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Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2025

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, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
US
401 Kentile, NJ			1			$	—		$	6,250		$	21,644		$	320		$	6,254		$	21,960		$	28,214		$	(3,242)		2014			2020
501 Kentile, NJ			1			—			6,440			46,094			1,854			7,585			46,803			54,388			(7,891)			1989			2020
601 Kentile, NJ			1			—			8,160			47,277			1,693			8,160			48,970			57,130			(7,421)			1999			2020
Albertville, AL			1			—			1,251			12,385			2,163			1,381			14,418			15,799			(8,180)			1993			2008
Allentown, PA			2			—			5,780			47,807			94,133			7,361			140,359			147,720			(33,990)			1976			2008
Amarillo, TX			1			—			871			4,473			2,021			960			6,405			7,365			(3,788)			1973			2008
Anaheim, CA			1			—			9,509			16,810			4,643			9,534			21,428			30,962			(13,767)			1965			2009
Appleton, WI			1			—			200			5,022			12,050			916			16,356			17,272			(7,978)			1989			2009
Atlanta - Empire, GA			1			—			1,610			11,866			(13,476)			—			—			—			—			1959			2020
Atlanta - Gateway, GA			2			—			3,271			35,226			48,805			5,129			82,173			87,302			(19,174)			1972, 2022, 2023			2008
Atlanta - Pleasantdale, GA			1			—			11,960			70,814			(78,487)			—			4,287			4,287			(2,403)			1963			2020
Atlanta - Skygate, GA			1			—			1,851			12,731			3,057			2,544			15,095			17,639			(7,191)			2001			2008
Atlanta - Southgate, GA			1			—			1,623			17,652			5,348			2,696			21,927			24,623			(10,862)			1996			2008
Atlanta - Tradewater, GA			1			—			—			36,966			17,190			8,491			45,665			54,156			(18,644)			2004			2008
Atlanta - Westgate, GA			1			—			2,270			24,659			2,595			3,419			26,105			29,524			(15,162)			1990			2008
Atlanta, GA - Corporate			—			—			—			365			45,427			—			45,792			45,792			(15,119)			1999/2014			2008
Augusta, GA			1			—			2,678			1,943			1,555			2,843			3,333			6,176			(2,427)			1971			2008
Babcock, WI			1			—			852			8,916			343			903			9,208			10,111			(4,357)			1999			2008
Baytown, TX			1			—			9,990			41,860			5			9,990			41,865			51,855			(1,106)			2022			2025
Belvidere-Imron, IL			1			—			2,000			11,989			8,604			3,207			19,386			22,593			(9,765)			1991			2009
Belvidere-Landmark, IL (Cross Dock)			1			—			1			2,117			527			5			2,640			2,645			(2,425)			1991			2009
Benson, NC			1			—			3,660			35,825			535			3,660			36,360			40,020			(8,630)			1997			2019
Benson Hodges, NC			1			—			—			1,198			1,660			10			2,848			2,858			(871)			1985			2020
Birmingham, AL			1			—			1,002			957			3,080			1,282			3,757			5,039			(1,944)			1963			2008
Brea, CA			1			—			4,645			5,891			1,253			4,776			7,013			11,789			(4,130)			1975			2009
Bridgewater, NJ			1			—			6,350			13,472			525			6,537			13,810			20,347			(2,509)			1979			2020
Brighton (Denver 2), CO			1			—			3,933			33,913			1,081			3,936			34,991			38,927			(4,459)			2021			2021
Brooklyn Park, MN			1			—			1,600			8,951			2,507			1,600			11,458			13,058			(6,667)			1986			2009
Burley, ID			2			—			—			16,136			6,058			219			21,975			22,194			(18,924)			1959			2008

