Investor Presentaiton
Expansion and Development Overview
Recently
Completed/
Ramping to
Stabilization
Expansion and Development Opportunities (1)
Auckland, NZ
Lurgan, N. Ireland
Calgary, Canada
Dunkirk, NY
Dublin, Ireland
Barcelona, Spain
Lancaster, PA
Gateway, GA Phase 2
Total Estimated Cost (2)
Total Estimated Stabilized NOI (3)
~$350mm
~$39mm
Highlighted projects completed within the last 18 months and
represent ~$292mm of Cost (2) and $32mm of NOI (3)
Under
Construction
Russellville, AR
Spearwood, Australia
Plainville, CT
28.4mm Cu Ft
~93,000 Pallets
Estimated Cost to Complete (4)
~$28mm
~$277mm spent / ~$305mm total
(2 Expansions/1 Development)
Current
Development
Pipeline (5)
Estimated Investment $1bn+
Includes both customer-specific and market-demand
Global opportunities
Greenfield developments and expansions
ā Automated and conventional facilities
ā Food manufacturers and retail customers
Expansion
Opportunities
Customer-
Specific
Market-
Demand
+
Existing Sites
for Future
Expansion
730+ acres of excess
developable land
In current portfolio
(1)
As of June 30, 2023; no assurance can be given that the actual cost or completion dates of any expansions or developments will not exceed our estimate
(2)
(3)
Cost to date through June 30, 2023; projects are substantially complete. Additional spending may be incurred for residual cost and retainage. Exchange rates as of June 30, 2023
Based on midpoint of estimated NOI ROIC
14
(4)
Reflects midpoint of Management's estimated cost range to complete as of June 30, 2023
(5)
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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