dec. 31, 2024
USD ($)
extension_option
Dec. 31, 2022
USD ($)
Dec. 31, 2024
EUR (€)
extension_option
Dec. 31, 2024
CAD ($)
extension_option
Dec. 31, 2024
NZD ($)
extension_option
Sep. 12, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
CAD ($)
Dec. 31, 2023
NZD ($)
Aug. 22, 2022
USD ($)
Debt Instrument [Line Items]                      
Gain on extinguishment of new market tax credit structure   $ 115,100,000                  
Debt instrument, face amount $ 575,000,000                    
Total principal amount of indebtedness   3,300,396,000           $ 3,003,856,000      
Mortgages, Senior Notes and Medium-Term Loan A                      
Debt Instrument [Line Items]                      
Less: unamortized deferred financing costs   2,900,000           4,600,000      
Senior Unsecured Notes and Term Loans                      
Debt Instrument [Line Items]                      
Less: unamortized deferred financing costs   5,000,000           6,000,000      
Tranche A-1 | Term Loans                      
Debt Instrument [Line Items]                      
Total principal amount of indebtedness   375,000,000           375,000,000      
Tranche A-1 | Term Loans | U.S. dollar                      
Debt Instrument [Line Items]                      
Total principal amount of indebtedness   375,000,000           375,000,000      
Tranche A-2 | Term Loans                      
Debt Instrument [Line Items]                      
Total principal amount of indebtedness         $ 250,000       $ 250,000    
Delayed Draw Tranche A-3 | Delayed Draw Facility                      
Debt Instrument [Line Items]                      
Total principal amount of indebtedness   $ 270,000,000     $ 270,000     270,000,000 $ 270,000    
2020 Senior Unsecured Term Loan A Facility and Senior Unsecured Credit Facility | Term Loans and Credit Facility                      
Debt Instrument [Line Items]                      
Maximum leverage ratio   60.00%   60.00% 60.00% 60.00%          
Maximum leverage ratio after material acquisition   65.00%   65.00% 65.00% 65.00%          
Maximum unencumbered leverage ratio   60.00%   60.00% 60.00% 60.00%          
Minimum unencumbered leverage ratio after material acquisition   65.00%   65.00% 65.00% 65.00%          
Maximum secured leverage ratio   40.00%   40.00% 40.00% 40.00%          
Maximum secured leverage ratio after material acquisition   45.00%   45.00% 45.00% 45.00%          
Minimum fixed charge coverage ratio   1.50   1.50 1.50 1.50          
Minimum unsecured interest coverage ratio   1.75   1.75 1.75 1.75          
Material acquisition threshold   5.00%   5.00% 5.00% 5.00%          
Private Series C Notes | Senior Notes                      
Debt Instrument [Line Items]                      
Debt instrument, face amount   $ 350,000,000           350,000,000      
Total principal amount of indebtedness   $ 350,000,000           350,000,000      
Contractual Interest Rate   4.10%   4.10% 4.10% 4.10%          
Private Series A Notes | Senior Notes                      
Debt Instrument [Line Items]                      
Debt instrument, face amount   $ 200,000,000           200,000,000      
Total principal amount of indebtedness   $ 200,000,000           200,000,000      
Contractual Interest Rate   4.68%   4.68% 4.68% 4.68%          
Private Series B Notes | Senior Notes                      
Debt Instrument [Line Items]                      
Debt instrument, face amount   $ 400,000,000           400,000,000      
Total principal amount of indebtedness   $ 400,000,000           400,000,000      
Contractual Interest Rate   4.86%   4.86% 4.86% 4.86%          
Private Series D Notes | Senior Notes                      
Debt Instrument [Line Items]                      
Debt instrument, face amount       € 400,000       400,000,000      
Total principal amount of indebtedness   $ 414,146,000           441,560,000      
Contractual Interest Rate   1.62%   1.62% 1.62% 1.62%          
Private Series E Notes | Senior Notes                      
Debt Instrument [Line Items]                      
Debt instrument, face amount       € 350,000       350,000,000      
Total principal amount of indebtedness   $ 362,378,000           386,365,000      
Contractual Interest Rate   1.65%   1.65% 1.65% 1.65%          
Public Senior Unsecured Five Point Four Zero Nine Percent Coupon Notes | Senior Notes                      
Debt Instrument [Line Items]                      
Total principal amount of indebtedness             $ 500,000,000.0        
Contractual Interest Rate             5.409%        
Public Senior Unsecured Four Percent Coupon Notes | Minimum                      
Debt Instrument [Line Items]                      
Debt instrument, covenant, unsecured indebtedness, percent   150.00%   150.00% 150.00% 150.00%          
Public Senior Unsecured Four Percent Coupon Notes | Senior Notes                      
Debt Instrument [Line Items]                      
Unamortized debt issuance cost   $ 6,100,000                  
Public Senior Unsecured Four Percent Coupon Notes | Senior Notes | Minimum                      
Debt Instrument [Line Items]                      
Debt instrument, covenant, secured indebtedness   40.00%   40.00% 40.00% 40.00%          
Debt instrument, covenant, unsecured indebtedness, percent   60.00%   60.00% 60.00% 60.00%          
Debt instrument, covenant, interest coverage ratio   100.00%   100.00% 100.00% 100.00%          
Public Senior Unsecured Four Percent Coupon Notes | Senior Notes | Maximum                      
Debt Instrument [Line Items]                      
Debt instrument, covenant, secured indebtedness   100.00%   100.00% 100.00% 100.00%          
Debt instrument, covenant, unsecured indebtedness, percent   100.00%   100.00% 100.00% 100.00%          
Debt instrument, covenant, interest coverage ratio   150.00%   150.00% 150.00% 150.00%          
Public Senior Unsecured Four Percent Coupon Notes | Senior Unsecured Notes and Term Loans                      
Debt Instrument [Line Items]                      
Less: unamortized deferred financing costs   $ 6,000,000.0                  
Series A, B, C, D, and E Senior Notes                      
Debt Instrument [Line Items]                      
Principal early repayment, percentage   5.00%                  
Discount rate, percentage   0.50%                  
Repayment percentage of principal amount   100.00%                  
Series A, B, C, D, and E Senior Notes | Senior Notes                      
Debt Instrument [Line Items]                      
Maximum leverage ratio   60.00%   60.00% 60.00% 60.00%          
Minimum fixed charge coverage ratio   1.00   1.00 1.00 1.00          
Debt instrument, covenant, fixed charge coverage ratio, maximum   150.00%   150.00% 150.00% 150.00%          
Debt instrument, covenant, unsecured debt sercive ratio, maximum   200.00%   200.00% 200.00% 200.00%          
Debt instrument, covenant, unsecured debt sercive ratio, minimum   100.00%   100.00% 100.00% 100.00%          
Series A, B, C, D, and E Senior Notes | Senior Notes | Minimum                      
Debt Instrument [Line Items]                      
Debt instrument, covenant, unsecured indebtedness   60.00%   60.00% 60.00% 60.00%          
Debt instrument, covenant, secured indebtedness   40.00%   40.00% 40.00% 40.00%          
Series A, B, C, D, and E Senior Notes | Senior Notes | Maximum                      
Debt Instrument [Line Items]                      
Debt instrument, covenant, unsecured indebtedness   100.00%   100.00% 100.00% 100.00%          
Debt instrument, covenant, secured indebtedness   100.00%   100.00% 100.00% 100.00%          
Revolving Credit Facility                      
Debt Instrument [Line Items]                      
Total principal amount of indebtedness   $ 255,052,000           392,156,000      
Revolving Credit Facility | Credit Facility                      
Debt Instrument [Line Items]                      
Total principal amount of indebtedness           $ 39,000       $ 44,000  
Letter of credit amount outstanding   $ 39,200,000           39,200,000      
Revolving Credit Facility | Twenty Twenty Two Senior Unsecured Revolving Credit Facilities | Credit Facility                      
Debt Instrument [Line Items]                      
Revolver borrowing capacity 2,000,000,000                   $ 1,500,000,000
Debt instrument, face amount $ 575,000,000                    
Number of extensions | extension_option 2 2   2 2 2          
Term of debt 6 months 6 months                  
Less: unamortized deferred financing costs   $ 4,000,000           6,400,000      
Letter of credit amount outstanding   $ 20,800,000           $ 20,800,000      
Revolving Credit Facility | Twenty Twenty Two Senior Unsecured Term Loan A                      
Debt Instrument [Line Items]                      
Number of tranches | tranche 3                    
Revolving Credit Facility | Twenty Twenty Two Senior Unsecured Term Loan A | Tranche A-1                      
Debt Instrument [Line Items]                      
Number of extensions | extension_option 2                    
Term of debt 12 months                    
Revolving Credit Facility | Tranche A-1 | Credit Facility                      
Debt Instrument [Line Items]                      
Number of extensions | extension_option   2   2 2 2          
Term of debt   12 months                  
Revolving Credit Facility | Delayed Draw Facility | Tranche A-1                      
Debt Instrument [Line Items]                      
Number of extensions | extension_option 0                    
Revolving Credit Facility | 2018 Unsecured Revolving Credit Facilities | Credit Facility                      
Debt Instrument [Line Items]                      
Gain on extinguishment of new market tax credit structure     $ 600,000                
v3.25.0.1
Debt - Schedule of Aggregate Maturities of Total Indebtedness (Details)
$ in Thousands, $ in Thousands
 12 Months Ended
Aug. 23, 2022
extension_option
Dec. 31, 2024
USD ($)
extension_option
Dec. 31, 2024
NZD ($)
extension_option
Dec. 31, 2023
USD ($)
Dec. 31, 2023
NZD ($)
Debt Instrument [Line Items]          
Total principal amount of indebtedness   $ 3,300,396   $ 3,003,856  
Revolving Credit Facility          
Debt Instrument [Line Items]          
Total principal amount of indebtedness   255,052   392,156  
Mortgages, Senior Notes and Term Loans          
Debt Instrument [Line Items]          
2025   375,000      
2026   455,052      
2027   0      
2028   443,820      
2029   400,000      
Thereafter   1,626,524      
Total principal amount of indebtedness   3,300,396      
Less: unamortized deferred financing costs   (13,882)   (10,578)  
Total indebtedness, net of deferred financing costs   $ 3,286,514   2,993,278  
Credit Facility | Revolving Credit Facility          
Debt Instrument [Line Items]          
Total principal amount of indebtedness     $ 39,000   $ 44,000
Credit Facility | Revolving Credit Facility | Tranche A-1          
Debt Instrument [Line Items]          
Number of extensions | extension_option   2 2    
Term of debt   12 months      
Credit Facility | Revolving Credit Facility | Twenty Twenty Two Senior Unsecured Revolving Credit Facilities          
Debt Instrument [Line Items]          
Less: unamortized deferred financing costs   $ (4,000)   $ (6,400)  
Number of extensions | extension_option 2 2 2    
Term of debt 6 months 6 months      
v3.25.0.1
Derivative Financial Instruments - Narrative (Details)
€ in Millions, £ in Millions, $ in Millions, $ in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2020
USD ($)
instrument
Dec. 31, 2024
AUD ($)
Dec. 31, 2024
EUR (€)
Dec. 31, 2024
NZD ($)
Jun. 30, 2024
GBP (£)
Dec. 31, 2023
AUD ($)
Dec. 31, 2023
EUR (€)
Derivative [Line Items]                    
Decrease in amount of hedged loan $ 10.4                  
Number of instruments terminated | instrument       2            
Interest expense                    
Derivative [Line Items]                    
Loss to be reclassified in next twelve months 5.9                  
Interest rate contracts                    
Derivative [Line Items]                    
Amortization of swap termination costs $ (1.0) $ (2.5) $ (2.5)              
Series D and Series E Notes | Senior Notes                    
Derivative [Line Items]                    
Amount of hedged loan         $ 197.0 € 820.5   £ 78.0 $ 191.0 € 817.5
2020 Senior Unsecured Revolving Credit Facility | Credit Facility | Revolving Credit Facility                    
Derivative [Line Items]                    
Payments for settlement of hedge       $ 16.4            
Fee for termination of derivative instruments remaining in accumulated other comprehensive income       $ 8.7            
Australian Intercompany Loan | Intercompany Loan Payable | Foreign Exchange Forward                    
Derivative [Line Items]                    
Amount of hedged loan         $ 153.5       $ 153.5  
New Zealand Intercompany Loan | Intercompany Loan Payable | Foreign Exchange Forward                    
Derivative [Line Items]                    
Amount of hedged loan             $ 37.5      
v3.25.0.1
Derivative Financial Instruments - Interest Rate Swaps Outstanding (Details) - Interest Rate Swap - Designated as Hedging Instrument - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Derivative [Line Items]    
Interest rate swap assets $ 14,141 $ 9,581
Derivative Liabilities 3,021 330
Interest Rate Swap Agreement 1 Maturing July 30 2027    
Derivative [Line Items]    
Notational amount $ 200,000 $ 200,000
Fixed Base Interest Rate Swap 3.05% 3.05%
Interest rate swap assets $ 4,651 $ 3,687
Derivative Liabilities 0 0
Interest Rate Swap Agreement 2 Maturing July 30 2027    
Derivative [Line Items]    
Notational amount $ 175,000 $ 175,000
Fixed Base Interest Rate Swap 3.47% 3.47%
Interest rate swap assets $ 2,265 $ 788
Derivative Liabilities 0 0
Interest Rate Swap Agreement 1 Maturing December 31 2027    
Derivative [Line Items]    
Notational amount $ 270,000 $ 270,000
Fixed Base Interest Rate Swap 3.05% 3.05%
Interest rate swap assets $ 7,225 $ 5,106
Derivative Liabilities 0 0
Interest Rate Swap Agreement 2 Maturing December 31 2027    
Derivative [Line Items]    
Notational amount $ 250,000 $ 250,000
Fixed Base Interest Rate Swap 3.59% 3.59%
Interest rate swap assets $ 0 $ 0
Derivative Liabilities $ 3,021 $ 330
v3.25.0.1
Derivative Financial Instruments - Fair Value Amounts of Derivative Instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Derivative [Line Items]    
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Level 2 | Measured at fair value on a recurring basis    
Derivative [Line Items]    
Derivative Assets $ 29,868 $ 15,480
Derivative Liabilities $ 3,021 $ 330
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Liabilities Liabilities
Interest Rate Swap | Level 2 | Measured at fair value on a recurring basis    
Derivative [Line Items]    
Derivative Assets $ 14,141 $ 9,581
Designated as Hedging Instrument | Foreign exchange contracts | Level 2 | Measured at fair value on a recurring basis    
Derivative [Line Items]    
Derivative Assets 15,727 5,899
Derivative Liabilities 0 0
Designated as Hedging Instrument | Interest Rate Swap    
Derivative [Line Items]    
Derivative Assets 14,141 9,581
Derivative Liabilities 3,021 330
Designated as Hedging Instrument | Interest Rate Swap | Level 2 | Measured at fair value on a recurring basis    
Derivative [Line Items]    
Derivative Assets 14,141 9,581
Derivative Liabilities $ 3,021 $ 330
v3.25.0.1
Derivative Financial Instruments - Amounts in the Condensed Consolidated Statement of Operations, Including Impacts to Accumulated Other Comprehensive Income (AOCI) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Derivative [Line Items]      
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative $ 27,765 $ 8,532 $ 21,505
Amount of Gain (Loss) Reclassified from AOCI into Earnings 24,478 11,886 6,187
Interest rate contracts | Interest expense      
Derivative [Line Items]      
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative 17,431 7,504 15,572
Amount of Gain (Loss) Reclassified from AOCI into Earnings 15,574 13,825 721
Interest rate contracts | Loss on debt extinguishment, modifications and termination of derivative instruments      
Derivative [Line Items]      
Amount of Gain (Loss) Reclassified from AOCI into Earnings (973) (2,513) (2,507)
Foreign exchange contracts | Interest expense      
Derivative [Line Items]      
Amount of Gain (Loss) Reclassified from AOCI into Earnings 506 374 371
Foreign exchange contracts | Foreign currency exchange gain (loss), net      
Derivative [Line Items]      
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative 10,334 1,028 5,933
Amount of Gain (Loss) Reclassified from AOCI into Earnings $ 9,371 $ 200 $ 7,602
v3.25.0.1
Sale-Leasebacks of Real Estate - Schedule of Outstanding Sale-Leaseback Financing Obligations (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Sale Leaseback Transaction [Line Items]    
Total sale-leaseback financing obligations $ 79,001 $ 161,937
1 warehouse – 2010    
Sale Leaseback Transaction [Line Items]    
Interest Rate 10.34% 10.34%
Total sale-leaseback financing obligations $ 15,872 $ 16,912
11 warehouses – 2007    
Sale Leaseback Transaction [Line Items]    
Total sale-leaseback financing obligations $ 0 $ 78,735
11 warehouses – 2007 | Minimum    
Sale Leaseback Transaction [Line Items]    
Interest Rate 0.00% 7.00%
11 warehouses – 2007 | Maximum    
Sale Leaseback Transaction [Line Items]    
Interest Rate   19.59%
3 facilities - 2007 (Agro)    
Sale Leaseback Transaction [Line Items]    
Interest Rate 10.00% 10.00%
Total sale-leaseback financing obligations $ 58,359 $ 60,987
1 facility - 2013 (Agro)    
Sale Leaseback Transaction [Line Items]    
Interest Rate 10.00% 10.00%
Total sale-leaseback financing obligations $ 4,770 $ 5,303
v3.25.0.1
Sale-Leasebacks of Real Estate - Narrative (Details)
$ in Millions
 1 Months Ended 12 Months Ended
Jul. 31, 2013
facility
warehouse
Sep. 30, 2010
USD ($)
Sep. 30, 2007
USD ($)
extension
Dec. 31, 2024
USD ($)
Dec. 31, 2013
facility
Dec. 31, 2007
facility
Sale Leaseback Transaction [Line Items]            
Loss on debt extinguishment, modifications and termination of derivative instruments | $       $ 115.1    
3 facilities - 2007 (Agro)            
Sale Leaseback Transaction [Line Items]            
Number of warehouses           3
Lease agreement term           20 years
Rent increase term           5 years
Rent increase as a percentage of Consumer Price Index           125.00%
Rent increase percentage           9.00%
1 facility - 2013 (Agro)            
Sale Leaseback Transaction [Line Items]            
Number of warehouses         1  
Lease agreement term         20 years  
Rent increase term         5 years  
Rent increase percentage         12.00%  
Number of extensions under sale-leaseback transaction         6  
Extension period under sale-leaseback transaction         5 years  
1 warehouse – 2010            
Sale Leaseback Transaction [Line Items]            
Lease agreement term   20 years        
Purchase option transferred | $   $ 18.3        
Consideration to be used toward improvements | $   $ 1.0        
Percentage of useful life where control maintained   90.00%        
Purchase price option percentage   95.00%        
11 warehouses – 2007            
Sale Leaseback Transaction [Line Items]            
Number of warehouses | warehouse 11          
Number of extensions under sale-leaseback transaction | extension     4      
Extension period under sale-leaseback transaction     5 years      
Proceeds from assumed sale leaseback agreements | $     $ 170.7      
Annual rent increase under sale-leaseback transaction 0.50%   1.75%      
Number of units where agreement was amended | warehouse 6          
Number of leases agreements amended to extend expiration date 4          
Number of leases amended to reduce annual rent increase and remove guarantee by unsecured indemnity from related party 5          
11 warehouses – 2007 | Minimum            
Sale Leaseback Transaction [Line Items]            
Lease agreement term     10 years      
11 warehouses – 2007 | Maximum            
Sale Leaseback Transaction [Line Items]            
Lease agreement term     20 years      
Agro Merchants Group | 3 facilities - 2007 (Agro)            
Sale Leaseback Transaction [Line Items]            
Number of warehouses acquired           4
v3.25.0.1
Sale-Leasebacks of Real Estate - Future Minimum Lease Payments (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Lessee, Lease, Description [Line Items]    
2025 $ 33,097  
2026 28,008  
2027 23,352  
2028 13,713  
2029 4,652  
Thereafter 1,942  
Total minimum payments 104,764  
Interest portion (8,980)  
Present value of net minimum payments 95,784 $ 97,177
Warehouses Under Sale Leaseback Transactions    
Lessee, Lease, Description [Line Items]    
2025 12,259  
2026 12,325  
2027 13,059  
2028 13,261  
2029 13,421  
Thereafter 54,133  
Total minimum payments 118,458  
Interest portion (39,457)  
Present value of net minimum payments $ 79,001  
v3.25.0.1
Lease Accounting - Lessee Narrative (Details)
 12 Months Ended
Dec. 31, 2024
Lessee, Lease, Description [Line Items]  
Lease, option to extend one
Minimum  
Lessee, Lease, Description [Line Items]  
Remaining lease term 1 year
Extended lease term 1 year
Maximum  
Lessee, Lease, Description [Line Items]  
Remaining lease term 28 years
Extended lease term 10 years
v3.25.0.1
Lease Accounting - Lessee, Lease Expenses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Leases [Abstract]      
Operating lease cost $ 44,883 $ 44,971 $ 52,331
Financing lease cost:      
Depreciation 31,642 26,129 25,687
Interest on lease liabilities 4,129 444 3,063
Sublease income (17,573) (5,856) (7,991)
Net lease expense $ 63,081 $ 65,688 $ 73,090
v3.25.0.1
Lease Accounting - Lessee, Other Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities      
Operating cash flows from operating leases $ (36,118) $ (35,510) $ (42,949)
Financing cash flows from finance leases (37,921) (39,214) (33,860)
Right-of-use assets obtained in exchange for lease obligations      
Operating leases 11,186 6,244 7,889
Finance leases $ 38,989 $ 59,276 $ 18,694
Weighted-average remaining lease term (years)      
Operating leases 9 years 10 months 24 days 10 years 7 months 6 days 11 years 1 month 6 days
Finance leases 3 years 3 months 18 days 3 years 10 months 24 days 3 years 3 months 18 days
Weighted-average discount rate      
Operating leases 2.90% 2.80% 2.80%
Finance leases 4.70% 3.90% 3.20%
v3.25.0.1
Lease Accounting - Lessee, Minimum Lease Payments (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Operating Lease Payments    
2025 $ 33,492  
2026 29,552  
2027 27,094  
2028 25,205  
2029 22,437  
Thereafter 114,642  
Total future minimum lease payments 252,422  
Less: Interest (33,323)  
Total future minimum lease payments less interest 219,099 $ 240,251
Finance Lease Payments    
2025 33,097  
2026 28,008  
2027 23,352  
2028 13,713  
2029 4,652  
Thereafter 1,942  
Total minimum payments 104,764  
Less: Interest (8,980)  
Total future minimum lease payments less interest 95,784 $ 97,177
