Americold Realty ( (COLD) ) has issued an update.
Americold Realty Trust reported strong performance for the fourth quarter and full year of 2024, achieving significant growth in key metrics including a 16% increase in its Adjusted Funds from Operations (FFO) per share and a $125 million increase in Same Store Warehouse Services Net Operating Income (NOI). Despite a decrease in total revenues, the company improved its warehouse services margins and announced several strategic expansions, including a $79 million development in Canada and a $34 million expansion in New Zealand, which are expected to create long-term shareholder value.
More about Americold Realty
Americold Realty Trust, Inc. is a global leader in temperature-controlled logistics, real estate, and value-added services, focusing on the ownership, operation, acquisition, and development of temperature-controlled warehouses.
YTD Price Performance: -1.55%
Average Trading Volume: 1,852,250
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.96B
For detailed information about COLD stock, go to TipRanks’ Stock Analysis page.
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