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Americold Realty Trust Inc. (COLD) Q3 FFO and Revenues Lag Estimates
ZACKS· 2024-11-07 14:21
Core Viewpoint - Americold Realty Trust Inc. reported quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.36 per share, but showing an increase from $0.32 per share a year ago, indicating a -2.78% surprise [1][2] Financial Performance - The company posted revenues of $674.17 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.99%, compared to $667.94 million in the same quarter last year [2] - Over the last four quarters, Americold Realty Trust has surpassed consensus FFO estimates three times, but has not been able to beat consensus revenue estimates during the same period [2] Stock Performance - Americold Realty Trust shares have declined approximately 16.6% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current consensus FFO estimate for the upcoming quarter is $0.37 on revenues of $711.51 million, and for the current fiscal year, it is $1.48 on revenues of $2.73 billion [7] Industry Outlook - The REIT and Equity Trust - Other industry, to which Americold Realty Trust belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]
Americold Realty Trust(COLD) - 2024 Q3 - Quarterly Results
2024-11-07 12:07
Exhibit 99.2 a mericolo. REALTY TRUST EARNINGS RELEASE & FINANCIAL SUPPLEMENT THIRD QUARTER 2024 Financial Supplement Third Quarter 2024 Overview PAGE Corporate Profile 3 Earnings Release 5 Selected Quarterly Financial Data 14 Financial Information Condensed Consolidated Balance Sheets 16 Condensed Consolidated Statements of Operations 17 Reconciliation of Net (Loss) Income to NAREIT FFO, Core FFO and Adjusted FFO 18 Reconciliation of Net (Loss) Income to NAREIT EBITDAre and Core EBITDA 20 Acquisition, Cybe ...
SAMUEL ADAMS INVITES YOU TO HAVE A COLD SAM ADAMS
GlobeNewswire News Room· 2024-10-02 14:00
Core Insights - Samuel Adams has launched a limited-edition At-Home Séance Kit aimed at enhancing the Halloween experience for beer lovers [1][2][3] - The kit is priced at $18.03 and includes various items to facilitate a themed séance, promoting engagement with the brand during the October season [3][4] Product Details - The At-Home Séance Kit includes an instruction card, a portrait of Samuel Adams, vials of Boston Dirt and Samuel Adams Hops, two pint glasses, and a candle [4] - The kit is designed to be used alongside Samuel Adams Octoberfest beer, which is highlighted as the ideal pairing for the séance experience [5] Seasonal Offerings - Samuel Adams Octoberfest is described as a hearty Märzen with an ABV of 5.3%, available in various packaging options with suggested retail prices ranging from $9.99 to $29.99 [6] - The Beer Fest Variety Pack includes seasonal brews such as Jack-O, Boston Lager, and Flannel Fest, catering to diverse consumer preferences during the fall [6] Company Background - Samuel Adams, founded in 1984, is recognized as a leading independent American craft brewer and played a significant role in the craft beer revolution [8] - The Boston Beer Company, which owns the Samuel Adams brand, also has a diverse portfolio that includes Truly Hard Seltzer, Twisted Tea, and other craft beer brands [9]
Essential Business Spotlight: Cold Storage
Seeking Alpha· 2024-09-25 19:05
Core Viewpoint - Chilton Capital Management's REIT Team focuses on investments in publicly traded real estate investment trusts (REITs) and related entities primarily in North America, emphasizing the advantages of liquidity, transparency, and total return characteristics of public REITs [1] Group 1: Team and Strategy - The REIT Team is led by co-portfolio managers Bruce Garrison and Matt Werner, with Garrison having over 40 years of experience in public REIT analysis [1] - The investment strategy combines real estate industry experience with traditional security selection methods to make informed investment decisions [1] - The REIT Team manages Separately Managed Accounts (SMAs) for high net worth individuals and institutions, and serves as a sub-advisor for the West Loop Realty Fund [1] Group 2: Investment Focus - The REIT Team invests in a variety of property types, including apartments, regional malls, shopping centers, lodging, office, industrial, self-storage, data centers/cell towers, and healthcare-related facilities [1] - The focus on public securities allows for diversification across geography, sector, strategy, property, and tenant while maintaining portfolio liquidity [1] Group 3: Company Background - Chilton Capital Management, established in 1996, provides investment advisory services for registered investment companies, private clients, family offices, endowments, foundations, retirement plans, and trusts [1] - The firm is independently owned and operated, with additional information available on the SEC's website [1]
