Successful IPO and Financial Strength
Executed the largest IPO of the year and the largest REIT IPO of all time, reducing leverage to under 5x and earning investment-grade ratings from Moody's and Fitch.
Growth in Key Financial Metrics
Achieved 4% adjusted EBITDA growth, 6% AFFO per share growth, and initiated a dividend at an annualized rate of $2.11 per share.
Operational Achievements
Maintained same warehouse physical occupancy at 78%, record new business wins, best-ever truck turn times, and best warehouse labor productivity in history.
Innovation and Recognition
Issued 100th patent, recognized on CNBC Disruptor 50 list for fourth consecutive year, Fortune's 2024 Change the World list, and Inc's 2024 Best in Business awards.
Strategic Developments and Acquisitions
Deployed $760 million in growth capital, including the opening of a state-of-the-art automated cold store in Hazleton, PA, and acquisition of ColdPoint Logistics.