Core Insights - Americold Realty Trust Inc (COLD) is currently ranked in the top 50% of dividend stocks, indicating strong fundamentals and attractive valuation for investors [1] - The stock has recently entered oversold territory with a Relative Strength Index (RSI) of 26.9, suggesting potential buying opportunities as the stock price has dropped to $26.14 [2][3] - COLD's annualized dividend is $0.88 per share, translating to an annual yield of 3.29% based on the recent share price of $26.77, making it appealing for dividend investors [2] Fundamental Analysis - The recent heavy selling of COLD shares may be nearing exhaustion, presenting a potential entry point for bullish investors [3] - Investors are encouraged to examine COLD's dividend history to assess the likelihood of continued dividend payments, as dividends can be unpredictable [3]

Group 1 - Americold Realty Trust (NYSE: COLD) shares have reached a new all-time low following a recent decline [1] - The stock is currently offering a very low valuation and its highest dividend yield ever [1]

Summary of Key Points Core Viewpoint - Evercore ISI has reduced the price target for Americold Realty Trust (COLD) from $22 to $19 while maintaining an Outperform rating on the shares, indicating a positive outlook despite the price adjustment [1]. Company Adjustments - The price target adjustment was made following a recent REIT conference, which provided insights from company meetings and broader market conditions [1].

Core Points - Americold Realty Trust declared a dividend of $0.23 per share for Q3 2025, consistent with Q2 2025 and reflecting a 5% increase from the previous year [1] - The dividend will be payable on October 15, 2025, to stockholders of record as of September 30, 2025 [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 1.5 billion refrigerated cubic feet [2] Industry Role - Americold's facilities are integral to the global food supply chain, connecting producers, processors, distributors, and retailers [3] - The company leverages industry expertise, smart technology, and sustainable practices to deliver world-class service and create lasting value for customers and communities [3]

Core Viewpoint - Americold Realty Trust has appointed Robert S. Chambers as the new CEO effective September 1, 2025, following George Chappelle's retirement after a 40-year career, highlighting a commitment to long-term succession planning and leadership continuity [1][5]. Company Leadership - Robert S. Chambers has extensive leadership experience in warehouse and supply chain management, currently serving as President of Americold, overseeing global operations and commercial strategy [2][3]. - Chambers has been with Americold for 12 years, contributing significantly to the company's commercial practices and corporate strategy [2]. - His previous roles include President of Americas, Executive Vice President and Chief Commercial Officer, and Vice President of Commercial Finance [2]. Industry Experience - Chambers has a broad background in supply chain and logistics, having served as CFO of Saia Inc. and held leadership roles at CEVA Logistics [3]. - He is a licensed CPA and Chartered Global Management Accountant, with prior experience at KPMG [3]. Board and Leadership Support - Mark Patterson, Chairman of the Board, expressed confidence in Chambers' leadership, citing his strategic vision and contributions to Americold's success over the past 12 years [4]. - The Board acknowledges George Chappelle's leadership and contributions, emphasizing the strong foundation established for future growth [4]. Company Outlook - Americold reaffirms its full-year 2025 financial outlook, focusing on disciplined execution, operational excellence, and long-term value creation [4][5]. - The company will participate in several investment conferences to engage with investors and showcase its leadership team [6]. Company Overview - Americold is a global leader in temperature-controlled logistics and real estate, with over 230 facilities worldwide, totaling approximately 1.5 billion refrigerated cubic feet [7]. - The company plays a crucial role in the global food supply chain, connecting various stakeholders with tailored services supported by reliable supply chains [8].

Group 1 - The article discusses the differences in long-term investing strategies within the real estate industry [1] - It highlights the author's experience in publishing various articles related to different aspects of real estate [1] Group 2 - There is no relevant content in this section to summarize [2]

Core Insights - Americold Realty Trust has opened a new Import-Export Hub in Kansas City, Missouri, with an investment exceeding $100 million, enhancing its logistics capabilities in temperature-controlled services [1][2]. Group 1: Facility Details - The new facility spans 335,000 square feet and is Americold's first on the Canadian Pacific Kansas City (CPKC) rail network, serving as a key hub for the Mexico Midwest Express (MMX), the only single-line rail service for refrigerated goods between the U.S. and Mexico [2]. - Key features of the hub include on-site USDA inspections to eliminate border delays, a load capacity exceeding 50,000 pounds per container to reduce highway congestion, and a 300-mile service radius to support regional food flow [3]. Group 2: Strategic Importance - The hub is designed to be a strategic consolidation point for longer-haul shipments, particularly for customers facing border inefficiencies or trucking capacity challenges, thereby improving the overall supply chain for temperature-controlled products across North America [3][4]. - The facility represents a collaboration between Americold and CPKC, aiming to create a new North American cold chain that enhances the efficiency of food movement from producers to consumers [4]. Group 3: Economic Impact - The project is expected to create nearly 190 new jobs and significantly enhance regional and cross-border food logistics, contributing to the local economy [5]. - Local officials, including the Mayor of Kansas City and the Governor of Missouri, have highlighted the importance of this investment in strengthening the logistics infrastructure and creating opportunities for local talent [6]. Group 4: Company Background - Americold is a global leader in temperature-controlled logistics and real estate, with over 230 facilities across North America, Europe, Asia-Pacific, and South America, totaling approximately 1.4 billion refrigerated cubic feet [7]. - The company focuses on connecting producers, processors, distributors, and retailers with tailored, value-added services supported by responsive and reliable supply chains [8].