Here is Why Growth Investors Should Buy Americold Realty Trust (COLD) Now
ZACKS· 2024-09-23 17:45
Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - Americold Realty Trust Inc. (COLD) is currently highlighted as a recommended growth stock based on the Zacks Growth Style Score system, which evaluates a company's growth prospects beyond traditional metrics [2] - The company has a favorable Growth Score and a top Zacks Rank, indicating strong potential for performance [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly attractive [4] - Americold Realty Trust has a historical EPS growth rate of 0.9%, but projected EPS growth for this year is 16.3%, significantly outperforming the industry average of 1.4% [5] Group 3: Asset Utilization - The asset utilization ratio, or sales-to-total-assets (S/TA) ratio, is an important metric for assessing efficiency in generating sales [6] - Americold Realty Trust has an S/TA ratio of 0.34, indicating that the company generates $0.34 in sales for every dollar in assets, compared to the industry average of 0.13, showcasing superior efficiency [7] Group 4: Sales Growth - Sales growth is another key indicator, with Americold Realty Trust expected to achieve a sales growth of 2.2% this year, surpassing the industry average of 1.6% [8] Group 5: Earnings Estimate Revisions - Trends in earnings estimate revisions are correlated with stock price movements, and a positive trend is favorable [9] - The current-year earnings estimates for Americold Realty Trust have been revised upward, with the Zacks Consensus Estimate increasing by 1.6% over the past month [10] Group 6: Investment Potential - The combination of a Zacks Rank 2 and a Growth Score of B positions Americold Realty Trust as a potential outperformer and a solid choice for growth investors [11]
Americold Realty Trust (COLD) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2024-09-23 17:02
Core Viewpoint - Americold Realty Trust Inc. (COLD) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Ratings - The Zacks rating system is based on changes in earnings estimates, which are tracked through the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - The recent upgrade reflects an improvement in Americold Realty Trust's earnings outlook, which is expected to positively impact its stock price [4][6]. Impact of Earnings Estimate Revisions - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [5][7]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, influencing their buying and selling actions, which subsequently affects stock prices [5]. Current Earnings Projections - For the fiscal year ending December 2024, Americold Realty Trust is projected to earn $1.48 per share, representing a 16.5% increase from the previous year [9]. - Over the past three months, the Zacks Consensus Estimate for Americold has risen by 3.1%, indicating a positive trend in earnings expectations [9]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [8]. - Americold Realty Trust's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10][11].
Americold Realty Trust, Inc. Sets Date for Third Quarter 2024 Earnings Release and Conference Call
GlobeNewswire News Room· 2024-09-17 20:15
ATLANTA, GA., Sept. 17, 2024 (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, today announced that the Company will release third quarter 2024 financial results before the market opens on Thursday, November 7, 2024. A conference call will be held on Thursday, November 7, 2024 at 8:00 a.m. ...
Americold Announces Pricing Terms for $500 Million Senior Unsecured Notes Offering
GlobeNewswire News Room· 2024-09-05 21:39
ATLANTA, GA., Sept. 05, 2024 (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 ...
Americold: 2 Likely Paths To Success For The Beaten REIT
Seeking Alpha· 2024-08-23 04:45
Jorg Greuel/DigitalVision via Getty Images Cold storage is a niche corner of industrial real estate often overlooked by investors. Thrown into the industrial bucket, cold storage facilities are highly specialized, capital intensive, and expensive. Investing in the world's largest refrigerators and freezers is a complicated business that requires subject matter expertise. For this reason, most REITs avoid the asset class altogether. Alternatively, many cold storage facilities that are traded are held under l ...
Americold Realty Trust(COLD) - 2024 Q2 - Quarterly Report
2024-08-08 20:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to , Commission File Number: 001-34723 AMERICOLD REALTY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 93-0295215 (State or other ...