Industry Overview - The broader cold storage industry is experiencing a decline due to oversupply [1] - Lineage (LINE) presents a compelling investment opportunity due to its technological leadership [1] Company Analysis - Lineage has structural cost advantages over competitors like Americold [1] - The company's technological advancements contribute to its competitive edge in the market [1]

Core Insights - Americold Realty Trust (COLD) has partnered with On the Run (OTR) to enhance storage and distribution solutions for OTR's supply chain in Adelaide, Australia, and its expanding national presence [1][7] Group 1: Partnership and Expansion - The partnership with OTR allows Americold to leverage its expertise in managing high-service inventory, particularly in the Quick Service Restaurant (QSR) sector, where it supports over 1,500 locations across five major brands in the Asia-Pacific region [2][3] - This collaboration signifies a strategic move for Americold into the convenience retail sector, marking a significant milestone in its expansion efforts [3][5] Group 2: Market Opportunities - Australia and New Zealand present substantial opportunities for cold chain innovation, with Americold's investments and operational capabilities aligning with increasing consumer demands for freshness and convenience [3][4] - The partnership is expected to diversify Americold's customer base and create new, recurring revenue streams, contributing to sustained growth [5] Group 3: Operational Efficiency - Americold's operations in Adelaide are designed for speed, accuracy, and flexibility, which are essential for the P&C retail sector, as highlighted by Richard Winnall, president of International, Americold [4]

Core Insights - Americold Realty Trust has announced a strategic partnership with On the Run, marking its entry into the convenience store distribution sector [1][6] - The partnership aims to leverage Americold's expertise in managing fast-turning inventory to support OTR's supply chain, showcasing the company's adaptability and commitment to growth [2][6] - Despite positive developments, Americold's stock has experienced fluctuations, currently priced at $12.13, reflecting a decrease of 1.94% [4][6] Company Overview - Americold Realty Trust is a leader in temperature-controlled logistics, with a market capitalization of approximately $3.45 billion [5] - The company has experience managing inventory for over 1,500 Quick Service Restaurant locations across Asia-Pacific, which is now being applied to the convenience retail market [2] Stock Performance - Americold's stock has fluctuated between a low of $12.09 and a high of $12.32 during the trading day, with a current price of $12.13 [4] - Over the past year, the stock has reached a high of $23.52 and a low of $10.10, indicating volatility in its performance [5]

Company Overview - Americold has entered a cooperation agreement with Ancora Group Holdings, adding two board members and establishing a new finance committee to oversee shareholder value initiatives [1] - The board size has increased to 11 directors, with plans to reduce it by one seat at the 2026 annual meeting [3] Board Appointments - Joseph Reece and Stephen Sleigh have been appointed to the board and will serve on the finance committee, with Reece also joining the investment committee and Sleigh on the audit committee [2] Financial Strategy - The finance committee will review the company's portfolio for potential sales or divestitures, focus on reducing debt, and maintain dividends [3] - Americold's net debt burden stands at $4.1 billion, with a net debt-to-last 12 month's core EBITDA ratio of 6.7 times as of the end of the third quarter [4] Financial Performance - Americold has recorded net losses of $26 million in the first three quarters of the year, following losses of $94 million in 2024 and $336 million in 2023 [4] - Adjusted funds from operations (AFFO) were $420 million and $352 million in the prior-year periods, with $300 million so far in 2025 [4] Industry Context - The temperature-controlled real estate market is facing challenges due to inflated food costs and a post-pandemic supply overhang, with competitors indicating the market is nearly 10% overbuilt [5] - New warehouse deliveries are expected to increase by 4% this year but will slow to 1.5% next year, which may help occupancy rates rebound [5] Credit Agreement - Americold has amended a credit agreement to provide a new $250 million unsecured line, intended to repay approximately $200 million in notes due next month [6]

ATLANTA and ADELAIDE, Australia, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Americold Realty Trust (NYSE: COLD) (“Americold” or 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 a new partnership with On the Run (“OTR”), one of Australia’s most recognized P&C brands. Americold will provide storage and distribution services to support OTR’s su ...

