Investor Presentaiton
ION
Expenses
Same Store Warehouse NOI Driven by Rental & Storage Revenue
Revenues
Rent & Storage
+
$0.45
Warehouse Services
$0.55
=
Total Warehouse
Commentary
$1.00
REIT: Rent & Storage
TRS: Warehouse Services
Power
Other
($0.06)
Facility ($0.10)
($0.06)
Power and utilities
($0.10)
Costs
Labor
($0.43)
($0.43)
Real Estate Related Costs: facility
maintenance, property taxes, insurance,
rent, security, sanitation, etc.
Direct labor, overtime, contract labor,
indirect labor, workers'
compensation and benefits
Other
Services
Costs
-
($0.11)
($0.11)
MHE (1), warehouse operations
(pallets, shrink wrap, OS&D and D&D (2))
PPE and warehouse administration
Margin:
$0.29
64%
$0.02
+
3%
=
||
$0.31
31%
WAREHOUSE
% WH Total: 94%
6%
100%
Note: Based on LTM same store warehouse segment as of June 30, 2023. Illustrative representation scaled to $1. Future results may vary. Figures may not sum due to rounding.
Material Handling Equipment
(1)
(2)
OS&D and D&D refer to Over Short & Damaged and Detentioned & Demurrage, respectively
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