AMERICOLD REALTY TRUST, 10-K filed on 2/29/2024
Annual Report
v3.24.0.1
Cover Page - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2023
Feb. 23, 2024
Jun. 30, 2023
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2023    
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     $ 6.0
Entity Common Stock, Shares Outstanding   283,784,221  
Documents Incorporated by Reference
Part III incorporates by reference portions of Americold Realty Trust, Inc.’s Proxy Statement for its 2024 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 2023    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.24.0.1
Audit Information
 12 Months Ended
Dec. 31, 2023
Audit Information [Abstract]  
Auditor Name Ernst & Young LLP
Auditor Location Atlanta, Georgia
Auditor Firm ID 42
v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Property, buildings and equipment:    
Property, plant and equipment gross value $ 7,302,933 $ 6,967,267
Accumulated depreciation (2,196,196) (1,901,450)
Property, buildings, and equipment – net 5,106,737 5,065,817
Operating Leases:    
Operating lease right-of-use assets 343,532 352,553
Accumulated amortization-operating leases (96,230) (76,334)
Operating leases-net 247,302 276,219
Financing Leases:    
Property, plant and equipment - gross 174,988 140,555
Accumulated depreciation (69,824) (57,626)
Financing leases – net 105,164 82,929
Cash, cash equivalents, and restricted cash 60,392 53,063
Accounts receivable, net of allowance of $21,647 and $15,951 at December 31, 2023 and 2022, respectively 426,048 430,042
Identifiable intangible assets – net 897,414 925,223
Goodwill 794,004 1,033,637
Investments in and advances to partially owned entities 38,113 78,926
Other assets 194,078 158,705
Total assets 7,869,252 8,104,561
Liabilities:    
Borrowings under revolving line of credit 392,156 500,052
Accounts payable and accrued expenses 568,764 557,540
Senior unsecured notes and term loans - net of deferred financing cost of $10,578 and $13,044 at December 31, 2023 and 2022, respectively 2,601,122 2,569,281
Sale-leaseback financing obligations 161,937 171,089
Financing lease obligations 97,177 77,561
Operating lease obligations 240,251 264,634
Unearned revenue 28,379 32,046
Pension and postretirement benefits 1,624 1,531
Deferred tax liability - net 135,797 135,098
Multiemployer pension plan withdrawal liability 7,458 7,851
Total liabilities 4,234,665 4,316,683
Commitments and contingencies (see Commitments and Contingencies Note 17)
Stockholders' equity    
Common stock, $0.01 par value per share – 500,000,000 authorized shares; 283,699,120 and 269,814,956 issued and outstanding at December 31, 2023 and 2022, respectively 2,837 2,698
Paid-in capital 5,625,907 5,191,969
Accumulated deficit and distributions in excess of net earnings (1,995,975) (1,415,198)
Accumulated other comprehensive loss (16,640) (6,050)
Total stockholders’ equity 3,616,129 3,773,419
Noncontrolling interests:    
Noncontrolling interests in operating partnership 18,458 14,459
Total equity 3,634,587 3,787,878
Total liabilities and equity 7,869,252 8,104,561
Land    
Property, buildings and equipment:    
Property, plant and equipment gross value 820,831 786,975
Building and improvements    
Property, buildings and equipment:    
Property, plant and equipment gross value 4,464,359 4,245,607
Financing Leases:    
Property, plant and equipment - gross 13,542 13,546
Machinery and equipment    
Property, buildings and equipment:    
Property, plant and equipment gross value 1,565,431 1,407,874
Financing Leases:    
Property, plant and equipment - gross 161,446 127,009
Assets under construction    
Property, buildings and equipment:    
Property, plant and equipment gross value $ 452,312 $ 526,811
v3.24.0.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Accounts receivable, allowance $ (21,647) $ (15,951)
Deferred financing costs $ (10,578) $ (13,044)
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) 283,699,120 269,814,956
Common Stock    
Common shares, shares outstanding (in shares) 283,699,120 269,814,956
v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 2,673,329 $ 2,914,735 $ 2,714,790
Operating expenses:      
Depreciation and amortization 353,743 331,446 319,840
Selling, general, and administrative 226,786 231,067 182,076
Acquisition, cyber incident, and other, net 64,087 32,511 51,578
Impairment of indefinite and long-lived assets 236,515 7,380 3,312
(Gain) loss on sale of real estate (2,254) 5,689 0
Total operating expenses 2,781,634 2,826,865 2,641,820
Operating (loss) income (108,305) 87,870 72,970
Other income (expense)      
Interest expense (140,107) (116,127) (99,177)
Loss on debt extinguishment, modifications and termination of derivative instruments (2,482) (3,217) (5,689)
Loss from investments in partially owned entities (1,442) (918) (723)
Impairment of related party loan receivable (21,972) 0 0
Loss on put option (56,576) 0 0
Other, net 2,795 2,464 2,022
Loss from continuing operations before income taxes (328,089) (29,928) (30,597)
Income tax benefit (expense)      
Current (8,508) (3,725) (7,578)
Deferred 10,781 22,561 9,147
Income tax benefit 2,273 18,836 1,569
Net loss from continuing operations (325,816) (11,092) (29,028)
Net loss from discontinued operations (10,453) (8,382) (1,281)
Net loss (336,269) (19,474) (30,309)
Net (loss) income attributable to noncontrolling interests (54) (34) 146
Net loss attributable to Americold Realty Trust, Inc. $ (336,215) $ (19,440) $ (30,455)
Weighted average common stock outstanding – basic (in shares) 275,773,000 269,565,000 259,056,000
Weighted average common stock outstanding – diluted (in shares) 275,773,000 269,565,000 259,056,000
Net (loss) income per common share - basic (in USD per share) $ (1.18) $ (0.04) $ (0.11)
Net loss per common share from discontinued operations - basic (in USD per share) (0.04) (0.03) (0.00)
Basic loss per share (in USD per share) (1.22) (0.07) (0.12)
Net (loss) income per common share - diluted (in USD per share) (1.18) (0.04) (0.11)
Net loss per common share from discontinued operations - diluted (in USD per share) (0.04) (0.03) (0.00)
Diluted loss per share (in USD per share) $ (1.22) $ (0.07) $ (0.12)
Related Party      
Other income (expense)      
Impairment of related party loan receivable $ (21,972) $ 0 $ 0
Rent, storage, and warehouse services      
Operating expenses:      
Cost of operations 1,668,486 1,666,739 1,498,951
Transportation services      
Operating expenses:      
Cost of operations 197,630 265,956 282,716
Third-party managed services      
Operating expenses:      
Cost of operations 36,641 286,077 303,347
Operating Segments      
Revenues:      
Total revenues 2,673,329 2,914,735 2,714,790
Operating Segments | Rent, storage, and warehouse services      
Revenues:      
Total revenues 2,391,089 2,302,971 2,085,387
Operating Segments | Transportation services      
Revenues:      
Total revenues 239,670 313,358 312,092
Operating Segments | Third-party managed services      
Revenues:      
Total revenues $ 42,570 $ 298,406 $ 317,311
v3.24.0.1
Consolidated Statements of Comprehensive (Loss) Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]      
Net loss $ (336,269) $ (19,474) $ (30,309)
Other comprehensive (loss) income - net of tax:      
Adjustment to accrued pension liability (2,299) (2,376) 8,329
Change in unrealized net loss on foreign currency (4,937) (23,514) (6,315)
Unrealized (loss) gain on cash flow hedges (3,354) 15,318 6,887
Other comprehensive (loss) income - net of tax attributable to Americold Realty Trust, Inc. (10,590) (10,572) 8,901
Other comprehensive income (loss) attributable to noncontrolling interests 108 (51) 28
Total comprehensive loss $ (346,751) $ (30,097) $ (21,380)
v3.24.0.1
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, 2020   251,702,603        
Beginning balance at Dec. 31, 2020 $ 3,792,821 $ 2,517 $ 4,687,823 $ (895,521) $ (4,379) $ 2,381
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (30,309)     (30,455)   146
Other comprehensive (loss) income 8,929       8,901 28
Measurement period adjustment to record fair value of noncontrolling interests in consolidated joint venture from Agro acquisition 11,600         11,600
Purchase of noncontrolling interest holders share in consolidated joint venture (11,600)         (11,600)
Distributions on common stock, restricted stock and OP units (232,392)     (231,912)   (480)
Stock-based compensation expense 23,910   17,916     5,994
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares)   969,779        
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (10,284) $ 10 (10,294)      
Common shares issuance related to employee stock purchase plan (in shares)   63,260        
Common stock issuance related to employee stock purchase plan 1,920 $ 1 1,919      
Net proceeds from issuance of common stock (in shares)   15,546,950        
Net proceeds from issuance of common stock 474,481 $ 155 474,326      
Ending balance (in shares) at Dec. 31, 2021   268,282,592        
Ending 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) income (19,474)     (19,440)   (34)
Other comprehensive (loss) income (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 shares 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)     (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) income (336,269)     (336,215)   (54)
Other comprehensive (loss) income (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 shares 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
v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net loss $ (336,269) $ (19,474) $ (30,309)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 353,743 331,446 319,840
Amortization of deferred financing costs and pension withdrawal liability 5,095 4,833 4,425
Loss on debt extinguishment, modification and termination of derivative instruments, non-cash 2,482 3,217 5,565
Loss from investments in partially owned entities 5,553 9,300 2,004
Gain on extinguishment of new market tax credit structure 0 (3,410) 0
Loss on deconsolidation of subsidiary contributed 0 4,148 0
Stock-based compensation expense 23,592 27,137 23,931
Deferred tax benefit (10,781) (22,561) (9,147)
(Gain) loss from sale of real estate (2,254) 5,689 0
Loss on other asset disposals 2,869 3,556 279
Impairment of indefinite and long-lived assets 236,515 7,380 3,312
Provision for doubtful accounts receivable, net 6,422 7,394 6,466
Impairment of related party loan receivable 21,972 0 0
Loss on put option 56,576 0 0
Loss on classification of Comfrio as held for sale 4,616 0 0
Non-cash operating lease expense 42,841 52,330 59,405
Changes in operating assets and liabilities:      
Accounts receivable (2,748) (68,629) (60,476)
Accounts payable and accrued expenses 23,545 13,291 (7,504)
Other assets (49,635) (25,057) (12,325)
Operating lease liabilities (37,605) (34,162) (36,107)
Other 19,626 3,568 3,701
Net cash provided by operating activities 366,155 299,996 273,060
Investing activities:      
Additions to property, buildings and equipment (264,467) (308,365) (438,190)
Business combinations, net of cash acquired (46,653) (15,829) (741,353)
Acquisitions of property, buildings, equipment, and other assets, net of cash acquired (65,771) (14,581) (53,641)
Investment in partially owned entities and other (20,533) (14,427) (7,570)
Net payments for sale of business (discontinued operations) (4,616) 0 0
Proceeds from sale of property, buildings and equipment 8,071 4,713 959
Proceeds from sale of investments in partially owned entities 36,896 0 596
Net cash (used in) investing activities (357,073) (348,489) (1,239,199)
Financing activities:      
Distributions paid on common stock, restricted stock units and noncontrolling interests in OP (242,221) (238,709) (227,522)
Purchase of noncontrolling interest holders share in consolidated joint venture 0 0 (11,600)
Proceeds from stock options exercised 2,952 3,974 6,105
Proceeds from employee stock purchase plan 3,047 3,879 1,920
Remittance of withholding taxes related to employee stock-based transactions (3,375) (8,308) (16,886)
Proceeds from revolving line of credit 716,326 529,354 810,985
Repayment on revolving line of credit (832,519) (413,860) (405,000)
Repayment of sale-leaseback financing obligations (17,891) (7,835) (6,782)
Repayment of financing lease obligations (39,214) (33,860) (32,441)
Payment of debt issuance and extinguishment costs 0 (11,651) (3,760)
Repayment of term loans, mortgage notes, and notes payable 0 (269,659) (208,011)
Proceeds from term loans 0 470,000 50,000
Net proceeds from issuance of common stock 412,610 0 474,481
Net cash (used in) provided by financing activities (285) 23,325 431,489
Net increase (decrease) in cash, cash equivalents, and restricted cash 8,797 (25,168) (534,650)
Effect of foreign currency translation on cash, cash equivalents and restricted cash (1,468) (4,727) (3,443)
Cash, cash equivalents and restricted cash:      
Beginning of period 53,063 82,958 621,051
End of period 60,392 53,063 82,958
Supplemental disclosures of non-cash investing and financing activities:      
Deferred cash consideration for acquisitions 0 0 11,820
Addition of property, buildings and equipment on accrual 34,034 49,378 52,818
Addition of fixed assets under financing lease obligations 59,276 18,694 24,567
Addition of fixed assets under operating lease obligations 6,244 7,889 50,886
Supplemental disclosures of cash flows information:      
Interest paid – net of amounts capitalized 134,513 118,161 87,720
Income taxes paid – net of refunds 5,828 7,885 10,786
Allocation of purchase price to business combinations:      
Goodwill 794,004 1,033,637 1,072,980
Americold LATAM Holdings Ltd      
Allocation of purchase price to business combinations:      
Recognition of investment in unconsolidated LATAM joint venture 0 36,896 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Land      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (19,574) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Building and improvements      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (10,118) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Machinery and equipment      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (8,395) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Assets under construction      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (20) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accumulated depreciation      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 1,959 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Cash, cash equivalents and restricted cash      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (2,483) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accounts receivable      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (1,422) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Goodwill      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (6,653) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Other assets      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (309) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accounts payable and accrued expenses      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 1,105 0
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 to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 9,633 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accumulated other comprehensive loss      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (4,766) 0
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 to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (41,043) 0
Asset Acquisitions      
Allocation of purchase price of property, buildings and equipment to:      
Other assets and liabilities, net 239 0 0
Cash paid for acquisition of property, buildings and equipment 65,771 14,581 53,641
Business Acquisitions      
Allocation of purchase price to business combinations:      
Land 0 514 68,874
Buildings and improvements 0 8,218 188,792
Machinery and equipment 0 3,676 72,492
Assets under construction 0 0 373
Operating lease right-of-use assets 0 0 22,842
Financing Leases 0 0 417
Cash and cash equivalents 0 0 6,878
Accounts receivable 0 0 6,436
Goodwill 0 3,107 81,949
Other assets 0 25 3,998
Accounts payable and accrued expenses [1] 46,653 289 (12,620)
Financing lease obligations 0 0 (371)
Operating lease obligations 0 0 (14,450)
Unearned revenue 0 0 (2,807)
Deferred tax liability 0 0 (14,961)
Assets of discontinued operations - held for sale 86,085 0 0
Liabilities of discontinued operations - held for sale (86,085) 0 0
Total consideration, including common stock issued and deferred consideration 46,653 15,829 709,302
Customer relationship | Business Acquisitions      
Allocation of purchase price to business combinations:      
Customer relationships 0 0 301,460
Land | Asset Acquisitions      
Allocation of purchase price of property, buildings and equipment to:      
Property, plant and equipment, additions 15,551 3,628 3,933
Building and improvements | Asset Acquisitions      
Allocation of purchase price of property, buildings and equipment to:      
Property, plant and equipment, additions 35,551 8,289 33,824
Machinery and equipment | Asset Acquisitions      
Allocation of purchase price of property, buildings and equipment to:      
Property, plant and equipment, additions $ 14,430 $ 2,664 $ 15,884
[1]
(1)Accounts payable and accrued expenses activity as of December 31, 2023 represents the relief of the remaining put option liability for Comfrio.
v3.24.0.1
Description of the Business
 12 Months Ended
Dec. 31, 2023
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 (“ART”, the Company, 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 the world’s largest publicly traded REIT focused on the ownership, operation and development of temperature-controlled warehouses. The Company is organized as a self-administered and self-managed REIT with proven operating, acquisition and development experience. As of December 31, 2023, we operated a global network of 245 temperature-controlled warehouses encompassing approximately 1.5 billion cubic feet, with 197 warehouses in North America, 27 in Europe, 19 warehouses in Asia-Pacific, and 2 warehouses in South America. In addition, we hold two minority interests in joint ventures, one with SuperFrio, which owns or operates 35 temperature-controlled warehouses in Brazil, and one with the RSA JV, which owns 2 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. The REIT is the sole general partner of the Operating Partnership, owning 99% of the common general partnership interests as of December 31, 2023. 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, 2023. Additionally, the aggregate partnership interests of all other limited partners was less than 0.1% as of December 31, 2023. 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. The terms “Americold,” the “Company,” “we,” “our” and “us” refer to Americold Realty Trust, Inc. and all of its consolidated subsidiaries, including the Operating Partnership.
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, 2023 or December 31, 2022.
On May 25, 2022, the Company completed its conversion from a Maryland real estate investment trust 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. As a result of this conversion, several references in this Form 10-K have been updated accordingly. 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
In connection with filing our ATM Equity Offering Sales Agreement on March 17, 2023, the Company and the Operating Partnership filed with the SEC an automatic shelf registration statement on Form S-3 (Registration Nos. 333-230664 and 333-230664-01) (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 will be fully and unconditionally guaranteed by the Company.
At the Market (“ATM”) Equity Program
On March 17, 2023, we entered into an equity distribution agreement pursuant to which we may sell, from time to time, up to an aggregate sales price of $900.0 million of our common shares through an ATM Equity Program (the “2023 ATM Equity Program”). Sales of our common stock made pursuant to the 2023 ATM Equity Program may 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 us. Sales may also be made on a forward basis pursuant to separate forward sale agreements. During the year ended December 31, 2023, we sold 13,244,905 common shares sold under the 2023 ATM Equity Program for net proceeds of $412.6 million. The net proceeds from sales of our common stock pursuant to the March 2023 ATM Equity Program were used to repay a portion on the revolver borrowings.
On November 9, 2023, we entered into an equity distribution agreement that was substantially identical to and replaced the March 2023 equity distribution agreement, and 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.
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 plan agreements in order to provide for a limited lump-sum window for eligible participants. The Company filed the Application for Determination Upon Termination with the Internal Revenue Service in July 2023. The Company has chosen to proceed with the distributions without waiting for the final letter of favorable determination. The Company filed the appropriate documents related to the termination of the ARIP with the
Pension Benefit Guaranty Corporation and any other appropriate parties during the three months ended September 30, 2023.
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 Company’s purchase of the annuity contract from Principal constituted a settlement of the ARIP. The relief of the related net liability and recognition of deferred loss in "Accumulated other comprehensive loss” (AOCI) on the Consolidated Balance Sheet, 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.
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, remediate, and commence a forensic investigation. Actions taken included preventative measures such as shutting down certain operating systems and 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 normal operations prior to June 30, 2023.

The Company is continuing to invest in information technology with the intent of strengthening its information security infrastructure. We engaged a leading cybersecurity defense firm that completed a forensic investigation of the incident and provided recommended actions in response to the findings. As of December 31, 2023, the Company has completed the material remediation activities associated with the Cyber incident and continues to enhance its policies and procedures meant to assess, identify, and effectively manage cybersecurity risks, threats, and incidents. For example, the Company reset all credentials across the enterprise and strengthened security tooling across its servers and workstations. The Company has also reinforced its strategy to further strengthen the resiliency of its information security infrastructure, which is intended to accelerate the detection, response, and recovery from security and technical incidents. The Company is also engaged with cyber security experts to manage the remediation. Incremental charges recorded in conjunction with remediation and response efforts associated with the Cyber incident were $28.9 million during the year ended December 31, 2023, and have been recorded 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.
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. Since going public in 2018, we have acquired over 100 facilities, or approximately 40% of our total warehouse facility network. Project Orion will enable us to better integrate many of these recent acquisitions and position us well for the integration of future acquisitions. 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 plant 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 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. Since inception, the Company has incurred $61.8 million of implementation costs related to Project Orion of which $43.9 million has been deferred within “Other Assets” on the Consolidated Balance sheet and $13.9 million and $3.9 million were recognized within Acquisition, cyber incident, and other, net for the years ended December 31, 2023 and 2022 respectively.
v3.24.0.1
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2023
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”). The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. 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. Intercompany balances and transactions have been eliminated.
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 and Asset Acquisitions to the Consolidated Financial Statements, the Comfrio business met the held for sale criteria upon acquisition 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 Statement of Operations. In conjunction with the sale, the Company also removed the related assets and liabilities of the business previously classified as assets and liabilities held for sale.
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 Statement of Operations herein. Lastly, the Consolidated Statement of Cash Flows includes includes various reclassifications, all within cash provided by operating activities, to conform current and prior period presentation.
Significant Risks and Uncertainties
The Company was negatively impacted by the COVID-19 pandemic during the years ended December 31, 2022, and 2021 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. Over the last twelve months, 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. We believe we are positioned to address continued inflationary pressure as it arises through our ability to increase pricing with our customers.
Refer to Item 1A - Risk Factors for a detailed discussion of other risk and uncertainties.
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, 2023, 2022 and 2021, the Company recorded depreciation expense of $316.8 million, $295.7 million and $284.6 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 “(Gain) loss on sale of real estate” in the accompanying Consolidated Statement of Operations as a component of operating expenses.
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 and declines in occupancy) 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, 2023, 2022 and 2021, the Company recorded long-lived asset impairment charges of $236.5 million, $7.4 million and $3.3 million, respectively, within “Impairment of indefinite and long-lived assets” on the accompanying Consolidated Statements of 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 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 use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. 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 lease right-of-use assets” 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 lease right-of-use assets”, “Accounts payable and accrued expenses” and “Operating lease obligations” on our Consolidated Balance Sheets. Financing lease assets are included in “Financing leases – net”, “Accounts payable and accrued expenses” 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 generally relate 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 use 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, 2023, 2022 and 2021.
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. Customer relationship amortization expense for the years ended December 31, 2023, 2022 and 2021 was $36.9 million, $35.7 million and $34.2 million, respectively. The Company reviews these intangible assets for impairment when circumstances indicate the carrying amount may not be recoverable. There were no impairments to customer relationship assets for the years ended December 31, 2023, 2022 and 2021.
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.
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, macro economic conditions, 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, 2023, our reporting units which had a goodwill balance included the following: North America warehouse, North America transportation, Europe warehouse and Asia-Pacific warehouse.

Goodwill
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 include 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 entailed 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 are estimates and use Level 3 inputs. The estimation of the net present value of future cash flows is 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 are the most subjective and/or complex. These assumptions are 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. The results of our 2023 impairment test for our reporting units other than Europe warehouse 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.

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 is immaterial. Historically, our reporting units have generated sufficient returns to recover the value of goodwill.
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, 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 (in thousands):
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
Year ended December 31, 2023
$15,951 6,422 6,296 (7,022)$21,647 
Year ended December 31, 2022
$18,755 7,394 4,514 (14,712)$15,951 
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 line of credit are classified as Other assets, whereas deferred financing costs related to debt are offset against the related principal balance, as applicable 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 Statement 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 Revenue), transportation services (Transportation Revenue) and third-party managed services for locations or logistics services managed on behalf of customers (Third-Party Managed Revenue). 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, some excise taxes).
Warehouse Revenue
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. Multiple contracts with a single counterparty are accounted for as separate arrangements.
Transportation Revenue
The Company records transportation revenue 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 Revenue
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 revenue 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 revenue 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.
Contracts with Multiple Service Lines
When considering contracts containing more than one service to a customer, a contract’s transaction price is pre-defined or allocated to each distinct performance obligation and recognized as revenue when, or as the performance obligation is satisfied, either over time as work progresses, or at a point in time. For contracts with multiple service lines or distinct performance obligations, the Company evaluates and allocates the contract’s transaction price to each performance obligation using our best estimate of the standalone selling price of each distinct good or service in the contract. The primary method used to estimate standalone selling price is the expected cost plus a margin approach, under which the Company forecasts expected costs of satisfying a performance obligation and then adds an appropriate margin for that distinct good or service.
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, 2023, 2022 and 2021. 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, 2023, 2022 and 2021, 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, 2023. 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
202320222021
Ordinary income
66 %41 %41 %
Capital gains
0 %0 %0 %
Return of capital
34 %59 %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. We are still evaluating the potential consequences of Pillar 2 on our longer-term financial position but we do not expect a material impact in 2024.

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 sheet 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 fair value of the plan assets and 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 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 income (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 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 “Accumulated other comprehensive income (loss)”. Refer to Note 10-Derivatives 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 “Change in unrealized net 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 “Change in unrealized net loss on foreign currency” on the accompanying Consolidated Statements of Comprehensive (Loss) Income. Refer to Note 10-Derivatives for further details.
Recent Accounting Pronouncements
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. Early adoption is permitted. The Company is currently evaluating the impact of this standard on our disclosures.
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 financial statements. ASU 2023-07 is effective retrospectively for fiscal years beginning after December 15, 2023 and for interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of this standard on our disclosures.
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.
v3.24.0.1
Business Combinations and Asset Acquisitions
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Business Combinations and Asset Acquisitions Business Combinations and Asset Acquisitions
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 approximately $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. The relative fair values were estimated using the principles of ASC 805 and ASC 820. We allocated the cost of the acquisition as follows: Land ($4.4 million), building and improvements ($13.0 million), machinery and equipment ($5.2 million), cash ($1.0 million), accounts receivable ($0.7 million) and other assets ($0.5 million). 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 during the year ended December 31, 2023, 2022, and 2021 are included in the table below.
As of December 31,
(In Thousands)202320222021
Results of discontinued operations
Revenue $29,471 $— $— 
Operating expenses 32,088 — — 
Estimated costs of disposal 4,616 — — 
Loss from partial investment pre-acquisition4,111 8,382 1,281 
Gain from sale of Comfrio (1,082)— — 
Pre-tax loss(10,262)(8,382)(1,281)
Income tax expense (191)— — 
Loss - discontinued operations, net of tax$(10,453)$(8,382)$(1,281)

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
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. The acquisition accounting was finalized during the year ended 2023, and there were no material measurement period adjustments during the year ended December 31, 2023. We have included the financial results of the acquired operations in our Warehouse segment since the date of the acquisition.
v3.24.0.1
Investments in Partially Owned Entities
 12 Months Ended
Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Partially Owned Entities Investments in Partially Owned Entities
As of December 31, 2023 and December 31, 2022, our investments in partially owned entities accounted for under the equity method of accounting presented in our Consolidated Balance Sheets consists of the following (in thousands):
Joint VentureLocation% Ownership 2023December 31, 2023% Ownership 2022December 31, 2022
SuperfrioBrazil14.99%$32,35014.99 %$30,445
RSADubai49.00%4,073— %—
ComfrioBrazil—%—22.12 %1,435
LATAMChile—%—15.00 %36,943
$36,423$68,823
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
SuperFrio is a Brazilian-based company that provides temperature-controlled storage and logistics services including storage, warehouse services, and transportation.
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 the joint venture.
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 JV during 2023 and 2022, and no further contributions are expected at this time.
RSA Joint venture
On February 28, 2023, the Company purchased a 49% equity interest in a newly formed entity, the RSA JV, in a transaction that is accounted for as a joint venture. In exchange for our equity interest, the Company paid $4.0 million in total. RSA Cold Holdings Limited contributed their Dubai cold storage business, which consists of a single cold storage warehouse, in exchange for the remaining 51% equity interest in the joint venture. As a result of this transaction, we recognized our subsidiary’s 49% equity investment in the RSA JV at its estimated fair value of $4.0 million within “ Investments in and advances to partially owned entities ” on the Consolidated Balance Sheets. Under the terms of the JV agreement, the Company has a call right that enables it to purchase all remaining issued and outstanding shares of the RSA JV 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 Bridge Loan Agreement with the JV (the “Bridge Loan”), extending a short-term financing (i.e., unsecured credit facility) to the JV, through which the JV can draw down up to approximately $7.4 million and use it to fund its Phase 2 construction. The outstanding balance as of December 31, 2023 is $1.7 million and is recognized within “ Investments in and advances to partially owned entities ” on the Consolidated Balance Sheets.

Comfrio Joint Venture
As a result of the Agro acquisition which closed on December 30, 2020, the Company acquired Agro’s 22.12% 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 and Asset Acquisitions for further information regarding the acquisition and disposition of the Comfrio portfolio.
During the year ended December 31, 2022, the Company entered into a loan agreement with Comfrio, in which Comfrio is allowed to borrow $25 million from Americold at a 10% annual fixed interest rate. As of December 31, 2022, the loan receivable and related accrued interest due from Comfrio of $10.1 million is reflected under “ Investments in and advances to partially owned entities ” on the Consolidated Balance Sheets. 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.
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 interests, and we contributed our Chilean business upon formation of the joint venture and retained the remaining 15% equity interests in the joint venture. Our JV partner’s contribution commitment includes an initial contribution of $8 million at closing and the remainder as a contribution receivable to the LATAM JV. The JV partner must complete its remaining contribution payments over the next four-year period through December 31, 2025 and in doing so, it retains its 85% equity ownership during this period. As a result of this transaction, we recognized a loss of approximately $4.1 million within “Other income (expense)” 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 investment in the LATAM JV at its estimated fair value of $37.0 million within “ Investments in and advances to partially owned entities ” on the Consolidated Balance Sheets.
On May 30, 2023, the Company sold its remaining 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.
v3.24.0.1
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2023
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, 2023, 2022 are as follows (in thousands):
WarehouseTransportationThird-party managedTotal
(In thousands)
December 31, 2021$1,040,115 $29,654 $3,211 $1,072,980 
Goodwill acquired
3,076 — — 3,076 
Purchase price allocation adjustments(5,048)— — (5,048)
Derecognition of Goodwill upon deconsolidation of entity(6,653)— — (6,653)
Goodwill Impairment— — (3,211)(3,211)
Impact of foreign currency translation
(27,507)— — (27,507)
Other adjustments(14,697)14,697 — — 
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, 2023$749,653 $44,351 $— $794,004 
Refer to Note 2-Summary of Significant Accounting Policies for additional information regarding the goodwill impairment charges recorded during 2023 and 2022.
Intangible assets, other than goodwill, are as follow as of December 31, 2023 and 2022 (in thousands):
As of
December 31, 2023December 31, 2022
Intangible assetGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Customer relationship$1,023,107 $(141,077)$882,030 $1,013,258 $(103,615)$909,643 
In-place lease and assembled workforce$4,254 $(3,946)$308 $4,825 $(4,322)$503 
Trade name $16,700 $(1,623)$15,077 $16,700 $(1,623)$15,077 
Total intangible assets, other than goodwill$1,044,061 $(146,646)$897,415 $1,034,783 $(109,560)$925,223 
The change in gross carrying amount for customer relationship assets from December 31, 2022 to 2023 is due to a increase in foreign exchange rate movement of $9.8 million. The change in accumulated amortization for intangible assets from December 31, 2022 to 2023 is due to amortization expense of $36.9 million.
The estimated amortization for each of the next five years is approximately $37.0 million, and approximately $697.4 million thereafter. The weighted average remaining useful life as of December 31, 2023 for our customer relationships is 26 years and for our assembled workforce is 2.8 years. There is no remaining net carrying amount
related to In-place lease as of December 31, 2023. Additionally, we have an indefinite-lived Trade name asset with a carrying value of $15.1 million as of December 31, 2023 and 2022, respectively.
v3.24.0.1
Other Assets
 12 Months Ended
Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets Other Assets
Other assets as of December 31, 2023 and 2022 are as follows (in thousands):
20232022
Capitalized costs related to Project Orion$43,948 $3,255 
Prepaid accounts40,942 26,490 
Inventory and supplies30,719 29,297 
Value Added Tax Receivable17,339 12,103 
Fair Value of Derivatives15,480 23,520 
Other45,650 64,040 
$194,078 $158,705 
v3.24.0.1
Accounts Payable and Accrued Expenses
 12 Months Ended
Dec. 31, 2023
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses Accounts Payable and Accrued Expenses
Accounts payable and accrued expenses as of December 31, 2023 and 2022 are as follows (in thousands):
20232022
Trade payables$201,094 $215,255 
Accrued payroll and employee benefits107,663 107,238 
Other accrued expenses91,312 70,218 
Dividends payable63,564 60,419 
Accrued utilities, property taxes, and warehouse costs43,702 44,107 
Accrued workers’ compensation expenses33,030 31,943 
Accrued interest28,399 28,360 
$568,764 $557,540 
v3.24.0.1
Acquisition, Cyber Incident and Other, Net
 12 Months Ended
Dec. 31, 2023
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 (in thousands):
Years Ended December 31,
Acquisition, cyber incident, and other, net202320222021
Cyber incident related costs, net of insurance recoveries$28,877 $(2,210)$(447)
Project Orion expenses13,929 3,945 — 
Severance costs11,668 6,530 8,908 
Acquisition and integration related costs5,094 20,073 39,265 
Other, net1,500 (160)751 
Pension plan termination charges 2,461 — — 
Litigation558 179 2,217 
Terminated site operations costs— 4,154 884 
Total acquisition, cyber incident and other, net$64,087 $32,511 $51,578 
Cyber incident related costs include third-party fees incurred in connection with cyber incidents, as well as any incremental costs, internal and external, incurred to restore operations at our facilities and damage claims. Any subsequent reimbursements from insurance coverage for expenses incurred in connection with the event are also reflected within this category and recorded upon receipt of agreement from the insurer.

Project Orion expenses represent the non-capitalizable portion of our Project Orion costs, which is an investment in and transformation of our technology systems, business processes and customer solutions. The project includes the implementation of a new, state-of-the-art, cloud-based enterprise resource planning (“ERP”) software system.

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 in Europe and reduction in workforce costs associated with exiting or selling non-strategic warehouses or businesses.

Acquisition 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 and Asset Acquisitions for further information regarding recent acquisitions.

Other, net expense during the year ended December 31, 2023 relates to insurance deductibles for damages to our warehouses resulting from a hail storm and roof collapse.
During the year ended December 31, 2023 the Company incurred charges related to the termination of the Americold Retirement Income Plan (“ARIP”) resulting in the recognition of a $2.5 million settlement loss. Refer to Note 1-Description of the Business of the Consolidated Financial Statements for additional information.
Litigation costs consist of expenses incurred in order to defend the Company from litigation charges outside of the normal course of business as well as related settlements not in the normal course of business. In the event that an estimated loss contingency is subsequently settled in a favorable manner, the related benefit is also recorded herein. Litigation costs incurred in connection with matters arising from the ordinary course of business are expensed as a component of “Selling, general and administrative” on the Consolidated Statements of Operations.
Terminated site operations costs relates 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.
v3.24.0.1
Debt
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Debt Debt
The following table reflects a summary of our outstanding indebtedness (in thousands):
December 31, 2023December 31, 2022
Carrying AmountCarrying Amount
Senior Unsecured Notes$1,777,925 $1,752,875 
Senior Unsecured Term Loans833,775 829,450 
Senior Unsecured Revolving Credit Facility392,156 500,052 
Total principal amount of indebtedness$3,003,856 $3,082,377 
Less: unamortized deferred financing costs
(10,578)(13,044)
Total indebtedness, net of deferred financing costs
$2,993,278 $3,069,333 
The following tables provides the details of our Senior Unsecured Notes (balances in thousands):
December 31, 2023December 31, 2022
Stated Maturity DateContractual Interest RateBorrowing CurrencyCarrying Amount (USD)Borrowing CurrencyCarrying Amount (USD)
Series A Notes
01/20264.68%$200,000 $200,000 $200,000 $200,000 
Series B Notes
01/20294.86%$400,000 $400,000 $400,000 $400,000 
Series C Notes
01/20304.10%$350,000 $350,000 $350,000 $350,000 
Series D Notes01/20311.62%€400,000 $441,560 €400,000 $428,200 
Series E Notes01/20331.65%€350,000 $386,365 €350,000 $374,675 
Total Senior Unsecured Notes
$1,777,925 $1,752,875 
The following tables provides the details of our Senior Unsecured Term Loans (balances in thousands):
December 31, 2023December 31, 2022
Contractual Interest Rate(1)
Borrowing CurrencyCarrying Amount (USD)
Contractual Interest Rate(1)
Borrowing CurrencyCarrying Amount (USD)
Tranche A-1SOFR + 0.94%$375,000 $375,000 SOFR + 0.95%$375,000 375,000 
Tranche A-2CDOR + 0.94%C$250,000 188,775 CDOR + 0.95%C$250,000 184,450 
Delayed Draw Tranche A-3SOFR + 0.94%$270,000 270,000 SOFR + 0.95%$270,000 270,000 
Total Senior Unsecured Term Loan Facility
$833,775 $829,450 
(1) S = one-month Adjusted Term SOFR; C = one-month CDOR. Tranche A-1 and Tranche A-3 SOFR includes an adjustment of 0.10%, in addition to the margin. While the above reflects the contractual rate, refer to the description below of the Senior Unsecured Credit Facility for details of the portion of these Term Loans that are hedged, therefore, at a fixed interest rate for the duration of the respective swap agreement. Refer to Note 10 for details of the related interest rate swaps.
The following table provides the details of our Senior Unsecured Revolving Credit Facility (balances in thousands):
December 31, 2023December 31, 2022
Denomination of Draw
Contractual Interest Rate (1)
Borrowing CurrencyCarrying Amount (USD)
Contractual Interest Rate(1)
Borrowing CurrencyCarrying Amount (USD)
U.S. dollarSOFR + 0.84%$34,000 $34,000 SOFR + 0.85%$225,000 $225,000 
Australian dollarBBSW + 0.84%A$191,000 $130,108 BBSW + 0.85%A$146,000 $99,470 
British pound sterlingSONIA + 0.84%£78,000 $99,302 SONIA + 0.85%£76,500 $92,435 
Canadian dollarCDOR + 0.84%C$35,000 $26,429 CDOR + 0.85%C$50,000 $36,890 
EuroEURIBOR + 0.84%€67,500 $74,513 EURIBOR + 0.85%€35,500 38,003 
New Zealand dollarBKBM + 0.84%NZD44,000 $27,804 BKBM + 0.85%NZD12,998 8,254 
Total Senior Unsecured Revolving Credit Facility
$392,156 $500,052 
(1) S = one-month Adjusted SOFR; C = one-month CDOR; E = Euro Interbank Offered Rate (EURIBOR), SONIA = Adjusted Sterling Overnight Interbank Average Rate, BBSW = Bank Bill Swap Rate, BKBM = Bank Bill Reference Rate. We have elected 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. Our British pound sterling borrowings bear interest tied to adjusted SONIA which includes an adjustment of 0.03% in addition to our margin.
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 years ended December 2022 and 2021, the Company recorded $0.6 million and $2.9 million, respectively, to “Loss on debt extinguishment, modifications and termination of derivative instruments” in the accompanying Consolidated Statements of Operations. No refinancings occurred during the year ended December 31, 2023.
Revolving 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” in the accompanying Consolidated Balance Sheets totaling $6.4 million and $8.8 million as of December 31, 2023 and December 31, 2022, respectively. These fees are amortized as interest expense under the straight-line method as the impact of amortizing under effective interest method is not materially different.

