Assets classified as held for sale

9 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Assets classified as held for sale

As of September 30, 2024, we had nine properties aggregating 1.3 million RSF that were classified as held for sale in our

consolidated financial statements.

The disposal of properties classified as held for sale does not represent a strategic shift that has (or will have) a major effect

on our operations or financial results and therefore does not meet the criteria for classification as a discontinued operation. We cease

depreciation of our properties upon their classification as held for sale.

The following is a summary of net assets as of September 30, 2024 and December 31, 2023 for our real estate investments

that were classified as held for sale as of each respective date (in thousands):

	September 30, 2024	December 31, 2023
Total assets(1)	$280,631	$194,223
Total liabilities	(9,355)	(4,750)
Total accumulated other comprehensive income	1,421	1,960
Net assets classified as held for sale	$272,697	$191,433

(1)Balances as of September 30, 2024 and December 31, 2023 include investments in real estate aggregating $228.4 million and $185.4 million, respectively, classified in

investments in real estate in our consolidated balance sheets as of each respective date.

For additional information, refer to “Real estate sales” in Note 2 – “Summary of significant accounting policies” to our unaudited

consolidated financial statements.