Professional
Added to YB: 2024-05-15
Pitch date: 2024-05-10
COLD [bullish]
Americold Realty Trust, Inc.
-46.75%
current return
Author Info
No bio for this author
Company Info
Americold Realty Trust, Inc. is a global leader in temperature-controlled logistics and real estate, supporting the safe, efficient movement of food worldwide.
Market Cap
$3.3B
Pitch Price
$21.63
Price Target
31.50 (+173%)
Dividend
8.03%
EV/EBITDA
13.27
P/E
-28.59
EV/Sales
2.95
Sector
Industrial REITs
Category
growth
Americold Realty Trust, Inc.: Rebound in Services Drives Good Results; Maintaining Our $31.50 Fair Value
COLD: Q1 AFFO +28% YoY to $0.37/sh, core EBITDA +17% to $155.8M on services rebound. Raised 2024 AFFO guidance 3.6% on strong services recovery (10.8% SS NOI margin vs 4% YoY). Fair value unchanged at $31.50; moaty biz, demand tailwinds, industry consolidation, but risks from overcapacity, alternative fulfillment.
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