Americold Realty Trust: This 6.5% REIT Is A Hold

Philip Wang 1.22K Followers Follow Summary Americold Realty Trust is rated 'Hold' despite a 6.5% dividend yield and improved balance sheet post-EQT JV. COLD raised full-year AFFO guidance to $1.26–$1.32/share, but AFFO/share is expected to decline for a second consecutive year. Same-store NOI continues to contract due to persistent power and labor cost pressures, challenging margin recovery. COLD trades at an 11x P/AFFO multiple, below peers, but margin of safety is insufficient given ongoing AFFO and NOI declines. Traimak_Ivan/iStock via Getty Images Introduction Since the start of the year, Americold Realty Trust ( COLD ) has seen its share price increase by approximately 10%. Including dividends, the company 's total return is around 14.5%, an attractive return. Given this This article was written by Philip Wang 1.22K Followers Follow Dividend-focused investor specializing in REITs. I write fundamental deep dives on REITs, emphasizing sustainable dividends, balance sheet strength, and catalysts. Follow me for cycle-aware, income-oriented REIT ideas with clear Buy/Hold/Sell calls. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.