Americold Realty Trust, Inc.

NYSE:COLD Stock Report

Market Cap: US$4.1b

Americold Realty Trust Future Growth

Future criteria checks 0/6

Americold Realty Trust is forecast to grow earnings and revenue by 80.9% and 5% per annum respectively. EPS is expected to grow by 82.8% per annum. Return on equity is forecast to be -2.5% in 3 years.

Key information

80.9%

Earnings growth rate

82.75%

EPS growth rate

Industrial REITs earnings growth1.5%
Revenue growth rate5.0%
Future return on equity-2.47%
Analyst coverage

Good

Last updated08 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 05

COLD: Debt Reduction From EQT Joint Venture Should Support 2026 REIT Recovery

Americold Realty Trust's updated analyst price target of $19.69, down from $21.98, reflects analysts' revised views on slower revenue and margin assumptions, even as recent research highlights progress on earnings, leverage and new joint ventures in cold storage. Analyst Commentary Recent Street research on Americold Realty Trust has centered on updated earnings expectations, the impact of new joint ventures in cold storage and how these factors feed into valuation.
Narrative Update • May 21

COLD: Future Returns Will Depend On Joint Venture Leverage Gains And Execution

Narrative Update Americold Realty Trust's fair value estimate has been updated to $15.50 from $14.59, as analysts cite recent Q1-driven price target increases across the Street and an improved leverage profile that they believe supports a narrower valuation gap versus peers. Analyst Commentary Recent research on Americold Realty Trust shows a mix of optimism and caution, with several firms updating models and price targets following Q1 results and the joint venture impact on leverage.
Narrative Update • Apr 28

COLD: Fair Outlook Balances Governance Turmoil With Tough 2026 Occupancy Challenges

Americold Realty Trust's analyst fair value estimate has shifted from $13.00 to $12.00 as analysts weigh mixed research commentary, including recent downgrades and neutral views, against updated assumptions for revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research on Americold Realty Trust has turned more cautious, with the latest fair value estimate moving to $12.00 after a mix of downgrades, neutral initiations and tempered optimism around the company’s medium term outlook.
Narrative Update • Apr 14

COLD: Future Recovery Will Rely On Improving Execution And Occupancy Conditions

The analyst price target for Americold Realty Trust has shifted slightly to $14.59 from $14.80, as analysts weigh recent neutral and bullish initiations alongside revised company estimates and mixed rating changes across the Street. Analyst Commentary Recent research on Americold Realty Trust reflects a mix of optimism on the company’s execution and outlook, alongside fresh caution on return potential relative to other opportunities in the sector.
Narrative Update • Mar 31

COLD: Better Than Feared Outlook Will Meet Tough 2026 Occupancy Headwinds

Americold Realty Trust's consensus analyst price target has moved up by $3 to $14, as analysts factor in updated views that recent guidance was "better than feared" while still acknowledging potential challenges around 2026 pricing and occupancy trends. Analyst Commentary Recent research coverage paints a mixed picture for Americold Realty Trust, with several firms adjusting price targets around the US$14 level and reinforcing Neutral or equivalent ratings.
Seeking Alpha • Mar 23

Americold: A Globally Critical Cold-Storage Industrial REIT, But Occupancy Could Improve

Summary For my first rating of Americold, I called it a hold. I like their large global portfolio and key role in a critical niche like cold storage, their high dividend yield (above 8%), and investment-grade rating from Fitch. Margins have shown pressure, with this business model being a high-cost one among industrial REITs, and any reduced occupancy can impact earnings. This REIT (COLD) has a notable list of major names in the food/consumer staples/grocery niche, including Walmart, Tyson's, and others. Spikes in energy costs this year could have a downside risk to this particular type of REIT, which depends heavily on electricity powering temperature-controlled storage. Read the full article on Seeking Alpha
Narrative Update • Mar 16

COLD: Better Than Feared Outlook Will Face Tougher Occupancy Conditions

The analyst fair value estimate for Americold Realty Trust has moved from $12.00 to $13.00. This reflects a series of recent price target updates around $13 to $15 as analysts factor in a company outlook described as better than feared but still facing tougher pricing and occupancy conditions into 2026.
Narrative Update • Mar 02

COLD: Weaker Cold Storage Demand Will Pressure Occupancy Through 2026

Americold Realty Trust's fair value estimate has moved from $11.00 to $12.00 as analysts factor in higher price targets around $13 to $15 and mixed views on the company’s outlook, including comments that conditions may be "better than feared" but still challenging into 2026. Analyst Commentary Recent research on Americold Realty Trust points to a mixed backdrop, with several firms adjusting price targets into the low to mid teens and stressing that the operating setup into 2026 could be difficult.
Narrative Update • Feb 16