Total Lease Payments    
2025 66,589  
2026 57,560  
2027 50,446  
2028 38,918  
2029 27,089  
Thereafter 116,584  
Total future minimum lease payments 357,186  
Less: Interest (42,303)  
Total future minimum lease payments less interest $ 314,883  
v3.25.0.1
Lease Accounting - Lessor, Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Lessee, Lease, Description [Line Items]      
Land and buildings and improvements, gross value $ 7,474,281 $ 7,302,933  
Land and buildings and improvements, net value 5,020,684 5,106,737  
Depreciation 324,400 316,800 $ 295,700
Building and land improvements      
Lessee, Lease, Description [Line Items]      
Land and buildings and improvements, gross value 134,900 115,200  
Land and buildings and improvements, net value 102,000 85,400  
Building and land improvements | Argo      
Lessee, Lease, Description [Line Items]      
Depreciation $ 4,800 $ 4,300 $ 4,200
Minimum      
Lessee, Lease, Description [Line Items]      
Remaining term 1 year    
Maximum      
Lessee, Lease, Description [Line Items]      
Remaining term 13 years    
v3.25.0.1
Lease Accounting - Future Minimum Payments to be Received (Details)
$ in Thousands
Dec. 31, 2024
USD ($)
Leases [Abstract]  
2025 $ 50,464
2026 42,696
2027 35,641
2028 30,145
2029 16,125
Thereafter 42,181
Total $ 217,252
v3.25.0.1
Fair Value Measurements (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Measured at fair value on a recurring basis:    
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Pension | Level 3    
Measured at fair value on a recurring basis:    
Assets held by various pension plans: $ 1,107 $ 1,323
Interest Rate Swap | Designated as Hedging Instrument    
Measured at fair value on a recurring basis:    
Interest rate swap assets 14,141 9,581
Interest rate swap liabilities 3,021 330
Measured at fair value on a recurring basis | Level 2    
Measured at fair value on a recurring basis:    
Interest rate swap assets 29,868 15,480
Interest rate swap liabilities $ 3,021 $ 330
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Measured at fair value on a recurring basis | Pension | Level 1    
Measured at fair value on a recurring basis:    
Assets held by various pension plans: $ 22,052 $ 24,564
Measured at fair value on a recurring basis | Pension | Level 2    
Measured at fair value on a recurring basis:    
Assets held by various pension plans: 4,010 4,425
Measured at fair value on a recurring basis | Pension | Level 3    
Measured at fair value on a recurring basis:    
Assets held by various pension plans: 1,107 1,323
Measured at fair value on a recurring basis | Interest Rate Swap | Level 2    
Measured at fair value on a recurring basis:    
Interest rate swap assets 14,141 9,581
Measured at fair value on a recurring basis | Interest Rate Swap | Level 2 | Designated as Hedging Instrument    
Measured at fair value on a recurring basis:    
Interest rate swap assets 14,141 9,581
Interest rate swap liabilities 3,021 330
Measured at fair value on a recurring basis | Currency Swap | Level 2    
Measured at fair value on a recurring basis:    
Interest rate swap assets 15,727 5,899
Disclose at fair value | Level 2    
Disclosed at fair value:    
Senior unsecured notes and term loans 478,950 0
Disclose at fair value | Level 3    
Measured at fair value on a non-recurring basis:    
Certain previously impaired real estate assets 25,394 0
Disclosed at fair value:    
Senior unsecured notes and term loans $ 2,660,494 $ 2,821,064
v3.25.0.1
Stock-Based Compensation - Narrative (Details)
 1 Months Ended 12 Months Ended
Dec. 08, 2020
USD ($)
offering_period
shares
Jan. 31, 2025
shares
Jan. 31, 2024
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
Jan. 04, 2018
shares
Dec. 31, 2010
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Stock-based compensation expense | $       $ 28,233,000 $ 23,592,000 $ 27,137,000      
Unrecognized stock-based compensation expense | $       $ 34,700,000          
Unrecognized stock-based compensation expense, period for recognition       1 year 10 months 24 days          
Intrinsic value of options exercised | $       $ 400,000 $ 100,000 $ 1,900,000      
2010 Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of shares authorized (in shares)                 3,849,976
Americold Realty Trust 2017 Equity Incentive Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of shares authorized (in shares)               9,000,000  
Employee Stock                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Purchase price of common stock , percent 85.00%                
Maximum employee subscription amount | $ $ 25,000                
Maximum number of shares per employee (in shares) 2,400                
Number of offering periods | offering_period 1                
Number of shares authorized (in shares) 5,000,000                
Restricted stock units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Granted, grant date fair value (in USD per share) | $ / shares       $ 26.02 $ 31.12 $ 27.10      
Vested, grant date fair value (in USD per share) | $ / shares       30.01          
Forfeited, grant date fair value (in USD per share) | $ / shares       28.10          
Outstanding, grant date fair value (in USD per share) | $ / shares       $ 27.56 $ 29.09        
Restricted stock units | Directors                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       13,834 12,036 4,810      
Vesting period (in years)         1 year 1 year      
Restricted stock units | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       839,166 634,109 555,719      
Restricted stock units | Associates | Minimum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)       1 year 1 year 1 year      
Restricted stock units | Associates | Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)       3 years 3 years 3 years      
Time-based Restricted Stock Units, Awarded As Part of Annual Compensation | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       702,072 456,017 424,543      
Vesting period (in years)       1 year          
Time-based Restricted Stock Units, Awarded As Part of Annual Compensation | Associates | Minimum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)       1 year 1 year 1 year      
Time-based Restricted Stock Units, Awarded As Part of Annual Compensation | Associates | Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)       3 years 3 years 3 years      
Time-based Restricted Stock Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       717,370          
Vested (in shares)       366,298          
Market-Based Restricted Stock Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       135,630          
Vesting period (in years)       3 years          
Vested (in shares)     97,517 36,419          
Vesting percentage     56.00%            
Market-Based Restricted Stock Units | Subsequent Event                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vested (in shares)   155,483              
Vesting percentage   57.00%              
Market-Based Restricted Stock Units | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       135,630 107,177 131,176      
Vesting period (in years)       3 years 3 years   3 years    
Market-Based Restricted Stock Units | Associates | Minimum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)           1 year      
Market-Based Restricted Stock Units | Associates | Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)           2 years      
Market-Based Restricted Stock Units | Project Orion | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)       1 year          
Performance-Based Restricted Stock Units | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       1,464 70,915        
Operating Partnership units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vested, grant date fair value (in USD per share) | $ / shares       $ 30.67          
Forfeited, grant date fair value (in USD per share) | $ / shares       31.10          
Outstanding, grant date fair value (in USD per share) | $ / shares       $ 27.38 $ 30.67        
Aggregate grant date fair value of awards | $       $ 18,100,000 $ 13,000,000 $ 10,000,000      
Operating Partnership units | Directors                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       43,478 37,827 35,593      
Vesting period (in years)       1 year 1 year 1 year      
Operating Partnership units | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       662,200 357,254 342,980      
Vesting period (in years)       3 years          
Operating Partnership units | Associates | Minimum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)         1 year 1 year      
Operating Partnership units | Associates | Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)         3 years 3 years      
Time Based Graded Vesting OP Units | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       425,333 163,694 98,994      
Time Based Graded Vesting OP Units | Associates | Minimum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)           1 year      
Time Based Graded Vesting OP Units | Associates | Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)       3 years   3 years      
Market Performance-based Cliff Vesting OP Units | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       236,867 193,560 243,986      
Vesting period (in years)       3 years   3 years      
Market Performance-based Cliff Vesting OP Units | Associates | Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)           3 years      
v3.25.0.1
Stock-Based Compensation - Restricted Stock Units Grants (Details) - Restricted Stock Units - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Directors      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of Restricted Stock Units Granted (in shares) 13,834 12,036 4,810
Vesting period (in years)   1 year 1 year
Grant Date Fair Value (In thousands) $ 350 $ 350 $ 125
Associates      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of Restricted Stock Units Granted (in shares) 839,166 634,109 555,719
Grant Date Fair Value (In thousands) $ 21,847 $ 19,759 $ 15,067
Minimum | Associates      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Vesting period (in years) 1 year 1 year 1 year
Maximum | Associates      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Vesting period (in years) 3 years 3 years 3 years
v3.25.0.1
Stock-Based Compensation - Restricted Stock Unit Activity (Details) - USD ($)
$ / shares in Units, $ in Millions
 1 Months Ended 12 Months Ended
Jan. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Time-based Restricted Stock Units        
Units (In thousands)        
Beginning balance (in shares) 732,519 732,519    
Granted (in shares)   717,370    
Market-performance adjustment (in shares)   0    
Vested (in shares)   (366,298)    
Forfeited (in shares)   (85,315)    
Ending balance (in shares)   998,276 732,519  
Aggregate intrinsic value, nonvested   $ 21.4 $ 20.0  
Shares vested, but not released (in shares)   46,890    
Aggregate intrinsic value, shares vested but not released   $ 1.0    
Total outstanding restricted stock units (in shares)   1,045,166    
Aggregate intrinsic value, total outstanding restricted stock units   $ 22.4    
Market-Based Restricted Stock Units        
Units (In thousands)        
Beginning balance (in shares) 259,326 259,326    
Granted (in shares)   135,630    
Market-performance adjustment (in shares)   (28,632)    
Vested (in shares) (97,517) (36,419)    
Forfeited (in shares)   (20,860)    
Ending balance (in shares)   309,045 259,326  
Aggregate intrinsic value, nonvested   $ 6.6 $ 10.0  
Total outstanding restricted stock units (in shares)   309,045    
Aggregate intrinsic value, total outstanding restricted stock units   $ 6.6    
Directors | Restricted Stock Units        
Units (In thousands)        
Granted (in shares)   13,834 12,036 4,810
Vested awards, weighted average grant date fair value (in USD per share)   $ 8.42    
v3.25.0.1
Stock-Based Compensation - Performance Thresholds (Details)
Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Market performance percentage, maximum 200.00%
Market performance percentage, target 100.00%
Market performance percentage, minimum 50.00%
Market-Based Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Market performance percentage, below threshold 0.00%
v3.25.0.1
Stock-Based Compensation - Restricted Stock Units Valuation Assumptions (Details) - Market-Based Restricted Stock Units
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected Stock Price Volatility 29.00% 28.00% 33.00%
Risk-Free Interest Rate 4.29% 4.77% 1.75%
v3.25.0.1
Stock-Based Compensation - OP Units Grants (Details) - Operating Partnership units - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Directors      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of awards granted (in shares) 43,478 37,827 35,593
Vesting period (in years) 1 year 1 year 1 year
Grant Date Fair Value (In thousands) $ 1,100 $ 1,100 $ 925
Associates      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of awards granted (in shares) 662,200 357,254 342,980
Vesting period (in years) 3 years    
Grant Date Fair Value (In thousands) $ 16,969 $ 11,917 $ 9,087
Minimum | Associates      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Vesting period (in years)   1 year 1 year
Maximum | Associates      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Vesting period (in years)   3 years 3 years
v3.25.0.1
Stock-Based Compensation - OP Units Activity (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Time-Based OP Units    
Units (In thousands)    
Beginning balance (in shares) 235,895  
Granted (in shares) 468,811  
Vested (in shares) (128,448)  
Forfeited (in shares) (13,273)  
Ending balance (in shares) 562,985 235,895
Aggregate intrinsic value, nonvested $ 12.0 $ 7.1
Shares vested, but not released (in shares) 372,168  
Aggregate intrinsic value, shares vested but not released $ 8.0  
Total outstanding restricted stock units (in shares) 935,153  
Aggregate intrinsic value, total outstanding restricted stock units $ 20.0  
Market-Based OP Units    
Units (In thousands)    
Beginning balance (in shares) 420,376  
Granted (in shares) 236,867  
Vested (in shares) (61,089)  
Forfeited (in shares) (28,185)  
Ending balance (in shares) 567,969 420,376
Aggregate intrinsic value, nonvested $ 12.2 $ 12.7
Shares vested, but not released (in shares) 83,304  
Aggregate intrinsic value, shares vested but not released $ 0.0  
Total outstanding restricted stock units (in shares) 651,273  
Aggregate intrinsic value, total outstanding restricted stock units $ 12.2  
v3.25.0.1
Stock-Based Compensation - Summary of Option Activity (Details) - $ / shares
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Shares (In thousands)    
Outstanding (in shares) 100,498  
Exercised (in shares) (32,500)  
Outstanding (in shares) 67,998 100,498
Weighted-Average Exercise Price    
Outstanding (in USD per share) $ 9.81  
Exercised (in USD per share) 9.81  
Outstanding (in USD per share) $ 9.81 $ 9.81
Weighted-Average Remaining Contractual Terms (Years)    
Outstanding 1 year 9 months 18 days 2 years 8 months 12 days
Exercisable    
Shares (in shares) 67,998  
Weighted-Average Exercise Price (in USD per share) $ 9.81  
Weighted-Average Remaining Contractual Terms (Years) 1 year 9 months 18 days  
v3.25.0.1
Income Taxes - Narrative (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Loss Carryforwards [Line Items]      
GILTI $ 0 $ 0 $ 0
North America      
Operating Loss Carryforwards [Line Items]      
Operating loss carryforwards 25,000,000.0    
Operating loss carryforwards obtained through acquisitions 78,700,000    
State      
Operating Loss Carryforwards [Line Items]      
Operating loss carryforwards 36,500,000    
Operating loss carryforwards, subject to expiration 26,600,000    
Operating loss carryforwards, not subject to expiration 9,900,000    
Foreign Tax Jurisdiction      
Operating Loss Carryforwards [Line Items]      
Operating loss carryforwards 121,700,000    
Operating loss carryforwards, subject to expiration 32,100,000    
Operating loss carryforwards, not subject to expiration $ 89,600,000    
v3.25.0.1
Income Taxes - Income/(loss) before income taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
U.S. $ (19,509) $ (35,662) $ 37,040
Foreign   (292,427) (66,968)
Loss from continuing operations before income taxes $ (103,177) $ (328,089) $ (29,928)
v3.25.0.1
Income Taxes - Schedule of Components of Income Tax Benefit (Expense) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Current:      
U.S. federal $ 57 $ (9) $ 290
State (736) (3,318) (620)
Foreign (4,103) (5,181) (3,395)
Total current portion (4,782) (8,508) (3,725)
Deferred:      
U.S. federal (4,615) (1,264) (3,895)
State (1,524) 347 360
Foreign 19,349 11,698 26,096
Total deferred portion 13,210 10,781 22,561
Total income tax benefit $ 8,428 $ 2,273 $ 18,836
v3.25.0.1
Income Taxes - Reconciliation Schedule (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
Income tax benefit from continuing operations at statutory rates $ 21,667 $ 68,899 $ 6,285
Earnings from REIT - not subject to tax (7,683) (6,612) 7,742
State income taxes, net of federal income tax benefit (2,488) (2,616) (524)
Foreign income taxed at different rates 2,622 11,432 1,296
Change in valuation allowance (5,523) (10,619) 1,307
Goodwill Impairment 0 (57,436) 0
Non-deductible expenses (2,188) (1,243) (4,379)
Change in status of investment 0 0 6,503
Other 2,021 468 606
Total income tax benefit $ 8,428 $ 2,273 $ 18,836
v3.25.0.1
Income Taxes - Temporary Difference (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets:    
Net operating loss and credits carryforwards $ 67,765 $ 74,439
Accrued expenses 33,087 34,125
Share-based compensation 3,132 2,890
Lease obligations 14,244 15,155
Other assets 2,442 3,909
Total gross deferred tax assets 120,670 130,518
Less: valuation allowance (14,430) (10,895)
Total net deferred tax assets 106,240 119,623
Deferred tax liabilities:    
Intangible assets and goodwill (71,420) (76,860)
Property, buildings and equipment (132,646) (157,659)
Lease right-of-use assets (14,479) (15,646)
Other liabilities (3,315) (4,789)
Total gross deferred tax liabilities (221,860) (254,954)
Net deferred tax liability $ (115,620) $ (135,331)
v3.25.0.1
Employee Benefit Plans - Narrative (Details)
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
plan
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Settlement loss   $ 2,127,000 $ 35,125,000  
Amortization of prior service cost       $ 21,000
Total plan assets are allocated to fixed-income securities   89.00%    
Percentage of union employees covered       36.00%
Minimum contribution to multiemployer plan   $ 3,600,000    
Contributions to government sponsored plan   9,100,000 8,300,000 $ 7,700,000
Defined contribution plan expense   11,800,000 11,900,000 11,400,000
Americold Retirement Income Plan        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Settlement loss     2,500,000  
Other Post-Retirement Benefits (OPRB)        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Settlement loss   $ 33,000 0  
Average future service period   3 years 7 months 6 days    
Amortization of prior service cost       0
Offshore Plan | Forecast        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Amortization of prior service cost $ 0      
North America | Forecast        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Amortization of prior service cost $ 200,000      
Austria Plans | Pension        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Settlement loss   $ 0 0  
Average future service period   4 years 3 months 18 days    
Amortization of prior service cost       0
Austria Plans | Offshore Plan        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Number of plans | plan   2    
National Service-Related Pension Plan (NSRPP) | Pension        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Settlement loss   $ 2,094,000 $ 0  
Average future service period   5 years 6 months    
Amortization of prior service cost       $ 0
Expected return on plan assets   5.50% 5.50% 6.50%
National Service-Related Pension Plan (NSRPP) | Pension | Forecast        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Expected return on plan assets 5.50%      
Superannuation | Pension        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Settlement loss   $ 0 $ 0  
Average future service period   6 years 6 months    
Amortization of prior service cost       $ 21,000
Expected return on plan assets   7.50% 5.00% 5.00%
Superannuation | Pension | Forecast        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Expected return on plan assets 7.50%      
v3.25.0.1
Employee Benefit Plans - Actuarial Assumptions (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Change in benefit obligation:    
Beginning balance $ (31,709) $ (64,597)
Service cost (118) (150)
Interest cost (1,426) (3,094)
Actuarial gain (loss) 1,791 (1,741)
Benefits paid 1,520 2,841
Plan participants’ contributions (16) (18)
Foreign currency translation gain 301 (76)
Effect of settlement 2,127 35,126
Ending balance (27,530) (31,709)
Change in plan assets:    
Beginning balance 30,312 64,642
Actual return on plan assets 1,050 2,346
Employer contributions 167 1,331
Benefits paid (1,501) (2,852)
Effect of settlement (2,127) (35,125)
Plan participants’ contributions 43 47
Foreign currency translation loss (502) (77)
Others (273)  
Ending balance 27,169 30,312
Funded status (361) (1,397)
Amounts recognized on the consolidated balance sheet:    
Pension and post-retirement asset (liability) (361) (1,397)
Accumulated other comprehensive loss (income) (1,315) 3,315
Amounts in accumulated other comprehensive loss (income) consist of:    
Net (gain) loss (1,315) 3,315
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):    
Net (gain) loss (604) 2,062
Amortization of net loss (gain) 44 (581)
Amount recognized due to special event 49 (2,152)
Foreign currency translation gain (4) (35)
Effect of tax   3,005
Total recognized in other comprehensive loss (income) (515) 2,299
Information for plans with accumulated benefit obligation in excess of plan assets:    
Projected benefit obligation 4,178 4,571
Accumulated benefit obligation 3,789 4,131
Fair value of plan assets 2,770 2,945
Pension    
Change in plan assets:    
Beginning balance 30,312  
Ending balance 27,169 30,312
Other Post-Retirement Benefits (OPRB)    
Change in benefit obligation:    
Beginning balance (503) (493)
Service cost 0 0
Interest cost (20) (21)
Actuarial gain (loss) 16 11
Benefits paid 0 0
Plan participants’ contributions 0 0
Foreign currency translation gain 0 0
Effect of settlement 33 0
Ending balance (474) (503)
Change in plan assets:    
Beginning balance 0 0
Actual return on plan assets 0 0
Employer contributions 33 0
Benefits paid 0 0
Effect of settlement (33) 0
Plan participants’ contributions 0 0
Foreign currency translation loss 0 0
Others 0  
Ending balance 0 0
Funded status (474) (503)
Amounts recognized on the consolidated balance sheet:    
Pension and post-retirement asset (liability) (474) (503)
Accumulated other comprehensive loss (income) (74) (68)
