Stock of the Day

January 6, 2020

Americold Realty Trust (COLD)

$15.96
+$0.05 (+0.3%)
Market Cap: $4.54B

About Americold Realty Trust

Americold Realty Trust, Inc. is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm's real estate portfolio. The Third-Party Managed segment manages warehouses on behalf of third parties and provides warehouse management services to food retailers and manufacturers in customer-owned facilities. The Transportation segment is involved in brokering and managing transportation of frozen and perishable food and other products. The Other segment includes ownership in a limestone quarry in Carthage, Missouri. The company was founded in 1931 and is headquartered in Atlanta, GA.

Today's Trend

Americold Realty Trust Inc. (NYSE: COLD) is moving higher after a strong batch of quarterly news that pointed to better-than-expected operating results and a major strategic deal.

  • Americold reported Q1 EPS and AFFO above expectations, with revenue also beating estimates, which suggests improving execution in its temperature-controlled logistics business. Americold Realty Trust earnings report
  • The company announced a $1.3 billion North American cold-storage joint venture with EQT, which it says will strengthen the balance sheet and provide more flexibility to invest for growth. Americold and EQT joint venture announcement
  • Management raised FY 2026 EPS guidance to 1.20-1.30, above the market’s prior expectation of 1.18, reinforcing confidence in the company’s outlook. Reuters article on Americold EQT joint venture
  • Analysts and earnings previews focused on whether Americold could narrow losses, but the company’s reported results and guidance update largely answered that question for now. Americold earnings preview
  • Quarterly revenue growth was only modest year over year, so investors may still be watching for stronger top-line momentum. Zacks earnings metrics article

Overall, Americold Realty Trust (COLD) is up because investors are reacting to a clean earnings beat, better guidance, and a large JV that could improve financial flexibility and support longer-term growth.

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