Americold Realty

Americold Realty Trust, Inc. is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm's real estate portfolio. The Third-Party Managed segment manages warehouses on behalf of third parties and provides warehouse management services to food retailers and manufacturers in customer-owned facilities. The Transportation segment is involved in brokering and managing transportation of frozen and perishable food and other products. The Other segment includes ownership in a limestone quarry in Carthage, Missouri. The company was founded in 1931 and is headquartered in Atlanta, GA.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q3 2024

Earnings data Q4 2024

Americold Realty reports solid Q4 earnings, eyes growth opportunities

Americold Realty's strong performance in Q4 2022 was driven by revenue growth, improved customer service, and increased economic occupancy. The company faces challenges from lower throughput volumes and inflationary pressures but sees opportunities in ESG initiatives, global acquisitions integration, and tech investments. With a focus on enhancing occupancy and operational efficiencies, Americold aims for continued growth in 2023.

Americold Realty reports resilient Q1 performance amidst cybersecurity event

Americold Realty Trust demonstrated resilience in the face of a cybersecurity event, maintaining operational stability and customer focus.
Strong financial performance and raised guidance for 2023 reflect confidence in growth prospects and operational efficiency.
Strategic investments in cybersecurity, ESG initiatives, and partnerships position Americold for sustainable growth and market leadership.
Challenges from the cybersecurity event, bid-ask spreads, and operational optimizations present areas for continued focus and strategic planning.

Americold Realty Trust reports strong Q2 performance and outlines growth opportunities

Americold Realty Trust's Q2 2023 performance showcased record occupancy levels and successful pricing initiatives amid inflationary pressures.
The company's strengths lie in strong customer service, strategic development projects, and a commitment to ESG initiatives.
Challenges include cybersecurity impacts, throughput slowdown, and competition from automated operators, while opportunities include expansion plans and strategic partnerships.
Overall, Americold's performance reflects progress, with revised guidance addressing near-term challenges and a focus on sustainable growth.

Americold Realty (COLD) reports strong Q3 performance amidst throughput challenges

Americold Realty (COLD) delivered a strong performance in Q3 2023, driven by record occupancy levels and cost management efforts. Despite challenges from lower throughput, the company is optimistic about sequential improvement and opportunities for growth through expansion projects and strategic partnerships.

Americold Realty Trust reports record occupancy and growth in Q4

Americold Realty Trust's Q4 2023 earnings call highlighted strong performance, strategic partnerships, and community engagement. While facing challenges in throughput and occupancy, the company remains optimistic about growth opportunities and market demand, with a focus on operational efficiency and social responsibility.

Americold Realty Trust reports robust Q1 performance and eyes strategic growth opportunities

Americold Realty Trust's Q1 2024 performance reflects strong financial and operational growth driven by strategic initiatives.
The company's focus on customer service, pricing strategies, and sustainable growth bodes well for future performance.
Challenges include retail development ramp-up, achieving fixed commitment levels, and maintaining labor efficiency.
Opportunities lie in expansion projects, margin improvement, and aligning labor with throughput for sustained growth.

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Americold Realty Trust, Inc. (NYSE:COLD ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Kevin Reed - VP, IR George Chappelle - CEO Robert Chambers - President, Americas Jay Wells - CFO Conference Call Participants Nicholas Thillman - Baird Michael Mueller - J.P. Morgan Samir Khanal - Evercore ISI Vince Tibone - Green Street Josh Dennerlein - Bank of America Ki Bin Kim - Truist Securities Michael Carroll - RBC Capital Markets Todd Thomas - KeyBanc Capital Markets Blaine Heck - Wells Fargo Operator Greetings, and welcome to Americold Realty Trust Third Quarter 2024 Earnings Call.

Americold Realty Trust, Inc. (COLD) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Americold Realty Trust (COLD) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Americold Realty Trust (COLD) Q3 Earnings: A Look at Key Metrics

Americold Realty Trust Inc. (COLD) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.32 per share a year ago.

Americold Realty Trust Inc. (COLD) Q3 FFO and Revenues Lag Estimates

Get a deeper insight into the potential performance of Americold Realty Trust (COLD) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Gear Up for Americold Realty Trust (COLD) Q3 Earnings: Wall Street Estimates for Key Metrics

Lineage Inc

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Cold Storage REITs like Americold and Lineage are essential due to their role in reducing food spoilage and supporting the cold chain infrastructure. Key growth drivers include online grocery adoption, increased frozen food consumption, recovering margins, and consolidation opportunities, making Cold Storage REITs attractive investments. Despite operational challenges, COLD's management has navigated well, and the company is poised for strong AFFO growth, justifying an overweight position.

Essential Business Spotlight: Cold Storage

Americold Realty Trust (COLD) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Here is Why Growth Investors Should Buy Americold Realty Trust (COLD) Now

Americold Realty Trust (COLD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Americold Realty Trust (COLD) Upgraded to Buy: What Does It Mean for the Stock?

ATLANTA, GA., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), a global leader in temperature-controlled logistics real estate and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced that the Company will release third quarter 2024 financial results before the market opens on Thursday, November 7, 2024. A conference call will be held on Thursday, November 7, 2024 at 8:00 a.m. Eastern Time.