Amounts in accumulated other comprehensive loss (income) consist of:    
Net (gain) loss (74) (68)
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):    
Net (gain) loss (16) (8)
Amortization of net loss (gain) 5 2
Amount recognized due to special event 5 0
Foreign currency translation gain 0 0
Effect of tax   0
Total recognized in other comprehensive loss (income) (6) (6)
Information for plans with accumulated benefit obligation in excess of plan assets:    
Projected benefit obligation 474 503
Accumulated benefit obligation 474 504
Fair value of plan assets 0 0
Americold Retirement Income Plan (ARIP) | Pension    
Change in benefit obligation:    
Beginning balance 0 (33,811)
Service cost 0 0
Interest cost 0 (1,603)
Actuarial gain (loss) 0 (1,199)
Benefits paid 0 1,487
Plan participants’ contributions 0 0
Foreign currency translation gain 0 0
Effect of settlement 0 35,126
Ending balance 0 0
Change in plan assets:    
Beginning balance 0 34,992
Actual return on plan assets 0 403
Employer contributions 0 1,216
Benefits paid 0 (1,486)
Effect of settlement 0 (35,125)
Plan participants’ contributions 0 0
Foreign currency translation loss 0 0
Others 0  
Ending balance 0 0
Funded status 0 0
Amounts recognized on the consolidated balance sheet:    
Pension and post-retirement asset (liability) 0 0
Accumulated other comprehensive loss (income) 0 3,699
Amounts in accumulated other comprehensive loss (income) consist of:    
Net (gain) loss 0 3,699
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):    
Net (gain) loss 0 1,880
Amortization of net loss (gain) 0 (646)
Amount recognized due to special event 0 (2,152)
Foreign currency translation gain 0 0
Effect of tax   3,005
Total recognized in other comprehensive loss (income) 0 2,087
National Service-Related Pension Plan (NSRPP) | Pension    
Change in benefit obligation:    
Beginning balance (27,138) (26,604)
Service cost 0 0
Interest cost (1,262) (1,322)
Actuarial gain (loss) 1,610 (474)
Benefits paid 1,344 1,262
Plan participants’ contributions 0 0
Foreign currency translation gain 0 0
Effect of settlement 2,094 0
Ending balance (23,352) (27,138)
Change in plan assets:    
Beginning balance 27,365 26,999
Actual return on plan assets 472 1,629
Employer contributions 0 0
Benefits paid (1,344) (1,263)
Effect of settlement (2,094) 0
Plan participants’ contributions 0 0
Foreign currency translation loss 0 0
Others 0  
Ending balance 24,399 27,365
Funded status 1,047 227
Amounts recognized on the consolidated balance sheet:    
Pension and post-retirement asset (liability) 1,047 227
Accumulated other comprehensive loss (income) (1,030) (267)
Amounts in accumulated other comprehensive loss (income) consist of:    
Net (gain) loss (1,030) (267)
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):    
Net (gain) loss (700) 199
Amortization of net loss (gain) 60 77
Amount recognized due to special event 44 0
Foreign currency translation gain 0 0
Effect of tax   0
Total recognized in other comprehensive loss (income) (596) 276
Superannuation | Pension    
Change in benefit obligation:    
Beginning balance (1,559) (1,268)
Service cost (44) (48)
Interest cost (74) (64)
Actuarial gain (loss) (109) (209)
Benefits paid 45 48
Plan participants’ contributions (16) (18)
Foreign currency translation gain 143 0
Effect of settlement 0 0
Ending balance (1,614) (1,559)
Change in plan assets:    
Beginning balance 1,633 1,508
Actual return on plan assets 539 335
Employer contributions 0 0
Benefits paid (116) (103)
Effect of settlement 0 0
Plan participants’ contributions 43 47
Foreign currency translation loss (436) (154)
Others 0  
Ending balance 1,663 1,633
Funded status 49 74
Amounts recognized on the consolidated balance sheet:    
Pension and post-retirement asset (liability) 49 74
Accumulated other comprehensive loss (income) 96 93
Amounts in accumulated other comprehensive loss (income) consist of:    
Net (gain) loss 96 93
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):    
Net (gain) loss 13 121
Amortization of net loss (gain) 0 0
Amount recognized due to special event 0 0
Foreign currency translation gain (4) (35)
Effect of tax   0
Total recognized in other comprehensive loss (income) 9 86
Information for plans with accumulated benefit obligation in excess of plan assets:    
Projected benefit obligation 1,614 1,559
Accumulated benefit obligation 1,482 1,412
Fair value of plan assets 1,663 1,633
Austria Plans | Pension    
Change in benefit obligation:    
Beginning balance (2,509) (2,421)
Service cost (74) (102)
Interest cost (70) (84)
Actuarial gain (loss) 274 130
Benefits paid 131 44
Plan participants’ contributions 0 0
Foreign currency translation gain 158 (76)
Effect of settlement 0 0
Ending balance (2,090) (2,509)
Change in plan assets:    
Beginning balance 1,314 1,143
Actual return on plan assets 39 (21)
Employer contributions 134 115
Benefits paid (41) 0
Effect of settlement 0 0
Plan participants’ contributions 0 0
Foreign currency translation loss (66) 77
Others (273)  
Ending balance 1,107 1,314
Funded status (983) (1,195)
Amounts recognized on the consolidated balance sheet:    
Pension and post-retirement asset (liability) (983) (1,195)
Accumulated other comprehensive loss (income) (307) (142)
Amounts in accumulated other comprehensive loss (income) consist of:    
Net (gain) loss (307) (142)
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):    
Net (gain) loss 99 (130)
Amortization of net loss (gain) (21) (14)
Amount recognized due to special event 0 0
Foreign currency translation gain 0 0
Effect of tax   0
Total recognized in other comprehensive loss (income) 78 (144)
Information for plans with accumulated benefit obligation in excess of plan assets:    
Projected benefit obligation 2,090 2,509
Accumulated benefit obligation 1,833 2,215
Fair value of plan assets $ 1,107 $ 1,312
v3.25.0.1
Employee Benefit Plans - Components of Net Period Benefit Cost (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]      
Service cost $ 118 $ 150 $ 144
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Other, net Other, net Other, net
Interest cost $ 1,426 $ 3,094 $ 2,079
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other, net Other, net Other, net
Expected return on plan assets $ (1,331) $ (2,474) $ (4,873)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other, net Other, net Other, net
Amortization of net (gain) loss $ (44) $ 581 $ 205
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]     Other, net
Amortization of prior service cost     $ 21
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other, net Other, net Other, net
Effect of settlement $ (49) $ 2,152 $ 308
Net pension benefit (income) cost 120 3,503 (2,116)
Pension | Americold Retirement Income Plan (ARIP)      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 0 0 0
Interest cost 0 1,603 1,025
Expected return on plan assets 0 (1,120) (2,702)
Amortization of net (gain) loss 0 646 101
Amortization of prior service cost     0
Effect of settlement 0 2,152 319
Net pension benefit (income) cost 0 3,281 (1,257)
Pension | National Service-Related Pension Plan (NSRPP)      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 0 0 0
Interest cost 1,262 1,322 990
Expected return on plan assets (1,214) (1,285) (2,094)
Amortization of net (gain) loss (60) (77) 117
Amortization of prior service cost     0
Effect of settlement (44) 0 0
Net pension benefit (income) cost (56) (40) (987)
Pension | Superannuation      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 44 48 47
Interest cost 74 64 31
Expected return on plan assets (117) (69) (77)
Amortization of net (gain) loss 0 0 0
Amortization of prior service cost     21
Effect of settlement 0 0 0
Net pension benefit (income) cost 1 43 22
Pension | Austria Plans      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 74 102 97
Interest cost 70 84 22
Expected return on plan assets 0 0 0
Amortization of net (gain) loss 21 14 (13)
Amortization of prior service cost     0
Effect of settlement 0 0 0
Net pension benefit (income) cost 165 200 106
Other Post-Retirement Benefits (OPRB)      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 0 0 0
Interest cost 20 21 11
Expected return on plan assets 0 0 0
Amortization of net (gain) loss (5) (2) 0
Amortization of prior service cost     0
Effect of settlement (5) 0 (11)
Net pension benefit (income) cost $ 10 $ 19 $ 0
v3.25.0.1
Employee Benefit Plans - Assumptions used (Details)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pension | Americold Retirement Income Plan (ARIP)      
Weighted-average assumptions used to determine obligations (balance sheet):      
Discount rate     5.02%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):      
Discount rate     2.49%
Expected return on plan assets     6.50%
Pension | National Service-Related Pension Plan (NSRPP)      
Weighted-average assumptions used to determine obligations (balance sheet):      
Discount rate 5.48% 4.90% 5.11%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):      
Discount rate 4.82% 5.11% 2.77%
Expected return on plan assets 5.50% 5.50% 6.50%
Pension | Superannuation      
Weighted-average assumptions used to determine obligations (balance sheet):      
Discount rate 5.30% 5.25% 5.40%
Rate of compensation increase 3.00% 3.00% 2.50%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):      
Discount rate 5.25% 5.40% 2.55%
Expected return on plan assets 7.50% 5.00% 5.00%
Rate of compensation increase 3.00% 2.50% 2.50%
Pension | Austria Plans      
Weighted-average assumptions used to determine obligations (balance sheet):      
Discount rate 3.12% 3.41% 3.78%
Rate of compensation increase 3.00% 3.00% 3.00%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):      
Discount rate 3.41% 3.78% 0.94%
Other Post-Retirement Benefits (OPRB)      
Weighted-average assumptions used to determine obligations (balance sheet):      
Discount rate 4.95% 4.57% 4.81%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):      
Discount rate 4.57% 4.81% 1.95%
v3.25.0.1
Employee Benefit Plans - Fair Value of Plan Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets $ 27,169 $ 30,312 $ 64,642
Pension      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 27,169 30,312  
Pension | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 22,052 24,564  
Pension | Level 2      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 4,010 4,425  
Pension | Level 3      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Assets held by various pension plans: 1,107 1,323  
Pension | U.S. equities, Large cap      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 1,800 1,207  
Pension | U.S. equities, Large cap | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 0 0  
Pension | U.S. equities, Large cap | Level 2      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 1,800 1,207  
Pension | U.S. equities, Large cap | Level 3      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 0 0  
Pension | Fixed-income securities, Money markets      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 124 0  
Pension | Fixed-income securities, Money markets | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 0 0  
Pension | Fixed-income securities, Money markets | Level 2      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 124 0  
Pension | Fixed-income securities, Money markets | Level 3      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 0 0  
Pension | Fixed-income securities, U.S. bonds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 22,052 24,564  
Pension | Fixed-income securities, U.S. bonds | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 22,052 24,564  
Pension | Fixed-income securities, U.S. bonds | Level 2      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 0 0  
Pension | Fixed-income securities, U.S. bonds | Level 3      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 0 0  
Pension | Fixed-income securities, Real estate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 423 1,597  
Pension | Fixed-income securities, Real estate | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 0 0  
Pension | Fixed-income securities, Real estate | Level 2      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 423 1,597  
Pension | Fixed-income securities, Real estate | Level 3      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 0 0  
Pension | Fixed-income securities, Common/collective trusts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 1,663 1,621  
Pension | Fixed-income securities, Common/collective trusts | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 0 0  
Pension | Fixed-income securities, Common/collective trusts | Level 2      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 1,663 1,621  
Pension | Fixed-income securities, Common/collective trusts | Level 3      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 0 0  
Pension | Fixed-income securities, Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 1,107 1,323  
Pension | Fixed-income securities, Other | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 0 0  
Pension | Fixed-income securities, Other | Level 2      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 0 0  
Pension | Fixed-income securities, Other | Level 3      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets $ 1,107 $ 1,323  
v3.25.0.1
Employee Benefit Plans - Estimated Future Benefit Payments (Details)
$ in Thousands
Dec. 31, 2024
USD ($)
Retirement Benefits [Abstract]  
2025 $ 2,204
2026 2,011
2027 2,044
2028 1,930
2029 2,028
Thereafter 13,542
Estimated future benefit payments $ 23,759
v3.25.0.1
Employee Benefit Plans - Multiemployer Plans Contributions (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Multiemployer Plans [Line Items]      
Americold Contributions $ 3,413 $ 7,196 $ 20,936
Other liabilities $ 6,000    
Multiemployer plans, withdrawal obligation repayment period 23 years    
Central Pension Fund of the International Union of Operating Engineers and Participating Employers      
Multiemployer Plans [Line Items]      
Americold Contributions $ 64 7 8
Central States SE & SW Areas Health and Welfare Pension Plans      
Multiemployer Plans [Line Items]      
Americold Contributions 0 3 9,546
New England Teamsters & Trucking Industry Pension Plan      
Multiemployer Plans [Line Items]      
Americold Contributions 0 592 655
Alternative New England Teamsters & Trucking Industry Pension Plan      
Multiemployer Plans [Line Items]      
Americold Contributions 230 288 326
I.U.O.E Stationary Engineers Local 39 Pension Fund      
Multiemployer Plans [Line Items]      
Americold Contributions 114 138 181
United Food & Commercial Workers International Union-Industry Pension Fund      
Multiemployer Plans [Line Items]      
Americold Contributions 0 0 109
Western Conference of Teamsters Pension Fund      
Multiemployer Plans [Line Items]      
Americold Contributions 2,813 2,866 7,586
Minneapolis Food Distributing Industry Pension Plan      
Multiemployer Plans [Line Items]      
Americold Contributions 154 175 136
WWEC Local 863 Pension Fund      
Multiemployer Plans [Line Items]      
Americold Contributions $ 38 $ 3,127 $ 2,389
v3.25.0.1
Commitments and Contingencies - Narrative (Details)
 12 Months Ended
Dec. 31, 2024
USD ($)
employee
facility
Dec. 31, 2023
USD ($)
Loss Contingencies [Line Items]    
Number of employees | employee 13,755  
Number of collective bargaining agreements expiring in next twelve months | facility 12  
Loss contingency accrual $ 5,300,000  
Environmental liabilities 0 $ 0
Unasserted Claim - OSHA    
Loss Contingencies [Line Items]    
Loss contingency accrual $ 0 $ 0
Collective-Bargaining Arrangements | Number of Employees | Unionized Employees Concentration Risk    
Loss Contingencies [Line Items]    
Collective-bargaining arrangement, percentage of participants 31.00%  
Collective-Bargaining Arrangements | Number of Employees | Unionized Employees, Under Renegotiation Concentration Risk    
Loss Contingencies [Line Items]    
Collective-bargaining arrangement, percentage of participants 5.00%  
v3.25.0.1
Accumulated Other Comprehensive Loss - Activity in AOCI (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance $ 3,634,587 $ 3,787,878 $ 4,029,076
Derivative Instrument, Loss Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration] Unrealized net gain (loss) on foreign currency    
Removal of hedge designation $ (10,410) 0 0
Net amount reclassified from AOCI to net loss 10,639 10,590 10,572
Ending balance 3,307,005 3,634,587 3,787,878
Accumulated other comprehensive loss      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (16,640) (6,050) 4,522
Ending balance (27,279) (16,640) (6,050)
Pension and other postretirement benefits      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance 383 2,682 5,058
Net amount reclassified from AOCI to net loss (515) 2,299 2,376
Ending balance 898 383 2,682
Pension and other postretirement benefits, gain (loss)      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Gain (loss) arising during period 515 (2,299) (2,397)
Pension and other postretirement benefits, prior service cost      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Amount being reclassified 0 0 21
Foreign currency translation adjustment      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (31,587) (26,650) (3,136)
Gain (loss) arising during period (71,343) 26,956 (90,482)
Derecognition of cumulative foreign currency translation upon deconsolidation of entity contributed to a joint venture 0 0 4,970
Amount being reclassified 67,312 (31,893) 61,998
Net loss on foreign currency translation (14,441) (4,937) (23,514)
Ending balance (46,028) (31,587) (26,650)
Hedge derivative      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance 14,564 17,918 2,600
Amount being reclassified 27,765 8,532 21,505
Net amount reclassified from AOCI to net loss (24,478) (11,886) (6,187)
Net gain (loss) on designated derivatives 3,287 (3,354) 15,318
Ending balance $ 17,851 $ 14,564 $ 17,918
v3.25.0.1
Geographic Concentrations (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets $ 5,511,871 $ 6,352,495
Assets 7,735,954 7,869,252
North America    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 4,560,688 5,213,729
Assets 6,408,763 6,369,346
Europe    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 580,737 684,201
Assets 811,717 926,920
Asia Pacific    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 344,835 418,602
Assets 484,090 533,581
South America    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 25,611 35,963
Assets $ 31,384 $ 39,405
v3.25.0.1
Segment Information - Narrative (Details)
 12 Months Ended
Dec. 31, 2024
segment
Segment Reporting [Abstract]  
Number of reportable segments 3
v3.25.0.1
Segment Information - Revenues with a Reconciliation to Income (Loss) before Income Tax and Gain (Loss) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment revenues:      
Total revenues $ 2,666,541 $ 2,673,329 $ 2,914,735
Segment contribution:      
Cost of operations 1,819,814 1,902,757 2,218,772
Segment, Reconciliation of Other Items from Segments to Consolidated [Abstract]      
Depreciation and amortization (360,817) (353,743) (331,446)
Selling, general, and administrative (255,118) (226,786) (231,067)
Acquisition, cyber incident, and other, net (77,169) (64,087) (32,511)
Impairment of indefinite and long-lived assets (33,126) (236,515) (7,380)
Net (gain) loss from sale of real estate 3,514 2,254 (5,689)
Interest expense (135,323) (140,107) (116,127)
Loss on debt extinguishment, modifications and termination of derivative instruments (116,082) (2,482) (3,217)
Loss from investments in partially owned entities (3,702) (1,442) (918)
Loss on put option 0 (56,576) 0
Other, net 27,919 2,795 2,464
Loss from continuing operations before income taxes (103,177) (328,089) (29,928)
Related Party      
Segment, Reconciliation of Other Items from Segments to Consolidated [Abstract]      
Impairment of related party loan receivable 0 (21,972) 0
Warehouse      
Segment contribution:      
Cost of operations 1,615,030 1,668,486 1,666,739
Transportation      
Segment contribution:      
Cost of operations 172,606 197,630 265,956
Third-party managed      
Segment contribution:      
Cost of operations 32,178 36,641 286,077
Operating Segments      
Segment revenues:      
Total revenues 2,666,541 2,673,329 2,914,735
Segment contribution:      
Cost of operations 1,615,030 1,668,486 1,666,739
Operating income 846,727 770,572 695,963
Operating Segments | Warehouse      
Segment revenues:      
Total revenues 2,416,743 2,391,089 2,302,971
Segment contribution:      
Operating income 801,713 722,603 636,232
Operating Segments | Warehouse | Power      
Segment contribution:      
Cost of operations 147,453 147,750 155,661
Operating Segments | Warehouse | Other facilities costs      
Segment contribution:      
Cost of operations 256,910 247,743 231,944
Operating Segments | Warehouse | Labor      
Segment contribution:      
Cost of operations 998,543 1,023,806 1,006,862
Operating Segments | Warehouse | Other services costs      
Segment contribution:      
Cost of operations 212,124 249,187 272,272
Operating Segments | Transportation      
Segment revenues:      
Total revenues 209,129 239,670 313,358
Segment contribution:      
Operating income 36,523 42,040 47,402
Operating Segments | Third-party managed      
Segment revenues:      
Total revenues 40,669 42,570 298,406
Segment contribution:      
Operating income $ 8,491 $ 5,929 $ 12,329
v3.25.0.1
Loss per Common Share - Reconciliation of Weighted Average Number of Common Shares Outstanding (Details) - shares
shares in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Earnings Per Share [Abstract]      
Weighted average common shares outstanding – basic (in shares) 284,782 275,773 269,565
Weighted average common shares outstanding – diluted (in shares) 284,782 275,773 269,565
v3.25.0.1
Loss per Common Share - Antidilutive Securities (Details) - shares
shares in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Weighted-average number of antidilutive potential common shares excluded from computation (in shares) 780 743 2,481
Employee stock options      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Weighted-average number of antidilutive potential common shares excluded from computation (in shares) 54 83 163
Restricted stock units      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Weighted-average number of antidilutive potential common shares excluded from computation (in shares) 488 406 1,549
Operating Partnership units      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Weighted-average number of antidilutive potential common shares excluded from computation (in shares) 238 254 769
v3.25.0.1
Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disaggregation of Revenue [Line Items]      
Total revenues $ 2,604,740 $ 2,621,244 $ 2,870,336
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration] Total revenues Total revenues Total revenues
Lease revenue $ 61,801 $ 52,085 $ 44,399
Total revenues 2,666,541 2,673,329 2,914,735
Warehouse rent and storage      
Disaggregation of Revenue [Line Items]      
Total revenues 997,707 1,049,657 954,989
Warehouse services      
