Americold Realty Stock Price, News & Analysis

Americold Realty Trust (NYSE: COLD) has entered into interest rate swaps to stabilize a significant portion of its senior unsecured term loan facilities' base interest rates through 2027. The company has now fixed all of its senior unsecured term loans, including a $375 million U.S. dollar term loan A-1 facility. Specific swaps include a $200 million swap at a reduced rate of 4.10% and another on $175 million at 4.52%, maturing in July 2027. These strategies aim to mitigate floating rate exposure and enhance financial stability amid rising interest rates.

Americold Realty Trust (COLD) announced its Q3 2022 financial results, highlighting a 6.9% increase in total revenue to $757.8 million, driven by core warehouse growth and pricing initiatives. Total NOI rose 16.3% to $181.2 million. However, the company reported a net loss of $8.9 million or $0.03 per share. Acquisitions and refinancing efforts were noted, including a $2 billion Senior Unsecured Credit Facility. The company also adjusted its AFFO guidance for the year to $1.08 - $1.12 per share.

Americold Realty Trust (NYSE: COLD) announced it will release its third quarter 2022 financial results after the market closes on November 3, 2022. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time. Investors can access the live webcast through the Company’s website. Americold operates 249 temperature-controlled warehouses globally, totaling approximately 1.5 billion refrigerated cubic feet of storage, playing a key role in the supply chain for food distribution.

Americold Realty Trust has declared a third-quarter dividend of $0.22 per share, payable on October 14, 2022, to shareholders on record as of September 30, 2022. This announcement reflects the company’s ongoing commitment to returning value to its investors. Americold, recognized as the world’s largest publicly traded REIT specializing in temperature-controlled warehouses, operates 249 facilities globally, encompassing approximately 1.5 billion refrigerated cubic feet of storage. The company plays a crucial role in the supply chain for the food industry.

Americold Realty Trust (NYSE: COLD) has announced the execution of interest rate swaps to stabilize base interest rates following the refinancing of its senior unsecured credit facilities. The Company fixed the interest rate on a $200 million U.S. dollar term loan A-1 facility at 4.70%, effective September 23, 2022, expiring December 29, 2023. Additionally, a $270 million delayed draw facility will have a fixed rate of 4.10%, effective November 1, 2022, expiring December 29, 2027. The interest rate on a CAD 250 million term loan A-2 is set at 4.54%, with the same expiration date.

Americold Realty Trust (NYSE: COLD) reported Q2 2022 results with total revenue of $729.8 million, up 11.5% year-over-year. Total NOI increased 8.3% to $168.3 million. Core FFO rose to $65.4 million, or $0.24 per diluted share, while AFFO was $73.9 million, or $0.27 per diluted share. Global Warehouse segment revenue grew 12.0% to $564.4 million. However, the company reported a net income of only $4.0 million, compared to a loss of $13.4 million in Q2 2021. Economic occupancy stood at 77.4%, reflecting improved customer demand despite inflationary pressures.

Americold Realty Trust (NYSE: COLD) announced it will release its Q2 2022 financial results after market close on August 4, 2022. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time, available through a webcast on the company’s Investor Relations website. Americold is the largest publicly traded REIT specializing in temperature-controlled warehouses, operating 249 facilities with approximately 1.5 billion refrigerated cubic feet of storage across North America, Europe, Asia-Pacific, and South America, connecting food producers to consumers.

Americold Realty Trust (NYSE: COLD) has officially opened its first cold storage facility in western New York, located in Dunkirk. The new 181,000 square foot, LEED-certified facility features 25,000 pallet positions to enhance local cold storage capabilities. This expansion aligns with customer demand and aims to deliver top-notch service. The facility will create over 60 jobs and contributes to community support by distributing food essentials to more than 300 families in Dunkirk, in partnership with Feed the Children.