Americold Realty Trust Inc. (COLD) Q4 FFO Surpass Estimates
Americold Realty Trust Inc. (COLD) came out with quarterly funds from operations (FFO) of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.38 per share a year ago.
Seeking Clues to Americold Realty Trust (COLD) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Americold Realty Trust (COLD), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
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Americold Realty Is A Great Bargain Near 5-Year Low
Americold Realty Trust offers a compelling value proposition with a 4% dividend yield and trades well below its historical P/FFO multiple. Despite recent share price weakness, COLD has shown strong financial performance, with improving margins and robust AFFO growth. COLD is positioned for future growth through automation initiatives and a $1 billion development pipeline that is essential for the global food supply chain.
Sector Spotlight: Industrial REITs - Still A Real Estate Darling?
The industrial REIT sector has seen significant price corrections due to changing macroeconomic factors, making current pricing more investible. Investor enthusiasm has waned, reflected in falling AFFO multiples from 35.5x in 2021 to 20.5x recently. Despite strong demand, new supply has suppressed rent growth and occupancy, leading to tepid SSNOI growth.
Take A COLD Bite Of Americold Realty Trust
Americold Realty Trust, the largest tradeable cold-storage REIT, has underperformed due to management miscalculations and excess capacity. I like the cold-storage industry long-term, and furthermore wonder whether incoming Trump Administration policies could cause a business inflection. Americold's leadership team is relatively new, and might be on a short leash to improve results or be replaced.
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Americold Realty Trust, Inc. (COLD) Q3 2024 Earnings Call Transcript
Americold Realty Trust, Inc. (NYSE:COLD ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Kevin Reed - VP, IR George Chappelle - CEO Robert Chambers - President, Americas Jay Wells - CFO Conference Call Participants Nicholas Thillman - Baird Michael Mueller - J.P. Morgan Samir Khanal - Evercore ISI Vince Tibone - Green Street Josh Dennerlein - Bank of America Ki Bin Kim - Truist Securities Michael Carroll - RBC Capital Markets Todd Thomas - KeyBanc Capital Markets Blaine Heck - Wells Fargo Operator Greetings, and welcome to Americold Realty Trust Third Quarter 2024 Earnings Call.
Compared to Estimates, Americold Realty Trust (COLD) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Americold Realty Trust (COLD) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Americold Realty Trust Inc. (COLD) Q3 FFO and Revenues Lag Estimates
Americold Realty Trust Inc. (COLD) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.32 per share a year ago.
Gear Up for Americold Realty Trust (COLD) Q3 Earnings: Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Americold Realty Trust (COLD) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Essential Business Spotlight: Cold Storage
Cold Storage REITs like Americold and Lineage are essential due to their role in reducing food spoilage and supporting the cold chain infrastructure. Key growth drivers include online grocery adoption, increased frozen food consumption, recovering margins, and consolidation opportunities, making Cold Storage REITs attractive investments. Despite operational challenges, COLD's management has navigated well, and the company is poised for strong AFFO growth, justifying an overweight position.
