2024-06-20 02:31:12 ET
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.
It's time to take a deeper look at Americold ( COLD ).
Despite their weak share price performance, their AFFO per share growth was quite strong the last couple of years....
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The Icy Giant Awakens: Resurgence For Americold Realty Trust