Term Loan
The Senior Unsecured Term Loan A consists of three tranches. Tranche A-1 consists of a $375 million USD term loan, an increase from the previous amount of $175 million USD, with a maturity date of August 2025; however, the Company has the option to extend maturity up to two times, each for a twelve months 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 cost” on the accompanying Consolidated Balance Sheets totaling $3.1 million and $4.2 million as of December 31, 2023, and December 31, 2022, respectively. These amounts are amortized as interest expense under the effective interest method through the maturity date.
There were $20.8 million letters of credit issued on the Company’s Senior Unsecured Revolving Credit Facility as of December 31, 2023.
Our Senior Unsecured Revolving Facility contains representations, covenants and other terms customary for a publicly traded REIT. 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, 2023, the Company was in compliance with all debt covenants.

Series A, B, C, D, and E Senior Unsecured Notes
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 (“Series C”). Interest is payable on January 8 and July 8 of each year until maturity.

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 (“Series A”) and (ii) $400.0 million senior unsecured notes with a coupon of 4.86% due January 8, 2029 (“Series B”). 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) €400.00 million senior unsecured notes with a coupon of 1.62% due January 7, 2031 (“Series D”) and (ii) €350,000 senior unsecured notes with a coupon of 1.65% due January 7, 2033 (“Series E”). Interest is payable on January 7 and July 7 of each year until maturity. In connection with entering into the agreement, we incurred approximately $4.5 million of debt issuance costs related to the issuance, which we amortize as interest expense under the effective interest method.
The Series A, B, C, D, and E senior notes (collectively referred to as the “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, 2023, the Company was in compliance with all debt covenants.
2013 Mortgage Loans
On May 1, 2013, we entered into a mortgage financing in an aggregate principal amount of $322.0 million, which we referred to as the 2013 Mortgage Loans. The debt consisted of a senior debt note and two mezzanine notes. The components were cross-collateralized and cross-defaulted. The senior debt note required monthly principal payments. The mezzanine notes required no principal payments until the stated maturity date in May 2023. The 2013 Mortgage Loans became prepayable at par and the Company repaid at that time using proceeds from the Senior Unsecured Tranche A-3 term loan on November 1, 2022. Cash outflows related to this prepayment are included in Repayment of term loans, mortgage notes, and notes payable on the Consolidated statement of cash flows for the year-ended December 31, 2022.
Aggregate future repayments of indebtedness
The aggregate maturities of indebtedness as of December 31, 2023 for each of the next five years and thereafter, are as follows:
Years Ending December 31:
(In thousands)
2024$—
2025—
2026200,000
2027767,156 
2028458,775
Thereafter
1,577,925
Aggregate principal amount of debt
3,003,856
Less unamortized deferred financing costs
(10,578)
Total debt net of deferred financing costs
$2,993,278
v3.24.0.1
Derivative Financial Instruments
 12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Designated Non-derivative Financial Instruments
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 our net investment in the respective international subsidiaries. As of December 31, 2022, the Company designated £76.5 million, A$146.0 million and €785.5 million debt and accrued interest as a hedge of our net investment in the respective international subsidiaries. The remeasurement of these instruments is recorded in “Change in unrealized net loss on foreign currency” on the accompanying Consolidated Statements of Comprehensive (Loss) Income.
Refer to Note 18-Accumulated Other Comprehensive Income (Loss) for additional details regarding the impact of the Company’s net investment hedges on AOCI for the years ended December 31, 2023, 2022 and 2021.
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. During 2022, the Company completed a refinancing of its Senior Unsecured Credit Facility. As a result of this refinancing, the Company’s variable interest rate exposure increased. To manage this risk, the Company entered into several interest rate swap agreements. These agreements involved 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 was 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, 2023 and December 31, 2022 (fair value in thousands):
NotionalFixed Base Interest Rate SwapEffective DateExpiration Date
Asset Fair Value as of December 31, 2023
Liability Fair Value as of December 31, 2023
$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 
NotionalFixed Base Interest Rate SwapEffective DateExpiration DateAsset Fair Value as of December 31, 2022Liability Fair Value as of December 31, 2022
$200 million
3.65%9/23/202212/29/2023$2,240 $— 
$200 million
3.05%12/29/20237/30/20272,328 — 
$175 million
3.47%11/30/20227/30/20272,020 — 
$270 million
3.05%11/01/202212/31/20278,034 — 
C$250 million
3.59%9/23/202212/31/2027950 — 
Total$15,572 $— 
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 Income” and is being amortized to “Loss on debt extinguishment, modifications and termination of derivative instruments” through 2024. The amortization of costs recognized in the Consolidated Statements of Operations from terminating these swaps was $2.5 million, $2.5 million, and $2.7 million during the years ended December 31, 2023, 2022, and 2021, respectively.
The Company is subject to volatility in foreign exchange rates due to foreign-currency denominated intercompany loans. The Company implemented cross-currency swaps to manage the foreign currency exchange rate risk on certain intercompany loans. These agreements effectively mitigate the Company’s exposure to fluctuations in cash flows due to foreign exchange rate risk. These agreements involve 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 loans receivable balance of A$153.5 million was hedged under the cross-currency swap agreements at December 31, 2023 and 2022. 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 NZD 37.5 million, which matured on December 13, 2023.
For derivatives designated and that qualify as cash flow hedges of foreign exchange risk, the gain or loss on the derivative is recorded as “Unrealized 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 item as the earnings effect of the hedged transaction. During the next year, the Company estimates that an additional $0.2 million will be reclassified as an increase to Foreign currency exchange loss (a component of “Other, net” on the Consolidated Statements of Operations) and an additional $11.7 million will be reclassified as a decrease to “Interest expense” and a corresponding increase to operating cash flows. Additionally, during the next year, the Company estimates that an additional $1.0 million will be reclassified as an increase to “Loss on debt extinguishment, modifications and termination of derivative instruments” related to the 2020 termination described above.
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, 2023 and December 31, 2022 (in thousands):

Derivative AssetsDerivative Liabilities
December 31, 2023December 31, 2022December 31, 2023December 31, 2022
Designated derivatives
Foreign exchange contracts$5,899 $7,948 $— $— 
Interest rate contracts9,581 15,572 330 — 
Total fair value of derivatives$15,480 $23,520 $330 $— 

The following tables present the effect of the Company’s designated derivative financial instruments on the accompanying Consolidated Statements of Operations for the years ended December 31, 2023, 2022 and 2021, including the impacts to AOCI (in thousands):
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on DerivativeLocation of Gain or (Loss) Reclassified from AOCI into IncomeAmount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Net Income
As of December 31,As of December 31,
202320222021202320222021
Interest rate contracts$7,504 $15,572 $— Interest expense$13,825 $721 $— 
Loss on debt extinguishment, modifications and termination of derivative instruments(1)
(2,513)(2,507)(2,681)
Foreign exchange contracts1,028 5,933 11,626 Foreign currency exchange (loss) gain, net200 7,602 7,595 
Interest expense374 371 (175)
Total designated cash flow hedges$8,532 $21,505 $11,626 $11,886 $6,187 $4,739 
(1) In conjunction with the termination of interest rate swaps in 2020, the Company recorded amounts in other comprehensive income that will be reclassified as an adjustment to earnings over the term of the original hedges and respective borrowings through August 30, 2024. During the year ended December 31, 2023, the Company recorded an increase to “Loss on debt extinguishment, modifications and termination of derivative instruments” related to this transaction.

The Company’s derivatives are subject to master netting agreements, but there was no impact of offsetting as of December 31, 2023 and December 31, 2022.

As of December 31, 2023 and December 31, 2022, 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.
v3.24.0.1
Sale-Leasebacks of Real Estate
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Sale-Leasebacks of Real Estate Sale-Leasebacks of Real Estate
The Company’s outstanding sale-leaseback financing obligations of real estate-related long-lived assets as of December 31, 2023 and 2022 are as follows:
Maturity
Interest Rate as of December 31, 2023
20232022
(In thousands)
1 warehouse – 2010
7/203010.34%$16,912 $17,607 
11 warehouses – 2007
9/2027
7.00% - 19.59%
78,735 84,406 
3 facilities - 2007 (Agro)
7/203110%60,987 63,550 
1 facility - 2013 (Agro)
12/203310%5,303 5,526 
Total sale-leaseback financing obligations$161,937 $171,089 
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 was accounted for as financing. 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 financing. 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.

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. All of the 11 warehouses subject to the sale-leaseback transaction continue to be accounted for as a financing.

As of December 31, 2023, 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)
2024$27,787 
202528,075 
202628,363 
202725,123 
202813,233 
Thereafter
115,801 
Total minimum payments
238,382 
Interest portion
(76,445)
Present value of net minimum payments
$161,937 
v3.24.0.1
Lease Accounting
 12 Months Ended
Dec. 31, 2023
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 30 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, 2023, 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 (in thousands):
Years Ended December 31,
202320222021
Components of lease expense:
Operating lease cost (a)
$44,971 $52,331 $59,405 
Financing lease cost:
Depreciation
26,129 25,687 29,743 
Interest on lease liabilities
444 3,063 7,135 
Sublease income
(5,856)(7,991)(3,785)
Net lease expense
$65,688 $73,090 $92,498 
(a) Includes short-term lease and variable lease costs, which are immaterial.
Other information related to leases is as follows:
Years Ended December 31,
202320222021
Supplemental Cash Flow Information (in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$(35,510)$(42,949)$(52,226)
Financing cash flows from finance leases
$(39,214)$(33,860)$(32,441)
Right-of-use assets obtained in exchange for lease obligations
Operating leases
$6,244 $7,889 $50,886 
Finance leases
$59,276 $18,694 $24,567 
Weighted-average remaining lease term (years)
Operating leases
10.611.111.7
Finance leases
3.93.33.6
Weighted-average discount rate
Operating leases
2.8 %2.8 %2.7 %
Finance leases
3.9 %3.2 %3.4 %
Future minimum lease payments under non-cancellable leases as of December 31, 2023 were as follows (in thousands):
Years ending December 31,Operating Lease PaymentsFinance Lease PaymentsTotal Lease Payments
2024$35,335 $36,917 $72,252 
202531,328 24,554 55,882 
202627,506 19,776 47,282 
202725,050 14,732 39,782 
202823,710 8,294 32,004 
Thereafter135,588 2,062 137,650 
Total future minimum lease payments$278,517 $106,335 $384,852 
Less: Interest(38,266)(9,158)(47,424)
Total future minimum lease payments less interest$240,251 $97,177 $337,428 
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 15 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-Revenues 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 $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. The portion of these assets that are applicable to the operating leases where we are the lessor totaled $118.5 million and $91.1 million, for
Land and Buildings and improvements, on a gross and net basis, respectively, as of December 31, 2022. Depreciation expense for such assets was $4.3 million, $4.2 million and $4.2 million for the years ended December 31, 2023, 2022 and 2021.
Future minimum lease payments due from our customers on leases as of December 31, 2023 were as follows (in thousands):
Year ending December 31,Operating Leases
2024$47,849 
202535,372 
202630,209 
202724,438 
202821,121 
Thereafter53,616 
Total$212,605 
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 30 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, 2023, 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 (in thousands):
Years Ended December 31,
202320222021
Components of lease expense:
Operating lease cost (a)
$44,971 $52,331 $59,405 
Financing lease cost:
Depreciation
26,129 25,687 29,743 
Interest on lease liabilities
444 3,063 7,135 
Sublease income
(5,856)(7,991)(3,785)
Net lease expense
$65,688 $73,090 $92,498 
(a) Includes short-term lease and variable lease costs, which are immaterial.
Other information related to leases is as follows:
Years Ended December 31,
202320222021
Supplemental Cash Flow Information (in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$(35,510)$(42,949)$(52,226)
Financing cash flows from finance leases
$(39,214)$(33,860)$(32,441)
Right-of-use assets obtained in exchange for lease obligations
Operating leases
$6,244 $7,889 $50,886 
Finance leases
$59,276 $18,694 $24,567 
Weighted-average remaining lease term (years)
Operating leases
10.611.111.7
Finance leases
3.93.33.6
Weighted-average discount rate
Operating leases
2.8 %2.8 %2.7 %
Finance leases
3.9 %3.2 %3.4 %
Future minimum lease payments under non-cancellable leases as of December 31, 2023 were as follows (in thousands):
Years ending December 31,Operating Lease PaymentsFinance Lease PaymentsTotal Lease Payments
2024$35,335 $36,917 $72,252 
202531,328 24,554 55,882 
202627,506 19,776 47,282 
202725,050 14,732 39,782 
202823,710 8,294 32,004 
Thereafter135,588 2,062 137,650 
Total future minimum lease payments$278,517 $106,335 $384,852 
Less: Interest(38,266)(9,158)(47,424)
Total future minimum lease payments less interest$240,251 $97,177 $337,428 
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 15 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-Revenues 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 $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. The portion of these assets that are applicable to the operating leases where we are the lessor totaled $118.5 million and $91.1 million, for
Land and Buildings and improvements, on a gross and net basis, respectively, as of December 31, 2022. Depreciation expense for such assets was $4.3 million, $4.2 million and $4.2 million for the years ended December 31, 2023, 2022 and 2021.
Future minimum lease payments due from our customers on leases as of December 31, 2023 were as follows (in thousands):
Year ending December 31,Operating Leases
2024$47,849 
202535,372 
202630,209 
202724,438 
202821,121 
Thereafter53,616 
Total$212,605 
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 30 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, 2023, 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 (in thousands):
Years Ended December 31,
202320222021
Components of lease expense:
Operating lease cost (a)
$44,971 $52,331 $59,405 
Financing lease cost:
Depreciation
26,129 25,687 29,743 
Interest on lease liabilities
444 3,063 7,135 
Sublease income
(5,856)(7,991)(3,785)
Net lease expense
$65,688 $73,090 $92,498 
(a) Includes short-term lease and variable lease costs, which are immaterial.
Other information related to leases is as follows:
Years Ended December 31,
202320222021
Supplemental Cash Flow Information (in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$(35,510)$(42,949)$(52,226)
Financing cash flows from finance leases
$(39,214)$(33,860)$(32,441)
Right-of-use assets obtained in exchange for lease obligations
Operating leases
$6,244 $7,889 $50,886 
Finance leases
$59,276 $18,694 $24,567 
Weighted-average remaining lease term (years)
Operating leases
10.611.111.7
Finance leases
3.93.33.6
Weighted-average discount rate
Operating leases
2.8 %2.8 %2.7 %
Finance leases
3.9 %3.2 %3.4 %
Future minimum lease payments under non-cancellable leases as of December 31, 2023 were as follows (in thousands):
Years ending December 31,Operating Lease PaymentsFinance Lease PaymentsTotal Lease Payments
2024$35,335 $36,917 $72,252 
202531,328 24,554 55,882 
202627,506 19,776 47,282 
202725,050 14,732 39,782 
202823,710 8,294 32,004 
Thereafter135,588 2,062 137,650 
Total future minimum lease payments$278,517 $106,335 $384,852 
Less: Interest(38,266)(9,158)(47,424)
Total future minimum lease payments less interest$240,251 $97,177 $337,428 
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 15 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-Revenues 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 $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. The portion of these assets that are applicable to the operating leases where we are the lessor totaled $118.5 million and $91.1 million, for
Land and Buildings and improvements, on a gross and net basis, respectively, as of December 31, 2022. Depreciation expense for such assets was $4.3 million, $4.2 million and $4.2 million for the years ended December 31, 2023, 2022 and 2021.
Future minimum lease payments due from our customers on leases as of December 31, 2023 were as follows (in thousands):
Year ending December 31,Operating Leases
2024$47,849 
202535,372 
202630,209 
202724,438 
202821,121 
Thereafter53,616 
Total$212,605 
v3.24.0.1
Fair Value Measurements
 12 Months Ended
Dec. 31, 2023
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 Sheet 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-Derivatives 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, 2023 and 2022, 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,
20232022
(In thousands)
Measured at fair value on a recurring basis:
Interest rate swap assetLevel 2$9,581 $15,572 
Interest rate swap liabilityLevel 2$330 — 
Cross-currency swap assetLevel 2$5,899 $7,948 
Assets held by various pension plans:
Level 1$24,564 $46,155 
Level 2$4,425 $17,344 
Level 3$1,323 $1,143 
Disclosed at fair value:
Senior unsecured notes and term loans(1)
Level 3$2,821,064 $2,829,574 
    
(1)The carrying value of senior unsecured notes and term loans is disclosed in Note 9-Debt.
v3.24.0.1
Stock-Based Compensation
 12 Months Ended
Dec. 31, 2023
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 estimate 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 in a six-month offering period, or a maximum of 2,400 shares. 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, 2023.
Aggregate stock-based compensation charges were $23.6 million, $27.1 million and $23.9 million during the years ended December 31, 2023, 2022 and 2021, 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, 2023, there was $26.5 million of unrecognized stock‑based compensation expense related to RSUs and OP units, which will be recognized over a weighted-average period of 1.8 years.
Americold Realty Trust 2010 Equity Incentive Plans
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, based upon a reserved pool of 3,849,976 of the Company’s common shares. 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 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 exist 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 performance period.
The following table summarizes restricted stock unit grants by grantee type during the years ended December 31, 2023, 2022 and 2021:
Year Ended
December 31		Grantee TypeNumber of
Restricted Stock
Units Granted		Vesting
Period		Grant Date
Fair Value
(in thousands)
2023 Directors 12,036 
 1 year
$350 
2023 Associates 634,109 
 1-3 years
$19,759 
2022 Directors 4,810 
 1 year
$125 
2022 Associates 555,719 
 1-3 years
$15,067 
2021 Directors 6,616 
 1 year
$250 
2021 Associates 1,004,650 
 1-3 years
$31,159 
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 various vesting periods ranging from one to three years issued to certain associates in connection with the annual grant provided in March (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 various vesting periods ranging from one to three years issued to certain associates in connection with the annual grant provided in March (iii) 131,176 market performance-based cliff vesting restricted stock units with a three-year vesting period issued to certain associates.
Restricted stock units granted for the year ended December 31, 2021 consisted of: (i) 6,616 time-based restricted stock units with a one-year vesting period issued to non-employee directors as part of their annual compensation (ii) 216,269 time-based graded vesting restricted stock units with various vesting periods ranging from one to three years issued to certain associates in connection with the annual grant provided in March (iii) 108,781 market performance-based cliff vesting restricted stock units with a three-year vesting period issued to certain associates n connection with the annual grant provided in March and (iv) 679,600 time-based graded vesting restricted stock units with various vesting periods ranging from one to two years issued to certain associates as a retention grant in November of 2021.
In January 2022, following the completion of the applicable market-performance period, the Compensation Committee determined that the 51st percentile had been achieved for the 2019 awards and, accordingly, 194,111 units vested immediately, representing a vesting percentage of 91.4%.
In January 2023, following the completion of the applicable market-performance period, the Compensation Committee determined that the 33rd percentile had been achieved for the 2020 awards and, accordingly, 97,517 units vested immediately, representing a vesting percentage of 56%.
The following table provides a summary of restricted stock unit activity under the 2010 and 2017 Plans for the year ended December 31, 2023:
Year Ended December 31, 2023
Restricted StockNumber of Time-Based Restricted Stock UnitsAggregate Intrinsic Value (in millions)
Number of Market Performance-Based Restricted Stock Units(2)
Aggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2022
687,667 $19.5 249,447 $7.1 
Granted
538,968 107,177 
Market-performance adjustment(3)
 N/A (10,834)
Vested
(389,754)(52,962)
Forfeited
(104,362)(33,502)
Non-vested as of December 31, 2023
732,519 $20.0 259,326 $10.0 
Shares vested, but not released(1)
46,890 1.4 — — 
Total outstanding restricted stock units
779,409 $21.4 259,326 $10.0 
(1)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.
(2)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.
(3)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.

The weighted average grant date fair value of restricted stock units granted during years 2023, 2022, and 2021 was $31.12, $27.10 and $31.06 per unit, respectively. During the year ended December 31, 2023 the weighted average grant date fair value of vested and converted restricted stock units was $29.76 and forfeited restricted stock units was $29.71. The weighted average grant date fair value of non-vested restricted stock units was $29.09 and $28.15 per unit as of December 31, 2023 and 2022, respectively.
Market Performance-Based Restricted Stock Units
During each of the years ended December 31, 2023, 2022, and 2021, 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 US 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
55th 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 (2)
Risk-Free Interest Rate
Dividend Yield (1)
202133 %0.31 %N/A
202233 %1.75 %N/A
202328 %4.77 %N/A
(1)Dividends are assumed to be reinvested and therefore not applicable.
(2)Volatility is based on historical stock price
OP Units Activity
The following table summarizes OP unit grants under the 2017 Plan during the years ended December 31, 2023, 2022 and 2021:
Year Ended December 31,Grantee TypeNumber of
OP Units Granted		Vesting
Period		Grant Date Fair Value
(in thousands)
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 
2021Directors22,427
 1 year
$811 
2021Associates308,862
 1-3 years
$9,938 
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 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.
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 and (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.
OP units granted for the year ended December 31, 2021 consisted of: (i) 22,427 time-based OP units with a one-year vesting period issued to non-employee directors as part of their annual compensation (ii) 102,655 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 (iii) 198,007 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 and (iv) 8,200 time-based graded vesting OP units with a two-year vesting period issued to certain associates as a retention grant in November of 2021.
The following table provides a summary of the OP unit activity under the 2017 Plan for the year ended December 31, 2023:
Year Ended December 31, 2023
OP UnitsNumber of Time-Based OP UnitsAggregate Intrinsic Value (in millions)Number of Market Performance-Based OP UnitsAggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2022
160,182 $4.5 462,815 $13.1 
Granted
201,521 169,601 
Vested
(99,210)(155,706)
Forfeited
(26,598)(56,334)
Non-vested as of December 31, 2023
235,895 7.1420,376 12.7
Shares vested, but not released
252,864 7.793,102 — 
Total outstanding OP units
488,759 $14.8 513,478 $12.7 
The OP units granted for the years ended December 31, 2023, 2022 and 2021 had an aggregate grant date fair value of $13.0 million, $10.0 million, and $10.7 million, respectively. During the year ended December 31, 2023 the weighted average grant date fair value of vested OP units was $29.98 and forfeited OP units was $30.24. The weighted average grant date fair value of non-vested OP units was $30.67 and $29.39 per unit as of December 31, 2023 and 2022, respectively.
Stock Options Activity
The following table provides a summary of option activity for the year ended December 31, 2023:
Number of OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Terms (Years)
Outstanding as of December 31, 2022
105,498 $9.81 3.6
Exercised
(5,000)9.81 
Outstanding as of December 31, 2023
100,498 $9.81 2.7
Exercisable as of December 31, 2023
100,498 $9.81 2.7
All outstanding stock options were vested as of December 31, 2021. The total intrinsic value of options exercised for the years ended December 31, 2023, 2022 and 2021 was $0.1 million, $1.9 million, and $4.8 million, respectively.
v3.24.0.1
Income Taxes
 12 Months Ended
Dec. 31, 2023
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, except principally in Canada. 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 2023, 2022 and 2021.
Following is a summary of the income from continuing operations before income taxes in the U.S. and foreign operations:
202320222021
Income/(loss) from continuing operations before income taxes(In thousands)
U.S.
$(35,662)$37,040 $(8,046)
Foreign
(292,427)(66,968)(22,551)
Total Pre-tax book income/(loss) from continuing operations before income taxes
$(328,089)$(29,928)$(30,597)
The benefit (expense) for income taxes from continuing operations for the years ended December 31, 2023, 2022 and 2021 is as follows:
202320222021
(In thousands)
Current
U.S. federal
$(9)$290 $38 
State
(3,318)(620)(236)
Foreign
(5,181)(3,395)(7,380)
Total current portion
(8,508)(3,725)(7,578)
Deferred
U.S. federal
(1,264)(3,895)5,884 
State
347 360 1,220 
Foreign
11,698 26,096 2,043 
Total deferred portion
10,781 22,561 9,147 
Total income tax benefit from continuing operations
$2,273 $18,836 $1,569 
Income tax benefit attributable to income from continuing operations before income taxes differs from the
amounts computed by applying the U.S. statutory federal income tax rate of 21% to income from continuing operations before income taxes. The reconciliation between the statutory rate and reported amount is as follows:
202320222021
(In thousands)
Income tax benefit (expense) from continuing operations at statutory rates
$68,899 $6,285 $6,425 
Earnings from REIT - not subject to tax
(6,612)7,742 (3,599)
State income taxes, net of federal income tax benefit
(2,616)(524)(836)
Foreign income taxed at different rates
11,432 1,296 (983)
Change in valuation allowance
(10,619)1,307 6,198 
Goodwill Impairment(57,436)
Non-deductible expenses
(1,243)(4,379)4,398 
Change in status of investment— 6,503 — 
Change in enacted tax rate— — (11,802)
Other
468 606 1,768 
Total
$2,273 $18,836 $1,569 
The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of December 31, 2023 and 2022 are as follows:
20232022
(In thousands)
Deferred tax assets:
Net operating loss and credits carryforwards
$74,439 $54,372 
Accrued expenses
34,125 33,404 
Share-based compensation
2,890 3,192 
Lease obligations
15,155 21,552 
Other assets
3,909 1,680 
Total gross deferred tax assets
130,518 114,200 
Less: valuation allowance
(10,895)(84)
Total net deferred tax assets
119,623 114,116 
Deferred tax liabilities:
Intangible assets and goodwill
(76,860)(74,541)
Property, buildings and equipment
(157,659)(145,936)
Lease right-of-use assets
(15,646)(21,811)
Other liabilities
(4,789)(5,889)
Total gross deferred tax liabilities
(254,954)(248,177)
Net deferred tax liability
$(135,331)$(134,061)
As of December 31, 2023, the U.S. TRS has gross U.S. federal net operating loss carryforwards of approximately $57.7 million, of which $11.5 million was generated prior to 2018 and will expire between 2033 and 2036. The remaining $46.2 million in losses have 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 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 $79.5 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 $43.3 million from its TRSs, of which $33.7 million will expire at various times between 2024 and 2043. The remaining $9.6 million was generated after 2017 and have no expiration.
The Company has gross foreign net operating loss carryforwards of approximately $127.9 million, of which $37.7 million will expire at various times between 2023 and 2041. The remaining $90.2 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, 2023, the Company is generally no longer subject to U.S. federal, state, local, or foreign examinations by tax authorities for years before 2018. 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.
v3.24.0.1
Employee Benefit Plans
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Employee Benefit Plans 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 Americold Retirement Income Plan (“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:
2023
Americold Retirement
Income Plan		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 consist of:
Net loss (gain)
$3,699 $(267)$(68)$93 $(142)$3,315 
Prior service cost
$— $— $— $— $— $— 
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 tax3,005 — — — — 3,005 
Total recognized in other comprehensive (income) loss
$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/A  N/A $504 $1,412 $2,215 $4,131 
Fair value of plan assets
N/AN/A$— $1,633 $1,312 $2,945 
2022
Retirement
Income Plan		National
Service-Related Pension Plan		Other
Post-Retirement Benefits		SuperannuationAustria PlansTotal
Change in benefit obligation:
(In thousands)
Benefit obligation – January 1, 2022
$(43,693)$(36,421)$(629)$(1,347)$(2,602)$(84,692)
Service cost
— — — (47)(97)(144)
Interest cost
(1,025)(990)(11)(31)(22)(2,079)
Actuarial gain (loss)
6,830 9,597 55 76 (37)16,521 
Benefits paid
1,257 1,210 — 15 120 2,602 
Plan participants’ contributions
— — — (18)— (18)
Foreign currency translation gain
— — — 84 217 301 
Effect of settlement
2,820 — 92 — — 2,912 
Benefit obligation – end of year
(33,811)(26,604)(493)(1,268)(2,421)(64,597)
Change in plan assets:
Fair value of plan assets – January 1, 2022
46,878 34,603 — 1,654 1,148 84,283 
Actual return on plan assets
(7,809)(6,394)— (124)(19)(14,346)
Employer contributions
— — 92 — 62 154 
Benefits paid
(1,257)(1,210)— (33)— (2,500)
Effect of settlement
(2,820)— (92)— — (2,912)
Plan participants’ contributions
— — — 38 — 38 
Foreign currency translation gain
— — — (27)(48)(75)
Fair value of plan assets – end of year
34,992 26,999 — 1,508 1,143 64,642 
Funded status
$1,181 $395 $(493)$240 $(1,278)$45 
Amounts recognized on the consolidated balance sheet as of December 31, 2022:
Pension and post-retirement asset (liability)
$1,181 $395 $(493)$240 $(1,278)$45 
Accumulated other comprehensive loss (income)
3,826 (474)(59)(32)47 3,308 
Amounts in accumulated other comprehensive loss consist of:
Net loss
$3,826 $(474)$(59)$(32)$47 $3,308 
Prior service cost
— — — — — — 
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Net loss (gain)
$3,680 $(1,070)$(147)$58 $47 $2,568 
Amortization of net (gain) loss
(101)(117)— — 13 (205)
Amortization of prior service cost
— — — (21)— (21)
Amount recognized due to settlement
(319)11 — — (308)
Foreign currency translation loss
— — — (5)— (5)
Effect of tax
150 197 — — — 347 
Total recognized in other comprehensive loss (income)
$3,410 $(990)$(136)$32 $60 $2,376 
Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation
N/AN/A$493 $1,268 $2,421 $4,182 
Accumulated benefit obligation
N/AN/A$493 $1,208 $2,107 $3,808 
Fair value of plan assets
N/AN/A$— $1,508 $1,143 $2,651 
The components of net period benefit cost for the years ended December 31, 2023, 2022 and 2021 are as follows:
December 31, 2023
Retirement Income PlanNSRPPOPRBSuperannuationAustria 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
Retirement Income PlanNSRPPOPRBSuperannuationAustria 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
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)

December 31, 2021
Retirement Income PlanNSRPPOPRBSuperannuationAustria PlansTotal
Components of net periodic benefit cost:
(In thousands)
Service cost
$— $— $— $59 $107 166 
Interest cost
947 936 8 19 18 1,928 
Expected return on plan assets
(2,384)(1,710)— (74)— (4,168)
Amortization of net loss
873 651 — — — 1,524 
Amortization of prior service cost
— — — 30 — 30 
Effect of settlement
24 — — — — 24 
Net pension benefit (income) cost
$(540)$(123)$8 $34 $125 $(496)

The service cost component of defined benefit pension cost and postretirement benefit cost are presented in “Selling, general, and administrative”, and the effect of settlement of the Americold Retirement Income Plan (the “ARIP”) is reflected in the “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 5.7 years for the National Service-Related Pension Plan, 3.8 years for Other Post-Retirement Benefits, 7.5 years for Superannuation, and 5.7 years for Austria Plans as of December 31, 2023.
The weighted average assumptions used to determine benefit obligations and net period benefit costs for the years ended December 31, 2023, 2022 and 2021 are as follows:
December 31, 2023
Retirement Income
Plan		NSRPPOPRBSuperannuationAustria Plans
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate
 N/A 4.90%4.57%5.25%3.41%
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 5.11%4.81%5.40%3.78%
Expected return on plan assets
 N/A 5.50% N/A 5.00% N/A
Rate of compensation increase
 N/A  N/A  N/A 2.50% N/A
December 31, 2022
Retirement Income
Plan		NSRPPOPRBSuperannuationAustria 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
December 31, 2021
Retirement Income
Plan		NSRPPOPRBSuperannuationAustria Plans
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate
2.49%2.77%1.95%2.55%0.94%
Rate of compensation increase
N/AN/AN/A2.50%2.50%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate
2.10%2.49%1.41%1.50%0.75%
Expected return on plan assets
6.00%6.00%N/A5.00% N/A
Rate of compensation increase
N/AN/AN/A3.25% N/A

The estimated net loss for the defined benefit plans in the U.S. that will be amortized from accumulated other comprehensive loss into net periodic benefit cost during 2024 is less than $0.1 million. There is no estimated prior
service cost associated with this plan to be amortized from accumulated other comprehensive income during 2024.
There is no estimated net gain for the Superannuation Plan that will be amortized from accumulated other comprehensive income into net periodic benefit cost during 2024. The estimated prior service cost associated with this plan to be amortized from accumulated other comprehensive income during 2024 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, 2023, approximately 96% 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 2024, the Company expects to receive a long-term rate of return of 5.8% for the NSRPP, and 5.0% 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 follow:
As of 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 
As of December 31, 2022
Level 1Level 2Level 3Total
Assets
(In thousands)
U.S. equities:
Large cap
$— $2,467 $— $2,467 
Fixed-income securities:
Money markets
— 78 — 78 
U.S. bonds(1)
46,155 9,273 — 55,428 
Non-U.S. bonds(1)
— — — — 
Real estate(2)
— 4,018 — 4,018 
Common/collective trusts
— 1,508 — 1,508 
Other— — 1,143 1,143 
Total assets
$46,155 $17,344 $1,143 $64,642 
(1)Includes funds either publicly traded (Level 1) or within a separate account (Level 2) held by a regulated investment company. These funds hold primarily 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 Company expects to contribute an immaterial amount to certain plans during 2024 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, 2023:
Years Ending December 31:
(In thousands)
2024$2,416 
20252,004 
20262,053 
20272,099 
20282,004 
Thereafter14,437 
$25,013 
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, 2023, 2022 and 2021, and sets forth the contributions into each plan (in thousands). 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 revenue. 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 2022 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, 2023, 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 2024 through 2027. For all the plans detailed in the following table, the Company has not contributed more than 5% of the total plan contribution for 2023, 2022 and 2021.
The Company contributes to multi-employer plans that cover approximately 33% of union associates as of December 31, 2022. The amounts charged to expense within the Consolidated Statements of Operations for the years ended December 31, 2023, 2022 and 2021 were $7.2 million, $20.9 million and $19.1 million, respectively. Projected minimum contributions required for the upcoming fiscal year are approximately $7.1 million.
Pension FundEINZone StatusAmericold Contributions
202320222021
(In thousands)
Central Pension Fund of the International Union of Operating Engineers and Participating Employers(2)
36-6052390Green$7$8$6
Central States SE & SW Areas Health and Welfare Pension Plans(1)(6)
36-6044243Red39,5469,060
New England Teamsters & Trucking Industry Pension Plan(3)
04-6372430Red592655529
Alternative New England Teamsters & Trucking Industry Pension Plan
04-6372430Red288326338
I.U.O.E Stationary Engineers Local 39 Pension Fund(1)
94-6118939Green138181186
United Food & Commercial Workers International Union Industry Pension Fund(4)(7)
51-6055922Green—109108
Western Conference of Teamsters Pension Fund(1)(7)
91-6145047Green2,8667,5867,784
Minneapolis Food Distributing Industry Pension Plan(1)
41-6047047Green175136127
WWEC Local 863 Pension Fund26-3541447Yellow3,1272,389967
Total Contributions(5)
$7,196$20,936$19,105
(1)The status information is for the plans’ year end at December 31, 2023 and 2022.
(2)The status information is for the plans’ year end at January 31, 2023 and 2022.
(3)The status information is for the plans’ year end at September 30, 2023 and 2022. The Company withdrew from the multi-employer plan on October, 31, 2017. The related liability of $7.5 million as of December 31, 2023 is reflected in “Multiemployer pension plan withdrawal liability” on the accompanying Consolidated Balance Sheets and will be repaid over the next 25 years.
(4)The status information is for the plans’ year end at June 30, 2023 and 2022.
(5)Approximately 70% of total contributions made during each of the years ended December 31, 2022, and 2021 related to Third-party managed sites that the Company has ceased operating agreements for as of December 31, 2023, 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.
(6)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, 2023.
(7)As of December 31, 2023, the Company no longer participates in these funds as the Company no longer manages the related Third-party managed sites.

