Americold Realty Trust
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Americold is the world’s largest publicly traded REIT focused on the ownership, operation and development of temperature-controlled warehouses. The last earnings update was 15 days ago. More info.
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COLD Share Price and Events
7 Day Returns
1 Year Returns
COLD Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Americold Realty Trust (COLD) | 2.3% | -0.5% | 8.2% | 47.3% | - | - |
| US REITs | -0.3% | 2.4% | 3.2% | 13.8% | 11.3% | 25.6% |
| US Market | -2.1% | -4.2% | 0% | 1.3% | 33.5% | 38% |
1 Year Return vs Industry and Market
- COLD outperformed the REITs industry which returned 13.8% over the past year.
- COLD outperformed the Market in United States of America which returned 1.3% over the past year.
COLD Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Americold Realty Trust
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Americold Realty Trust.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations | |
| Levered Adjusted Funds From Operations | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.53 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (26.09%)) |
0.758 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NYSE:COLD using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model
The calculations below outline how an intrinsic value for Americold Realty Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
Americold Realty Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.
| Adjusted Funds From Operations (AFFO) (USD, Millions) | Source |
Present Value Discounted (@ 7.5%) |
|
|---|---|---|---|
| 2019 | 221.85 | Analyst x4 | 206.37 |
| 2020 | 286.71 | Analyst x4 | 248.11 |
| 2021 | 337.20 | Analyst x4 | 271.45 |
| 2022 | 361.59 | Analyst x2 | 270.78 |
| 2023 | 410.04 | Analyst x2 | 285.65 |
| 2024 | 445.87 | Est @ 8.74% | 288.94 |
| 2025 | 476.79 | Est @ 6.94% | 287.43 |
| 2026 | 503.84 | Est @ 5.67% | 282.55 |
| 2027 | 527.98 | Est @ 4.79% | 275.43 |
| 2028 | 550.01 | Est @ 4.17% | 266.91 |
| Present value of next 10 years cash flows | $2,683.60 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $550.01 × (1 + 2.73%) ÷ (7.5% – 2.73%) |
$11,850.33 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $11,850.33 ÷ (1 + 7.5%)10 |
$5,750.78 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $2,683.60 + $5,750.78 |
$8,434.38 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $8,434.38 / 191.53 |
$44.04 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $44.04 |
| Current discount | Discount to share price of
$31.84
= -1 x ($31.84 - $44.04) / $44.04 |
27.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Americold Realty Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Americold Realty Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Americold Realty Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Americold Realty Trust's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.35 |
| NYSE:COLD Share Price ** | NYSE (2019-05-24) in USD | $31.84 |
| United States of America REITs Industry PE Ratio | Median Figure of 155 Publicly-Listed REITs Companies | 32.62x |
| United States of America Market PE Ratio | Median Figure of 3,082 Publicly-Listed Companies | 17.36x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Americold Realty Trust.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:COLD Share Price ÷ EPS (both in USD) = 31.84 ÷ 0.35 |
90.42x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Americold Realty Trust is overvalued based on earnings compared to the US REITs industry average.
- Americold Realty Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Americold Realty Trust's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 90.42x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
24.9%per year |
| United States of America REITs Industry PEG Ratio | Median Figure of 141 Publicly-Listed REITs Companies | 2.39x |
| United States of America Market PEG Ratio | Median Figure of 2,120 Publicly-Listed Companies | 1.5x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 90.42x ÷ 24.9% |
3.63x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Americold Realty Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Americold Realty Trust's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $4.56 |
| NYSE:COLD Share Price * | NYSE (2019-05-24) in USD | $31.84 |
| United States of America REITs Industry PB Ratio | Median Figure of 191 Publicly-Listed REITs Companies | 1.86x |
| United States of America Market PB Ratio | Median Figure of 5,207 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:COLD Share Price ÷ Book Value per Share (both in USD) = 31.84 ÷ 4.56 |
6.98x |
* Primary Listing of Americold Realty Trust.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Americold Realty Trust is overvalued based on assets compared to the US REITs industry average.
Value checks
We assess Americold Realty Trust's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) Americold Realty Trust has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
COLD Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Americold Realty Trust's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Americold Realty Trust's earnings growth is expected to exceed the United States of America market average.
