We've even seen stories with some of the food service guys shipping both chicken and beef products and that type of thing to grocers. At our major market project in Atlanta, we have remained on plan with construction, and the demand pipeline remains strong.

Based in Atlanta, Georgia, Americold owns and operates 176 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina. Just when you look at the overall guidance altogether, you had your current income tax expense come down, to actually have kind of the deferred piece come up in that range, which is an offset on overall taxes, so that factors in, as well as some of the FX headwinds.

Again, we might see spot short-term shortages, if you will, in terms of throughput happening.But I think this executive order gets everybody back to work and I don't think we'll really feel it.The other thing I want to say when we talk about these percentages, often that business is spread across multiple sites and supporting multiple manufacturing nodes. Strong same-store revenue. That's very little, not that there, but very little.

And then any comments on the poultry side of things? Actually, there's 30 days of supply of inventory at all four nodes. The supply chain and infrastructure requirements to get product to these stores remains unchanged.

On the spot borrowing costs, as you saw, we actually did refinance our overall credit facility in the quarter, and we're able to actually tighten our overall credit spread by five basis points. We are proud of our customer service during this COVID-19 pandemic.Corporate SG&A totaled $37 million for the first quarter of 2020, as compared to $31 million for the comparable prior-year quarter. On today's call, management's prepared remarks and answers to your questions may contain forward-looking statements.Forward-looking statements address matters that are subject to risks and uncertainties that may cause actual results to differ from those discussed today. If I had that answer, I'd -- yes.Well, I just -- I mean, you mentioned that 30-day supply across the supply chain a couple of times. Major market distribution centers are supplied by production advantage sites, which are usually either attached or adjacent to food manufacturing facilities. And one of the things, I think more of the news has been around the beef and pork sites that have seen higher instances to COVID. It will probably be more even-keeled and even-paced.We expect retail to be up at least for the next several months because we still think that retail will get a predominance of the buy versus pre-COVID.

Please proceed with your question.Hey, guys. Let me now make a few points to provide further detail on our first-quarter activity.

Every part of our infrastructure was passed with excess activity to replenish these various notes in the supply chain.Food service products are now sitting longer because of reduced demand, but we are still preserving products and collecting the associated rent and storage fees. We view this as an opportunity as we bring these acquisitions onto Americold's commercialization standards.

And then that next week, nobody is shopping, right, because they already stocked up.

You talked about the throughput volume leveling off, but still higher than pre-COVID levels.So I'm assuming that means higher than last year. There are manufacturers customers.So we ship products to Cisco and U.S. Foods. This created a ripple effect as the retail distribution center surged to replenish the stores.

For the first quarter of 2020, our same-store global warehouse segment revenue was $292 million, which reflects growth of 5% year over year and 6.8% on a constant currency basis.Same-store global warehouse NOI was $97 million, which reflects growth of 9.8% year over year and 11.1% on a constant-currency basis.

Please proceed with your question.Thanks for all the details on the quarter and the last couple of weeks.

During this call, we will discuss certain non-GAAP financial measures.More information about these non-GAAP financial measures and reconciliations to the comparable GAAP financial measures is contained in the supplemental information package available on the company's website.

Thanks.

When we go into a fourth quarter, we're building up for the season, we have to bring in temporary workers, that type of thing to be able to support the business. During the quarter, we completed the refinancing of our unsecured credit facility as we expanded its capacity to USD 1.225 billion and CAD 250 million.We also tightened the credit spread on the revolver and term loan by five basis points and enhanced our flexibility by improving financial covenants and extending final maturity on this facility until 2025. Our incredibly large, diverse portfolio spread across multiple locations, multiple customers, facility types, product types, and notes in the supply chain enables us to minimize its volatility driven by specific commodity disruption. On the service side, I'm not sure, but you really touched on labor. Our same-store global rent and storage NOI grew by 6.2% year over year or 7.3% on a constant currency basis.Same-store global rent and storage NOI margin increased 117 basis points to 68.8%. Now let me update you on our development and acquisition activity.We spent $30 million in the first quarter on expansion and development capital, mostly related to spending at our Atlanta major market expansion and our Savannah, Georgia new build.

There's a lot of talk in the market about growth of grocery e-commerce and the implications for temperature-controlled infrastructure.While we expect to see strong growth in e-commerce, that doesn't necessarily translate to outsized growth in the infrastructure to support it.

But there's just a lot that can happen with the way that these state reopen plans occur and with the consumer consumption habits that we just can't predict right now.

So as long as we're in the stayed home environment, you're going to continue to see pretty strong activity through your system?Well, sure. The product is blown across all those protein categories. I think the other thing to remember is we're maybe an industrial landlord, for example, might be more impacted by that because whoever they're leasing it to may have ceased manufacturing operations, their processing operations or distribution, depending on who they were.