Americold Realty Stock Price, News & Analysis

Americold Realty Trust (NYSE: COLD) has announced the grand opening of its expanded facility in Santa Perpetua, Barcelona, Spain, which adds 11 loading bays and 12,000 pallet positions. This expansion increases the facility's capacity for temperature-controlled products, now totaling over 20,000 pallet positions for frozen, chilled, and ambient produce. Americold aims to enhance its global presence and better serve customer needs in Spain and across Europe. The company operates 242 temperature-controlled warehouses worldwide, emphasizing its role in connecting the food supply chain.

Americold Realty Trust (NYSE: COLD) announced a strategic investment of $3.9 million for a 49% equity stake in RSA Cold Chain, a cold storage operator in Dubai. This partnership aims to establish a scalable platform for market entry and expansion into the Middle East and India. RSA Cold Chain, operational since 2017, will benefit from Americold's global network to enhance supply chain solutions and cold storage capacity. The CEO of Americold, George Chappelle, highlighted the collaboration as a significant step in reinforcing the company's leadership in temperature-controlled logistics.

Americold Realty Trust, (NYSE: COLD), has declared a dividend of $0.22 per share for Q1 2023. This dividend, payable in cash on April 14, 2023, benefits stockholders of record as of March 31, 2023. As the world’s largest publicly traded REIT focused on temperature-controlled warehouses, Americold owns and operates 242 warehouses globally, comprising approximately 1.4 billion refrigerated cubic feet of storage. The company plays a crucial role in the supply chain, connecting food producers and retailers.

Americold Realty Trust (NYSE: COLD) reported its Q4 2022 financial results, showing a 0.7% increase in total revenue to $721.5 million. The company achieved a 16.6% rise in total NOI to $188.2 million and a 10.6% increase in core EBITDA, reaching $136.8 million. Net income was reported at $3.0 million, translating to $0.01 per diluted share. The Global Warehouse segment drove revenue growth, with an 8.0% increase to $598.7 million. The expansion projects and strategic exits from lower-margin segments were notable, while total debt stood at $3.3 billion. The company projects AFFO per share for 2023 between $1.14 and $1.24.

Americold Realty Trust (NYSE: COLD) has announced the 2022 tax treatment of its common stock distributions. The company informs shareholders that the fourth quarter dividend for 2021 was paid in 2022, totaling $0.22 per share, while the fourth quarter 2022 dividend will be included in 2023 distributions. Americold operates 249 temperature-controlled warehouses globally, essential for food supply chains. Shareholders are advised to consult tax advisors regarding their specific distribution tax treatments.

Americold Realty Trust Inc. (NYSE: COLD) will release its fourth quarter 2022 financial results on February 16, 2023, after market close. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time. Interested parties can access a live webcast on Americold's Investor Relations website. The company, headquartered in Atlanta, is the largest publicly traded REIT focused on temperature-controlled warehouses, operating 249 facilities globally with approximately 1.5 billion refrigerated cubic feet of storage, crucial for the food supply chain.

Americold Realty Trust has declared a dividend of $0.22 per share for Q4 2022. This cash dividend will be paid on January 13, 2023, to shareholders on record as of the close of business on December 30, 2022. As the world's largest publicly traded REIT specializing in temperature-controlled warehouses, Americold operates 249 facilities globally, providing approximately 1.5 billion cubic feet of refrigerated storage. They play a key role in the supply chain for food distribution.

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.