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) 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.
Americold Realty Trust (NYSE: COLD) reported strong Q2 2021 results, with total revenue rising 35.7% to $654.7 million, driven by strategic acquisitions. Global Warehouse segment revenue increased 35% to $503.7 million, while NOI rose 21% to $155.3 million. However, the company faced a net loss of $13.4 million due to COVID-19's impact on the food supply chain. The company initiated $111 million in new developments and completed acquisitions worth $488 million to enhance its market position. Despite optimistic growth, inventory normalization is not expected until mid-2022.
Americold Realty Trust (NYSE: COLD) will announce its second quarter 2021 financial results on August 5, 2021, after market close. A conference call will follow the same day at 5:00 p.m. ET. The call can be accessed via telephone or through a live webcast, available on the company’s Investor Relations website. Americold operates 242 temperature-controlled warehouses globally, with over 1.4 billion cubic feet of storage capacity. This position makes it a vital player in the food supply chain across various regions.
Americold Realty Trust (NYSE: COLD) has declared a dividend of $0.22 per share for Q2 2021, payable on July 15, 2021, to shareholders of record by June 30, 2021. As the largest publicly traded REIT specializing in temperature-controlled warehouses, Americold operates 242 facilities worldwide, with over 1.4 billion refrigerated cubic feet of storage. The company plays a critical role in the food supply chain, linking producers to consumers.
Americold Realty Trust (NYSE: COLD) reported a strong performance for Q1 2021, with total revenue increasing by 31.1% to $634.8 million, driven by acquisitions and development projects. However, the company experienced a net loss of $14.2 million, or $0.06 per diluted share. Global Warehouse segment revenue rose by 27% to $485.5 million, although same-store revenue decreased by 1.8%. The company reaffirmed its annual AFFO guidance of $1.36 - $1.46 and completed strategic acquisitions, enhancing its global presence with operations in 13 countries.
Americold Realty Trust (NYSE: COLD) will release its first quarter 2021 financial results on Thursday, May 6, 2021, after market close. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time, which will be available via webcast on Americold’s website. The company operates the largest network of temperature-controlled warehouses globally, with 238 facilities and over 1.41 billion cubic feet of refrigerated storage across various regions, playing a crucial role in the food supply chain connecting producers to retailers.
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.
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