NYSE : COLD
Americold Realty Trust, Inc. — Financial statements
Real Estate · REIT - Industrial · United States
Last price 14.37 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 4.10B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 2.37B | 2.38B | 2.42B | 2.39B | 2.30B | 2.09B |
| Other Revenue | 242.57M | 222.62M | 246.10M | 280.80M | 610.85M | 628.68M |
| Total Revenue | 2.61B | 2.60B | 2.66B | 2.67B | 2.91B | 2.71B |
| Property Expenses | 1.78B | 1.76B | 1.82B | 1.90B | 2.22B | 2.09B |
| Selling, General & Administrative | 267.51M | 269.47M | 255.12M | 226.79M | 231.07M | 182.08M |
| Depreciation & Amortization | 382.51M | 367.36M | 360.82M | 353.74M | 331.45M | 319.84M |
| Provision for Loan Losses | -21.97M | |||||
| Other Operating Expenses | 14.84M | 17.17M | 4.38M | 64.09M | 19.00K | |
| Total Operating Expenses | 2.45B | 2.42B | 2.44B | 2.57B | 2.78B | 2.59B |
| Operating Income | 163.87M | 183.27M | 222.71M | 102.54M | 132.51M | 127.14M |
| Interest Expense | -157.23M | -147.78M | -135.32M | -140.11M | -116.13M | -99.18M |
| Interest & Investment Income | 3.09M | 3.09M | 4.95M | |||
| Currency Exchange Gain (Loss) | 33.20M | |||||
| Other Non-Operating Income | -23.03M | 6.43M | 3.24M | -53.78M | 2.46M | 2.02M |
| EBT Excluding Unusual Items | 19.89M | 45.01M | 95.58M | -91.35M | 18.85M | 29.98M |
| Merger & Restructuring Charges | -17.45M | -9.31M | -515.00K | -20.07M | -39.27M | |
| Impairment of Goodwill | -236.51M | |||||
| Gain (Loss) on Sale of Investments | -2.40M | 11.43M | ||||
| Gain (Loss) on Sale of Assets | -53.16M | -46.92M | 3.42M | 2.25M | -5.69M | |
| Total Insurance Settlements | 5.21M | 2.21M | 447.00K | |||
| Asset Writedown | -351.44M | -47.10M | -33.13M | -7.38M | -3.31M | |
| Total Legal Settlements | 800.00K | -2.22M | ||||
| Other Unusual Items | -30.10M | -47.87M | -174.27M | -2.48M | -13.90M | -16.23M |
| Pretax Income | -470.54M | -135.73M | -103.18M | -328.09M | -29.93M | -30.60M |
| Income Tax Expense | -10.03M | -20.45M | -8.43M | -2.27M | -18.84M | -1.57M |
| Earnings From Continuing Operations | -460.51M | -115.28M | -94.75M | -325.82M | -11.09M | -29.03M |
| Earnings From Discontinued Operations | -10.45M | -8.38M | -1.28M | |||
| Net Income to Company | -460.51M | -115.28M | -94.75M | -336.27M | -19.47M | -30.31M |
| Minority Interest in Earnings | 4.44M | 734.00K | 436.00K | 54.00K | 34.00K | -146.00K |
| Net Income | -456.07M | -114.55M | -94.31M | -336.21M | -19.44M | -30.45M |
| Net Income to Common | -456.07M | -114.55M | -94.31M | -336.21M | -19.44M | -30.45M |
| Basic Shares Outstanding | 286.29M | 285.74M | 284.78M | 275.77M | 269.56M | 259.06M |
| Diluted Shares Outstanding | 286.29M | 285.74M | 284.78M | 275.77M | 269.56M | 259.06M |
| EPS (Basic) | -1.59 | -0.40 | -0.33 | -1.22 | -0.07 | -0.12 |
| EPS (Diluted) | -1.59 | -0.40 | -0.33 | -1.22 | -0.07 | -0.12 |
| Dividend Per Share | 0.92 | 0.92 | 0.88 | 0.88 | 0.88 | 0.88 |
