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. (NYSE: COLD) is a real estate investment trust focused on temperature-controlled logistics and real estate, and its news flow reflects this role in the global cold chain. Company announcements highlight developments across its network of more than 230 facilities and approximately 1.4–1.5 billion refrigerated cubic feet of capacity spanning North America, Europe, Asia-Pacific, South America, and the Middle East.
On this page, readers can follow Americold’s operational updates, such as the opening of new cold storage facilities and expansions of existing sites. Recent examples include the launch of a major import-export hub in Dubai’s Jebel Ali Free Zone through its RSA Cold Chain joint venture with DP World, and recognition for its automated Russellville, Arkansas facility, which was named Refrigerated & Frozen Foods Magazine’s inaugural Cold Storage Facility of the Year.
Investors and industry observers will also find financial and strategic news, including quarterly earnings releases, reaffirmed financial outlooks, credit agreement amendments, and term loan extensions disclosed through press releases and Form 8-K filings. Governance and capital allocation developments—such as the appointment of new directors, the formation of a Finance Committee, and cooperation agreements with significant shareholders—are regularly reported.
Americold’s news further covers customer and market initiatives, including partnerships that extend its expertise in supporting quick service restaurants into the convenience store segment in Australia, and certifications and audits that reinforce its role in food safety and export logistics, such as U.S. meat export certification for its Dublin, Ireland facility. Bookmark this page to access a consolidated view of Americold’s latest corporate, operational, and financial disclosures as they are released.
Americold Realty Trust (NYSE: COLD) has acquired Hall's Warehouse Corporation for $480 million to expand its presence in the Northeastern US. This acquisition adds eight facilities totaling 58 million cubic feet and 200,000 pallet positions, serving 220 customers with a 95% occupancy rate. Americold also announced two expansion projects in Arkansas and Calgary, costing $84 million and $11 million, respectively. Funding will come from equity offerings and debt placements, including €750 million in senior unsecured notes.
Americold Realty Trust (NYSE: COLD) reported a 6.7% increase in total revenue for Q3 2020, totaling $497.5 million, driven by acquisitions and organic growth. Net income was $12.4 million, or $0.06 per share, down from $27.1 million a year prior. The Company also announced the strategic acquisition of Agro Merchants Group for $1.74 billion, enhancing its global position. Additionally, it completed the Halls acquisition for $480 million and plans further expansions. AFFO guidance was tightened to $1.26-$1.29 per share for 2020.
Americold Realty Trust (NYSE: COLD) has announced the upsize and pricing of its public offering of 31,900,000 common shares at $38.00 per share, increased from an initial 29,000,000 shares. The offering is expected to close on October 16, 2020. The company will not initially receive proceeds from the forward purchasers; however, it plans to use net proceeds for the acquisition of Agro Merchants Group's subsidiaries and other growth opportunities. The underwriters have a 30-day option to purchase an additional 4,785,000 common shares.
Americold Realty Trust (NYSE: COLD) has initiated an underwritten public offering of 29 million common shares, with underwriters having a 30-day option for an additional 4.35 million shares. The proceeds will primarily fund the acquisition of Agro Merchants Group's subsidiaries, along with other development opportunities. The forward sale agreements aim to manage the logistics of share delivery and proceeds. No immediate proceeds will be received from the offering, with the final settlement expected within 12 months, contingent upon specific market conditions.
Americold Realty Trust (NYSE: COLD) announced a definitive agreement to acquire Agro Merchants Group for $1.740 billion, expanding its reach in the temperature-controlled logistics market. The acquisition, subject to regulatory approval, is expected to close in late Q4 2020 or early Q1 2021. Agro, the fourth largest in the sector, operates 46 facilities across 10 countries. This strategic move enhances Americold's footprint in Europe and strengthens its existing operations in the U.S., Australia, and South America, promising long-term growth and operational synergies.
Americold Realty Trust (NYSE: COLD) will announce its third quarter 2020 financial results after market close on November 5, 2020. A conference call is scheduled for the same day at 5:00 p.m. ET, with a webcast available on the company’s Investor Relations site. Americold operates 183 temperature-controlled warehouses globally, encompassing over 1 billion refrigerated cubic feet of storage as of June 30, 2020, playing a vital role in the supply chain for food distribution.