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 webcas ...

I rate Americold Realty Trust, Inc. (NYSE: COLD ) a Hold for investors looking for long-term buy and hold investments. Since its IPO in 2018, the industrial real estate investment trust (REIT) price shot higher on enthusiasm for the company, then droppedDavid A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment fun ...

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ATLANTA, GA., March 25, 2025 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company” or “Americold”), 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, announced today that its operating partnership, Americold Realty Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), has priced an underwritten public offer ...

To accommodate customer growth, Americold Realty Trust (COLD) recently announced the signing of an agreement to acquire a facility in Houston, TX, for approximately $127 million, which includes planned expansions and equipment upgrades.This strategic move aligns with the company’s strategy to expand its market-leading presence in the high-turn retail segment of the cold storage supply chain.The facility, constructed in 2022, is located in the Cedar Port Industrial Park in Baytown, TX. The acquisition of thi ...

ATLANTA, March 17, 2025 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE:COLD) (the "Company"), 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, announced today it has signed an agreement to acquire a facility in Houston, Texas for a total investment of approximately $127 million including planned expansion and equipment upgrades. The acquisition will add rou ...

ATLANTA, GA, March 17, 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 first quarter of 2025, payable to holders of the Company's common stock. The dividend will be payable in cash on April 15, 2025 to stockhol ...

Acquisitions and Investments - In 2023, the company acquired Safeway for $24.0 million and Ormeau for AUD$35.1 million (approximately $23.5 million)[24]. - The company purchased a 49% equity interest in RSA Cold Holdings Limited for $4.0 million, which included a cold storage warehouse in Dubai[25]. - The company sold its remaining 15% equity interest in the LATAM JV for total proceeds of $36.9 million[26]. Project Orion - The company announced "Project Orion" in February 2023, with implementation costs of $161.4 million aimed at transforming technology systems and business processes[39]. - The unamortized balance of Project Orion deferred costs was $80.5 million as of December 31, 2024[39]. - The amortization expense recognized for the Project Orion ERP implementation was $4.2 million for the year ended December 31, 2024[41]. Warehouse Operations and Revenue - As of December 31, 2024, the company operated a global network of 239 temperature-controlled warehouses, encompassing approximately 1.4 billion cubic feet[19]. - The company aims to increase committed revenues in its warehouse segment by transitioning to fixed storage commitments from an as-utilized basis[33]. - The company is focused on expanding its portfolio of temperature-controlled warehouses through strategic acquisitions and development opportunities[34]. - The company anticipates continued outsourcing of temperature-controlled warehousing needs by food producers and retailers, capitalizing on this trend[35]. - The company is well-positioned to benefit from e-commerce growth, serving as a bridge between food producers and fulfillment centers[37]. - As of December 31, 2024, the company served approximately 3,200 customers, with the top 25 customers generating 51% of total warehouse segment revenues[49]. - The company’s warehouse segment revenues from the top 25 customers were 51%, 49%, and 47% for the years ended December 31, 2024, 2023, and 2022, respectively[49]. Workforce and Training - The company has a global workforce of approximately 13,755 employees, with 78% located in North America[61]. - The company successfully negotiated and renewed 16 collective bargaining agreements in 2024, with no work stoppages[62]. - The company completed over 316,890 hours of training for associates in 2024, enhancing leadership capabilities across the organization[69]. - The company expects to engage in negotiations for an additional 12 collective bargaining agreements in 2025, covering approximately 5% of the associate population[63]. - Approximately 31% of the company's associates are represented by local labor unions, with 79 out of 239 warehouses having unionized associates[62][63]. Safety and Compliance - Americold finished 2024 with a Total Recordable Incident Rate (TRIR) of 2.24, significantly below the industry average of 4.3[75]. - The company is self-insured for workers' compensation and health insurance under a large-deductible program, with accrued liabilities deemed appropriate for covering losses[103]. - The company’s facilities are subject to various environmental laws, and non-compliance could materially affect business operations and financial condition[91]. - The company must comply with the Food Safety Modernization Act, which requires a food safety system that includes hazard analysis and preventive controls[93]. - The company carries comprehensive insurance coverage, including general liability and environmental coverage, deemed adequate for its properties[102]. Sustainability and Community Engagement - The company’s warehouses utilize energy-efficient technologies, including LED lighting and solar power, to improve energy efficiency[42]. - In 2024, associates recorded over 5,800 volunteer hours supporting global causes, including over 800,000 lbs. of food transported, resulting in over 660,000 meals for families in need[73]. - The Corporate Sustainability Reporting Directive (CSRD) will require detailed sustainability-related reports starting in 2025, potentially increasing compliance costs[99]. - The company is committed to conducting business consistent with high ethical standards, including a supplier code of conduct and an anonymous Ethics Helpline[87]. - The company has adopted a Human Rights Policy overseen by its Board, ensuring compliance with the United Nations Universal Declaration of Human Rights[88]. Technology and Process Improvement - The company is deploying a global ERP system to enhance data accuracy and streamline processes[70]. - The company has implemented fixed commitment contracts with certain customers to mitigate revenue volatility caused by seasonality[53]. - Americold's safety software system, Vector, will be redeployed globally in 2025 to enhance hazard recognition and reporting among associates[82].