Government-Sponsored Plans
The Company contributes to certain government-sponsored plans in Australia and Argentina. The amounts charged to expense within the Consolidated Statements of Operations and for the years ended December 31, 2023, 2022 and 2021 were $8.3 million, $7.7 million and $7.3 million, respectively.
Defined Contribution Plan
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) Plan charged to expense within the Consolidated Statements of Operations for each of the years ended December 31, 2023, 2022 and 2021 was $11.9 million, $11.4 million and $9.0 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, 2023, 2022 and 2021.
v3.24.0.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Collective Bargaining Agreements
As of December 31, 2023, worldwide we employed 14,706 people. As of December 31, 2023, approximately 29% of our associates were represented by various local labor unions and associations. During 2024, the Company will be renegotiating 20 collective bargaining agreements, which make up approximately 11% of our employee population. The Company does not anticipate any workplace disruptions during this renegotiation process.
April 2023 Cyber Incident
On April 26, 2023, the Company became aware of a Cyber Incident which is further described in Note 1- Description of the Business. As a result of the Cyber Incident, 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, 2023, the Company recorded an accrual of $5.2 million. This represents management’s best estimate of the amount of loss related to such claims based on its evaluation of the relevant contract terms and other relevant facts and circumstances.

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 the matters discussed below, 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.
Preferred Freezer Services, LLC Litigation
On February 11, 2019, Preferred Freezer Services, LLC (“PFS”) moved by Order to Show Cause in the Supreme Court of the State of New York, New York County, asserting breach of contract and other claims against the Company and seeking to preliminarily enjoin the Company from acting to acquire certain properties leased by PFS. In its complaint and request for preliminary injunctive relief, PFS alleged that the Company breached a confidentiality agreement entered into in connection with the Company’s participation in a bidding process for the sale of PFS by contacting PFS’s landlords and by using confidential PFS information in bidding for the properties leased by PFS (the “PFS Action”).
PFS’s request for a preliminary injunction was denied after oral argument on February 26, 2019. On March 1, 2019, PFS filed an application for interim injunctive relief from the Appellate Division of the Supreme Court, First Judicial Department (“the First Department”).
On April 2, 2019, while its application to the First Department was pending, PFS voluntarily dismissed its state court action, and First Department application, and re-filed substantially the same claims against the Company in the U.S. District Court for the Southern District of New York. In addition to an order enjoining Americold from making offers to purchase the properties leased by PFS, PFS sought compensatory, consequential and/or punitive
damages. The Company filed a motion to require PFS to reimburse the Company for its legal fees it incurred for the state court action before PFS is allowed to proceed in the federal court action. On February 18, 2020, the Court granted Americold’s request for an award of legal fees from PFS but declined to stay the case pending payment of that award. As to the amount of the award, the Company and PFS have entered into a stipulation that PFS will pay Americold $0.6 million to reimburse the Company for its legal fees upon conclusion of the case. PFS has since amended its complaint, and Americold has filed a motion to dismiss that amended complaint.
The Company denies the allegations and believes PFS’s claims are without merit and intends to vigorously defend itself against the allegations. Given the status of the proceedings to date, a liability cannot be reasonably estimated. The Company believes the ultimate outcome of this matter will not have a material adverse impact on its consolidated financial statements.
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 recorded nominal environmental liabilities in accounts payable and accrued expenses as of December 31, 2023 and 2022. 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 are no material unrecorded liabilities as of December 31, 2023, and any liabilities associated with these considerations are considered remote and not estimable. 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.
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, 2023 and 2022. Future changes in applicable environmental laws or regulations, or in the interpretation of such laws and regulations, could negatively impact us.
v3.24.0.1
Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The Company reports activity in 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, 2023, 2022 and 2021 is as follows:
Years Ended December 31,
202320222021
(In thousands)
Opening accumulated other comprehensive income (loss)
$(6,050)$4,522 $(4,379)
Pension and other postretirement benefits:
Balance at beginning of period, net of tax
$2,682 $5,058 $(3,271)
(Loss) gain arising during the period
(2,299)(2,397)6,821 
Amortization of prior service cost (1)
— 21 1,508 
Balance at end of period, net of tax
383 2,682 5,058 
Foreign currency translation adjustments:
Balance at beginning of period, net of tax
$(26,650)$(3,136)$3,179 
Cumulative translation adjustment26,956 (90,482)(6,315)
Derecognition of cumulative foreign currency translation upon deconsolidation of entity contributed to a joint venture— 4,970 — 
Derivative net investment hedges(31,893)61,998 — 
Balance at end of period, net of tax
(31,587)(26,650)(3,136)
Designated derivatives:
Balance at beginning of period, net of tax
17,918 $2,600 $(4,287)
Cash flow hedge derivatives8,532 21,505 11,626 
Net amount reclassified from AOCI to net loss(11,886)(6,187)(4,739)
Balance at end of period, net of tax
14,564 17,918 2,600 
Closing accumulated other comprehensive (loss) income
$(16,640)$(6,050)$4,522 
(1)Amounts reclassified from AOCI for pension liabilities are recognized in “Selling, general and administrative” in the accompanying consolidated statements of operations.
v3.24.0.1
Geographic Concentrations
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Geographic Concentrations Geographic Concentrations
The following table provides geographic information for the Company’s total revenues for the years ended December 31, 2023, 2022 and 2021, and total assets as of December 31, 2023 and 2022:
Total RevenuesTotal Assets
20232022202120232022
(In thousands)
North America
$2,125,459 $2,309,496 $2,092,046 $6,369,346 $6,366,012 
Europe264,623 325,714 321,705 926,920 1,157,723 
Asia-Pacific
267,948 262,126 281,164 533,581 493,518 
South America
15,299 17,399 19,875 39,405 87,308 
$2,673,329 $2,914,735 $2,714,790 $7,869,252 $8,104,561 
The following table provides long-lived assets by geography for the years ended December 31, 2023 and 2022:
Long-Lived Assets
20232022
(In thousands)
North America
$5,213,729 $4,463,000 
Europe684,201 644,085 
Asia-Pacific
418,602 357,169 
South America
35,963 82,798 
$6,352,495 $5,547,052 
Segment Information
Our principal operations are organized 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.
•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.
•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. We believe using our third-party management services allows our customers to increase efficiency, lower costs, reduce supply-chain risks and focus on their core businesses.
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 polices used in the preparation of our reportable segments financial information are the same as those used in the preparation of its consolidated financial statements. Our chief operating decision maker uses revenues and segment contribution to evaluate segment performance.
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.
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 and contributions with a reconciliation to Loss from continuing operations before income taxes for the years ended December 31, 2023, 2022 and 2021:
Years Ended December 31,
202320222021
(In thousands)
Segment revenues:
Warehouse2,391,089 2,302,971 2,085,387 
Transportation239,670 313,358 312,092 
Third-party managed42,570 298,406 317,311 
Total revenues2,673,329 2,914,735 2,714,790 
Segment contribution:
Warehouse722,603 636,232 586,436 
Transportation42,040 47,402 29,376 
Third-party managed5,929 12,329 13,964 
Total segment contribution770,572 695,963 629,776 
Depreciation and amortization(353,743)(331,446)(319,840)
Selling, general, and administrative(226,786)(231,067)(182,076)
Acquisition, cyber incident, and other, net(64,087)(32,511)(51,578)
Impairment of indefinite and long-lived assets(236,515)(7,380)(3,312)
Gain (loss) on sale of real estate2,254 (5,689)— 
Interest expense(140,107)(116,127)(99,177)
Loss on debt extinguishment, modifications and termination of derivative instruments(2,482)(3,217)(5,689)
Loss from investments in partially owned entities(1,442)(918)(723)
Impairment of related party loan receivable(21,972)— — 
Loss on put option(56,576)— — 
Other, net2,795 2,464 2,022 
Loss from continuing operations before income taxes$(328,089)$(29,928)$(30,597)
v3.24.0.1
Segment Information
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Information Geographic Concentrations
The following table provides geographic information for the Company’s total revenues for the years ended December 31, 2023, 2022 and 2021, and total assets as of December 31, 2023 and 2022:
Total RevenuesTotal Assets
20232022202120232022
(In thousands)
North America
$2,125,459 $2,309,496 $2,092,046 $6,369,346 $6,366,012 
Europe264,623 325,714 321,705 926,920 1,157,723 
Asia-Pacific
267,948 262,126 281,164 533,581 493,518 
South America
15,299 17,399 19,875 39,405 87,308 
$2,673,329 $2,914,735 $2,714,790 $7,869,252 $8,104,561 
The following table provides long-lived assets by geography for the years ended December 31, 2023 and 2022:
Long-Lived Assets
20232022
(In thousands)
North America
$5,213,729 $4,463,000 
Europe684,201 644,085 
Asia-Pacific
418,602 357,169 
South America
35,963 82,798 
$6,352,495 $5,547,052 
Segment Information
Our principal operations are organized 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.
•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.
•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. We believe using our third-party management services allows our customers to increase efficiency, lower costs, reduce supply-chain risks and focus on their core businesses.
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 polices used in the preparation of our reportable segments financial information are the same as those used in the preparation of its consolidated financial statements. Our chief operating decision maker uses revenues and segment contribution to evaluate segment performance.
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.
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 and contributions with a reconciliation to Loss from continuing operations before income taxes for the years ended December 31, 2023, 2022 and 2021:
Years Ended December 31,
202320222021
(In thousands)
Segment revenues:
Warehouse2,391,089 2,302,971 2,085,387 
Transportation239,670 313,358 312,092 
Third-party managed42,570 298,406 317,311 
Total revenues2,673,329 2,914,735 2,714,790 
Segment contribution:
Warehouse722,603 636,232 586,436 
Transportation42,040 47,402 29,376 
Third-party managed5,929 12,329 13,964 
Total segment contribution770,572 695,963 629,776 
Depreciation and amortization(353,743)(331,446)(319,840)
Selling, general, and administrative(226,786)(231,067)(182,076)
Acquisition, cyber incident, and other, net(64,087)(32,511)(51,578)
Impairment of indefinite and long-lived assets(236,515)(7,380)(3,312)
Gain (loss) on sale of real estate2,254 (5,689)— 
Interest expense(140,107)(116,127)(99,177)
Loss on debt extinguishment, modifications and termination of derivative instruments(2,482)(3,217)(5,689)
Loss from investments in partially owned entities(1,442)(918)(723)
Impairment of related party loan receivable(21,972)— — 
Loss on put option(56,576)— — 
Other, net2,795 2,464 2,022 
Loss from continuing operations before income taxes$(328,089)$(29,928)$(30,597)
v3.24.0.1
Loss/Earnings per Common Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Loss/Earnings per Common Share Loss/Earnings per Common Share
Basic and diluted earnings per common share are calculated by dividing the net income or loss attributable to common stockholders by the basic and diluted weighted-average number of common shares 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 OP 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 OP units are unvested.
The computation of (loss) earnings per share assuming dilution includes the dilutive effect of stock options, RSUs, and forward sale agreements as determined under the treasury stock method, unless the inclusion of such awards would be anti-dilutive. The shares issuable upon settlement of forward sale agreements are reflected in the diluted earnings per share calculations using the treasury stock method. Under this method, the number of the Company’s common shares used in calculating diluted earnings per share is deemed to be increased by the excess, if any, of the number of common shares that would be issued upon full physical settlement of the forward sale agreements over the number of common shares that could be purchased by the Company in the market (based on the average market price during the period) using the proceeds receivable upon full physical settlement (based on the adjusted forward sale price at the end of the reporting period). If and when the Company physically or net share settles the forward sale agreements, the delivery of common shares would result in an increase in the number of shares outstanding and dilution to earnings per share.
A reconciliation of the basic and diluted weighted-average number of common shares outstanding for the years ended December 31, 2023, 2022 and 2021 is as follows:
Year ended December 31,
202320222021
(In thousands)
Weighted average common shares outstanding – basic275,773 269,565 259,056 
Weighted average common shares outstanding – diluted275,773 269,565 259,056 
For the years ended December 31, 2023, December 31, 2022, and December 31, 2021, potential common shares under the treasury stock method and the if-converted method were antidilutive because the Company reported a net loss. Consequently, the Company did not have any adjustments in this period between basic and diluted loss per share related to share-based awards and equity forward contracts.
The table below presents the number of antidilutive potential common shares that are not considered in the calculation of diluted loss per share:
Year ended December 31,
202320222021
(In thousands)
Employee stock options83 163 301 
Restricted stock units406 1,549 1,009 
OP units254 769 453 
Equity forward contracts— — 3,285 
743 2,481 5,048 
v3.24.0.1
Revenue from Contracts with Customers
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Disaggregated Revenue
The following tables represent a disaggregation of revenue from contracts with customers for the years ended December 31, 2023, 2022 and 2021 by segment and geographic region:
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)
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 (2)
2,081,787 258,773 265,385 15,299 2,621,244 
Lease revenue (3)
43,672 5,850 2,563 — 52,085 
Total revenue
$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)
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 (2)
2,270,587 320,224 262,126 17,399 2,870,336 
Lease revenue (3)
38,909 5,490 — — 44,399 
Total revenue
$2,309,496 $325,714 $262,126 $17,399 $2,914,735 
December 31, 2021
North AmericaEuropeAsia-PacificSouth AmericaTotal
(In thousands)
Warehouse rent and storage
$691,174 $69,997 $64,469 $11,911 $837,551 
Warehouse services(1)
919,692 110,517 172,701 6,324 1,209,234 
Transportation
152,826 135,065 22,561 1,640 312,092 
Third-party managed
295,878 — 21,433 — 317,311 
Total revenues (2)
2,059,570 315,579 281,164 19,875 2,676,188 
Lease revenue (3)
32,476 6,126 — — 38,602 
Total revenue
2,092,046 321,705 281,164 19,875 2,714,790 
(1)Warehouse services revenue includes sales of product that Americold purchases on the spot market, repackages, and sells to customers. Such revenues totaled less than $10.9 million , $13.1 million and $13.5 million for the year ended December 31, 2023, 2022 and 2021, respectively.
(2)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.
(3)Revenues are within the scope of ASC 842: Leases.
Performance Obligations
Substantially all our revenue for warehouse storage and handling services, and management and incentive fees earned under third-party managed and other contracts is recognized over time as the customer benefits equally throughout the period until the contractual term expires. Typically, revenue is recognized over time using an output measure (e.g. passage of time). Revenue is 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, 2023, 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 19% of these remaining performance obligations as revenue in 2024, and the remaining 81% to be recognized over a weighted average period of 15.2 years through 2042.
Contract Balances
The timing of revenue recognition, billings and cash collections results in accounts receivable (contract assets), and unearned revenue (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, 2023, were not materially impacted by any other factors.
Receivables balances related to contracts with customers accounted for under ASC 606 were $420.2 million and $421.1 million at December 31, 2023 and 2022, respectively. All other trade receivable balances relate to contracts accounted for under ASC 842.
Balances in unearned revenue related to contracts with customers were $28.4 million and $32.0 million at December 31, 2023 and 2022, respectively. Substantially all revenue that was included in the contract liability balances at the beginning of 2022 and 2021 has been recognized as of December 31, 2023 and 2022, respectively, and represents revenue from the satisfaction of monthly storage and handling services with average inventory turns of approximately 30 days.
v3.24.0.1
Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2023
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, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
 US
401 Kentile, NJ1 $— $6,251 $21,644 201 $6,254 $21,842 $28,096 $(1,976)20142020
501 Kentile, NJ1 — 6,440 46,094 1,501 7,585 46,450 54,035 (4,788)19892020
601 Kentile, NJ1 — 8,160 47,277 1,313 8,160 48,590 56,750 (4,504)19992020
Albertville, AL1 — 1,251 12,385 1,878 1,381 14,133 15,514 (7,377)19932008
Allentown, PA2 — 5,780 47,807 9,672 6,901 56,358 63,259 (30,452)19762008
Amarillo, TX1 — 871 4,473 1,715 942 6,117 7,059 (3,383)19732008
Anaheim, CA1 — 9,509 16,810 4,614 9,534 21,399 30,933 (11,944)19652009
Appleton, WI1 — 200 5,022 12,048 916 16,354 17,270 (6,807)19892009
Atlanta - East Point, GA1 — 1,884 3,621 4,106 2,101 7,510 9,611 (4,383)19592016
Atlanta - Empire, GA1 — 1,610 11,866 703 1,610 12,569 14,179 (1,808)19592020
Atlanta - Gateway, GA2 — 3,271 35,226 48,580 5,045 82,032 87,077 (14,334)1972, 2022, 20232008
Atlanta - Lakewood, GA1 — 4,297 3,369 (1,013)639 6,014 6,653 (3,089)19632008
Atlanta - Pleasantdale, GA1 — 11,960 70,814 1,280 12,029 72,025 84,054 (8,773)19632020
Atlanta - Skygate, GA1 — 1,851 12,731 2,905 2,417 15,070 17,487 (6,223)20012008
Atlanta - Southgate, GA1 — 1,623 17,652 4,852 2,646 21,481 24,127 (9,434)19962008
Atlanta - Tradewater, GA1 — — 36,966 11,029 8,430 39,565 47,995 (14,160)20042008
Atlanta - Westgate, GA1 — 2,270 24,659 1,381 3,254 25,056 28,310 (13,472)19902008
Atlanta, GA - Corporate— — — 362 33,944 34,306 34,306 (11,044)1999/20142008
Augusta, GA1 — 2,678 1,943 1,543 2,843 3,321 6,164 (2,191)19712008
Babcock, WI1 — 852 8,916 344 903 9,209 10,112 (3,878)19992008
Belvidere-Imron, IL1 — 2,000 11,989 4,678 2,413 16,254 18,667 (8,594)19912009
Belvidere-Landmark, IL (Cross Dock)1 — 1 2,117 2,163 3 4,278 4,281 (4,084)19912009
Benson, NC1 — 3,660 35,825 188 3,660 36,013 39,673 (6,019)19972019
Benson Hodges, NC1 —  1,198 1,292 10 2,480 2,490 (434)19852020
Birmingham, AL1 — 1,002 957 2,698 1,282 3,375 4,657 (1,562)19632008
Brea, CA1 — 4,645 5,891 1,169 4,776 6,929 11,705 (3,700)19752009
Bridgewater, NJ1 — 6,350 13,472 294 6,504 13,612 20,116 (1,538)19792020
Brighton (Denver 2), CO1 — 3,933 33,913 987 3,936 34,897 38,833 (2,283)20212021
Brooklyn Park, MN1 — 1,600 8,951 1,803 1,600 10,754 12,354 (5,920)19862009
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
Burley, ID2 — — 16,136 5,543 219 21,460 21,679 (17,117)19592008
Burlington, WA3 — 694 6,108 2,854 826 8,830 9,656 (5,167)19652008
Carson, CA1 — 9,100 13,731 2,186 9,152 15,865 25,017 (6,840)20022009
Cartersville, GA1 — 1,500 8,505 1,783 1,611 10,177 11,788 (5,247)19962009
Carthage Warehouse Dist, MO1 — 61,445 33,880 9,760 63,033 42,052 105,085 (25,782)19722008
Chambersburg, PA1 — 1,368 15,868 669 1,389 16,516 17,905 (3,005)19942019
Charlotte, NC1 — — 1,160 425 — 1,585 1,585 (316)19882020
Chesapeake, VA1 — 2,740 13,452 20,186 2,993 33,385 36,378 (4,939)19912019
Chillicothe, MO1 — 670 44,905 396 670 45,301 45,971 (6,871)19992019
City of Industry, CA2 — — 1,455 2,819 257 4,017 4,274 (3,536)19622009
Clearfield, UT1 — 2,881 14,945 7,548 2,661 22,713 25,374 (11,613)19732008
Clearfield 2, UT1 — 806 21,569 1,376 1,148 22,603 23,751 (5,352)20172017
Columbia, SC1 — 768 1,429 1,537 904 2,830 3,734 (1,600)19712008
Columbus, OH1 — 2,440 38,939 6,686 2,858 45,207 48,065 (6,114)19962019
Connell, WA1 — 497 8,728 1,448 570 10,103 10,673 (5,287)19692008
Dallas (Catron), TX1 — 1,468 14,385 14,223 3,380 26,696 30,076 (11,381)19942009
Delhi, LA1 — 539 12,228 604 587 12,784 13,371 (9,300)20102010
Dominguez Hills, CA1 — 11,149 10,894 3,724 11,162 14,605 25,767 (6,825)19892009
Douglas, GA1 — 400 2,080 3,384 401 5,463 5,864 (2,353)19692009
Dunkirk, NY1 — 1,465 27,379 468 1,465 27,847 29,312 (1,661)20222022
Eagan, MN1 — 6,050 49,441 250 6,050 49,691 55,741 (7,606)19642019
East Dubuque, IL1 — 722 13,764 1,084 768 14,802 15,570 (6,278)19932008
Edison, NJ1 — — 1,390 1,169 — 2,559 2,559 (683)20002020
Fairfield, OH1 — 1,880 20,849 524 1,880 21,373 23,253 (3,643)19932019
Fairmont, MN1 — 1,650 13,738 134 1,682 13,840 15,522 (2,195)19682019
Fairmont City, IL1 — 2,430 9,087 632 2,451 9,698 12,149 (924)19712021
Forest, MS1 — — 733 1,571 10 2,294 2,304 (392)19902020
Fort Dodge, IA1 — 1,022 7,162 1,406 1,226 8,364 9,590 (4,390)19792008
Fort Smith, AR2 — 308 2,231 2,801 342 4,998 5,340 (2,125)19582008
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
Fort Smith (Hwy 45), AR CL1 — 2,245 51,998 707 2,749 52,201 54,950 (8,121)19872019
Fremont, NE1 — 629 3,109 6,551 691 9,598 10,289 (5,871)19682008
Fort Worth-Blue Mound, TX1 — 1,700 5,055 1,874 1,717 6,912 8,629 (2,911)19952009
Ft. Worth, TX (Meacham)1 — 5,610 24,686 5,486 6,294 29,488 35,782 (14,235)20052008
Ft. Worth, TX (Railhead)1 — 1,857 8,536 2,084 2,129 10,348 12,477 (4,947)19982008
Fort Worth-Samuels, TX2 — 1,985 13,447 5,858 2,853 18,437 21,290 (9,318)19772009
Gadsden, AL1 — 100 9,820 (167)388 9,365 9,753 (4,829)19912013
Gaffney, SC1 — 1,000 3,263 410 1,005 3,668 4,673 (1,853)19952008
Gainesville, GA1 — 400 5,704 1,864 434 7,534 7,968 (3,758)19892009
Gainesville Candler, GA1 — 716 3,258 1,357 770 4,561 5,331 (1,180)19952019
Garden City, KS1 — 446 4,721 2,199 446 6,920 7,366 (3,261)19802008
Geneva Lakes, WI1 — 1,579 36,020 4,681 2,513 39,767 42,280 (17,117)19912009
Gloucester - Rogers, MA1 — 1,683 3,675 7,031 1,835 10,554 12,389 (3,595)19672008
Gloucester - Rowe, MA1 — 1,146 2,833 13,566 1,281 16,264 17,545 (5,999)19552008
Gouldsboro, PA1 — 4,224 29,473 4,031 5,400 32,328 37,728 (13,480)20062009
Goldsboro Commerce, PA1 — — 594 1,389 98 1,885 1,983 (310)19952020
Grand Island, NE1 — 430 6,542 1,313 530 7,755 8,285 (2,446)19952008
Grand Prairie, TX1 — — 22 51 — 73 73 (32)19812020
Green Bay, WI2 — — 2,028 20,388 8,244 14,172 22,416 (3,666)19352009
Greenville, SC1 — 200 1,108 430 203 1,535 1,738 (1,313)19622009
Hatfield, PA2 — 5,002 28,286 10,563 5,827 38,024 43,851 (19,359)19832009
Hattiesburg, MS1 — — 486 444 13 917 930 (153)19952020
Henderson, NV2 — 9,043 14,415 3,951 9,080 18,329 27,409 (7,141)19882009
Hermiston, OR1 — 1,322 7,107 723 1,419 7,733 9,152 (3,861)19752008
Houston, TX1 — 1,454 10,084 2,128 1,531 12,135 13,666 (5,114)19902009
Indianapolis, IN4 — 1,897 18,991 23,433 4,372 39,949 44,321 (18,523)19752008
Jefferson, WI2 — 1,553 19,805 2,715 1,887 22,186 24,073 (11,530)19752009
Johnson, AR1 — 6,159 24,802 205 6,236 24,930 31,166 (5,632)19552019
Lakeville, MN1 — 4,000 47,790 464 4,013 48,241 52,254 (7,624)19702019
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
Lancaster, PA1 — 2,203 15,670 1,592 2,371 17,094 19,465 (7,294)19932009
LaPorte, TX1 — 2,945 19,263 4,935 3,502 23,641 27,143 (10,645)19902009
Le Mars, IA1 — 1,000 12,596 236 1,100 12,732 13,832 (2,439)19912019
Lebanon, TN1 — — 883 255 — 1,138 1,138 (179)19912020
Leesport, PA1 — 1,206 14,112 12,959 1,796 26,481 28,277 (10,730)19932008
Logan Township, NJ1 — 5,040 26,749 3,221 5,095 29,915 35,010 (3,323)2009, 20152021
Lowell, AR1 — 2,610 31,984 460 2,912 32,142 35,054 (5,900)19922019
Lula, GA1 — 3,864 35,382 1,150 4,074 36,322 40,396 (6,818)19962019
Lumberton, NC1 — — 981 1,160 10 2,131 2,141 (339)19822020
Lynden, WA5 — 1,420 8,590 2,702 1,524 11,188 12,712 (5,301)19462009
Manchester, PA1 — 3,838 36,621 4,021 5,082 39,398 44,480 (18,685)19942008
Mansfield, TX1 — 5,670 33,222 10 5,670 33,232 38,902 (3,993)20182020
Marshall, MO1 — 741 10,304 1,341 967 11,419 12,386 (5,399)19852008
Massillon 17th, OH1 — 175 15,322 1,427 530 16,394 16,924 (7,452)20002008
Massillon Erie, OH1 — — 1,988 823 — 2,811 2,811 (2,642)19842008
Middleboro, MA1 — 404 15,031 192 441 15,186 15,627 (2,065)20182018
Milwaukie, OR2 — 2,473 8,112 2,023 2,523 10,085 12,608 (6,804)19582008
Mobile, AL1 — 10 3,203 1,745 24 4,934 4,958 (2,195)19762009
Modesto, CA6 — 2,428 19,594 6,754 3,039 25,737 28,776 (14,023)19452009
Monmouth, IL1 — 2,660 48,348 600 2,702 48,906 51,608 (6,449)20142019
Montgomery, AL1 — 850 7,746 528 1,198 7,926 9,124 (4,179)19892013
Moses Lake, WA1 — 575 11,046 3,654 1,198 14,077 15,275 (6,994)19672008
Mountville, PA1 — — 69,409 6,307 — 75,716 75,716 (2,412)20232023
Mullica Hill, NJ1 — 6,030 27,266 224 6,081 27,439 33,520 (3,682)19742020
Murfreesboro, TN1 — 1,094 10,936 3,988 1,346 14,672 16,018 (8,443)19822008
Nampa, ID4 — 1,588 11,864 2,687 1,834 14,305 16,139 (9,256)19462008
Napoleon, OH1 — 2,340 57,677 453 2,350 58,120 60,470 (9,039)19742019
New Ulm, MN7 — 725 10,405 3,133 822 13,441 14,263 (6,191)19842009
Newark, NJ1 — 30,390 53,163 8,401 30,390 61,564 91,954 (5,124)2012, 20152021
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
Newport, MN1 — 3,383 19,877 1,374 3,744 20,890 24,634 (4,229)19642020
North Little Rock, AR1 — 1,680 12,841 14,971 2,236 27,256 29,492 (4,380)19962019
Oklahoma City, OK1 — 742 2,411 2,047 888 4,312 5,200 (2,333)19682008
Ontario, CA3 — 14,673 3,632 29,174 14,777 32,702 47,479 (17,674)1987/1984/19832008
Ontario, OR4 — — 13,791 10,092 1,329 22,554 23,883 (17,339)19622008
Oxford1 — 1,820 10,083 704 1,828 10,779 12,607 (1,337)19902020
Pasco, WA1 — 557 15,809 684 638 16,412 17,050 (7,095)19842008
Pedricktown, NJ1 — 4,670 35,584 252 4,757 35,749 40,506 (4,726)20082020
Pendergrass, GA1 — 500 12,810 4,199 580 16,929 17,509 (9,173)19932009
Perryville, MD1 — 1,626 19,083 5,573 5,820 20,462 26,282 (3,094)20072019
Phoenix2, AZ1 — 3,182 11,312 317 3,182 11,629 14,811 (3,796)20142014
Piedmont, SC1 — 500 9,883 1,745 508 11,620 12,128 (6,470)19812009
Piscataway 120, NJ1 — — 106 231 — 337 337 (112)19682020
Piscataway 5 Access, NJ1 — — 3,952 — — 3,952 3,952 (993)20182020
Plover, WI1 — 1,390 18,298 7,360 2,654 24,394 27,048 (12,969)19812008
Portland, ME1 — 305 2,402 1,401 385 3,723 4,108 (1,626)19522008
Rochelle, IL (Americold Drive)1 — 1,860 18,178 48,695 4,430 64,303 68,733 (17,324)19952008
Rochelle, IL (Caron)1 — 2,071 36,658 1,826 2,356 38,199 40,555 (18,309)20042008
Rockmart1 — 3,520 33,336 4,084 4,697 36,243 40,940 (4,385)19912020
Russellville, AR - Valley1 — 708 15,832 4,050 759 19,831 20,590 (10,079)19952008
Russellville, AR - Cloverleaf (Rt. 324)1 — 2,467 29,179 140 2,499 29,287 31,786 (5,106)19932019
Russellville, AR - Elmira1 — 1,369 50,749 2,633 1,550 53,201 54,751 (8,532)1986, 2022, 20232008
Salem, OR4 — 3,055 21,096 6,592 3,305 27,438 30,743 (14,685)19632008
Salinas, CA5 — 7,244 7,181 14,196 8,142 20,479 28,621 (9,858)19582009
Salt Lake City, UT1 — — 22,481 11,034 485 33,030 33,515 (21,689)19982010
San Antonio - HEB, TX1 — 2,014 22,902 736 2,014 23,638 25,652 (8,076)19822017
San Antonio, TX3 — 1,894 11,101 4,059 2,329 14,725 17,054 (10,455)19132009
Sanford, NC1 — 3,110 34,104 691 3,291 34,614 37,905 (5,667)19962019
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
Savannah, GA1 — 20,715 10,456 5,033 22,743 13,461 36,204 (2,988)20152019
Savannah 2, GA1 — 3,002 37,571 410 3,174 37,809 40,983 (5,415)20202020
Savannah Pooler, GA1 — — 1,382 2,094 1,139 2,337 3,476 (592)2013, 20152020
Seabrook, NJ1 — 3,370 19,958 1,531 3,015 21,844 24,859 (2,592)2002, 2004, 20182021
Sebree, KY1 — 638 7,895 1,958 802 9,689 10,491 (3,895)19982008
Sikeston, MO1 — 258 11,936 3,334 2,350 13,178 15,528 (6,592)19982009
Sioux City, IA-2640 Murray St1 — 5,950 28,391 84 4,529 29,896 34,425 (5,618)19902019
Sioux City, IA-2900 Murray St1 — 3,070 56,336 1,690 4,506 56,590 61,096 (10,119)19952019
Sioux Falls, SD1 — 856 4,780 5,110 1,084 9,662 10,746 (5,685)19722008
South Plainfield, NJ1 — 5,360 20,874 1,774 6,578 21,430 28,008 (2,459)1970 -19742020
Springdale, AR1 — 844 10,754 2,140 931 12,807 13,738 (6,761)19822008
St. Louis, MO2 — 2,082 7,566 2,217 2,198 9,667 11,865 (4,423)19562009
St. Paul, MN2 — 1,800 12,129 979 1,800 13,108 14,908 (6,915)19702009
Strasburg, VA1 — 1,551 15,038 2,259 1,761 17,087 18,848 (7,507)19992008
Summerville1 — — 5,024 233 7 5,250 5,257 (831)19992020
Sumter, SC1 — 530 8,738 65 560 8,773 9,333 (2,151)19792019
Syracuse, NY2 — 2,177 20,056 6,266 2,420 26,079 28,499 (12,692)19602008
Tacoma, WA1 — — 21,216 2,640 31 23,825 23,856 (10,282)20102010
Tampa - Bartow, FL1 — — 2,451 874 89 3,236 3,325 (2,741)19622008
Tampa Maple, FL1 — 3,233 15,940 83 3,242 16,014 19,256 (1,966)20172020
Tampa Plant City, FL2 — 1,333 11,836 1,729 1,380 13,518 14,898 (6,070)19872009
Tarboro, NC1 — 1,078 9,586 1,459 1,225 10,898 12,123 (4,990)19882008
Taunton, MA1 — 1,477 14,159 1,528 1,703 15,461 17,164 (6,704)19992009
Texarkana, AR1 — 842 11,169 1,761 921 12,851 13,772 (5,765)19922008
Tomah, WI1 — 886 10,715 939 1,034 11,506 12,540 (5,750)19892008
Turlock, CA (#1)2 — 944 4,056 1,013 967 5,046 6,013 (2,544)19952008
Turlock, CA (#2)1 — 3,091 7,004 3,833 3,124 10,804 13,928 (4,810)19852008
Vernon 2, CA1 — 8,100 13,490 4,118 8,112 17,596 25,708 (10,561)19652009
Victorville, CA1 — 2,810 22,811 2,849 2,826 25,644 28,470 (10,917)20042008
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
Vineland, NJ1 — 9,580 68,734 4,508 9,580 73,242 82,822 (7,487)1998, 2000, 2015, 2016, 20172020
Vineland, NJ (North Mill)1 — 4,386 13,019 — 4,386 13,019 17,405 (93)1975,1992, 1996,20212023
Walla Walla, WA2 — 215 4,693 767 159 5,516 5,675 (3,630)19602008
Wallula, WA1 — 690 2,645 960 788 3,507 4,295 (1,659)19822008
Watsonville, CA1 — — 8,138 2,354 21 10,471 10,492 (8,591)19842008
West Memphis, AR1 — 1,460 12,300 3,446 2,802 14,404 17,206 (7,857)19852008
Wichita, KS1 — 1,297 4,717 2,452 1,432 7,034 8,466 (3,717)19722008
Woodburn, OR1 — 1,552 9,860 4,789 1,627 14,574 16,201 (6,314)19522008
York-Willow Springs, PA1 — 1,300 7,351 880 1,416 8,115 9,531 (4,183)19872009
Zumbrota, MN3 — 800 10,360 2,088 934 12,314 13,248 (5,554)19962009
Canada
Taber— — — 12 (1)— 11 11 (11)19992009
Brampton1 — 27,522 53,367 381 27,448 53,822 81,270 (8,090)20042020
Calgary1 — 5,240 36,392 8,097 6,161 43,568 49,729 (5,445)20092020
Halifax Dartmouth1 — 2,052 14,904 (47)2,046 14,863 16,909 (1,829)20132020
Halifax Thornhill1 —  1,044 (3)— 1,041 1,041 (994)19712020
London1 — 1,431 11,340 (837)1,367 10,567 11,934 (1,337)19822021
Mississauga Surveyor1 — — 245 150 — 395 395 (47)1972, 19922021
Australia
Arndell Park2 — 13,489 29,428 2,736 11,417 34,236 45,653 (14,289)1989/19942009
Brisbane - Hemmant1 — 9,738 10,072 (1,311)7,852 10,647 18,499 (1,076)19962020
Brisbane - Lytton1 — 19,575 28,920 (2,659)17,400 28,436 45,836 (2,885)19662021
Laverton2 — 13,689 28,252 8,489 11,586 38,844 50,430 (15,425)1997/19982009
Murarrie3 — 10,891 18,975 (1,142)9,218 19,506 28,724 (8,362)1972/20032009
Prospect/ASC Corporate2 — — 1,187 20,043 7,243 13,987 21,230 (6,796)19852009
Spearwood1 — 7,194 10,990 13,190 6,089 25,285 31,374 (5,396)19782009
Wivenhoe - Tasmania1 — 994 8,218 538 823 8,927 9,750 (497)1998/20132022
Ormeau1 — 3,379 14,551 933 3,625 15,238 18,863 (226)20032023
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
New Zealand
Dalgety1 — 6,047 5,531 31,832 5,905 37,505 43,410 (7,590)19882009
Diversey1 — 2,357 5,966 1,400 2,302 7,421 9,723 (2,778)19882009
Halwyn Dr1 — 5,227 3,399 1,215 5,104 4,737 9,841 (2,100)19922009
Mako Mako1 — 1,332 3,810 640 1,301 4,481 5,782 (1,685)20002009
Manutapu/Barber Akld1 — — 343 354 — 697 697 (537)20042009
Paisley2 — 8,495 5,295 (5,076)5,368 3,346 8,714 (800)19842009
Smarts Rd1 — 2,442 5,750 902 2,457 6,637 9,094 (1,135)19842022
Argentina
Mercado Central - Buenos Aires, ARG1 — — 4,984 (2,146)— 2,838 2,838 (5,121)1996/19992009
Pilar - Buenos Aires, ARG1 — 706 2,586 (2,590)647 55 702 (17)20002009
Netherlands
Barneveld2 — 15,410 27,472 (3,149)13,948 25,785 39,733 (2,167)1986, 19952020
Urk2 — 7,100 31,014 (2,869)6,416 28,829 35,245 (3,251)1994, 20012020
Maasvlakte - Rotterdam1 — 540 15,746 (1,564)488 14,234 14,722 (2,186)20162020
Westland - Rotterdam1 — 20,910 26,637 (4,586)19,038 23,923 42,961 (2,740)1976, 1974, 2007, 20162020
Austria
Vienna1 — 280 26,515 (2,232)253 24,310 24,563 (2,351)19792020
Ireland
Castleblayney2 — 6,170 22,244 (1,389)5,736 21,289 27,025 (2,467)1976, 19942020
Dublin1 — 6,163 29,179 9,832 8,617 36,557 45,174 (2,045)2018, 20222020
Portugal
Lisbon1 — 7,385 29,538 (1,988)6,690 28,245 34,935 (2,468)19932020
Porto1 — 6,409 17,340 (2,066)5,820 15,863 21,683 (1,362)20062020
Sines1 — 130 2,311 (233)117 2,091 2,208 (180)20162020
Spain
Algeciras1 — 101 11,948 105 109 12,045 12,154 (1,445)19782020
Barcelona2 — 16,340 35,247 4,821 14,766 41,642 56,408 (4,480)1989, 2008, 20222020
Valencia1 — 170 10,932 (293)154 10,655 10,809 (1,043)20052020
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
Poland
Gdynia2 — 10,329 4,167 1,376 10,798 5,074 15,872 (424)2015, 20232020, 2022, 2023
Great Britain
Spalding - Bowman1 — 5,916 32,815 (5,280)4,321 29,130 33,451 (2,302)2011, 20172020
Whitchurch1 — 7,750 74,185 1,497 8,527 74,905 83,432 (8,838)20142020
Northern Ireland
Lurgan2 — 3,390 7,992 2,384 3,087 10,678 13,766 (1,328)1985, 19862020
Total— 764,510 3,745,894 788,329 820,831 4,477,901 5,298,732 (1,308,346)
Land, buildings, and improvements in the assets under construction balance as of December 31, 2022.
US
401 Kentile, NJ— — — — — 5 5 
501 Kentile, NJ— — — — — 608 608 
601 Kentile, NJ— — — — — 68 68 
Albertville, AL— — — — — 137 137 
Allentown, PA— — — — — 627 627 
Amarillo, TX— — — — — 80 80 
Anaheim, CA— — — — — 11 11 
Atlanta - East Point, GA— — — — — 220 220 
Atlanta - Empire, GA— — — — — 209 209 
Atlanta - Gateway, GA— — — — — 22,350 22,350 
Atlanta - Lakewood, GA— — — — — 27 27 
Atlanta - Pleasantdale, GA— — — — — 5,608 5,608 
Atlanta - Skygate, GA— — — — — 262 262 
Atlanta - Southgate, GA— — — — — 226 226 
Atlanta - Tradewater, GA— — — — — 6,338 6,338 
Atlanta - Westgate, GA— — — — — 94 94 
Atlanta, GA - Corporate— — — — — 916 916 
Babcock, WI— — — — — 72 72 
Belvidere-Imron, IL— — — — — 12 12 
Benson, NC— — — — — 15 15 
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
Benson Hodges, NC— — — — — 205 205 
Brighton (Denver 2), CO— — — — — 3,414 3,414 
Burley, ID— — — — — 24 24 
Burlington, WA— — — — — 347 347 
Cartersville, GA— — — — — 6 6 
Carthage Warehouse Dist, MO— — — — — (9)(9)
Chambersburg, PA— — — — — 99 99 
Charlotte, NC— — — — — 9 9 
Chesapeake, VA— — — — — (9)(9)
Chillicothe, MO— — — — — 70 70 
Clearfield, UT— — — — — 1,042 1,042 
Clearfield 2, UT— — — — — 681681 
Columbia, SC— — — — — 221 221 
Dallas (Catron), TX— — — — — 370370 
Dominguez Hills, CA— — — — — 14521,452 
Douglas, GA— — — — — 221 221 
Dunkirk, NY— — — — — 1,535 1,535 
East Dubuque, IL— — — — — 388 388 
Edison, NJ— — — — — 450 450 
Fairfield, OH— — — — — 120 120 
Forest, MS— — — — — 149 149 
Ft. Worth, TX (Railhead)— — — — — (9)(9)
Fort Worth-Samuels, TX— — — — — 265 265 
Gadsden, AL— — — — — 7 7 
Gaffney, SC— — — — — 1 1 
Gainesville, GA— — — — — 55 55 
Gainesville Candler, GA— — — — — 23 23 
Geneva Lakes, WI— — — — — 370 370 
Gloucester - Rogers, MA— — — — — (29)(29)
Goldsboro Commerce, PA— — — — — 30 30 
Grand Island, NE— — — — — 2,763 2,763 
Grand Prairie, TX— — — — — 1,074 1,074 
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
Green Bay, WI— — — — — 37 37 
Hatfield, PA— — — — — 215 215 
Henderson, NV— — — — — 20 20 
Indianapolis, IN— — — — — 5,892 5,892 
Jefferson, WI— — — — — 28 28 
Johnson, AR— — — — — 369 369 
LaPorte, TX— — — — — (13)(13)
Le Mars, IA— — — — — 671 671 
Lebanon, TN— — — — — 183 183 
Logan Township, NJ— — — — — 68 68 
Lumberton, NC— — — — — 26 26 
Lynden, WA— — — — — 465 465 
Manchester, PA— — — — — 19 19 
Mansfield, TX— — — — — 156 156 
Massillon 17th, OH— — — — — 153 153 
Milwaukie, OR— — — — — (9)(9)
Mobile, AL— — — — — 7 7 
Modesto, CA— — — — — (181)(181)
Montgomery, AL— — — — — 643 643 
Moses Lake, WA— — — — — (37)(37)
Mountville, PA— — — — — 143,871 143,871 
Murfreesboro, TN— — — — — 274 274 
Nampa, ID— — — — — 91 91 
Napoleon, OH— — — — — 16 16 
New Ulm, MN— — — — — 106 106 
Newark, NJ— — — — — 210 210 
Newport, MN— — — — — (44)(44)
Ontario, CA— — — — — 1,082 1,082 
Pasco, WA— — — — — (6)(6)
Pedricktown, NJ— — — — — 661 661 
Perryville, MD— — — — — 80 80 
Piscataway 120, NJ— — — — — 46 46 
Plainville, CT— — — — — 155,050 155,050 
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
Plover, WI— — — — — 150 150 
Rochelle, IL (Americold Drive)— — — — — 1,954 1,954 
Rochelle, IL (Caron)— — — — — 9,121 9,121 
Rockmart— — — — — 448 448 
Russellville, AR - Elmira— — — — — 40,372 40,372 
Russellville, AR - Cloverleaf (Rt. 324)— — — — — 122 122 
Salem, OR— — — — — 6 6 
Salinas, CA— — — — — 120 120 
Salt Lake City, UT— — — — — 425 425 
San Antonio - HEB, TX— — — — — 709 709 
Sanford, NC— — — — — 368 368 
Savannah, GA— — — — — 8 8 
Savannah 2, GA— — — — — (11)(11)
Savannah Pooler, GA— — — — — 55 55 
Sebree, KY— — — — — 10 10 
Sioux City, IA-2640 Murray St— — — — — 1,158 1,158 
Sioux Falls, SD— — — — — 33 33 
South Plainfield, NJ— — — — — 105 105 
Strasburg, VA— — — — — 227 227 
Tacoma, WA— — — — — 177 177 
Tampa - Bartow, FL— — — — — 13 13 
Tampa Maple, FL— — — — — 42 42 
Tampa Plant City, FL— — — — — (30)(30)
Tarboro, NC— — — — — 24 24 
Taunton, MA— — — — — 112 112 
Texarkana, AR— — — — — 10 10 
Tomah, WI— — — — — 4 4 
Turlock, CA (#1)— — — — — 614 614 
Turlock, CA (#2)— — — — — 22 22 
Vernon 2, CA— — — — — 953 953 
Victorville, CA— — — — — 1,166 1,166 
Vineland, NJ— — — — — 6,163 6,163 
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
Walla Walla, WA— — — — — (5)(5)
Watsonville, CA— — — — — 5 5 
York-Willow Springs, PA— — — — — 239 239 
Zumbrota, MN— — — — — 114 114 
Canada
Calgary— — — — — 154 154 
Brampton— — — — — 123 123 
Halifax - Dartmouth— — — — — 26 26 
London— — — — — 1,156 1,156 
Mississauga Surveyor— — — — — 201 201 
Australia
Arndell Park— — — — — 647 647 
Brisbane - Hemmant— — — — — 395 395 
Brisbane - Lytton— — — — — 387 387 
Laverton— — — — — 3,149 3,149 
Murarrie— — — — — 982 982 
Prospect/ASC Corporate— — — — — 727 727 
Spearwood— — — — — 457 457 
Wivenhoe - Tasmania— — — — — 1,620 1,620 
New Zealand
Dalgety— — — — — 822 822 
Diversey— — — — — 216 216 
Halwyn Dr— — — — — 86 86 
Mako Mako— — — — — 270 270 
Paisley— — — — — 78 78 
Smarts Rd— — — — — 189 189 
Europe
Barneveld, Netherlands— — — — — 44 44 
Maasvlakte, Netherlands— — — — — 1,521 1,521 
Urk, Netherlands— — — — — 3 3 
Monaghan, Ireland— — — — — 46 46 
Dublin, Ireland— — — — — 2,733 2,733 
Lisbon, Portugal— — — — — 237 237 
 Initial Costs  Gross amount at which carried as of
December 31, 2023
 Property  Buildings  Encumbrances Land  Buildings and Improvements  Costs Capitalized Subsequent to Acquisition (3) Land  Buildings and Improvements (2)  Total
(4) 		 Accumulated Depreciation (1) (6) (5)Date of ConstructionDate of Acquisition
Algeciras, Span— — — — — 57 57 
Valencia, Spain— — — — — 133 133 
Barcelona, Spain— — — — — 832 832 
Witchurch, UK— — — — — 21 21 
Total in assets under construction— — — — — 445,684 445,684 — 
Total assets$— $764,510 $3,745,894 $788,329 $820,831 $4,923,585 $5,744,416 $(1,308,346)
Schedule III – Footnotes
(1) Reconciliation of total accumulated depreciation to consolidated balance sheet caption as of December 31, 2023:
Total per Schedule III$(1,308,346)
Accumulated depreciation on investments in non-real estate assets(957,674)
Total accumulated depreciation per consolidated balance sheet (property, buildings and equipment and financing leases)$(2,266,020)
(2) Reconciliation of total Buildings and improvements to consolidated balance sheet as of December 31, 2023:
Building and improvements per consolidated balance sheet$4,464,359 
Building and improvements financing leases per consolidated balance sheet13,542 
Assets under construction per consolidated balance sheet452,312 
Less: personal property assets under construction(6,628)
Total per Schedule III$4,923,585 
(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, 2023 of our real estate assets was approximately $4.5 billion.
(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:
202320222021
Real Estate Facilities, at Cost:
Beginning Balance $6,261,663 $6,134,702 $5,706,760 
Capital expenditures 231,984 195,696 304,886 
Acquisitions44,911 12,615 383,600 
Purchase price allocation adjustments— (331)(198,541)
Disposition(6,829)(14,694)(3,691)
Impairment— (3,407)(1,700)
Conversion of leased assets to owned301 13,182 — 
Impact of foreign exchange rate changes27,725 (76,100)(56,612)
Ending Balance6,559,755 6,261,663 6,134,702 
Accumulated Depreciation:
Beginning Balance (1,470,179)(1,277,174)(1,080,922)
Depreciation expense(215,731)(204,896)(201,497)
Dispositions1,037 5,304 1,259 
Impact of foreign exchange rate changes(9,110)6,587 3,986 
Ending Balance(1,693,983)(1,470,179)(1,277,174)
Total Real Estate Facilities, Net at December 31$4,865,772 $4,791,484 $4,857,528 
The total real estate facilities amounts in the table above include $147.0 million, $152.0 million, and $157.4 million of assets under sale-leaseback agreements accounted for as a financing as of December 31, 2023, 2022 and 2021, respectively. The Company does not hold title in these assets under sale-leaseback agreements. As of December 31, 2022 and 2021, the Company has no facilities classified as held for sale.
(7) Reconciliation of the Company’s real estate activity and accumulated depreciation for the years ended December 31, 2023 to Schedule III:
Total real estate facilities gross amount per Schedule III$5,744,416 
Plus: Refrigeration equipment 826,320 
Offshore non-real CIP recorded in real CIP-not included in Schedule III$(10,981)
Real estate facilities, at cost - ending balance$6,559,755 
Accumulated depreciation per Schedule III$1,308,346 
Plus: Refrigeration equipment 385,637 
— 
Accumulated depreciation - ending balance$1,693,983 
v3.24.0.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure      
Net Income (Loss) $ (336,215) $ (19,440) $ (30,455)
v3.24.0.1
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2023
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
v3.24.0.1
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2023
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”). The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. 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. Intercompany balances and transactions have been eliminated.
Use of Estimates and Variable Interest Entities
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 Statement 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 and Asset Acquisitions to the Consolidated Financial Statements, the Comfrio business met the held for sale criteria upon acquisition 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 Statement of Operations. In conjunction with the sale, the Company also removed the related assets and liabilities of the business previously classified as assets and liabilities held for sale.
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 Statement of Operations herein. Lastly, the Consolidated Statement of Cash Flows includes includes various reclassifications, all within cash provided by operating activities, to conform current and prior period presentation.
Significant Risks and Uncertainties
Significant Risks and Uncertainties
The Company was negatively impacted by the COVID-19 pandemic during the years ended December 31, 2022, and 2021 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. Over the last twelve months, 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. We believe we are positioned to address continued inflationary pressure as it arises through our ability to increase pricing with our customers.
Refer to Item 1A - Risk Factors for a detailed discussion of other risk and uncertainties.
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, 2023, 2022 and 2021, the Company recorded depreciation expense of $316.8 million, $295.7 million and $284.6 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 “(Gain) loss on sale of real estate” in the accompanying Consolidated Statement of Operations as a component of operating expenses.
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 and declines in occupancy) 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 Revenue), transportation services (Transportation Revenue) and third-party managed services for locations or logistics services managed on behalf of customers (Third-Party Managed Revenue). 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, some excise taxes).
Warehouse Revenue
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. Multiple contracts with a single counterparty are accounted for as separate arrangements.
Transportation Revenue
The Company records transportation revenue 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 Revenue
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 revenue 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 revenue 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.
Contracts with Multiple Service Lines
When considering contracts containing more than one service to a customer, a contract’s transaction price is pre-defined or allocated to each distinct performance obligation and recognized as revenue when, or as the performance obligation is satisfied, either over time as work progresses, or at a point in time. For contracts with multiple service lines or distinct performance obligations, the Company evaluates and allocates the contract’s transaction price to each performance obligation using our best estimate of the standalone selling price of each distinct good or service in the contract. The primary method used to estimate standalone selling price is the expected cost plus a margin approach, under which the Company forecasts expected costs of satisfying a performance obligation and then adds an appropriate margin for that distinct good or service.
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 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 use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. 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 lease right-of-use assets” 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 lease right-of-use assets”, “Accounts payable and accrued expenses” and “Operating lease obligations” on our Consolidated Balance Sheets. Financing lease assets are included in “Financing leases – net”, “Accounts payable and accrued expenses” 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 generally relate 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 use in valuing the land include but are not limited to estimating the price per acre of comparable market transactions.
Indefinite-Lived Asset
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, 2023, 2022 and 2021.
Finite-Lived 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. Customer relationship amortization expense for the years ended December 31, 2023, 2022 and 2021 was $36.9 million, $35.7 million and $34.2 million, respectively. The Company reviews these intangible assets for impairment when circumstances indicate the carrying amount may not be recoverable. There were no impairments to customer relationship assets for the years ended December 31, 2023, 2022 and 2021.
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
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.
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, macro economic conditions, 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, 2023, our reporting units which had a goodwill balance included the following: North America warehouse, North America transportation, Europe warehouse and Asia-Pacific warehouse.