| Operating Margin | 6.27% | 7.05% | 8.36% | 3.84% | 4.55% | 4.68% |
| Profit Margin | -17.45% | -4.41% | -3.54% | -12.58% | -0.67% | -1.12% |
| EBITDA | 546.38M | 550.63M | 583.53M | 456.29M | 463.96M | 446.98M |
| EBITDA Margin | 20.91% | 21.18% | 21.91% | 17.08% | 15.92% | 16.47% |
| D&A For Ebitda | 382.51M | 367.36M | 360.82M | 353.74M | 331.45M | 319.84M |
| EBIT | 163.87M | 183.27M | 222.71M | 102.54M | 132.51M | 127.14M |
| EBIT Margin | 6.27% | 7.05% | 8.36% | 3.84% | 4.55% | 4.68% |
| Funds From Operations (FFO) | 180.22M | 204.07M | 149.58M | -113.75M | 205.34M | 174.05M |
| FFO Per Share | 0.63 | 0.71 | 0.52 | -0.41 | 0.76 | |
| Adjusted Funds From Operations (AFFO) | 392.83M | 408.27M | 420.39M | 351.62M | 300.28M | 299.50M |
| AFFO Per Share | 1.37 | 1.43 | 1.47 | 1.27 | 1.11 | |
| FFO Payout Ratio | 146.68% | 128.08% | 168.55% | 116.25% | 130.72% | |
| Revenue as Reported | 2.61B | 2.60B | 2.67B | 2.67B | 2.91B | 2.71B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 5.46B | 5.68B | 5.35B | 5.46B | 5.42B | 5.55B |
| Cash & Equivalents | 40.47M | 136.86M | 47.65M | 60.39M | 53.06M | 82.96M |
| Accounts Receivable | 397.25M | 368.52M | 386.92M | 426.05M | 430.04M | 380.01M |
| Other Receivables | 30.82M | 43.67M | 40.82M | 12.10M | ||
| Investment In Debt and Equity Securities | 15.96M | 22.50M | 32.35M | |||
| Goodwill | 826.70M | 828.34M | 784.04M | 794.00M | 1.03B | 1.07B |
| Other Intangible Assets | 796.96M | 819.49M | 838.66M | 897.41M | 925.22M | 980.97M |
| Other Current Assets | 51.68M | 67.56M | 54.08M | 63.73M | 56.05M | |
| Trading Asset Securities | 1.91M | 14.14M | 9.58M | 15.57M | ||
| Deferred Long-Term Charges | 8.40M | 82.95M | 80.49M | 43.95M | 3.25M | |
| Other Long-Term Assets | 265.79M | 117.97M | 103.13M | 51.41M | 142.97M | 93.55M |
| Total Assets | 7.81B | 8.12B | 7.74B | 7.87B | 8.10B | 8.22B |
| Current Portion of Long-Term Debt | 625.00M | 1.16B | ||||
| Current Portion of Leases | 87.37M | |||||
| Long-Term Debt | 3.62B | 2.97B | 3.29B | 2.99B | 3.07B | 2.84B |
| Long-Term Leases | 378.19M | 287.21M | 393.88M | 499.37M | 513.28M | 578.22M |
| Accounts Payable | 597.67M | 231.19M | 221.64M | 201.09M | 215.25M | 223.93M |
| Accrued Expenses | 275.24M | 317.74M | 304.11M | 281.87M | 274.87M | |
| Other Current Liabilities | 67.62M | 64.03M | 63.56M | 60.42M | 60.61M | |
| Long-Term Unearned Revenue | 22.65M | 20.17M | 21.98M | 28.38M | 32.05M | 26.14M |
| Long-Term Deferred Tax Liabilities | 110.11M | 98.59M | 115.77M | 135.80M | 135.10M | 169.21M |
| Other Long-Term Liabilities | 7.81M | 1.75M | 7.39M | 9.08M | ||
| Total Liabilities | 5.36B | 5.20B | 4.43B | 4.23B | 4.32B | 4.19B |
| Common Stock | 2.85M | 2.85M | 2.84M | 2.84M | 2.70M | 2.68M |
| Additional Paid-In Capital | 5.67B | 5.66B | 5.65B | 5.63B | 5.19B | 5.17B |
| Distributions in Excess of Earnings | -3.21B | -2.72B | -2.34B | -2.00B | -1.42B | -1.16B |
| Comprehensive Income & Other | -53.89M | -63.19M | -27.28M | -16.64M | -6.05M | 4.52M |
