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Americold Realty Trust, Inc. - COLD STOCK NEWS

Welcome to our dedicated page for Americold Realty Trust news (Ticker: COLD), a resource for investors and traders seeking the latest updates and insights on Americold Realty Trust stock.

Americold Realty Trust, Inc. (NYSE: COLD) is a global leader in temperature-controlled logistics, specializing in the ownership, operation, acquisition, and development of temperature-controlled warehouses. Headquartered in Atlanta, Georgia, Americold is the world's second-largest owner and operator of these specialized warehouses, with approximately 245 facilities spanning 1.5 billion cubic feet of refrigerated space.

Founded with the mission to support the safe and efficient movement of food and other temperature-sensitive products, Americold plays a vital role in the global supply chain, connecting food producers, processors, distributors, and retailers to consumers. The company not only offers storage solutions but also provides value-added services such as supply management and transportation, ensuring a seamless logistics experience for its customers.

In 2022, Americold generated over 80% of its revenue from its extensive operations in the United States. The company also has a significant presence in Europe, Canada, Australia, and New Zealand. As a real estate investment trust (REIT), Americold focuses on generating steady income through its property portfolio while also reinvesting in the business to drive growth and innovation.

Recently, Americold announced a series of leadership updates. Marc J. Smernoff, the Executive Vice President and Chief Financial Officer, will be succeeded by Jay Wells, effective January 15, 2024. Jay Wells brings over 30 years of financial experience, having previously served as Chief Financial Officer at Primo Water and Molson Coors Beverages. These leadership changes reflect Americold's commitment to driving profitable growth and enhancing shareholder value.

Another significant development is Americold's strategic collaboration with Canadian Pacific Kansas City (CPKC) to develop new cold storage facilities. The first of these facilities will be located in Kansas City, Missouri, with an investment of $127 million. This project aims to create nearly 190 new jobs and will support CPKC’s Mexico Midwest Express service, enhancing the food supply chain between the U.S. and Mexico.

Americold's leadership in the industry is further underscored by its continuous expansion and implementation of advanced technologies and practices. The company's dedication to innovation and excellence ensures it remains a pivotal player in temperature-controlled logistics.

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Americold Realty Trust, a global leader in temperature-controlled logistics and real estate, announced it will release its second quarter 2024 financial results on August 8, 2024, before the market opens. The company will host a conference call at 8:00 a.m. Eastern Time the same day. The webcast can be accessed via the Investor Relations section on Americold's website. Participants should register 15 minutes early for the webcast or dial in for the call 5 minutes prior. Playback will be available until August 22, 2024, via specified domestic and international numbers.

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Blue Wolf Capital Partners has appointed Steve Sleigh as a Senior Advisor, succeeding Mike Musuraca, who retired after over a decade of service. Sleigh brings extensive experience from his consultancy, Sleigh Strategy, and previous roles in labor and investment realms. His expertise will aid Blue Wolf in labor management, new investments, and expanding partnerships with labor unions and institutional investors. This move continues Blue Wolf's tradition of integrating labor strategies to manage complexity and drive growth.

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Americold Realty Trust (NYSE: COLD), a leader in temperature-controlled logistics and real estate, announced a dividend of $0.22 per share for Q2 2024. This dividend will be paid in cash on July 15, 2024, to stockholders recorded as of June 28, 2024. Americold continues its focus on owning, operating, acquiring, and developing temperature-controlled warehouses.

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Americold Realty Trust, Inc. (NYSE: COLD) announced strong financial results for Q1 2024 with total revenue of $665.0 million, NOI up 12.4% to $210.8 million, and AFFO per share growth of over 28%. The company achieved double digit services margins and raised annual guidance, showcasing growth in core areas and strategic partnerships. However, non-same store NOI declined and occupancy rates saw a decrease compared to the prior year.