Goodwill
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 include 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 entailed 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 are estimates and use Level 3 inputs. The estimation of the net present value of future cash flows is 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 are the most subjective and/or complex. These assumptions are 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. The results of our 2023 impairment test for our reporting units other than Europe warehouse 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.
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 is immaterial. Historically, our reporting units have generated sufficient returns to recover the value of goodwill.
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, 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 (in thousands):
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
Year ended December 31, 2023
$15,951 6,422 6,296 (7,022)$21,647 
Year ended December 31, 2022
$18,755 7,394 4,514 (14,712)$15,951 
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 line of credit are classified as Other assets, whereas deferred financing costs related to debt are offset against the related principal balance, as applicable 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, 2023, 2022 and 2021. 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, 2023, 2022 and 2021, 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, 2023. 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
202320222021
Ordinary income
66 %41 %41 %
Capital gains
0 %0 %0 %
Return of capital
34 %59 %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. We are still evaluating the potential consequences of Pillar 2 on our longer-term financial position but we do not expect a material impact in 2024.
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 sheet 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 fair value of the plan assets and 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 Gain 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 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 income (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 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 “Accumulated other comprehensive income (loss)”. Refer to Note 10-Derivatives 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 “Change in unrealized net 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 “Change in unrealized net loss on foreign currency” on the accompanying Consolidated Statements of Comprehensive (Loss) Income. Refer to Note 10-Derivatives for further details.
Recent Accounting Pronouncements
Recent Accounting Pronouncements
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. Early adoption is permitted. The Company is currently evaluating the impact of this standard on our disclosures.
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 financial statements. ASU 2023-07 is effective retrospectively for fiscal years beginning after December 15, 2023 and for interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of this standard on our disclosures.
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.
v3.24.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
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 (in thousands):
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
Year ended December 31, 2023
$15,951 6,422 6,296 (7,022)$21,647 
Year ended December 31, 2022
$18,755 7,394 4,514 (14,712)$15,951 
Schedule of Distribution The composition of the Company’s distributions per common share for each year presented is as follows:
Common Shares
202320222021
Ordinary income
66 %41 %41 %
Capital gains
0 %0 %0 %
Return of capital
34 %59 %59 %
100 %100 %100 %
v3.24.0.1
Business Combinations and Asset Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Components of Net Gain (Losses) from Discontinued Operations
The primary components of the loss from discontinued operations during the year ended December 31, 2023, 2022, and 2021 are included in the table below.
As of December 31,
(In Thousands)202320222021
Results of discontinued operations
Revenue $29,471 $— $— 
Operating expenses 32,088 — — 
Estimated costs of disposal 4,616 — — 
Loss from partial investment pre-acquisition4,111 8,382 1,281 
Gain from sale of Comfrio (1,082)— — 
Pre-tax loss(10,262)(8,382)(1,281)
Income tax expense (191)— — 
Loss - discontinued operations, net of tax$(10,453)$(8,382)$(1,281)
v3.24.0.1
Investments in Partially Owned Entities (Tables)
 12 Months Ended
Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investment in Partially Owned Entities
As of December 31, 2023 and December 31, 2022, our investments in partially owned entities accounted for under the equity method of accounting presented in our Consolidated Balance Sheets consists of the following (in thousands):
Joint VentureLocation% Ownership 2023December 31, 2023% Ownership 2022December 31, 2022
SuperfrioBrazil14.99%$32,35014.99 %$30,445
RSADubai49.00%4,073— %—
ComfrioBrazil—%—22.12 %1,435
LATAMChile—%—15.00 %36,943
$36,423$68,823
v3.24.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023, 2022 are as follows (in thousands):
WarehouseTransportationThird-party managedTotal
(In thousands)
December 31, 2021$1,040,115 $29,654 $3,211 $1,072,980 
Goodwill acquired
3,076 — — 3,076 
Purchase price allocation adjustments(5,048)— — (5,048)
Derecognition of Goodwill upon deconsolidation of entity(6,653)— — (6,653)
Goodwill Impairment— — (3,211)(3,211)
Impact of foreign currency translation
(27,507)— — (27,507)
Other adjustments(14,697)14,697 — — 
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, 2023$749,653 $44,351 $— $794,004 
Schedule of Intangible Assets Subject to Amortization
Intangible assets, other than goodwill, are as follow as of December 31, 2023 and 2022 (in thousands):
As of
December 31, 2023December 31, 2022
Intangible assetGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Customer relationship$1,023,107 $(141,077)$882,030 $1,013,258 $(103,615)$909,643 
In-place lease and assembled workforce$4,254 $(3,946)$308 $4,825 $(4,322)$503 
Trade name $16,700 $(1,623)$15,077 $16,700 $(1,623)$15,077 
Total intangible assets, other than goodwill$1,044,061 $(146,646)$897,415 $1,034,783 $(109,560)$925,223 
v3.24.0.1
Other Assets (Tables)
 12 Months Ended
Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Assets
Other assets as of December 31, 2023 and 2022 are as follows (in thousands):
20232022
Capitalized costs related to Project Orion$43,948 $3,255 
Prepaid accounts40,942 26,490 
Inventory and supplies30,719 29,297 
Value Added Tax Receivable17,339 12,103 
Fair Value of Derivatives15,480 23,520 
Other45,650 64,040 
$194,078 $158,705 
v3.24.0.1
Accounts Payable and Accrued Expenses (Tables)
 12 Months Ended
Dec. 31, 2023
Payables and Accruals [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities
Accounts payable and accrued expenses as of December 31, 2023 and 2022 are as follows (in thousands):
20232022
Trade payables$201,094 $215,255 
Accrued payroll and employee benefits107,663 107,238 
Other accrued expenses91,312 70,218 
Dividends payable63,564 60,419 
Accrued utilities, property taxes, and warehouse costs43,702 44,107 
Accrued workers’ compensation expenses33,030 31,943 
Accrued interest28,399 28,360 
$568,764 $557,540 
v3.24.0.1
Acquisition, Cyber Incident and Other, Net (Tables)
 12 Months Ended
Dec. 31, 2023
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 (in thousands):
Years Ended December 31,
Acquisition, cyber incident, and other, net202320222021
Cyber incident related costs, net of insurance recoveries$28,877 $(2,210)$(447)
Project Orion expenses13,929 3,945 — 
Severance costs11,668 6,530 8,908 
Acquisition and integration related costs5,094 20,073 39,265 
Other, net1,500 (160)751 
Pension plan termination charges 2,461 — — 
Litigation558 179 2,217 
Terminated site operations costs— 4,154 884 
Total acquisition, cyber incident and other, net$64,087 $32,511 $51,578 
v3.24.0.1
Debt (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Outstanding Borrowings
The following table reflects a summary of our outstanding indebtedness (in thousands):
December 31, 2023December 31, 2022
Carrying AmountCarrying Amount
Senior Unsecured Notes$1,777,925 $1,752,875 
Senior Unsecured Term Loans833,775 829,450 
Senior Unsecured Revolving Credit Facility392,156 500,052 
Total principal amount of indebtedness$3,003,856 $3,082,377 
Less: unamortized deferred financing costs
(10,578)(13,044)
Total indebtedness, net of deferred financing costs
$2,993,278 $3,069,333 
The following tables provides the details of our Senior Unsecured Notes (balances in thousands):
December 31, 2023December 31, 2022
Stated Maturity DateContractual Interest RateBorrowing CurrencyCarrying Amount (USD)Borrowing CurrencyCarrying Amount (USD)
Series A Notes
01/20264.68%$200,000 $200,000 $200,000 $200,000 
Series B Notes
01/20294.86%$400,000 $400,000 $400,000 $400,000 
Series C Notes
01/20304.10%$350,000 $350,000 $350,000 $350,000 
Series D Notes01/20311.62%€400,000 $441,560 €400,000 $428,200 
Series E Notes01/20331.65%€350,000 $386,365 €350,000 $374,675 
Total Senior Unsecured Notes
$1,777,925 $1,752,875 
The following tables provides the details of our Senior Unsecured Term Loans (balances in thousands):
December 31, 2023December 31, 2022
Contractual Interest Rate(1)
Borrowing CurrencyCarrying Amount (USD)
Contractual Interest Rate(1)
Borrowing CurrencyCarrying Amount (USD)
Tranche A-1SOFR + 0.94%$375,000 $375,000 SOFR + 0.95%$375,000 375,000 
Tranche A-2CDOR + 0.94%C$250,000 188,775 CDOR + 0.95%C$250,000 184,450 
Delayed Draw Tranche A-3SOFR + 0.94%$270,000 270,000 SOFR + 0.95%$270,000 270,000 
Total Senior Unsecured Term Loan Facility
$833,775 $829,450 
(1) S = one-month Adjusted Term SOFR; C = one-month CDOR. Tranche A-1 and Tranche A-3 SOFR includes an adjustment of 0.10%, in addition to the margin. While the above reflects the contractual rate, refer to the description below of the Senior Unsecured Credit Facility for details of the portion of these Term Loans that are hedged, therefore, at a fixed interest rate for the duration of the respective swap agreement. Refer to Note 10 for details of the related interest rate swaps.
The following table provides the details of our Senior Unsecured Revolving Credit Facility (balances in thousands):
December 31, 2023December 31, 2022
Denomination of Draw
Contractual Interest Rate (1)
Borrowing CurrencyCarrying Amount (USD)
Contractual Interest Rate(1)
Borrowing CurrencyCarrying Amount (USD)
U.S. dollarSOFR + 0.84%$34,000 $34,000 SOFR + 0.85%$225,000 $225,000 
Australian dollarBBSW + 0.84%A$191,000 $130,108 BBSW + 0.85%A$146,000 $99,470 
British pound sterlingSONIA + 0.84%£78,000 $99,302 SONIA + 0.85%£76,500 $92,435 
Canadian dollarCDOR + 0.84%C$35,000 $26,429 CDOR + 0.85%C$50,000 $36,890 
EuroEURIBOR + 0.84%€67,500 $74,513 EURIBOR + 0.85%€35,500 38,003 
New Zealand dollarBKBM + 0.84%NZD44,000 $27,804 BKBM + 0.85%NZD12,998 8,254 
Total Senior Unsecured Revolving Credit Facility
$392,156 $500,052 
(1) S = one-month Adjusted SOFR; C = one-month CDOR; E = Euro Interbank Offered Rate (EURIBOR), SONIA = Adjusted Sterling Overnight Interbank Average Rate, BBSW = Bank Bill Swap Rate, BKBM = Bank Bill Reference Rate. We have elected Daily SOFR for the entirety of our U.S. dollar denominated borrowings shown above, which includes an adjustment of 0.10%, in addition to the margin. Our British pound sterling borrowings bear interest tied to adjusted SONIA which includes an adjustment of 0.03% in addition to our margin.
Schedule of Aggregate Maturities of Total Indebtedness
The aggregate maturities of indebtedness as of December 31, 2023 for each of the next five years and thereafter, are as follows:
Years Ending December 31:
(In thousands)
2024$—
2025—
2026200,000
2027767,156 
2028458,775
Thereafter
1,577,925
Aggregate principal amount of debt
3,003,856
Less unamortized deferred financing costs
(10,578)
Total debt net of deferred financing costs
$2,993,278
v3.24.0.1
Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023 and December 31, 2022 (fair value in thousands):
NotionalFixed Base Interest Rate SwapEffective DateExpiration Date
Asset Fair Value as of December 31, 2023
Liability Fair Value as of December 31, 2023
$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 
NotionalFixed Base Interest Rate SwapEffective DateExpiration DateAsset Fair Value as of December 31, 2022Liability Fair Value as of December 31, 2022
$200 million
3.65%9/23/202212/29/2023$2,240 $— 
$200 million
3.05%12/29/20237/30/20272,328 — 
$175 million
3.47%11/30/20227/30/20272,020 — 
$270 million
3.05%11/01/202212/31/20278,034 — 
C$250 million
3.59%9/23/202212/31/2027950 — 
Total$15,572 $— 
Summary of Derivative Results The following table presents the fair value of the derivative financial instruments as of December 31, 2023 and December 31, 2022 (in thousands):
Derivative AssetsDerivative Liabilities
December 31, 2023December 31, 2022December 31, 2023December 31, 2022
Designated derivatives
Foreign exchange contracts$5,899 $7,948 $— $— 
Interest rate contracts9,581 15,572 330 — 
Total fair value of derivatives$15,480 $23,520 $330 $— 

The following tables present the effect of the Company’s designated derivative financial instruments on the accompanying Consolidated Statements of Operations for the years ended December 31, 2023, 2022 and 2021, including the impacts to AOCI (in thousands):
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on DerivativeLocation of Gain or (Loss) Reclassified from AOCI into IncomeAmount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Net Income
As of December 31,As of December 31,
202320222021202320222021
Interest rate contracts$7,504 $15,572 $— Interest expense$13,825 $721 $— 
Loss on debt extinguishment, modifications and termination of derivative instruments(1)
(2,513)(2,507)(2,681)
Foreign exchange contracts1,028 5,933 11,626 Foreign currency exchange (loss) gain, net200 7,602 7,595 
Interest expense374 371 (175)
Total designated cash flow hedges$8,532 $21,505 $11,626 $11,886 $6,187 $4,739 
(1) In conjunction with the termination of interest rate swaps in 2020, the Company recorded amounts in other comprehensive income that will be reclassified as an adjustment to earnings over the term of the original hedges and respective borrowings through August 30, 2024. During the year ended December 31, 2023, the Company recorded an increase to “Loss on debt extinguishment, modifications and termination of derivative instruments” related to this transaction.
v3.24.0.1
Sale-Leasebacks of Real Estate (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Outstanding Sale-Leaseback Financing Obligations
The Company’s outstanding sale-leaseback financing obligations of real estate-related long-lived assets as of December 31, 2023 and 2022 are as follows:
Maturity
Interest Rate as of December 31, 2023
20232022
(In thousands)
1 warehouse – 2010
7/203010.34%$16,912 $17,607 
11 warehouses – 2007
9/2027
7.00% - 19.59%
78,735 84,406 
3 facilities - 2007 (Agro)
7/203110%60,987 63,550 
1 facility - 2013 (Agro)
12/203310%5,303 5,526 
Total sale-leaseback financing obligations$161,937 $171,089 
As of December 31, 2023, 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)
2024$27,787 
202528,075 
202628,363 
202725,123 
202813,233 
Thereafter
115,801 
Total minimum payments
238,382 
Interest portion
(76,445)
Present value of net minimum payments
$161,937 
v3.24.0.1
Lease Accounting (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lease, Cost
The components of lease expense were as follows (in thousands):
Years Ended December 31,
202320222021
Components of lease expense:
Operating lease cost (a)
$44,971 $52,331 $59,405 
Financing lease cost:
Depreciation
26,129 25,687 29,743 
Interest on lease liabilities
444 3,063 7,135 
Sublease income
(5,856)(7,991)(3,785)
Net lease expense
$65,688 $73,090 $92,498 
(a) Includes short-term lease and variable lease costs, which are immaterial.
Other information related to leases is as follows:
Years Ended December 31,
202320222021
Supplemental Cash Flow Information (in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$(35,510)$(42,949)$(52,226)
Financing cash flows from finance leases
$(39,214)$(33,860)$(32,441)
Right-of-use assets obtained in exchange for lease obligations
Operating leases
$6,244 $7,889 $50,886 
Finance leases
$59,276 $18,694 $24,567 
Weighted-average remaining lease term (years)
Operating leases
10.611.111.7
Finance leases
3.93.33.6
Weighted-average discount rate
Operating leases
2.8 %2.8 %2.7 %
Finance leases
3.9 %3.2 %3.4 %
Finance Lease, Liability, Maturity
Future minimum lease payments under non-cancellable leases as of December 31, 2023 were as follows (in thousands):
Years ending December 31,Operating Lease PaymentsFinance Lease PaymentsTotal Lease Payments
2024$35,335 $36,917 $72,252 
202531,328 24,554 55,882 
202627,506 19,776 47,282 
202725,050 14,732 39,782 
202823,710 8,294 32,004 
Thereafter135,588 2,062 137,650 
Total future minimum lease payments$278,517 $106,335 $384,852 
Less: Interest(38,266)(9,158)(47,424)
Total future minimum lease payments less interest$240,251 $97,177 $337,428 
Lessee, Operating Lease, Liability, Maturity
Future minimum lease payments under non-cancellable leases as of December 31, 2023 were as follows (in thousands):
Years ending December 31,Operating Lease PaymentsFinance Lease PaymentsTotal Lease Payments
2024$35,335 $36,917 $72,252 
202531,328 24,554 55,882 
202627,506 19,776 47,282 
202725,050 14,732 39,782 
202823,710 8,294 32,004 
Thereafter135,588 2,062 137,650 
Total future minimum lease payments$278,517 $106,335 $384,852 
Less: Interest(38,266)(9,158)(47,424)
Total future minimum lease payments less interest$240,251 $97,177 $337,428 
Lessor, Operating Lease, Payments to be Received, Maturity
Future minimum lease payments due from our customers on leases as of December 31, 2023 were as follows (in thousands):
Year ending December 31,Operating Leases
2024$47,849 
202535,372 
202630,209 
202724,438 
202821,121 
Thereafter53,616 
Total$212,605 
v3.24.0.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2023
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,
20232022
(In thousands)
Measured at fair value on a recurring basis:
Interest rate swap assetLevel 2$9,581 $15,572 
Interest rate swap liabilityLevel 2$330 — 
Cross-currency swap assetLevel 2$5,899 $7,948 
Assets held by various pension plans:
Level 1$24,564 $46,155 
Level 2$4,425 $17,344 
Level 3$1,323 $1,143 
Disclosed at fair value:
Senior unsecured notes and term loans(1)
Level 3$2,821,064 $2,829,574 
    
