Welcome to our dedicated page for Americold Realty news (Ticker: COLD), a resource for investors and traders seeking the latest updates and insights on Americold Realty stock.
Americold Realty Trust, Inc. (NYSE: COLD) is a global leader in temperature-controlled logistics, specializing in the ownership, operation, acquisition, and development of temperature-controlled warehouses. Headquartered in Atlanta, Georgia, Americold is the world's second-largest owner and operator of these specialized warehouses, with approximately 245 facilities spanning 1.5 billion cubic feet of refrigerated space.
Founded with the mission to support the safe and efficient movement of food and other temperature-sensitive products, Americold plays a vital role in the global supply chain, connecting food producers, processors, distributors, and retailers to consumers. The company not only offers storage solutions but also provides value-added services such as supply management and transportation, ensuring a seamless logistics experience for its customers.
In 2022, Americold generated over 80% of its revenue from its extensive operations in the United States. The company also has a significant presence in Europe, Canada, Australia, and New Zealand. As a real estate investment trust (REIT), Americold focuses on generating steady income through its property portfolio while also reinvesting in the business to drive growth and innovation.
Recently, Americold announced a series of leadership updates. Marc J. Smernoff, the Executive Vice President and Chief Financial Officer, will be succeeded by Jay Wells, effective January 15, 2024. Jay Wells brings over 30 years of financial experience, having previously served as Chief Financial Officer at Primo Water and Molson Coors Beverages. These leadership changes reflect Americold's commitment to driving profitable growth and enhancing shareholder value.
Another significant development is Americold's strategic collaboration with Canadian Pacific Kansas City (CPKC) to develop new cold storage facilities. The first of these facilities will be located in Kansas City, Missouri, with an investment of $127 million. This project aims to create nearly 190 new jobs and will support CPKC’s Mexico Midwest Express service, enhancing the food supply chain between the U.S. and Mexico.
Americold's leadership in the industry is further underscored by its continuous expansion and implementation of advanced technologies and practices. The company's dedication to innovation and excellence ensures it remains a pivotal player in temperature-controlled logistics.
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.
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.
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