Americold Realty Trust

Americold (NYSE: COLD) is a global leader in temperature-controlled logistics and real estate, facilitating the movement of food worldwide. The company connects producers, processors, distributors, and retailers by providing cold storage and transportation solutions. Americold operates as a self-administered and self-managed publicly traded real estate investment trust (REIT). As of December 31, 2025, Americold operated a global network of 231 temperature-controlled warehouses, totaling approximately 1.4 billion cubic feet. This network includes 188 warehouses in North America, 23 in Europe, 18 in Asia-Pacific, and 2 in South America. Additionally, the company holds a minority interest in RSA Cold Holdings Limited, a joint venture that operates 2 temperature-controlled warehouses in Dubai. Throughout 2025, Americold's business was viewed through three primary segments: Warehouse, Transportation, and Third-Party Managed. Its temperature-controlled warehouses are critical assets within the global cold chain, supporting the movement of food products from production to consumption. The global network supports various customer solutions across the temperature-controlled food supply chain, focusing on four primary solution-oriented nodes: production-focused, forward distribution-focused, retail solutions-focused, and port-oriented facilities. Production-focused facilities primarily support food production and processing operations, often located near customer manufacturing or harvesting sites. These warehouses provide value-added services like blast freezing, tempering, and packaging, and are generally configured to integrate with customer production workflows, often operating under long-term fixed-commitment arrangements.