Welcome to our dedicated page for Americold Realty news (Ticker: COLD), a resource for investors and traders seeking the latest updates and insights on Americold Realty stock.
Americold Realty Trust, Inc. reports developments tied to its temperature-controlled logistics real estate business, including the ownership, operation, acquisition and development of refrigerated warehouses. The REIT’s updates commonly cover AFFO and operating results, physical occupancy, services margin, fixed-commitment customer contracts, dividends and capital allocation across a global cold storage network serving food producers, processors, distributors and retailers.
Company news also includes sustainability reporting for energy efficiency, emissions reduction, safety and facility resilience, along with governance matters, shareholder engagement, finance leadership changes and material agreements that affect the balance sheet or portfolio strategy.
Americold Realty Trust (NYSE: COLD) has officially opened its first cold storage facility in western New York, located in Dunkirk. The new 181,000 square foot, LEED-certified facility features 25,000 pallet positions to enhance local cold storage capabilities. This expansion aligns with customer demand and aims to deliver top-notch service. The facility will create over 60 jobs and contributes to community support by distributing food essentials to more than 300 families in Dunkirk, in partnership with Feed the Children.
Americold Realty Trust (NYSE: COLD) announced a dividend of $0.22 per share for Q2 2022, payable on July 15, 2022 to shareholders of record as of June 30, 2022. As the largest publicly traded REIT specializing in temperature-controlled warehouses, Americold operates 249 facilities globally, with around 1.5 billion cubic feet of refrigerated storage. The company plays a vital role in the supply chain, ensuring food products reach consumers efficiently.
Americold Realty Trust (NYSE: COLD) reported a 11.2% increase in total revenue for Q1 2022, totaling $705.7 million. However, the company experienced a net loss of $17.4 million, or $0.06 per diluted share, compared to a net loss of $14.2 million in Q1 2021. Core FFO decreased to $46.3 million from $62.5 million year-over-year, reflecting ongoing challenges like labor shortages and inflation. The Global Warehouse segment saw revenue rise 11.4% to $540.9 million, but same-store NOI decreased by 4.7%. The company maintains its annual AFFO guidance of $1.00 - $1.10 per share.
Americold Realty Trust (NYSE: COLD) will release its first quarter 2022 financial results on May 5, 2022, after the market closes. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time. Stakeholders can access the live webcast through the Investor Relations section of Americold's website. Americold is the largest publicly traded REIT focused on temperature-controlled warehouses, owning 250 facilities worldwide with about 1.5 billion cubic feet of refrigerated storage, playing a crucial role in the food supply chain.
PLS Logistics Services has appointed Fred Boehler, former CEO of Americold Logistics (COLD), to its board of directors. Boehler brings over 30 years of supply chain management experience, particularly in the cold supply chain sector. His previous roles include Senior Vice President of Supply Chain at SUPERVALU and nearly nine years on the Board of Directors of the Global Cold Chain Alliance. This strategic addition aims to enhance PLS's growth in the cold supply chain segment, which is a key focus area for the company that reported revenues exceeding $1.2 billion in 2022.
Americold Realty Trust (NYSE: COLD) has announced a dividend of $0.22 per share for Q1 2022, payable on April 15, 2022, to shareholders recorded by March 31, 2022. As the largest publicly traded REIT focused on temperature-controlled warehouses, Americold operates 250 facilities across North America, Europe, Asia-Pacific, and South America, totaling approximately 1.5 billion cubic feet of refrigerated storage. The company plays a critical role in the supply chain, connecting food producers, processors, distributors, and retailers to consumers.
Americold Realty Trust (NYSE: COLD) has appointed George F. Chappelle Jr. as Chief Executive Officer, effective immediately. The Board of Trustees believes Chappelle, who served as Interim CEO since November 2021, is well-suited to lead the company, given his extensive experience in logistics and supply chain management. Chappelle's leadership is expected to drive growth and enhance shareholder value, as he emphasizes operational excellence and the company's essential role in the food supply chain.
Americold Realty Trust (NYSE: COLD) reported a robust 36.8% revenue increase in Q4 2021, totaling $716.5 million, largely due to acquisitions and market-driven rate escalations. However, the company faced a net loss of $8 million, a significant improvement from the previous year's loss of $44 million. The Global Warehouse segment generated $554.2 million in revenue, up 35.9%, with same-store revenue growth of 2.5%. The company announced plans for a $15 million expansion in Barcelona and a dividend of $0.22 per share for Q4 2021, reflecting a positive outlook amid ongoing supply chain challenges.
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Americold Realty Trust (NYSE: COLD) will announce its fourth quarter and full year 2021 financial results on February 24, 2022, after market close. A conference call is scheduled for the same day at 5:00 p.m. ET. Investors can join the call by dialing 1-877-407-3982 domestically or 1-201-493-6780 internationally. A playback of the call will be available until March 10, 2022. Americold, headquartered in Atlanta, is the largest publicly traded real estate investment trust (REIT) focused on temperature-controlled warehouses, operating 248 facilities globally.