NYSE:COLDIndustrial REITs
A Look At Americold (NYSE:COLD) Valuation After New Lisbon Agreement With Jerónimo Martins
Expansion with Jerónimo Martins puts Americold’s Lisbon hub in focus
Americold Realty Trust (COLD) has secured a multi-year agreement with Portuguese retailer Jerónimo Martins, centered on its Lisbon facility and covering storage and fulfillment for roughly 300 stores across Portugal.
The arrangement involves handling about 12 million frozen product cases annually, with Americold refurbishing cold storage chambers, increasing throughput capacity, and adding more than 80 jobs. This will expand...