COLD: Discounted Cold Storage Portfolio Is Expected To Benefit From 2026 REIT Turnaround

The analyst price target for Americold Realty Trust has been trimmed by about $0.12. Analysts cited sector-level caution on cold storage REITs and expectations for tougher pricing and occupancy conditions, partly offset by slightly stronger assumptions for revenue growth, profit margins, and a lower future P/E multiple.
Narrative Update • Feb 02

COLD: Future Recovery Will Rely On Occupancy And Pricing Conditions Improving

Analysts have trimmed their price target on Americold Realty Trust by $0.20 to $14.80. This reflects a more cautious stance on cold storage REITs overall, even as some see selective upside and ongoing challenges around demand, pricing, and occupancy.
Narrative Update • Jan 19

COLD: Weaker Cold Storage Demand Will Pressure Occupancy And Constrain Future Upside

Analysts have reduced their fair value estimate for Americold Realty Trust to $11.00 from $15.00, citing a mix of lowered Street price targets, more cautious assumptions on revenue growth, and a higher discount rate, even as margin and future P/E inputs are kept broadly similar. Analyst Commentary Recent research points to a more cautious tone around Americold Realty Trust, with several Bearish analysts trimming price targets and reassessing expectations for growth and execution.
Narrative Update • Jan 04

COLD: Discounted Cold Storage Portfolio Is Expected To Benefit From Demand Recovery

Analysts have lowered their price target for Americold Realty Trust from approximately $25.67 to about $22.10 per share. This adjustment reflects higher perceived risk, softer margin expectations, and a more challenging demand outlook highlighted in recent research updates.
Narrative Update • Dec 18

COLD: Future Recovery Will Depend On Demand And Occupancy Normalizing From Trough Levels

Analysts cut their average price target on Americold Realty Trust by several dollars per share to the low teens in dollar terms, citing tempered demand expectations, softer occupancy and rate outlooks, and concerns that earnings estimates for 2026 remain too high despite modest improvements in long term margins and risk assumptions. Analyst Commentary Recent Street research reflects a cautious but nuanced stance on Americold Realty Trust, with most firms trimming price targets into the low teens and resetting expectations for both near term earnings and longer term growth.
Narrative Update • Dec 04

COLD: Future Recovery Will Depend On Demand Normalization And Occupancy Stabilization

Analysts have trimmed their fair value estimate for Americold Realty Trust to $15.00 from $15.50, citing reduced revenue growth expectations, lower profit margin forecasts, and higher projected valuation multiples, following a series of recent price target cuts and rating downgrades across the Street. Analyst Commentary Street research on Americold Realty Trust has turned more cautious in recent months, with several price target cuts and rating downgrades highlighting both company specific execution risks and broader macro headwinds for the cold storage REIT space.
Narrative Update • Nov 20

COLD: Future Recovery Will Rely On Demand Normalization Amid Ongoing Macro Uncertainty

The analyst price target for Americold Realty Trust has been lowered from $16.94 to $15.50. This change reflects revised forecasts as analysts cite softer demand, ongoing macro uncertainty, and a weaker profit outlook for the company.
Narrative Update • Nov 05

COLD: Organic Growth Reset Will Set Up Recovery Despite Near-Term Headwinds

The analyst price target for Americold Realty Trust has been lowered slightly to $16.94 from $17.13. Analysts cite revised organic growth expectations and ongoing occupancy pressures as key factors behind the update.
Narrative Update • Oct 22

Analyst Revisions Reflect Cautious Optimism for Americold Realty Trust Amid Valuation Changes

Analysts have lowered their average price target for Americold Realty Trust from $17.87 to $17.13 per share. This change reflects more cautious expectations for organic growth and occupancy trends in the coming years.
Narrative Update • Oct 08

Dubai Expansion And Asia Pacific Demand Will Boost Cold Storage

The average analyst price target for Americold Realty Trust has been reduced from $19.27 to $17.87 per share. Analysts cite softer growth expectations and incremental occupancy pressures in their revised outlooks.
Narrative Update • Sep 24

Dubai Expansion And Asia Pacific Demand Will Boost Cold Storage

Americold Realty Trust’s analyst price target was revised downward as persistent industry headwinds, ongoing estimate resets, and a deteriorating long-term outlook for demand and profitability have tempered sentiment, resulting in a modest fair value reduction from $19.67 to $19.27. Analyst Commentary Lowered 2026 consensus estimates and ongoing risk of further estimate resets as management signals expectations may still be too optimistic.
Narrative Update • Sep 09