- Americold Realty Trust's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:COLD Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 24.9% |
| NYSE:COLD Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 10.8% |
| United States of America REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 5.7% |
| United States of America REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 4.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 2,653 | 241 | 2 | |
| 2022-12-31 | 2,458 | 205 | 2 | |
| 2021-12-31 | 2,257 | 196 | 3 | |
| 2020-12-31 | 1,989 | 148 | 4 | |
| 2019-12-31 | 1,752 | 94 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,605 | 191 | 52 |
| 2018-12-31 | 1,603 | 188 | 46 |
| 2018-09-30 | 1,591 | 161 | 44 |
| 2018-06-30 | 1,579 | 157 | 8 |
| 2018-03-31 | 1,562 | 168 | -37 |
| 2017-12-31 | 1,544 | 163 | -30 |
| 2017-09-30 | 1,536 | 159 | -26 |
| 2016-12-31 | 1,490 | 119 | -24 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Americold Realty Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 0.99 | 0.99 | 0.99 | 1.00 |
| 2022-12-31 | 0.96 | 1.10 | 0.82 | 2.00 |
| 2021-12-31 | 0.85 | 0.98 | 0.71 | 2.00 |
| 2020-12-31 | 0.65 | 0.83 | 0.53 | 3.00 |
| 2019-12-31 | 0.44 | 0.55 | 0.37 | 3.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.35 |
| 2018-12-31 | 0.33 |
| 2018-09-30 | 0.37 |
| 2018-06-30 | 0.08 |
| 2018-03-31 | -0.45 |
| 2017-12-31 | -0.43 |
| 2017-09-30 | -0.37 |
| 2016-12-31 | -0.35 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Americold Realty Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Americold Realty Trust's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Americold Realty Trust has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
COLD Past Performance
How has Americold Realty Trust performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Americold Realty Trust has delivered over 20% year on year earnings growth in the past 5 years.
- Americold Realty Trust has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Americold Realty Trust has become profitable in the last year making it difficult to compare the US REITs industry average.
Earnings and Revenue History
All data from Americold Realty Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 1,605.07 | 52.00 | 121.29 | |
| 2018-12-31 | 1,602.87 | 46.17 | 118.07 | |
| 2018-09-30 | 1,590.59 | 44.16 | 111.99 | |
| 2018-06-30 | 1,578.53 | 7.69 | 108.84 | |
| 2018-03-31 | 1,561.74 | -37.44 | 105.46 | |
| 2017-12-31 | 1,543.62 | -29.93 | 102.54 | |
| 2017-09-30 | 1,536.06 | -25.59 | 99.06 | |
| 2016-12-31 | 1,489.87 | -24.46 | 100.24 | |
| 2015-12-31 | 1,477.85 | -50.63 | 92.59 | |
| 2014-12-31 | 1,489.61 | -71.97 | 83.82 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Americold Realty Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Americold Realty Trust used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
- Americold Realty Trust has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Americold Realty Trust's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Americold Realty Trust has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
COLD Health
How is Americold Realty Trust's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Americold Realty Trust's finances.
The net worth of a company is the difference between its assets and liabilities.
- Americold Realty Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Americold Realty Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Americold Realty Trust Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 680.48 | 1,591.05 | 172.84 |
| 2018-12-31 | 706.76 | 1,510.72 | 208.08 |
| 2018-09-30 | 731.00 | 1,539.77 | 226.81 |
| 2018-06-30 | 642.82 | 1,546.86 | 153.20 |
| 2018-03-31 | 641.99 | 1,557.62 | 193.87 |
| 2017-12-31 | 185.87 | 1,901.09 | 48.87 |
| 2017-09-30 | 192.35 | 1,900.88 | 82.04 |
| 2016-12-31 | 222.47 | 1,831.97 | 22.83 |
| 2015-12-31 | 261.01 | 1,860.96 | 33.43 |
| 2014-12-31 |
- Americold Realty Trust's level of debt (233.8%) compared to net worth is high (greater than 40%).
- Unable to establish if Americold Realty Trust's debt level has increased without past 5-year debt data.
- Debt is not well covered by operating cash flow (12%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Americold Realty Trust's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Americold Realty Trust has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
COLD Dividends
What is Americold Realty Trust's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Americold Realty Trust
shares you are expected to receive
$50
in your first year as a dividend.