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Burlington, WA			3			—			694			6,108			4,730			1,143			10,389			11,532			(5,759)			1965			2008
Carson, CA			1			—			9,100			13,731			2,274			9,152			15,953			25,105			(7,828)			2002			2009
Cartersville, GA			1			—			1,500			8,505			3,305			1,751			11,559			13,310			(6,106)			1996			2009
Carthage Warehouse Dist, MO			1			—			61,445			33,880			10,266			63,111			42,480			105,591			(28,051)			1972			2008
Chambersburg, PA			1			—			1,368			15,868			1,024			1,389			16,871			18,260			(4,551)			1994			2019
Charlotte, NC			1			—			—			1,160			573			—			1,733			1,733			(609)			1988			2020
Chesapeake, VA			1			—			2,740			13,452			20,405			3,001			33,596			36,597			(7,296)			1991			2019
Chillicothe, MO			1			—			670			44,905			430			670			45,335			46,005			(9,830)			1999			2019
City of Industry, CA			2			—			—			1,455			2,887			257			4,085			4,342			(3,970)			1962			2009
Clearfield, UT			2			—			3,687			36,514			10,853			3,810			47,244			51,054			(20,415)			1973			2008
Columbia, SC			1			—			768			1,429			1,542			904			2,835			3,739			(1,835)			1971			2008
Columbus, OH			1			—			2,440			38,939			7,365			2,908			45,836			48,744			(8,871)			1996			2019
Connell, WA			1			—			497			8,728			1,464			570			10,119			10,689			(5,780)			1969			2008
Dallas (Catron), TX			1			—			1,468			14,385			14,448			3,380			26,921			30,301			(13,380)			1994			2009
Delhi, LA			1			—			539			12,228			715			587			12,895			13,482			(10,348)			2010			2010
Dominguez Hills, CA			1			—			11,149			10,894			3,975			11,162			14,856			26,018			(7,934)			1989			2009
Douglas, GA			1			—			400			2,080			4,979			486			6,973			7,459			(2,790)			1969			2009
Dunkirk, NY			1			—			1,465			27,379			1,965			1,465			29,344			30,809			(3,884)			2022			2022
Eagan, MN			1			—			6,050			49,441			825			6,094			50,222			56,316			(10,895)			1964			2019
East Dubuque, IL			1			—			722			13,764			1,719			768			15,437			16,205			(7,094)			1993			2008
Fairfield, OH			1			—			1,880			20,849			882			1,880			21,731			23,611			(5,260)			1993			2019
Fairmont, MN			1			—			1,650			13,738			135			1,682			13,841			15,523			(3,141)			1968			2019
Fairmont City, IL			1			—			2,430			9,087			1,310			2,451			10,376			12,827			(1,790)			1971			2021
Forest, MS			1			—			—			733			1,753			10			2,476			2,486			(741)			1990			2020
Fort Dodge, IA			1			—			1,022			7,162			1,412			1,226			8,370			9,596			(4,847)			1979			2008
Fort Smith, AR			2			—			308			2,231			3,019			342			5,216			5,558			(2,536)			1958			2008
Fort Smith (Hwy 45), AR CL			1			—			2,245			51,998			1,004			2,906			52,341			55,247			(11,510)			1987			2019
Fremont, NE			1			—			629			3,109			6,738			691			9,785			10,476			(6,480)			1968			2008
Fort Worth-Blue Mound, TX			1			—			1,700			5,055			1,903			1,717			6,941			8,658			(3,374)			1995			2009

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Ft. Worth, TX (Meacham)			1			—			5,610			24,686			5,572			6,233			29,635			35,868			(16,130)			2005			2008
Ft. Worth, TX (Railhead)			1			—			1,857			8,536			2,447			2,175			10,665			12,840			(5,561)			1998			2008
Fort Worth-Samuels, TX			2			—			1,985			13,447			7,108			2,884			19,656			22,540			(10,715)			1977			2009
Gadsden, AL			1			—			100			9,820			(93)			388			9,439			9,827			(5,784)			1991			2013
Gaffney, SC			1			—			1,000			3,263			789			1,237			3,815			5,052			(2,112)			1995			2008
Gainesville, GA			1			—			400			5,704			2,122			434			7,792			8,226			(4,269)			1989			2009
Gainesville Candler, GA			1			—			716			3,258			1,523			799			4,698			5,497			(1,734)			1995			2019
Garden City, KS			1			—			446			4,721			3,316			446			8,037			8,483			(3,780)			1980			2008
Geneva Lakes, WI			1			—			1,579			36,020			5,426			2,660			40,365			43,025			(19,437)			1991			2009
Gloucester - Rogers, MA			1			—			1,683			3,675			8,163			1,835			11,686			13,521			(4,522)			1967			2008
Gloucester - Rowe, MA			1			—			1,146			2,833			14,423			1,766			16,636			18,402			(7,574)			1955			2008
Gouldsboro, PA			1			—			4,224			29,473			4,106			5,400			32,403			37,803			(15,261)			2006			2009
Goldsboro Commerce, PA			1			—			—			594			1,486			98			1,982			2,080			(642)			1995			2020
Grand Island, NE			1			—			430			6,542			5,175			530			11,617			12,147			(3,265)			1995			2008
Grand Prairie, TX			1			—			—			22			1,327			—			1,349			1,349			(161)			1981			2020
Green Bay, WI			2			—			—			2,028			25,244			8,594			18,678			27,272			(5,179)			1935			2009
Hatfield, PA			2			—			5,002			28,286			10,987			5,874			38,401			44,275			(22,104)			1983			2009
Hattiesburg, MS			1			—			—			486			472			13			945			958			(295)			1995			2020
Henderson, NV			2			—			9,043			14,415			5,342			9,080			19,720			28,800			(8,387)			1988			2009
Hermiston, OR			1			—			1,322			7,107			805			1,419			7,815			9,234			(4,294)			1975			2008
Houston, TX			1			—			1,454			10,084			2,203			1,531			12,210			13,741			(5,837)			1990			2009
Indianapolis, IN			4			—			1,897			18,991			30,061			4,516			46,433			50,949			(21,707)			1975			2008
Jefferson, WI			2			—			1,553			19,805			2,986			1,887			22,457			24,344			(13,004)			1975			2009
Johnson, AR			1			—			6,159			24,802			1,594			6,384			26,171			32,555			(8,018)			1955			2019
Kansas City, MO			1			—			—			117,848			—			—			117,848			117,848			(478)			2025			2025
Lakeville, MN			1			—			4,000			47,790			579			4,013			48,356			52,369			(10,925)			1970			2019
Lancaster, PA			1			—			2,203			15,670			1,651			2,371			17,153			19,524			(8,280)			1993			2009
LaPorte, TX			1			—			2,945			19,263			5,656			3,502			24,362			27,864			(12,213)			1990			2009
Le Mars, IA			1			—			1,000			12,596			1,618			1,100			14,114			15,214			(3,575)			1991			2019

