Americold Realty Trust Files 2023 10-K Report

TL;DR

<b>Americold Realty Trust has filed its annual 10-K report for the fiscal year ending December 31, 2023.</b>

AI Summary

AMERICOLD REALTY TRUST (COLD) filed a Annual Report (10-K) with the SEC on February 29, 2024. Americold Realty Trust filed its 2023 10-K report on February 29, 2024. The report covers the fiscal year ending December 31, 2023. The company's principal business address is 10 Glenlake Pkwy., Suite 800 S. Tower, Atlanta, GA 30328. Americold Realty Trust is incorporated in Maryland. The filing includes data for the Warehouse, Transportation, and Third-Party Managed segments.

Why It Matters

For investors and stakeholders tracking AMERICOLD REALTY TRUST, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Americold's financial performance, operational activities, and strategic positioning for the fiscal year 2023, crucial for investors to assess the company's health and future prospects. The detailed segment information (Warehouse, Transportation, Third-Party Managed) allows stakeholders to understand the performance drivers within Americold's core business areas and identify potential growth or risk areas.

Risk Assessment

Risk Level: medium — AMERICOLD REALTY TRUST shows moderate risk based on this filing. The filing is a standard 10-K, which typically contains a broad range of information including financial statements, risk factors, and management discussion, necessitating a medium-risk assessment due to the inherent complexity and potential for undisclosed material information.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 10-K to understand Americold's performance and potential challenges in the upcoming fiscal year.

Revenue Breakdown

Key Numbers

• 2023-12-31 — Fiscal Year End (Report period)
• 2024-02-29 — Filing Date (Date of submission)
• 0001455863 — Central Index Key (Company identifier)
• 001-34723 — SEC File Number (SEC filing identifier)

Key Players & Entities

• AMERICOLD REALTY TRUST (company) — Filer name
• COLD (company) — Ticker symbol
• 10-K (filing) — Form type
• 2024-02-29 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end
• Atlanta, GA (location) — Business address city and state
• 678-441-1400 (phone) — Business phone number
• Maryland (location) — State of incorporation

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-02-29: Filing Date — Date the 10-K was officially submitted to the SEC.

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share COLD New York Stock
• $24.0 m — lectively referred to as "Safeway") for $24.0 million, and Ormeau Cold Storage ("Ormeau
• $35.1 million — eau Cold Storage ("Ormeau") for 2 AUD$35.1 million or $23.5 million. Refer to Note 3-Busin
• $23.5 million — ("Ormeau") for 2 AUD$35.1 million or $23.5 million. Refer to Note 3-Business Combinations
• $4.0 million — r our equity interest, the Company paid $4.0 million in total. RSA Cold Holdings Limited con
• $36.9 million — our "JV partner") for total proceeds of $36.9 million. The gain associated with the sale was
• $100 million — nt in Project Orion to be approximately $100 million. Since inception, the Company has incur
• $61.8 million — nce inception, the Company has incurred $61.8 million of implementation costs related to Proj
• $43.9 million — costs related to Project Orion of which $43.9 million has been deferred and capitalized withi

Filing Documents

• art-20231231.htm (10-K) — 6603KB
• firstamendmenttodec42018ar.htm (EX-10.3) — 274KB
• ex1027chappelle_2022oputim.htm (EX-10.27) — 67KB
• ex1028chappelle_2022opuper.htm (EX-10.28) — 85KB
• listofsubsidiaries.htm (EX-21.1) — 90KB
• exhibit2312023.htm (EX-23.1) — 4KB
• exhibit311q423.htm (EX-31.1) — 8KB
• exhibit312q423.htm (EX-31.2) — 8KB
• exhibit321q423.htm (EX-32.1) — 4KB
• exhibit322q423.htm (EX-32.2) — 4KB
• clawbackpolicy2023.htm (EX-97.1) — 47KB
• art-20231231_g1.jpg (GRAPHIC) — 109KB
• image_0.jpg (GRAPHIC) — 0KB
• image_0a.jpg (GRAPHIC) — 2KB
• 0001628280-24-008042.txt (&nbsp;) — 31861KB
• art-20231231.xsd (EX-101.SCH) — 206KB
• art-20231231_cal.xml (EX-101.CAL) — 191KB
• art-20231231_def.xml (EX-101.DEF) — 1042KB
• art-20231231_lab.xml (EX-101.LAB) — 2047KB
• art-20231231_pre.xml (EX-101.PRE) — 1356KB
• art-20231231_htm.xml (XML) — 6570KB

Business

ITEM 1. Business The Company We are the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. We are organized as a self-administered and self-managed REIT with proven operating, development and acquisition expertise. As of December 31, 2023, we operated a global network of 245 temperature-controlled warehouses encompassing approximately 1.5 billion cubic feet, with 197 warehouses in North America, 27 in Europe, 19 warehouses in Asia-Pacific, and 2 warehouses in South America. In addition, we hold minority interests in two joint ventures, one with SuperFrio, which owns or operates 35 temperature-controlled warehouses in Brazil, and one with RSA JV, which operates 2 temperature-controlled warehouses in Dubai. We view and manage our business through three primary business segments: warehouse, transportation, and third-party managed. We consider our temperature-controlled warehouses to be "mission-critical" real estate in the markets we serve from "farm to fork" and an integral component of the temperature-controlled food infrastructure supply chain, which we refer to as the "cold chain." The cold chain is vital for maintaining the quality of food producers', distributors', retailers' and e-tailers' temperature-sensitive products, protecting brand reputation and ensuring consumer safety and satisfaction. Our customers depend upon the location, high-quality nature, integration and scale of our portfolio to ensure the integrity and efficient distribution of their products. Many of our warehouses are located in key logistics corridors in the countries in which we operate, including strategic U.S. and international metropolitan statistical areas, or MSAs, while others are connected or immediately adjacent to customers' production facilities. We believe our strategic locations and the extensive geographic presence of our integrated warehouse network are fundamental to our customers' abi

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View this 10-K filing on SEC EDGAR