Core Viewpoint - Americold Realty Trust has appointed two new independent directors and formed a Finance Committee to enhance shareholder value, while entering into a cooperation agreement with Ancora Group Holdings LLC to facilitate collaboration with significant shareholders [2][3][4]. Group 1: Board Appointments and Committee Formation - Joseph Reece and Stephen Sleigh have been appointed to Americold's Board of Directors, bringing valuable governance experience and expertise in corporate finance and shareholder engagement [2][3]. - A new Finance Committee has been established to review the company's portfolio and make recommendations regarding potential sales or divestitures, including international opportunities [3]. Group 2: Strategic Focus and Collaboration - The Finance Committee will also focus on reducing debt, maintaining dividends, and preserving core assets for long-term benefits [3]. - The collaboration with Ancora is aimed at enhancing governance and value creation, with Ancora agreeing to support the Board's full slate of directors at the 2026 Annual Meeting [4]. Group 3: Company Overview and Market Position - Americold is a leader in temperature-controlled logistics with over 230 facilities globally, ensuring efficient movement of refrigerated products [6][7]. - The company emphasizes its role in the global food supply chain, leveraging technology and sustainable practices to deliver value [8].

Group 1 - Baird downgraded Americold Realty Trust (COLD) and Lineage (LINE) to Neutral from Outperform due to pressures from increased supply and better opportunities in other REIT sectors [2] - Analyst Nicholas P. Thillman stated that simply being "cheap" is not a sufficient investment thesis for these companies [2]

Core Viewpoint - Americold Realty Trust has declared a quarterly dividend of $0.23 per share for Q4 2025, reflecting a 5% increase from the previous year, consistent with the Q3 2025 dividend [1] Group 1: Company Overview - Americold Realty Trust is a global leader in temperature-controlled logistics and real estate, with over 120 years of innovation and reliability [2] - The company operates more than 230 facilities across North America, Europe, Asia-Pacific, and South America, totaling approximately 1.4 billion refrigerated cubic feet [2] Group 2: Business Operations - Americold's facilities are integral to the global food supply chain, connecting producers, processors, distributors, and retailers [3] - The company leverages deep industry expertise, smart technology, and sustainable practices to deliver world-class service [3]

Core Insights - Americold Realty Trust Inc. (NYSE:COLD) experienced a significant share price increase of 18.4% week-on-week, driven by seasonal demand for temperature-controlled services ahead of the Christmas season [1] - The company's stock price reached a high of $12.83 during intra-week trading, closing at $12.73, influenced by broader market optimism following a 25 basis point cut in the Federal Reserve's benchmark rate [2] Financial Performance - For the third quarter, Americold reported a widened attributable net loss of $11.37 million, a 207% increase from a loss of $3.7 million in the same period last year [5] - Total revenues decreased by 1.5% to $663.7 million from $674.17 million year-on-year, primarily due to lower volumes in the warehouse segment and a decline in transportation revenue [6] Future Outlook - The company reaffirmed its full-year 2025 outlook, targeting a revenue growth of 1 to 2% for the warehouse segment, while same-store revenues are projected to decline by up to 4% or remain flat year-on-year [3] - Non-same-store net operating income (NOI) is estimated to be between $7 million and $13 million, with transportation and management NOI expected to be in the range of $40 million to $44 million [4]

We recently published 10 Stocks Boasting the Biggest Gains; 4 Hit Record Highs. Americold Realty Trust, Inc. (NYSE:COLD) is one of the best performers on Wednesday. Americold Realty rallied for a second day on Wednesday, jumping 10.39 percent to close at $12.43 apiece as investor sentiment was bolstered by a broader market optimism coupled with its reaffirmation of growth outlook for 2025. The company mirrored a broader market sentiment fueled by the Federal Reserve’s implementation of a 25-basis-point r ...