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Lebanon, TN			1			—			—			883			935			—			1,818			1,818			(391)			1991			2020
Leesport, PA			1			—			1,206			14,112			13,222			1,867			26,673			28,540			(12,431)			1993			2008
Logan Township, NJ			1			—			5,040			26,749			3,484			5,095			30,178			35,273			(5,884)			2009, 2015			2021
Lowell, AR			1			—			2,610			31,984			485			2,912			32,167			35,079			(8,295)			1992			2019
Lula, GA			1			—			3,864			35,382			1,659			4,074			36,831			40,905			(9,853)			1996			2019
Lumberton, NC			1			—			—			981			1,834			10			2,805			2,815			(721)			1982			2020
Lynden, WA			5			—			1,420			8,590			3,454			1,615			11,849			13,464			(6,123)			1946			2009
Manchester, PA			1			—			3,838			36,621			4,200			5,082			39,577			44,659			(20,787)			1994			2008
Mansfield, TX			1			—			5,670			33,222			286			5,670			33,508			39,178			(6,403)			2018			2020
Marshall, MO			1			—			741			10,304			1,676			1,116			11,605			12,721			(6,039)			1985			2008
Massillon 17th, OH			2			—			175			15,322			1,687			640			16,544			17,184			(8,348)			2000			2008
Massillon Erie, OH			1			—			—			1,988			1,453			—			3,441			3,441			(2,882)			1984			2008
Middleboro, MA			1			—			404			15,031			198			441			15,192			15,633			(2,843)			2018			2018
Milwaukie, OR			2			—			2,473			8,112			2,770			2,552			10,803			13,355			(7,236)			1958			2008
Mobile, AL			1			—			10			3,203			1,904			24			5,093			5,117			(2,567)			1976			2009
Modesto, CA			6			—			2,428			19,594			7,944			3,146			26,820			29,966			(15,716)			1945			2009
Monmouth, IL			1			—			2,660			48,348			637			2,702			48,943			51,645			(9,246)			2014			2019
Montgomery, AL			1			—			850			7,746			1,731			1,437			8,890			10,327			(5,127)			1989			2013
Moses Lake, WA			1			—			575			11,046			4,370			1,321			14,670			15,991			(7,922)			1967			2008
Mountville, PA			1			—			—			69,409			6,626			—			76,035			76,035			(8,220)			2023			2023
Mullica Hill, NJ			1			—			6,030			27,266			302			6,081			27,517			33,598			(6,113)			1974			2020
Murfreesboro, TN			1			—			1,094			10,936			5,977			1,461			16,546			18,007			(9,400)			1982			2008
Nampa, ID			4			—			1,588			11,864			6,281			1,834			17,899			19,733			(10,056)			1946			2008
Napoleon, OH			1			—			2,340			57,677			549			2,350			58,216			60,566			(12,933)			1974			2019
New Ulm, MN			7			—			725			10,405			3,619			833			13,916			14,749			(6,784)			1984			2009
Newark, NJ			1			—			30,390			53,163			9,198			30,390			62,361			92,751			(9,417)			2012, 2015			2021
Newport, MN			1			—			3,383			19,877			1,479			3,744			20,995			24,739			(6,364)			1964			2020
North Little Rock, AR			1			—			1,680			12,841			11,174			1,876			23,819			25,695			(6,483)			1996			2019
Oklahoma City, OK			1			—			742			2,411			2,997			888			5,262			6,150			(2,638)			1968			2008

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Ontario, CA			3			—			14,673			3,632			30,902			14,777			34,430			49,207			(20,713)			1987(1)/1984(2)/1983(3)			2008
Ontario, OR			4			—			—			13,791			10,354			1,329			22,816			24,145			(19,243)			1962			2008
Oxford			1			—			1,820			10,083			706			1,828			10,781			12,609			(2,233)			1990			2020
Pasco, WA			1			—			557			15,809			852			638			16,580			17,218			(7,957)			1984			2008
Pedricktown, NJ			1			—			4,670			35,584			2,233			4,757			37,730			42,487			(7,553)			2008			2020
Pendergrass, GA			1			—			500			12,810			5,189			920			17,579			18,499			(10,314)			1993			2009
Perryville, MD			1			—			1,626			19,083			5,833			5,873			20,669			26,542			(4,678)			2007			2019
Phoenix2, AZ			1			—			3,182			11,312			445			3,226			11,713			14,939			(4,595)			2014			2014
Piedmont, SC			1			—			500			9,883			3,114			885			12,612			13,497			(7,026)			1981			2009
Piscataway 5 Access, NJ			1			—			—			3,952			—			—			3,952			3,952			(1,613)			2018			2020
Plover, WI			1			—			1,390			18,298			7,710			2,654			24,744			27,398			(14,273)			1981			2008
Portland, ME			1			—			305			2,402			1,458			385			3,780			4,165			(1,914)			1952			2008
Rochelle, IL (Americold Drive)			1			—			1,860			18,178			50,173			4,601			65,610			70,211			(21,428)			1995			2008
Rochelle, IL (Caron)			1			—			2,071			36,658			2,082			2,356			38,455			40,811			(20,249)			2004			2008
Rockmart			1			—			3,520			33,336			4,444			4,697			36,603			41,300			(7,569)			1991			2020
Russellville, AR - Valley			1			—			708			15,832			4,050			759			19,831			20,590			(9,748)			1995			2008
Russellville, AR - Cloverleaf (Rt. 324)			1			—			2,467			29,179			398			2,622			29,422			32,044			(7,267)			1993			2019
Russellville, AR - Elmira			1			—			1,369			50,749			4,308			1,561			54,865			56,426			(14,498)			1986, 2022, 2023			2008
Salem, OR			4			—			3,055			21,096			6,718			3,305			27,564			30,869			(16,345)			1963			2008
Salinas, CA			5			—			7,244			7,181			15,853			8,218			22,060			30,278			(11,898)			1958			2009
Salt Lake City, UT			1			—			—			22,481			15,116			485			37,112			37,597			(15,572)			1998			2010
San Antonio - HEB, TX			1			—			2,014			22,902			752			2,014			23,654			25,668			(10,459)			1982			2017
San Antonio, TX			3			—			1,894			11,101			4,796			2,329			15,462			17,791			(11,775)			1913			2009
Sanford, NC			1			—			3,110			34,104			1,575			3,291			35,498			38,789			(8,230)			1996			2019
Savannah, GA			1			—			20,715			10,456			5,343			22,866			13,648			36,514			(4,445)			2015			2019
Savannah 2, GA			1			—			3,002			37,571			3,290			3,174			40,689			43,863			(8,855)			2020			2020
Seabrook, NJ			1			—			3,370			19,958			1,555			3,015			21,868			24,883			(4,582)			2002, 2004, 2018			2021

