Key Details
Price
$21.80Last Dividend
$0.22Annual Revenue
$2.67 BAnnual EPS
-$1.22Annual ROE
-9.06%Beta
0.47Events Calendar
Next earnings date:
Feb 21, 2025Recent quarterly earnings:
Nov 07, 2024Recent annual earnings:
Feb 22, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 31, 2024Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
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Institutional Ownership
The industrial REIT sector has experienced notable price drops because of shifts in the overall economy, making current prices more appealing for investment. Investor interest has decreased, as shown by the decline in AFFO multiples from 35.5x in 2021 to 20.5x now. Even though there is strong demand, the increase in new supply has limited rent growth and occupancy rates, resulting in slow SSNOI growth.
ATLANTA, GA., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust (NYSE: COLD) has received the 2024 Built By The Best Award from the Controlled Environment Building Association (CEBA) for its facility in Russellville, Arkansas. This recognition showcases Americold's top-notch design, innovative construction, and strong operational skills, especially after the facility was also named Site of the Year by one of its major clients for its smooth launch and full capacity achievement.
Americold Realty Trust, the biggest publicly traded cold-storage REIT, has not performed well because of management mistakes and too much capacity. I believe in the long-term potential of the cold-storage industry and am curious if the new Trump Administration policies could lead to a change in business performance. The company's leadership is quite new and may need to show better results soon or face replacement.
Americold Realty Trust Inc. (COLD) reported quarterly funds from operations (FFO) of $0.35 per share, which is slightly below the Zacks Consensus Estimate of $0.36 per share. This is an increase from the FFO of $0.32 per share from the same period last year.
Cold Storage REITs, such as Americold and Lineage, play a crucial role in minimizing food waste and maintaining the cold chain system. Their growth is driven by the rise in online grocery shopping, higher demand for frozen foods, improved profit margins, and chances for consolidation, which makes them appealing investments. Even with some operational difficulties, COLD's management has performed effectively, and the company is set for significant growth in AFFO, supporting a strong investment position.
Americold Realty Trust (COLD) is likely to do better than the market because it shows strong growth in its financial performance.
Americold Realty Trust (COLD) could see an increase in its stock price due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).
ATLANTA, GA., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD), a top company in temperature-controlled logistics real estate, has announced that it will share its financial results for the third quarter of 2024 before the market opens on Thursday, November 7, 2024. A conference call is scheduled for the same day at 8:00 a.m. Eastern Time.
ATLANTA, GA., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD), a leading company in temperature-controlled logistics and real estate, has announced that its operating partnership, Americold Realty Operating Partnership, L.P., has set the price for a public offering of $500 million in 5.409% notes that will mature on September 12, 2034. These notes will be fully guaranteed by the Company and its subsidiaries. The offering is anticipated to be finalized on September 12, 2024, pending standard closing conditions.
Cold storage facilities require a lot of investment and are costly, which is why many REITs tend to steer clear of them. Americold Realty, known as COLD, is a top cold storage REIT that has grown a lot since it became public in 2018, although its recent performance has not been as strong. Even with these challenges, COLD still has the chance to increase its value or be acquired, which could benefit its shareholders.
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