Disaggregation of Revenue [Line Items]      
Total revenues 1,357,235 1,289,347 1,303,583
Transportation      
Disaggregation of Revenue [Line Items]      
Total revenues 209,129 239,670 313,358
Third-party managed      
Disaggregation of Revenue [Line Items]      
Total revenues 40,669 42,570 298,406
North America      
Disaggregation of Revenue [Line Items]      
Total revenues 2,069,404 2,081,787 2,270,587
Lease revenue 54,107 43,672 38,909
Total revenues 2,123,511 2,125,459 2,309,496
North America | Warehouse rent and storage      
Disaggregation of Revenue [Line Items]      
Total revenues 840,571 889,285 800,763
North America | Warehouse services      
Disaggregation of Revenue [Line Items]      
Total revenues 1,104,680 1,046,910 1,038,145
North America | Transportation      
Disaggregation of Revenue [Line Items]      
Total revenues 108,015 125,755 154,669
North America | Third-party managed      
Disaggregation of Revenue [Line Items]      
Total revenues 16,138 19,837 277,010
Europe      
Disaggregation of Revenue [Line Items]      
Total revenues 235,572 258,773 320,224
Lease revenue 5,320 5,850 5,490
Total revenues 240,892 264,623 325,714
Europe | Warehouse rent and storage      
Disaggregation of Revenue [Line Items]      
Total revenues 73,719 81,176 77,017
Europe | Warehouse services      
Disaggregation of Revenue [Line Items]      
Total revenues 102,731 100,966 118,152
Europe | Transportation      
Disaggregation of Revenue [Line Items]      
Total revenues 59,122 76,631 125,055
Europe | Third-party managed      
Disaggregation of Revenue [Line Items]      
Total revenues 0 0 0
Asia Pacific      
Disaggregation of Revenue [Line Items]      
Total revenues 282,855 265,385 262,126
Lease revenue 2,374 2,563 0
Total revenues 285,229 267,948 262,126
Asia Pacific | Warehouse rent and storage      
Disaggregation of Revenue [Line Items]      
Total revenues 75,037 71,438 67,622
Asia Pacific | Warehouse services      
Disaggregation of Revenue [Line Items]      
Total revenues 144,118 136,496 141,557
Asia Pacific | Transportation      
Disaggregation of Revenue [Line Items]      
Total revenues 39,169 34,718 31,551
Asia Pacific | Third-party managed      
Disaggregation of Revenue [Line Items]      
Total revenues 24,531 22,733 21,396
South America      
Disaggregation of Revenue [Line Items]      
Total revenues 16,909 15,299 17,399
Lease revenue 0 0 0
Total revenues 16,909 15,299 17,399
South America | Warehouse rent and storage      
Disaggregation of Revenue [Line Items]      
Total revenues 8,380 7,758 9,587
South America | Warehouse services      
Disaggregation of Revenue [Line Items]      
Total revenues 5,706 4,975 5,729
South America | Transportation      
Disaggregation of Revenue [Line Items]      
Total revenues 2,823 2,566 2,083
South America | Third-party managed      
Disaggregation of Revenue [Line Items]      
Total revenues $ 0 $ 0 $ 0
v3.25.0.1
Revenue from Contracts with Customers - Performance Obligations, Narrative (Details)
$ in Billions
 12 Months Ended
Dec. 31, 2024
USD ($)
Disaggregation of Revenue [Line Items]  
Variable consideration, percentage constrained 100.00%
Unsatisfied performance obligation $ 1.4
Minimum  
Disaggregation of Revenue [Line Items]  
Payment terms 0 years
Maximum  
Disaggregation of Revenue [Line Items]  
Payment terms 30 days
v3.25.0.1
Revenue from Contracts with Customers - Performance Obligations, Expected Timing of Recognition, Narrative (Details)
Dec. 31, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Performance obligation, percentage of revenue 24.00%
Performance obligation, period for recognition 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Performance obligation, percentage of revenue 76.00%
Performance obligation, period for recognition 13 years 7 months 6 days
v3.25.0.1
Revenue from Contracts with Customers - Contract Balances, Narrative (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]    
Receivables from contracts with customers $ 381,000 $ 420,200
Unearned revenues $ 21,979 $ 28,379
Revenue satisfaction of monthly storage and handling services 30 days  
v3.25.0.1
Schedule III - Real Estate and Accumulated Depreciation (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
building
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 760,214
Initial Costs, Buildings and Improvements 3,741,138
Costs Capitalized Subsequent to Acquisition 781,851
Gross amount, Land 806,981
Gross amount, Buildings and Improvements 4,987,472
Gross amount 5,794,453
Assets Not Under Construction  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Encumbrances 0
Initial Costs, Land 760,214
Initial Costs, Buildings and Improvements 3,741,138
Costs Capitalized Subsequent to Acquisition 781,851
Gross amount, Land 806,981
Gross amount, Buildings and Improvements 4,476,222
Gross amount 5,283,203
Accumulated depreciation and depletion $ (1,441,166)
Assets Not Under Construction | 401 Kentile, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 6,251
Initial Costs, Buildings and Improvements 21,644
Costs Capitalized Subsequent to Acquisition 395
Gross amount, Land 6,254
Gross amount, Buildings and Improvements 22,036
Gross amount 28,290
Accumulated depreciation and depletion $ (2,613)
Assets Not Under Construction | 501 Kentile, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 6,440
Initial Costs, Buildings and Improvements 46,094
Costs Capitalized Subsequent to Acquisition 1,515
Gross amount, Land 7,585
Gross amount, Buildings and Improvements 46,464
Gross amount 54,049
Accumulated depreciation and depletion $ (6,327)
Assets Not Under Construction | 601 Kentile, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 8,160
Initial Costs, Buildings and Improvements 47,277
Costs Capitalized Subsequent to Acquisition 1,474
Gross amount, Land 8,160
Gross amount, Buildings and Improvements 48,751
Gross amount 56,911
Accumulated depreciation and depletion $ (5,957)
Assets Not Under Construction | Albertville, AL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,251
Initial Costs, Buildings and Improvements 12,385
Costs Capitalized Subsequent to Acquisition 2,144
Gross amount, Land 1,381
Gross amount, Buildings and Improvements 14,399
Gross amount 15,780
Accumulated depreciation and depletion $ (7,791)
Assets Not Under Construction | Allentown, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 5,780
Initial Costs, Buildings and Improvements 47,807
Costs Capitalized Subsequent to Acquisition 10,480
Gross amount, Land 7,161
Gross amount, Buildings and Improvements 56,906
Gross amount 64,067
Accumulated depreciation and depletion $ (31,931)
Assets Not Under Construction | Amarillo, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 871
Initial Costs, Buildings and Improvements 4,473
Costs Capitalized Subsequent to Acquisition 1,849
Gross amount, Land 942
Gross amount, Buildings and Improvements 6,251
Gross amount 7,193
Accumulated depreciation and depletion $ (3,594)
Assets Not Under Construction | Anaheim, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 9,509
Initial Costs, Buildings and Improvements 16,810
Costs Capitalized Subsequent to Acquisition 4,624
Gross amount, Land 9,534
Gross amount, Buildings and Improvements 21,409
Gross amount 30,943
Accumulated depreciation and depletion $ (12,836)
Assets Not Under Construction | Appleton, WI  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 200
Initial Costs, Buildings and Improvements 5,022
Costs Capitalized Subsequent to Acquisition 12,048
Gross amount, Land 916
Gross amount, Buildings and Improvements 16,354
Gross amount 17,270
Accumulated depreciation and depletion $ (7,386)
Assets Not Under Construction | Atlanta - East Point, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,884
Initial Costs, Buildings and Improvements 3,621
Costs Capitalized Subsequent to Acquisition 4,465
Gross amount, Land 2,118
Gross amount, Buildings and Improvements 7,852
Gross amount 9,970
Accumulated depreciation and depletion $ (4,744)
Assets Not Under Construction | Atlanta - Empire, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,610
Initial Costs, Buildings and Improvements 11,866
Costs Capitalized Subsequent to Acquisition 1,389
Gross amount, Land 1,610
Gross amount, Buildings and Improvements 13,255
Gross amount 14,865
Accumulated depreciation and depletion $ (2,469)
Assets Not Under Construction | Atlanta - Gateway, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 3,271
Initial Costs, Buildings and Improvements 35,226
Costs Capitalized Subsequent to Acquisition 48,580
Gross amount, Land 5,045
Gross amount, Buildings and Improvements 82,032
Gross amount 87,077
Accumulated depreciation and depletion $ (16,756)
Assets Not Under Construction | Atlanta - Pleasantdale, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 11,960
Initial Costs, Buildings and Improvements 70,814
Costs Capitalized Subsequent to Acquisition 5,622
Gross amount, Land 14,683
Gross amount, Buildings and Improvements 73,713
Gross amount 88,396
Accumulated depreciation and depletion $ (11,872)
Assets Not Under Construction | Atlanta - Skygate, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,851
Initial Costs, Buildings and Improvements 12,731
Costs Capitalized Subsequent to Acquisition 2,921
Gross amount, Land 2,433
Gross amount, Buildings and Improvements 15,070
Gross amount 17,503
Accumulated depreciation and depletion $ (6,704)
Assets Not Under Construction | Atlanta - Southgate, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,623
Initial Costs, Buildings and Improvements 17,652
Costs Capitalized Subsequent to Acquisition 5,107
Gross amount, Land 2,646
Gross amount, Buildings and Improvements 21,736
Gross amount 24,382
Accumulated depreciation and depletion $ (10,152)
Assets Not Under Construction | Atlanta - Tradewater, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 36,966
Costs Capitalized Subsequent to Acquisition 11,426
Gross amount, Land 8,491
Gross amount, Buildings and Improvements 39,901
Gross amount 48,392
Accumulated depreciation and depletion $ (16,241)
Assets Not Under Construction | Atlanta - Westgate, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,270
Initial Costs, Buildings and Improvements 24,659
Costs Capitalized Subsequent to Acquisition 2,346
Gross amount, Land 3,387
Gross amount, Buildings and Improvements 25,888
Gross amount 29,275
Accumulated depreciation and depletion $ (14,317)
Assets Not Under Construction | Atlanta, GA - Corporate  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 0
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 365
Costs Capitalized Subsequent to Acquisition 41,551
Gross amount, Buildings and Improvements 41,935
Gross amount 41,916
Accumulated depreciation and depletion $ (13,387)
Assets Not Under Construction | Augusta, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,678
Initial Costs, Buildings and Improvements 1,943
Costs Capitalized Subsequent to Acquisition 1,543
Gross amount, Land 2,843
Gross amount, Buildings and Improvements 3,321
Gross amount 6,164
Accumulated depreciation and depletion $ (2,309)
Assets Not Under Construction | Babcock, WI  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 852
Initial Costs, Buildings and Improvements 8,916
Costs Capitalized Subsequent to Acquisition 344
Gross amount, Land 903
Gross amount, Buildings and Improvements 9,209
Gross amount 10,112
Accumulated depreciation and depletion $ (4,117)
Assets Not Under Construction | Belvidere-Imron, IL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,000
Initial Costs, Buildings and Improvements 11,989
Costs Capitalized Subsequent to Acquisition 4,572
Gross amount, Land 2,622
Gross amount, Buildings and Improvements 15,939
Gross amount 18,561
Accumulated depreciation and depletion $ (9,111)
Assets Not Under Construction | Belvidere-Landmark, IL (Cross Dock)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1
Initial Costs, Buildings and Improvements 2,117
Costs Capitalized Subsequent to Acquisition 458
Gross amount, Land 5
Gross amount, Buildings and Improvements 2,571
Gross amount 2,576
Accumulated depreciation and depletion $ (2,405)
Assets Not Under Construction | Benson, NC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,660
Initial Costs, Buildings and Improvements 35,825
Costs Capitalized Subsequent to Acquisition 318
Gross amount, Land 3,660
Gross amount, Buildings and Improvements 36,143
Gross amount 39,803
Accumulated depreciation and depletion $ (7,323)
Assets Not Under Construction | Benson Hodges, NC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 1,198
Costs Capitalized Subsequent to Acquisition 1,578
Gross amount, Land 10
Gross amount, Buildings and Improvements 2,766
Gross amount 2,776
Accumulated depreciation and depletion $ (655)
Assets Not Under Construction | Birmingham, AL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,002
Initial Costs, Buildings and Improvements 957
Costs Capitalized Subsequent to Acquisition 3,061
Gross amount, Land 1,282
Gross amount, Buildings and Improvements 3,738
Gross amount 5,020
Accumulated depreciation and depletion $ (1,750)
Assets Not Under Construction | Brea, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 4,645
Initial Costs, Buildings and Improvements 5,891
Costs Capitalized Subsequent to Acquisition 4,496
Gross amount, Land 4,776
Gross amount, Buildings and Improvements 10,256
Gross amount 15,032
Accumulated depreciation and depletion $ (3,956)
Assets Not Under Construction | Bridgewater, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 6,350
Initial Costs, Buildings and Improvements 13,472
Costs Capitalized Subsequent to Acquisition 482
Gross amount, Land 6,537
Gross amount, Buildings and Improvements 13,767
Gross amount 20,304
Accumulated depreciation and depletion $ (2,025)
Assets Not Under Construction | Brighton (Denver 2), CO  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,933
Initial Costs, Buildings and Improvements 33,913
Costs Capitalized Subsequent to Acquisition 987
Gross amount, Land 3,936
Gross amount, Buildings and Improvements 34,897
Gross amount 38,833
Accumulated depreciation and depletion $ (3,372)
Assets Not Under Construction | Brooklyn Park, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,600
Initial Costs, Buildings and Improvements 8,951
Costs Capitalized Subsequent to Acquisition 1,803
Gross amount, Land 1,600
Gross amount, Buildings and Improvements 10,754
Gross amount 12,354
Accumulated depreciation and depletion $ (6,283)
Assets Not Under Construction | Burley, ID  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 16,136
Costs Capitalized Subsequent to Acquisition 5,543
Gross amount, Land 219
Gross amount, Buildings and Improvements 21,460
Gross amount 21,679
Accumulated depreciation and depletion $ (18,012)
Assets Not Under Construction | Burlington, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 3
Encumbrances $ 0
Initial Costs, Land 694
Initial Costs, Buildings and Improvements 6,108
Costs Capitalized Subsequent to Acquisition 3,325
Gross amount, Land 825
Gross amount, Buildings and Improvements 9,302
Gross amount 10,127
Accumulated depreciation and depletion $ (5,447)
Assets Not Under Construction | Carson, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 9,100
Initial Costs, Buildings and Improvements 13,731
Costs Capitalized Subsequent to Acquisition 2,261
Gross amount, Land 9,152
Gross amount, Buildings and Improvements 15,940
Gross amount 25,092
Accumulated depreciation and depletion $ (7,295)
Assets Not Under Construction | Cartersville, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,500
Initial Costs, Buildings and Improvements 8,505
Costs Capitalized Subsequent to Acquisition 1,852
Gross amount, Land 1,620
Gross amount, Buildings and Improvements 10,237
Gross amount 11,857
Accumulated depreciation and depletion $ (5,646)
Assets Not Under Construction | Carthage Warehouse Dist, MO  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 61,446
Initial Costs, Buildings and Improvements 33,878
Costs Capitalized Subsequent to Acquisition 10,149
Gross amount, Land 63,045
Gross amount, Buildings and Improvements 42,428
Gross amount 105,473
Accumulated depreciation and depletion $ (26,915)
Assets Not Under Construction | Chambersburg, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,368
Initial Costs, Buildings and Improvements 15,868
Costs Capitalized Subsequent to Acquisition 929
Gross amount, Land 1,389
Gross amount, Buildings and Improvements 16,776
Gross amount 18,165
Accumulated depreciation and depletion $ (3,791)
Assets Not Under Construction | Charlotte, NC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 1,160
Costs Capitalized Subsequent to Acquisition 569
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,729
Gross amount 1,729
Accumulated depreciation and depletion $ (464)
Assets Not Under Construction | Chesapeake, VA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,740
Initial Costs, Buildings and Improvements 13,452
Costs Capitalized Subsequent to Acquisition 20,222
Gross amount, Land 3,001
Gross amount, Buildings and Improvements 33,413
Gross amount 36,414
Accumulated depreciation and depletion $ (6,116)
Assets Not Under Construction | Chillicothe, MO  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 670
Initial Costs, Buildings and Improvements 44,905
Costs Capitalized Subsequent to Acquisition 396
Gross amount, Land 670
Gross amount, Buildings and Improvements 45,301
Gross amount 45,971
Accumulated depreciation and depletion $ (8,351)
Assets Not Under Construction | City of Industry, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 1,455
Costs Capitalized Subsequent to Acquisition 2,819
Gross amount, Land 257
Gross amount, Buildings and Improvements 4,017
Gross amount 4,274
Accumulated depreciation and depletion $ (3,750)
Assets Not Under Construction | Clearfield, UT  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 3,687
Initial Costs, Buildings and Improvements 36,514
Costs Capitalized Subsequent to Acquisition 9,262
Gross amount, Land 3,810
Gross amount, Buildings and Improvements 45,653
Gross amount 49,463
Accumulated depreciation and depletion $ (18,641)
Assets Not Under Construction | Columbia, SC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 768
Initial Costs, Buildings and Improvements 1,429
Costs Capitalized Subsequent to Acquisition 1,545
Gross amount, Land 904
Gross amount, Buildings and Improvements 2,838
Gross amount 3,742
Accumulated depreciation and depletion $ (1,718)
Assets Not Under Construction | Columbus, OH  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,440
Initial Costs, Buildings and Improvements 38,939
Costs Capitalized Subsequent to Acquisition 6,736
Gross amount, Land 2,908
Gross amount, Buildings and Improvements 45,207
Gross amount 48,115
Accumulated depreciation and depletion $ (7,500)
Assets Not Under Construction | Connell, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 497
Initial Costs, Buildings and Improvements 8,728
Costs Capitalized Subsequent to Acquisition 1,441
Gross amount, Land 570
Gross amount, Buildings and Improvements 10,096
Gross amount 10,666
Accumulated depreciation and depletion $ (5,535)
Assets Not Under Construction | Dallas (Catron), TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,468
Initial Costs, Buildings and Improvements 14,385
Costs Capitalized Subsequent to Acquisition 14,404
Gross amount, Land 3,380
Gross amount, Buildings and Improvements 26,877
Gross amount 30,257
Accumulated depreciation and depletion $ (12,387)
Assets Not Under Construction | Delhi, LA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 539
Initial Costs, Buildings and Improvements 12,228
Costs Capitalized Subsequent to Acquisition 704
Gross amount, Land 587
Gross amount, Buildings and Improvements 12,884
Gross amount 13,471
Accumulated depreciation and depletion $ (9,827)
Assets Not Under Construction | Dominguez Hills, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 11,149
Initial Costs, Buildings and Improvements 10,894
Costs Capitalized Subsequent to Acquisition 3,716
Gross amount, Land 11,163
Gross amount, Buildings and Improvements 14,596
Gross amount 25,759
Accumulated depreciation and depletion $ (7,353)
Assets Not Under Construction | Douglas, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 400
Initial Costs, Buildings and Improvements 2,080
Costs Capitalized Subsequent to Acquisition 4,997
Gross amount, Land 486
Gross amount, Buildings and Improvements 6,991
Gross amount 7,477
Accumulated depreciation and depletion $ (2,485)
Assets Not Under Construction | Dunkirk, NY  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,465
Initial Costs, Buildings and Improvements 27,379
Costs Capitalized Subsequent to Acquisition 468
Gross amount, Land 1,465
Gross amount, Buildings and Improvements 27,847
Gross amount 29,312
Accumulated depreciation and depletion $ (2,711)
Assets Not Under Construction | Eagan, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 6,050
Initial Costs, Buildings and Improvements 49,441
Costs Capitalized Subsequent to Acquisition 619
Gross amount, Land 6,050
Gross amount, Buildings and Improvements 50,060
Gross amount 56,110
Accumulated depreciation and depletion $ (9,248)
Assets Not Under Construction | East Dubuque, IL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 722
Initial Costs, Buildings and Improvements 13,764
Costs Capitalized Subsequent to Acquisition 1,274
Gross amount, Land 768
Gross amount, Buildings and Improvements 14,992
Gross amount 15,760
Accumulated depreciation and depletion $ (6,681)
Assets Not Under Construction | Edison, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 1,390
Costs Capitalized Subsequent to Acquisition 1,226
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,616
Gross amount 2,616
Accumulated depreciation and depletion $ (1,315)
Assets Not Under Construction | Fairfield, OH  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,880
Initial Costs, Buildings and Improvements 20,849
Costs Capitalized Subsequent to Acquisition 1,039
Gross amount, Land 1,880
Gross amount, Buildings and Improvements 21,888
Gross amount 23,768
Accumulated depreciation and depletion $ (4,451)
Assets Not Under Construction | Fairmont, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,650
Initial Costs, Buildings and Improvements 13,738
Costs Capitalized Subsequent to Acquisition 134
Gross amount, Land 1,682
Gross amount, Buildings and Improvements 13,840
Gross amount 15,522
Accumulated depreciation and depletion $ (2,668)
Assets Not Under Construction | Fairmont City, IL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,430
Initial Costs, Buildings and Improvements 9,087
Costs Capitalized Subsequent to Acquisition 1,088
Gross amount, Land 2,451
Gross amount, Buildings and Improvements 10,154
Gross amount 12,605
Accumulated depreciation and depletion $ (1,346)
Assets Not Under Construction | Forest, MS  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 733
Costs Capitalized Subsequent to Acquisition 1,800
Gross amount, Land 10
Gross amount, Buildings and Improvements 2,523
Gross amount 2,533
Accumulated depreciation and depletion $ (559)
Assets Not Under Construction | Fort Dodge, IA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,022
Initial Costs, Buildings and Improvements 7,162