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Sebree, KY			1			—			638			7,895			2,246			802			9,977			10,779			(4,514)			1998			2008
Sikeston, MO			1			—			258			11,936			3,470			2,350			13,314			15,664			(7,672)			1998			2009
Sioux City, IA-2640 Murray St			1			—			5,950			28,391			2,148			6,057			30,432			36,489			(8,022)			1990			2019
Sioux City, IA-2900 Murray St			1			—			3,070			56,336			1,888			3,070			58,224			61,294			(14,480)			1995			2019
Sioux Falls, SD			1			—			856			4,780			5,175			1,084			9,727			10,811			(6,296)			1972			2008
South Plainfield, NJ			1			—			5,360			20,874			3,039			6,578			22,695			29,273			(4,177)			1970 -1974			2020
Springdale, AR			1			—			844			10,754			2,420			931			13,087			14,018			(7,513)			1982			2008
St. Paul, MN			2			—			1,800			12,129			3,764			2,205			15,488			17,693			(7,836)			1970			2009
Strasburg, VA			1			—			1,551			15,038			2,871			2,001			17,459			19,460			(8,547)			1999			2008
Summerville			1			—			—			5,024			(5,022)			—			2			2			—			1999			2020
Sumter, SC			1			—			530			8,738			141			560			8,849			9,409			(3,048)			1979			2019
Syracuse, NY			2			—			2,177			20,056			7,750			2,420			27,563			29,983			(14,309)			1960			2008
Tacoma, WA			1			—			—			21,216			3,443			31			24,628			24,659			(11,688)			2010			2010
Tampa - Bartow, FL			1			—			—			2,451			915			89			3,277			3,366			(2,849)			1962			2008
Tampa Maple, FL			1			—			3,233			15,940			93			3,242			16,024			19,266			(3,156)			2017			2020
Tampa Plant City, FL			2			—			1,333			11,836			2,154			1,399			13,924			15,323			(6,948)			1987			2009
Tarboro, NC			1			—			1,078			9,586			1,584			1,225			11,023			12,248			(5,541)			1988			2008
Taunton, MA			1			—			1,477			14,159			2,147			1,769			16,014			17,783			(7,587)			1999			2009
Texarkana, AR			1			—			842			11,169			2,017			921			13,107			14,028			(6,588)			1992			2008
Tomah, WI			1			—			886			10,715			973			1,038			11,536			12,574			(6,319)			1989			2008
Turlock, CA (#1)			2			—			944			4,056			1,307			967			5,340			6,307			(2,837)			1995			2008
Turlock, CA (#2)			1			—			3,091			7,004			4,259			3,205			11,149			14,354			(5,572)			1985			2008
Vernon 2, CA			1			—			8,100			13,490			6,485			8,112			19,963			28,075			(12,185)			1965			2009
Victorville, CA			1			—			2,810			22,811			4,524			2,826			27,319			30,145			(12,347)			2004			2008
Vineland, NJ			1			—			9,580			68,734			10,625			9,580			79,359			88,939			(12,685)			1998, 2000, 2015, 2016, 2017			2020
Vineland, NJ (North Mill)			3			—			4,386			13,019			766			4,777			13,394			18,171			(924)			1975,1992,1996,2021			2023
Walla Walla, WA			2			—			215			4,693			811			159			5,560			5,719			(3,866)			1960			2008
Wallula, WA			1			—			690			2,645			968			788			3,515			4,303			(1,885)			1982			2008

