Americold Realty Trust, Inc.(COLD)Earnings, Financials & Key Ratios

COLD•NYSE•REIT / Real Estate

$12.70

$3.62B mkt cap·Price updated May 6, 2026

SectorReal Estate IndustryIndustrial REITs Sub-IndustryCold Storage and Specialty Industrial REITs

AboutAmericold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 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.Show more

Revenue$2.6B-2.4%
FFO$253M-5.1%
FFO/Share0.88-5.5%
FFO Payout0%-100.0%
FFO per Share0.88-5.5%
NOI Margin100%+214.9%
FFO Margin9.72%-2.8%
ROE-3.68%-35.4%
ROA-1.44%-19.5%
Debt/Assets55.39%+16.4%
Net Debt/EBITDA11.64+55.4%
Book Value/Share10.23-11.9%

Technical→

COLD Key Insights

Americold Realty Trust, Inc. (COLD) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓High NOI margin of 100.0%
✓Trading at only 1.2x book value

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

COLD Price & Volume

Americold Realty Trust, Inc. (COLD) stock price & volume — 10-year historical chart

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COLD Growth Metrics

Americold Realty Trust, Inc. (COLD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.79%

5 Years5.53%

3 Years-3.71%

TTM-2.43%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-21.46%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-18.62%

Return on Capital

10 Years3.03%

5 Years0.52%

3 Years0.13%

Last Year0.14%

COLD Recent Earnings

Americold Realty Trust, Inc. (COLD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 1/12 qtrs (8%)●Beat Revenue 4/12 qtrs (33%)

Q1 2026Latest

Feb 19, 2026

EPS

$0.31

Est $0.08

-488.2%

Revenue

$658M

Est $655M

+0.6%

Q4 2025

Nov 6, 2025

EPS

$0.04

Est $0.35

-111.4%

Revenue

$664M

Est $655M

+1.4%

Q3 2025

Aug 7, 2025

EPS

$0.01

Est $0.34

-97.1%

Revenue

$651M

Est $682M

-4.5%

Q2 2025

May 8, 2025

EPS

$0.06

Est $0.34

-117.6%

Revenue

$629M

Est $674M

-6.7%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 19, 2026	$0.31vs $0.08-488.2%	$658Mvs $655M+0.6%
Q4 2025	Nov 6, 2025	$0.04vs $0.35-111.4%	$664Mvs $655M+1.4%
Q3 2025	Aug 7, 2025	$0.01vs $0.34-97.1%	$651Mvs $682M-4.5%
Q2 2025	May 8, 2025	$0.06vs $0.34-117.6%	$629Mvs $674M-6.7%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
NSANational Storage Affiliates TrustDirect Competitor	3.34B	43.36	61.94	-2.26%	11.92%	5.74%	2.23
CUBECubeSmartDirect Competitor	9.18B	40.28	27.59	5.33%	28.93%	11.7%	1.27
EXRExtra Space Storage Inc.Direct Competitor	30.38B	143.85	31.34	1.19%	28.84%	6.69%	1.05
PLDPrologis, Inc.Product Competitor	132.71B	142.90	35.64	2.22%	36.7%	5.61%	0.54
STAGSTAG Industrial, Inc.Product Competitor	7.37B	38.55	26.40	10.14%	28.26%	6.8%	0.90
FRFirst Industrial Realty Trust, Inc.Product Competitor	8.29B	62.52	33.43	8.58%	45.99%	12.35%	0.93
EGPEastGroup Properties, Inc.Product Competitor	10.91B	202.93	41.67	12.97%	39.7%	8.37%	0.50
REXRRexford Industrial Realty, Inc.Product Competitor	8.6B	36.23	42.13	7.13%	21.29%	2.34%	0.40

Compare COLD vs Peers

Americold Realty Trust, Inc. (COLD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NSA

Most directly comparable listed peer for COLD.

Scale Benchmark

vs PLD

Larger-name benchmark to compare COLD against a more recognizable public peer.

