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Americold Realty Trust

NYSE:COLD
Snowflake Description

Reasonable growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COLD
NYSE
$6B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

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
2.3%
NYSE:COLD
-0.3%
US REITs
-2.1%
US Market
1 Year Returns
47.3%
NYSE:COLD
13.8%
US REITs
1.3%
US Market
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.
Price Volatility
Industry
5yr Volatility vs Market

COLD Value

 Is Americold Realty Trust undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Americold Realty Trust.

NYSE:COLD Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:COLD
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.

NYSE:COLD DCF 1st Stage: Next 10 year cash flow forecast
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
NYSE:COLD DCF 2nd Stage: Terminal Value
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
NYSE:COLD Total Equity Value
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
NYSE:COLD Discount to Share Price
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
Amount off the current price Americold Realty Trust is available for.
Intrinsic value
28%
Share price is $31.84 vs Future cash flow value of $44.04
Current Discount Checks
For Americold Realty Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
NYSE:COLD PE (Price to Earnings) Ratio Data Sources
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.

NYSE:COLD PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NYSE:COLD PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

NYSE:COLD PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
NYSE:COLD PB (Price to Book) Ratio Data Sources
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
NYSE:COLD PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Americold Realty Trust's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. 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

 How is Americold Realty Trust expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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!
Annual Growth Rate
24.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Americold Realty Trust expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:COLD Future Growth Rates Data Sources
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
Raw Data
NYSE:COLD Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:COLD Future Estimates Data
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
NYSE:COLD Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Americold Realty Trust's earnings are expected to grow significantly at over 20% yearly.
  • Americold Realty Trust's revenue is expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:COLD 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.

NYSE:COLD Future Estimates Data
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
NYSE:COLD Past Financials Data
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.
X
Future performance checks
We assess Americold Realty Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Americold Realty Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Americold Realty Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Americold Realty Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:COLD Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Americold Realty Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Americold Realty Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Americold Realty Trust Company Filings, last reported 1 month ago.

NYSE:COLD Past Debt and Equity Data
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).
X
Financial health checks
We assess Americold Realty Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Americold Realty Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
2.51%
Current annual income from Americold Realty Trust dividends. Estimated to be 2.65% next year.
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
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NYSE:COLD Annualized Past and Future Dividends
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.

NYSE:COLD Future Dividends Estimate Data
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
NYSE:COLD Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Americold Realty Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (414.9x coverage).
X
Income/ dividend checks
We assess Americold Realty Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Americold Realty Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Fred Boehler
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:

0.9
Average Tenure
51.5
Average Age
  • The average tenure for the Americold Realty Trust management team is less than 2 years, this suggests a new team.
Management Team

Fred Boehler

TITLE
CEO, President & Trustee
COMPENSATION
$6M
AGE
51
TENURE
3.4 yrs

Marc Smernoff

TITLE
CFO & Executive VP
COMPENSATION
$3M
AGE
45
TENURE
3.8 yrs

Thomas Novosel

TITLE
Chief Accounting Officer & Senior VP
COMPENSATION
$2M
AGE
58
TENURE
5.6 yrs

Jim Snyder

TITLE
Chief Legal Officer
COMPENSATION
$2M
AGE
54
TENURE
1.2 yrs

David Stuver

TITLE
Executive Vice President of Business Development & Supply Chain Solutions
COMPENSATION
$2M
AGE
52

Carlos Rodriguez

TITLE
Executive VP & COO
AGE
50
TENURE
0.7 yrs

Jay Harron

TITLE
Executive VP & Chief Investment Officer
AGE
47
TENURE
0.7 yrs

Sanjay Lall

TITLE
Executive VP & Chief Information Officer
AGE
57
TENURE
0.1 yrs

Kim Henderson

TITLE
Director of Communications & Public Relations

Scott Henderson

TITLE
Senior VP of Capital Markets
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Americold Realty Trust board of directors in years:

1.3
Average Tenure
56
Average Age
  • 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

TITLE
Chairman of Board
COMPENSATION
$291K
AGE
58
TENURE
0.2 yrs

Fred Boehler

TITLE
CEO, President & Trustee
COMPENSATION
$6M
AGE
51
TENURE
3.4 yrs

Jim Heistand

TITLE
Lead Independent Trustee
COMPENSATION
$294K
AGE
65
TENURE
1.3 yrs

Michelle MacKay

TITLE
COMPENSATION
$301K
AGE
52
TENURE
1.3 yrs

George Alburger

TITLE
COMPENSATION
$322K
AGE
70
TENURE
9 yrs

Brad Gross

TITLE
AGE
45
TENURE
8.4 yrs

Andy Power

TITLE
COMPENSATION
$286K
AGE
38
TENURE
1.3 yrs

Kelly Barrett

TITLE
AGE
54

Antonio Fernandez

TITLE
AGE
59

David Neithercut

TITLE
AGE
62
Who owns this company?
Recent Insider Trading
  • Americold Realty Trust insiders have only sold shares in the past 3 months.
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
X
Management checks
We assess Americold Realty Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

What 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 -

How 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 -

You 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 -

Americold 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 -

Should 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 -

COLD 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
Staff numbers
11,000
Americold Realty Trust employees.
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.