Dividend Amount
- Americold Realty Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
- Americold Realty Trust's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America REITs Industry Average Dividend Yield | Market Cap Weighted Average of 184 Stocks | 3.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 0.92 | 2.00 |
| 2022-12-31 | 0.89 | 2.00 |
| 2021-12-31 | 0.89 | 5.00 |
| 2020-12-31 | 0.83 | 7.00 |
| 2019-12-31 | 0.80 | 7.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-07 | 0.800 | 2.589 |
| 2018-12-06 | 0.750 | 2.713 |
| 2018-09-11 | 0.750 | 2.961 |
| 2018-06-08 | 0.750 | 3.340 |
| 2018-05-15 | 0.750 | 3.479 |
| 2018-05-10 | 0.750 | 3.483 |
| 2018-03-29 | 0.750 | 3.779 |
| 2018-03-28 | 0.750 | 3.978 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Americold Realty Trust has stable dividend payments.
- Americold Realty Trust only just started paying a dividend, it is too early to tell if payments are increasing.
Income/ dividend checks
We assess Americold Realty Trust's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Americold Realty Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Americold Realty Trust has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
COLD Management
CEO
| COMPENSATION | $5,952,593 |
| AGE | 51 |
| TENURE AS CEO | 3.4 years |
CEO Bio
Mr. Fred W. Boehler has been the Chief Executive Officer of AmeriCold Logistics, LLC since February 4, 2016 and its President since March 31, 2014. Mr. Boehler has served as President, Chief Executive Officer and a member of board of trustees of Americold Realty Trust since December 2015 and serves as its principal executive officer. Mr. Boehler served as Chief Operating Officer of AmeriCold Logistics, LLC since February 2013 and Americold Realty Trust from February 2013 until December 2015. He served as Executive Vice President of AmeriCold Logistics, LLC from February 2013 to March 2014. Mr. Boehler joined the AmeriCold Logistics from SUPERVALU, Inc., Where he served as a Senior Vice President of Supply Chain/Senior Vice President from March 2009 to February 2013 and held various positions at Borders Group, Inc. from November 1999 to March 2009. Prior to SUPERVALU, Inc., he served as Senior Vice President of Logistics & Purchasing at Borders Group, Inc., where he oversaw Distribution Operations, Industrial Engineering, Logistics Planning and Purchasing. He has been Trustee of AmeriCold Logistics, LLC since February 4, 2016. Mr. Boehler holds a Bachelors Degree in Management Science and Operations from Wright State University and a Masters in International Business/M.B.A. from Northern Illinois University.
CEO Compensation
- Fred's compensation has increased in line with Americold Realty Trust recently becoming profitable.
- Fred's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Americold Realty Trust management team in years:
- The average tenure for the Americold Realty Trust management team is less than 2 years, this suggests a new team.
Management Team
Fred Boehler
CEO, President & Trustee
$6M
51
3.4 yrs
Marc Smernoff
CFO & Executive VP
$3M
45
3.8 yrs
Thomas Novosel
Chief Accounting Officer & Senior VP
$2M
58
5.6 yrs
Jim Snyder
Chief Legal Officer
$2M
54
1.2 yrs
David Stuver
Executive Vice President of Business Development & Supply Chain Solutions
$2M
52
Carlos Rodriguez
Executive VP & COO
50
0.7 yrs
Jay Harron
Executive VP & Chief Investment Officer
47
0.7 yrs
Sanjay Lall
Executive VP & Chief Information Officer
57
0.1 yrs
Kim Henderson
Director of Communications & Public Relations
Scott Henderson
Senior VP of Capital Markets
0.7 yrs
Board of Directors Tenure
Average tenure and age of the Americold Realty Trust board of directors in years:
- The average tenure for the Americold Realty Trust board of directors is less than 3 years, this suggests a new board.
