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) 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.