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) 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.
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.
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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.
Americold Realty Trust (NYSE: COLD) announced the tax treatment of its common stock distributions for 2021. Shareholders are advised to consult personal tax advisors regarding their specific tax implications. The release detailed dividend declarations and payments for 2020 Q4 and 2021 Q1 through Q3, with key figures shared. Notably, the fourth quarter 2020 dividend of $0.21 per share and the fourth quarter 2021 dividend of $0.22 per share were highlighted, with certain portions classified as ordinary dividends and return of capital (ROC).
Americold Realty Trust (NYSE: COLD) has declared a $0.22 dividend per share for Q4 2021, payable on January 14, 2022, to shareholders on record by December 31, 2021. As the largest publicly traded REIT specializing in temperature-controlled warehouses, Americold operates 248 facilities globally, totaling over 1.5 billion refrigerated cubic feet in storage. This dividend announcement underscores the company's commitment to returning value to shareholders and reflects its operational strength in the logistics and food supply chain.
Americold Realty Trust (NYSE: COLD) updates its earnings call to November 3, 2021, maintaining an annual AFFO guidance of $1.15 - $1.20 per share. For Q3 2021, total revenue rose 42.5% to $708.8 million. Net income stood at $5.3 million, with Core FFO at $61.5 million. Global Warehouse segment revenue grew 39.7% to $542.0 million, despite a 5.1% drop in same-store NOI. Major acquisitions included ColdCo for $20.5 million and Newark Facility Management for $376.5 million. The company also expanded its Calgary facility for C$13.2 million.
Americold Realty Trust (NYSE: COLD) has appointed George Chappelle as Interim CEO following the termination of Fred Boehler. Mr. Chappelle, a veteran in the food industry with significant experience in logistics and supply chain, aims to continue Americold's operational excellence. The Board of Trustees has also added Rob Bass and Pamela Kohn as members, expanding the board from eight to ten. These changes signal a commitment to enhancing leadership and diversity within the company while maintaining focus on growth and shareholder value.
Americold Realty Trust (NYSE: COLD) will release its third quarter 2021 financial results after the market closes on November 4, 2021. A conference call to discuss these results will follow at 5:00 p.m. Eastern Time on the same day. Interested parties can access the live webcast through the company's Investor Relations webpage. Americold operates 246 temperature-controlled warehouses globally, playing a crucial role in the supply chain for food producers and retailers.
Americold Realty Trust (NYSE:COLD) has updated its full year 2021 AFFO guidance due to ongoing labor disruptions affecting food production. The new AFFO per share guidance is $1.15 to $1.20, down from the previous estimate of $1.34 to $1.40. Labor shortages are constraining occupancy and increasing costs, particularly in labor expenses. The company anticipates that warehouse segment same-store revenue growth will be between -2.0% to 0.0%, down from 0.0% to 2.0%. These changes reflect the current market conditions impacting operations and financial performance.