Costs Capitalized Subsequent to Acquisition 1,406
Gross amount, Land 1,226
Gross amount, Buildings and Improvements 8,364
Gross amount 9,590
Accumulated depreciation and depletion $ (4,621)
Assets Not Under Construction | Fort Smith, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 308
Initial Costs, Buildings and Improvements 2,231
Costs Capitalized Subsequent to Acquisition 3,095
Gross amount, Land 342
Gross amount, Buildings and Improvements 5,292
Gross amount 5,634
Accumulated depreciation and depletion $ (2,332)
Assets Not Under Construction | Fort Smith (Hwy 45), AR CL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,245
Initial Costs, Buildings and Improvements 51,998
Costs Capitalized Subsequent to Acquisition 1,130
Gross amount, Land 2,906
Gross amount, Buildings and Improvements 52,467
Gross amount 55,373
Accumulated depreciation and depletion $ (9,824)
Assets Not Under Construction | Fremont, NE  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 629
Initial Costs, Buildings and Improvements 3,109
Costs Capitalized Subsequent to Acquisition 6,596
Gross amount, Land 691
Gross amount, Buildings and Improvements 9,643
Gross amount 10,334
Accumulated depreciation and depletion $ (6,198)
Assets Not Under Construction | Fort Worth-Blue Mound, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,700
Initial Costs, Buildings and Improvements 5,055
Costs Capitalized Subsequent to Acquisition 1,874
Gross amount, Land 1,717
Gross amount, Buildings and Improvements 6,912
Gross amount 8,629
Accumulated depreciation and depletion $ (3,153)
Assets Not Under Construction | Ft. Worth, TX (Meacham)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 5,610
Initial Costs, Buildings and Improvements 24,686
Costs Capitalized Subsequent to Acquisition 5,504
Gross amount, Land 6,241
Gross amount, Buildings and Improvements 29,559
Gross amount 35,800
Accumulated depreciation and depletion $ (15,184)
Assets Not Under Construction | Ft. Worth, TX (Railhead)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,857
Initial Costs, Buildings and Improvements 8,536
Costs Capitalized Subsequent to Acquisition 2,084
Gross amount, Land 2,129
Gross amount, Buildings and Improvements 10,348
Gross amount 12,477
Accumulated depreciation and depletion $ (5,248)
Assets Not Under Construction | Fort Worth-Samuels, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 1,985
Initial Costs, Buildings and Improvements 13,447
Costs Capitalized Subsequent to Acquisition 6,621
Gross amount, Land 2,884
Gross amount, Buildings and Improvements 19,169
Gross amount 22,053
Accumulated depreciation and depletion $ (10,017)
Assets Not Under Construction | Gadsden, AL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 100
Initial Costs, Buildings and Improvements 9,820
Costs Capitalized Subsequent to Acquisition (40)
Gross amount, Land 388
Gross amount, Buildings and Improvements 9,492
Gross amount 9,880
Accumulated depreciation and depletion $ (5,312)
Assets Not Under Construction | Gaffney, SC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,000
Initial Costs, Buildings and Improvements 3,263
Costs Capitalized Subsequent to Acquisition 381
Gross amount, Land 1,005
Gross amount, Buildings and Improvements 3,639
Gross amount 4,644
Accumulated depreciation and depletion $ (1,979)
Assets Not Under Construction | Gainesville, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 400
Initial Costs, Buildings and Improvements 5,704
Costs Capitalized Subsequent to Acquisition 1,808
Gross amount, Land 434
Gross amount, Buildings and Improvements 7,478
Gross amount 7,912
Accumulated depreciation and depletion $ (3,992)
Assets Not Under Construction | Gainesville Candler, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 716
Initial Costs, Buildings and Improvements 3,258
Costs Capitalized Subsequent to Acquisition 1,535
Gross amount, Land 799
Gross amount, Buildings and Improvements 4,710
Gross amount 5,509
Accumulated depreciation and depletion $ (1,473)
Assets Not Under Construction | Garden City, KS  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 446
Initial Costs, Buildings and Improvements 4,721
Costs Capitalized Subsequent to Acquisition 2,726
Gross amount, Land 446
Gross amount, Buildings and Improvements 7,447
Gross amount 7,893
Accumulated depreciation and depletion $ (3,507)
Assets Not Under Construction | Geneva Lakes, WI  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,579
Initial Costs, Buildings and Improvements 36,020
Costs Capitalized Subsequent to Acquisition 5,331
Gross amount, Land 2,562
Gross amount, Buildings and Improvements 40,368
Gross amount 42,930
Accumulated depreciation and depletion $ (18,257)
Assets Not Under Construction | Gloucester - Rogers, MA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,683
Initial Costs, Buildings and Improvements 3,675
Costs Capitalized Subsequent to Acquisition 8,390
Gross amount, Land 1,835
Gross amount, Buildings and Improvements 11,913
Gross amount 13,748
Accumulated depreciation and depletion $ (4,052)
Assets Not Under Construction | Gloucester - Rowe, MA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,146
Initial Costs, Buildings and Improvements 2,833
Costs Capitalized Subsequent to Acquisition 14,160
Gross amount, Land 1,766
Gross amount, Buildings and Improvements 16,373
Gross amount 18,139
Accumulated depreciation and depletion $ (6,784)
Assets Not Under Construction | Gouldsboro, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 4,224
Initial Costs, Buildings and Improvements 29,473
Costs Capitalized Subsequent to Acquisition 4,083
Gross amount, Land 5,400
Gross amount, Buildings and Improvements 32,380
Gross amount 37,780
Accumulated depreciation and depletion $ (14,343)
Assets Not Under Construction | Goldsboro Commerce, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 594
Costs Capitalized Subsequent to Acquisition 1,513
Gross amount, Land 98
Gross amount, Buildings and Improvements 2,009
Gross amount 2,107
Accumulated depreciation and depletion $ (477)
Assets Not Under Construction | Grand Island, NE  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 430
Initial Costs, Buildings and Improvements 6,542
Costs Capitalized Subsequent to Acquisition 3,355
Gross amount, Land 530
Gross amount, Buildings and Improvements 9,797
Gross amount 10,327
Accumulated depreciation and depletion $ (2,823)
Assets Not Under Construction | Grand Prairie, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 22
Costs Capitalized Subsequent to Acquisition 82
Gross amount, Land 0
Gross amount, Buildings and Improvements 104
Gross amount 104
Accumulated depreciation and depletion $ (50)
Assets Not Under Construction | Green Bay, WI  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 2,028
Costs Capitalized Subsequent to Acquisition 21,839
Gross amount, Land 8,320
Gross amount, Buildings and Improvements 15,547
Gross amount 23,867
Accumulated depreciation and depletion $ (4,363)
Assets Not Under Construction | Greenville, SC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 200
Initial Costs, Buildings and Improvements 1,108
Costs Capitalized Subsequent to Acquisition 430
Gross amount, Land 203
Gross amount, Buildings and Improvements 1,535
Gross amount 1,738
Accumulated depreciation and depletion $ (1,333)
Assets Not Under Construction | Hatfield, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 5,002
Initial Costs, Buildings and Improvements 28,286
Costs Capitalized Subsequent to Acquisition 10,559
Gross amount, Land 5,827
Gross amount, Buildings and Improvements 38,020
Gross amount 43,847
Accumulated depreciation and depletion $ (20,693)
Assets Not Under Construction | Hattiesburg, MS  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 486
Costs Capitalized Subsequent to Acquisition 444
Gross amount, Land 13
Gross amount, Buildings and Improvements 917
Gross amount 930
Accumulated depreciation and depletion $ (221)
Assets Not Under Construction | Henderson, NV  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 9,043
Initial Costs, Buildings and Improvements 14,415
Costs Capitalized Subsequent to Acquisition 5,501
Gross amount, Land 9,080
Gross amount, Buildings and Improvements 19,879
Gross amount 28,959
Accumulated depreciation and depletion $ (7,758)
Assets Not Under Construction | Hermiston, OR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,322
Initial Costs, Buildings and Improvements 7,107
Costs Capitalized Subsequent to Acquisition 794
Gross amount, Land 1,419
Gross amount, Buildings and Improvements 7,804
Gross amount 9,223
Accumulated depreciation and depletion $ (4,080)
Assets Not Under Construction | Houston, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,454
Initial Costs, Buildings and Improvements 10,084
Costs Capitalized Subsequent to Acquisition 2,137
Gross amount, Land 1,531
Gross amount, Buildings and Improvements 12,144
Gross amount 13,675
Accumulated depreciation and depletion $ (5,467)
Assets Not Under Construction | Indianapolis, IN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 4
Encumbrances $ 0
Initial Costs, Land 1,897
Initial Costs, Buildings and Improvements 18,991
Costs Capitalized Subsequent to Acquisition 23,680
Gross amount, Land 4,516
Gross amount, Buildings and Improvements 40,052
Gross amount 44,568
Accumulated depreciation and depletion $ (19,867)
Assets Not Under Construction | Jefferson, WI  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 1,553
Initial Costs, Buildings and Improvements 19,805
Costs Capitalized Subsequent to Acquisition 2,779
Gross amount, Land 1,887
Gross amount, Buildings and Improvements 22,250
Gross amount 24,137
Accumulated depreciation and depletion $ (12,228)
Assets Not Under Construction | Johnson, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 6,159
Initial Costs, Buildings and Improvements 24,802
Costs Capitalized Subsequent to Acquisition 1,499
Gross amount, Land 6,384
Gross amount, Buildings and Improvements 26,076
Gross amount 32,460
Accumulated depreciation and depletion $ (6,818)
Assets Not Under Construction | Lakeville, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 4,000
Initial Costs, Buildings and Improvements 47,790
Costs Capitalized Subsequent to Acquisition 464
Gross amount, Land 4,013
Gross amount, Buildings and Improvements 48,241
Gross amount 52,254
Accumulated depreciation and depletion $ (9,273)
Assets Not Under Construction | Lancaster, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,203
Initial Costs, Buildings and Improvements 15,670
Costs Capitalized Subsequent to Acquisition 1,592
Gross amount, Land 2,371
Gross amount, Buildings and Improvements 17,094
Gross amount 19,465
Accumulated depreciation and depletion $ (7,779)
Assets Not Under Construction | LaPorte, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,945
Initial Costs, Buildings and Improvements 19,263
Costs Capitalized Subsequent to Acquisition 5,763
Gross amount, Land 3,502
Gross amount, Buildings and Improvements 24,469
Gross amount 27,971
Accumulated depreciation and depletion $ (11,427)
Assets Not Under Construction | Le Mars, IA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,000
Initial Costs, Buildings and Improvements 12,596
Costs Capitalized Subsequent to Acquisition 1,363
Gross amount, Land 1,100
Gross amount, Buildings and Improvements 13,859
Gross amount 14,959
Accumulated depreciation and depletion $ (3,012)
Assets Not Under Construction | Lebanon, TN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 883
Costs Capitalized Subsequent to Acquisition 957
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,840
Gross amount 1,840
Accumulated depreciation and depletion $ (276)
Assets Not Under Construction | Leesport, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,206
Initial Costs, Buildings and Improvements 14,112
Costs Capitalized Subsequent to Acquisition 13,212
Gross amount, Land 1,928
Gross amount, Buildings and Improvements 26,602
Gross amount 28,530
Accumulated depreciation and depletion $ (11,593)
Assets Not Under Construction | Logan Township, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 5,040
Initial Costs, Buildings and Improvements 26,749
Costs Capitalized Subsequent to Acquisition 3,278
Gross amount, Land 5,095
Gross amount, Buildings and Improvements 29,972
Gross amount 35,067
Accumulated depreciation and depletion $ (4,596)
Assets Not Under Construction | Lowell, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,610
Initial Costs, Buildings and Improvements 31,984
Costs Capitalized Subsequent to Acquisition 460
Gross amount, Land 2,912
Gross amount, Buildings and Improvements 32,142
Gross amount 35,054
Accumulated depreciation and depletion $ (7,113)
Assets Not Under Construction | Lula, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,864
Initial Costs, Buildings and Improvements 35,382
Costs Capitalized Subsequent to Acquisition 1,634
Gross amount, Land 4,074
Gross amount, Buildings and Improvements 36,806
Gross amount 40,880
Accumulated depreciation and depletion $ (8,329)
Assets Not Under Construction | Lumberton, NC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 981
Costs Capitalized Subsequent to Acquisition 1,576
Gross amount, Land 10
Gross amount, Buildings and Improvements 2,547
Gross amount 2,557
Accumulated depreciation and depletion $ (537)
Assets Not Under Construction | Lynden, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 5
Encumbrances $ 0
Initial Costs, Land 1,420
Initial Costs, Buildings and Improvements 8,590
Costs Capitalized Subsequent to Acquisition 3,555
Gross amount, Land 1,699
Gross amount, Buildings and Improvements 11,866
Gross amount 13,565
Accumulated depreciation and depletion $ (5,600)
Assets Not Under Construction | Manchester, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,838
Initial Costs, Buildings and Improvements 36,621
Costs Capitalized Subsequent to Acquisition 4,216
Gross amount, Land 5,082
Gross amount, Buildings and Improvements 39,593
Gross amount 44,675
Accumulated depreciation and depletion $ (19,751)
Assets Not Under Construction | Mansfield, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 5,670
Initial Costs, Buildings and Improvements 33,222
Costs Capitalized Subsequent to Acquisition 10
Gross amount, Land 5,670
Gross amount, Buildings and Improvements 33,232
Gross amount 38,902
Accumulated depreciation and depletion $ (5,192)
Assets Not Under Construction | Marshall, MO  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 741
Initial Costs, Buildings and Improvements 10,304
Costs Capitalized Subsequent to Acquisition 1,393
Gross amount, Land 967
Gross amount, Buildings and Improvements 11,471
Gross amount 12,438
Accumulated depreciation and depletion $ (5,715)
Assets Not Under Construction | Massillon 17th, OH  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 175
Initial Costs, Buildings and Improvements 15,322
Costs Capitalized Subsequent to Acquisition 1,481
Gross amount, Land 554
Gross amount, Buildings and Improvements 16,424
Gross amount 16,978
Accumulated depreciation and depletion $ (7,898)
Assets Not Under Construction | Massillon Erie, OH  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 1,988
Costs Capitalized Subsequent to Acquisition 975
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,963
Gross amount 2,963
Accumulated depreciation and depletion $ (2,674)
Assets Not Under Construction | Middleboro, MA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 404
Initial Costs, Buildings and Improvements 15,031
Costs Capitalized Subsequent to Acquisition 192
Gross amount, Land 441
Gross amount, Buildings and Improvements 15,186
Gross amount 15,627
Accumulated depreciation and depletion $ (2,454)
Assets Not Under Construction | Milwaukie, OR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 2,473
Initial Costs, Buildings and Improvements 8,112
Costs Capitalized Subsequent to Acquisition 2,862
Gross amount, Land 2,523
Gross amount, Buildings and Improvements 10,924
Gross amount 13,447
Accumulated depreciation and depletion $ (7,015)
Assets Not Under Construction | Mobile, AL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 10
Initial Costs, Buildings and Improvements 3,203
Costs Capitalized Subsequent to Acquisition 1,941
Gross amount, Land 24
Gross amount, Buildings and Improvements 5,130
Gross amount 5,154
Accumulated depreciation and depletion $ (2,386)
Assets Not Under Construction | Modesto, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 6
Encumbrances $ 0
Initial Costs, Land 2,428
Initial Costs, Buildings and Improvements 19,594
Costs Capitalized Subsequent to Acquisition 11,183
Gross amount, Land 3,039
Gross amount, Buildings and Improvements 30,166
Gross amount 33,205
Accumulated depreciation and depletion $ (14,877)
Assets Not Under Construction | Monmouth, IL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,660
Initial Costs, Buildings and Improvements 48,348
Costs Capitalized Subsequent to Acquisition 621
Gross amount, Land 2,702
Gross amount, Buildings and Improvements 48,927
Gross amount 51,629
Accumulated depreciation and depletion $ (7,847)
Assets Not Under Construction | Montgomery, AL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 850
Initial Costs, Buildings and Improvements 7,746
Costs Capitalized Subsequent to Acquisition 1,330
Gross amount, Land 1,505
Gross amount, Buildings and Improvements 8,421
Gross amount 9,926
Accumulated depreciation and depletion $ (4,641)
Assets Not Under Construction | Moses Lake, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 575
Initial Costs, Buildings and Improvements 11,046
Costs Capitalized Subsequent to Acquisition 3,999
Gross amount, Land 1,363
Gross amount, Buildings and Improvements 14,257
Gross amount 15,620
Accumulated depreciation and depletion $ (7,446)
Assets Not Under Construction | Mountville, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 69,409
Costs Capitalized Subsequent to Acquisition 6,470
Gross amount, Land 0
Gross amount, Buildings and Improvements 75,879
Gross amount 75,879
Accumulated depreciation and depletion $ (5,309)
Assets Not Under Construction | Mullica Hill, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 6,030
Initial Costs, Buildings and Improvements 27,266
Costs Capitalized Subsequent to Acquisition 230
Gross amount, Land 6,081
Gross amount, Buildings and Improvements 27,445
Gross amount 33,526
Accumulated depreciation and depletion $ (4,895)
Assets Not Under Construction | Murfreesboro, TN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,094
Initial Costs, Buildings and Improvements 10,936
Costs Capitalized Subsequent to Acquisition 4,331
Gross amount, Land 1,346
Gross amount, Buildings and Improvements 15,015
Gross amount 16,361
Accumulated depreciation and depletion $ (8,879)
Assets Not Under Construction | Nampa, ID  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 4
Encumbrances $ 0
Initial Costs, Land 1,588
Initial Costs, Buildings and Improvements 11,864
Costs Capitalized Subsequent to Acquisition 3,830
Gross amount, Land 1,834
Gross amount, Buildings and Improvements 15,448
Gross amount 17,282
Accumulated depreciation and depletion $ (9,653)
Assets Not Under Construction | Napoleon, OH  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,340
Initial Costs, Buildings and Improvements 57,677
Costs Capitalized Subsequent to Acquisition 568
Gross amount, Land 2,350
Gross amount, Buildings and Improvements 58,235
Gross amount 60,585
Accumulated depreciation and depletion $ (10,991)
Assets Not Under Construction | New Ulm, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 7
Encumbrances $ 0
Initial Costs, Land 725
Initial Costs, Buildings and Improvements 10,405
Costs Capitalized Subsequent to Acquisition 2,529
Gross amount, Land 833
Gross amount, Buildings and Improvements 12,826
Gross amount 13,659
Accumulated depreciation and depletion $ (6,355)
Assets Not Under Construction | Newark, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 30,390
Initial Costs, Buildings and Improvements 53,163
Costs Capitalized Subsequent to Acquisition 8,989
Gross amount, Land 30,390
Gross amount, Buildings and Improvements 62,152
Gross amount 92,542
Accumulated depreciation and depletion $ (7,259)
Assets Not Under Construction | Newport, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,383
Initial Costs, Buildings and Improvements 19,877
Costs Capitalized Subsequent to Acquisition 1,548
Gross amount, Land 3,744
Gross amount, Buildings and Improvements 21,064
Gross amount 24,808
Accumulated depreciation and depletion $ (5,308)
Assets Not Under Construction | North Little Rock, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,680
Initial Costs, Buildings and Improvements 12,841
Costs Capitalized Subsequent to Acquisition 15,082
Gross amount, Land 2,236
Gross amount, Buildings and Improvements 27,367
Gross amount 29,603
Accumulated depreciation and depletion $ (5,404)
Assets Not Under Construction | Oklahoma City, OK  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 742
Initial Costs, Buildings and Improvements 2,411
Costs Capitalized Subsequent to Acquisition 2,234
Gross amount, Land 888
Gross amount, Buildings and Improvements 4,499
Gross amount 5,387
Accumulated depreciation and depletion $ (2,483)
Assets Not Under Construction | Ontario, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 3
Encumbrances $ 0
Initial Costs, Land 14,673
Initial Costs, Buildings and Improvements 3,632
Costs Capitalized Subsequent to Acquisition 29,321
Gross amount, Land 14,777
Gross amount, Buildings and Improvements 32,849
Gross amount 47,626
Accumulated depreciation and depletion $ (19,149)
Assets Not Under Construction | Ontario, OR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 4
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 13,791
Costs Capitalized Subsequent to Acquisition 10,126
Gross amount, Land 1,329
Gross amount, Buildings and Improvements 22,588
Gross amount 23,917
Accumulated depreciation and depletion $ (18,399)
Assets Not Under Construction | Oxford  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,820
Initial Costs, Buildings and Improvements 10,083
Costs Capitalized Subsequent to Acquisition 760
Gross amount, Land 1,828
Gross amount, Buildings and Improvements 10,835
Gross amount 12,663
Accumulated depreciation and depletion $ (1,784)
Assets Not Under Construction | Pasco, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 557
Initial Costs, Buildings and Improvements 15,809
Costs Capitalized Subsequent to Acquisition 746
Gross amount, Land 638
Gross amount, Buildings and Improvements 16,474
Gross amount 17,112
Accumulated depreciation and depletion $ (7,520)
Assets Not Under Construction | Pedricktown, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 4,670
Initial Costs, Buildings and Improvements 35,584
Costs Capitalized Subsequent to Acquisition 2,023
Gross amount, Land 4,757
Gross amount, Buildings and Improvements 37,520
Gross amount 42,277
Accumulated depreciation and depletion $ (6,141)
Assets Not Under Construction | Pendergrass, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 500
Initial Costs, Buildings and Improvements 12,810
Costs Capitalized Subsequent to Acquisition 4,084
Gross amount, Land 875
Gross amount, Buildings and Improvements 16,519
Gross amount 17,394
Accumulated depreciation and depletion $ (9,646)
