Americold Realty Trust, Inc. (COLD)

Americold Realty Trust's stock price has declined by 56.75% over the past year. The Q3 2025 earnings call reported a net loss of $11.4 million on revenue of $663.7 million, with AFFO of $0.35 per share, in line with expectations, but highlighted continued demand pressure and decreased economic occupancy. The company lowered its AFFO guidance for the year during the Q2 2025 earnings call, citing persistent demand and pricing headwinds. The Q1 2025 earnings call noted a sequential decline in same-store economic occupancy. Several analysts have downgraded the stock and reduced price targets, and the stock has been trading at all-time lows.

Americold Realty Trust typically experiences seasonality in demand, but in 2025, persistent demand headwinds and macroeconomic challenges have caused occupancy and throughput levels to remain below typical seasonal trends. The company is no longer forecasting a traditional seasonal inventory build for the second half of 2025. Q1 2025 saw a sequential decline in economic occupancy, while Q3 2025 experienced a slight sequential increase in throughput due to the agricultural harvest.

Americold Realty Trust, Inc. (COLD) specializes in temperature-controlled warehouses and logistics, operating as a REIT. The company focuses on cold chain logistics, providing storage, handling, and transportation of perishable goods, along with value-added services like blast freezing and repackaging.

Americold Realty Trust has a global network of approximately 235 to 247 temperature-controlled warehouses, encompassing roughly 1.4 billion to 1.9 billion cubic feet of refrigerated storage space across North America, South America, Europe, Asia-Pacific, and Australia. Key operational locations include Kansas City, Allentown, Dubai, Houston, Port Saint John, Christchurch, Atlanta, Dallas, Eastern Pennsylvania, Southern California, and Chicago.

Americold Realty Trust's brand reputation has been characterized by mixed sentiments. The company has achieved successes in sales growth and regional performance, particularly in the Asia Pacific region, but has also faced challenges, reporting a net loss in Q3 2025 due to industry challenges. Despite financial pressures, Americold is recognized for its critical role in the global food supply chain and is viewed as a long-term investment opportunity.

Americold Realty Trust's ownership is predominantly institutional, with approximately 65.38% to 84.79% held by institutional investors such as Vanguard Group Inc. and BlackRock, Inc. Insider ownership is reported to be around 0.09%, with Ronald W. Burkle potentially being the largest individual shareholder.