Americold: Wounds From Cold Storage Oversupply Will Heal Over the Medium Term

Americold Realty Trust is the world’s second-largest temperature-controlled warehouse REIT, operating 224 facilities and over 1.4 billion cubic feet across the globe. The warehouse segment is responsible for over 90% of revenue and an even higher percentage of profits, while the transportation segment serves as a supplement that improves client monetization. The firm has taken strides to improve revenue stability through the cycle by expanding its prevalence of fixed-commitment contracts and inking longer duration contracts, now representing 58% of storage revenue and a weighted-average stated term of eight years, up from 42% and six years in 2020.