Highly Diversified Business Model Produces Stable Cash Flows
Growth Strategy - Expansion and Development
Middleboro, MA
Completed
Since 2018
Rochelle, IL
Columbus, OH
Chesapeake, VA
North Little Rock, AR
44.1mm Cu Ft
~147,000 Pallets
Incurred Cost
~$237mm
Savannah, GA
Expansion and Development Opportunities (1)
Atlanta, GA
Under
Construction
Auckland, New Zealand
Russellville, AR
Plainville, CT
Lancaster, PA
Calgary, Canada
62.1mm Cu Ft
~199,000 Pallets
Total Estimated Costs (2)
~$607mm
7 Expansions
Current
Expansion and
Development
Pipeline (3)
Lurgan, Northern Ireland
Estimated Investment $1bn+
Includes both customer-specific
and market-demand
Expansion
Opportunities
Customer-
Specific
Market-
Demand
+
Existing Sites
for Future
Expansion
760+ acres of excess
Expected to initiate $175 million to $300 million of new
development starts annually
developable land
In current portfolio
(1)
(2)
As of December 31, 2020; no assurance can be given that the actual cost or completion dates of any expansions or developments will not exceed our estimate
Reflects management's estimate of cost of completion as of December 31, 2020
(3)
These future pipeline opportunities are at various stages of discussion and consideration and, based on historical experiences, many of them may not be pursued or completed as contemplated or at all
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