Peer Set

Compare Top 5

vs NSA, CUBE, EXR, PLD

COLD Income Statement

Americold Realty Trust, Inc. (COLD) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Revenue	1.54B	1.6B	1.78B	1.99B	2.71B	2.91B	2.67B	2.67B	2.6B
Revenue Growth %	3.6%	3.89%	11.23%	11.44%	36.58%	7.36%	-8.28%	-0.25%	-2.43%
Property Operating Expenses	1.17B	1.2B	1.31B	1.44B	2.09B	2.22B	1.9B	1.82B	0
Net Operating Income (NOI)	374.11M▲ 0%	405.65M▲ 8.4%	478.26M▲ 17.9%	551.5M▲ 15.3%	629.78M▲ 14.2%	695.96M▲ 10.5%	770.57M▲ 10.7%	846.73M▲ 9.9%	2.6B▲ 207.3%
NOI Margin %	24.24%	25.3%	26.81%	27.75%	23.2%	23.88%	28.82%	31.75%	100%
Operating Expenses	237.12M	225.69M	346.79M	383.05M	556.81M	608.09M	878.88M	722.72M	2.59B
G&A Expenses	99.62M	110.83M	129.31M	144.74M	182.08M	231.07M	226.79M	255.12M	269.47M
EBITDA	253.88M	297.76M	294.96M	384.49M	392.81M	419.32M	245.44M	484.83M	374.6M
EBITDA Margin %	16.45%	18.57%	16.54%	19.34%	14.47%	14.39%	9.18%	18.18%	14.4%
Depreciation & Amortization	116.89M	117.8M	163.5M	216.04M	319.84M	331.45M	353.74M	360.82M	367.36M
D&A / Revenue %	7.57%	7.35%	9.17%	10.87%	11.78%	11.37%	13.23%	13.53%	14.12%
Operating Income	136.99M▲ 0%	179.96M▲ 31.4%	131.47M▼ 26.9%	168.45M▲ 28.1%	72.97M▼ 56.7%	87.87M▲ 20.4%	-108.31M▼ 223.3%	124.01M▲ 214.5%	7.23M▼ 94.2%
Operating Margin %	8.87%	11.22%	7.37%	8.47%	2.69%	3.01%	-4.05%	4.65%	0.28%
Interest Expense	114.9M	93.31M	94.41M	91.48M	99.18M	116.13M	140.11M	135.32M	-147.78M
Interest Coverage	1.19x	1.93x	1.39x	1.84x	0.74x	0.76x	-0.77x	0.92x	-
Non-Operating Income	13.31M	42.28M	-5.95M	59.34M	4.39M	1.67M	79.68M	91.86M	0
Pretax Income	8.79M▲ 0%	44.37M▲ 405.0%	43.01M▼ 3.1%	17.63M▼ 59.0%	-30.6M▼ 273.6%	-29.93M▲ 2.2%	-328.09M▼ 996.3%	-103.18M▲ 68.6%	-135.73M▼ 31.6%
Pretax Margin %	0.57%	2.77%	2.41%	0.89%	-1.13%	-1.03%	-12.27%	-3.87%	-5.22%
Income Tax	9.39M	-3.62M	-5.16M	-6.93M	-1.57M	-18.84M	-2.27M	-8.43M	-21.18M
Effective Tax Rate %	106.92%	-8.16%	-11.99%	-39.3%	5.13%	62.94%	0.69%	8.17%	15.61%
Net Income	-608K▲ 0%	47.98M▲ 7992.3%	48.16M▲ 0.4%	24.54M▼ 49.0%	-30.45M▼ 224.1%	-19.44M▲ 36.2%	-336.21M▼ 1629.5%	-94.31M▲ 71.9%	-114.55M▼ 21.5%
Net Margin %	-0.04%	2.99%	2.7%	1.23%	-1.12%	-0.67%	-12.58%	-3.54%	-4.4%
Net Income Growth %	-112.33%	7992.27%	0.37%	-49.05%	-224.1%	36.17%	-1629.5%	71.95%	-21.46%
Funds From Operations (FFO)	116.28M▲ 0%	165.79M▲ 42.6%	211.66M▲ 27.7%	240.58M▲ 13.7%	289.38M▲ 20.3%	312.01M▲ 7.8%	17.53M▼ 94.4%	266.5M▲ 1420.4%	252.81M▼ 5.1%
FFO Margin %	7.53%	10.34%	11.87%	12.1%	10.66%	10.7%	0.66%	9.99%	9.72%
FFO Growth %	-5.99%	42.57%	27.67%	13.66%	20.28%	7.82%	-94.38%	1420.45%	-5.14%
FFO per Share	1.66	1.15	1.15	1.16	1.11	1.16	0.06	0.94	0.88
FFO Payout Ratio %	17.38%	46.16%	63.99%	69.45%	78.62%	76.51%	1381.91%	94.6%	0%
EPS (Diluted)	-0.43▲ 0%	0.31▲ 172.1%	0.26▼ 16.1%	0.12▼ 53.8%	-0.12▼ 200.0%	-0.07▲ 39.9%	-1.22▼ 1592.1%	-0.33▲ 73.0%	-0.40▼ 21.2%
EPS Growth %	-22.86%	172.09%	-16.13%	-53.85%	-200%	39.92%	-1592.09%	72.95%	-21.21%
EPS (Basic)	-0.43	0.33	0.27	0.12	-0.12	-0.07	-1.22	-0.33	-0.40
Diluted Shares Outstanding	70.02M	144.34M	183.95M	206.94M	261.13M	269.56M	275.77M	284.78M	285.74M