Assets Not Under Construction | Perryville, MD  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,626
Initial Costs, Buildings and Improvements 19,083
Costs Capitalized Subsequent to Acquisition 5,708
Gross amount, Land 5,873
Gross amount, Buildings and Improvements 20,544
Gross amount 26,417
Accumulated depreciation and depletion $ (3,881)
Assets Not Under Construction | Phoenix2, AZ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,182
Initial Costs, Buildings and Improvements 11,312
Costs Capitalized Subsequent to Acquisition 371
Gross amount, Land 3,182
Gross amount, Buildings and Improvements 11,683
Gross amount 14,865
Accumulated depreciation and depletion $ (4,195)
Assets Not Under Construction | Piedmont, SC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 500
Initial Costs, Buildings and Improvements 9,883
Costs Capitalized Subsequent to Acquisition 1,826
Gross amount, Land 557
Gross amount, Buildings and Improvements 11,652
Gross amount 12,209
Accumulated depreciation and depletion $ (6,598)
Assets Not Under Construction | Piscataway 120, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 106
Costs Capitalized Subsequent to Acquisition 288
Gross amount, Land 0
Gross amount, Buildings and Improvements 394
Gross amount 394
Accumulated depreciation and depletion $ (185)
Assets Not Under Construction | Piscataway 5 Access, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 3,952
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 3,952
Gross amount 3,952
Accumulated depreciation and depletion $ (1,303)
Assets Not Under Construction | Plover, WI  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,390
Initial Costs, Buildings and Improvements 18,298
Costs Capitalized Subsequent to Acquisition 7,399
Gross amount, Land 2,654
Gross amount, Buildings and Improvements 24,433
Gross amount 27,087
Accumulated depreciation and depletion $ (13,618)
Assets Not Under Construction | Portland, ME  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 305
Initial Costs, Buildings and Improvements 2,402
Costs Capitalized Subsequent to Acquisition 1,400
Gross amount, Land 385
Gross amount, Buildings and Improvements 3,722
Gross amount 4,107
Accumulated depreciation and depletion $ (1,772)
Assets Not Under Construction | Rochelle, IL (Americold Drive)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,860
Initial Costs, Buildings and Improvements 18,178
Costs Capitalized Subsequent to Acquisition 49,710
Gross amount, Land 4,430
Gross amount, Buildings and Improvements 65,318
Gross amount 69,748
Accumulated depreciation and depletion $ (19,361)
Assets Not Under Construction | Rochelle, IL (Caron)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,071
Initial Costs, Buildings and Improvements 36,658
Costs Capitalized Subsequent to Acquisition 2,038
Gross amount, Land 2,356
Gross amount, Buildings and Improvements 38,411
Gross amount 40,767
Accumulated depreciation and depletion $ (19,276)
Assets Not Under Construction | Rockmart  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,520
Initial Costs, Buildings and Improvements 33,336
Costs Capitalized Subsequent to Acquisition 4,236
Gross amount, Land 4,697
Gross amount, Buildings and Improvements 36,395
Gross amount 41,092
Accumulated depreciation and depletion $ (5,963)
Assets Not Under Construction | Russellville, AR - Valley  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 708
Initial Costs, Buildings and Improvements 15,832
Costs Capitalized Subsequent to Acquisition 4,050
Gross amount, Land 759
Gross amount, Buildings and Improvements 19,831
Gross amount 20,590
Accumulated depreciation and depletion $ (9,141)
Assets Not Under Construction | Russellville, AR - Cloverleaf (Rt. 324)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,467
Initial Costs, Buildings and Improvements 29,179
Costs Capitalized Subsequent to Acquisition 374
Gross amount, Land 2,622
Gross amount, Buildings and Improvements 29,398
Gross amount 32,020
Accumulated depreciation and depletion $ (6,186)
Assets Not Under Construction | Russellville, AR - Elmira  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,369
Initial Costs, Buildings and Improvements 50,749
Costs Capitalized Subsequent to Acquisition 3,658
Gross amount, Land 1,561
Gross amount, Buildings and Improvements 54,215
Gross amount 55,776
Accumulated depreciation and depletion $ (12,291)
Assets Not Under Construction | Salem, OR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 4
Encumbrances $ 0
Initial Costs, Land 3,055
Initial Costs, Buildings and Improvements 21,096
Costs Capitalized Subsequent to Acquisition 6,720
Gross amount, Land 3,305
Gross amount, Buildings and Improvements 27,566
Gross amount 30,871
Accumulated depreciation and depletion $ (15,550)
Assets Not Under Construction | Salinas, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 5
Encumbrances $ 0
Initial Costs, Land 7,244
Initial Costs, Buildings and Improvements 7,181
Costs Capitalized Subsequent to Acquisition 14,945
Gross amount, Land 8,142
Gross amount, Buildings and Improvements 21,228
Gross amount 29,370
Accumulated depreciation and depletion $ (10,842)
Assets Not Under Construction | Salt Lake City, UT  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 22,481
Costs Capitalized Subsequent to Acquisition 11,065
Gross amount, Land 485
Gross amount, Buildings and Improvements 33,061
Gross amount 33,546
Accumulated depreciation and depletion $ (14,671)
Assets Not Under Construction | San Antonio - HEB, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,014
Initial Costs, Buildings and Improvements 22,902
Costs Capitalized Subsequent to Acquisition 752
Gross amount, Land 2,014
Gross amount, Buildings and Improvements 23,654
Gross amount 25,668
Accumulated depreciation and depletion $ (9,267)
Assets Not Under Construction | San Antonio, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 3
Encumbrances $ 0
Initial Costs, Land 1,894
Initial Costs, Buildings and Improvements 11,101
Costs Capitalized Subsequent to Acquisition 5,056
Gross amount, Land 2,329
Gross amount, Buildings and Improvements 15,722
Gross amount 18,051
Accumulated depreciation and depletion $ (10,980)
Assets Not Under Construction | Sanford, NC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,110
Initial Costs, Buildings and Improvements 34,104
Costs Capitalized Subsequent to Acquisition 821
Gross amount, Land 3,291
Gross amount, Buildings and Improvements 34,744
Gross amount 38,035
Accumulated depreciation and depletion $ (6,922)
Assets Not Under Construction | Savannah, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 20,715
Initial Costs, Buildings and Improvements 10,456
Costs Capitalized Subsequent to Acquisition 5,080
Gross amount, Land 22,743
Gross amount, Buildings and Improvements 13,508
Gross amount 36,251
Accumulated depreciation and depletion $ (3,718)
Assets Not Under Construction | Savannah 2, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,002
Initial Costs, Buildings and Improvements 37,571
Costs Capitalized Subsequent to Acquisition 408
Gross amount, Land 3,174
Gross amount, Buildings and Improvements 37,807
Gross amount 40,981
Accumulated depreciation and depletion $ (6,906)
Assets Not Under Construction | Savannah Pooler, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 1,382
Costs Capitalized Subsequent to Acquisition 2,590
Gross amount, Land 1,485
Gross amount, Buildings and Improvements 2,487
Gross amount 3,972
Accumulated depreciation and depletion $ (835)
Assets Not Under Construction | Seabrook, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,370
Initial Costs, Buildings and Improvements 19,958
Costs Capitalized Subsequent to Acquisition 1,544
Gross amount, Land 3,015
Gross amount, Buildings and Improvements 21,857
Gross amount 24,872
Accumulated depreciation and depletion $ (3,586)
Assets Not Under Construction | Sebree, KY  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 638
Initial Costs, Buildings and Improvements 7,895
Costs Capitalized Subsequent to Acquisition 2,128
Gross amount, Land 802
Gross amount, Buildings and Improvements 9,859
Gross amount 10,661
Accumulated depreciation and depletion $ (4,202)
Assets Not Under Construction | Sikeston, MO  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 258
Initial Costs, Buildings and Improvements 11,936
Costs Capitalized Subsequent to Acquisition 3,471
Gross amount, Land 2,350
Gross amount, Buildings and Improvements 13,315
Gross amount 15,665
Accumulated depreciation and depletion $ (7,190)
Assets Not Under Construction | Sioux City, IA-2640 Murray St  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 5,950
Initial Costs, Buildings and Improvements 28,391
Costs Capitalized Subsequent to Acquisition 566
Gross amount, Land 4,610
Gross amount, Buildings and Improvements 30,297
Gross amount 34,907
Accumulated depreciation and depletion $ (6,806)
Assets Not Under Construction | Sioux City, IA-2900 Murray St  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,070
Initial Costs, Buildings and Improvements 56,336
Costs Capitalized Subsequent to Acquisition 2,739
Gross amount, Land 4,506
Gross amount, Buildings and Improvements 57,639
Gross amount 62,145
Accumulated depreciation and depletion $ (12,294)
Assets Not Under Construction | Sioux Falls, SD  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 856
Initial Costs, Buildings and Improvements 4,780
Costs Capitalized Subsequent to Acquisition 5,131
Gross amount, Land 1,084
Gross amount, Buildings and Improvements 9,683
Gross amount 10,767
Accumulated depreciation and depletion $ (6,012)
Assets Not Under Construction | South Plainfield, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 5,360
Initial Costs, Buildings and Improvements 20,874
Costs Capitalized Subsequent to Acquisition 2,672
Gross amount, Land 6,578
Gross amount, Buildings and Improvements 22,328
Gross amount 28,906
Accumulated depreciation and depletion $ (3,310)
Assets Not Under Construction | Springdale, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 844
Initial Costs, Buildings and Improvements 10,754
Costs Capitalized Subsequent to Acquisition 2,282
Gross amount, Land 931
Gross amount, Buildings and Improvements 12,949
Gross amount 13,880
Accumulated depreciation and depletion $ (7,142)
Assets Not Under Construction | St. Louis, MO  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 2,082
Initial Costs, Buildings and Improvements 7,566
Costs Capitalized Subsequent to Acquisition 2,217
Gross amount, Land 2,198
Gross amount, Buildings and Improvements 9,667
Gross amount 11,865
Accumulated depreciation and depletion $ (4,757)
Assets Not Under Construction | St. Paul, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 1,800
Initial Costs, Buildings and Improvements 12,129
Costs Capitalized Subsequent to Acquisition 2,427
Gross amount, Land 1,826
Gross amount, Buildings and Improvements 14,530
Gross amount 16,356
Accumulated depreciation and depletion $ (7,336)
Assets Not Under Construction | Strasburg, VA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,551
Initial Costs, Buildings and Improvements 15,038
Costs Capitalized Subsequent to Acquisition 2,724
Gross amount, Land 2,001
Gross amount, Buildings and Improvements 17,312
Gross amount 19,313
Accumulated depreciation and depletion $ (8,025)
Assets Not Under Construction | Summerville  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 5,024
Costs Capitalized Subsequent to Acquisition 237
Gross amount, Land 7
Gross amount, Buildings and Improvements 5,254
Gross amount 5,261
Accumulated depreciation and depletion $ (1,129)
Assets Not Under Construction | Sumter, SC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 530
Initial Costs, Buildings and Improvements 8,738
Costs Capitalized Subsequent to Acquisition 152
Gross amount, Land 560
Gross amount, Buildings and Improvements 8,860
Gross amount 9,420
Accumulated depreciation and depletion $ (2,615)
Assets Not Under Construction | Syracuse, NY  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 2,177
Initial Costs, Buildings and Improvements 20,056
Costs Capitalized Subsequent to Acquisition 6,505
Gross amount, Land 2,420
Gross amount, Buildings and Improvements 26,318
Gross amount 28,738
Accumulated depreciation and depletion $ (13,483)
Assets Not Under Construction | Tacoma, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 21,216
Costs Capitalized Subsequent to Acquisition 2,653
Gross amount, Land 31
Gross amount, Buildings and Improvements 23,838
Gross amount 23,869
Accumulated depreciation and depletion $ (10,955)
Assets Not Under Construction | Tampa - Bartow, FL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 2,451
Costs Capitalized Subsequent to Acquisition 921
Gross amount, Land 89
Gross amount, Buildings and Improvements 3,283
Gross amount 3,372
Accumulated depreciation and depletion $ (2,795)
Assets Not Under Construction | Tampa Maple, FL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,233
Initial Costs, Buildings and Improvements 15,940
Costs Capitalized Subsequent to Acquisition 83
Gross amount, Land 3,242
Gross amount, Buildings and Improvements 16,014
Gross amount 19,256
Accumulated depreciation and depletion $ (2,561)
Assets Not Under Construction | Tampa Plant City, FL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 1,333
Initial Costs, Buildings and Improvements 11,836
Costs Capitalized Subsequent to Acquisition 1,805
Gross amount, Land 1,380
Gross amount, Buildings and Improvements 13,594
Gross amount 14,974
Accumulated depreciation and depletion $ (6,500)
Assets Not Under Construction | Tarboro, NC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,078
Initial Costs, Buildings and Improvements 9,586
Costs Capitalized Subsequent to Acquisition 1,496
Gross amount, Land 1,225
Gross amount, Buildings and Improvements 10,935
Gross amount 12,160
Accumulated depreciation and depletion $ (5,300)
Assets Not Under Construction | Taunton, MA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,477
Initial Costs, Buildings and Improvements 14,159
Costs Capitalized Subsequent to Acquisition 1,649
Gross amount, Land 1,769
Gross amount, Buildings and Improvements 15,516
Gross amount 17,285
Accumulated depreciation and depletion $ (7,128)
Assets Not Under Construction | Texarkana, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 842
Initial Costs, Buildings and Improvements 11,169
Costs Capitalized Subsequent to Acquisition 1,998
Gross amount, Land 921
Gross amount, Buildings and Improvements 13,088
Gross amount 14,009
Accumulated depreciation and depletion $ (6,178)
Assets Not Under Construction | Tomah, WI  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 886
Initial Costs, Buildings and Improvements 10,715
Costs Capitalized Subsequent to Acquisition 942
Gross amount, Land 1,038
Gross amount, Buildings and Improvements 11,505
Gross amount 12,543
Accumulated depreciation and depletion $ (6,035)
Assets Not Under Construction | Turlock, CA (#1)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 944
Initial Costs, Buildings and Improvements 4,056
Costs Capitalized Subsequent to Acquisition 1,340
Gross amount, Land 967
Gross amount, Buildings and Improvements 5,373
Gross amount 6,340
Accumulated depreciation and depletion $ (2,690)
Assets Not Under Construction | Turlock, CA (#2)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,091
Initial Costs, Buildings and Improvements 7,004
Costs Capitalized Subsequent to Acquisition 3,864
Gross amount, Land 3,124
Gross amount, Buildings and Improvements 10,835
Gross amount 13,959
Accumulated depreciation and depletion $ (5,188)
Assets Not Under Construction | Vernon 2, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 8,100
Initial Costs, Buildings and Improvements 13,490
Costs Capitalized Subsequent to Acquisition 4,298
Gross amount, Land 8,112
Gross amount, Buildings and Improvements 17,776
Gross amount 25,888
Accumulated depreciation and depletion $ (11,346)
Assets Not Under Construction | Victorville, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,810
Initial Costs, Buildings and Improvements 22,811
Costs Capitalized Subsequent to Acquisition 2,893
Gross amount, Land 2,826
Gross amount, Buildings and Improvements 25,688
Gross amount 28,514
Accumulated depreciation and depletion $ (11,619)
Assets Not Under Construction | Vineland, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 9,580
Initial Costs, Buildings and Improvements 68,734
Costs Capitalized Subsequent to Acquisition 4,643
Gross amount, Land 9,580
Gross amount, Buildings and Improvements 73,377
Gross amount 82,957
Accumulated depreciation and depletion $ (9,945)
Assets Not Under Construction | Vineland, NJ (North Mill)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 3
Encumbrances $ 0
Initial Costs, Land 4,386
Initial Costs, Buildings and Improvements 13,019
Costs Capitalized Subsequent to Acquisition 694
Gross amount, Land 4,777
Gross amount, Buildings and Improvements 13,322
Gross amount 18,099
Accumulated depreciation and depletion $ (468)
Assets Not Under Construction | Walla Walla, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 215
Initial Costs, Buildings and Improvements 4,693
Costs Capitalized Subsequent to Acquisition 767
Gross amount, Land 159
Gross amount, Buildings and Improvements 5,516
Gross amount 5,675
Accumulated depreciation and depletion $ (3,748)
Assets Not Under Construction | Wallula, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 690
Initial Costs, Buildings and Improvements 2,645
Costs Capitalized Subsequent to Acquisition 960
Gross amount, Land 788
Gross amount, Buildings and Improvements 3,507
Gross amount 4,295
Accumulated depreciation and depletion $ (1,772)
Assets Not Under Construction | Watsonville, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 8,138
Costs Capitalized Subsequent to Acquisition 2,358
Gross amount, Land 21
Gross amount, Buildings and Improvements 10,475
Gross amount 10,496
Accumulated depreciation and depletion $ (8,737)
Assets Not Under Construction | West Memphis, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,460
Initial Costs, Buildings and Improvements 12,300
Costs Capitalized Subsequent to Acquisition 3,637
Gross amount, Land 2,802
Gross amount, Buildings and Improvements 14,595
Gross amount 17,397
Accumulated depreciation and depletion $ (8,313)
Assets Not Under Construction | Wichita, KS  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,297
Initial Costs, Buildings and Improvements 4,717
Costs Capitalized Subsequent to Acquisition 2,530
Gross amount, Land 1,432
Gross amount, Buildings and Improvements 7,112
Gross amount 8,544
Accumulated depreciation and depletion $ (3,988)
Assets Not Under Construction | Woodburn, OR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,552
Initial Costs, Buildings and Improvements 9,860
Costs Capitalized Subsequent to Acquisition 5,139
Gross amount, Land 1,627
Gross amount, Buildings and Improvements 14,924
Gross amount 16,551
Accumulated depreciation and depletion $ (6,795)
Assets Not Under Construction | York-Willow Springs, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,300
Initial Costs, Buildings and Improvements 7,351
Costs Capitalized Subsequent to Acquisition 862
Gross amount, Land 1,416
Gross amount, Buildings and Improvements 8,097
Gross amount 9,513
Accumulated depreciation and depletion $ (4,383)
Assets Not Under Construction | Zumbrota, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 3
Encumbrances $ 0
Initial Costs, Land 800
Initial Costs, Buildings and Improvements 10,360
Costs Capitalized Subsequent to Acquisition 2,132
Gross amount, Land 993
Gross amount, Buildings and Improvements 12,299
Gross amount 13,292
Accumulated depreciation and depletion $ (5,904)
Assets Not Under Construction | Taber  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 0
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 12
Costs Capitalized Subsequent to Acquisition (12)
Gross amount, Land 0
Gross amount, Buildings and Improvements 0
Gross amount 0
Accumulated depreciation and depletion
Assets Not Under Construction | Brampton  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 27,522
Initial Costs, Buildings and Improvements 53,367
Costs Capitalized Subsequent to Acquisition (6,058)
Gross amount, Land 25,273
Gross amount, Buildings and Improvements 49,558
Gross amount 74,831
Accumulated depreciation and depletion $ (10,260)
Assets Not Under Construction | Calgary  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 5,240
Initial Costs, Buildings and Improvements 36,392
Costs Capitalized Subsequent to Acquisition 6,228
Gross amount, Land 5,673
Gross amount, Buildings and Improvements 42,187
Gross amount 47,860
Accumulated depreciation and depletion $ (6,804)
Assets Not Under Construction | Halifax Dartmouth  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,052
Initial Costs, Buildings and Improvements 14,904
Costs Capitalized Subsequent to Acquisition (1,387)
Gross amount, Land 1,884
Gross amount, Buildings and Improvements 13,685
Gross amount 15,569
Accumulated depreciation and depletion $ (2,114)
Assets Not Under Construction | London  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,431
Initial Costs, Buildings and Improvements 11,340
Costs Capitalized Subsequent to Acquisition (1,541)
Gross amount, Land 1,258
Gross amount, Buildings and Improvements 9,972
Gross amount 11,230
Accumulated depreciation and depletion $ (1,223)
Assets Not Under Construction | Mississauga Surveyor  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 245
Costs Capitalized Subsequent to Acquisition 119
Gross amount, Land 0
Gross amount, Buildings and Improvements 364
Gross amount 364
Accumulated depreciation and depletion $ (62)
Assets Not Under Construction | Arndell Park  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 13,489
Initial Costs, Buildings and Improvements 29,428
Costs Capitalized Subsequent to Acquisition (1,077)
Gross amount, Land 10,870
Gross amount, Buildings and Improvements 30,970
Gross amount 41,840
Accumulated depreciation and depletion $ (13,941)
Assets Not Under Construction | Brisbane - Hemmant  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 9,738
Initial Costs, Buildings and Improvements 10,072
Costs Capitalized Subsequent to Acquisition (2,439)
Gross amount, Land 7,444
Gross amount, Buildings and Improvements 9,927
Gross amount 17,371
Accumulated depreciation and depletion $ (1,380)
Assets Not Under Construction | Brisbane - Lytton  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 19,575
Initial Costs, Buildings and Improvements 28,920
Costs Capitalized Subsequent to Acquisition (4,532)
Gross amount, Land 15,633
Gross amount, Buildings and Improvements 28,330
Gross amount 43,963
Accumulated depreciation and depletion $ (3,235)
Assets Not Under Construction | Laverton  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 13,689
Initial Costs, Buildings and Improvements 28,252
Costs Capitalized Subsequent to Acquisition 6,321
Gross amount, Land 10,576
Gross amount, Buildings and Improvements 37,686
Gross amount 48,262
Accumulated depreciation and depletion $ (14,947)
Assets Not Under Construction | Murarrie  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 3
Encumbrances $ 0
Initial Costs, Land 10,891
Initial Costs, Buildings and Improvements 18,975
