Latest news with #AmericoldRealtyTrust
Yahoo
28-05-2025
- Business
- Yahoo
Americold Realty Trust Price Target Cut at Trust Securities on Disappointing Q1
On May 27, Truist Securities cut the price target for Americold Realty Trust, Inc. (NYSE:COLD) to $24 from $27 while maintaining a Buy rating. The cut comes on the stock experiencing a poor run in the market. The stock has shed 22% in market value year-to-date. The price target cut also comes from the company delivering disappointing first-quarter results and trimming full-year guidance. A Real Estate Investment Trust (REIT) property manager inspecting a newly acquired apartment complex. Americold Realty Trust delivered a 5.4% decrease in revenues in Q1 2025, which amounted to $629 million. In addition, it plunged into a net loss of $16.5 million or $0.06 a share compared to a net income per diluted share of $0.03 in Q1 of 2024. Its adjusted funds from operations stood at $95.7 million or $0.34 in the quarter. The disappointing financial results came on the company's global warehouse segment experiencing a 2.3% decrease in same-store revenues. However, Truist reiterated a Buy rating on the stock, buoyed by investments made to reinvigorate growth. The leader in temperature-controlled logistics and real estate acquired a facility in Houston, Texas, for $127 million. The acquisition is poised to add up to 35,700 pallet positions in the company's cold storage portfolio. Additionally, Americold Realty Trust reiterated its commitment to returning value to shareholders. It has increased its dividend payout by 5%, affirming strong cash flow generation. Nevertheless, the company has revised its AFFO estimate for 2025 to $1.42, down from the initial guidance of $1.52. Americold Realty Trust is a real estate investment trust (REIT) that owns and operates temperature-controlled warehouses and related services. It also provides warehouses for the cold food supply chain, linking food producers, processors, and retailers to consumers. While we acknowledge the potential of Americold Realty Trust, Inc. (NYSE:COLD) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COLD and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Americold Realty Trust Price Target Cut at Trust Securities on Disappointing Q1
On May 27, Truist Securities cut the price target for Americold Realty Trust, Inc. (NYSE:COLD) to $24 from $27 while maintaining a Buy rating. The cut comes on the stock experiencing a poor run in the market. The stock has shed 22% in market value year-to-date. The price target cut also comes from the company delivering disappointing first-quarter results and trimming full-year guidance. A Real Estate Investment Trust (REIT) property manager inspecting a newly acquired apartment complex. Americold Realty Trust delivered a 5.4% decrease in revenues in Q1 2025, which amounted to $629 million. In addition, it plunged into a net loss of $16.5 million or $0.06 a share compared to a net income per diluted share of $0.03 in Q1 of 2024. Its adjusted funds from operations stood at $95.7 million or $0.34 in the quarter. The disappointing financial results came on the company's global warehouse segment experiencing a 2.3% decrease in same-store revenues. However, Truist reiterated a Buy rating on the stock, buoyed by investments made to reinvigorate growth. The leader in temperature-controlled logistics and real estate acquired a facility in Houston, Texas, for $127 million. The acquisition is poised to add up to 35,700 pallet positions in the company's cold storage portfolio. Additionally, Americold Realty Trust reiterated its commitment to returning value to shareholders. It has increased its dividend payout by 5%, affirming strong cash flow generation. Nevertheless, the company has revised its AFFO estimate for 2025 to $1.42, down from the initial guidance of $1.52. Americold Realty Trust is a real estate investment trust (REIT) that owns and operates temperature-controlled warehouses and related services. It also provides warehouses for the cold food supply chain, linking food producers, processors, and retailers to consumers. While we acknowledge the potential of Americold Realty Trust, Inc. (NYSE:COLD) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COLD and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Americold Realty Trust, Inc. Declares Second Quarter 2025 Dividend
ATLANTA, GA, May 20, 2025 (GLOBE NEWSWIRE) -- Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced that its Board of Directors has declared a dividend of $0.23 per share for the second quarter of 2025, payable to holders of the Company's common stock. This is consistent with the dividend for the first quarter of 2025 and reflects an increase of 5% from the prior year. The dividend will be payable in cash on July 15, 2025 to stockholders of record at the close of business on June 30, 2025. About Americold Realty Trust, Inc. Americold is a global leader in temperature-controlled logistics real estate and value-added services. Focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, Americold owns and/or operates 238 temperature-controlled warehouses, with approximately 1.4 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America. Americold's facilities are an integral component of the supply chain connecting food producers, processors, distributors, and retailers to consumers. Contacts:Americold Realty Trust, RelationsTelephone: 678-459-1959Email: in to access your portfolio
Epoch Times
08-05-2025
- Business
- Epoch Times
Americold Says Tariff Impact Limited, Offers Cautious Outlook