COLD Balance Sheet

Americold Realty Trust, Inc. (COLD) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Assets	2.39B	2.53B	4.17B	7.83B	8.22B	8.1B	7.87B	7.74B	8.12B
Asset Growth %	2.89%	5.74%	64.69%	87.77%	4.92%	-1.36%	-2.9%	-1.69%	4.99%
Real Estate & Other Assets	13.64M	58.27M	14.79M	10.44M	57.55M	90.81M	105.08M	195.73M	0
PP&E (Net)	1.83B	1.84B	3.05B	5.16B	5.55B	5.42B	5.46B	5.35B	5.35B
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets	316.63M	454.13M	496.73M	1.01B	517M	551M	575.44M	530.08M	505.38M
Cash & Equivalents	48.87M	208.08M	234.3M	621.05M	82.96M	53.06M	60.39M	47.65M	136.86M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	46.2M	0	6.31M	0	0	0	0	0	0
Intangible Assets	26.64M	25.06M	284.76M	797.42M	980.97M	925.22M	897.41M	838.66M	819.49M
Total Liabilities	2.21B	1.83B	2.34B	4.04B	4.19B	4.32B	4.23B	4.43B	5.2B
Total Debt	1.9B	1.51B	1.93B	3.23B	3.42B	3.58B	3.49B	3.68B	4.5B
Net Debt	1.85B	1.3B	1.7B	2.61B	3.34B	3.53B	3.43B	3.63B	4.36B
Long-Term Debt	1.74B	1.35B	1.7B	2.65B	2.44B	2.57B	2.6B	3.03B	0
Short-Term Borrowings	0	0	0	0	399.31M	500.05M	392.16M	255.05M	4.5B
Capital Lease Obligations	159.64M	159.71M	236.27M	580.13M	578.22M	513.28M	499.37M	393.88M	0
Total Current Liabilities	241.26M	197.81M	275.61M	414.21M	951.36M	1.06B	956.27M	844.5M	4.52B
Accounts Payable	93.5M	85.04M	109.22M	179.03M	223.93M	215.25M	201.09M	221.64M	0
Deferred Revenue	18.85M	18.63M	16.42M	19.21M	26.14M	32.05M	28.38M	21.98M	20.17M
Other Liabilities	66.68M	61.87M	96.79M	156M	44.54M	41.33M	42.11M	43.33M	582.01M
Total Equity	185.87M▲ 0%	706.75M▲ 280.2%	1.83B▲ 159.4%	3.79B▲ 106.9%	4.03B▲ 6.2%	3.79B▼ 6.0%	3.63B▼ 4.0%	3.31B▼ 9.0%	2.92B▼ 11.6%
Equity Growth %	-16.45%	280.24%	159.36%	106.92%	6.23%	-5.99%	-4.05%	-9.01%	-11.64%
Shareholders Equity	185.87M	706.75M	1.83B	3.79B	4.02B	3.77B	3.62B	3.28B	2.88B
Minority Interest	0	0	0	2.38M	8.07M	14.46M	18.46M	26.22M	37.57M
Common Stock	694K	1.48M	1.92M	2.52M	2.68M	2.7M	2.84M	2.84M	2.85M
Additional Paid-in Capital	394.08M	1.36B	2.58B	4.69B	5.17B	5.19B	5.63B	5.65B	0
Retained Earnings	-581.47M	-638.35M	-736.86M	-895.52M	-1.16B	-1.42B	-2B	-2.34B	-2.72B
Preferred Stock	372.79M	0	0	0	0	0	0	0	0
Return on Assets (ROA)	-0.03%	1.95%	1.44%	0.41%	-0.38%	-0.24%	-4.21%	-1.21%	-1.44%
Return on Equity (ROE)	-0.3%	10.75%	3.79%	0.87%	-0.78%	-0.5%	-9.06%	-2.72%	-3.68%
Debt / Assets	79.38%	59.66%	46.32%	41.23%	41.64%	44.2%	44.38%	47.58%	55.39%
Debt / Equity	10.23x	2.14x	1.05x	0.85x	0.85x	0.95x	0.96x	1.11x	1.54x
Net Debt / EBITDA	7.30x	4.37x	5.75x	6.78x	8.50x	8.42x	13.98x	7.49x	11.64x
Book Value per Share	2.65	4.90	9.96	18.33	15.43	14.05	13.18	11.61	10.23