Americold Realty Trust, Inc. Sets Date for Third Quarter 2024 Earnings Release and Conference Call

ATLANTA, GA., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company” or “Americold”), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, announced today that its operating partnership, Americold Realty Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), has priced an underwritten public offering of $500 million of its 5.409% notes due September 12, 2034 (the “Notes”). The Notes, which were priced at 100% of their principal amount to yield 5.409% to maturity, will be fully and unconditionally guaranteed, jointly and severally (the “Guarantees” and, together with the Notes, the “Securities”), by each of the Company, Americold Realty Operations, Inc., a Delaware corporation and wholly-owned subsidiary of the Company and a limited partner of the Operating Partnership (the “Limited Partner”), and certain subsidiaries of the Operating Partnership (the “Subsidiary Guarantors” and, together with the Company and the Limited Partner, the “Guarantors”). The offering is expected to close on September 12, 2024, subject to customary closing conditions.

Americold Announces Pricing Terms for $500 Million Senior Unsecured Notes Offering

Cold storage facilities are specialized, capital intensive, and expensive, so REITs often avoid them. Americold Realty or COLD is a leading cold storage REIT that has seen significant growth since going public in 2018, but recent performance has slowed. Despite recent challenges, COLD has potential for valuation improvement or acquisition, offering opportunities for shareholder value.

Americold: 2 Likely Paths To Success For The Beaten REIT

Americold Realty Trust, Inc. (NYSE:COLD ) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET Company Participants Kevin Reed - VP, IR George Chappelle - CEO Rob Chambers - President, Americas Jay Wells - CFO Conference Call Participants Mike Mueller - J.P. Morgan Samir Khanal - Evercore ISI Josh Dennerlein - Bank of America Greg McGinnis - Scotiabank Michael Carroll - RBC Capital Markets Vince Tibone - Green Street Nick Thillman - Baird Ki Bin Kim - Truist Securities Craig Mailman - Citi Todd Thomas - KeyBanc Capital Markets Operator Greetings, and welcome to Americold Realty Trust Second Quarter 2024 Earnings Conference Call.

Americold Realty Trust, Inc. (COLD) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Americold Realty Trust (COLD) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Americold Realty Trust (COLD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Americold Realty Trust Inc. (COLD) came out with quarterly funds from operations (FFO) of $0.38 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.28 per share a year ago.

Americold Realty Trust Inc. (COLD) Q2 FFO Top Estimates

Beyond analysts' top -and-bottom-line estimates for Americold Realty Trust (COLD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

Unlocking Q2 Potential of Americold Realty Trust (COLD): Exploring Wall Street Estimates for Key Metrics

ATLANTA, GA., July 11, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced that the Company will release second quarter 2024 financial results before market opens on Thursday, August 8, 2024. A conference call will be held on Thursday, August 8, 2024 at 8:00 a.m. Eastern Time.

Americold Realty Trust, Inc. Sets Date for Second Quarter 2024 Earnings Release and Conference Call

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Even with broad-based economic uncertainty, the Zacks REIT and Equity Trust - Other industry players such as LAMR, COLD and FPI are likely to benefit from healthy fundamentals and improving demand.

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Americold increased guidance for 2024 by 3.6%, with year-over-year growth at 11.8%. Americold invests in warehouses for cold storage, with a unique Warehouse Services segment. Despite declining share prices, Americold has shown strong AFFO per share growth and outperformed expectations. Dipping occupancy is a challenge, but commentary implies occupancy recovering in second half.

The Icy Giant Awakens: Resurgence For Americold Realty Trust

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NEW YORK--(BUSINESS WIRE)--Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the industrial and healthcare sectors, today announced that Steve Sleigh will be a Senior Advisor to the firm. Dr. Sleigh, through his firm Sleigh Strategy LLC, has provided advice to a variety of clients since 2015 on initiatives that align businesses, labor, and investors. Dr. Sleigh's new role with Blue Wolf follows the retirement of Mike Musuraca, the firm's longtime.

Blue Wolf Capital Names Steve Sleigh Senior Advisor

ATLANTA, GA., May 21, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced that its Board of Directors has declared a dividend of $0.22 per share for the second quarter of 2024, payable to holders of the Company's common stock. The dividend will be payable in cash on July 15, 2024 to stockholders of record at the close of business on June 28, 2024.

Americold Realty Trust, Inc. Declares Second Quarter 2024 Dividend

Americold Realty Trust, Inc. (NYSE:COLD ) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Kevin Reed - Vice President, Investor Relations George Chappelle - Chief Executive Officer Rob Chambers - President, Americas Jay Wells - Chief Financial Officer Conference Call Participants Samir Khanal - Evercore ISI Josh Dennerlein - Bank of America Vince Tibone - Green Street Nick Thillman - Baird Mike Mueller - J.P. Morgan Craig Mailman - Citi Ki Bin Kim - Truist Securities Michael Carroll - RBC Todd Thomas - KeyBanc Capital Markets, Inc. Young Ku - Wells Fargo Operator Greetings and welcome to Americold Realty Trust First Quarter 2024 Earnings Call.

Americold Realty Trust, Inc. (COLD) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Americold Realty Trust (COLD) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Americold Realty Trust (COLD) Reports Q1 Earnings: What Key Metrics Have to Say

Achieves Double Digit Services Margins and Raises Annual Guidance Fully Recovered Workforce Exceeds Pre-Covid Productivity ATLANTA, GA., May 09, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced financial and operating results for the first quarter ended March 31, 2024.

Americold Announces First Quarter 2024 Results

News for Americold Realty Stock (COLD)