(1)The carrying value of senior unsecured notes and term loans is disclosed in Note 9-Debt.
v3.24.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023, 2022 and 2021:
Year Ended
December 31		Grantee TypeNumber of
Restricted Stock
Units Granted		Vesting
Period		Grant Date
Fair Value
(in thousands)
2023 Directors 12,036 
 1 year
$350 
2023 Associates 634,109 
 1-3 years
$19,759 
2022 Directors 4,810 
 1 year
$125 
2022 Associates 555,719 
 1-3 years
$15,067 
2021 Directors 6,616 
 1 year
$250 
2021 Associates 1,004,650 
 1-3 years
$31,159 
The following table provides a summary of restricted stock unit activity under the 2010 and 2017 Plans for the year ended December 31, 2023:
Year Ended December 31, 2023
Restricted StockNumber of Time-Based Restricted Stock UnitsAggregate Intrinsic Value (in millions)
Number of Market Performance-Based Restricted Stock Units(2)
Aggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2022
687,667 $19.5 249,447 $7.1 
Granted
538,968 107,177 
Market-performance adjustment(3)
 N/A (10,834)
Vested
(389,754)(52,962)
Forfeited
(104,362)(33,502)
Non-vested as of December 31, 2023
732,519 $20.0 259,326 $10.0 
Shares vested, but not released(1)
46,890 1.4 — — 
Total outstanding restricted stock units
779,409 $21.4 259,326 $10.0 
(1)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.
(2)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.
(3)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.
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
55th 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 (2)
Risk-Free Interest Rate
Dividend Yield (1)
202133 %0.31 %N/A
202233 %1.75 %N/A
202328 %4.77 %N/A
(1)Dividends are assumed to be reinvested and therefore not applicable.
(2)Volatility is based on historical stock price
Schedule of OP Units Activity
The following table summarizes OP unit grants under the 2017 Plan during the years ended December 31, 2023, 2022 and 2021:
Year Ended December 31,Grantee TypeNumber of
OP Units Granted		Vesting
Period		Grant Date Fair Value
(in thousands)
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 
2021Directors22,427
 1 year
$811 
2021Associates308,862
 1-3 years
$9,938 
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 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.
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 and (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.
OP units granted for the year ended December 31, 2021 consisted of: (i) 22,427 time-based OP units with a one-year vesting period issued to non-employee directors as part of their annual compensation (ii) 102,655 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 (iii) 198,007 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 and (iv) 8,200 time-based graded vesting OP units with a two-year vesting period issued to certain associates as a retention grant in November of 2021.
The following table provides a summary of the OP unit activity under the 2017 Plan for the year ended December 31, 2023:
Year Ended December 31, 2023
OP UnitsNumber of Time-Based OP UnitsAggregate Intrinsic Value (in millions)Number of Market Performance-Based OP UnitsAggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2022
160,182 $4.5 462,815 $13.1 
Granted
201,521 169,601 
Vested
(99,210)(155,706)
Forfeited
(26,598)(56,334)
Non-vested as of December 31, 2023
235,895 7.1420,376 12.7
Shares vested, but not released
252,864 7.793,102 — 
Total outstanding OP units
488,759 $14.8 513,478 $12.7 
Schedule of Stock Option Activity
The following table provides a summary of option activity for the year ended December 31, 2023:
Number of OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Terms (Years)
Outstanding as of December 31, 2022
105,498 $9.81 3.6
Exercised
(5,000)9.81 
Outstanding as of December 31, 2023
100,498 $9.81 2.7
Exercisable as of December 31, 2023
100,498 $9.81 2.7
v3.24.0.1
Income Taxes Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
Following is a summary of the income from continuing operations before income taxes in the U.S. and foreign operations:
202320222021
Income/(loss) from continuing operations before income taxes(In thousands)
U.S.
$(35,662)$37,040 $(8,046)
Foreign
(292,427)(66,968)(22,551)
Total Pre-tax book income/(loss) from continuing operations before income taxes
$(328,089)$(29,928)$(30,597)
Schedule of Components of Income Tax Expense (Benefit)
The benefit (expense) for income taxes from continuing operations for the years ended December 31, 2023, 2022 and 2021 is as follows:
202320222021
(In thousands)
Current
U.S. federal
$(9)$290 $38 
State
(3,318)(620)(236)
Foreign
(5,181)(3,395)(7,380)
Total current portion
(8,508)(3,725)(7,578)
Deferred
U.S. federal
(1,264)(3,895)5,884 
State
347 360 1,220 
Foreign
11,698 26,096 2,043 
Total deferred portion
10,781 22,561 9,147 
Total income tax benefit from continuing operations
$2,273 $18,836 $1,569 
Schedule of Effective Income Tax Rate Reconciliation The reconciliation between the statutory rate and reported amount is as follows:
202320222021
(In thousands)
Income tax benefit (expense) from continuing operations at statutory rates
$68,899 $6,285 $6,425 
Earnings from REIT - not subject to tax
(6,612)7,742 (3,599)
State income taxes, net of federal income tax benefit
(2,616)(524)(836)
Foreign income taxed at different rates
11,432 1,296 (983)
Change in valuation allowance
(10,619)1,307 6,198 
Goodwill Impairment(57,436)
Non-deductible expenses
(1,243)(4,379)4,398 
Change in status of investment— 6,503 — 
Change in enacted tax rate— — (11,802)
Other
468 606 1,768 
Total
$2,273 $18,836 $1,569 
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, 2023 and 2022 are as follows:
20232022
(In thousands)
Deferred tax assets:
Net operating loss and credits carryforwards
$74,439 $54,372 
Accrued expenses
34,125 33,404 
Share-based compensation
2,890 3,192 
Lease obligations
15,155 21,552 
Other assets
3,909 1,680 
Total gross deferred tax assets
130,518 114,200 
Less: valuation allowance
(10,895)(84)
Total net deferred tax assets
119,623 114,116 
Deferred tax liabilities:
Intangible assets and goodwill
(76,860)(74,541)
Property, buildings and equipment
(157,659)(145,936)
Lease right-of-use assets
(15,646)(21,811)
Other liabilities
(4,789)(5,889)
Total gross deferred tax liabilities
(254,954)(248,177)
Net deferred tax liability
$(135,331)$(134,061)
v3.24.0.1
Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan
Actuarial information regarding these plans is as follows:
2023
Americold Retirement
Income Plan		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 consist of:
Net loss (gain)
$3,699 $(267)$(68)$93 $(142)$3,315 
Prior service cost
$— $— $— $— $— $— 
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 tax3,005 — — — — 3,005 
Total recognized in other comprehensive (income) loss
$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/A  N/A $504 $1,412 $2,215 $4,131 
Fair value of plan assets
N/AN/A$— $1,633 $1,312 $2,945 
2022
Retirement
Income Plan		National
Service-Related Pension Plan		Other
Post-Retirement Benefits		SuperannuationAustria PlansTotal
Change in benefit obligation:
(In thousands)
Benefit obligation – January 1, 2022
$(43,693)$(36,421)$(629)$(1,347)$(2,602)$(84,692)
Service cost
— — — (47)(97)(144)
Interest cost
(1,025)(990)(11)(31)(22)(2,079)
Actuarial gain (loss)
6,830 9,597 55 76 (37)16,521 
Benefits paid
1,257 1,210 — 15 120 2,602 
Plan participants’ contributions
— — — (18)— (18)
Foreign currency translation gain
— — — 84 217 301 
Effect of settlement
2,820 — 92 — — 2,912 
Benefit obligation – end of year
(33,811)(26,604)(493)(1,268)(2,421)(64,597)
Change in plan assets:
Fair value of plan assets – January 1, 2022
46,878 34,603 — 1,654 1,148 84,283 
Actual return on plan assets
(7,809)(6,394)— (124)(19)(14,346)
Employer contributions
— — 92 — 62 154 
Benefits paid
(1,257)(1,210)— (33)— (2,500)
Effect of settlement
(2,820)— (92)— — (2,912)
Plan participants’ contributions
— — — 38 — 38 
Foreign currency translation gain
— — — (27)(48)(75)
Fair value of plan assets – end of year
34,992 26,999 — 1,508 1,143 64,642 
Funded status
$1,181 $395 $(493)$240 $(1,278)$45 
Amounts recognized on the consolidated balance sheet as of December 31, 2022:
Pension and post-retirement asset (liability)
$1,181 $395 $(493)$240 $(1,278)$45 
Accumulated other comprehensive loss (income)
3,826 (474)(59)(32)47 3,308 
Amounts in accumulated other comprehensive loss consist of:
Net loss
$3,826 $(474)$(59)$(32)$47 $3,308 
Prior service cost
— — — — — — 
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Net loss (gain)
$3,680 $(1,070)$(147)$58 $47 $2,568 
Amortization of net (gain) loss
(101)(117)— — 13 (205)
Amortization of prior service cost
— — — (21)— (21)
Amount recognized due to settlement
(319)11 — — (308)
Foreign currency translation loss
— — — (5)— (5)
Effect of tax
150 197 — — — 347 
Total recognized in other comprehensive loss (income)
$3,410 $(990)$(136)$32 $60 $2,376 
Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation
N/AN/A$493 $1,268 $2,421 $4,182 
Accumulated benefit obligation
N/AN/A$493 $1,208 $2,107 $3,808 
Fair value of plan assets
N/AN/A$— $1,508 $1,143 $2,651 
Schedule of Net Periodic Benefit Costs
The components of net period benefit cost for the years ended December 31, 2023, 2022 and 2021 are as follows:
December 31, 2023
Retirement Income PlanNSRPPOPRBSuperannuationAustria 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
Retirement Income PlanNSRPPOPRBSuperannuationAustria 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
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)

