Interest Rate Risk Our future income and cash flows relevant to financial instruments are dependent upon prevalent market interest rates. Market risk refers to the risk of loss from adverse changes in market prices and interest rates. 72 Table of Contents As of June 30, 2026, we had C$350.0 million of outstanding CAD-denominated variable-rate debt under the Senior Unsecured Term Loan Facility. This term loan bears interest at daily CORRA and is subject to a contractual margin of 0.90%. Of this amount, C$250.0 million is hedged by an interest rate swap that effectively locks the floating rate at 4.49%, while the remaining C$100.0 million is unhedged. As of June 30, 2026, the daily CORRA rate for the unhedged C$100 million portion of the Tranche A-2 was 2.28%. As of June 30, 2026, we had $645.0 million of outstanding USD-denominated variable-rate debt under the Senior Unsecured Term Loan Facility (excluding the 2025 Unsecured Term Loan). During the three months ended June 30, 2026, interest rate swap agreements associated with these term loans were terminated. These term loans bear interest at adjusted one-month SOFR (which includes an adjustment of 0.10%). These rates are also subject to contractual margins of 0.95%. As of June 30, 2026, the adjusted one-month SOFR rate for both the Tranche A-1 and the Delayed Draw Tranche A-3 was 3.74% (which includes an adjustment of 0.10%). As of June 30, 2026, we had $250.0 million of outstanding USD-denominated variable-rate debt for the 2025 Unsecured Term Loan. The 2025 Unsecured Term Loan is unhedged and bears interest at daily SOFR, which was approximately 3.62% at June 30, 2026, and is subject to a contractual margin of 0.95%. As of June 30, 2026, we had A$230.0 million of outstanding AUD-denominated variable-rate debt for the AUD Term Loan Facility. The AUD Term Loan Facility is unhedged and bears interest at one-month BBSW, which was approximately 4.35% at June 30, 2026, and is subject to a contractual margin of 0.90%. Additionally, as of June 30, 2026, we had $305.0 million, C$22.0 million, €70.5 million, and NZ$88.5 million outstanding of Senior Unsecured Revolving Credit Facility draws. At June 30, 2026, daily SOFR (USD) was approximately 3.62%, daily CORRA (CAD) was approximately 2.32%, one-month EURIBOR (Euro) was approximately 2.18%, and one-month BKBM (NZD) was approximately 2.59%. These rates are also subject to contractual margins of 0.80%. The interest rate paid on borrowings can never drop below 0.0%. A 100 basis point increase in market interest rates would result in an increase in annual interest expense to service our variable-rate debt of approximately $15.8 million, and a 100 basis point decrease in market interest rates would result in a decrease in annual interest expense of approximately $15.8 million. Our interest rate risk exposure at June 30, 2026 was not materially different than what we disclosed in our 2025 Annual Report on Form 10-K as filed with the SEC. Foreign Currency Risk As it relates to the currency of countries where we own and operate warehouse facilities and provide logistics services, our foreign currency risk exposure at June 30, 2026 was not materially different than what we disclosed in our 2025 Annual Report on Form 10-K as filed with the SEC. The information concerning foreign currency risk in Item 7A under the caption “Quantitative and Qualitative Disclosures About Market Risk” of our 2025 Annual Report on Form 10-K, is hereby incorporated by reference in this Quarterly Report on Form 10-Q. 73 Table of Contents