Costs Capitalized Subsequent to Acquisition (3,150)
Gross amount, Land 8,471
Gross amount, Buildings and Improvements 18,245
Gross amount 26,716
Accumulated depreciation and depletion $ (8,246)
Assets Not Under Construction | Prospect/ASC Corporate  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 1,187
Costs Capitalized Subsequent to Acquisition 18,319
Gross amount, Land 6,583
Gross amount, Buildings and Improvements 12,923
Gross amount 19,506
Accumulated depreciation and depletion $ (6,769)
Assets Not Under Construction | Spearwood  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 7,194
Initial Costs, Buildings and Improvements 10,990
Costs Capitalized Subsequent to Acquisition 8,891
Gross amount, Land 5,579
Gross amount, Buildings and Improvements 21,496
Gross amount 27,075
Accumulated depreciation and depletion $ (5,793)
Assets Not Under Construction | Wivenhoe - Tasmania  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 994
Initial Costs, Buildings and Improvements 8,218
Costs Capitalized Subsequent to Acquisition 706
Gross amount, Land 748
Gross amount, Buildings and Improvements 9,170
Gross amount 9,918
Accumulated depreciation and depletion $ (1,104)
Assets Not Under Construction | Ormeau  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 3,379
Initial Costs, Buildings and Improvements 14,551
Costs Capitalized Subsequent to Acquisition 673
Gross amount, Land 3,293
Gross amount, Buildings and Improvements 15,310
Gross amount 18,603
Accumulated depreciation and depletion $ (701)
Assets Not Under Construction | Dalgety  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 6,047
Initial Costs, Buildings and Improvements 5,531
Costs Capitalized Subsequent to Acquisition 27,718
Gross amount, Land 5,157
Gross amount, Buildings and Improvements 34,139
Gross amount 39,296
Accumulated depreciation and depletion $ (8,563)
Assets Not Under Construction | Diversey  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,357
Initial Costs, Buildings and Improvements 5,966
Costs Capitalized Subsequent to Acquisition 678
Gross amount, Land 2,038
Gross amount, Buildings and Improvements 6,963
Gross amount 9,001
Accumulated depreciation and depletion $ (2,694)
Assets Not Under Construction | Halwyn Dr  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 5,227
Initial Costs, Buildings and Improvements 3,399
Costs Capitalized Subsequent to Acquisition 179
Gross amount, Land 4,518
Gross amount, Buildings and Improvements 4,287
Gross amount 8,805
Accumulated depreciation and depletion $ (2,004)
Assets Not Under Construction | Mako Mako  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 1,332
Initial Costs, Buildings and Improvements 3,810
Costs Capitalized Subsequent to Acquisition 244
Gross amount, Land 1,210
Gross amount, Buildings and Improvements 4,176
Gross amount 5,386
Accumulated depreciation and depletion $ (1,673)
Assets Not Under Construction | Paisley  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 8,495
Initial Costs, Buildings and Improvements 5,295
Costs Capitalized Subsequent to Acquisition (5,630)
Gross amount, Land 4,767
Gross amount, Buildings and Improvements 3,393
Gross amount 8,160
Accumulated depreciation and depletion $ (891)
Assets Not Under Construction | Smarts Rd  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 2,442
Initial Costs, Buildings and Improvements 5,750
Costs Capitalized Subsequent to Acquisition 22
Gross amount, Land 2,176
Gross amount, Buildings and Improvements 6,038
Gross amount 8,214
Accumulated depreciation and depletion $ (1,226)
Assets Not Under Construction | Mercado Central - Buenos Aires, ARG  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 4,984
Costs Capitalized Subsequent to Acquisition (1,963)
Gross amount, Land 0
Gross amount, Buildings and Improvements 3,021
Gross amount 3,021
Accumulated depreciation and depletion $ (5,892)
Assets Not Under Construction | Pilar - Buenos Aires, ARG  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 706
Initial Costs, Buildings and Improvements 2,586
Costs Capitalized Subsequent to Acquisition (2,544)
Gross amount, Land 587
Gross amount, Buildings and Improvements 161
Gross amount 748
Accumulated depreciation and depletion $ (25)
Assets Not Under Construction | Barneveld  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 15,410
Initial Costs, Buildings and Improvements 27,472
Costs Capitalized Subsequent to Acquisition (5,209)
Gross amount, Land 13,082
Gross amount, Buildings and Improvements 24,591
Gross amount 37,673
Accumulated depreciation and depletion $ (2,886)
Assets Not Under Construction | Urk  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 7,100
Initial Costs, Buildings and Improvements 31,014
Costs Capitalized Subsequent to Acquisition (5,379)
Gross amount, Land 5,983
Gross amount, Buildings and Improvements 26,752
Gross amount 32,735
Accumulated depreciation and depletion $ (3,885)
Assets Not Under Construction | Maasvlakte - Rotterdam  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 540
Initial Costs, Buildings and Improvements 15,746
Costs Capitalized Subsequent to Acquisition (799)
Gross amount, Land 697
Gross amount, Buildings and Improvements 14,790
Gross amount 15,487
Accumulated depreciation and depletion $ (1,868)
Assets Not Under Construction | Westland - Rotterdam  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 20,910
Initial Costs, Buildings and Improvements 26,637
Costs Capitalized Subsequent to Acquisition (25,854)
Gross amount, Land 14,177
Gross amount, Buildings and Improvements 7,516
Gross amount 21,693
Accumulated depreciation and depletion $ (1,145)
Assets Not Under Construction | Vienna  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 280
Initial Costs, Buildings and Improvements 26,515
Costs Capitalized Subsequent to Acquisition (3,750)
Gross amount, Land 237
Gross amount, Buildings and Improvements 22,808
Gross amount 23,045
Accumulated depreciation and depletion $ (2,898)
Assets Not Under Construction | Castleblayney  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 6,170
Initial Costs, Buildings and Improvements 22,244
Costs Capitalized Subsequent to Acquisition (2,360)
Gross amount, Land 5,260
Gross amount, Buildings and Improvements 20,794
Gross amount 26,054
Accumulated depreciation and depletion $ (3,003)
Assets Not Under Construction | Dublin  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 6,163
Initial Costs, Buildings and Improvements 29,179
Costs Capitalized Subsequent to Acquisition 7,198
Gross amount, Land 8,247
Gross amount, Buildings and Improvements 34,293
Gross amount 42,540
Accumulated depreciation and depletion $ (3,222)
Assets Not Under Construction | Lisbon  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 13,794
Initial Costs, Buildings and Improvements 46,877
Costs Capitalized Subsequent to Acquisition (7,137)
Gross amount, Land 11,724
Gross amount, Buildings and Improvements 41,810
Gross amount 53,534
Accumulated depreciation and depletion $ (4,860)
Assets Not Under Construction | Sines  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 130
Initial Costs, Buildings and Improvements 2,311
Costs Capitalized Subsequent to Acquisition (352)
Gross amount, Land 110
Gross amount, Buildings and Improvements 1,979
Gross amount 2,089
Accumulated depreciation and depletion $ (227)
Assets Not Under Construction | Algeciras  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 101
Initial Costs, Buildings and Improvements 11,948
Costs Capitalized Subsequent to Acquisition (303)
Gross amount, Land 102
Gross amount, Buildings and Improvements 11,644
Gross amount 11,746
Accumulated depreciation and depletion $ (1,829)
Assets Not Under Construction | Barcelona  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 16,340
Initial Costs, Buildings and Improvements 35,247
Costs Capitalized Subsequent to Acquisition 3,113
Gross amount, Land 13,849
Gross amount, Buildings and Improvements 40,851
Gross amount 54,700
Accumulated depreciation and depletion $ (5,912)
Assets Not Under Construction | Valencia  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 170
Initial Costs, Buildings and Improvements 10,932
Costs Capitalized Subsequent to Acquisition (739)
Gross amount, Land 144
Gross amount, Buildings and Improvements 10,219
Gross amount 10,363
Accumulated depreciation and depletion $ (1,335)
Assets Not Under Construction | Gdynia  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 10,329
Initial Costs, Buildings and Improvements 4,167
Costs Capitalized Subsequent to Acquisition 1,350
Gross amount, Land 10,865
Gross amount, Buildings and Improvements 4,981
Gross amount 15,846
Accumulated depreciation and depletion $ (636)
Assets Not Under Construction | Spalding - Bowman  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 5,916
Initial Costs, Buildings and Improvements 32,815
Costs Capitalized Subsequent to Acquisition (7,043)
Gross amount, Land 4,194
Gross amount, Buildings and Improvements 27,494
Gross amount 31,688
Accumulated depreciation and depletion $ (4,472)
Assets Not Under Construction | Whitchurch  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 7,750
Initial Costs, Buildings and Improvements 74,185
Costs Capitalized Subsequent to Acquisition 3,451
Gross amount, Land 8,326
Gross amount, Buildings and Improvements 77,060
Gross amount 85,386
Accumulated depreciation and depletion $ (10,434)
Assets Not Under Construction | Lurgan  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 2
Encumbrances $ 0
Initial Costs, Land 3,390
Initial Costs, Buildings and Improvements 7,992
Costs Capitalized Subsequent to Acquisition 625
Gross amount, Land 3,143
Gross amount, Buildings and Improvements 8,864
Gross amount 12,007
Accumulated depreciation and depletion (1,656)
Assets Not Under Construction, Net  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Accumulated depreciation and depletion (1,441,166)
Assets Not Under Construction, Net | Atlanta, GA - Corporate  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Gross amount, Land $ (19)
Assets Under Construction  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 511,250
Gross amount 511,250
Accumulated depreciation and depletion $ 0
Assets Under Construction | Halifax Dartmouth  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 32
Gross amount 32
Accumulated depreciation and depletion
Assets Under Construction | 401 Kentile, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (95)
Gross amount (95)
Accumulated depreciation and depletion
Assets Under Construction | 501 Kentile, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 149
Gross amount 149
Accumulated depreciation and depletion
Assets Under Construction | 601 Kentile, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 299
Gross amount 299
Accumulated depreciation and depletion
Assets Under Construction | Albertville, AL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (136)
Gross amount (136)
Accumulated depreciation and depletion
Assets Under Construction | Allentown, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 36,900
Gross amount 36,900
Accumulated depreciation and depletion
Assets Under Construction | Amarillo, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 383
Gross amount 383
Accumulated depreciation and depletion
Assets Under Construction | Anaheim, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 235
Gross amount 235
Accumulated depreciation and depletion
Assets Under Construction | Atlanta - East Point, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (148)
Gross amount (148)
Accumulated depreciation and depletion
Assets Under Construction | Atlanta - Gateway, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 3,905
Gross amount 3,905
Accumulated depreciation and depletion
Assets Under Construction | Atlanta - Lakewood, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (12)
Gross amount (12)
Accumulated depreciation and depletion
Assets Under Construction | Atlanta - Skygate, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 86
Gross amount 86
Accumulated depreciation and depletion
Assets Under Construction | Atlanta - Southgate, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 223
Gross amount 223
Accumulated depreciation and depletion
Assets Under Construction | Atlanta - Tradewater, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 11,631
Gross amount 11,631
Accumulated depreciation and depletion
Assets Under Construction | Atlanta - Westgate, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 219
Gross amount 219
Accumulated depreciation and depletion
Assets Under Construction | Atlanta - Empire, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 715
Gross amount 715
Accumulated depreciation and depletion
Assets Under Construction | Atlanta - Pleasantdale, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 8,020
Gross amount 8,020
Accumulated depreciation and depletion
Assets Under Construction | Augusta, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,305
Gross amount 1,305
Accumulated depreciation and depletion
Assets Under Construction | Belvidere-Imron, IL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,131
Gross amount 2,131
Accumulated depreciation and depletion
Assets Under Construction | Benson, NC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 649
Gross amount 649
Accumulated depreciation and depletion
Assets Under Construction | Benson Hodges, NC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 26
Gross amount 26
Accumulated depreciation and depletion
Assets Under Construction | Birmingham, AL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (128)
Gross amount (128)
Accumulated depreciation and depletion
Assets Under Construction | Fort Worth-Blue Mound, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 6,562
Gross amount 6,562
Accumulated depreciation and depletion
Assets Under Construction | Brighton (Denver 2), CO  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 3,365
Gross amount 3,365
Accumulated depreciation and depletion
Assets Under Construction | Brooklyn Park, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 607
Gross amount 607
Accumulated depreciation and depletion
Assets Under Construction | Burley, ID  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 772
Gross amount 772
Accumulated depreciation and depletion
Assets Under Construction | Burlington, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,552
Gross amount 2,552
Accumulated depreciation and depletion
Assets Under Construction | Carson, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (231)
Gross amount (231)
Accumulated depreciation and depletion
Assets Under Construction | Cartersville, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 66
Gross amount 66
Accumulated depreciation and depletion
Assets Under Construction | Carthage Warehouse Dist, MO  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 912
Gross amount 912
Accumulated depreciation and depletion
Assets Under Construction | Chambersburg, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 534
Gross amount 534
Accumulated depreciation and depletion
Assets Under Construction | Charlotte, NC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (175)
Gross amount (175)
Accumulated depreciation and depletion
Assets Under Construction | Chesapeake, VA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 62
Gross amount 62
Accumulated depreciation and depletion
Assets Under Construction | Chillicothe, MO  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 243
Gross amount 243
Accumulated depreciation and depletion
Assets Under Construction | Clearfield, UT  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,089
Gross amount 2,089
Accumulated depreciation and depletion
Assets Under Construction | Columbia, SC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (4)
Gross amount (4)
Accumulated depreciation and depletion
Assets Under Construction | Columbus, OH  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,343
Gross amount 1,343
Accumulated depreciation and depletion
Assets Under Construction | Connell, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 97
Gross amount 97
Accumulated depreciation and depletion
Assets Under Construction | Atlanta, GA - Corporate  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 5,020
Gross amount 5,020
Accumulated depreciation and depletion
Assets Under Construction | Dallas (Catron), TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 297
Gross amount 297
Accumulated depreciation and depletion
Assets Under Construction | Delhi, LA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 12
Gross amount 12
Accumulated depreciation and depletion
Assets Under Construction | Dominguez Hills, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 3,176
Gross amount 3,176
Accumulated depreciation and depletion
Assets Under Construction | Douglas, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (84)
Gross amount (84)
Accumulated depreciation and depletion
Assets Under Construction | Dunkirk, NY  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,907
Gross amount 1,907
Accumulated depreciation and depletion
Assets Under Construction | Eagan, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (30)
Gross amount (30)
Accumulated depreciation and depletion
Assets Under Construction | East Dubuque, IL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (122)
Gross amount (122)
Accumulated depreciation and depletion
Assets Under Construction | Edison, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (9)
Gross amount (9)
Accumulated depreciation and depletion
Assets Under Construction | Fairfield, OH  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 88
Gross amount 88
Accumulated depreciation and depletion
Assets Under Construction | Fairmont, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 42
Gross amount 42
Accumulated depreciation and depletion
Assets Under Construction | Fairmont City, IL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 275
Gross amount 275
Accumulated depreciation and depletion
Assets Under Construction | Forest, MS  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 263
Gross amount 263
Accumulated depreciation and depletion
Assets Under Construction | Fort Dodge, IA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 25
Gross amount 25
Accumulated depreciation and depletion
Assets Under Construction | Fort Smith, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,534
Gross amount 2,534
Accumulated depreciation and depletion
Assets Under Construction | Fort Smith (Hwy 45), AR CL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 488
Gross amount 488
Accumulated depreciation and depletion
Assets Under Construction | Fort Worth-Samuels, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 287
Gross amount 287
Accumulated depreciation and depletion
Assets Under Construction | Fremont, NE  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (19)
Gross amount (19)
Accumulated depreciation and depletion
Assets Under Construction | Ft. Worth, TX (Meacham)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (103)
Gross amount (103)
Accumulated depreciation and depletion
Assets Under Construction | Ft. Worth, TX (Railhead)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 235
Gross amount 235
Accumulated depreciation and depletion
Assets Under Construction | Gadsden, AL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (117)
Gross amount (117)
Accumulated depreciation and depletion
Assets Under Construction | Gaffney, SC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 0
Gross amount 0
Accumulated depreciation and depletion
Assets Under Construction | Gainesville, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 597
Gross amount 597
Accumulated depreciation and depletion
Assets Under Construction | Gainesville Candler, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (75)
Gross amount (75)
Accumulated depreciation and depletion
Assets Under Construction | Garden City, KS  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 239
Gross amount 239
Accumulated depreciation and depletion
Assets Under Construction | Geneva Lakes, WI  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 326
Gross amount 326
Accumulated depreciation and depletion
Assets Under Construction | Gloucester - Rogers, MA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 173
Gross amount 173
Accumulated depreciation and depletion
Assets Under Construction | Gloucester - Rowe, MA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 326
Gross amount 326
Accumulated depreciation and depletion
Assets Under Construction | Goldsboro Commerce, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (147)
Gross amount (147)
Accumulated depreciation and depletion
Assets Under Construction | Gouldsboro, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 989
Gross amount 989
Accumulated depreciation and depletion
Assets Under Construction | Grand Island, NE  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,555
Gross amount 2,555
Accumulated depreciation and depletion
Assets Under Construction | Grand Prairie, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,094
Gross amount 1,094
Accumulated depreciation and depletion
Assets Under Construction | Green Bay, WI  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 3,102
Gross amount 3,102
Accumulated depreciation and depletion
Assets Under Construction | Hatfield, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 687
Gross amount 687
Accumulated depreciation and depletion
Assets Under Construction | Hattiesburg, MS  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 14
Gross amount 14
Accumulated depreciation and depletion
Assets Under Construction | Henderson, NV  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 9
Gross amount 9
Accumulated depreciation and depletion
Assets Under Construction | Hermiston, OR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (44)
Gross amount (44)
Accumulated depreciation and depletion
Assets Under Construction | Houston, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 224
Gross amount 224
Accumulated depreciation and depletion
Assets Under Construction | Indianapolis, IN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 9,391
Gross amount 9,391
Accumulated depreciation and depletion
Assets Under Construction | Jefferson, WI  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,547
Gross amount 1,547
Accumulated depreciation and depletion
Assets Under Construction | Johnson, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 382
Gross amount 382
Accumulated depreciation and depletion
Assets Under Construction | Kansas City, MO  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 32,784
Gross amount 32,784
Accumulated depreciation and depletion
Assets Under Construction | Lakeville, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 596
Gross amount 596
Accumulated depreciation and depletion
Assets Under Construction | Lancaster, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 0
Gross amount 0
Accumulated depreciation and depletion
Assets Under Construction | LaPorte, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 34
Gross amount 34
Accumulated depreciation and depletion