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Watsonville, CA			1			—			—			8,138			2,367			21			10,484			10,505			(8,857)			1984			2008
West Memphis, AR			1			—			1,460			12,300			4,090			2,802			15,048			17,850			(8,790)			1985			2008
Wichita, KS			1			—			1,297			4,717			2,455			1,432			7,037			8,469			(4,236)			1972			2008
Woodburn, OR			1			—			1,552			9,860			5,373			1,632			15,153			16,785			(7,268)			1952			2008
York-Willow Springs, PA			1			—			1,300			7,351			1,144			1,416			8,379			9,795			(4,626)			1987			2009
Zumbrota, MN			3			—			800			10,360			2,712			1,121			12,751			13,872			(6,290)			1996			2009
Canada
Brampton			1			—			27,522			53,379			(2,305)			26,491			52,105			78,596			(11,751)			2004			2020
Calgary			1			—			5,240			36,392			7,728			5,945			43,415			49,360			(9,580)			2009			2020
Halifax Dartmouth			1			—			2,052			14,904			(506)			1,984			14,466			16,450			(2,680)			2013			2020
London			1			—			1,431			11,340			404			1,321			11,854			13,175			(1,753)			1982			2021
Mississauga Surveyor			1			—			—			245			1,540			—			1,785			1,785			(400)			1972, 1992			2021
Australia
Arndell Park			2			—			13,489			29,428			1,993			11,722			33,188			44,910			(16,205)			1989/1994			2009
Brisbane - Hemmant			1			—			9,738			10,072			(543)			8,028			11,239			19,267			(1,939)			1996			2020
Brisbane - Lytton			1			—			19,575			28,920			(2,740)			16,933			28,822			45,755			(4,665)			1966			2021
Burton			—			—			—			1,160			—			—			1,160			1,160			(164)			—			—
Laverton			2			—			13,689			28,252			9,777			11,405			40,313			51,718			(17,531)			1997/1998			2009
Murarrie			3			—			10,891			18,975			(773)			9,135			19,958			29,093			(9,626)			1972/2003			2009
Prospect/ASC Corporate			2			—			—			1,187			53,364			8,234			46,317			54,551			(8,130)			1985			2009
Spearwood			1			—			7,194			10,990			13,193			6,016			25,361			31,377			(7,375)			1978			2009
Wivenhoe - Tasmania			1			—			994			8,218			1,543			807			9,948			10,755			(1,153)			1998/2013			2022
Ormeau			1			—			3,379			14,551			1,972			3,551			16,351			19,902			(1,301)			2003			2023
New Zealand
Dalgety			1			—			6,047			5,531			29,101			5,379			35,300			40,679			(11,214)			1988			2009
Diversey			1			—			2,357			5,966			1,332			2,097			7,558			9,655			(3,042)			1988			2009
Halwyn Dr			1			—			5,227			3,399			23,309			4,649			27,286			31,935			(2,220)			1992			2009
Mako Mako			1			—			1,332			3,810			475			1,245			4,372			5,617			(1,885)			2000			2009
Paisley			2			—			8,495			5,295			(5,318)			4,906			3,566			8,472			(1,086)			1984			2009
Smarts Rd			1			—			2,442			5,750			258			2,239			6,211			8,450			(1,455)			1984			2022

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Argentina
Mercado Central - Buenos Aires, ARG			1			—			—			4,984			75			—			5,059			5,059			(5,107)			1996/1999			2009
Pilar - Buenos Aires, ARG			1			—			706			2,586			(309)			633			2,350			2,983			(2,579)			2000			2009
Netherlands
Barneveld			2			—			15,410			27,472			60			14,842			28,100			42,942			(4,280)			1986, 1995			2020
Urk			2			—			7,100			31,014			(838)			6,788			30,488			37,276			(5,539)			1994, 2001			2020
Maasvlakte - Rotterdam			1			—			540			15,746			1,335			831			16,790			17,621			(4,205)			2016			2020
Westland - Rotterdam			1			—			20,911			26,635			(22,942)			16,087			8,517			24,604			—			1976, 1974, 2007, 2016			2020
Austria
Vienna			1			—			280			26,515			(397)			269			26,129			26,398			(4,433)			1979			2020
Ireland
Castleblayney			2			—			6,170			22,244			1,484			5,961			23,937			29,898			(3,922)			1976, 1994			2020
Dublin			1			—			6,163			29,179			15,925			9,333			41,934			51,267			(5,499)			2018, 2022			2020
Portugal
Lisbon			2			—			13,794			46,877			5,175			13,312			52,534			65,846			(9,652)			1993			2020
Sines			1			—			130			2,311			(71)			—			2,370			2,370			(324)			2016			2020
Spain
Algeciras			1			—			101			11,948			1,374			116			13,307			13,423			(2,630)			1978			2020
Barcelona			2			—			16,340			35,247			11,480			15,719			47,348			63,067			(8,767)			1989, 2008, 2022			2020
Valencia			1			—			170			10,932			943			163			11,882			12,045			(1,936)			2005			2020
Poland
Gdynia			2			—			10,329			4,167			3,838			12,528			5,806			18,334			(1,010)			2015, 2022, 2023			2020
Great Britain
Spalding - Bowman			1			—			5,916			32,815			(6,115)			4,456			28,160			32,616			(3,768)			2011, 2017			2020
Whitchurch			1			—			7,750			74,185			13,301			9,025			86,211			95,236			(16,630)			2014			2020
Northern Ireland
Lurgan			2			—			3,390			7,992			1,386			2,040			10,728			12,768			(2,326)			1985, 1986			2020
Total						—			766,037			3,886,833			985,047			818,606			4,819,311			5,637,917			(1,594,648)