| Total Common Equity | 2.41B | 2.88B | 3.28B | 3.62B | 3.77B | 4.02B |
| Minority Interest | 36.55M | 37.57M | 26.22M | 18.46M | 14.46M | 8.07M |
| Shareholders' Equity | 2.45B | 2.92B | 3.31B | 3.63B | 3.79B | 4.03B |
| Total Liabilities & Equity | 7.81B | 8.12B | 7.74B | 7.87B | 8.10B | 8.22B |
| Total Debt | 4.62B | 4.50B | 3.68B | 3.49B | 3.58B | 3.42B |
| Net Cash (Debt) | -4.58B | -4.36B | -3.62B | -3.42B | -3.51B | -3.34B |
| Net Cash Per Share | -16.00 | -15.26 | -12.71 | -12.41 | -13.04 | -12.89 |
| Filing Date Shares Outstanding | 285.48M | 284.88M | 284.39M | 283.78M | 269.93M | 268.49M |
| Total Common Shares Outstanding | 285.43M | 284.87M | 284.27M | 283.70M | 269.81M | 268.28M |
| Book Value Per Share | 8.46 | 10.13 | 11.54 | 12.75 | 13.99 | 14.99 |
| Tangible Book Value | 790.86M | 1.24B | 1.66B | 1.92B | 1.81B | 1.97B |
| Tangible Book Value Per Share | 2.77 | 4.34 | 5.83 | 6.78 | 6.73 | 7.33 |
| Land | 817.45M | 818.61M | 806.98M | 820.83M | 786.98M | 807.50M |
| Buildings | 4.77B | 4.80B | 4.46B | 4.46B | 4.25B | 4.15B |
| Construction In Progress | 573.90M | 756.80M | 606.23M | 452.31M | 526.81M | 450.15M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -456.07M | -114.55M | -94.31M | -336.21M | -19.44M | -30.45M |
| Depreciation & Amortization | 382.51M | 367.36M | 360.82M | 353.74M | 331.45M | 319.84M |
| Other Amortization | 4.40M | 5.87M | 5.33M | 5.09M | 4.83M | 4.42M |
| Gain (Loss) on Sale of Assets | 50.56M | 44.32M | -3.51M | -2.25M | 4.15M | 279.00K |
| Gain (Loss) on Sale of Investments | -2.42M | |||||
| Asset Writedown | 351.44M | 47.10M | 33.13M | 236.51M | 7.38M | 3.31M |
| Stock-Based Compensation | 28.43M | 30.19M | 28.23M | 23.59M | 27.14M | 23.93M |
| Income (Loss) on Equity Investments | 1.35M | 2.11M | 3.70M | 5.55M | 9.30M | 2.00M |
| Change in Accounts Receivable | -36.53M | 20.93M | 22.75M | -2.75M | -68.63M | -60.48M |
| Change in Accounts Payable | 38.64M | -17.04M | 17.35M | 23.55M | 13.29M | -7.50M |
| Change in Other Net Operating Assets | -52.15M | -59.06M | -107.24M | -87.24M | -46.41M | -44.73M |
| Other Operating Activities | 30.46M | 29.72M | 138.00M | 118.17M | 29.54M | 55.97M |
| Operating Cash Flow | 349.12M | 359.64M | 411.88M | 366.15M | 300.00M | 273.06M |
| Acquisition of Real Estate Assets | -555.76M | -576.85M | -309.46M | -330.24M | -322.95M | -491.83M |
| Sale of Real Estate Assets | 34.29M | 25.87M | 9.32M | 8.07M | 4.71M | 959.00K |
| Net Sale / Acq. of Real Estate Assets | -521.46M | -550.98M | -300.13M | -322.17M | -318.23M | -490.87M |
| Cash Acquisition | -108.45M | -46.65M | -15.83M | -741.35M | ||
| Investment in Marketable & Equity Securities | 18.05M | 2.92M | -13.05M | 16.36M | -14.43M | -6.97M |
| Other Investing Activities | -1.49M | -1.49M | -4.62M | |||
| Investing Cash Flow | -504.90M | -658.00M | -313.18M | -357.07M | -348.49M | -1.24B |
| Long-Term Debt Issued | 1.28B | 1.33B | 716.33M | 999.35M | 860.99M | |