Assets Under Construction | Le Mars, IA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (44)
Gross amount (44)
Accumulated depreciation and depletion
Assets Under Construction | Lebanon, TN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 135
Gross amount 135
Accumulated depreciation and depletion
Assets Under Construction | Leesport, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 34
Gross amount 34
Accumulated depreciation and depletion
Assets Under Construction | Logan Township, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 197
Gross amount 197
Accumulated depreciation and depletion
Assets Under Construction | Lowell, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1
Gross amount 1
Accumulated depreciation and depletion
Assets Under Construction | Lula, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (200)
Gross amount (200)
Accumulated depreciation and depletion
Assets Under Construction | Lumberton, NC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 164
Gross amount 164
Accumulated depreciation and depletion
Assets Under Construction | Lynden, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (448)
Gross amount (448)
Accumulated depreciation and depletion
Assets Under Construction | Manchester, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,321
Gross amount 2,321
Accumulated depreciation and depletion
Assets Under Construction | Manly, IA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 2
Gross amount 2
Accumulated depreciation and depletion
Assets Under Construction | Mansfield, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 230
Gross amount 230
Accumulated depreciation and depletion
Assets Under Construction | Marshall, MO  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 105
Gross amount 105
Accumulated depreciation and depletion
Assets Under Construction | Massillon 17th, OH  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 17
Gross amount 17
Accumulated depreciation and depletion
Assets Under Construction | Massillon Erie, OH  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (277)
Gross amount (277)
Accumulated depreciation and depletion
Assets Under Construction | Middleboro, MA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 155
Gross amount 155
Accumulated depreciation and depletion
Assets Under Construction | Milwaukie, OR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (393)
Gross amount (393)
Accumulated depreciation and depletion
Assets Under Construction | Mobile, AL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 166
Gross amount 166
Accumulated depreciation and depletion
Assets Under Construction | Modesto, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 5,510
Gross amount 5,510
Accumulated depreciation and depletion
Assets Under Construction | Monmouth, IL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 9
Gross amount 9
Accumulated depreciation and depletion
Assets Under Construction | Montgomery, AL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 354
Gross amount 354
Accumulated depreciation and depletion
Assets Under Construction | Moses Lake, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 428
Gross amount 428
Accumulated depreciation and depletion
Assets Under Construction | Mountville, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 81,513
Gross amount 81,513
Accumulated depreciation and depletion
Assets Under Construction | Mullica Hill. NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 31
Gross amount 31
Accumulated depreciation and depletion
Assets Under Construction | Murfreesboro, TN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,647
Gross amount 1,647
Accumulated depreciation and depletion
Assets Under Construction | Nampa, ID  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 522
Gross amount 522
Accumulated depreciation and depletion
Assets Under Construction | Napoleon, OH  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (314)
Gross amount (314)
Accumulated depreciation and depletion
Assets Under Construction | New Ulm, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,194
Gross amount 1,194
Accumulated depreciation and depletion
Assets Under Construction | Newark, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 462
Gross amount 462
Accumulated depreciation and depletion
Assets Under Construction | Newport, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 40
Gross amount 40
Accumulated depreciation and depletion
Assets Under Construction | North Little Rock, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 655
Gross amount 655
Accumulated depreciation and depletion
Assets Under Construction | Nyssa, OR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 61
Gross amount 61
Accumulated depreciation and depletion
Assets Under Construction | Oklahoma City, OK  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (150)
Gross amount (150)
Accumulated depreciation and depletion
Assets Under Construction | Ontario, OR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 358
Gross amount 358
Accumulated depreciation and depletion
Assets Under Construction | Ontario, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,306
Gross amount 1,306
Accumulated depreciation and depletion
Assets Under Construction | Oxford  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 202
Gross amount 202
Accumulated depreciation and depletion
Assets Under Construction | Pasco, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 57
Gross amount 57
Accumulated depreciation and depletion
Assets Under Construction | Pedricktown, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 506
Gross amount 506
Accumulated depreciation and depletion
Assets Under Construction | Pendergrass, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 300
Gross amount 300
Accumulated depreciation and depletion
Assets Under Construction | Perryville, MD  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 60
Gross amount 60
Accumulated depreciation and depletion
Assets Under Construction | Phoenix2, AZ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (77)
Gross amount (77)
Accumulated depreciation and depletion
Assets Under Construction | Piedmont, SC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (74)
Gross amount (74)
Accumulated depreciation and depletion
Assets Under Construction | Piscataway 120, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 20
Gross amount 20
Accumulated depreciation and depletion
Assets Under Construction | Plainville, CT  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 179,883
Gross amount 179,883
Accumulated depreciation and depletion
Assets Under Construction | Plover, WI  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 90
Gross amount 90
Accumulated depreciation and depletion
Assets Under Construction | Portland, ME  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 209
Gross amount 209
Accumulated depreciation and depletion
Assets Under Construction | Rochelle, IL (Americold Drive)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 11,361
Gross amount 11,361
Accumulated depreciation and depletion
Assets Under Construction | Rochelle, IL (Caron)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 184
Gross amount 184
Accumulated depreciation and depletion
Assets Under Construction | Rockmart  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 383
Gross amount 383
Accumulated depreciation and depletion
Assets Under Construction | Russellville, AR - Elmira  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 17,089
Gross amount 17,089
Accumulated depreciation and depletion
Assets Under Construction | Russellville, AR - Cloverleaf (Rt. 324)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 213
Gross amount 213
Accumulated depreciation and depletion
Assets Under Construction | Salem, OR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,380
Gross amount 2,380
Accumulated depreciation and depletion
Assets Under Construction | Salinas, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 441
Gross amount 441
Accumulated depreciation and depletion
Assets Under Construction | Salt Lake City, UT  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 559
Gross amount 559
Accumulated depreciation and depletion
Assets Under Construction | San Antonio, TX  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (381)
Gross amount (381)
Accumulated depreciation and depletion
Assets Under Construction | Sanford, NC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 568
Gross amount 568
Accumulated depreciation and depletion
Assets Under Construction | Savannah, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (200)
Gross amount (200)
Accumulated depreciation and depletion
Assets Under Construction | Savannah 2, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,931
Gross amount 1,931
Accumulated depreciation and depletion
Assets Under Construction | Savannah Pooler, GA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 74
Gross amount 74
Accumulated depreciation and depletion
Assets Under Construction | Seabrook, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (4)
Gross amount (4)
Accumulated depreciation and depletion
Assets Under Construction | Sebree, KY  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 20
Gross amount 20
Accumulated depreciation and depletion
Assets Under Construction | Sikeston, MO  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 672
Gross amount 672
Accumulated depreciation and depletion
Assets Under Construction | Sioux City, IA-2640 Murray St  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 755
Gross amount 755
Accumulated depreciation and depletion
Assets Under Construction | Sioux City, IA-2900 Murray St  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 527
Gross amount 527
Accumulated depreciation and depletion
Assets Under Construction | Sioux Falls, SD  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,425
Gross amount 2,425
Accumulated depreciation and depletion
Assets Under Construction | South Plainfield, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 608
Gross amount 608
Accumulated depreciation and depletion
Assets Under Construction | Springdale, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 244
Gross amount 244
Accumulated depreciation and depletion
Assets Under Construction | St. Paul, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,076
Gross amount 1,076
Accumulated depreciation and depletion
Assets Under Construction | Strasburg, VA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 243
Gross amount 243
Accumulated depreciation and depletion
Assets Under Construction | Summerville  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 3
Gross amount 3
Accumulated depreciation and depletion
Assets Under Construction | Sumter, SC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (37)
Gross amount (37)
Accumulated depreciation and depletion
Assets Under Construction | Syracuse, NY  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,020
Gross amount 1,020
Accumulated depreciation and depletion
Assets Under Construction | Tacoma, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 810
Gross amount 810
Accumulated depreciation and depletion
Assets Under Construction | Tampa Maple, FL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 51
Gross amount 51
Accumulated depreciation and depletion
Assets Under Construction | Tampa Plant City, FL  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 136
Gross amount 136
Accumulated depreciation and depletion
Assets Under Construction | Tarboro, NC  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 85
Gross amount 85
Accumulated depreciation and depletion
Assets Under Construction | Taunton, MA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,964
Gross amount 1,964
Accumulated depreciation and depletion
Assets Under Construction | Texarkana, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (67)
Gross amount (67)
Accumulated depreciation and depletion
Assets Under Construction | Tomah, WI  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 19
Gross amount 19
Accumulated depreciation and depletion
Assets Under Construction | Turlock, CA (#1)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 169
Gross amount 169
Accumulated depreciation and depletion
Assets Under Construction | Turlock, CA (#2)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,683
Gross amount 1,683
Accumulated depreciation and depletion
Assets Under Construction | Vernon 2, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,086
Gross amount 2,086
Accumulated depreciation and depletion
Assets Under Construction | Victorville, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,454
Gross amount 1,454
Accumulated depreciation and depletion
Assets Under Construction | Vineland, NJ  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 6,613
Gross amount 6,613
Accumulated depreciation and depletion
Assets Under Construction | Vineland, NJ (North Mill)  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 4,080
Gross amount 4,080
Accumulated depreciation and depletion
Assets Under Construction | Walla Walla, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 176
Gross amount 176
Accumulated depreciation and depletion
Assets Under Construction | Wallula, WA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 131
Gross amount 131
Accumulated depreciation and depletion
Assets Under Construction | Watsonville, CA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 228
Gross amount 228
Accumulated depreciation and depletion
Assets Under Construction | West Memphis, AR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 535
Gross amount 535
Accumulated depreciation and depletion
Assets Under Construction | Wichita, KS  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (404)
Gross amount (404)
Accumulated depreciation and depletion
Assets Under Construction | Woodburn, OR  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 247
Gross amount 247
Accumulated depreciation and depletion
Assets Under Construction | York-Willow Springs, PA  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements (89)
Gross amount (89)
Accumulated depreciation and depletion
Assets Under Construction | Zumbrota, MN  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 796
Gross amount 796
Accumulated depreciation and depletion
Assets Under Construction | Calgary  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 151
Gross amount 151
Accumulated depreciation and depletion
Assets Under Construction | Brampton  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 232
Gross amount 232
Accumulated depreciation and depletion
Assets Under Construction | Port St. John  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 575
Gross amount 575
Accumulated depreciation and depletion
Assets Under Construction | Arndell Park  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 92
Gross amount 92
Accumulated depreciation and depletion
Assets Under Construction | Brisbane - Hemmant  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 85
Gross amount 85
Accumulated depreciation and depletion
Assets Under Construction | Laverton  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 32
Gross amount 32
Accumulated depreciation and depletion
Assets Under Construction | Murarrie  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 147
Gross amount 147
Accumulated depreciation and depletion
Assets Under Construction | Prospect/ASC Corporate  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 5,892
Gross amount 5,892
Accumulated depreciation and depletion
Assets Under Construction | Spearwood  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 171
Gross amount 171
Accumulated depreciation and depletion
Assets Under Construction | Wivenhoe - Tasmania  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 47
Gross amount 47
Accumulated depreciation and depletion
Assets Under Construction | Ormeau  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 675
Gross amount 675
Accumulated depreciation and depletion
Assets Under Construction | Dalgety  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 383
Gross amount 383
Accumulated depreciation and depletion
Assets Under Construction | Diversey  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 638
Gross amount 638
Accumulated depreciation and depletion
Assets Under Construction | Halwyn Dr  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 613
Gross amount 613
Accumulated depreciation and depletion
Assets Under Construction | Mako Mako  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 44
Gross amount 44
Accumulated depreciation and depletion
Assets Under Construction | Paisley  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 435
Gross amount 435
Accumulated depreciation and depletion
Assets Under Construction | Smarts Rd  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 53
Gross amount 53
Accumulated depreciation and depletion
Assets Under Construction | Barneveld, Netherlands  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 7
Gross amount 7
Accumulated depreciation and depletion
Assets Under Construction | Urk, Netherlands  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,233
Gross amount 1,233
Accumulated depreciation and depletion
Assets Under Construction | Monaghan, Ireland  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 232
Gross amount 232
Accumulated depreciation and depletion
Assets Under Construction | Dublin, Ireland  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,142
Gross amount 2,142
Accumulated depreciation and depletion
Assets Under Construction | Lisbon, Portugal  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,035
Gross amount 1,035
Accumulated depreciation and depletion
Assets Under Construction | Algeciras, Span  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 59
Gross amount 59
Accumulated depreciation and depletion
Assets Under Construction | Valencia, Spain  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 46
Gross amount 46
Accumulated depreciation and depletion
Assets Under Construction | Barcelona, Spain  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 431
Gross amount 431
Accumulated depreciation and depletion
Assets Under Construction | Witchurch, UK  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 940
Gross amount 940
Accumulated depreciation and depletion
Assets Under Construction | Gdansk, Poland  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building
Encumbrances $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 0
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 0
Gross amount, Buildings and Improvements 885
Gross amount 885
Accumulated depreciation and depletion
v3.25.0.1
Schedule III - Real Estate and Accumulated Depreciation - Footnotes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, Accumulated Depreciation and Amortization $ (2,453,597)    
Property, buildings and equipment gross value (7,474,281) $ (7,302,933)  
Total per Schedule III 4,987,472    
Investment, tax basis, cost   4,800  
Real Estate Facilities, at Cost:      
Disposition (9,457)    
Accumulated Depreciation:      
Total sale-leaseback financing obligations 79,001 161,937  
Reconciliation of Real Estate Activity      
Total real estate facilities gross amount per Schedule III 5,794,453    
Real estate facilities, at cost - ending balance 6,636,191    
Offshore non-real CIP recorded in real CIP-not included in Schedule III (9,457)    
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption      
Accumulated depreciation - ending balance (2,453,597)    
Assets Not Under Construction      
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Accumulated depreciation per Schedule III (1,441,166)    
Total per Schedule III 4,476,222    
Accumulated Depreciation:      
Ending balance (1,441,166)    
Reconciliation of Real Estate Activity      
Total real estate facilities gross amount per Schedule III 5,283,203    
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption      
Accumulated depreciation per Schedule III (1,441,166)    
Sale Leaseback Transaction Accounted for as a Financing Lease      
Accumulated Depreciation:      
Total sale-leaseback financing obligations $ 108,000 147,000 $ 152,000
Minimum      
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Life on which depreciation is calculated 5 years    
Maximum      
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Life on which depreciation is calculated 43 years    
Non-Real Estate Assets      
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, Accumulated Depreciation and Amortization $ (1,012,431)    
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption      
Accumulated depreciation - ending balance (1,012,431)    
Building and improvements      
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Property, buildings and equipment gross value (4,462,565) (4,464,359)  
Property, plant and equipment - gross 13,657    
Assets under construction      
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Property, buildings and equipment gross value (606,233) (452,312)  
Personal property assets under construction      
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Property, buildings and equipment gross value (94,983)    
Real Estate      
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Accumulated depreciation per Schedule III (1,882,671) (1,693,983) (1,470,179)
Real Estate Facilities, at Cost:      
Beginning Balance 6,559,755 6,261,663 6,134,702
Capital expenditures 183,986 231,984 195,696
Acquisitions 0 44,911 12,615
Purchase price allocation adjustments 0 0 (331)
Disposition (9,399) (6,829) (14,694)
Impairment (20,985) 0 (3,407)
Conversion of leased assets to owned 0 301 13,182
Impact of foreign exchange rate changes (77,166) 27,725 (76,100)
Ending Balance 6,636,191 6,559,755 6,261,663
Accumulated Depreciation:      
Beginning balance (1,693,983) (1,470,179) (1,277,174)
Depreciation expense (211,061) (215,731) (204,896)
Dispositions 5,621 1,037 5,304
Impact of foreign exchange rate changes 16,752 (9,110) 6,587
Ending balance (1,882,671) (1,693,983) (1,470,179)
Total Real Estate Facilities, Net at December 31 4,753,520 4,865,772 4,791,484
Reconciliation of Real Estate Activity      
Offshore non-real CIP recorded in real CIP-not included in Schedule III (9,399) (6,829) (14,694)
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption      
Accumulated depreciation per Schedule III (1,882,671) $ (1,693,983) $ (1,470,179)
Real Estate | Assets Not Under Construction      
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Accumulated depreciation per Schedule III (1,441,166)    
Accumulated Depreciation:      
Ending balance (1,441,166)    
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption      
Accumulated depreciation per Schedule III (1,441,166)    
Refrigeration Equipment      
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Accumulated depreciation per Schedule III (441,505)    
Accumulated Depreciation:      
Ending balance (441,505)    
Reconciliation of Real Estate Activity      
Real estate facilities, at cost - ending balance 851,195    
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption      
Accumulated depreciation per Schedule III $ (441,505)