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Land, buildings, and improvements in the assets under construction balance as of December 31, 2025.
US
401 Kentile, NJ						—			—			—			—			—			246			246
501 Kentile, NJ						—			—			—			—			—			240			240
601 Kentile, NJ						—			—			—			—			—			388			388
Albertville, AL						—			—			—			—			—			97			97
Allentown, PA						—			—			—			—			—			4,954			4,954
Amarillo, TX						—			—			—			—			—			89			89
Anaheim, CA						—			—			—			—			—			35			35
Appleton, WI						—			—			—			—			—			110			110
Atlanta - Gateway, GA						—			—			—			—			—			6,617			6,617
Atlanta - Skygate, GA						—			—			—			—			—			(14)			(14)
Atlanta - Southgate, GA						—			—			—			—			—			541			541
Atlanta - Tradewater, GA						—			—			—			—			—			6,166			6,166
Atlanta - Westgate, GA						—			—			—			—			—			406			406
Atlanta, GA - Corporate						—			—			—			—			—			7,730			7,730
Augusta, GA						—			—			—			—			—			1,305			1,305
Babcock, WI						—			—			—			—			—			159			159
Baytown, TX						—			—			—			—			—			7,353			7,353
Belvidere-Imron, IL						—			—			—			—			—			638			638
Belvidere-Landmark, IL (Cross Dock)						—			—			—			—			—			64			64
Benson, NC						—			—			—			—			—			799			799
Benson Hodges, NC						—			—			—			—			—			36			36
Birmingham, AL						—			—			—			—			—			42			42
Brea, CA						—			—			—			—			—			4,723			4,723
Bridgewater, NJ						—			—			—			—			—			38			38
Fort Worth-Blue Mound, TX						—			—			—			—			—			78,440			78,440
Brighton (Denver 2), CO						—			—			—			—			—			3,597			3,597
Brooklyn Park, MN						—			—			—			—			—			982			982
Burley, ID						—			—			—			—			—			596			596
Burlington, WA						—			—			—			—			—			3,467			3,467

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Carson, CA						—			—			—			—			—			2,255			2,255
Cartersville, GA						—			—			—			—			—			(9)			(9)
Carthage Warehouse Dist, MO						—			—			—			—			—			1,138			1,138
Chambersburg, PA						—			—			—			—			—			1,149			1,149
Charlotte, NC						—			—			—			—			—			178			178
Chesapeake, VA						—			—			—			—			—			201			201
Chillicothe, MO						—			—			—			—			—			194			194
Clearfield, UT						—			—			—			—			—			708			708
Columbia, SC						—			—			—			—			—			(74)			(74)
Columbus, OH						—			—			—			—			—			305			305
Connell, WA						—			—			—			—			—			2,832			2,832
Dallas (Catron), TX						—			—			—			—			—			334			334
Delhi, LA						—			—			—			—			—			85			85
Dominguez Hills, CA						—			—			—			—			—			3,680			3,680
Douglas, GA						—			—			—			—			—			462			462
Dunkirk, NY						—			—			—			—			—			424			424
Eagan, MN						—			—			—			—			—			402			402
East Dubuque, IL						—			—			—			—			—			85			85
Fairfield, OH						—			—			—			—			—			1,020			1,020
Fairmont, MN						—			—			—			—			—			84			84
Fairmont City, IL						—			—			—			—			—			996			996
Forest, MS						—			—			—			—			—			209			209
Fort Dodge, IA						—			—			—			—			—			487			487
Fort Smith, AR						—			—			—			—			—			3,536			3,536
Fort Smith (Hwy 45), AR CL						—			—			—			—			—			4,213			4,213
Fort Worth-Samuels, TX						—			—			—			—			—			959			959
Fremont, NE						—			—			—			—			—			6			6
Ft. Worth, TX (Meacham)						—			—			—			—			—			632			632
Ft. Worth, TX (Railhead)						—			—			—			—			—			66			66
Gadsden, AL						—			—			—			—			—			208			208
Gaffney, SC						—			—			—			—			—			43			43
Gainesville, GA						—			—			—			—			—			3,210			3,210
Gainesville Candler, GA						—			—			—			—			—			344			344

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Garden City, KS						—			—			—			—			—			49			49
Geneva Lakes, WI						—			—			—			—			—			1,560			1,560
Gloucester - Rogers, MA						—			—			—			—			—			572			572
Gloucester - Rowe, MA						—			—			—			—			—			1,036			1,036
Goldsboro Commerce, PA						—			—			—			—			—			492			492
Gouldsboro, PA						—			—			—			—			—			2,110			2,110
Grand Island, NE						—			—			—			—			—			1,611			1,611
Grand Prairie, TX						—			—			—			—			—			509			509
Green Bay, WI						—			—			—			—			—			1,903			1,903
Hatfield, PA						—			—			—			—			—			850			850
Henderson, NV						—			—			—			—			—			1,444			1,444
Hermiston, OR						—			—			—			—			—			(58)			(58)
Houston, TX						—			—			—			—			—			91			91
Indianapolis, IN						—			—			—			—			—			11,134			11,134
Industry, CA						—			—			—			—			—			69			69
Jefferson, WI						—			—			—			—			—			2,235			2,235
Johnson, AR						—			—			—			—			—			915			915
Kansas City, MO						—			—			—			—			—			628			628
Lakeville, MN						—			—			—			—			—			626			626
Lancaster, PA						—			—			—			—			—			133			133
LaPorte, TX						—			—			—			—			—			7,658			7,658
Le Mars, IA						—			—			—			—			—			50			50
Lebanon, TN						—			—			—			—			—			292			292
Leesport, PA						—			—			—			—			—			601			601
Logan Township, NJ						—			—			—			—			—			709			709
Lowell, AR						—			—			—			—			—			325			325
Lula, GA						—			—			—			—			—			755			755
Lumberton, NC						—			—			—			—			—			1,113			1,113
Lynden, WA						—			—			—			—			—			611			611
Manchester, PA						—			—			—			—			—			1,712			1,712
Mansfield, TX						—			—			—			—			—			149			149
Marshall, MO						—			—			—			—			—			411			411
Massillon 17th, OH						—			—			—			—			—			47			47

