Americold Realty Stock Price, News & Analysis

Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics and warehousing, has announced a dividend increase for Q1 2025. The company's Board of Directors has declared a dividend of $0.23 per share, which will be paid in cash on April 15, 2025, to stockholders of record as of March 28, 2025.

Americold Realty Trust (NYSE: COLD) reported its Q4 and full-year 2024 results, highlighting significant progress in productivity and efficiency initiatives. The company achieved 11.4% growth in Global Warehouse Same Store NOI and 16% growth in Adjusted FFO per share for the full year 2024.

Q4 2024 showed total revenues of $666.4 million, a 1.9% decrease from Q4 2023, with a net loss of $36.4 million ($0.13 loss per diluted share). The company's Global Warehouse same store services margin improved to 13.2% from 6.3% in Q4 2023.

For full-year 2024, Americold reported total revenues of $2.7 billion, with a net loss of $94.7 million. The company announced new developments including a $79 million state-of-the-art facility in Port Saint John, Canada and a $34 million expansion in Christchurch, New Zealand.

Americold Realty Trust (NYSE: COLD) announced plans to develop its first Import-Export Hub in Port Saint John, New Brunswick, Canada. The company will invest $75-80M to create a conventional facility providing approximately 22,000 pallet positions. This strategic development marks a unique collaboration between Americold's warehouse solutions, DP World's maritime logistics, and CPKC's rail logistics.

The facility will primarily serve to connect Central and Eastern Canada with Europe, South America, and the APAC region. Opportunities NB will provide up to $1.01 million in payroll rebates to support the creation of up to 100 jobs by 2029, with the expansion expected to contribute up to $37 million in direct provincial GDP.

This development builds upon Americold's existing partnerships with DP World (established in 2021) and CPKC (formed in June 2023), aiming to optimize temperature-controlled logistics across North America and enhance food supply chain efficiency.

Americold Realty Trust (NYSE: COLD) has released the tax treatment details for its 2024 common stock distributions. The company maintained consistent quarterly dividends of $0.22 per share throughout 2024, with each payment comprising $0.1534 in ordinary income and $0.0666 in return of capital.

The total distribution for 2024 amounted to $0.88 per share, broken down as $0.6134 in ordinary income and $0.2666 in return of capital. The Q4 2023 dividend paid in January 2024 is included in 2024 distributions, while the Q4 2024 dividend paid in January 2025 will be reported with 2025 distributions.

Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics and real estate, has announced its schedule for the release of fourth quarter and full year 2024 financial results. The company will release its financial results before market opening on Thursday, February 20, 2025, followed by a conference call at 8:00 a.m. Eastern Time on the same day.

The conference call will be accessible via webcast through the company's Investor Relations website at www.americold.com. Participants can join via telephone using domestic (1-877-407-3982) or international (1-201-493-6780) numbers. A playback option will be available until March 6, 2025, using domestic (1-844-512-2921) or international (1-412-317-6671) numbers with passcode 13750638.

Americold Realty Trust (NYSE: COLD) has announced a quarterly dividend declaration of $0.22 per share for the fourth quarter of 2024. The dividend will be paid in cash on January 15, 2025, to stockholders of record as of December 31, 2024. The company, which specializes in temperature-controlled logistics, real estate, and value-added services, made this announcement through its Board of Directors.

CPKC and Americold Realty Trust announced plans to explore co-development opportunities in Mexico, expanding their strategic collaboration in temperature-controlled logistics across North America. The partnership, established in June 2023, combines CPKC's single-line intermodal freight transportation and TempPro™ containers with Americold's cold chain expertise.

The companies are already developing a 335,000-square-foot, $127 million import-export hub at CPKC's Intermodal Facility in Kansas City, scheduled to open mid-2025. CPKC recently added 1,000 new refrigerated containers to its fleet, enhancing its Mexico Midwest Express service. Americold plans to invest between $500 million and $1 billion over the next 5-10 years in development projects with CPKC and DP World.

Americold Realty Trust (NYSE: COLD) has received the prestigious 2024 Built By The Best Award from the Controlled Environment Building Association (CEBA) for its Russellville, Arkansas facility. The same facility was also named Site of the Year by a major customer for its exceptional startup performance.

The facility features a 136,000-square-foot, 140-foot-tall cold storage and distribution center with 42,000 pallet positions and 13 million cubic feet of space. Key technological innovations include an advanced ammonia refrigeration system, automated truck unloading, state-of-the-art fire protection, and an automated storage and retrieval system (ASRS).

The expansion emphasizes sustainability through energy-efficient systems and 25% reduced water usage, while also adding modern office amenities. The project, completed in partnership with Stellar, represents Americold's commitment to innovation in supporting North America's leading food companies.

Americold Realty Trust announced its Q3 2024 results, showcasing significant growth in key areas. The company achieved a total revenue of $674.2 million, a 0.9% increase from Q3 2023. Despite a net loss of $3.7 million, the company reported an AFFO per share of $0.35, up 11% from the prior year. Notably, Global Warehouse Same Store NOI grew by 11% on a constant currency basis, and Same Store Warehouse Services Margins improved to 14.5%, an 11 percentage point increase.

Americold raised $500 million through its first public bond offering and announced a $148 million automation development project in Dallas-Fort Worth. Core EBITDA rose by 9.1% to $157.2 million, and Core FFO per share increased by 17.7% to $0.29. The company also highlighted a 10.6% rise in total NOI to $209.2 million. Looking forward, Americold's guidance for 2024 remains optimistic, with expected growth in the Global Warehouse segment and continued investment in technology and development projects.