COLD Cash Flow Statement

Americold Realty Trust, Inc. (COLD) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	163.33M	188.17M	236.19M	293.68M	273.06M	300M	366.15M	411.88M	0
Operating CF Growth %	37.5%	15.21%	25.52%	24.34%	-7.02%	9.86%	22.05%	12.49%	-100%
Operating CF / Revenue %	10.58%	11.73%	13.24%	14.77%	10.06%	10.29%	13.7%	15.45%	0%
Net Income	-608K	47.98M	48.16M	24.55M	-30.31M	-19.47M	-336.27M	-94.75M	-115.28M
Depreciation & Amortization	116.74M	117.8M	163.5M	216.04M	319.84M	331.45M	353.74M	360.82M	228.42M
Stock-Based Compensation	2.36M	10.68M	15.87M	17.9M	23.93M	27.14M	23.59M	28.23M	22.92M
Other Non-Cash Items	41.1M	28.26M	17.44M	46.63M	81.46M	101.42M	402.31M	193.74M	-109.48M
Working Capital Changes	6.09M	-13.4M	1.92M	2.29M	-112.71M	-114.56M	-66.44M	-62.96M	0
Cash from Investing	-138.83M	-125.7M	-1.6B	-2.25B	-1.24B	-348.49M	-357.07M	-313.18M	0
Acquisitions (Net)	0	0	-1.3B	-1.88B	-748.33M	-30.26M	-34.91M	-13.05M	0
Purchase of Investments	0	0	0	-922.35M	0	0	0	0	0
Sale of Investments	0	0	0	1000K	0	0	0	0	0
Other Investing	10.16M	19.51M	1.15M	79.66M	959K	4.71M	8.07M	9.32M	0
Cash from Financing	-18.6M	84.94M	1.4B	2.33B	431.49M	23.32M	-285K	-106.78M	0
Dividends Paid	-48.67M	-78.47M	-135.44M	-167.09M	-227.52M	-238.71M	-242.22M	-252.12M	0
Common Dividends	-20.21M	-76.52M	-135.44M	-167.09M	-227.52M	-238.71M	-242.22M	-252.12M	0
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	1000K	1000K	-1000K	1000K	0
Share Repurchases	0	0	0	0	0	0	0	0	0
Other Financing	-4.21M	-11.93M	1.08M	-10.28M	-24.22M	-12.11M	2.62M	-3.74M	0
Net Change in Cash	7.03M▲ 0%	144.13M▲ 1949.4%	26.52M▼ 81.6%	380.44M▲ 1334.7%	-538.09M▼ 241.4%	-29.89M▲ 94.4%	7.33M▲ 124.5%	-12.74M▼ 273.8%	0▲ 100.0%
Exchange Rate Effect	1000K	-1000K	-110K	1000K	-1000K	-1000K	-1000K	-1000K	0
Cash at Beginning	62.93M	69.96M	214.1M	240.61M	621.05M	82.96M	53.06M	60.39M	0
Cash at End	69.96M	214.1M	240.61M	621.05M	82.96M	53.06M	60.39M	47.65M	0
Free Cash Flow	14.33M▲ 0%	42.95M▲ 199.7%	-66.24M▼ 254.2%	-108.67M▼ 64.1%	-218.77M▼ 101.3%	-22.95M▲ 89.5%	35.92M▲ 256.5%	102.42M▲ 185.2%	0▼ 100.0%
FCF Growth %	-67.36%	199.69%	-254.21%	-64.06%	-101.31%	89.51%	256.5%	185.15%	-100%
FCF / Revenue %	0.93%	2.68%	-3.71%	-5.47%	-8.06%	-0.79%	1.34%	3.84%	0%