Atlanta-based cold storage warehouse and logistics operator Americold Realty Trust told Wall Street analysts on May 8 that tariffs and U.S. trade policy have had a limited 'direct' impact on its fast-growing global operations, but are indirectly affecting its future growth. Americold CEO George Chappelle said during the company's first-quarter conference call that the Atlanta-based cold storage real estate investment trust (REIT) was updating its yearly guidance based on declining consumer confidence related to tariffs, rather than the Trump administration's trade policy itself. 'The prevailing view is that customers have cut their inventories as much as they probably could cut them,' Chappelle said. 'Beyond the direct impacts and the ongoing trade rhetoric, the changing tariff situation has already had an impact on consumer confidence, causing our customers to adjust their product portfolios and driving inventory levels down.' On a positive note, Chappelle said export and import activity represented only a small percentage of the company's revenues. In addition, owing to the U.S.–Mexico–Canada (USMCA) agreement signed by the Trump administration in 2020 to replace the North American Free Trade Agreement (NAFTA), the nation's largest cold storage operator is exempt from the recent national emergency tariffs. In addition, although produce and seafood are the largest imported food categories into the United States, they represent only a small percentage of the company's cold storage business. 'In general, our products tend to be center of the plate, relying heavily on proteins, potatoes and prepared foods,' said Chappelle. 'These products historically have been more insulated from demand fluctuations than more expensive, higher-end steak and seafood products.' Related Stories 5/8/2025 5/8/2025 Based on those changing economic conditions, Americold revised its yearly outlook from $1.51 to $1.59 per adjusted funds from operations (FFO), representing a 4.4 percent decrease to the range of $1.42 to $1.52 per share. Adjusted FFO is a closely watched financial metric in the REIT industry, as it takes net income and adds back items such as depreciation and amortization. For the three months ending March 31, the Atlanta-based real estate investment trust reported a net loss of $15.1 million, or 6 cents per share, compared with a net income of $9.8 million, or 3 cents per share, in the same period a year ago. Total revenues fell to $629 million, a 5.4 percent decline compared with the first quarter of 2024. On an adjusted FFO basis, Americold reported first-quarter earnings of $95.7 million, or 35 cents per share, down 8.8 percent compared to $104.9 million, or 37 cents per share, in the same period last year. Wall Street had expected the cold storage operator to report first-quarter adjusted FFO earnings of 35 cents per share on revenue of $667.1 million. During the conference call ahead of the opening bell on May 8, Chappelle highlighted Americold's The acquired facility, constructed in 2022, has a capacity of 10.7 million cubic feet and is in the Cedar Port Industrial Park in Baytown, Texas. The acquisition includes approximately 16 acres of adjacent land that could be used for future expansion projects. Following a planned expansion and equipment upgrades, the facility will add approximately 35,700 pallet positions to Americold's cold storage warehouse portfolio, according to company officials. As part of its aggressive U.S. and global growth, Americold said it still plans to bring previously announced expansion projects in Kansas City, Missouri; Allentown, Pennsylvania; and Dubai, United Arab Emirates into its operations in the second quarter. First announced in February 2024, Americold is investing $127 million through a strategic partnership with Canadian Pacific Kansas City (CPKC) to co-locate Americold warehouse facilities on the CPKC network. That project, which is expected to create nearly 200 new jobs in Missouri, will support CPKC's MMX service, North America's only single-line rail service for refrigerated shippers between U.S. Midwest markets and Mexico, company officials said. Americold is also building a new $35 million, state-of-the-art cold storage Construction began in early 2024 and is expected to more than triple the current capacity in the Dubai market to over 70,000 pallet positions. Globally, Americold now operates 239 climate-controlled warehouses with approximately 1.5 billion refrigerated cubic feet of storage. Americold's shares fell 5.98 percent, or $1.10, to close at $17.31 on the New York Stock Exchange on May 8. Over the past 52 weeks, the stock has Americold Realty's dividend yield is 4.76 percent. The company paid $0.92 per share in dividends over the past 12 months. REITs, such as Americold, are required to distribute at least 90 percent of their net earnings to shareholders as dividends.
Globe and Mail
10-04-2025
- Business
- Globe and Mail
Americold Realty Trust, Inc. Sets Date for First Quarter 2025 Earnings Release and Conference Call
ATLANTA, GA., April 10, 2025 (GLOBE NEWSWIRE) -- Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced that the Company will release first quarter 2025 financial results before the market opens on Thursday, May 8, 2025. A conference call will be held on Thursday, May 8, 2025 at 8:00 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investor Relations section of the Company's website at To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software. To Participate in the Telephone Conference Call: Dial in at least 5 minutes prior to start time: Domestic: 1-877-407-3982 International: 1-201-493-6780 Conference Call Playback: Domestic: 1-844-512-2921 International: 1-412-317-6671 Pass code: 13750775 The playback can be accessed through May 22, 2025. About Americold Realty Trust, Inc. Americold is a global leader in temperature-controlled logistics real estate and value-added services. Focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, Americold owns and/or operates 239 temperature-controlled warehouses, with approximately 1.4 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America. Americold's facilities are an integral component of the supply chain connecting food producers, processors, distributors, and retailers to consumers.
