Americold Realty Stock Price, News & Analysis

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.

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.