COLD Key Ratios

Americold Realty Trust, Inc. (COLD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	1.77	1.66	1.15	1.15	1.16	1.11	1.16	0.06	0.94	0.88
FFO Payout Ratio	16.34%	17.38%	46.16%	63.99%	69.45%	78.62%	76.51%	1381.91%	94.6%	0%
NOI Margin	23.2%	24.24%	25.3%	26.81%	27.75%	23.2%	23.88%	28.82%	31.75%	100%
Net Debt / EBITDA	7.21x	7.30x	4.37x	5.75x	6.78x	8.50x	8.42x	13.98x	7.49x	11.64x
Debt / Assets	78.71%	79.38%	59.66%	46.32%	41.23%	41.64%	44.2%	44.38%	47.58%	55.39%
Interest Coverage	1.11x	1.19x	1.93x	1.39x	1.84x	0.74x	0.76x	-0.77x	0.92x	-
Book Value / Share	3.18	2.65	4.9	9.96	18.33	15.43	14.05	13.18	11.61	10.23
Revenue Growth	0.58%	3.6%	3.89%	11.23%	11.44%	36.58%	7.36%	-8.28%	-0.25%	-2.43%

COLD SEC Filings & Documents

Americold Realty Trust, Inc. (COLD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Feb 19, 2026·SEC

Material company update

Jan 26, 2026·SEC

Material company update

Dec 22, 2025·SEC

10-K Annual Reports

FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

COLD Frequently Asked Questions

Americold Realty Trust, Inc. (COLD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Americold Realty Trust, Inc. (COLD) reported $2.60B in revenue for fiscal year 2025. This represents a 207% increase from $847.0M in 2007.

Americold Realty Trust, Inc. (COLD) saw revenue decline by 2.4% over the past year.

Americold Realty Trust, Inc. (COLD) reported a net loss of $114.5M for fiscal year 2025.

Dividend & Returns

Americold Realty Trust, Inc. (COLD) has a return on equity (ROE) of -3.7%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Americold Realty Trust, Inc. (COLD) generated Funds From Operations (FFO) of $252.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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Americold Realty Trust, Inc. (COLD) financial analysis — history, returns, DCA and operating performance tools

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Dividend History

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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Americold Realty Trust, Inc.(COLD)Earnings, Financials & Key Ratios

COLD Key Insights

✓Strengths

✗Weaknesses

COLD Price & Volume

COLD Growth Metrics

Revenue CAGR

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