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REIT operating temperature-controlled cold-storage warehouses for food and grocery supply chains.
REIT operating temperature-controlled cold-storage warehouses for food and grocery supply chains.
Charges customers for pallet storage, often under multi-year contracts with minimum volume commitments, and for handling goods in and out and managing transport. Its warehouses sit near ports and food-producing and consuming hubs. The business is power-hungry because of refrigeration, so electricity cost matters.
Moat: narrow (scale, installed base, switching costs). Cold-storage facilities are capital-intensive to build, and integrated logistics contracts are sticky.
Headquarters: Atlanta, Georgia, US · Employees: 12,690
Size Americold Realty Trust (COLD) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $4.57B, the 1242nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $16.01 on 6 Nov 2026.
Performance Over six months the shares gained 7.9%, against -2.3% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 0.2% over the last twelve months (peer median +2.1%); the operating margin is 6.4% (peer median 39.7%).
Valuation It trades at 1.89× book value against a peer median of 1.21× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 15.5%; Americold Realty Trust delivers -16.5%, so the price asks more than the business earns today.
Backlog Backlog (remaining performance obligations) was $1.70B at 30 Sep 2026, up 21% on a year earlier — 0.6 years of trailing revenue. Backlog detail →
Credit Americold Realty Trust has 2 bonds outstanding ($900M), rated Baa3 by the agencies and trading like BBB- at a weighted spread of 143 bp.
Short interest Short interest is 10.0% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.61B | $2.60B | $2.67B | $2.67B | $2.91B |
| Revenue growth | — | -2% | 0% | -8% | — |
| Gross profit | $448M | $472M | $486M | $417M | $365M |
| EBITDA | $550M | $553M | $589M | $464M | $465M |
| Net income | -$456M | -$115M | -$94.3M | -$336M | -$19.4M |
| Free cash flow | $349M | $360M | $412M | $366M | $300M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $4.62B | $4.50B | $3.68B | $3.49B | $3.58B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Americold Realty Trust COLD | $4.57B | +8% | 0% | -16% | 1.89× | 15.5% |
| Lineage LINE | $8.91B | -2% | +1% | -2% | 1.13× | 9.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | COLD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.9% | +4.4% | 2nd highest of 21 |
| 6-month return | +7.9% | -2.3% | 4th highest of 21 |
| Return on equity | -16.5% | 6.3% | lowest of 21 |
| Price / book | 1.89× | 1.21× | 5th most expensive of 21 |
| ROE the price implies | 15.5% | 8.3% | 4th most demanding of 21 |
| ROE delivered | -16.5% | 6.0% | lowest of 20 |
| Bond spread | 143 bp | 128 bp | 4th widest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Americold Realty Trust COLD | United States | $4.57B | +8% | 0% | -16% | 1.89× | 15.5% | -16.5% |
| EPR Properties EPR | United States | $4.56B | +2% | +7% | 13% | 1.95× | 16.8% | 12.7% |
| Keppel DC REIT AJBU.SI | Singapore | $4.67B | -6% | +30% | 11% | 1.26× | 6.8% | 11.4% |
| Mapletree Logistics Trust M44U.SI | Singapore | $4.47B | -6% | -1% | 3% | 0.87× | 5.7% | 3.3% |
| Starwood Property Trust STWD | United States | $4.46B | -32% | +11% | 3% | 0.69× | 8.0% | 3.4% |
| Apple Hospitality REIT APLE | United States | $4.46B | +34% | +1% | 6% | 1.42× | 12.2% | 5.5% |
| General de Galerias Comerciales GGC.MC | Spain | $4.70B | 0% | +3% | 18% | 3.99× | 13.5% | n/a |
| Tanger SKT | United States | $4.45B | +6% | +11% | 19% | 6.60× | 51.9% | 19.3% |
| Dexus DXS.AX | Australia | $4.44B | 0% | -28% | 5% | 0.65× | 8.0% | 4.9% |
| RioCan Real Estate Investment Trust REI-UN.TO | Canada | $4.41B | -3% | -13% | 7% | 0.86× | 7.7% | 6.9% |
| Nippon Prologis REIT 3283.T | Japan | $4.37B | -8% | +9% | 6% | 1.39× | 6.6% | 6.0% |
| Cousins Properties CUZ | United States | $4.87B | +11% | +8% | 0% | 1.10× | 11.4% | 0.3% |
| Japan Metropolitan Fund Investment 8953.T | Japan | $4.87B | -8% | 0% | 7% | 1.17× | 4.8% | 7.1% |
| Mapletree Pan Asia Commercial Trust N2IU.SI | Singapore | $4.89B | -7% | -5% | 3% | 0.68× | 5.0% | 2.8% |
| Kilroy Realty KRC | United States | $4.21B | +3% | -4% | 1% | 0.80× | 9.3% | 0.5% |
| Japan Real Estate Investment 8952.T | Japan | $4.98B | -10% | -1% | 7% | 1.41× | 6.1% | 6.7% |
| Kite Realty Group Trust KRG | United States | $5.04B | -4% | -7% | 12% | 1.84× | 14.6% | 11.5% |
| Rithm Capital RITM | United States | $5.15B | -6% | +19% | 6% | 0.74× | 8.7% | 5.6% |
| Glp J-reit 3281.T | Japan | $4.00B | -2% | -6% | 7% | 1.43× | 5.4% | 6.8% |
| Chartwell Retirement Residences CSH-UN.TO | Canada | $5.25B | +3% | +24% | 1% | 3.92× | 22.6% | 0.5% |
| Mirvac MGR.AX | Australia | $5.27B | +14% | +6% | 7% | 0.83× | 9.9% | 7.4% |
Americold Realty Trust has 2 bonds outstanding with $900M face value. The agencies rate it Baa3; its bonds trade like BBB-. Weighted yield 6.13%, a spread of 143 bp over government bonds.
Americold Realty Trust reported $1.70B of remaining performance obligations at 30 Sep 2026, up 21% from a year earlier and flat from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.