Americold Realty Stock Price, News & Analysis

Americold Realty Trust (NYSE: COLD) has declared a $0.22 per share dividend for Q1 2021, marking a 4.8% increase from the previous $0.21 per share. The annualized rate is $0.88, with payment scheduled for April 15, 2021 to shareholders of record by March 31, 2021. CEO Fred Boehler expressed satisfaction with the company's ongoing organic and external growth, even amid challenges posed by the COVID-19 pandemic. Americold is the largest publicly traded REIT specializing in temperature-controlled warehouses, highlighting its foundational role in the food supply chain.

Americold Realty Trust (COLD) announced its Q4 2020 results, achieving total revenue growth of 7.8% to $523.7 million and NOI growth of 11% to $152.4 million. The company reported a net loss of $44 million. For the full year, revenues rose 11.4% to $1.99 billion. Americold completed acquisitions totaling $2.6 billion, adding 62 facilities. The company maintains a strong balance sheet with $1.7 billion in liquidity and no material debt maturities until 2023. Americold aims to achieve same-store revenue growth of 2-4% in 2021.

Americold Realty Trust (NYSE: COLD) will release its fourth quarter and full year 2020 financial results after the market closes on February 18, 2021. A conference call will follow at 5:00 p.m. Eastern Time on the same day. Interested participants can join via a webcast on Americold's Investor Relations website or by dialing in using the provided numbers. Americold is the largest publicly traded REIT in temperature-controlled warehousing, operating 239 facilities globally, crucial for the food supply chain.

Americold Realty Trust (NYSE: COLD) announces the tax treatment for its 2020 stock distributions. Shareholders are advised to consult tax advisors regarding the classification of the Company’s distributions. The Company declared dividends for each quarter of 2020, with notable details including a fourth quarter dividend of $0.21 per share, which was paid in 2021. These dividends have specific tax implications for shareholders, impacting their 2020 taxable income. Americold operates 239 temperature-controlled warehouses globally, forming a part of essential supply chains.

Americold Realty Trust (NYSE:COLD) has successfully completed its acquisition of Agro Merchants Group, adding 46 facilities across 10 countries, totaling 236 million refrigerated cubic feet. This move expands Americold’s portfolio to 239 facilities with 1.41 billion cubic feet, enhancing its global reach. Concurrently, the company issued 14.2 million common shares to Oaktree Capital and Agro management, with a lockup until May 17, 2021. Additionally, Americold secured €750 million in senior unsecured notes to fund future growth initiatives. The acquisition bolsters its position in the temperature-controlled warehouse market.

Americold Realty Trust (NYSE: COLD) has declared a $0.21 per share dividend for Q4 2020, payable on January 15, 2020, to shareholders of record as of December 31, 2020. As the largest publicly traded REIT specializing in temperature-controlled warehouses, Americold owns and operates 185 facilities across several countries, including the U.S. and Australia, with over 1 billion cubic feet of refrigerated storage. This dividend announcement reflects the company's commitment to returning value to its shareholders.

Americold Realty Trust (NYSE: COLD) announced the full exercise of the underwriters' option to purchase an additional 4,785,000 common shares from its recent public offering, totaling 36,685,000 shares. The offering price was set at $38.00 per share, before underwriting discount. Proceeds will primarily fund the acquisition of Agro Merchants Group subsidiaries, with any remaining for business expansion and debt repayment. The transaction is set to close on November 12, 2020.

Americold Realty Trust (NYSE: COLD) has acquired Hall's Warehouse Corporation for $480 million to expand its presence in the Northeastern US. This acquisition adds eight facilities totaling 58 million cubic feet and 200,000 pallet positions, serving 220 customers with a 95% occupancy rate. Americold also announced two expansion projects in Arkansas and Calgary, costing $84 million and $11 million, respectively. Funding will come from equity offerings and debt placements, including €750 million in senior unsecured notes.

Americold Realty Trust (NYSE: COLD) reported a 6.7% increase in total revenue for Q3 2020, totaling $497.5 million, driven by acquisitions and organic growth. Net income was $12.4 million, or $0.06 per share, down from $27.1 million a year prior. The Company also announced the strategic acquisition of Agro Merchants Group for $1.74 billion, enhancing its global position. Additionally, it completed the Halls acquisition for $480 million and plans further expansions. AFFO guidance was tightened to $1.26-$1.29 per share for 2020.