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Americold Realty Trust (NYSE: COLD) will release its first quarter 2024 financial results on May 9, 2024, after the market closes. A conference call will follow at 5:00 p.m. Eastern Time. The webcast will be available on the company's website. Investors can participate in the telephone conference call by dialing in, with playback available until May 23, 2024.
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Americold Realty Trust (COLD) declares a dividend of $0.22 per share for the first quarter of 2024, payable on April 15, 2024. The dividend is for holders of the Company’s common stock.
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Americold Realty Trust, Inc. (NYSE: COLD) announces strong financial results for Q4 2023 and full year 2023, with double-digit AFFO per share growth. The company achieved record-setting same-store economic occupancy and fixed commitments. Partnerships with Canadian Pacific and DP World were also revealed, showcasing strategic collaborations in warehouse development. Despite revenue decline, the company saw increased NOI and improved margins, driven by pricing initiatives and cost management. However, net loss and lower throughput due to consumer habits impacted financials.
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Americold Realty Trust (NYSE: COLD) announces plans to develop a $127 million facility in Kansas City, Missouri, in collaboration with Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) to optimize temperature-controlled logistics in North America. The facility aims to create nearly 190 new jobs and enhance the food supply chain by leveraging CPKC's rail network for efficient transportation between the U.S. Midwest and Mexico.
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Americold Realty Trust, Inc. (NYSE: COLD) announced the 2023 tax treatment of the Company’s common stock distributions. The Company paid its fourth quarter 2022 dividend of $0.22 per share in calendar year 2023, and the fourth quarter 2023 dividend of $0.22 per share in calendar year 2024. Shareholders are encouraged to consult with their personal tax advisors for specific tax treatment.
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Americold Realty Trust, Inc. (NYSE: COLD) will release its fourth quarter 2023 financial results on February 22, 2024, after the market closes. The company, a global leader in temperature-controlled logistics, real estate, and value-added services, will also hold a conference call on the same day at 5:00 p.m. Eastern Time. A webcast of the call will be available on the Investor Relations section of the company’s website at www.americold.com. Participants can also join the call via telephone by dialing the provided numbers. The conference call playback will be accessible until March 7, 2024.
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FAQ

What does Americold Realty Trust, Inc. do?

Americold Realty Trust, Inc. specializes in the ownership, operation, acquisition, and development of temperature-controlled warehouses, providing storage and logistics services for temperature-sensitive products.

Where is Americold Realty Trust, Inc. headquartered?

Americold Realty Trust, Inc. is headquartered in Atlanta, Georgia.

How many warehouses does Americold own and operate?

Americold owns and operates approximately 245 temperature-controlled warehouses, spanning 1.5 billion cubic feet of refrigerated space.

What percentage of Americold's revenue comes from the United States?

In 2022, more than 80% of Americold's revenue was derived from its operations in the United States.

What recent leadership changes have been announced at Americold?

Americold announced that Marc J. Smernoff will be succeeded by Jay Wells as the Executive Vice President and Chief Financial Officer, effective January 15, 2024.

What new project has Americold announced with Canadian Pacific Kansas City?

Americold announced a strategic collaboration with Canadian Pacific Kansas City to develop a new cold storage facility in Kansas City, Missouri, with an investment of $127 million.

What role does Americold play in the global supply chain?

Americold connects food producers, processors, distributors, and retailers to consumers by providing temperature-controlled storage and logistics solutions.

What services does Americold offer besides warehouse storage?

Besides warehouse storage, Americold offers supply management and transportation services to ensure a seamless logistics experience for its customers.

How does Americold’s Kansas City facility benefit the food supply chain?

The Kansas City facility will support CPKC’s Mexico Midwest Express service, enhancing the efficiency and effectiveness of the food supply chain between the U.S. and Mexico.

What is Americold's status as a company in the stock market?

Americold Realty Trust, Inc. is publicly traded on the New York Stock Exchange under the symbol COLD.

Americold Realty Trust, Inc.

NYSE:COLD

COLD Rankings

COLD Stock Data

7.75B
284.04M
0.21%
108.95%
1.12%
Lessors of Miniwarehouses and Self-Storage Units
Real Estate and Rental and Leasing
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United States of America
Atlanta