Dubai Expansion And Asia Pacific Demand Will Boost Cold Storage

Americold Realty Trust’s fair value estimate has been lowered as analysts cite lagging operational performance, persistent sector headwinds, and uncertainty over demand recovery, resulting in a consensus price target decrease from $20.13 to $19.67. Analyst Commentary Lagging operational trends compared to historical expectations, as reflected in management’s recent commentary.
Narrative Update • Aug 15

Dubai Expansion And Asia Pacific Demand Will Boost Cold Storage

Americold Realty Trust’s fair value outlook remains pressured by softer demand, elevated new supply, and continued industry headwinds, leading to an unchanged consensus analyst price target of $21.13. Analyst Commentary Softer demand and elevated new supply continue to pressure cold storage REITs' operating environment.
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New Narrative • May 26

Recurring Revenue And Global Cold Chain Expansion Will Secure Value

Long-term contracts and strategic international partnerships drive stable, recurring cash flows, positioning the company for revenue growth and diversification.
Seeking Alpha • Jan 25

Americold Realty Is A Great Bargain Near 5-Year Low

Summary Americold Realty Trust offers a compelling value proposition with a 4% dividend yield and trades well below its historical P/FFO multiple. Despite recent share price weakness, COLD has shown strong financial performance, with improving margins and robust AFFO growth. COLD is positioned for future growth through automation initiatives and a $1 billion development pipeline that is essential for the global food supply chain. Read the full article on Seeking Alpha
Seeking Alpha • Nov 11

Take A COLD Bite Of Americold Realty Trust

Summary Americold Realty Trust, the largest tradeable cold-storage REIT, has underperformed due to management miscalculations and excess capacity. I like the cold-storage industry long-term, and furthermore wonder whether incoming Trump Administration policies could cause a business inflection. Americold's leadership team is relatively new, and might be on a short leash to improve results or be replaced. I'm comfortable taking a full position in COLD below $23, collecting a ~4% yield as I wait for operational improvements. Read the full article on Seeking Alpha
Seeking Alpha • Aug 23

Americold: 2 Likely Paths To Success For The Beaten REIT

Summary Cold storage facilities are specialized, capital intensive, and expensive, so REITs often avoid them. Americold Realty or COLD is a leading cold storage REIT that has seen significant growth since going public in 2018, but recent performance has slowed. Despite recent challenges, COLD has potential for valuation improvement or acquisition, offering opportunities for shareholder value. Read the full article on Seeking Alpha
Seeking Alpha • Jun 20

The Icy Giant Awakens: Resurgence For Americold Realty Trust

Summary Americold increased guidance for 2024 by 3.6%, with year-over-year growth at 11.8%. Americold invests in warehouses for cold storage, with a unique Warehouse Services segment. Despite declining share prices, Americold has shown strong AFFO per share growth and outperformed expectations. Dipping occupancy is a challenge, but commentary implies occupancy recovering in second half. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:COLD - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20282,764-13N/AN/A4
12/31/20272,537-11N/AN/A8
12/31/20262,484-15N/AN/A8
3/31/20262,602-112369369N/A
12/31/20252,600-115360360N/A
9/30/20252,607-62392392N/A
6/30/20252,617-55364364N/A
3/31/20252,626-120380380N/A
12/31/20242,663-94412412N/A
9/30/20242,677-285422422N/A
6/30/20242,671-284482482N/A
3/31/20242,660-316387387N/A
12/31/20232,672-326366366N/A
9/30/20232,714-94310310N/A
6/30/20232,804-99250250N/A
3/31/20232,8845326326N/A
12/31/20222,914-11300300N/A
9/30/20222,907-24292292N/A
6/30/20222,858-11279279N/A
3/31/20222,783-32242242N/A
12/31/20212,714-29273273N/A
9/30/20212,522-66231231N/A
6/30/20212,311-59257257N/A
3/31/20212,138-13260260N/A
12/31/20201,98725294294N/A
9/30/20201,95089311311N/A
6/30/20201,918104320320N/A
3/31/20201,87476264264N/A
12/31/20191,78448N/A236N/A
9/30/20191,71330N/A215N/A
6/30/20191,64827N/A191N/A
3/31/20191,60552N/A191N/A
12/31/20181,60346N/A188N/A
9/30/20181,59144N/A161N/A
6/30/20181,5798N/A157N/A
3/31/20181,562-37N/A168N/A
12/31/20171,542-30N/A163N/A
9/30/20171,536-26N/A159N/A
12/31/20161,490-24N/A119N/A
12/31/20151,478-51N/A107N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: COLD is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: COLD is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: COLD is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: COLD's revenue (5% per year) is forecast to grow slower than the US market (12.5% per year).

High Growth Revenue: COLD's revenue (5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: COLD is forecast to be unprofitable in 3 years.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 21:27
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Americold Realty Trust, Inc. is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas ThillmanBaird
Anthony PowellBarclays
Brendan LynchBarclays