Board of Directors
Mark Patterson
Chairman of Board
$291K
58
0.2 yrs
Fred Boehler
CEO, President & Trustee
$6M
51
3.4 yrs
Jim Heistand
Lead Independent Trustee
$294K
65
1.3 yrs
Michelle MacKay
$301K
52
1.3 yrs
George Alburger
$322K
70
9 yrs
Brad Gross
45
8.4 yrs
Andy Power
$286K
38
1.3 yrs
Kelly Barrett
54
Antonio Fernandez
59
David Neithercut
62
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 08. Mar 19 | Sell | Goldman Sachs Group, Investment Banking and Securities Investments | Company | 05. Mar 19 | 05. Mar 19 | -8,061,228 | $27.47 | $-221,462,086 | ||
| 06. Mar 19 | Sell | Jeffrey Gault | Individual | 05. Mar 19 | 05. Mar 19 | -34,290 | $29.51 | $-1,011,997 | ||
| 05. Mar 19 | Sell | The Yucaipa Companies, LLC | Company | 05. Mar 19 | 05. Mar 19 | -38,422,583 | $27.47 | $-1,055,564,411 | ||
| 20. Sep 18 | Sell | The Yucaipa Companies, LLC | Company | 18. Sep 18 | 18. Sep 18 | -16,530,191 | $23.54 | $-389,074,412 | ||
| 16. Nov 18 | Sell | David Stuver | Individual | 14. Nov 18 | 14. Nov 18 | -28,000 | $26.81 | $-750,652 | ||
| 16. Nov 18 | Sell | Thomas Novosel | Individual | 13. Nov 18 | 13. Nov 18 | -22,726 | $26.00 | $-590,876 | ||
| 16. Nov 18 | Sell | Jeffrey Gault | Individual | 13. Nov 18 | 13. Nov 18 | -30,000 | $25.99 | $-779,688 | ||
| 16. Nov 18 | Sell | Thomas Musgrave | Individual | 13. Nov 18 | 13. Nov 18 | -42,000 | $26.00 | $-1,091,790 | ||
| 21. Sep 18 | Sell | Fortress Investment Group LLC | Company | 18. Sep 18 | 18. Sep 18 | -7,235,529 | $23.54 | $-170,304,093 | ||
Management checks
We assess Americold Realty Trust's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Americold Realty Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
COLD News
Simply Wall St News
Investing In Americold Realty Trust (NYSE:COLD): What You Need To Know
Americold Realty Trust is a US$6.2b. … real estate investment trust (REIT) based in Atlanta, United States. … Check out our latest analysis for Americold Realty Trust
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Americold Realty Trust (NYSE:COLD)?
A look at the shareholders of Americold Realty Trust (NYSE:COLD) can tell us which group is most powerful. … Generally speaking, as a company grows, institutions will increase their ownership. … Americold Realty Trust has a market capitalization of US$4.6b, so it's too big to fly under the radar.
Simply Wall St - – Full articleHow Good Is Americold Realty Trust (NYSE:COLD), When It Comes To ROE?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Americold Realty Trust (NYSE:COLD). … Americold Realty Trust has a ROE of 6.8%, based on the last twelve months.
Simply Wall St - – Full articleYou May Have Been Looking At Americold Realty Trust (NYSE:COLD) All Wrong
Americold Realty Trust is a US$3.6b. … real estate investment trust (REIT) based in Atlanta, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.
Simply Wall St - – Full articleAmericold Realty Trust (NYSE:COLD): Ex-Dividend Is In 1 Days, Should You Buy?
Americold Realty Trust (NYSE:COLD) will be distributing its dividend of US$0.19 per share on the 16 July 2018, and will start trading ex-dividend in 1 days time on the 28 June 2018. … Should you diversify into Americold Realty Trust and boost your portfolio income stream? … See our latest analysis for Americold Realty Trust
Simply Wall St - – Full articleShould You Invest In The Real Estate Stock AmeriCold Realty Trust (NYSE:COLD)?
AmeriCold Realty Trust (NYSE:COLD), a $2.59B mid-cap, is a real estate company operating in an industry which is the most prevalent industry in the global economy, and as an asset class, it has continued to play a crucial role in the portfolios of various investors. … In this article, I’ll take you through the real estate sector growth expectations, as well as evaluate whether AmeriCold Realty Trust is lagging or leading its competitors in the industry. … View our latest analysis for AmeriCold Realty Trust What’s the catalyst for AmeriCold Realty Trust's sector growth?
Simply Wall St - – Full articleCOLD Company Info
Description
Americold is the world’s largest publicly traded REIT focused on the ownership, operation and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 179 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.
Details
| Name: | Americold Realty Trust |
| COLD | |
| Exchange: | NYSE |
| Founded: | |
| $6,098,290,460 | |
| 191,529,223 | |
| Website: | http://www.americold.com |
| Address: |
Americold Realty Trust South Tower, Suite 600, Atlanta, Georgia, 30328, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | COLD | Common Shares | New York Stock Exchange | US | USD | 19. Jan 2018 | |
| DB | YAR | Common Shares | Deutsche Boerse AG | DE | EUR | 19. Jan 2018 | |
| LSE | 0N42 | Common Shares | London Stock Exchange | GB | USD | 19. Jan 2018 |
Number of employees
Current staff
Industry
| Industrial REITs | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/25 00:23 |
| End of day share price update: | 2019/05/24 00:00 |
| Last estimates confirmation: | 2019/05/16 |
| Last earnings filing: | 2019/05/10 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
