We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
Americold Realty Trust (NYSE: COLD) (the "Company" or "Americold"), the world’s largest publicly traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, today announced that the Company has completed its initial investment in SuperFrio Armazéns Gerais SA ("SuperFrio"), a leading temperature-controlled storage operator in Brazil, to form a strategic joint venture. Americold acquired approximately 15% of SuperFrio for BRL $118 million (equivalent to approximately USD $26 million based on current exchange rates) in cash consideration. Under the terms of the agreement, Americold has committed to fund up to an additional BRL $127 million (equivalent to approximately USD $28 million based on current exchange rates), at its pro-rata share for the joint venture’s acquisition and development activity over the next two years.
Q1 2020 Americold Realty Trust Earnings Call
As performance of REITs depends on the underlying asset types and location of properties, not all companies suffered pandemic-related setbacks in Q1.
Americold Realty Trust (NYSE: COLD) (the "Company" or "Americold"), the world's largest publicly-traded owner and operator of temperature-controlled warehouses, today provided an update on the Company's actions amid the COVID-19 pandemic.
Americold Realty Trust (NYSE: COLD) (the "Company" or "Americold") announced today that the Company will release first quarter 2020 financial results after the market closes on Thursday, May 7, 2020. A conference call will be held on Thursday, May 7, 2020 at 5:00 p.m. Eastern Time.
Americold Realty Trust (NYSE: COLD) (the "Company" or "Americold"), the world’s largest publicly traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, today announced that its Board of Trustees has declared a dividend of $0.21 per share for the second quarter of 2020, payable to holders of the Company’s common shares. The dividend will be payable in cash on July 15, 2020 to shareholders of record at the close of business on June 30, 2020.
COLD earnings call for the period ending March 31, 2020.
Americold Realty Trust (NYSE: COLD) (the "Company" or "Americold"), the world’s largest publicly traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, today announced that the Company has completed the refinancing of its unsecured credit facility.
Americold Realty Trust (NYSE: COLD) (the "Company"), the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced financial and operating results for the first quarter ended March 31, 2020.
Temperature-controlled warehouse operator Americold Realty Trust (NYSE: COLD) said that its network of more than 180 facilities remain operational amid the coronavirus outbreak."During this difficult and uncertain time, as the COVID-19 pandemic continues to evolve, we are proud to be an integral part of the infrastructure that services the global food supply chain," said Americold President and CEO Fred Boehler.The Atlanta-based company said that it is continuing to work with its customers, predominantly food producers, retailers and distributors, to keep the global cold supply chain running."Our network of over 180 integrated facilities remain operational and open for business, keeping retailers stocked," continued Boehler.The company issued a press release outlining new actions undertaken during the COVID-19 pandemic on March 13. The enhanced measures include additional screening for visitors to their facilities as well as more frequent cleanings. Currently, all drivers delivering or picking up freight from an Americold facility are to remain in their cab as freight is loaded or unloaded."Each day, frozen and refrigerated food destined for grocery stores, restaurants and other outlets flows through our global infrastructure. Although what and where the world eats may vary in the wake of the COVID-19 pandemic, Americold continues to execute an efficient and proven strategy to provide consistent, reliable access to temperature-controlled food around the world," said Boehler.Americold Realty Trust is the largest publicly traded owner and operator of temperature-controlled warehouses. The company's real estate portfolio includes 183 temperature-controlled facilities, including 11 facilities in its third-party managed segment, with more than 1 billion refrigerated cubic feet of storage in the United States, Argentina, Australia, Canada and New Zealand.On its fourth-quarter 2019 earnings conference call held on February 20, the company's management team issued 2020 guidance calling for new facility starts to be in the range of $75 million to $200 million and same-store revenue to increase 2-4% year-over-year.See more from Benzinga * Americold's Outlook For Temperature-Controlled Storage Remains Strong(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Now, let's dive into three high-yield REITs that investors might want to buy to help add income amid the coronavirus market downturn...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Americold Realty Trust (NYSE: COLD) (the "Company" or "Americold"), the world's largest publicly-traded owner and operator of temperature-controlled warehouses, has partnered with Feed the Children, a leading nonprofit focused on alleviating childhood hunger, to support COVID-19 relief for families in crisis.
Here's how many Georgia-based companies are listing coronavirus as a risk factor in SEC filings.
