Americold Realty Stock Price, News & Analysis

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.

Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics real estate, has announced its schedule for the release of third quarter 2024 financial results. The company will disclose its Q3 2024 earnings before the market opens on Thursday, November 7, 2024. A conference call is scheduled for the same day at 8:00 a.m. Eastern Time.

Investors can access the webcast through Americold's Investor Relations website. For those participating via telephone, domestic callers should dial 1-877-407-3982, while international callers can use 1-201-493-6780. A playback option will be available until November 21, 2024, accessible through specific domestic and international numbers with the passcode 13743084.

Americold Realty Trust, Inc. (NYSE: COLD) has announced the pricing of a $500 million senior unsecured notes offering through its operating partnership. The notes, due September 12, 2034, are priced at 100% of their principal amount with a 5.409% yield to maturity. The offering is expected to close on September 12, 2024, subject to customary conditions.

The company plans to use the net proceeds to repay a portion of its revolving credit facility, cover offering-related expenses, and for general corporate purposes. The notes will be fully guaranteed by Americold and certain subsidiaries. This offering is made under an effective shelf registration statement and will only be available through a prospectus supplement and accompanying prospectus.

Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics and real estate, has announced a dividend for the third quarter of 2024. The company's Board of Directors has declared a dividend of $0.22 per share, which will be payable on October 15, 2024 to stockholders of record as of September 30, 2024. This announcement demonstrates Americold's commitment to providing returns to its shareholders and maintaining its dividend policy.

Americold Realty Trust (NYSE: COLD) announced its Q2 2024 results, reporting a total revenue of $661.0 million, a modest increase of 1.7% from Q2 2023. However, the company recorded a net loss of $64.4 million, or $0.23 per diluted share, improved from a net loss of $104.8 million in the same period last year.

Key highlights include a 17.1% increase in NOI to $215.5 million and a record services margin for the second consecutive quarter. The Global Warehouse segment saw a rise in same-store NOI by 17.3%, with services margins increasing from 1.1% to 13.2%. Core FFO reached $95.0 million, or $0.33 per diluted share.

The company raised its full-year earnings guidance, anticipating AFFO per share to be between $1.44-$1.50. Capital deployment is expected to reach $200-$300 million. Liquidity stood at $553.7 million, with total net debt at $3.3 billion.

Americold Realty Trust, a global leader in temperature-controlled logistics and real estate, announced it will release its second quarter 2024 financial results on August 8, 2024, before the market opens. The company will host a conference call at 8:00 a.m. Eastern Time the same day. The webcast can be accessed via the Investor Relations section on Americold's website. Participants should register 15 minutes early for the webcast or dial in for the call 5 minutes prior. Playback will be available until August 22, 2024, via specified domestic and international numbers.