December 31, 2021
Retirement Income PlanNSRPPOPRBSuperannuationAustria PlansTotal
Components of net periodic benefit cost:
(In thousands)
Service cost
$— $— $— $59 $107 166 
Interest cost
947 936 8 19 18 1,928 
Expected return on plan assets
(2,384)(1,710)— (74)— (4,168)
Amortization of net loss
873 651 — — — 1,524 
Amortization of prior service cost
— — — 30 — 30 
Effect of settlement
24 — — — — 24 
Net pension benefit (income) cost
$(540)$(123)$8 $34 $125 $(496)
Schedule of Assumptions Used
The weighted average assumptions used to determine benefit obligations and net period benefit costs for the years ended December 31, 2023, 2022 and 2021 are as follows:
December 31, 2023
Retirement Income
Plan		NSRPPOPRBSuperannuationAustria Plans
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate
 N/A 4.90%4.57%5.25%3.41%
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 5.11%4.81%5.40%3.78%
Expected return on plan assets
 N/A 5.50% N/A 5.00% N/A
Rate of compensation increase
 N/A  N/A  N/A 2.50% N/A
December 31, 2022
Retirement Income
Plan		NSRPPOPRBSuperannuationAustria 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
December 31, 2021
Retirement Income
Plan		NSRPPOPRBSuperannuationAustria Plans
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate
2.49%2.77%1.95%2.55%0.94%
Rate of compensation increase
N/AN/AN/A2.50%2.50%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate
2.10%2.49%1.41%1.50%0.75%
Expected return on plan assets
6.00%6.00%N/A5.00% N/A
Rate of compensation increase
N/AN/AN/A3.25% N/A
Schedule of Allocation of Plan Assets
The fair values of the Company’s pension plan assets by category, are as follow:
As of 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 
As of December 31, 2022
Level 1Level 2Level 3Total
Assets
(In thousands)
U.S. equities:
Large cap
$— $2,467 $— $2,467 
Fixed-income securities:
Money markets
— 78 — 78 
U.S. bonds(1)
46,155 9,273 — 55,428 
Non-U.S. bonds(1)
— — — — 
Real estate(2)
— 4,018 — 4,018 
Common/collective trusts
— 1,508 — 1,508 
Other— — 1,143 1,143 
Total assets
$46,155 $17,344 $1,143 $64,642 
(1)Includes funds either publicly traded (Level 1) or within a separate account (Level 2) held by a regulated investment company. These funds hold primarily 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, 2023:
Years Ending December 31:
(In thousands)
2024$2,416 
20252,004 
20262,053 
20272,099 
20282,004 
Thereafter14,437 
$25,013 
Schedule of Multiemployer Plans
Pension FundEINZone StatusAmericold Contributions
202320222021
(In thousands)
Central Pension Fund of the International Union of Operating Engineers and Participating Employers(2)
36-6052390Green$7$8$6
Central States SE & SW Areas Health and Welfare Pension Plans(1)(6)
36-6044243Red39,5469,060
New England Teamsters & Trucking Industry Pension Plan(3)
04-6372430Red592655529
Alternative New England Teamsters & Trucking Industry Pension Plan
04-6372430Red288326338
I.U.O.E Stationary Engineers Local 39 Pension Fund(1)
94-6118939Green138181186
United Food & Commercial Workers International Union Industry Pension Fund(4)(7)
51-6055922Green—109108
Western Conference of Teamsters Pension Fund(1)(7)
91-6145047Green2,8667,5867,784
Minneapolis Food Distributing Industry Pension Plan(1)
41-6047047Green175136127
WWEC Local 863 Pension Fund26-3541447Yellow3,1272,389967
Total Contributions(5)
$7,196$20,936$19,105
(1)The status information is for the plans’ year end at December 31, 2023 and 2022.
(2)The status information is for the plans’ year end at January 31, 2023 and 2022.
(3)The status information is for the plans’ year end at September 30, 2023 and 2022. The Company withdrew from the multi-employer plan on October, 31, 2017. The related liability of $7.5 million as of December 31, 2023 is reflected in “Multiemployer pension plan withdrawal liability” on the accompanying Consolidated Balance Sheets and will be repaid over the next 25 years.
(4)The status information is for the plans’ year end at June 30, 2023 and 2022.
(5)Approximately 70% of total contributions made during each of the years ended December 31, 2022, and 2021 related to Third-party managed sites that the Company has ceased operating agreements for as of December 31, 2023, 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.
(6)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, 2023.
(7)As of December 31, 2023, the Company no longer participates in these funds as the Company no longer manages the related Third-party managed sites.
v3.24.0.1
Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive (Loss) Income The activity in AOCI for the years ended December 31, 2023, 2022 and 2021 is as follows:
Years Ended December 31,
202320222021
(In thousands)
Opening accumulated other comprehensive income (loss)
$(6,050)$4,522 $(4,379)
Pension and other postretirement benefits:
Balance at beginning of period, net of tax
$2,682 $5,058 $(3,271)
(Loss) gain arising during the period
(2,299)(2,397)6,821 
Amortization of prior service cost (1)
— 21 1,508 
Balance at end of period, net of tax
383 2,682 5,058 
Foreign currency translation adjustments:
Balance at beginning of period, net of tax
$(26,650)$(3,136)$3,179 
Cumulative translation adjustment26,956 (90,482)(6,315)
Derecognition of cumulative foreign currency translation upon deconsolidation of entity contributed to a joint venture— 4,970 — 
Derivative net investment hedges(31,893)61,998 — 
Balance at end of period, net of tax
(31,587)(26,650)(3,136)
Designated derivatives:
Balance at beginning of period, net of tax
17,918 $2,600 $(4,287)
Cash flow hedge derivatives8,532 21,505 11,626 
Net amount reclassified from AOCI to net loss(11,886)(6,187)(4,739)
Balance at end of period, net of tax
14,564 17,918 2,600 
Closing accumulated other comprehensive (loss) income
$(16,640)$(6,050)$4,522 
(1)Amounts reclassified from AOCI for pension liabilities are recognized in “Selling, general and administrative” in the accompanying consolidated statements of operations.
v3.24.0.1
Geographic Concentrations (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Revenue and Assets by Geographic Concentrations
The following table provides geographic information for the Company’s total revenues for the years ended December 31, 2023, 2022 and 2021, and total assets as of December 31, 2023 and 2022:
Total RevenuesTotal Assets
20232022202120232022
(In thousands)
North America
$2,125,459 $2,309,496 $2,092,046 $6,369,346 $6,366,012 
Europe264,623 325,714 321,705 926,920 1,157,723 
Asia-Pacific
267,948 262,126 281,164 533,581 493,518 
South America
15,299 17,399 19,875 39,405 87,308 
$2,673,329 $2,914,735 $2,714,790 $7,869,252 $8,104,561 
The following table provides long-lived assets by geography for the years ended December 31, 2023 and 2022:
Long-Lived Assets
20232022
(In thousands)
North America
$5,213,729 $4,463,000 
Europe684,201 644,085 
Asia-Pacific
418,602 357,169 
South America
35,963 82,798 
$6,352,495 $5,547,052 
v3.24.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table presents segment revenues and contributions with a reconciliation to Loss from continuing operations before income taxes for the years ended December 31, 2023, 2022 and 2021:
Years Ended December 31,
202320222021
(In thousands)
Segment revenues:
Warehouse2,391,089 2,302,971 2,085,387 
Transportation239,670 313,358 312,092 
Third-party managed42,570 298,406 317,311 
Total revenues2,673,329 2,914,735 2,714,790 
Segment contribution:
Warehouse722,603 636,232 586,436 
Transportation42,040 47,402 29,376 
Third-party managed5,929 12,329 13,964 
Total segment contribution770,572 695,963 629,776 
Depreciation and amortization(353,743)(331,446)(319,840)
Selling, general, and administrative(226,786)(231,067)(182,076)
Acquisition, cyber incident, and other, net(64,087)(32,511)(51,578)
Impairment of indefinite and long-lived assets(236,515)(7,380)(3,312)
Gain (loss) on sale of real estate2,254 (5,689)— 
Interest expense(140,107)(116,127)(99,177)
Loss on debt extinguishment, modifications and termination of derivative instruments(2,482)(3,217)(5,689)
Loss from investments in partially owned entities(1,442)(918)(723)
Impairment of related party loan receivable(21,972)— — 
Loss on put option(56,576)— — 
Other, net2,795 2,464 2,022 
Loss from continuing operations before income taxes$(328,089)$(29,928)$(30,597)
v3.24.0.1
Loss/Earnings per Common Share (Tables)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Weighted Average Number of Common Shares Outstanding
A reconciliation of the basic and diluted weighted-average number of common shares outstanding for the years ended December 31, 2023, 2022 and 2021 is as follows:
Year ended December 31,
202320222021
(In thousands)
Weighted average common shares outstanding – basic275,773 269,565 259,056 
Weighted average common shares outstanding – diluted275,773 269,565 259,056 
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:
Year ended December 31,
202320222021
(In thousands)
Employee stock options83 163 301 
Restricted stock units406 1,549 1,009 
OP units254 769 453 
Equity forward contracts— — 3,285 
743 2,481 5,048 
v3.24.0.1
Revenue from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables represent a disaggregation of revenue from contracts with customers for the years ended December 31, 2023, 2022 and 2021 by segment and geographic region:
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)
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 (2)
2,081,787 258,773 265,385 15,299 2,621,244 
Lease revenue (3)
43,672 5,850 2,563 — 52,085 
Total revenue
$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)
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 (2)
2,270,587 320,224 262,126 17,399 2,870,336 
Lease revenue (3)
38,909 5,490 — — 44,399 
Total revenue
$2,309,496 $325,714 $262,126 $17,399 $2,914,735 
December 31, 2021
North AmericaEuropeAsia-PacificSouth AmericaTotal
(In thousands)
Warehouse rent and storage
$691,174 $69,997 $64,469 $11,911 $837,551 
Warehouse services(1)
919,692 110,517 172,701 6,324 1,209,234 
Transportation
152,826 135,065 22,561 1,640 312,092 
Third-party managed
295,878 — 21,433 — 317,311 
Total revenues (2)
2,059,570 315,579 281,164 19,875 2,676,188 
Lease revenue (3)
32,476 6,126 — — 38,602 
Total revenue
2,092,046 321,705 281,164 19,875 2,714,790 
(1)Warehouse services revenue includes sales of product that Americold purchases on the spot market, repackages, and sells to customers. Such revenues totaled less than $10.9 million , $13.1 million and $13.5 million for the year ended December 31, 2023, 2022 and 2021, respectively.
(2)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.
(3)Revenues are within the scope of ASC 842: Leases.
v3.24.0.1
Description of the Business (Details)
$ / shares in Units, $ in Thousands, ft³ in Billions
 12 Months Ended
Nov. 27, 2023
USD ($)
Dec. 31, 2023
USD ($)
warehouse
Business
$ / shares
shares
ft³
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
shares
Nov. 09, 2023
USD ($)
Mar. 17, 2023
USD ($)
$ / shares
Feb. 28, 2023
USD ($)
facility
May 25, 2022
shares
Mar. 22, 2021
$ / shares
shares
Mar. 21, 2021
shares
Subsidiary, Sale of Stock [Line Items]                    
Warehouse volume | ft³   1.5                
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   $ 412,610   $ 474,481            
Cash annuity payment $ 1,300                  
Actual return on plan assets $ 2,500 (2,346) $ 14,346              
Cyber incident related costs, net of insurance recoveries     (2,210) (447)            
Number of warehouse facilities acquired | facility             100      
Percentage of warehouse facilities acquired             40.00%      
Implementation cost             $ 61,800      
Capitalized costs related to Project Orion   43,948 3,255              
Project Orion expenses   $ 13,929 $ 3,945 $ 0            
Noncontrolling Interest in Joint Ventures, Number Of Entities | Business   2                
Superfrio                    
Subsidiary, Sale of Stock [Line Items]                    
Noncontrolling Interest in Joint Ventures, Number Of Entities | Business   1                
RSA                    
Subsidiary, Sale of Stock [Line Items]                    
Noncontrolling Interest in Joint Ventures, Number Of Entities | Business   1                
Cyber Attack                    
Subsidiary, Sale of Stock [Line Items]                    
Cyber incident related costs, net of insurance recoveries   $ 28,877                
Common Stock                    
Subsidiary, Sale of Stock [Line Items]                    
Net proceeds from issuance of common stock (in shares) | shares   13,244,905   15,546,950            
Net proceeds from issuance of common stock   $ 132   $ 155            
2023 ATM Equity Program                    
Subsidiary, Sale of Stock [Line Items]                    
Common stock, shares authorized, value         $ 900,000 $ 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%                
North America                    
Subsidiary, Sale of Stock [Line Items]                    
Number of warehouses | warehouse   197                
Europe                    
Subsidiary, Sale of Stock [Line Items]                    
Number of warehouses | warehouse   27                
Asia-Pacific                    
Subsidiary, Sale of Stock [Line Items]                    
Number of warehouses | warehouse   19                
South America                    
Subsidiary, Sale of Stock [Line Items]                    
Number of warehouses | warehouse   2                
Brazil | Superfrio                    
Subsidiary, Sale of Stock [Line Items]                    
Number of warehouses | warehouse   35                
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   245                
v3.24.0.1
Summary of Significant Accounting Policies - Narrative (Details) - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Depreciation $ 316,800,000 $ 295,700,000 $ 284,600,000
Impairment of indefinite and long-lived assets 236,515,000 7,380,000 3,312,000
Impairment of indefinite lived intangible asset 0 0 0
Impairment of indefinite and long-lived assets 236,515,000 7,380,000 3,312,000
Goodwill Impairment (236,515,000) (3,211,000)  
Gain on extinguishment of debt 0 3,410,000 0
Variable Interest Entity, Primary Beneficiary      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Gain on extinguishment of debt $ 3,400,000    
Compliance period during which the tax credits were recognized 7 years    
Operating Segments | Third-party managed      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Goodwill Impairment $ 0 (3,211,000)  
Customer relationship      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Amortization of finite-lived intangible assets 36,900,000 35,700,000 34,200,000
Impairment of finite-lived intangible assets $ 0 $ 0 $ 0
Minimum | Customer relationship      
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 relationship      
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    
v3.24.0.1
Summary of Significant Accounting Policies - Schedule of Activity of Allowance for Doubtful Accounts (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]    
Balance at beginning of year $ 15,951 $ 18,755
Change in reserve due to the provision 6,422 7,394
Change in reserve due to the interest adjustment 6,296 4,514
Amounts written off, net of recoveries (7,022) (14,712)
Balance at end of year $ 21,647 $ 15,951
v3.24.0.1
Summary of Significant Accounting Policies - Schedule of Distribution (Details)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Accounting Policies [Abstract]      
Ordinary income 66.00% 41.00% 41.00%
Capital gains 0.00% 0.00% 0.00%
Return of capital 34.00% 59.00% 59.00%
Total 100.00% 100.00% 100.00%
v3.24.0.1
Business Combinations and Asset Acquisitions - Narrative (Details)
$ in Thousands, $ in Millions
 1 Months Ended 12 Months Ended 40 Months Ended
Oct. 05, 2023
USD ($)
facility
Jul. 07, 2023
USD ($)
Jul. 07, 2023
AUD ($)
Jul. 01, 2022
USD ($)
Jul. 01, 2022
AUD ($)
Jun. 01, 2020
USD ($)
shareholder
Apr. 30, 2023
party
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Sep. 30, 2023
USD ($)
Mar. 31, 2023
USD ($)
Dec. 30, 2020
Business Acquisition [Line Items]                          
Aggregate cash consideration               $ 46,653 $ 15,829 $ 741,353      
Loss on put option               56,576 0 0      
Goodwill               $ 794,004 1,033,637 $ 1,072,980      
Agrofundo Brazil II Fundode Investimento em Participacoes                          
Business Acquisition [Line Items]                          
Equity interest           22.00%   22.00%         22.12%
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           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                        
Cash and cash equivalents 1,000                        
Accounts receivable 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          
Total investment assets acquired and liabilities assumed, assets               $ 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                  
v3.24.0.1
Business Combinations and Asset Acquisitions - Components of Net Gain (Losses) from Discontinued Operations (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Gain from sale of Comfrio $ 4,616 $ 0 $ 0
Loss - discontinued operations, net of tax (10,453) (8,382) (1,281)
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]      
Revenue 29,471 0 0
Operating expenses 32,088 0 0
Estimated costs of disposal 4,616 0 0
Loss from partial investment pre-acquisition 4,111 8,382 1,281
Gain from sale of Comfrio (1,082) 0 0
Pre-tax loss (10,262) (8,382) (1,281)
Income tax expense (191) 0 0
Loss - discontinued operations, net of tax $ (10,453) $ (8,382) $ (1,281)
v3.24.0.1
Investment in Partially Owned Entities - Schedule of Investment in Partially Owned Entities (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Feb. 28, 2023
Dec. 31, 2022
Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]        
Equity Method Investments $ 36,423   $ 68,823  
Superfrio        
Schedule of Equity Method Investments [Line Items]        
% Ownership 2023 14.99%   14.99% 14.99%
Equity Method Investments $ 32,350   $ 30,445 $ 25,700
RSA        
Schedule of Equity Method Investments [Line Items]        
% Ownership 2023 49.00% 49.00% 0.00%  
Equity Method Investments $ 4,073 $ 4,000 $ 0  
Comfrio        
Schedule of Equity Method Investments [Line Items]        
% Ownership 2023 0.00%   22.12%  
Equity Method Investments $ 0   $ 1,435  
LATAM        
Schedule of Equity Method Investments [Line Items]        
% Ownership 2023 0.00%   15.00%  
Equity Method Investments $ 0   $ 36,943  
v3.24.0.1
Investments in Partially Owned Entities - Narrative (Details)
R$ in Millions
 12 Months Ended
May 30, 2023
USD ($)
Feb. 28, 2023
BRL (R$)
May 31, 2022
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2021
BRL (R$)
Dec. 31, 2020
BRL (R$)
Sep. 30, 2023
USD ($)
Feb. 28, 2023
USD ($)
Dec. 31, 2020
USD ($)
Dec. 30, 2020
Jun. 01, 2020
Schedule of Equity Method Investments [Line Items]                          
Cash investments in joint venture       $ 20,533,000 $ 14,427,000 $ 7,570,000              
Equity Method Investments       36,423,000 68,823,000                
Borrowings under revolving line of credit       392,156,000 $ 500,052,000                
Payments to acquire investment, payment period (in years)         4 years                
Equity method investment, realized gain on disposal       $ 0 $ (4,148,000) 0              
Unsecured Credit Facility | Bridge Loan                          
Schedule of Equity Method Investments [Line Items]                          
Current borrowing capacity                 $ 7,400,000        
Borrowings under revolving line of credit                 $ 1,700,000        
Superfrio                          
Schedule of Equity Method Investments [Line Items]                          
Equity interest       14.99% 14.99%           14.99%    
Cash investments in joint venture       $ 0 $ 0 $ 7,600,000 R$ 40.7 R$ 117.8          
Equity Method Investments       $ 32,350,000 $ 30,445,000           $ 25,700,000    
RSA                          
Schedule of Equity Method Investments [Line Items]                          
Equity interest       49.00% 0.00%         49.00%      
Cash investments in joint venture | R$   R$ 4.0                      
Equity Method Investments       $ 4,073,000 $ 0         $ 4,000,000      
RSA | RSA                          
Schedule of Equity Method Investments [Line Items]                          
Equity interest                   51.00%      
Agrofundo Brazil II Fundode Investimento em Participacoes                          
Schedule of Equity Method Investments [Line Items]                          
Equity interest       22.00%               22.12% 22.00%
Comfrio JV                          
Schedule of Equity Method Investments [Line Items]                          
Equity interest       0.00% 22.12%                
Equity Method Investments       $ 0 $ 1,435,000                
Comfrio JV | Related Party                          
Schedule of Equity Method Investments [Line Items]                          
Loan receivable         $ 10,100,000                
Americold LATAM Holdings Ltd                          
Schedule of Equity Method Investments [Line Items]                          
Equity interest     85.00%                    
Cash investments in joint venture     $ 209,000,000                    
Initial contribution     8,000,000                    
Income (loss) and other than temporary impairment from equity method investments     4,100,000                    
Estimated fair value     $ 37,000,000                    
Americold LATAM Holdings Ltd | Cold Latam Limited                          
Schedule of Equity Method Investments [Line Items]                          
Equity interest     15.00%                    
Americold LATAM Holdings Ltd | Cold Latam Limited | Discontinued Operations, Held-for-Sale                          
Schedule of Equity Method Investments [Line Items]                          
Equity interest 15.00%                        
Proceeds from sale of equity method investments $ 36,900,000                        
Equity method investment, realized gain on disposal $ 300,000                        
v3.24.0.1
Goodwill and Intangible Assets - Schedule of Changes in Goodwill (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Goodwill [Roll Forward]    
Beginning balance $ 1,033,637 $ 1,072,980
Goodwill acquired   3,076
Purchase price allocation adjustments (4,348) (5,048)
Derecognition of Goodwill upon deconsolidation of entity 6,653  
Goodwill Impairment (236,515) (3,211)
Impact of foreign currency translation 1,230 (27,507)
Other adjustments 0  
Ending balance 794,004 1,033,637
Warehouse | Operating Segments    
Goodwill [Roll Forward]    
Beginning balance 989,286 1,040,115
Goodwill acquired   3,076
Purchase price allocation adjustments (4,348) (5,048)
Derecognition of Goodwill upon deconsolidation of entity 6,653  
Goodwill Impairment (236,515) 0
Impact of foreign currency translation 1,230 (27,507)
Other adjustments 14,697  
Ending balance 749,653 989,286
Transportation | Operating Segments    
Goodwill [Roll Forward]    
Beginning balance 44,351 29,654
Goodwill acquired   0
Purchase price allocation adjustments 0 0
Derecognition of Goodwill upon deconsolidation of entity 0  
Goodwill Impairment 0 0
Impact of foreign currency translation 0 0
Other adjustments (14,697)  
Ending balance 44,351 44,351
Third-party managed | Operating Segments    
Goodwill [Roll Forward]    
Beginning balance 0 3,211
Goodwill acquired   0
Purchase price allocation adjustments 0 0
Derecognition of Goodwill upon deconsolidation of entity 0  
Goodwill Impairment 0 (3,211)
Impact of foreign currency translation 0 0
Other adjustments 0  
Ending balance $ 0 $ 0
v3.24.0.1
Goodwill and Intangible Assets - Schedule of Intangible Assets Subject to Amortization (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount $ 1,044,061 $ 1,034,783
Accumulated Amortization (146,646) (109,560)
Net Carrying Amount 897,415 925,223
Customer relationship    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 1,023,107 1,013,258
Accumulated Amortization (141,077) (103,615)
Net Carrying Amount 882,030 909,643
In-place lease and assembled workforce    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 4,254 4,825
Accumulated Amortization (3,946) (4,322)
Net Carrying Amount 308 503
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
v3.24.0.1
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Estimated amortization for each of the next five years      
2024 $ 37.0    
2025 37.0    
2026 37.0    
2027 37.0    
2028 37.0    
Thereafter 697.4    
Trade name      
Indefinite-Lived Intangible Assets [Line Items]      
Indefinite-lived trade name asset 15.1 $ 15.1  
Customer relationship      
Finite-Lived Intangible Assets [Line Items]      
Increase due to foreign exchange rate 9.8    
Amortization of finite-lived intangible assets $ 36.9 $ 35.7 $ 34.2
Estimated amortization for each of the next five years      
Remaining useful life (in years) 26 years    
Assembled Workforce      
Estimated amortization for each of the next five years      
Remaining useful life (in years) 2 years 9 months 18 days    
v3.24.0.1
Other Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Capitalized costs related to Project Orion $ 43,948 $ 3,255
Prepaid accounts 40,942 26,490
Inventory and supplies 30,719 29,297
Value Added Tax Receivable 17,339 12,103
Fair Value of Derivatives 15,480 23,520
Other 45,650 64,040
Other Assets, Total $ 194,078 $ 158,705
v3.24.0.1
Accounts Payable and Accrued Expenses (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Payables and Accruals [Abstract]    
Trade payables $ 201,094 $ 215,255
Accrued payroll and employee benefits 107,663 107,238
Other accrued expenses 91,312 70,218
Dividends payable 63,564 60,419
Accrued utilities, property taxes, and warehouse costs 43,702 44,107
Accrued workers’ compensation expenses 33,030 31,943
Accrued interest 28,399 28,360
Accounts payable and accrued expenses $ 568,764 $ 557,540
v3.24.0.1
Acquisition, Cyber Incident and Other, Net - Components of Charges (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 27, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Acquisition, Litigation and Other Special Charges [Abstract]        
Cyber incident related costs, net of insurance recoveries     $ (2,210) $ (447)
Project Orion expenses   $ 13,929 3,945 0
Severance costs   11,668 6,530 8,908
Acquisition and integration related costs   5,094 20,073 39,265
Other, net   1,500 (160) 751
Pension plan termination charges   2,461 0 0
Litigation   558 179 2,217
Terminated site operations costs   0 4,154 884
Total acquisition, cyber incident and other, net   64,087 32,511 $ 51,578
Actual return on plan assets $ 2,500 $ (2,346) $ 14,346  
v3.24.0.1
Debt - Summary of Our Outstanding Indebtedness (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Carrying Amount $ 3,003,856 $ 3,082,377
Senior Unsecured Notes | Senior Notes    
Debt Instrument [Line Items]    
Carrying Amount 1,777,925 1,752,875
Senior Unsecured Term Loans | Term Loans    
Debt Instrument [Line Items]    
Carrying Amount 833,775 829,450
Senior Unsecured Revolving Credit Facility | Credit Facility    
Debt Instrument [Line Items]    
Carrying Amount $ 392,156 $ 500,052
v3.24.0.1
Debt - Schedule of Senior Unsecured Notes (Details) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Aug. 23, 2022
Debt Instrument [Line Items]      
Debt instrument, face amount     $ 575,000,000
Carrying Amount $ 3,003,856,000 $ 3,082,377,000  
Senior Unsecured Notes | Senior Notes      
Debt Instrument [Line Items]      
Carrying Amount $ 1,777,925,000 1,752,875,000  
Series A Notes | Senior Notes      
Debt Instrument [Line Items]      
Contractual Interest Rate 4.68%    
Debt instrument, face amount $ 200,000,000 200,000,000  
Carrying Amount $ 200,000,000 200,000,000  
Series B Notes | Senior Notes      
Debt Instrument [Line Items]      
Contractual Interest Rate 4.86%    
Debt instrument, face amount $ 400,000,000 400,000,000  
Carrying Amount $ 400,000,000 400,000,000  
Series C Notes | Senior Notes      
Debt Instrument [Line Items]      
Contractual Interest Rate 4.10%    
Debt instrument, face amount $ 350,000,000 350,000,000  
Carrying Amount $ 350,000,000 350,000,000  
Series D Notes | Senior Notes      
Debt Instrument [Line Items]      
Contractual Interest Rate 1.62%    
Debt instrument, face amount $ 400,000,000 400,000,000  
Carrying Amount $ 441,560,000 428,200,000  
Series E Notes | Senior Notes      
Debt Instrument [Line Items]      
Contractual Interest Rate 1.65%    
Debt instrument, face amount $ 350,000,000 350,000,000  
Carrying Amount $ 386,365,000 $ 374,675,000  
v3.24.0.1
Debt - Schedule of Senior Unsecured Term Loans (Details)
$ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2023
CAD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2022
CAD ($)
Debt Instrument [Line Items]        
Carrying Amount $ 3,003,856   $ 3,082,377  
Tranche A-1 | Term Loans        
Debt Instrument [Line Items]        
Carrying Amount 375,000   375,000  
Tranche A-1 | Term Loans | U.S. dollar        
Debt Instrument [Line Items]        
Carrying Amount $ 375,000   $ 375,000  
Tranche A-1 | Term Loans | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Debt Instrument [Line Items]        
Contractual Interest Rate 94.00% 94.00% 95.00% 95.00%
Tranche A-1 | Term Loans | Secured Overnight Financing Adjustment Rate        
Debt Instrument [Line Items]        
Basis spread on variable rate 0.10%      
Tranche A-2 | Term Loans        
Debt Instrument [Line Items]        
Carrying Amount   $ 250,000   $ 250,000
Tranche A-2 | Term Loans | Canadian dollar        
Debt Instrument [Line Items]        
Carrying Amount $ 188,775   $ 184,450  
Tranche A-2 | Term Loans | CDOR        
Debt Instrument [Line Items]        
Contractual Interest Rate 94.00% 94.00% 95.00% 95.00%
Delayed Draw Tranche A-3 | Delayed Draw Facility        
Debt Instrument [Line Items]        
Carrying Amount $ 270,000 $ 270,000 $ 270,000 $ 270,000
Delayed Draw Tranche A-3 | Delayed Draw Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Debt Instrument [Line Items]        
Contractual Interest Rate 94.00% 94.00% 95.00% 95.00%
Senior Unsecured Term Loans | Term Loans        
Debt Instrument [Line Items]        
Carrying Amount $ 833,775   $ 829,450  
v3.24.0.1
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, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2023
CAD ($)
Dec. 31, 2023
AUD ($)
Dec. 31, 2023
GBP (£)
Dec. 31, 2023
EUR (€)
Dec. 31, 2023
NZD ($)
Dec. 31, 2022
CAD ($)
Dec. 31, 2022
AUD ($)
Dec. 31, 2022
GBP (£)
Dec. 31, 2022
EUR (€)
Dec. 31, 2022
NZD ($)
Line of Credit Facility [Line Items]                        
Carrying Amount $ 3,003,856 $ 3,082,377                    
Tranche A-1 | Term Loans                        
Line of Credit Facility [Line Items]                        
Carrying Amount 375,000 375,000                    
Tranche A-1 | Term Loans | U.S. dollar                        
Line of Credit Facility [Line Items]                        
Carrying Amount $ 375,000 375,000                    
Tranche A-1 | Term Loans | Secured Overnight Financing Adjustment Rate                        
Line of Credit Facility [Line Items]                        
Basis spread on variable rate 0.10%                      
Revolving Credit Facility                        
Line of Credit Facility [Line Items]                        
Carrying Amount $ 392,156 500,052                    
Revolving Credit Facility | Credit Facility                        
Line of Credit Facility [Line Items]                        
Carrying Amount             $ 44,000         $ 12,998
Revolving Credit Facility | Credit Facility | New Zealand dollar                        
Line of Credit Facility [Line Items]                        
Carrying Amount 27,804 8,254                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 3 | Credit Facility                        
Line of Credit Facility [Line Items]                        
Carrying Amount 34,000 225,000                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 3 | Credit Facility | U.S. dollar                        
Line of Credit Facility [Line Items]                        
Carrying Amount $ 34,000 $ 225,000                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 3 | Credit Facility | Secured Overnight Financing Adjustment Rate                        
Line of Credit Facility [Line Items]                        
Basis spread on variable rate 84.00% 85.00%                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 4 | Credit Facility                        
Line of Credit Facility [Line Items]                        
Carrying Amount       $ 191,000         $ 146,000      
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 4 | Credit Facility | Australian dollar                        
Line of Credit Facility [Line Items]                        
Carrying Amount $ 130,108 $ 99,470                    
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 84.00% 85.00%                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 2 | Credit Facility                        
Line of Credit Facility [Line Items]                        
Carrying Amount | £         £ 78,000         £ 76,500    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 2 | Credit Facility | British pound sterling                        
Line of Credit Facility [Line Items]                        
Carrying Amount $ 99,302 $ 92,435                    
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 84.00% 85.00%                    
Additional margin adjustment 0.03%                      
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 1 | Credit Facility                        
Line of Credit Facility [Line Items]                        
Carrying Amount     $ 35,000         $ 50,000        
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 1 | Credit Facility | Canadian dollar                        
Line of Credit Facility [Line Items]                        
Carrying Amount $ 26,429 $ 36,890                    
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 84.00% 85.00%                    
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 5 | Credit Facility                        
Line of Credit Facility [Line Items]                        
Carrying Amount | €           € 67,500         € 35,500  
Revolving Credit Facility | 2022/2020 Senior Unsecured Revolving Credit Facilities, Tranche 5 | Credit Facility | Euro                        
Line of Credit Facility [Line Items]                        
Carrying Amount $ 74,513 $ 38,003                    
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 84.00% 85.00%                    
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 84.00% 85.00%                    
v3.24.0.1
Debt - Senior Unsecured Credit Facility (Details)
$ in Thousands, $ in Thousands
 12 Months Ended
Aug. 23, 2022
USD ($)
extension_option
tranche
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2023
CAD ($)
Dec. 31, 2023
NZD ($)
Dec. 31, 2022
CAD ($)
Dec. 31, 2022
NZD ($)
Aug. 22, 2022
USD ($)
Mar. 26, 2020
Debt Instrument [Line Items]                    
Loss on debt extinguishment, modifications and termination of derivative instruments   $ 0 $ (3,410,000) $ 0            
Debt instrument, face amount $ 575,000,000                  
Carrying Amount   3,003,856,000 3,082,377,000              
Mortgages, Senior Notes and Medium-Term Loan A                    
Debt Instrument [Line Items]                    
Less unamortized deferred financing costs   3,100,000 4,200,000              
Tranche A-1 | Term Loans                    
Debt Instrument [Line Items]                    
Carrying Amount   375,000,000 375,000,000              
Tranche A-1 | Term Loans | U.S. dollar                    
Debt Instrument [Line Items]                    
Carrying Amount   375,000,000 375,000,000              
Tranche A-2 | Term Loans                    
Debt Instrument [Line Items]                    
Carrying Amount         $ 250,000   $ 250,000      
Delayed Draw Tranche A-3 | Delayed Draw Facility                    
Debt Instrument [Line Items]                    
Carrying Amount   270,000,000 270,000,000   $ 270,000   $ 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%
Maximum leverage ratio after material acquisition                   65.00%
Maximum unencumbered leverage ratio                   60.00%
Minimum unencumbered leverage ratio after material acquisition                   65.00%
Maximum secured leverage ratio                   40.00%
Maximum secured leverage ratio after material acquisition                   45.00%
Minimum fixed charge coverage ratio                   1.50
Minimum unsecured interest coverage ratio                   1.75
Material acquisition threshold                   5.00%
Series C Notes | Senior Notes                    
Debt Instrument [Line Items]                    
Debt instrument, face amount   350,000,000 350,000,000              
Carrying Amount   $ 350,000,000 350,000,000              
Contractual Interest Rate   4.10%     4.10% 4.10%        
Series A Notes | Senior Notes                    
Debt Instrument [Line Items]                    
Debt instrument, face amount   $ 200,000,000 200,000,000              
Carrying Amount   $ 200,000,000 200,000,000              
Contractual Interest Rate   4.68%     4.68% 4.68%        
Series B Notes | Senior Notes                    
Debt Instrument [Line Items]                    
Debt instrument, face amount   $ 400,000,000 400,000,000              
Carrying Amount   $ 400,000,000 400,000,000              
Contractual Interest Rate   4.86%     4.86% 4.86%        
Series D Notes | Senior Notes                    
Debt Instrument [Line Items]                    
Debt instrument, face amount   $ 400,000,000 400,000,000              
Carrying Amount   $ 441,560,000 428,200,000              
Contractual Interest Rate   1.62%     1.62% 1.62%        
Unamortized debt issuance cost   $ 4,500,000                
Series E Notes | Senior Notes                    
Debt Instrument [Line Items]                    
Debt instrument, face amount   350,000,000 350,000,000              
Carrying Amount   $ 386,365,000 374,675,000              
Contractual Interest Rate   1.65%     1.65% 1.65%        
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%        
Minimum fixed charge coverage ratio   1.00     1.00 1.00        
Debt instrument, covenant, fixed charge coverage ratio, maximum   150.00%     150.00% 150.00%        
Debt instrument, covenant, unsecured debt sercive ratio, maximum   200.00%     200.00% 200.00%        
Debt instrument, covenant, unsecured debt sercive ratio, minimum   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%        
Debt instrument, covenant, secured indebtedness   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%        
Debt instrument, covenant, secured indebtedness   100.00%     100.00% 100.00%        
Revolving Credit Facility                    
Debt Instrument [Line Items]                    
Carrying Amount   $ 392,156,000 500,052,000              
Revolving Credit Facility | Credit Facility                    
Debt Instrument [Line Items]                    
Carrying Amount           $ 44,000   $ 12,998    
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                  
Term of debt 6 months                  
Less unamortized deferred financing costs   6,400,000 8,800,000              
Letter of credit amount outstanding   $ 20,800,000                
Revolving Credit Facility | 2018 Unsecured Revolving Credit Facilities | Credit Facility                    
Debt Instrument [Line Items]                    
Loss on debt extinguishment, modifications and termination of derivative instruments     $ 600,000 $ 2,900,000            
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]                    
Revolver borrowing capacity                 $ 175,000,000  
Number of extensions | extension_option 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                  
v3.24.0.1
Debt - 2013 Mortgage Loans (Details)
Aug. 23, 2022
USD ($)
May 01, 2013
USD ($)
instrument
Debt Instrument [Line Items]    
Debt instrument, face amount $ 575,000,000  
2013 Mortgage Loans | Mortgage Loans    
Debt Instrument [Line Items]    
Debt instrument, face amount   $ 322,000,000
2013 Mortgage Loans | Mezzanine Notes    
Debt Instrument [Line Items]    
Number of notes | instrument   2
v3.24.0.1
Debt - Schedule of Aggregate Maturities of Total Indebtedness (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Carrying Amount $ 3,003,856 $ 3,082,377
Mortgages, Senior Notes and Term Loans    
Debt Instrument [Line Items]    
2024 0  
2025 0  
2026 200,000  
2027 767,156  
2028 458,775  
Thereafter 1,577,925  
Carrying Amount 3,003,856  
Less unamortized deferred financing costs (10,578) (13,044)
Total debt net of deferred financing costs $ 2,993,278 $ 3,069,333
v3.24.0.1
Derivative Financial Instruments - Narrative (Details)
€ in Millions, £ in Millions, $ in Millions, $ in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2020
USD ($)
instrument
Dec. 31, 2023
GBP (£)
Dec. 31, 2023
AUD ($)
Dec. 31, 2023
EUR (€)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
NZD ($)
Dec. 31, 2022
GBP (£)
Dec. 31, 2022
AUD ($)
Dec. 31, 2022
EUR (€)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Derivative [Line Items]                        
Number of instruments terminated | instrument   2                    
Interest expense                        
Derivative [Line Items]                        
Loss to be reclassified in next twelve months $ 11.7                      
Foreign Exchange Forward                        
Derivative [Line Items]                        
Loss to be reclassified in next twelve months 0.2                      
Series D and Series E Notes | Senior Notes                        
Derivative [Line Items]                        
Amount of hedged loan     £ 78.0 $ 191.0 € 817.5     £ 76.5 $ 146.0 € 785.5    
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       $ 2.5         $ 2.5 $ 2.7
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          
2020 Senior Unsecured Revolving Credit Facilities, Tranche 1 | Credit Facility | Revolving Credit Facility | Interest Rate Swap                        
Derivative [Line Items]                        
Loss to be reclassified in next twelve months $ 1.0                      
v3.24.0.1
Derivative Financial Instruments - Interest Rate Swaps Outstanding (Details) - Interest Rate Swap - Designated as Hedging Instrument
$ in Thousands, $ in Millions
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2022
CAD ($)
Derivative [Line Items]      
Asset Fair Value $ 9,581 $ 15,572  
Derivative Liabilities 330 0  
Interest Rate Agreement Maturing December 29 2023      
Derivative [Line Items]      
Notational amount   $ 200,000  
Fixed Base Interest Rate Swap   3.65% 3.65%
Asset Fair Value   $ 2,240  
Derivative Liabilities   0  
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% 3.05%
Asset Fair Value $ 3,687 $ 2,328  
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% 3.47%
Asset Fair Value $ 788 $ 2,020  
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% 3.05%
Asset Fair Value $ 5,106 $ 8,034  
Derivative Liabilities 0 $ 0  
Interest Rate Swap Agreement 2 Maturing December 31 2027      
Derivative [Line Items]      
Notational amount $ 250,000   $ 250
Fixed Base Interest Rate Swap 3.59% 3.59% 3.59%
Asset Fair Value $ 0 $ 950  
Derivative Liabilities $ 330 $ 0  
v3.24.0.1
Derivative Financial Instruments - Fair Value Amounts of Derivative Instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
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 $ 15,480 $ 23,520
Derivative Liabilities $ 330 $ 0
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Liabilities Liabilities
Foreign exchange contracts | Level 2 | Measured at fair value on a recurring basis    
Derivative [Line Items]    
Derivative Assets $ 5,899  
Interest Rate Swap | Level 2 | Measured at fair value on a recurring basis    
Derivative [Line Items]    
Derivative Assets 9,581 $ 15,572
Designated as Hedging Instrument | Foreign exchange contracts | Level 2 | Measured at fair value on a recurring basis    
Derivative [Line Items]    
Derivative Assets   7,948
Derivative Liabilities 0 0
Designated as Hedging Instrument | Interest Rate Swap    
Derivative [Line Items]    
Derivative Assets 9,581 15,572
Derivative Liabilities 330 0
Designated as Hedging Instrument | Interest Rate Swap | Level 2 | Measured at fair value on a recurring basis    
Derivative [Line Items]    
Derivative Assets   15,572
Derivative Liabilities $ 330 $ 0
v3.24.0.1
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, 2023
Dec. 31, 2022
Dec. 31, 2021
Derivative [Line Items]      
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative $ 8,532 $ 21,505 $ 11,626
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Net Income 11,886 6,187 4,739
Interest rate contracts | Interest expense      
Derivative [Line Items]      
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative 7,504 15,572 0
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Net Income 13,825 721 0
Interest rate contracts | Loss on debt extinguishment, modifications and termination of derivative instruments      
Derivative [Line Items]      
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Net Income (2,513) (2,507) (2,681)
Foreign exchange contracts | Interest expense      
Derivative [Line Items]      
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Net Income 374 371 (175)
Foreign exchange contracts | Foreign currency exchange (loss) gain, net      
Derivative [Line Items]      
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative 1,028 5,933 11,626
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Net Income $ 200 $ 7,602 $ 7,595
v3.24.0.1
Sale-Leasebacks of Real Estate - Schedule of Outstanding Sale-Leaseback Financing Obligations (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
USD ($)
warehouse
Dec. 31, 2022
USD ($)
Dec. 31, 2015
facility
Jul. 31, 2013
warehouse
Dec. 31, 2008
facility
Sep. 30, 2007
warehouse
Sale Leaseback Transaction [Line Items]            
Total sale-leaseback financing obligations $ 161,937 $ 171,089        
1 warehouse – 2010            
Sale Leaseback Transaction [Line Items]            
Interest Rate as of December 31, 2023 10.34%          
Total sale-leaseback financing obligations $ 16,912 17,607        
11 warehouses – 2007            
Sale Leaseback Transaction [Line Items]            
Number of warehouses | warehouse 11     11   11
Total sale-leaseback financing obligations $ 78,735 84,406        
11 warehouses – 2007 | Minimum            
Sale Leaseback Transaction [Line Items]            
Interest Rate as of December 31, 2023 7.00%          
11 warehouses – 2007 | Maximum            
Sale Leaseback Transaction [Line Items]            
Interest Rate as of December 31, 2023 19.59%          
3 facilities - 2007 (Agro)            
Sale Leaseback Transaction [Line Items]            
Number of warehouses | facility         3  
Interest Rate as of December 31, 2023 10.00%          
Total sale-leaseback financing obligations $ 60,987 63,550        
1 facility - 2013 (Agro)            
Sale Leaseback Transaction [Line Items]            
Number of warehouses | facility     1      
Interest Rate as of December 31, 2023 10.00%          
Total sale-leaseback financing obligations $ 5,303 $ 5,526        
v3.24.0.1
Sale-Leasebacks of Real Estate - Narrative (Details)
$ in Thousands
 1 Months Ended 12 Months Ended
Jul. 31, 2013
facility
warehouse
Sep. 30, 2010
USD ($)
Sep. 30, 2007
USD ($)
extension
warehouse
Dec. 31, 2015
facility
Dec. 31, 2008
facility
Dec. 31, 2023
USD ($)
warehouse
Dec. 31, 2022
USD ($)
Sale Leaseback Transaction [Line Items]              
Total sale-leaseback financing obligations           $ 161,937 $ 171,089
Financing lease obligations           97,177 77,561
3 facilities - 2007 (Agro)              
Sale Leaseback Transaction [Line Items]              
Number of warehouses | facility         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%    
Total sale-leaseback financing obligations           60,987 63,550
3 facilities - 2007 (Agro) | Agro Merchants Group              
Sale Leaseback Transaction [Line Items]              
Number of warehouses acquired | facility         4    
1 facility - 2013 (Agro)              
Sale Leaseback Transaction [Line Items]              
Number of warehouses | facility       1      
Lease agreement term       20 years      
Rent increase term       5 years      
Rent increase percentage       12.00%      
Number of extensions under sale-leaseback transaction | facility       6      
Extension period under sale-leaseback transaction       5 years      
Total sale-leaseback financing obligations           5,303 5,526
1 warehouse – 2010              
Sale Leaseback Transaction [Line Items]              
Lease agreement term   20 years          
Purchase option transferred   $ 18,300          
Consideration to be used toward improvements   $ 1,000          
Percentage of useful life where control maintained   90.00%          
Purchase price option percentage   95.00%          
Total sale-leaseback financing obligations           $ 16,912 17,607
11 warehouses – 2007              
Sale Leaseback Transaction [Line Items]              
Number of warehouses | warehouse 11   11     11  
Number of extensions under sale-leaseback transaction | extension     4        
Extension period under sale-leaseback transaction     5 years        
Total sale-leaseback financing obligations           $ 78,735 $ 84,406
Proceeds from assumed sale leaseback agreements     $ 170,700        
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 | facility 4            
Number of leases amended to reduce annual rent increase and remove guarantee by unsecured indemnity from related party | facility 5            
Minimum | 11 warehouses – 2007              
Sale Leaseback Transaction [Line Items]              
Lease agreement term     10 years        
Maximum | 11 warehouses – 2007              
Sale Leaseback Transaction [Line Items]              
Lease agreement term     20 years        
v3.24.0.1
Sale-Leasebacks of Real Estate - Future Minimum Lease Payments (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Lessee, Lease, Description [Line Items]    
2024 $ 36,917  
2025 24,554  
2026 19,776  
2027 14,732  
2028 8,294  
Thereafter 2,062  
Total minimum payments 106,335  
Interest portion (9,158)  
Present value of net minimum payments 97,177 $ 77,561
Warehouses Under Sale Leaseback Transactions    
Lessee, Lease, Description [Line Items]    
2024 27,787  
2025 28,075  
2026 28,363  
2027 25,123  
2028 13,233  
Thereafter 115,801  
Total minimum payments 238,382  
Interest portion (76,445)  
Present value of net minimum payments $ 161,937  
v3.24.0.1
Lease Accounting - Lessee Narrative (Details)
 12 Months Ended
Dec. 31, 2023
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 30 years
Extended lease term 10 years
v3.24.0.1
Lease Accounting - Lessee, Lease Expenses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Leases [Abstract]      
Operating lease cost $ 44,971 $ 52,331 $ 59,405
Financing lease cost:      
Depreciation 26,129 25,687 29,743
Interest on lease liabilities 444 3,063 7,135
Sublease income (5,856) (7,991) (3,785)
Net lease expense $ 65,688 $ 73,090 $ 92,498
v3.24.0.1
Lease Accounting - Lessee, Other Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities      
Operating cash flows from operating leases $ (35,510) $ (42,949) $ (52,226)
Financing cash flows from finance leases (39,214) (33,860) (32,441)
Right-of-use assets obtained in exchange for lease obligations      
Operating leases 6,244 7,889 50,886
Finance leases $ 59,276 $ 18,694 $ 24,567
Weighted-average remaining lease term (years)      
Operating leases 10 years 7 months 6 days 11 years 1 month 6 days 11 years 8 months 12 days
Finance leases 3 years 10 months 24 days 3 years 3 months 18 days 3 years 7 months 6 days
Weighted-average discount rate      
Operating leases 2.80% 2.80% 2.70%
Finance leases 3.90% 3.20% 3.40%
v3.24.0.1
Lease Accounting - Lessee, Minimum Lease Payments (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Operating Lease Payments    
2024 $ 35,335  
2025 31,328  
2026 27,506  
2027 25,050  
2028 23,710  
Thereafter 135,588  
Total future minimum lease payments 278,517  
Less: Interest (38,266)  
Total future minimum lease payments less interest 240,251 $ 264,634
Finance Lease Payments    
2024 36,917  
2025 24,554  
2026 19,776  
2027 14,732  
2028 8,294  
Thereafter 2,062  
Total minimum payments 106,335  
Less: Interest (9,158)  
Present value of net minimum payments 97,177 $ 77,561