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Massillon Erie, OH						—			—			—			—			—			(35)			(35)
Middleboro, MA						—			—			—			—			—			350			350
Milwaukie, OR						—			—			—			—			—			272			272
Mobile, AL						—			—			—			—			—			477			477
Modesto, CA						—			—			—			—			—			3,432			3,432
Monmouth, IL						—			—			—			—			—			2			2
Montgomery, AL						—			—			—			—			—			457			457
Moses Lake, WA						—			—			—			—			—			691			691
Mountville, PA						—			—			—			—			—			120,376			120,376
Mullica Hill. NJ						—			—			—			—			—			277			277
Murfreesboro, TN						—			—			—			—			—			3,971			3,971
Nampa, ID						—			—			—			—			—			2,182			2,182
Napoleon, OH						—			—			—			—			—			524			524
New Ulm, MN						—			—			—			—			—			1,860			1,860
Newark, NJ						—			—			—			—			—			161			161
Newport, MN						—			—			—			—			—			428			428
North Little Rock, AR						—			—			—			—			—			25			25
Oklahoma City, OK						—			—			—			—			—			127			127
Ontario, OR						—			—			—			—			—			554			554
Ontario, CA						—			—			—			—			—			1,066			1,066
Oxford						—			—			—			—			—			1,148			1,148
Pasco, WA						—			—			—			—			—			101			101
Pedricktown, NJ						—			—			—			—			—			1,013			1,013
Pendergrass, GA						—			—			—			—			—			269			269
Perryville, MD						—			—			—			—			—			62			62
Phoenix2, AZ						—			—			—			—			—			8			8
Piedmont, SC						—			—			—			—			—			447			447
Piscataway 120, NJ						—			—			—			—			—			20			20
Plainville, CT						—			—			—			—			—			217,443			217,443
Plover, WI						—			—			—			—			—			261			261
Portland, ME						—			—			—			—			—			378			378
Rochelle, IL (Americold Drive)						—			—			—			—			—			15,401			15,401
Rochelle, IL (Caron)						—			—			—			—			—			278			278

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Rockmart						—			—			—			—			—			84			84
Russellville, AR - Elmira						—			—			—			—			—			4,604			4,604
Salem, OR						—			—			—			—			—			5,250			5,250
Salinas, CA						—			—			—			—			—			406			406
San Antonio, TX						—			—			—			—			—			800			800
Sanford, NC						—			—			—			—			—			423			423
Savannah, GA						—			—			—			—			—			42			42
Savannah 2, GA						—			—			—			—			—			251			251
Savannah Pooler, GA						—			—			—			—			—			422			422
Seabrook, NJ						—			—			—			—			—			153			153
Sebree, KY						—			—			—			—			—			286			286
Sikeston, MO						—			—			—			—			—			1,002			1,002
Sioux City, IA-2640 Murray St						—			—			—			—			—			1,096			1,096
Sioux City, IA-2900 Murray St						—			—			—			—			—			636			636
Sioux Falls, SD						—			—			—			—			—			259			259
South Plainfield, NJ						—			—			—			—			—			80			80
Springdale, AR						—			—			—			—			—			950			950
St. Paul, MN						—			—			—			—			—			1,739			1,739
Strasburg, VA						—			—			—			—			—			160			160
Suffield, CT						—			—			—			—			—			3,170			3,170
Summerville						—			—			—			—			—			31			31
Syracuse, NY						—			—			—			—			—			3,513			3,513
Tacoma, WA						—			—			—			—			—			562			562
Tampa Bartow, FL						—			—			—			—			—			127			127
Tampa Maple, FL						—			—			—			—			—			708			708
Tampa Plant City, FL						—			—			—			—			—			641			641
Tarboro, NC						—			—			—			—			—			161			161
Taunton, MA						—			—			—			—			—			4,424			4,424
Texarkana, AR						—			—			—			—			—			125			125
Tomah, WI						—			—			—			—			—			226			226
Turlock, CA (#1)						—			—			—			—			—			76			76
Turlock, CA (#2)						—			—			—			—			—			1,988			1,988
Vernon 2, CA						—			—			—			—			—			884			884

