Str Ohio Decreases Holdings in Americold Realty Trust by 9.8% in Q1

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Americold Realty Trust ($NYSE:COLD), Inc. is a publicly traded real estate investment trust (REIT) based in Atlanta, Georgia. The company primarily focuses on the ownership, acquisition, development and management of temperature-controlled warehouses across the United States, Canada, Australia, New Zealand and Argentina. This decision was revealed in the company’s latest filing with the SEC (Securities and Exchange Commission). The decrease in Ohio Strs’ ownership is concerning for investors as the pension fund trust is one of Americold Realty Trust’s largest shareholders, owning over 10% of the company’s shares.

It should be noted that Ohio Strs’ decision to reduce its holdings does not necessarily indicate a lack of confidence in Americold Realty Trust as a company. Rather, it could simply be a sign that Ohio Strs is looking to reallocate its investments in order to maximize profits.

Analysis

At GoodWhale, we have conducted an in-depth analysis of AMERICOLD REALTY TRUST’s financials. Additionally, we have detected one risk warning in their balance sheet. To learn more about this risk warning and other investment insights, register on goodwhale.com. Our comprehensive analysis can help you make informed decisions when it comes to investing in AMERICOLD REALTY TRUST. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for COLD. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for COLD. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for COLD. More…

Key Ratios Snapshot

Some of the financial key ratios for COLD are shown below. More…

Peers

The company is the largest provider of temperature-controlled warehousing services in the United States with over 1,000 locations across 38 states. Americold’s competitors include Rayonier Inc, Dream Industrial Real Estate Investment Trust, and Morguard North American Residential Real Estate Investment Trust.

– Rayonier Inc ($NYSE:RYN)

Rayonier Inc. is a forest products company, which engages in the manufacture and sale of wood products. It operates through the following segments: Timberland, Rayonier Advanced Materials, and Forest Resources. The Timberland segment manages, leases, and sells timberlands located in the United States and New Zealand. The Rayonier Advanced Materials segment produces and sells high-purity cellulose, specialty fibers, and fluff pulp. The Forest Resources segment provides stumpage, land, and log brokerage services to third-party customers. The company was founded in 1926 and is headquartered in Jacksonville, FL.

– Dream Industrial Real Estate Investment Trust ($TSX:DIR.UN)

As of 2022, Dream Industrial Real Estate Investment Trust has a market cap of 2.71B. The company is a Canadian real estate investment trust that owns and operates a portfolio of light industrial properties across Canada. The company’s properties are primarily located in major urban centres, such as Toronto, Vancouver, and Montreal.

– Morguard North American Residential Real Estate Investment Trust ($TSX:MRG.UN)

Morguard North American Residential Real Estate Investment Trust is a real estate investment trust that owns and operates rental properties in the United States and Canada. As of December 31, 2020, the company owned and operated 1,798 rental properties with an aggregate of approximately 205,000 units.

Summary

Americold Realty Trust, Inc. is a leading owner and operator of temperature-controlled warehouses in the United States and is a publicly traded company. This has raised questions amongst investors as to whether the company is a good investment opportunity. Investors should watch for further developments in the company’s performance and financials, as well as other factors such as industry trends, in order to make an informed decision on whether to invest in Americold Realty Trust.