Americold Realty Stock Price, News & Analysis

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.

Americold Realty Trust (NYSE: COLD) announced a dividend of $0.22 per share for Q2 2022, payable on July 15, 2022 to shareholders of record as of June 30, 2022. As the largest publicly traded REIT specializing in temperature-controlled warehouses, Americold operates 249 facilities globally, with around 1.5 billion cubic feet of refrigerated storage. The company plays a vital role in the supply chain, ensuring food products reach consumers efficiently.

Americold Realty Trust (NYSE: COLD) reported a 11.2% increase in total revenue for Q1 2022, totaling $705.7 million. However, the company experienced a net loss of $17.4 million, or $0.06 per diluted share, compared to a net loss of $14.2 million in Q1 2021. Core FFO decreased to $46.3 million from $62.5 million year-over-year, reflecting ongoing challenges like labor shortages and inflation. The Global Warehouse segment saw revenue rise 11.4% to $540.9 million, but same-store NOI decreased by 4.7%. The company maintains its annual AFFO guidance of $1.00 - $1.10 per share.