Americold Realty Trust(US:COLD) Yahoo Financeยท2025-09-28 23:43Company Overview - Americold Realty Trust (COLD) is currently trading at approximately $12.83, with a forward P/E ratio of 27.89 [1] - The company is viewed as a compelling investment opportunity due to its historic discount, trading at around 5.8x net debt to EBITDA and over a 50% discount to the analyst consensus NAV of approximately $28 [2] Market Dynamics - The cold storage market is experiencing growth driven by increasing demand for frozen food, pharmaceuticals, and e-commerce [3] - Americold and Lineage control about 54% of the North American market share, indicating limited new supply in the face of rising demand [3] Financial Performance - Americold has shown growth in Funds From Operations (FFO), with analyst projections indicating a 7-10% growth in Net Operating Income (NOI) for the next year [3] - The implied cap rate for Americold is in the double digits, significantly above historical private market sales trends in the cold storage sector [2] Investment Thesis - The current risk-reward profile for investing in Americold appears favorable due to its historically low share price, adequate dividend coverage, and substantial NAV gap compared to private market trends [4] - The company is considered a top position in Nugget Capital Partners' portfolio, highlighting its strong market position and resilience in the cold storage industry [4][5]