| Long-Term Debt Repaid | -629.23M | -1.18B | -889.62M | -725.21M | -652.23M | |
| Net Debt Issued (Repaid) | 370.90M | 648.25M | 149.07M | -173.30M | 274.14M | 208.75M |
| Issuance of Common Stock | 2.62M | 4.44M | 5.90M | 418.61M | 7.85M | 482.51M |
| Repurchase of Common Stock | -2.99M | -3.18M | -3.65M | -3.38M | -8.31M | -16.89M |
| Common Dividends Paid | -264.34M | -261.38M | -252.12M | -242.22M | -238.71M | -227.52M |
| Total Dividends Paid | -264.34M | -261.38M | -252.12M | -242.22M | -238.71M | -227.52M |
| Other Financing Activities | -11.13M | -4.88M | -5.99M | -11.65M | -15.36M | |
| Foreign Exchange Rate Adjustments | -188.00K | 4.32M | -4.65M | -1.47M | -4.73M | -3.44M |
| Net Cash Flow | -60.91M | 89.21M | -12.74M | 7.33M | -29.89M | -538.09M |
| Levered Free Cash Flow | 420.02M | 443.38M | 506.44M | 355.11M | 301.97M | 333.88M |
| Unlevered Free Cash Flow | 512.20M | 529.88M | 585.69M | 437.58M | 369.71M | 391.44M |
| Cash Interest Paid | 158.63M | 138.45M | 122.02M | 134.51M | 118.16M | 87.72M |
| Cash Income Tax Paid | 4.82M | 5.85M | 6.72M | 5.83M | 7.88M | 10.79M |
| Change in Working Capital | -50.05M | -55.18M | -67.14M | -66.44M | -101.74M | -112.71M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.06B | 3.66B | 6.08B | 8.58B | 7.63B | 8.75B |
| Enterprise Value | 8.65B | 7.96B | 9.81B | 11.91B | 11.07B | 11.90B |
| Last Close Price | 14.37 | 12.23 | 19.15 | 26.14 | 23.74 | 26.64 |
| Price/FFO Ratio | 24.60 | 17.22 | 36.84 | -63.75 | 31.23 | |
| Price/AFFO Ratio | 11.31 | 8.55 | 13.03 | 20.58 | 21.39 | |
| PS Ratio | 1.57 | 1.41 | 2.28 | 3.21 | 2.62 | 3.22 |
| PB Ratio | 1.70 | 1.25 | 1.84 | 2.36 | 2.01 | 2.17 |
| P/OCF Ratio | 11.76 | 10.19 | 14.77 | 23.44 | 25.42 | 32.03 |
| EV/Sales Ratio | 3.32 | 3.06 | 3.68 | 4.46 | 3.80 | 4.39 |
| EV/EBITDA Ratio | 15.90 | 14.45 | 16.80 | 26.10 | 23.86 | 26.63 |
| EV/EBIT Ratio | 53.01 | 43.42 | 44.03 | 116.13 | 83.56 | 93.64 |
| Debt / Equity Ratio | 1.89 | 1.54 | 1.11 | 0.96 | 0.95 | 0.85 |
| Debt / EBITDA Ratio | 8.06 | 7.79 | 6.03 | 7.05 | 7.05 | 6.81 |
| Net Debt / Equity Ratio | 1.87 | 1.49 | 1.09 | 0.94 | 0.93 | 0.83 |
| Net Debt / EBITDA Ratio | 8.38 | 7.92 | 6.20 | 7.50 | 7.57 | 7.47 |
| Asset Turnover | 0.33 | 0.33 | 0.34 | 0.34 | 0.36 | 0.34 |
| Inventory Turnover | 247.19 | 248.22 | 105.37 | 78.77 | 85.88 | |
| Quick Ratio | 0.36 | 0.30 | 0.82 | 0.94 | 0.92 | 0.83 |
| Current Ratio | 0.36 | 0.32 | 0.93 | 1.04 | 1.03 | 0.93 |
| Return on Equity (ROE) | -16.46% | -3.70% | -2.73% | -8.78% | -0.28% | -0.74% |
| Return on Assets (ROA) | 1.29% | 1.44% | 1.78% | 0.80% | 1.01% | 0.99% |
| Return on Invested Capital (ROIC) | 2.26% | 2.54% | 3.16% | 1.42% | 1.79% | 1.76% |
| Earnings Yield | -11.19% | -3.13% | -1.55% | -3.92% | -0.26% | -0.35% |
| Dividend Yield | 6.48% | 7.15% | 4.11% | 2.91% | 3.11% | 2.70% |
| Buyback Yield / Dilution | -0.38% | -0.34% | -3.27% | -2.30% | -4.06% | -25.18% |
| Total Shareholder Return | 6.01% | 6.82% | 0.84% | 0.61% | -0.94% | -22.48% |