Welcome to our dedicated page for Americold Realty Trust news (Ticker: COLD), a resource for investors and traders seeking the latest updates and insights on Americold Realty Trust 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 (NYSE: COLD) reported a robust 36.8% revenue increase in Q4 2021, totaling $716.5 million, largely due to acquisitions and market-driven rate escalations. However, the company faced a net loss of $8 million, a significant improvement from the previous year's loss of $44 million. The Global Warehouse segment generated $554.2 million in revenue, up 35.9%, with same-store revenue growth of 2.5%. The company announced plans for a $15 million expansion in Barcelona and a dividend of $0.22 per share for Q4 2021, reflecting a positive outlook amid ongoing supply chain challenges.
Americold Realty Trust (NYSE: COLD) will announce its fourth quarter and full year 2021 financial results on February 24, 2022, after market close. A conference call is scheduled for the same day at 5:00 p.m. ET. Investors can join the call by dialing 1-877-407-3982 domestically or 1-201-493-6780 internationally. A playback of the call will be available until March 10, 2022. Americold, headquartered in Atlanta, is the largest publicly traded real estate investment trust (REIT) focused on temperature-controlled warehouses, operating 248 facilities globally.
Americold Realty Trust (NYSE: COLD) announced the tax treatment of its common stock distributions for 2021. Shareholders are advised to consult personal tax advisors regarding their specific tax implications. The release detailed dividend declarations and payments for 2020 Q4 and 2021 Q1 through Q3, with key figures shared. Notably, the fourth quarter 2020 dividend of $0.21 per share and the fourth quarter 2021 dividend of $0.22 per share were highlighted, with certain portions classified as ordinary dividends and return of capital (ROC).
Americold Realty Trust (NYSE: COLD) has declared a $0.22 dividend per share for Q4 2021, payable on January 14, 2022, to shareholders on record by December 31, 2021. As the largest publicly traded REIT specializing in temperature-controlled warehouses, Americold operates 248 facilities globally, totaling over 1.5 billion refrigerated cubic feet in storage. This dividend announcement underscores the company's commitment to returning value to shareholders and reflects its operational strength in the logistics and food supply chain.
Americold Realty Trust (NYSE: COLD) updates its earnings call to November 3, 2021, maintaining an annual AFFO guidance of $1.15 - $1.20 per share. For Q3 2021, total revenue rose 42.5% to $708.8 million. Net income stood at $5.3 million, with Core FFO at $61.5 million. Global Warehouse segment revenue grew 39.7% to $542.0 million, despite a 5.1% drop in same-store NOI. Major acquisitions included ColdCo for $20.5 million and Newark Facility Management for $376.5 million. The company also expanded its Calgary facility for C$13.2 million.
Americold Realty Trust (NYSE: COLD) has appointed George Chappelle as Interim CEO following the termination of Fred Boehler. Mr. Chappelle, a veteran in the food industry with significant experience in logistics and supply chain, aims to continue Americold's operational excellence. The Board of Trustees has also added Rob Bass and Pamela Kohn as members, expanding the board from eight to ten. These changes signal a commitment to enhancing leadership and diversity within the company while maintaining focus on growth and shareholder value.
Americold Realty Trust (NYSE: COLD) will release its third quarter 2021 financial results after the market closes on November 4, 2021. A conference call to discuss these results will follow at 5:00 p.m. Eastern Time on the same day. Interested parties can access the live webcast through the company's Investor Relations webpage. Americold operates 246 temperature-controlled warehouses globally, playing a crucial role in the supply chain for food producers and retailers.
Americold Realty Trust (NYSE:COLD) has updated its full year 2021 AFFO guidance due to ongoing labor disruptions affecting food production. The new AFFO per share guidance is $1.15 to $1.20, down from the previous estimate of $1.34 to $1.40. Labor shortages are constraining occupancy and increasing costs, particularly in labor expenses. The company anticipates that warehouse segment same-store revenue growth will be between -2.0% to 0.0%, down from 0.0% to 2.0%. These changes reflect the current market conditions impacting operations and financial performance.
Americold Realty Trust (NYSE: COLD) has declared a dividend of $0.22 per share for Q3 2021. The cash dividend is payable on October 15, 2021, to shareholders of record as of September 30, 2021. As the largest publicly traded REIT focused on temperature-controlled warehouses, Americold operates 246 facilities with over 1.4 billion refrigerated cubic feet of storage across multiple continents. The company plays a crucial role in the supply chain for food distribution.
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