Unlocking Growth through our Infrastructure, Expertise and Partnerships Corporate Deck | February 2025 1 Global leader in the attractive cold storage industry with an integrated network of high-quality, strategically located mission-critical warehouses 2 Unique value proposition with unparalleled expertise, partnerships with industry experts, scalable infrastructure, and leading technology and operating systems 3 Disclaimer This presentation contains statements about future events and expectations that cons ...

Financial Data and Key Metrics Changes - In Q4 2024, same-store NOI was approximately $204 million, a 6% increase from the prior year, while AFFO was approximately $106 million, or $0.37 per share [19][20] - Full-year 2024 AFFO was $1.47 per share, reflecting a 40% increase over the past two years [20] - The company achieved a 16% increase in AFFO per share compared to 2023 [21] Business Line Data and Key Metrics Changes - Same-store rent and storage revenue per economically occupied pallet increased by approximately 3% year-over-year, while same-store services revenue for throughput pallets increased by approximately 6% [14][32] - Same-store warehouse services margin finished at 13%, up almost 7 percentage points from the previous year [14] - The company generated an incremental $125 million of same-store warehouse services NOI in 2024, exceeding its $100 million commitment made two years ago [13] Market Data and Key Metrics Changes - Economic occupancy is expected to remain generally flat in 2025, with a potential increase or decrease of 100 basis points compared to 2024 [26] - Throughput volumes are anticipated to increase by 100 to 200 basis points from 2024 [26] - The company expects a normalized year of general rate increases and renewals in pricing [26] Company Strategy and Development Direction - The company plans to focus on strategic partnerships, low-risk expansions, and customer-dedicated developments in 2025 [22] - A new import-export hub is planned in Canada for approximately $79 million, which will integrate Americold's warehouse solutions with maritime logistics capabilities [23] - The company is also expanding its facility in Christchurch, New Zealand, for approximately $34 million to support a major grocery retailer [24] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth prospects for 2025, citing successful partnerships and capital deployment [59] - The company anticipates stabilization in the market and a return to traditional seasonal trends, with expectations for occupancy gains in the latter half of the year [25][26] - Management noted that the gap between economic and physical occupancy is expected to widen as fixed commitments increase [67] Other Important Information - The company has maintained a low associate turnover rate of 32%, which is approximately 10% better than historical levels [12] - Americold's partnership with Feed the Children has delivered nearly 2 million pounds of food to underserved communities over the past decade [28] Q&A Session Summary Question: Occupancy target and economic vs. physical occupancy - Management expects flat economic occupancy for the year, with seasonal trends indicating lower occupancy in the first half and higher in the second half [66][67] Question: Service margin expectations - Management indicated that service margins are expected to exceed 12%, with potential for further improvement depending on business mix and throughput volume [71][72] Question: Customer feedback on normalization - Management noted that inventory levels are low, and they expect throughput to increase, indicating a stabilization in the market [76][77] Question: Factors for return to normal seasonality - Management highlighted the importance of sales initiatives and customer inventory levels in driving occupancy in the second half of the year [89][90] Question: New business pipeline details - The probability-weighted new business pipeline is estimated at over $200 million, with a focus on long-term deals and market share gains [95][96]