U.S. beef and chicken inventories housed in cold storage facilities surge according to a report from agricultural data provider Gro Intelligence.U.S. beef inventories were 13.9% higher year-over-year in April, 6% above the five-year average and chicken inventories climbed 6.1% compared to April 2019, 13.5% higher than the five-year average.The report cited restaurant closures and the inability of processing houses to slow production as the reasons.Beef inventories were drawn down 2.5% from March to 490 million pounds, following seasonal inventory patterns. Inventories typically decline in the spring and summer as slaughterhouses slow production after farmers have cashed in their livestock for seed money to plant summer crops.Chart: USDA NASS and Gro IntelligenceThe increase in chicken and related products inventories was propelled by a 33% year-over-year increase in chicken breast and breast meat, 37.3% higher than the five-year average. The report noted particular difficulty with chicken processors' inability to slow production to match weakened demand at the restaurant wholesale level caused by shelter-in-place mandates.Chart: USDA NASS and Gro IntelligenceTotal chicken and products inventories came in just under one billion pounds. The all-time high of 1.033 billion pounds was set in December 2019.The rise in protein inventories was noted on temperature-controlled warehouse operator Americold Realty Trust's (NYSE: COLD) first quarter 2020 earnings call. Americold's management team said they weren't seeing a meat scarcity throughout the cold food chain, specifically referencing an abundance of chicken inventory. The increase in meat inventories also aligns with increased demand for new cold storage facilities.Americold operates 183 temperature-controlled facilities globally.Through the pandemic, many processing plants have been forced to contend with COVID-19-related stops and starts as well as supply chain and distribution disruptions. Many have had to reconfigure packaging for household consumption at the grocery level instead of larger package quantities customary with restaurant and catering consumption.April pork inventories of nearly 615 million pounds declined 1.1% year-over-year, 0.3% lower than March. The report cited "heightened exports in 2019 and early 2020" as the reason for the drawdown. April pork stocks were 3.5% below the five-year average.See more from Benzinga * Weekly Fuel Report: May 25, 2020 * Amazon Is Serious About Self-Driving Technology, Eyeing Multi-Billion Dollar Acquisition * Many SMEs Unsure How To Benefit From New USMCA Trade Pact With Mexico And Canada(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Americold Realty Trust (NYSE: COLD) (the "Company") today announced that the location of the Company’s 2020 Annual Shareholders Meeting to be held on Wednesday, May 27 at 10:00 am Eastern Daylight Time (the "Annual Meeting") has been moved to its offices at 10 Glenlake Parkway, South Tower, Atlanta, Georgia 30328. Originally scheduled to be held at the St. Regis Hotel in Atlanta, the meeting location has been changed as a result of the COVID-19 pandemic.
Americold (COLD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
The Zacks Analyst Blog Highlights: Nike, Apple, Spirit Realty Capital, Innovative Industrial Properties and Americold Realty Trust
Temperature-controlled warehouse owner and operator Americold Realty Trust (NYSE: COLD) has been chosen to build two new facilities.The largest retail grocery group on the East Coast with brands like Food Lion, Giant Food and Hannaford, Koninklijke Ahold Delhaize N.V. (OTC: ADRNY), will partner with Americold to build two new fully automated frozen warehouses in Plainville, Connecticut and Lancaster, Pennsylvania. The two facilities will expand Ahold Delhaize USA's cold-storage capabilities by 500,000 square feet, create 59,000 new pallet positions and serve more than 750 stores in the Northeast and Mid-Atlantic.The $325 million two-facility project will commence in the second quarter of 2020 with plans to be fully operational by the second half of 2023. Americold expects the facilities to yield net operating income (NOI) and return on invested capital (ROIC) of 10% to 12%. Illustration of Lancaster, Pennsylvania facility (Photo: Americold)"We're extremely proud of this new partnership with Americold and the opportunity to fully expand our cold-storage capacity as part of our current storage needs and future growth plans," said Chris Lewis, executive vice president of supply chain at Retail Business Services, LLC, Ahold Delhaize USA's services group.The supermarket giant is in the process of transitioning its supply chain into a self-distribution model by transforming facilities to improve automation and implement an integrated transportation management system along with end-to-end forecasting and replenishment capabilities. The company operates more than 1,000 trucks along the East Coast, traveling over 120 million miles annually.The new locations will position inventory in close proximity to the group's retail stores, increase the availability and freshness of local products and improve delivery times. Additionally, 200 new jobs are expected to be created at each location."We are thrilled to partner with Ahold Delhaize USA to design, build and operate these strategically located retail distribution fulfillment centers over an initial term of the next 20 years," said Americold President and CEO Fred Boehler.The new facilities are in addition to expansion and development projects representing 124,000 pallet positions Americold had in the works at the close of first quarter 2020. Since the beginning of the year, Americold has completed expansion projects and acquisitions representing 112,000 pallet positions.Americold's first quarter 2020 came in ahead of analyst expectations and the company reiterated its full-year 2020 guidance, a rare move in the COVID-19 environment that has forced most companies to pull earnings forecasts. The company's management team expects a sequential slowdown from the first quarter, but noted that demand will remain higher than normal on their quarterly call.Americold is an Atlanta-based real estate investment trust (REIT) that operates 183 temperature-controlled facilities, including 11 facilities in its third-party managed segment, with more than 1 billion refrigerated cubic feet of storage in the United States, Australia, New Zealand, Canada and Argentina.See more from Benzinga * Cold Storage Facility Operator Americold Keeping All Facilities Open(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.