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Victorville, CA						—			—			—			—			—			(56)			(56)
Vineland, NJ						—			—			—			—			—			1,015			1,015
Vineland, NJ (North Mill)						—			—			—			—			—			11,716			11,716
Walla Walla, WA						—			—			—			—			—			1,192			1,192
Wallula, WA						—			—			—			—			—			736			736
Watsonville, CA						—			—			—			—			—			241			241
West Memphis, AR						—			—			—			—			—			223			223
Wichita, KS						—			—			—			—			—			126			126
Woodburn, OR						—			—			—			—			—			569			569
York-Willow Springs, PA						—			—			—			—			—			974			974
Zumbrota, MN						—			—			—			—			—			913			913
Canada
Calgary						—			—			—			—			—			25			25
Brampton						—			—			—			—			—			268			268
Halifax - Dartmouth						—			—			—			—			—			15			15
London						—			—			—			—			—			210			210
Mississauga Surveyor						—			—			—			—			—			314			314
Port St. John						—			—			—			—			—			49,464			49,464
Australia
Arndell Park						—			—			—			—			—			161			161
Brisbane - Hemmant						—			—			—			—			—			1,332			1,332
Laverton						—			—			—			—			—			230			230
Murarrie						—			—			—			—			—			353			353
Prospect/ASC Corporate						—			—			—			—			—			1,424			1,424
Spearwood						—			—			—			—			—			128			128
Wivenhoe - Tasmania						—			—			—			—			—			447			447
Ormeau						—			—			—			—			—			616			616
New Zealand
Dalgety						—			—			—			—			—			3			3
Diversey						—			—			—			—			—			546			546
Halwyn Dr						—			—			—			—			—			651			651
Mako Mako						—			—			—			—			—			185			185
Paisley						—			—			—			—			—			1,514			1,514

									Initial Costs									Gross amount at which carried as of December 31, 2025
Property			Buildings			Encumbrances			Land			Buildings and Improvements			Costs Capitalized Subsequent to Acquisition (3)			Land			Buildings and Improvements (2)			Total (4) (6) (7)			Accumulated Depreciation (1) (5) (6) (7)			Date of Construction			Date of Acquisition
Smarts Rd						—			—			—			—			—			502			502
Europe
Barneveld, Netherlands						—			—			—			—			—			685			685
Urk, Netherlands						—			—			—			—			—			8,171			8,171
Monaghan, Ireland						—			—			—			—			—			57			57
Castleblayney, Ireland						—			—			—			—			—			171			171
Lisbon, Portugal						—			—			—			—			—			2,553			2,553
Valencia, Spain						—			—			—			—			—			71			71
Barcelona, Spain						—			—			—			—			—			637			637
Witchurch, UK						—			—			—			—			—			1,384			1,384
Gdansk, Poland						—			—			—			—			—			1,260			1,260
Total in assets under construction						—			—			—			—			—			702,879			702,879			—
Total assets						$	—		$	766,037		$	3,886,833		$	985,047		$	818,606		$	5,522,190		$	6,340,796		$	(1,594,648)

Schedule III – Footnotes

(1)Reconciliation of total accumulated depreciation to consolidated balance sheet caption as of December 31, 2025:
Total per Schedule III																		$	(1,594,648)
Accumulated depreciation on investments in non-real estate assets																		(1,046,593)
Total accumulated depreciation per consolidated balance sheet (property, buildings and equipment)																		$	(2,641,241)
(2)Reconciliation of total Buildings and improvements to consolidated balance sheet as of December 31, 2025:
Building and improvements per consolidated balance sheet																		$	4,798,286
Building and improvements financing leases																		21,025
Assets under construction per consolidated balance sheet																		756,798
Less: personal property assets under construction																		(53,919)
Total per Schedule III																		$	5,522,190
(3)Amount includes the cumulative impact of foreign currency translation and the effect of any asset disposals, and impairments.
(4)The aggregate cost for Federal tax purposes at December 31, 2025 of our real estate assets was approximately $5.1 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:
						2025						2024						2023
Real Estate Facilities, at Cost:						(In thousands)
			Beginning Balance			$	6,636,191					$	6,559,755					$	6,261,663
			Capital expenditures to Maintain Real Estate Facilities			270,717						183,986						231,984
			Acquisitions			61,970						—						44,911
			Capital expenditures for Expansion and Development			388,516						—						—
			Disposition			(193,325)						(9,399)						(6,829)
			Impairment			(41,047)						(20,985)						—
			Conversion of leased assets to owned			—						—						301
			Impact of foreign exchange rate changes			102,104						(77,166)						27,725
			Ending Balance			7,225,126						6,636,191						6,559,755
Accumulated Depreciation:
			Beginning Balance			(1,882,671)						(1,693,983)						(1,470,179)
			Depreciation expense			(231,253)						(211,061)						(215,731)
			Dispositions			40,814						5,621						1,037
			Impact of foreign exchange rate changes			(17,870)						16,752						(9,110)
			Ending Balance			(2,090,980)						(1,882,671)						(1,693,983)
Total Real Estate Facilities, Net at December 31						$	5,134,146					$	4,753,520					$	4,865,772

The total real estate facilities amounts in the table above include $54.0 million, $108.0 million and $147.0 million of assets under sale-leaseback agreements accounted for as a financing as of December 31, 2025, 2024 and 2023, respectively. The Company does not hold title in these assets under sale-leaseback agreements. As of December 31, 2025 the Company has three facilities classified as held for sale within Property, buildings, and equipment – net.

(7)Reconciliation of the Company’s real estate activity and accumulated depreciation for the year ended December 31, 2025 to Schedule III:
Total real estate facilities gross amount per Schedule III															$	6,340,796
Plus: Refrigeration equipment															884,330
Real estate facilities, at cost - ending balance															$	7,225,126
Accumulated depreciation per Schedule III															$	1,594,648
Plus: Refrigeration equipment															496,332
Accumulated depreciation - ending balance															$	2,090,980

X

- References

No definition available.

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X

- Definition

The entire disclosure of real estate investments and associated accumulated depreciation for entities with a significant portion of their business acquiring and holding investment real estate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 28
-Publisher SEC

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 970
-SubTopic 360
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-28)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478979/970-360-S99-1

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