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, 2025 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 | | --- | ...

分组1 - Americold Realty Trust Inc. reported quarterly funds from operations (FFO) of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, but down from $0.38 per share a year ago, representing an FFO surprise of +5.88% [1] - The company posted revenues of $650.75 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.50%, but down from $660.96 million year-over-year [2] - Over the last four quarters, Americold Realty Trust has surpassed consensus FFO estimates two times and topped consensus revenue estimates once [2] 分组2 - The stock has underperformed, losing about 24.3% since the beginning of the year, compared to the S&P 500's gain of 7.9% [3] - The current consensus FFO estimate for the coming quarter is $0.37 on revenues of $695.46 million, and for the current fiscal year, it is $1.43 on revenues of $2.68 billion [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 40% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Data and Key Metrics Changes - Q2 AFFO per share was $0.36, with the first half performance largely on track despite ongoing market pressures [8][25] - Same store economic occupancy declined slightly in Q2 compared to Q1, with expectations for a decrease of approximately 250 to 450 basis points for the year [4][26] - Same store rent and storage revenue for economic occupied pallets increased by approximately 1% year over year, while same store services revenue for throughput pallets increased by 4% [6][11] Business Line Data and Key Metrics Changes - Rent and storage revenue from fixed commitments remained at 60% for the quarter, reflecting the quality of mission-critical assets [5][12] - Warehouse services margins improved by 90 basis points year over year to 13.3% for the quarter, indicating enhanced productivity from a well-trained workforce [5] - The company successfully converted over 80% of previously announced $200 million probability-weighted sales, although occupancy ramp for new customers is taking longer than expected [14] Market Data and Key Metrics Changes - The storage market remains highly competitive, with pricing pressure expected to continue into the second half of the year [38][41] - The company is experiencing demand headwinds due to factors such as interest rates, tariffs, inflation, and excess capacity, impacting occupancy rates across the industry [8][26] - The international business, particularly in Asia Pacific, is performing well with occupancy rates above 90% [94] Company Strategy and Development Direction - The company is focused on controlling costs, improving efficiencies, and capturing new business, particularly in the retail and QSR segments [9][69] - Several key development projects were completed in Q2, including expansions in Allentown and Kansas City, which are expected to drive future growth [17][19] - The company is actively pursuing alternative growth opportunities in underserved geographies, particularly in Asia Pacific [23][94] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook for the second half of the year, anticipating continued pressure on occupancy levels and pricing [8][26] - The company is taking a conservative view of the market, removing the traditional seasonal inventory build from forecasts [8][26] - Management emphasized the importance of operational excellence and value-added services as differentiators in a challenging market [41][69] Other Important Information - The company completed a $400 million public bond offering to repay a portion of outstanding borrowings, maintaining a total liquidity of approximately $937 million [29][30] - The company is rationalizing its portfolio by selling underperforming assets, with plans to exit six more facilities [31][32] Q&A Session Summary Question: How competitive is the current pricing environment? - The storage market remains very competitive, with pricing pressure expected to continue until occupancy growth returns [36][38] Question: Can you provide details on fixed commitments and customer contracts? - Fixed commitments are structured as multiyear agreements with fixed monthly fees, allowing customers to secure space during peak seasons [43][45] Question: What factors are impacting revenue growth in the second half of the year? - Revenue growth is being suppressed by pricing pressure and multiple demand headwinds, including interest rates and inflation [50][52] Question: How is the company managing capital deployment and return hurdles? - The company aims for a return on invested capital of 10% to 12% for new developments, focusing on low-risk projects [57][59] Question: What is the outlook for occupancy in Q3 and Q4? - The company does not expect any seasonal uplift in occupancy for the second half of the year, with Q3 likely to mirror Q1 and Q2 [63][64] Question: Are customers integrating their cold chain needs more? - Some large customers are maximizing their own cold storage capacity, which is a normal business practice, but this is not significantly impacting demand [72][74]