Total Lease Payments    
2024 72,252  
2025 55,882  
2026 47,282  
2027 39,782  
2028 32,004  
Thereafter 137,650  
Total future minimum lease payments 384,852  
Less: Interest (47,424)  
Total future minimum lease payments less interest $ 337,428  
v3.24.0.1
Lease Accounting - Lessor, Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Lessee, Lease, Description [Line Items]      
Land and buildings and improvements, gross value $ 7,302,933 $ 6,967,267  
Land and buildings and improvements, net value 5,106,737 5,065,817  
Depreciation 316,800 295,700 $ 284,600
Building and land improvements      
Lessee, Lease, Description [Line Items]      
Land and buildings and improvements, gross value 115,200 118,500  
Land and buildings and improvements, net value 85,400 91,100  
Building and land improvements | Argo      
Lessee, Lease, Description [Line Items]      
Depreciation $ 4,300 $ 4,200 $ 4,200
Minimum      
Lessee, Lease, Description [Line Items]      
Remaining term 1 year    
Maximum      
Lessee, Lease, Description [Line Items]      
Remaining term 15 years    
v3.24.0.1
Lease Accounting - Future Minimum Payments to be Received (Details)
$ in Thousands
Dec. 31, 2023
USD ($)
Leases [Abstract]  
2024 $ 47,849
2025 35,372
2026 30,209
2027 24,438
2028 21,121
Thereafter 53,616
Total $ 212,605
v3.24.0.1
Fair Value Measurements (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
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 $ 1,323 $ 1,143
Interest Rate Swap | Designated as Hedging Instrument    
Measured at fair value on a recurring basis:    
Asset Fair Value 9,581 15,572
Derivative Liabilities 330 0
Measured at fair value on a recurring basis | Level 2    
Measured at fair value on a recurring basis:    
Asset Fair Value 15,480 23,520
Derivative Liabilities $ 330 $ 0
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 $ 24,564 $ 46,155
Measured at fair value on a recurring basis | Pension | Level 2    
Measured at fair value on a recurring basis:    
Assets 4,425 17,344
Measured at fair value on a recurring basis | Pension | Level 3    
Measured at fair value on a recurring basis:    
Assets 1,323 1,143
Measured at fair value on a recurring basis | Interest Rate Swap | Level 2    
Measured at fair value on a recurring basis:    
Asset Fair Value 9,581 15,572
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:    
Asset Fair Value   15,572
Derivative Liabilities 330 0
Measured at fair value on a recurring basis | Cross-currency swap | Level 2 | Designated as Hedging Instrument    
Measured at fair value on a recurring basis:    
Asset Fair Value 5,899 7,948
Disclose at fair value | Level 3    
Disclosed at fair value:    
Mortgage notes, senior unsecured notes and term loans $ 2,821,064 $ 2,829,574
v3.24.0.1
Stock-Based Compensation - Narrative (Details) - USD ($)
 1 Months Ended 12 Months Ended
Dec. 08, 2020
Jan. 31, 2023
Jan. 31, 2022
Nov. 30, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Jan. 04, 2018
Dec. 31, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Stock-based compensation expense         $ 23,592,000 $ 27,137,000 $ 23,931,000    
Unrecognized stock-based compensation expense         $ 26,500,000        
Unrecognized stock-based compensation expense, period for recognition         1 year 9 months 18 days        
Intrinsic value of options exercised         $ 100,000 $ 1,900,000 $ 4,800,000    
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                
Purchase period (in months) 6 months                
Maximum number of shares per employee (in shares) 2,400                
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)         $ 31.12 $ 27.10 $ 31.06    
Vested, grant date fair value (in USD per share)         29.76        
Forfeited, grant date fair value (in USD per share)         29.71        
Outstanding, grant date fair value (in USD per share)         $ 29.09 $ 28.15      
Restricted stock units | Director                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)         12,036 4,810 6,616    
Restricted stock units | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)         634,109 555,719 1,004,650    
Time-based Restricted Stock Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)         538,968        
Vested (in shares)         389,754        
Time-based Restricted Stock Units | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       679,600   424,543 216,269    
Time-based Restricted Stock Units | Associates | Minimum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)       1 year          
Time-based Restricted Stock Units | Associates | Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)       2 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)         456,017        
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    
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    
Market-Based Restricted Stock Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)         107,177        
Vesting period (in years)         3 years        
Vested (in shares)   97,517 194,111   52,962        
Vesting percentage   56.00% 91.40%            
Market-Based Restricted Stock Units | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)         107,177 131,176 108,781    
Vesting period (in years)         3 years 3 years 3 years    
Performance-Based Restricted Stock Units | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)         70,915        
OP Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vested, grant date fair value (in USD per share)         $ 29.98        
Forfeited, grant date fair value (in USD per share)         30.24        
Outstanding, grant date fair value (in USD per share)         $ 30.67 $ 29.39      
Aggregate grant date fair value of awards         $ 13,000,000.0 $ 10,000,000 $ 10,700,000    
OP Units | Director                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)         37,827 35,593 22,427    
Vesting period (in years)         1 year 1 year 1 year    
OP Units | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)         357,254 342,980 308,862    
OP Units | Associates | Minimum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)         1 year 1 year 1 year    
OP 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 OP Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)         201,521        
Vested (in shares)         99,210        
Time Based Graded Vesting OP Units | Associates                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares)       8,200 163,694 98,994 102,655    
Vesting period (in years)       2 years          
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 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)         193,560 243,986 198,007    
Vesting period (in years)         3 years 3 years      
v3.24.0.1
Stock-Based Compensation - Restricted Stock Units Grants (Details) - Restricted Stock Units - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Director      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of awards granted (in shares) 12,036 4,810 6,616
Grant Date Fair Value (in thousands) $ 350 $ 125 $ 250
Associates      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of awards granted (in shares) 634,109 555,719 1,004,650
Grant Date Fair Value (in thousands) $ 19,759 $ 15,067 $ 31,159
v3.24.0.1
Stock-Based Compensation - Restricted Stock Unit Activity (Details) - USD ($)
$ / shares in Units, $ in Millions
 1 Months Ended 12 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Time-based Restricted Stock Units          
Units (In thousands)          
Beginning balance (in shares) 687,667   687,667    
Granted (in shares)     538,968    
Vested (in shares)     (389,754)    
Forfeited (in shares)     (104,362)    
Ending balance (in shares)     732,519 687,667  
Aggregate intrinsic value, nonvested     $ 20.0 $ 19.5  
Shares vested, but not released (in shares)     46,890    
Aggregate intrinsic value, shares vested but not released     $ 1.4    
Total outstanding restricted stock units (in shares)     779,409    
Aggregate intrinsic value, total outstanding restricted stock units     $ 21.4    
Market-Based Restricted Stock Units          
Units (In thousands)          
Beginning balance (in shares) 249,447   249,447    
Granted (in shares)     107,177    
Market-performance adjustment (in shares)     (10,834)    
Vested (in shares) (97,517) (194,111) (52,962)    
Forfeited (in shares)     (33,502)    
Ending balance (in shares)     259,326 249,447  
Aggregate intrinsic value, nonvested     $ 10.0 $ 7.1  
Total outstanding restricted stock units (in shares)     259,326    
Aggregate intrinsic value, total outstanding restricted stock units     $ 10.0    
Director | Restricted Stock Units          
Units (In thousands)          
Granted (in shares)     12,036 4,810 6,616
Shares vested, but not released (in shares)     46,890    
Vested awards, weighted average grant date fair value (in USD per share)     $ 8.42    
v3.24.0.1
Stock-Based Compensation - Performance Thresholds (Details)
Dec. 31, 2023
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%
v3.24.0.1
Stock-Based Compensation - Restricted Stock Units Valuation Assumptions (Details) - Market-Based Restricted Stock Units
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected Stock Price Volatility (2) 28.00% 33.00% 33.00%
Risk-Free Interest Rate 4.77% 1.75% 0.31%
v3.24.0.1
Stock-Based Compensation - OP Units Grants (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OP Units | Director      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of awards granted (in shares) 37,827 35,593 22,427
Vesting period (in years) 1 year 1 year 1 year
Grant Date Fair Value (in thousands) $ 1,100 $ 925 $ 811
OP Units | Associates      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of awards granted (in shares) 357,254 342,980 308,862
Grant Date Fair Value (in thousands) $ 11,917 $ 9,087 $ 9,938
Restricted stock units | Director      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of awards granted (in shares) 12,036 4,810 6,616
Grant Date Fair Value (in thousands) $ 350 $ 125 $ 250
Restricted stock units | Associates      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of awards granted (in shares) 634,109 555,719 1,004,650
Grant Date Fair Value (in thousands) $ 19,759 $ 15,067 $ 31,159
Minimum | OP Units | Associates      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Vesting period (in years) 1 year 1 year 1 year
Maximum | OP Units | Associates      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Vesting period (in years) 3 years 3 years 3 years
v3.24.0.1
Stock-Based Compensation - OP Units Activity (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Time-Based OP Units    
Units (In thousands)    
Beginning balance (in shares) 160,182  
Granted (in shares) 201,521  
Vested (in shares) (99,210)  
Forfeited (in shares) (26,598)  
Ending balance (in shares) 235,895 160,182
Aggregate intrinsic value, nonvested $ 7.1 $ 4.5
Shares vested, but not released (in shares) 252,864  
Aggregate intrinsic value, shares vested but not released $ 7.7  
Total outstanding restricted stock units (in shares) 488,759  
Aggregate intrinsic value, total outstanding restricted stock units $ 14.8  
Market-Based OP Units    
Units (In thousands)    
Beginning balance (in shares) 462,815  
Granted (in shares) 169,601  
Vested (in shares) (155,706)  
Forfeited (in shares) (56,334)  
Ending balance (in shares) 420,376 462,815
Aggregate intrinsic value, nonvested $ 12.7 $ 13.1
Shares vested, but not released (in shares) 93,102  
Aggregate intrinsic value, shares vested but not released $ 0.0  
Total outstanding restricted stock units (in shares) 513,478  
Aggregate intrinsic value, total outstanding restricted stock units $ 12.7  
v3.24.0.1
Stock-Based Compensation - Summary of Option Activity (Details) - $ / shares
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Shares (In thousands)    
Outstanding (in shares) 105,498  
Exercised (in shares) (5,000)  
Outstanding (in shares) 100,498 105,498
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 2 years 8 months 12 days 3 years 7 months 6 days
Exercisable    
Shares (in shares) 100,498  
Weighted-Average Exercise Price (in USD per share) $ 9.81  
Weighted-Average Remaining Contractual Terms (Years) 2 years 8 months 12 days  
v3.24.0.1
Income Taxes - Narrative (Details) - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Loss Carryforwards [Line Items]      
GILTI $ 0 $ 0 $ 0
Operating loss carryforwards, subject to expiration   11,500,000  
Operating loss carryforwards, not subject to expiration   46,200,000  
Valuation allowance 10,895,000 $ 84,000  
North America      
Operating Loss Carryforwards [Line Items]      
Operating loss carryforwards 57,700,000    
Operating loss carryforwards obtained through acquisitions 79,500,000    
State      
Operating Loss Carryforwards [Line Items]      
Operating loss carryforwards 43,300,000    
Operating loss carryforwards, subject to expiration 33,700,000    
Operating loss carryforwards, not subject to expiration 9,600,000    
Foreign Tax Authority      
Operating Loss Carryforwards [Line Items]      
Operating loss carryforwards 127,900,000    
Operating loss carryforwards, subject to expiration 37,700,000    
Operating loss carryforwards, not subject to expiration $ 90,200,000    
v3.24.0.1
Income Taxes - Income/(loss) before income taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]      
U.S. $ (35,662) $ 37,040 $ (8,046)
Foreign (292,427) (66,968) (22,551)
Loss from continuing operations before income taxes $ (328,089) $ (29,928) $ (30,597)
v3.24.0.1
Income Taxes - Schedule of Components of Income Tax Benefit (Expense) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Current      
U.S. federal $ (9) $ 290 $ 38
State (3,318) (620) (236)
Foreign (5,181) (3,395) (7,380)
Total current portion (8,508) (3,725) (7,578)
Deferred      
U.S. federal (1,264) (3,895) 5,884
State 347 360 1,220
Foreign 11,698 26,096 2,043
Total deferred portion 10,781 22,561 9,147
Income tax benefit $ 2,273 $ 18,836 $ 1,569
v3.24.0.1
Income Taxes - Reconciliation Schedule (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]      
Income tax benefit (expense) from continuing operations at statutory rates $ 68,899 $ 6,285 $ 6,425
Earnings from REIT - not subject to tax (6,612) 7,742 (3,599)
State income taxes, net of federal income tax benefit (2,616) (524) (836)
Foreign income taxed at different rates 11,432 1,296 (983)
Change in valuation allowance (10,619) 1,307 6,198
Goodwill Impairment (57,436)
Non-deductible expenses (1,243) (4,379) 4,398
Change in status of investment 0 6,503 0
Change in enacted tax rate 0 0 (11,802)
Other 468 606 1,768
Income tax benefit $ 2,273 $ 18,836 $ 1,569
v3.24.0.1
Income Taxes - Temporary Difference (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Deferred tax assets:    
Net operating loss and credits carryforwards $ 74,439 $ 54,372
Accrued expenses 34,125 33,404
Share-based compensation 2,890 3,192
Lease obligations 15,155 21,552
Other assets 3,909 1,680
Total gross deferred tax assets 130,518 114,200
Less: valuation allowance (10,895) (84)
Total net deferred tax assets 119,623 114,116
Deferred tax liabilities:    
Intangible assets and goodwill (76,860) (74,541)
Property, buildings and equipment (157,659) (145,936)
Lease right-of-use assets (15,646) (21,811)
Other liabilities (4,789) (5,889)
Total gross deferred tax liabilities (254,954) (248,177)
Net deferred tax liability $ (135,331) $ (134,061)
v3.24.0.1
Employee Benefit Plans - Narrative (Details)
 12 Months Ended
Nov. 27, 2023
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
plan
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Actual return on plan assets $ 2,500,000   $ (2,346,000) $ 14,346,000  
Amortization of prior service cost       $ 21,000 $ 30,000
Total plan assets are allocated to fixed-income securities     96.00%    
Percentage of union employees covered       33.00%  
Multiemployer plan expense     $ 7,196,000 $ 20,936,000 19,105,000
Minimum contribution to multiemployer plan     7,100,000    
Contributions to government sponsored plan     8,300,000 7,700,000 7,300,000
Defined contribution plan expense     11,900,000 11,400,000 9,000,000
New England Teamsters & Trucking Industry Pension Plan          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Multiemployer plan expense     $ 592,000 655,000 529,000
North America | Scenario, Forecast          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Amortization of prior service cost   $ 100,000      
Offshore Plan | Scenario, Forecast          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Amortization of prior service cost   $ 0      
Offshore Plan | Austria Plans          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Number of plans | plan     2    
Pension | Americold Retirement Income Plan          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Actual return on plan assets     $ (403,000) 7,809,000  
Amortization of prior service cost       $ 0 $ 0
Expected return on plan assets       6.50% 6.00%
Pension | National Service-Related Pension Plan (NSRPP)          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Actual return on plan assets     $ (1,629,000) $ 6,394,000  
Average future service period     5 years 8 months 12 days    
Amortization of prior service cost       $ 0 $ 0
Expected return on plan assets     5.50% 6.50% 6.00%
Pension | National Service-Related Pension Plan (NSRPP) | Scenario, Forecast          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Expected return on plan assets   5.80%      
Pension | Superannuation          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Actual return on plan assets     $ (335,000) $ 124,000  
Average future service period     7 years 6 months    
Amortization of prior service cost       $ 21,000 $ 30,000
Expected return on plan assets     5.00% 5.00% 5.00%
Pension | Superannuation | Scenario, Forecast          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Expected return on plan assets   5.00%      
Pension | Austria Plans          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Actual return on plan assets     $ 21,000 $ 19,000  
Average future service period     5 years 8 months 12 days    
Amortization of prior service cost       0 $ 0
Other Post-Retirement Benefits (OPRB)          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Actual return on plan assets     $ 0 0  
Average future service period     3 years 9 months 18 days    
Amortization of prior service cost       $ 0 $ 0
v3.24.0.1
Employee Benefit Plans - Actuarial Assumptions (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 27, 2023
Dec. 31, 2023
Dec. 31, 2022
Change in benefit obligation:      
Beginning balance   $ (64,597) $ (84,692)
Service cost   (150) (144)
Interest cost   (3,094) (2,079)
Actuarial gain (loss)   (1,741) 16,521
Benefits paid   2,841 2,602
Plan participants’ contributions   (18) (18)
Foreign currency translation gain (loss)   (76) 301
Effect of settlement   35,126 2,912
Ending balance   (31,709) (64,597)
Change in plan assets:      
Beginning balance   64,642 84,283
Actual return on plan assets $ (2,500) 2,346 (14,346)
Employer contributions   1,331 154
Benefits paid   (2,852) (2,500)
Effect of settlement   (35,125) (2,912)
Plan participants’ contributions   47 38
Foreign currency translation (loss) gain   (77) (75)
Ending balance   30,312 64,642
Funded status   (1,397) 45
Amounts recognized on the consolidated balance sheet:      
Pension and post-retirement asset (liability)   (1,397) 45
Accumulated other comprehensive loss (income)   3,315 3,308
Amounts in accumulated other comprehensive loss consist of:      
Net loss   (3,315) (3,308)
Prior service cost   0 0
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):      
Net loss (gain)   2,062 2,568
Amortization of net (gain) loss   (581) (205)
Amortization of prior service cost     (21)
Amount recognized due to settlement   (2,152) (308)
Foreign currency translation gain   (35) (5)
Effect of tax   3,005 347
Total recognized in other comprehensive (income) loss   2,299 2,376
Information for plans with accumulated benefit obligation in excess of plan assets:      
Projected benefit obligation   4,571 4,182
Accumulated benefit obligation   4,131 3,808
Fair value of plan assets   2,945 2,651
Pension      
Change in plan assets:      
Beginning balance   64,642  
Ending balance   30,312 64,642
Other Post-Retirement Benefits (OPRB)      
Change in benefit obligation:      
Beginning balance   (493) (629)
Service cost   0 0
Interest cost   (21) (11)
Actuarial gain (loss)   11 55
Benefits paid   0 0
Plan participants’ contributions   0 0
Foreign currency translation gain (loss)   0 0
Effect of settlement   0 92
Ending balance   (503) (493)
Change in plan assets:      
Beginning balance   0 0
Actual return on plan assets   0 0
Employer contributions   0 92
Benefits paid   0 0
Effect of settlement   0 (92)
Plan participants’ contributions   0 0
Foreign currency translation (loss) gain   0 0
Ending balance   0 0
Funded status   (503) (493)
Amounts recognized on the consolidated balance sheet:      
Pension and post-retirement asset (liability)   (503) (493)
Accumulated other comprehensive loss (income)   (68) (59)
Amounts in accumulated other comprehensive loss consist of:      
Net loss   68 59
Prior service cost   0 0
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):      
Net loss (gain)   (8) (147)
Amortization of net (gain) loss   2 0
Amortization of prior service cost     0
Amount recognized due to settlement   0 11
Foreign currency translation gain   0 0
Effect of tax   0 0
Total recognized in other comprehensive (income) loss   (6) (136)
Information for plans with accumulated benefit obligation in excess of plan assets:      
Projected benefit obligation   503 493
Accumulated benefit obligation   504 493
Fair value of plan assets   0 0
Americold Retirement Income Plan | Pension      
Change in benefit obligation:      
Beginning balance   (33,811) (43,693)
Service cost   0 0
Interest cost   (1,603) (1,025)
Actuarial gain (loss)   (1,199) 6,830
Benefits paid   1,487 1,257
Plan participants’ contributions   0 0
Foreign currency translation gain (loss)   0 0
Effect of settlement   35,126 2,820
Ending balance   0 (33,811)
Change in plan assets:      
Beginning balance   34,992 46,878
Actual return on plan assets   403 (7,809)
Employer contributions   1,216 0
Benefits paid   (1,486) (1,257)
Effect of settlement   (35,125) (2,820)
Plan participants’ contributions   0 0
Foreign currency translation (loss) gain   0 0
Ending balance   0 34,992
Funded status   0 1,181
Amounts recognized on the consolidated balance sheet:      
Pension and post-retirement asset (liability)   0 1,181
Accumulated other comprehensive loss (income)   3,699 3,826
Amounts in accumulated other comprehensive loss consist of:      
Net loss   (3,699) (3,826)
Prior service cost   0 0
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):      
Net loss (gain)   1,880 3,680
Amortization of net (gain) loss   (646) (101)
Amortization of prior service cost     0
Amount recognized due to settlement   (2,152) (319)
Foreign currency translation gain   0 0
Effect of tax   3,005 150
Total recognized in other comprehensive (income) loss   2,087 3,410
National Service-Related Pension Plan (NSRPP) | Pension      
Change in benefit obligation:      
Beginning balance   (26,604) (36,421)
Service cost   0 0
Interest cost   (1,322) (990)
Actuarial gain (loss)   (474) 9,597
Benefits paid   1,262 1,210
Plan participants’ contributions   0 0
Foreign currency translation gain (loss)   0 0
Effect of settlement   0 0
Ending balance   (27,138) (26,604)
Change in plan assets:      
Beginning balance   26,999 34,603
Actual return on plan assets   1,629 (6,394)
Employer contributions   0 0
Benefits paid   (1,263) (1,210)
Effect of settlement   0 0
Plan participants’ contributions   0 0
Foreign currency translation (loss) gain   0 0
Ending balance   27,365 26,999
Funded status   227 395
Amounts recognized on the consolidated balance sheet:      
Pension and post-retirement asset (liability)   227 395
Accumulated other comprehensive loss (income)   (267) (474)
Amounts in accumulated other comprehensive loss consist of:      
Net loss   267 474
Prior service cost   0 0
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):      
Net loss (gain)   199 (1,070)
Amortization of net (gain) loss   77 (117)
Amortization of prior service cost     0
Amount recognized due to settlement  
Foreign currency translation gain   0 0
Effect of tax   0 197
Total recognized in other comprehensive (income) loss   276 (990)
Superannuation | Pension      
Change in benefit obligation:      
Beginning balance   (1,268) (1,347)
Service cost   (48) (47)
Interest cost   (64) (31)
Actuarial gain (loss)   (209) 76
Benefits paid   48 15
Plan participants’ contributions   (18) (18)
Foreign currency translation gain (loss)   0 84
Effect of settlement   0 0
Ending balance   (1,559) (1,268)
Change in plan assets:      
Beginning balance   1,508 1,654
Actual return on plan assets   335 (124)
Employer contributions   0 0
Benefits paid   (103) (33)
Effect of settlement   0 0
Plan participants’ contributions   47 38
Foreign currency translation (loss) gain   (154) (27)
Ending balance   1,633 1,508
Funded status   74 240
Amounts recognized on the consolidated balance sheet:      
Pension and post-retirement asset (liability)   74 240
Accumulated other comprehensive loss (income)   93 (32)
Amounts in accumulated other comprehensive loss consist of:      
Net loss   (93) 32
Prior service cost   0 0
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):      
Net loss (gain)   121 58
Amortization of net (gain) loss   0 0
Amortization of prior service cost     (21)
Amount recognized due to settlement   0 0
Foreign currency translation gain   (35) (5)
Effect of tax   0 0
Total recognized in other comprehensive (income) loss   86 32
Information for plans with accumulated benefit obligation in excess of plan assets:      
Projected benefit obligation   1,559 1,268
Accumulated benefit obligation   1,412 1,208
Fair value of plan assets   1,633 1,508
Austria Plans | Pension      
Change in benefit obligation:      
Beginning balance   (2,421) (2,602)
Service cost   (102) (97)
Interest cost   (84) (22)
Actuarial gain (loss)   130 (37)
Benefits paid   44 120
Plan participants’ contributions   0 0
Foreign currency translation gain (loss)   (76) 217
Effect of settlement   0 0
Ending balance   (2,509) (2,421)
Change in plan assets:      
Beginning balance   1,143 1,148
Actual return on plan assets   (21) (19)
Employer contributions   115 62
Benefits paid   0 0
Effect of settlement   0 0
Plan participants’ contributions   0 0
Foreign currency translation (loss) gain   77 (48)
Ending balance   1,314 1,143
Funded status   (1,195) (1,278)
Amounts recognized on the consolidated balance sheet:      
Pension and post-retirement asset (liability)   (1,195) (1,278)
Accumulated other comprehensive loss (income)   (142) 47
Amounts in accumulated other comprehensive loss consist of:      
Net loss   142 (47)
Prior service cost   0 0
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):      
Net loss (gain)   (130) 47
Amortization of net (gain) loss   (14) 13
Amortization of prior service cost     0
Amount recognized due to settlement   0 0
Foreign currency translation gain   0 0
Effect of tax   0 0
Total recognized in other comprehensive (income) loss   (144) 60
Information for plans with accumulated benefit obligation in excess of plan assets:      
Projected benefit obligation   2,509 2,421
Accumulated benefit obligation   2,215 2,107
Fair value of plan assets   $ 1,312 $ 1,143
v3.24.0.1
Employee Benefit Plans - Components of Net Period Benefit Cost (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]      
Service cost $ 150 $ 144 $ 166
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 $ 3,094 $ 2,079 $ 1,928
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 $ (2,474) $ (4,873) $ (4,168)
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 loss (gain) $ 581 $ 205 $ 1,524
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]   Other, net Other, net
Amortization of prior service cost   $ 21 $ 30
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 $ 2,152 $ 308 $ 24
Net pension benefit cost (income) 3,503 (2,116) (496)
Pension | Retirement Income Plan      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 0 0 0
Interest cost 1,603 1,025 947
Expected return on plan assets (1,120) (2,702) (2,384)
Amortization of net loss (gain) 646 101 873
Amortization of prior service cost   0 0
Effect of settlement 2,152 319 24
Net pension benefit cost (income) 3,281 (1,257) (540)
Pension | NSRPP      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 0 0 0
Interest cost 1,322 990 936
Expected return on plan assets (1,285) (2,094) (1,710)
Amortization of net loss (gain) (77) 117 651
Amortization of prior service cost   0 0
Effect of settlement 0 0 0
Net pension benefit cost (income) (40) (987) (123)
Pension | Superannuation      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 48 47 59
Interest cost 64 31 19
Expected return on plan assets (69) (77) (74)
Amortization of net loss (gain) 0 0 0
Amortization of prior service cost   21 30
Effect of settlement 0 0 0
Net pension benefit cost (income) 43 22 34
Pension | Austria Plans      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 102 97 107
Interest cost 84 22 18
Expected return on plan assets 0 0 0
Amortization of net loss (gain) 14 (13) 0
Amortization of prior service cost   0 0
Effect of settlement 0 0 0
Net pension benefit cost (income) 200 106 125
OPRB      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 0 0 0
Interest cost 21 11 8
Expected return on plan assets 0 0 0
Amortization of net loss (gain) (2) 0 0
Amortization of prior service cost   0 0
Effect of settlement 0 (11) 0
Net pension benefit cost (income) $ 19 $ 0 $ 8
v3.24.0.1
Employee Benefit Plans - Assumptions used (Details)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pension | Americold Retirement Income Plan      
Weighted-average assumptions used to determine obligations (balance sheet):      
Discount rate   5.02% 2.49%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):      
Discount rate   2.49% 2.10%
Expected return on plan assets   6.50% 6.00%
Pension | National Service-Related Pension Plan (NSRPP)      
Weighted-average assumptions used to determine obligations (balance sheet):      
Discount rate 4.90% 5.11% 2.77%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):      
Discount rate 5.11% 2.77% 2.49%
Expected return on plan assets 5.50% 6.50% 6.00%
Pension | Superannuation      
Weighted-average assumptions used to determine obligations (balance sheet):      
Discount rate 5.25% 5.40% 2.55%
Rate of compensation increase 3.00% 2.50% 2.50%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):      
Discount rate 5.40% 2.55% 1.50%
Expected return on plan assets 5.00% 5.00% 5.00%
Rate of compensation increase 2.50% 2.50% 3.25%
Pension | Austria Plans      
Weighted-average assumptions used to determine obligations (balance sheet):      
Discount rate 3.41% 3.78% 0.94%
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 3.78% 0.94% 0.75%
Other Post-Retirement Benefits (OPRB)      
Weighted-average assumptions used to determine obligations (balance sheet):      
Discount rate 4.57% 4.81% 1.95%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):      
Discount rate 4.81% 1.95% 1.41%
v3.24.0.1
Employee Benefit Plans - Fair Value of Plan Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets $ 30,312 $ 64,642 $ 84,283
Pension      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 30,312 64,642  
Pension | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 24,564 46,155  
Pension | Level 2      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 4,425 17,344  
Pension | Level 3      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Assets 1,323 1,143  
Pension | U.S. equities, Large cap      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 1,207 2,467  
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 1,207 2,467  
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 0 78  
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 0 78  
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 24,564 55,428  
Pension | Fixed-income securities, U.S. bonds | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 24,564 46,155  
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 9,273  
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, Non-U.S. bonds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets   0  
Pension | Fixed-income securities, Non-U.S. bonds | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets   0  
Pension | Fixed-income securities, Non-U.S. bonds | Level 2      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets   0  
Pension | Fixed-income securities, Non-U.S. bonds | Level 3      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets   0  
Pension | Fixed-income securities, Real estate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Total assets 1,597 4,018  
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 1,597 4,018  
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 1,621 1,508  
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 1,621 1,508  
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 1,323 1,143  
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 $ 1,323 $ 1,143  
v3.24.0.1
Employee Benefit Plans - Estimated Future Benefit Payments (Details)
$ in Thousands
Dec. 31, 2023
USD ($)
Retirement Benefits [Abstract]  
2024 $ 2,416
2025 2,004
2026 2,053
2027 2,099
2028 2,004
Thereafter 14,437
Estimated future benefit payments $ 25,013
v3.24.0.1
Employee Benefit Plans - Multiemployer Plans Contributions (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Multiemployer Plans [Line Items]      
Americold Contributions $ 7,196 $ 20,936 $ 19,105
Multiemployer pension plan withdrawal liability $ 7,458 $ 7,851  
Multiemployer plans, withdrawal obligation repayment period 25 years    
Multiemployer plan, employee contribution, percentage   70.00% 70.00%
Central Pension Fund of the International Union of Operating Engineers and Participating Employers      
Multiemployer Plans [Line Items]      
Americold Contributions $ 7 $ 8 $ 6
Central States SE & SW Areas Health and Welfare Pension Plans      
Multiemployer Plans [Line Items]      
Americold Contributions 3 9,546 9,060
New England Teamsters & Trucking Industry Pension Plan      
Multiemployer Plans [Line Items]      
Americold Contributions 592 655 529
Alternative New England Teamsters & Trucking Industry Pension Plan      
Multiemployer Plans [Line Items]      
Americold Contributions 288 326 338
I.U.O.E Stationary Engineers Local 39 Pension Fund      
Multiemployer Plans [Line Items]      
Americold Contributions 138 181 186
United Food & Commercial Workers International Union-Industry Pension Fund      
Multiemployer Plans [Line Items]      
Americold Contributions 0 109 108
Western Conference of Teamsters Pension Fund      
Multiemployer Plans [Line Items]      
Americold Contributions 2,866 7,586 7,784
Minneapolis Food Distributing Industry Pension Plan      
Multiemployer Plans [Line Items]      
Americold Contributions 175 136 127
WWEC Local 863 Pension Fund      
Multiemployer Plans [Line Items]      
Americold Contributions $ 3,127 $ 2,389 $ 967
v3.24.0.1
Commitments and Contingencies - Narrative (Details)
 12 Months Ended
Feb. 18, 2020
USD ($)
Dec. 31, 2023
USD ($)
employee
facility
Dec. 31, 2022
USD ($)
Loss Contingencies [Line Items]      
Number of employees | employee   14,706  
Number of collective bargaining agreements expiring in next twelve months | facility   20  
Loss contingency accrual   $ 5,200,000  
Environmental liabilities   0 $ 0
Unasserted Claim - OSHA      
Loss Contingencies [Line Items]      
Loss contingency accrual   $ 0 $ 0
Preferred Freezer Services, LLC Litigation      
Loss Contingencies [Line Items]      
Litigation settlement from other party $ 600,000    
Collective-Bargaining Arrangements | Number of Employees | Unionized Employees Concentration Risk      
Loss Contingencies [Line Items]      
Collective-bargaining arrangement, percentage of participants   29.00%  
Collective-Bargaining Arrangements | Number of Employees | Unionized Employees, Under Renegotiation Concentration Risk      
Loss Contingencies [Line Items]      
Collective-bargaining arrangement, percentage of participants   11.00%  
v3.24.0.1
Accumulated Other Comprehensive Income (Loss) - Activity in AOCI (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance $ 3,787,878 $ 4,029,076 $ 3,792,821
Net amount reclassified from AOCI to net loss 10,590 10,572 (8,901)
Ending balance 3,634,587 3,787,878 4,029,076
Accumulated other comprehensive loss      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (6,050) 4,522 (4,379)
Ending balance (16,640) (6,050) 4,522
Pension and other postretirement benefits      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance 2,682 5,058 (3,271)
Ending balance 383 2,682 5,058
Pension and other postretirement benefits, gain (loss)      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
(Loss) gain arising during the period (2,299) (2,397) 6,821
Pension and other postretirement benefits, prior service cost      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Amount being reclassified 0 (21) (1,508)
Foreign currency translation adjustment      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (26,650) (3,136) 3,179
(Loss) gain arising during the period (26,956) 90,482 6,315
Derecognition of cumulative foreign currency translation upon deconsolidation of entity contributed to a joint venture 0 4,970 0
Amount being reclassified 31,893 (61,998) 0
Ending balance (31,587) (26,650) (3,136)
Hedge derivative      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance 17,918 2,600 (4,287)
Amount being reclassified 8,532 21,505 11,626
Net amount reclassified from AOCI to net loss (11,886) (6,187) (4,739)
Ending balance $ 14,564 $ 17,918 $ 2,600
v3.24.0.1
Geographic Concentrations (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total Revenues $ 2,673,329 $ 2,914,735 $ 2,714,790
Total Assets 7,869,252 8,104,561  
Long-lived assets 6,352,495 5,547,052  
North America      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total Revenues 2,125,459 2,309,496 2,092,046
Total Assets 6,369,346 6,366,012  
Long-lived assets 5,213,729 4,463,000  
Europe      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total Revenues 264,623 325,714 321,705
Total Assets 926,920 1,157,723  
Long-lived assets 684,201 644,085  
Asia-Pacific      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total Revenues 267,948 262,126 281,164
Total Assets 533,581 493,518  
Long-lived assets 418,602 357,169  
South America      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total Revenues 15,299 17,399 $ 19,875
Total Assets 39,405 87,308  
Long-lived assets $ 35,963 $ 82,798  
v3.24.0.1
Segment Information - Narrative (Details)
 12 Months Ended
Dec. 31, 2023
segment
Segment Reporting [Abstract]  
Number of reportable segments 3
v3.24.0.1
Segment Information - Revenues with a Reconciliation to Income (Loss) before Income Tax and Gain (Loss) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment revenues:      
Total revenues $ 2,673,329 $ 2,914,735 $ 2,714,790
Segment, Reconciliation of Other Items from Segments to Consolidated [Abstract]      
Depreciation and amortization (353,743) (331,446) (319,840)
Selling, general, and administrative (226,786) (231,067) (182,076)
Acquisition, cyber incident, and other, net (64,087) (32,511) (51,578)
Impairment of indefinite and long-lived assets (236,515) (7,380) (3,312)
Gain (loss) on sale of real estate 2,254 (5,689) 0
Interest expense (140,107) (116,127) (99,177)
Loss on debt extinguishment, modifications and termination of derivative instruments (2,482) (3,217) (5,689)
Loss from investments in partially owned entities (1,442) (918) (723)
Impairment of related party loan receivable (21,972) 0 0
Loss on put option (56,576) 0 0
Other, net 2,795 2,464 2,022
Loss from continuing operations before income taxes (328,089) (29,928) (30,597)
Related Party      
Segment, Reconciliation of Other Items from Segments to Consolidated [Abstract]      
Impairment of related party loan receivable (21,972) 0 0
Operating Segments      
Segment revenues:      
Total revenues 2,673,329 2,914,735 2,714,790
Segment contribution:      
Operating income 770,572 695,963 629,776
Operating Segments | Warehouse      
Segment revenues:      
Total revenues 2,391,089 2,302,971 2,085,387
Segment contribution:      
Operating income 722,603 636,232 586,436
Operating Segments | Transportation      
Segment revenues:      
Total revenues 239,670 313,358 312,092
Segment contribution:      
Operating income 42,040 47,402 29,376
Operating Segments | Third-party managed      
Segment revenues:      
Total revenues 42,570 298,406 317,311
Segment contribution:      
Operating income $ 5,929 $ 12,329 $ 13,964
v3.24.0.1
Loss/Earnings per Common Share - Reconciliation of Weighted Average Number of Common Shares Outstanding (Details) - shares
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Earnings Per Share [Abstract]      
Weighted average common shares outstanding – basic (in shares) 275,773,000 269,565,000 259,056,000
Weighted average common shares outstanding – diluted (in shares) 275,773,000 269,565,000 259,056,000
v3.24.0.1
Loss/Earnings per Common Share - Antidilutive Securities (Details) - shares
shares in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Weighted-average number of antidilutive potential common shares excluded from computation (in shares) 743 2,481 5,048
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) 83 163 301
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) 406 1,549 1,009
OP 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) 254 769 453
Equity forward contracts      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Weighted-average number of antidilutive potential common shares excluded from computation (in shares) 0 0 3,285
v3.24.0.1
Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Disaggregation of Revenue [Line Items]      
Total revenues $ 2,621,244 $ 2,870,336 $ 2,676,188
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration] Total revenues Total revenues Total revenues
Lease revenue $ 52,085 $ 44,399 $ 38,602
Total revenues 2,673,329 2,914,735 2,714,790
Warehouse rent and storage      
Disaggregation of Revenue [Line Items]      
Total revenues 1,049,657 954,989 837,551
Warehouse services      
Disaggregation of Revenue [Line Items]      
Total revenues 1,289,347 1,303,583 1,209,234
Warehouse services | Argo      
Disaggregation of Revenue [Line Items]      
Total revenues 10,900 13,100 13,500
Transportation      
Disaggregation of Revenue [Line Items]      
Total revenues 239,670 313,358 312,092
Third-party managed      
Disaggregation of Revenue [Line Items]      
Total revenues 42,570 298,406 317,311
North America      
Disaggregation of Revenue [Line Items]      
Total revenues 2,081,787 2,270,587 2,059,570
Lease revenue 43,672 38,909 32,476
Total revenues 2,125,459 2,309,496 2,092,046
North America | Warehouse rent and storage      
Disaggregation of Revenue [Line Items]      
Total revenues 889,285 800,763 691,174
North America | Warehouse services      
Disaggregation of Revenue [Line Items]      
Total revenues 1,046,910 1,038,145 919,692
North America | Transportation      
Disaggregation of Revenue [Line Items]      
Total revenues 125,755 154,669 152,826
North America | Third-party managed      
Disaggregation of Revenue [Line Items]      
Total revenues 19,837 277,010 295,878
Europe      
Disaggregation of Revenue [Line Items]      
Total revenues 258,773 320,224 315,579
Lease revenue 5,850 5,490 6,126
Total revenues 264,623 325,714 321,705
Europe | Warehouse rent and storage      
Disaggregation of Revenue [Line Items]      
Total revenues 81,176 77,017 69,997
Europe | Warehouse services      
Disaggregation of Revenue [Line Items]      
Total revenues 100,966 118,152 110,517
Europe | Transportation      
Disaggregation of Revenue [Line Items]      
Total revenues 76,631 125,055 135,065
Europe | Third-party managed      
Disaggregation of Revenue [Line Items]      
Total revenues 0 0 0
Asia-Pacific      
Disaggregation of Revenue [Line Items]      
Total revenues 265,385 262,126 281,164
Lease revenue 2,563 0  
Total revenues 267,948 262,126 281,164
Asia-Pacific | Warehouse rent and storage      
Disaggregation of Revenue [Line Items]      
Total revenues 71,438 67,622 64,469
Asia-Pacific | Warehouse services      
Disaggregation of Revenue [Line Items]      
Total revenues 136,496 141,557 172,701
Asia-Pacific | Transportation      
Disaggregation of Revenue [Line Items]      
Total revenues 34,718 31,551 22,561
Asia-Pacific | Third-party managed      
Disaggregation of Revenue [Line Items]      
Total revenues 22,733 21,396 21,433
South America      
Disaggregation of Revenue [Line Items]      
Total revenues 15,299 17,399 19,875
Lease revenue 0 0  
Total revenues 15,299 17,399 19,875
South America | Warehouse rent and storage      
Disaggregation of Revenue [Line Items]      
Total revenues 7,758 9,587 11,911
South America | Warehouse services      
Disaggregation of Revenue [Line Items]      
Total revenues 4,975 5,729 6,324
South America | Transportation      
Disaggregation of Revenue [Line Items]      
Total revenues 2,566 2,083 1,640
South America | Third-party managed      
Disaggregation of Revenue [Line Items]      
Total revenues $ 0 $ 0 $ 0
v3.24.0.1
Revenue from Contracts with Customers - Performance Obligations, Narrative (Details)
$ in Billions
 12 Months Ended
Dec. 31, 2023
USD ($)
Disaggregation of Revenue [Line Items]  
Variable consideration, percentage constrained 100.00%
Unsatisfied performance obligation $ 1.4
Maximum  
Disaggregation of Revenue [Line Items]  
Payment terms 30 days
v3.24.0.1
Revenue from Contracts with Customers - Performance Obligations, Expected Timing of Recognition, Narrative (Details)
Dec. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Performance obligation, percentage of revenue 19.00%
Performance obligation, period for recognition 1 year
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 81.00%
Performance obligation, period for recognition 15 years 2 months 12 days
v3.24.0.1
Revenue from Contracts with Customers - Contract Balances, Narrative (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]    
Receivables from contracts with customers $ 420,200 $ 421,100
Unearned revenue $ 28,379 $ 32,046
Revenue satisfaction of monthly storage and handling services 30 days  
v3.24.0.1
Schedule III - Real Estate and Accumulated Depreciation (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
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 764,510
Initial Costs, Buildings and Improvements 3,745,894
Costs Capitalized Subsequent to Acquisition 788,329
Gross amount, Land 820,831
Gross amount, Buildings and Improvements 4,923,585
Gross amount 5,744,416
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 764,510
Initial Costs, Buildings and Improvements 3,745,894
Costs Capitalized Subsequent to Acquisition 788,329
Gross amount, Land 820,831
Gross amount, Buildings and Improvements 4,477,901
Gross amount 5,298,732
Accumulated depreciation and depletion $ (1,308,346)
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 201
Gross amount, Land 6,254
Gross amount, Buildings and Improvements 21,842
Gross amount 28,096
Accumulated depreciation and depletion $ (1,976)
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 1,501
Gross amount, Land 7,585
Gross amount, Buildings and Improvements 46,450
Gross amount 54,035
Accumulated depreciation and depletion $ (4,788)
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 1,313
Gross amount, Land 8,160
Gross amount, Buildings and Improvements 48,590
Gross amount 56,750
Accumulated depreciation and depletion $ (4,504)
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 1,878
Gross amount, Land 1,381
Gross amount, Buildings and Improvements 14,133
Gross amount 15,514
Accumulated depreciation and depletion $ (7,377)
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 9,672
Gross amount, Land 6,901
Gross amount, Buildings and Improvements 56,358
Gross amount 63,259
Accumulated depreciation and depletion $ (30,452)
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 1,715
Gross amount, Land 942
Gross amount, Buildings and Improvements 6,117
Gross amount 7,059
Accumulated depreciation and depletion $ (3,383)
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 4,614
Gross amount, Land 9,534
Gross amount, Buildings and Improvements 21,399
Gross amount 30,933
Accumulated depreciation and depletion $ (11,944)
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 $ (6,807)
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 4,106
Gross amount, Land 2,101
Gross amount, Buildings and Improvements 7,510
Gross amount 9,611
Accumulated depreciation and depletion $ (4,383)
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 703
Gross amount, Land 1,610
Gross amount, Buildings and Improvements 12,569
Gross amount 14,179
Accumulated depreciation and depletion $ (1,808)
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 $ (14,334)
Assets Not Under Construction | Atlanta - Lakewood, 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 4,297
Initial Costs, Buildings and Improvements 3,369
Costs Capitalized Subsequent to Acquisition (1,013)
Gross amount, Land 639
Gross amount, Buildings and Improvements 6,014
Gross amount 6,653
Accumulated depreciation and depletion $ (3,089)
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 1,280
Gross amount, Land 12,029
Gross amount, Buildings and Improvements 72,025
Gross amount 84,054
Accumulated depreciation and depletion $ (8,773)
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 2,905
Gross amount, Land 2,417
Gross amount, Buildings and Improvements 15,070
Gross amount 17,487
Accumulated depreciation and depletion $ (6,223)
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 4,852
Gross amount, Land 2,646
Gross amount, Buildings and Improvements 21,481
Gross amount 24,127
Accumulated depreciation and depletion $ (9,434)
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 11,029
Gross amount, Land 8,430
Gross amount, Buildings and Improvements 39,565
Gross amount 47,995
Accumulated depreciation and depletion $ (14,160)
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 1,381
Gross amount, Land 3,254
Gross amount, Buildings and Improvements 25,056
Gross amount 28,310
Accumulated depreciation and depletion $ (13,472)
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 362
Costs Capitalized Subsequent to Acquisition 33,944
Gross amount, Land
Gross amount, Buildings and Improvements 34,306
Gross amount 34,306
Accumulated depreciation and depletion $ (11,044)
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 $ (2,191)
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 $ (3,878)
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 4,678
Gross amount, Land 2,413
Gross amount, Buildings and Improvements 16,254
Gross amount 18,667
Accumulated depreciation and depletion $ (8,594)
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 2,163
Gross amount, Land 3
Gross amount, Buildings and Improvements 4,278
Gross amount 4,281
Accumulated depreciation and depletion $ (4,084)
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 188
Gross amount, Land 3,660
Gross amount, Buildings and Improvements 36,013
Gross amount 39,673
Accumulated depreciation and depletion $ (6,019)
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
Initial Costs, Buildings and Improvements 1,198
Costs Capitalized Subsequent to Acquisition 1,292
Gross amount, Land 10
Gross amount, Buildings and Improvements 2,480
Gross amount 2,490
Accumulated depreciation and depletion $ (434)
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 2,698
Gross amount, Land 1,282
Gross amount, Buildings and Improvements 3,375
Gross amount 4,657
Accumulated depreciation and depletion $ (1,562)
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 1,169
Gross amount, Land 4,776
Gross amount, Buildings and Improvements 6,929
Gross amount 11,705
Accumulated depreciation and depletion $ (3,700)
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 294
Gross amount, Land 6,504
Gross amount, Buildings and Improvements 13,612
Gross amount 20,116
Accumulated depreciation and depletion $ (1,538)
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 $ (2,283)
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 $ (5,920)
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 $ (17,117)
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 2,854
Gross amount, Land 826
