americold operating system

And if not, I guess, how much does that just cut into rental rate growth that you would have received, but now you might receive less because they’re thinking about that as just higher revenue, and you’re thinking about it as covering expenses.Yes. Our core EBITDA margin decreased by 52 basis points to 20.8%. We honor them through our Americold Operating System, or AOS. This includes our customers, our shareholders and importantly, our associates. So the benefit of our diversified portfolio is it all kind of balances itself out in this multi variable supply chain. We’re not seeing major moves in those cost line items.Thank you. And we did it in the form of a onetime bonus. We broke ground in both locations in the second quarter, and we plan to deliver these facilities in 2022.

And expand our protein case, including our wallet share with one of the leading global protein producers. Our next question is coming from the line of Eric Frankel with Green Street Advisors.

As such, while our economic occupancy increased this quarter, our physical occupancy was impacted. Or did the other property exist?We’re not aware of another leased property. Definitely, I think, it shouldn’t be any surprise in the production shutdown for all over the news we talked about it last quarter. A quick clarification on development projects, it certainly sounds like you’re having success in re-leasing most of your development. So I think that shows we still have a lot of attractive opportunities in the pipeline and some we hope to break ground on and announce this year.And maybe a last one for me. I think what we proved this quarter is indeed the power of economic occupancy and our fixed commitment process. Maybe, we can just start off higher level. The performance bonus was that something you paid early in the quarter or later in the quarter as a reward or more of a pre incentive?

But if the same balance between food service and retail remains where it is, clearly, we get a little bit more of a benefit by larger retail volumes on the services side, not necessarily on the storage side. So we’re in line please remember that the back half of the year, as you look is – typically includes the volume associated with both Thanksgiving and the Christmas holidays, so it tends to be significantly greater volume. COVID-19 put this cliché on ice and has introduced us to unprecedented times and new normals, rocking business models to their core and forcing change where none was wanted.. So, good for our customers, good for our employees.Thank you. I’d say you have a combination of customers. At Americold, our temperature-controlled infrastructure and services help your favorite frozen treats get from where they’re produced to your freezer or neighborhood ice cream shop. Just to put a little more color around it, Manny. The definition has also been extended to include the common structure, principles and practices necessary to drive the organization. Please proceed with your questions.Yes. Our next question is coming from the line of Eric Frankel with Green Street Advisors. As we have previously stated, there remains uncertainty around the progress of individual States reopening and the impact to near-term and long-term consumer behavior.With respect to protein manufacturers, we saw some production plants temporarily closed during the second quarter, but all of since reopened. As Fred mentioned, in his prepared remarks, we expect the asset to be operating on a fully stabilized basis in Q1.Okay. A couple of things. For the second quarter, same-store global rent and storage revenue grew by 4.7% year-over-year. We remain on track to stabilize this facility in first quarter of 2021. A key to safety among employees is regular maintenance checks. Will people gather together, will there be as big things or will people eat remotely.So, those are things we’re looking at.

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