Americold Realty TrustNYSE: COLD

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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.

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.

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.

In light of international tensions and recent market declines, investors may find solace in defensive industries, focusing on undervalued stocks with attractive dividends. Given the uncertainty surrounding geopolitical conflicts and the likelihood of Federal Reserve rate cuts, it may be prudent to consider stable stocks with potential for growth, especially for conservative, long-term investors focused on value.

Industrial real estate has experienced strong demand growth, leading to an increase in development of new warehouses. The supply and demand for industrial real estate vary by location, resulting in pockets of both strength and weakness. The future winners in the industrial real estate sector can be estimated by studying valuation and operating fundamentals.

The headline numbers for Americold Realty Trust Inc. (COLD) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Americold's Strong Growth Potential Still Needs To Be Proven

Americold Realty Trust, Inc. operates as a REIT that owns and leases temperature-controlled warehousing and provides transportation services. The company's financial performance has been mixed, with a decline in revenue and bottom line results due to multiple factors as of late. Despite its position as a major player in the temperature-controlled warehouse market, shares of Americold Realty Trust are expensive and not an attractive investment opportunity.