Gross amount, Buildings and Improvements 8,830
Gross amount 9,656
Accumulated depreciation and depletion $ (5,167)
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 2,186
Gross amount, Land 9,152
Gross amount, Buildings and Improvements 15,865
Gross amount 25,017
Accumulated depreciation and depletion $ (6,840)
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 1,783
Gross amount, Land 1,611
Gross amount, Buildings and Improvements 10,177
Gross amount 11,788
Accumulated depreciation and depletion $ (5,247)
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 61,445
Initial Costs, Buildings and Improvements 33,880
Costs Capitalized Subsequent to Acquisition 9,760
Gross amount, Land 63,033
Gross amount, Buildings and Improvements 42,052
Gross amount 105,085
Accumulated depreciation and depletion $ (25,782)
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 669
Gross amount, Land 1,389
Gross amount, Buildings and Improvements 16,516
Gross amount 17,905
Accumulated depreciation and depletion $ (3,005)
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 425
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,585
Gross amount 1,585
Accumulated depreciation and depletion $ (316)
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 20,186
Gross amount, Land 2,993
Gross amount, Buildings and Improvements 33,385
Gross amount 36,378
Accumulated depreciation and depletion $ (4,939)
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 $ (6,871)
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 $ (3,536)
Assets Not Under Construction | Clearfield, 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 2,881
Initial Costs, Buildings and Improvements 14,945
Costs Capitalized Subsequent to Acquisition 7,548
Gross amount, Land 2,661
Gross amount, Buildings and Improvements 22,713
Gross amount 25,374
Accumulated depreciation and depletion $ (11,613)
Assets Not Under Construction | Clearfield 2, 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 806
Initial Costs, Buildings and Improvements 21,569
Costs Capitalized Subsequent to Acquisition 1,376
Gross amount, Land 1,148
Gross amount, Buildings and Improvements 22,603
Gross amount 23,751
Accumulated depreciation and depletion $ (5,352)
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 1,537
Gross amount, Land 904
Gross amount, Buildings and Improvements 2,830
Gross amount 3,734
Accumulated depreciation and depletion $ (1,600)
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 6,686
Gross amount, Land 2,858
Gross amount, Buildings and Improvements 45,207
Gross amount 48,065
Accumulated depreciation and depletion $ (6,114)
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 1,448
Gross amount, Land 570
Gross amount, Buildings and Improvements 10,103
Gross amount 10,673
Accumulated depreciation and depletion $ (5,287)
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 14,223
Gross amount, Land 3,380
Gross amount, Buildings and Improvements 26,696
Gross amount 30,076
Accumulated depreciation and depletion $ (11,381)
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 604
Gross amount, Land 587
Gross amount, Buildings and Improvements 12,784
Gross amount 13,371
Accumulated depreciation and depletion $ (9,300)
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 3,724
Gross amount, Land 11,162
Gross amount, Buildings and Improvements 14,605
Gross amount 25,767
Accumulated depreciation and depletion $ (6,825)
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 3,384
Gross amount, Land 401
Gross amount, Buildings and Improvements 5,463
Gross amount 5,864
Accumulated depreciation and depletion $ (2,353)
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 $ (1,661)
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 250
Gross amount, Land 6,050
Gross amount, Buildings and Improvements 49,691
Gross amount 55,741
Accumulated depreciation and depletion $ (7,606)
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 1,084
Gross amount, Land 768
Gross amount, Buildings and Improvements 14,802
Gross amount 15,570
Accumulated depreciation and depletion $ (6,278)
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 1,169
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,559
Gross amount 2,559
Accumulated depreciation and depletion $ (683)
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 524
Gross amount, Land 1,880
Gross amount, Buildings and Improvements 21,373
Gross amount 23,253
Accumulated depreciation and depletion $ (3,643)
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 $ (2,195)
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 632
Gross amount, Land 2,451
Gross amount, Buildings and Improvements 9,698
Gross amount 12,149
Accumulated depreciation and depletion $ (924)
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 1,571
Gross amount, Land 10
Gross amount, Buildings and Improvements 2,294
Gross amount 2,304
Accumulated depreciation and depletion $ (392)
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 $ (4,390)
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 2,801
Gross amount, Land 342
Gross amount, Buildings and Improvements 4,998
Gross amount 5,340
Accumulated depreciation and depletion $ (2,125)
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 707
Gross amount, Land 2,749
Gross amount, Buildings and Improvements 52,201
Gross amount 54,950
Accumulated depreciation and depletion $ (8,121)
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 6,551
Gross amount, Land 691
Gross amount, Buildings and Improvements 9,598
Gross amount 10,289
Accumulated depreciation and depletion $ (5,871)
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 $ (2,911)
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 5,486
Gross amount, Land 6,294
Gross amount, Buildings and Improvements 29,488
Gross amount 35,782
Accumulated depreciation and depletion $ (14,235)
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 $ (4,947)
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 5,858
Gross amount, Land 2,853
Gross amount, Buildings and Improvements 18,437
Gross amount 21,290
Accumulated depreciation and depletion $ (9,318)
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 (167)
Gross amount, Land 388
Gross amount, Buildings and Improvements 9,365
Gross amount 9,753
Accumulated depreciation and depletion $ (4,829)
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 410
Gross amount, Land 1,005
Gross amount, Buildings and Improvements 3,668
Gross amount 4,673
Accumulated depreciation and depletion $ (1,853)
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 1,864
Gross amount, Land 434
Gross amount, Buildings and Improvements 7,534
Gross amount 7,968
Accumulated depreciation and depletion $ (3,758)
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 1,357
Gross amount, Land 770
Gross amount, Buildings and Improvements 4,561
Gross amount 5,331
Accumulated depreciation and depletion $ (1,180)
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 2,199
Gross amount, Land 446
Gross amount, Buildings and Improvements 6,920
Gross amount 7,366
Accumulated depreciation and depletion $ (3,261)
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 4,681
Gross amount, Land 2,513
Gross amount, Buildings and Improvements 39,767
Gross amount 42,280
Accumulated depreciation and depletion $ (17,117)
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 7,031
Gross amount, Land 1,835
Gross amount, Buildings and Improvements 10,554
Gross amount 12,389
Accumulated depreciation and depletion $ (3,595)
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 13,566
Gross amount, Land 1,281
Gross amount, Buildings and Improvements 16,264
Gross amount 17,545
Accumulated depreciation and depletion $ (5,999)
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 4,031
Gross amount, Land 5,400
Gross amount, Buildings and Improvements 32,328
Gross amount 37,728
Accumulated depreciation and depletion $ (13,480)
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 1,389
Gross amount, Land 98
Gross amount, Buildings and Improvements 1,885
Gross amount 1,983
Accumulated depreciation and depletion $ (310)
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 1,313
Gross amount, Land 530
Gross amount, Buildings and Improvements 7,755
Gross amount 8,285
Accumulated depreciation and depletion $ (2,446)
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 51
Gross amount, Land 0
Gross amount, Buildings and Improvements 73
Gross amount 73
Accumulated depreciation and depletion $ (32)
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 20,388
Gross amount, Land 8,244
Gross amount, Buildings and Improvements 14,172
Gross amount 22,416
Accumulated depreciation and depletion $ (3,666)
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 $ (1,313)
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 10,563
Gross amount, Land 5,827
Gross amount, Buildings and Improvements 38,024
Gross amount 43,851
Accumulated depreciation and depletion $ (19,359)
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 $ (153)
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 3,951
Gross amount, Land 9,080
Gross amount, Buildings and Improvements 18,329
Gross amount 27,409
Accumulated depreciation and depletion $ (7,141)
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 723
Gross amount, Land 1,419
Gross amount, Buildings and Improvements 7,733
Gross amount 9,152
Accumulated depreciation and depletion $ (3,861)
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 2,128
Gross amount, Land 1,531
Gross amount, Buildings and Improvements 12,135
Gross amount 13,666
Accumulated depreciation and depletion $ (5,114)
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 23,433
Gross amount, Land 4,372
Gross amount, Buildings and Improvements 39,949
Gross amount 44,321
Accumulated depreciation and depletion $ (18,523)
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 2,715
Gross amount, Land 1,887
Gross amount, Buildings and Improvements 22,186
Gross amount 24,073
Accumulated depreciation and depletion $ (11,530)
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 205
Gross amount, Land 6,236
Gross amount, Buildings and Improvements 24,930
Gross amount 31,166
Accumulated depreciation and depletion $ (5,632)
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 $ (7,624)
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 $ (7,294)
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 4,935
Gross amount, Land 3,502
Gross amount, Buildings and Improvements 23,641
Gross amount 27,143
Accumulated depreciation and depletion $ (10,645)
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 236
Gross amount, Land 1,100
Gross amount, Buildings and Improvements 12,732
Gross amount 13,832
Accumulated depreciation and depletion $ (2,439)
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 255
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,138
Gross amount 1,138
Accumulated depreciation and depletion $ (179)
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 12,959
Gross amount, Land 1,796
Gross amount, Buildings and Improvements 26,481
Gross amount 28,277
Accumulated depreciation and depletion $ (10,730)
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 3,221
Gross amount, Land 5,095
Gross amount, Buildings and Improvements 29,915
Gross amount 35,010
Accumulated depreciation and depletion $ (3,323)
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 $ (5,900)
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 1,150
Gross amount, Land 4,074
Gross amount, Buildings and Improvements 36,322
Gross amount 40,396
Accumulated depreciation and depletion $ (6,818)
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 1,160
Gross amount, Land 10
Gross amount, Buildings and Improvements 2,131
Gross amount 2,141
Accumulated depreciation and depletion $ (339)
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 2,702
Gross amount, Land 1,524
Gross amount, Buildings and Improvements 11,188
Gross amount 12,712
Accumulated depreciation and depletion $ (5,301)
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 4,021
Gross amount, Land 5,082
Gross amount, Buildings and Improvements 39,398
Gross amount 44,480
Accumulated depreciation and depletion $ (18,685)
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 $ (3,993)
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 1,341
Gross amount, Land 967
Gross amount, Buildings and Improvements 11,419
Gross amount 12,386
Accumulated depreciation and depletion $ (5,399)
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 1
Encumbrances $ 0
Initial Costs, Land 175
Initial Costs, Buildings and Improvements 15,322
Costs Capitalized Subsequent to Acquisition 1,427
Gross amount, Land 530
Gross amount, Buildings and Improvements 16,394
Gross amount 16,924
Accumulated depreciation and depletion $ (7,452)
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 823
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,811
Gross amount 2,811
Accumulated depreciation and depletion $ (2,642)
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 $ (2,065)
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 2,023
Gross amount, Land 2,523
Gross amount, Buildings and Improvements 10,085
Gross amount 12,608
Accumulated depreciation and depletion $ (6,804)
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 1,745
Gross amount, Land 24
Gross amount, Buildings and Improvements 4,934
Gross amount 4,958
Accumulated depreciation and depletion $ (2,195)
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 6,754
Gross amount, Land 3,039
Gross amount, Buildings and Improvements 25,737
Gross amount 28,776
Accumulated depreciation and depletion $ (14,023)
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 600
Gross amount, Land 2,702
Gross amount, Buildings and Improvements 48,906
Gross amount 51,608
Accumulated depreciation and depletion $ (6,449)
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 528
Gross amount, Land 1,198
Gross amount, Buildings and Improvements 7,926
Gross amount 9,124
Accumulated depreciation and depletion $ (4,179)
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 3,654
Gross amount, Land 1,198
Gross amount, Buildings and Improvements 14,077
Gross amount 15,275
Accumulated depreciation and depletion $ (6,994)
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 6,307
Gross amount, Land 0
Gross amount, Buildings and Improvements 75,716
Gross amount 75,716
Accumulated depreciation and depletion $ (2,412)
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 224
Gross amount, Land 6,081
Gross amount, Buildings and Improvements 27,439
Gross amount 33,520
Accumulated depreciation and depletion $ (3,682)
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 3,988
Gross amount, Land 1,346
Gross amount, Buildings and Improvements 14,672
Gross amount 16,018
Accumulated depreciation and depletion $ (8,443)
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 2,687
Gross amount, Land 1,834
Gross amount, Buildings and Improvements 14,305
Gross amount 16,139
Accumulated depreciation and depletion $ (9,256)
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 453
Gross amount, Land 2,350
Gross amount, Buildings and Improvements 58,120
Gross amount 60,470
Accumulated depreciation and depletion $ (9,039)
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 3,133
Gross amount, Land 822
Gross amount, Buildings and Improvements 13,441
Gross amount 14,263
Accumulated depreciation and depletion $ (6,191)
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 8,401
Gross amount, Land 30,390
Gross amount, Buildings and Improvements 61,564
Gross amount 91,954
Accumulated depreciation and depletion $ (5,124)
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 1,374
Gross amount, Land 3,744
Gross amount, Buildings and Improvements 20,890
Gross amount 24,634
Accumulated depreciation and depletion $ (4,229)
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 14,971
Gross amount, Land 2,236
Gross amount, Buildings and Improvements 27,256
Gross amount 29,492
Accumulated depreciation and depletion $ (4,380)
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 2,047
Gross amount, Land 888
Gross amount, Buildings and Improvements 4,312
Gross amount 5,200
Accumulated depreciation and depletion $ (2,333)
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 29,174
Gross amount, Land 14,777
Gross amount, Buildings and Improvements 32,702
Gross amount 47,479
Accumulated depreciation and depletion $ (17,674)
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 10,092
Gross amount, Land 1,329
Gross amount, Buildings and Improvements 22,554
Gross amount 23,883
Accumulated depreciation and depletion $ (17,339)
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 704
Gross amount, Land 1,828
Gross amount, Buildings and Improvements 10,779
Gross amount 12,607
Accumulated depreciation and depletion $ (1,337)
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 684
Gross amount, Land 638
Gross amount, Buildings and Improvements 16,412
Gross amount 17,050
Accumulated depreciation and depletion $ (7,095)
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 252
Gross amount, Land 4,757
Gross amount, Buildings and Improvements 35,749
Gross amount 40,506
Accumulated depreciation and depletion $ (4,726)
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 4,199
Gross amount, Land 580
Gross amount, Buildings and Improvements 16,929
Gross amount 17,509
Accumulated depreciation and depletion $ (9,173)
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 5,573
Gross amount, Land 5,820
Gross amount, Buildings and Improvements 20,462
Gross amount 26,282
Accumulated depreciation and depletion $ (3,094)
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 317
Gross amount, Land 3,182
Gross amount, Buildings and Improvements 11,629
Gross amount 14,811
Accumulated depreciation and depletion $ (3,796)
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 1,745
Gross amount, Land 508
Gross amount, Buildings and Improvements 11,620
Gross amount 12,128
Accumulated depreciation and depletion $ (6,470)
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 231
Gross amount, Land 0
Gross amount, Buildings and Improvements 337
Gross amount 337
Accumulated depreciation and depletion $ (112)
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 $ (993)
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 7,360
Gross amount, Land 2,654
Gross amount, Buildings and Improvements 24,394
Gross amount 27,048
Accumulated depreciation and depletion $ (12,969)
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 1,401
Gross amount, Land 385
Gross amount, Buildings and Improvements 3,723
Gross amount 4,108
Accumulated depreciation and depletion $ (1,626)
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 48,695
Gross amount, Land 4,430
Gross amount, Buildings and Improvements 64,303
Gross amount 68,733
Accumulated depreciation and depletion $ (17,324)
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 1,826
Gross amount, Land 2,356
Gross amount, Buildings and Improvements 38,199
Gross amount 40,555
Accumulated depreciation and depletion $ (18,309)
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 4,084
Gross amount, Land 4,697
Gross amount, Buildings and Improvements 36,243
Gross amount 40,940
Accumulated depreciation and depletion $ (4,385)
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 $ (10,079)
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 140
Gross amount, Land 2,499
Gross amount, Buildings and Improvements 29,287
Gross amount 31,786
Accumulated depreciation and depletion $ (5,106)
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 2,633
Gross amount, Land 1,550
Gross amount, Buildings and Improvements 53,201
Gross amount 54,751
Accumulated depreciation and depletion $ (8,532)
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 6,592
Gross amount, Land 3,305
Gross amount, Buildings and Improvements 27,438
Gross amount 30,743
Accumulated depreciation and depletion $ (14,685)
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 14,196
Gross amount, Land 8,142
Gross amount, Buildings and Improvements 20,479
Gross amount 28,621
Accumulated depreciation and depletion $ (9,858)
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 11,034
Gross amount, Land 485
Gross amount, Buildings and Improvements 33,030
Gross amount 33,515
Accumulated depreciation and depletion $ (21,689)
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 736
Gross amount, Land 2,014
Gross amount, Buildings and Improvements 23,638
Gross amount 25,652
Accumulated depreciation and depletion $ (8,076)
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 4,059
Gross amount, Land 2,329
Gross amount, Buildings and Improvements 14,725
Gross amount 17,054
Accumulated depreciation and depletion $ (10,455)
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 691
Gross amount, Land 3,291
Gross amount, Buildings and Improvements 34,614
Gross amount 37,905
Accumulated depreciation and depletion $ (5,667)
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 5,033
Gross amount, Land 22,743
Gross amount, Buildings and Improvements 13,461
Gross amount 36,204
Accumulated depreciation and depletion $ (2,988)
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 410
Gross amount, Land 3,174
Gross amount, Buildings and Improvements 37,809
Gross amount 40,983
Accumulated depreciation and depletion $ (5,415)
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 $ 0
Initial Costs, Land 0
Initial Costs, Buildings and Improvements 1,382
Costs Capitalized Subsequent to Acquisition 2,094
Gross amount, Land 1,139
Gross amount, Buildings and Improvements 2,337
Gross amount 3,476
Accumulated depreciation and depletion $ (592)
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 1,531
Gross amount, Land 3,015
Gross amount, Buildings and Improvements 21,844
Gross amount 24,859
Accumulated depreciation and depletion $ (2,592)
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 1,958
Gross amount, Land 802
Gross amount, Buildings and Improvements 9,689
Gross amount 10,491
Accumulated depreciation and depletion $ (3,895)
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 3,334
Gross amount, Land 2,350
Gross amount, Buildings and Improvements 13,178
Gross amount 15,528
Accumulated depreciation and depletion $ (6,592)
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 84
Gross amount, Land 4,529
Gross amount, Buildings and Improvements 29,896
Gross amount 34,425
Accumulated depreciation and depletion $ (5,618)
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 1,690
Gross amount, Land 4,506
Gross amount, Buildings and Improvements 56,590
Gross amount 61,096
Accumulated depreciation and depletion $ (10,119)
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 5,110
Gross amount, Land 1,084
Gross amount, Buildings and Improvements 9,662
Gross amount 10,746
Accumulated depreciation and depletion $ (5,685)
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 1,774
Gross amount, Land 6,578
Gross amount, Buildings and Improvements 21,430
Gross amount 28,008
Accumulated depreciation and depletion $ (2,459)
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 2,140
Gross amount, Land 931
Gross amount, Buildings and Improvements 12,807
Gross amount 13,738
Accumulated depreciation and depletion $ (6,761)
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 $ (4,423)
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 979
Gross amount, Land 1,800
Gross amount, Buildings and Improvements 13,108
Gross amount 14,908
Accumulated depreciation and depletion $ (6,915)
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 2,259
Gross amount, Land 1,761
Gross amount, Buildings and Improvements 17,087
Gross amount 18,848
Accumulated depreciation and depletion $ (7,507)
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 233
Gross amount, Land 7
Gross amount, Buildings and Improvements 5,250
Gross amount 5,257
Accumulated depreciation and depletion $ (831)
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 65
Gross amount, Land 560
Gross amount, Buildings and Improvements 8,773
Gross amount 9,333
Accumulated depreciation and depletion $ (2,151)
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 6,266
Gross amount, Land 2,420
Gross amount, Buildings and Improvements 26,079
Gross amount 28,499
Accumulated depreciation and depletion $ (12,692)
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 2,640
Gross amount, Land 31
Gross amount, Buildings and Improvements 23,825
Gross amount 23,856
Accumulated depreciation and depletion $ (10,282)
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 874
Gross amount, Land 89
Gross amount, Buildings and Improvements 3,236
Gross amount 3,325
Accumulated depreciation and depletion $ (2,741)
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 $ (1,966)
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 1,729
Gross amount, Land 1,380
Gross amount, Buildings and Improvements 13,518
Gross amount 14,898
Accumulated depreciation and depletion $ (6,070)
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 1,459
Gross amount, Land 1,225
Gross amount, Buildings and Improvements 10,898
Gross amount 12,123
Accumulated depreciation and depletion $ (4,990)
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 1,528
Gross amount, Land 1,703
Gross amount, Buildings and Improvements 15,461
Gross amount 17,164
Accumulated depreciation and depletion $ (6,704)
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 1,761
Gross amount, Land 921
Gross amount, Buildings and Improvements 12,851
Gross amount 13,772
Accumulated depreciation and depletion $ (5,765)
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 939
Gross amount, Land 1,034
Gross amount, Buildings and Improvements 11,506
Gross amount 12,540
Accumulated depreciation and depletion $ (5,750)
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 1,013
Gross amount, Land 967
Gross amount, Buildings and Improvements 5,046
Gross amount 6,013
Accumulated depreciation and depletion $ (2,544)
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 3,833
Gross amount, Land 3,124
Gross amount, Buildings and Improvements 10,804
Gross amount 13,928
Accumulated depreciation and depletion $ (4,810)
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 4,118
Gross amount, Land 8,112
Gross amount, Buildings and Improvements 17,596
Gross amount 25,708
Accumulated depreciation and depletion $ (10,561)
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 2,849
Gross amount, Land 2,826
Gross amount, Buildings and Improvements 25,644
Gross amount 28,470
Accumulated depreciation and depletion $ (10,917)
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 4,508
Gross amount, Land 9,580
Gross amount, Buildings and Improvements 73,242
Gross amount 82,822
Accumulated depreciation and depletion $ (7,487)
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 1
Encumbrances $ 0
Initial Costs, Land 4,386
Initial Costs, Buildings and Improvements 13,019
Costs Capitalized Subsequent to Acquisition 0
Gross amount, Land 4,386
Gross amount, Buildings and Improvements 13,019
Gross amount 17,405
Accumulated depreciation and depletion $ (93)
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 $ (3,630)
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 $ (1,659)
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 2,354
Gross amount, Land 21
Gross amount, Buildings and Improvements 10,471
Gross amount 10,492
Accumulated depreciation and depletion $ (8,591)
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 3,446
Gross amount, Land 2,802
Gross amount, Buildings and Improvements 14,404
Gross amount 17,206
Accumulated depreciation and depletion $ (7,857)
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 2,452
Gross amount, Land 1,432
Gross amount, Buildings and Improvements 7,034
Gross amount 8,466
Accumulated depreciation and depletion $ (3,717)
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 4,789
Gross amount, Land 1,627
Gross amount, Buildings and Improvements 14,574
Gross amount 16,201
Accumulated depreciation and depletion $ (6,314)
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 880
Gross amount, Land 1,416
Gross amount, Buildings and Improvements 8,115
Gross amount 9,531
Accumulated depreciation and depletion $ (4,183)
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 2,088
Gross amount, Land 934
Gross amount, Buildings and Improvements 12,314
Gross amount 13,248
Accumulated depreciation and depletion $ (5,554)
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 (1)
Gross amount, Land 0
Gross amount, Buildings and Improvements 11
Gross amount 11
Accumulated depreciation and depletion $ (11)
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 381
Gross amount, Land 27,448
Gross amount, Buildings and Improvements 53,822
Gross amount 81,270
Accumulated depreciation and depletion $ (8,090)
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 8,097
Gross amount, Land 6,161
Gross amount, Buildings and Improvements 43,568
Gross amount 49,729
Accumulated depreciation and depletion $ (5,445)
Assets Not Under Construction | Halifax Thornhill  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land
Initial Costs, Buildings and Improvements 1,044
Costs Capitalized Subsequent to Acquisition (3)
Gross amount, Land 0
Gross amount, Buildings and Improvements 1,041
Gross amount 1,041
Accumulated depreciation and depletion $ (994)
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 (837)
Gross amount, Land 1,367
Gross amount, Buildings and Improvements 10,567
Gross amount 11,934
Accumulated depreciation and depletion $ (1,337)
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 150
Gross amount, Land 0
Gross amount, Buildings and Improvements 395
Gross amount 395
Accumulated depreciation and depletion $ (47)
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 2,736
Gross amount, Land 11,417
Gross amount, Buildings and Improvements 34,236
Gross amount 45,653
Accumulated depreciation and depletion $ (14,289)
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 (1,311)
Gross amount, Land 7,852
Gross amount, Buildings and Improvements 10,647
Gross amount 18,499
Accumulated depreciation and depletion $ (1,076)
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 (2,659)
Gross amount, Land 17,400
Gross amount, Buildings and Improvements 28,436
Gross amount 45,836
Accumulated depreciation and depletion $ (2,885)
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 8,489
Gross amount, Land 11,586
Gross amount, Buildings and Improvements 38,844
Gross amount 50,430
Accumulated depreciation and depletion $ (15,425)
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 (1,142)
Gross amount, Land 9,218
Gross amount, Buildings and Improvements 19,506
Gross amount 28,724
Accumulated depreciation and depletion $ (8,362)
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 20,043
Gross amount, Land 7,243
Gross amount, Buildings and Improvements 13,987
Gross amount 21,230
Accumulated depreciation and depletion $ (6,796)
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 13,190
Gross amount, Land 6,089
Gross amount, Buildings and Improvements 25,285
Gross amount 31,374
Accumulated depreciation and depletion $ (5,396)
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 538
Gross amount, Land 823
Gross amount, Buildings and Improvements 8,927
Gross amount 9,750
Accumulated depreciation and depletion $ (497)
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 933
Gross amount, Land 3,625
Gross amount, Buildings and Improvements 15,238
Gross amount 18,863
Accumulated depreciation and depletion $ (226)
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 31,832
Gross amount, Land 5,905
Gross amount, Buildings and Improvements 37,505
Gross amount 43,410
Accumulated depreciation and depletion $ (7,590)
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 1,400
Gross amount, Land 2,302
Gross amount, Buildings and Improvements 7,421
Gross amount 9,723
Accumulated depreciation and depletion $ (2,778)
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 1,215
Gross amount, Land 5,104
Gross amount, Buildings and Improvements 4,737
Gross amount 9,841
Accumulated depreciation and depletion $ (2,100)
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 640
Gross amount, Land 1,301
Gross amount, Buildings and Improvements 4,481
Gross amount 5,782
Accumulated depreciation and depletion $ (1,685)
Assets Not Under Construction | Manutapu/Barber Akld  
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 343
Costs Capitalized Subsequent to Acquisition 354
Gross amount, Land 0
Gross amount, Buildings and Improvements 697
Gross amount 697
Accumulated depreciation and depletion $ (537)
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 (5,076)
Gross amount, Land 5,368
Gross amount, Buildings and Improvements 3,346
Gross amount 8,714
Accumulated depreciation and depletion $ (800)
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 902
Gross amount, Land 2,457
Gross amount, Buildings and Improvements 6,637
Gross amount 9,094
Accumulated depreciation and depletion $ (1,135)
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 (2,146)
Gross amount, Land 0
Gross amount, Buildings and Improvements 2,838
Gross amount 2,838
Accumulated depreciation and depletion $ (5,121)
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 (2,590)
Gross amount, Land 647
Gross amount, Buildings and Improvements 55
Gross amount 702
Accumulated depreciation and depletion $ (17)
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 (3,149)
Gross amount, Land 13,948
Gross amount, Buildings and Improvements 25,785
Gross amount 39,733
Accumulated depreciation and depletion $ (2,167)
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 (2,869)
Gross amount, Land 6,416
Gross amount, Buildings and Improvements 28,829
Gross amount 35,245
Accumulated depreciation and depletion $ (3,251)
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 (1,564)
Gross amount, Land 488
Gross amount, Buildings and Improvements 14,234
Gross amount 14,722
Accumulated depreciation and depletion $ (2,186)
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 (4,586)
Gross amount, Land 19,038
Gross amount, Buildings and Improvements 23,923
Gross amount 42,961
Accumulated depreciation and depletion $ (2,740)
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 (2,232)
Gross amount, Land 253
Gross amount, Buildings and Improvements 24,310
Gross amount 24,563
Accumulated depreciation and depletion $ (2,351)
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 (1,389)
Gross amount, Land 5,736
Gross amount, Buildings and Improvements 21,289
Gross amount 27,025
Accumulated depreciation and depletion $ (2,467)
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 9,832
Gross amount, Land 8,617
Gross amount, Buildings and Improvements 36,557
Gross amount 45,174
Accumulated depreciation and depletion $ (2,045)
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 7,385
Initial Costs, Buildings and Improvements 29,538
Costs Capitalized Subsequent to Acquisition (1,988)
Gross amount, Land 6,690
Gross amount, Buildings and Improvements 28,245
Gross amount 34,935
Accumulated depreciation and depletion $ (2,468)
Assets Not Under Construction | Porto  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Buildings | building 1
Encumbrances $ 0
Initial Costs, Land 6,409
Initial Costs, Buildings and Improvements 17,340
Costs Capitalized Subsequent to Acquisition (2,066)
Gross amount, Land 5,820
Gross amount, Buildings and Improvements 15,863
Gross amount 21,683
Accumulated depreciation and depletion $ (1,362)
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 (233)
Gross amount, Land 117
Gross amount, Buildings and Improvements 2,091
Gross amount 2,208
Accumulated depreciation and depletion $ (180)
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 105
Gross amount, Land 109
Gross amount, Buildings and Improvements 12,045
Gross amount 12,154
Accumulated depreciation and depletion $ (1,445)
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 4,821
Gross amount, Land 14,766
Gross amount, Buildings and Improvements 41,642
Gross amount 56,408
Accumulated depreciation and depletion $ (4,480)
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 (293)
Gross amount, Land 154
Gross amount, Buildings and Improvements 10,655
Gross amount 10,809
Accumulated depreciation and depletion $ (1,043)
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 1,376
Gross amount, Land 10,798
Gross amount, Buildings and Improvements 5,074
Gross amount 15,872
Accumulated depreciation and depletion $ (424)
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 (5,280)
Gross amount, Land 4,321
Gross amount, Buildings and Improvements 29,130
Gross amount 33,451
Accumulated depreciation and depletion $ (2,302)
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 1,497
Gross amount, Land 8,527
Gross amount, Buildings and Improvements 74,905
Gross amount 83,432
Accumulated depreciation and depletion $ (8,838)
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 2,384
Gross amount, Land 3,087
Gross amount, Buildings and Improvements 10,678
Gross amount 13,766
Accumulated depreciation and depletion $ (1,328)
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 (47)
Gross amount, Land 2,046
Gross amount, Buildings and Improvements 14,863
Gross amount 16,909
Accumulated depreciation and depletion $ (1,829)
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 445,684
Gross amount 445,684
Accumulated depreciation and depletion $ 0
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 143,871
Gross amount 143,871
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 8
Gross amount 8
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 1,158
Gross amount 1,158
Accumulated depreciation and depletion
Assets Under Construction | Tampa - Bartow, 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 13
Gross amount 13
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 614
Gross amount 614
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 22
Gross amount 22
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 239
Gross amount 239
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 5
Gross amount 5
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 608
Gross amount 608
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 68
Gross amount 68
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 137
Gross amount 137
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 627
Gross amount 627
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 80
Gross amount 80
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 11
Gross amount 11
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 220
Gross amount 220
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 209
Gross amount 209
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 22,350
Gross amount 22,350
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 27
Gross amount 27
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 5,608
Gross amount 5,608
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 262
Gross amount 262
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 226
Gross amount 226
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 6,338
Gross amount 6,338
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 94
Gross amount 94
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 916
Gross amount 916
Accumulated depreciation and depletion
Assets Under Construction | Babcock, 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 72
Gross amount 72
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 12
Gross amount 12
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 15
Gross amount 15
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 205
Gross amount 205
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 3,414
Gross amount 3,414
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 24
Gross amount 24
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 347
Gross amount 347
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 6
Gross amount 6
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 (9)
Gross amount (9)
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 99
Gross amount 99
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 9
Gross amount 9
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 (9)
Gross amount (9)
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 70
Gross amount 70
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 1,042
Gross amount 1,042
Accumulated depreciation and depletion
Assets Under Construction | Clearfield 2, 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 681
Gross amount 681
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 221
Gross amount 221
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 370
Gross amount 370
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 1,452
Gross amount 1,452
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 221
Gross amount 221
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 1,535
Gross amount 1,535
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 388
Gross amount 388
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 450
Gross amount 450
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 120
Gross amount 120
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 149
Gross amount 149
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 (9)
Gross amount (9)
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 265
Gross amount 265
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 7
Gross amount 7
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 1
Gross amount 1
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 55
Gross amount 55
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 23
Gross amount 23
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 370
Gross amount 370
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 (29)
Gross amount (29)
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 30
Gross amount 30
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 2,763
Gross amount 2,763
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 1,074
Gross amount 1,074
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 37
Gross amount 37
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 215
Gross amount 215
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 20
Gross amount 20
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 5,892
Gross amount 5,892
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 28
Gross amount 28
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 369
Gross amount 369
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 (13)
Gross amount (13)
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 671
Gross amount 671
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 183
Gross amount 183
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 68
Gross amount 68
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 26
Gross amount 26
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 465
Gross amount 465
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 19
Gross amount 19
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 156
Gross amount 156
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 153
Gross amount 153
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 (9)
Gross amount (9)
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 7
Gross amount 7
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 (181)
Gross amount (181)
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 643
Gross amount 643
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 (37)
Gross amount (37)
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 274
Gross amount 274
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 91
Gross amount 91
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 16
Gross amount 16
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 106
Gross amount 106
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 210
Gross amount 210
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 (44)
Gross amount (44)
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 1,082
Gross amount 1,082
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 (6)
Gross amount (6)
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 661
Gross amount 661
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 80
Gross amount 80
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 46
Gross amount 46
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 155,050
Gross amount 155,050
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 150
Gross amount 150
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 1,954
Gross amount 1,954
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 9,121
Gross amount 9,121
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 448
Gross amount 448
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 40,372
Gross amount 40,372
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 122
Gross amount 122
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 6
Gross amount 6
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 120
Gross amount 120
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 425
Gross amount 425
Accumulated depreciation and depletion
Assets Under Construction | San Antonio - HEB, 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 709
Gross amount 709
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 368
Gross amount 368
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 (11)
Gross amount (11)
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 55
Gross amount 55
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 10
Gross amount 10
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 33
Gross amount 33
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 105
Gross amount 105
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 227
Gross amount 227
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 177
Gross amount 177
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 42
Gross amount 42
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 (30)
Gross amount (30)
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 24
Gross amount 24
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 112
Gross amount 112
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 10
Gross amount 10
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 4
Gross amount 4
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 953
Gross amount 953
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 1,166
Gross amount 1,166
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 6,163
Gross amount 6,163
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 (5)
Gross amount (5)
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 5
Gross amount 5
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 114
Gross amount 114
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 154
Gross amount 154
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 123
Gross amount 123
Accumulated depreciation and depletion
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 26
Gross amount 26
Accumulated depreciation and depletion
Assets Under Construction | London  
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 1,156
Gross amount 1,156
Accumulated depreciation and depletion
Assets Under Construction | Mississauga Surveyor  
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 201
Gross amount $ 201
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 647
Gross amount 647
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 395
Gross amount 395
Accumulated depreciation and depletion
Assets Under Construction | Brisbane - Lytton  
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 387
Gross amount 387
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 3,149
Gross amount 3,149
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 982
Gross amount 982
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 727
Gross amount 727
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 457
Gross amount 457
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 1,620
Gross amount 1,620
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 822
Gross amount 822
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 216
Gross amount 216
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 86
Gross amount 86
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 270
Gross amount 270
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 78
Gross amount 78
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 189
Gross amount 189
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 44
Gross amount 44
Accumulated depreciation and depletion
Assets Under Construction | Maasvlakte, 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 1,521
Gross amount 1,521
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 3
Gross amount 3
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 46
Gross amount 46
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 2,733
Gross amount 2,733
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 237
Gross amount 237
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 57
Gross amount 57
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 133
Gross amount 133
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 832
Gross amount 832
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 21
Gross amount 21
Accumulated depreciation and depletion
v3.24.0.1
Schedule III - Real Estate and Accumulated Depreciation - Footnotes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
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 $ (2,266,020)    
Property, buildings and equipment gross value (7,302,933) $ (6,967,267)  
Property, plant and equipment - gross 174,988 140,555  
Total per Schedule III 4,923,585    
Investment, Tax Basis, Cost 4,500,000    
Real Estate Facilities, at Cost:      
Disposition (10,981)    
Accumulated Depreciation:      
Total sale-leaseback financing obligations 161,937 171,089  
Reconciliation of Real Estate Activity      
Total real estate facilities gross amount per Schedule III 5,744,416    
Offshore non-real CIP recorded in real CIP-not included in Schedule III (10,981)    
Real estate facilities, at cost - ending balance 6,559,755    
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption      
Accumulated depreciation - ending balance (2,266,020)    
Assets Under Construction      
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Accumulated depreciation per Schedule III 0    
Total per Schedule III 445,684    
Accumulated Depreciation:      
Ending balance 0    
Reconciliation of Real Estate Activity      
Total real estate facilities gross amount per Schedule III 445,684    
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption      
Accumulated depreciation per Schedule III 0    
Sale Leaseback Transaction Accounted for as a Financing Lease      
Accumulated Depreciation:      
Total sale-leaseback financing obligations $ 147,000 152,000 $ 157,400
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 $ (957,674)    
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption      
Accumulated depreciation - ending balance (957,674)    
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 (4,464,359) (4,245,607)  
Property, plant and equipment - gross 13,542 13,546  
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 (452,312) (526,811)  
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 (6,628)    
Real Estate      
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:      
Accumulated depreciation per Schedule III (1,693,983) (1,470,179) (1,277,174)
Real Estate Facilities, at Cost:      
Beginning Balance 6,261,663 6,134,702 5,706,760
Capital expenditures 231,984 195,696 304,886
Acquisitions 44,911 12,615 383,600
Purchase price allocation adjustments 0 (331) (198,541)
Disposition (6,829) (14,694) (3,691)
Impairment 0 (3,407) (1,700)
Conversion of leased assets to owned 301 13,182 0
Impact of foreign exchange rate changes 27,725 (76,100) (56,612)
Ending Balance 6,559,755 6,261,663 6,134,702
Accumulated Depreciation:      
Beginning balance (1,470,179) (1,277,174) (1,080,922)
Depreciation expense (215,731) (204,896) (201,497)
Dispositions 1,037 5,304 1,259
Impact of foreign exchange rate changes (9,110) 6,587 3,986
Ending balance (1,693,983) (1,470,179) (1,277,174)
Total Real Estate Facilities, Net at December 31 4,865,772 4,791,484 4,857,528
Reconciliation of Real Estate Activity      
Offshore non-real CIP recorded in real CIP-not included in Schedule III (6,829) (14,694) (3,691)
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption      
Accumulated depreciation per Schedule III (1,693,983) $ (1,470,179) $ (1,277,174)
Refrigeration Equipment      
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 (385,637)    
Reconciliation of Real Estate Activity      
Real estate facilities, at cost - ending balance 826,320    
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption      
Accumulated depreciation - ending balance $ (385,637)