Americold to Acquire $1.7B Warehouse Portfolio

Ticker: COLD · Form: 8-K · Filed: Nov 18, 2024 · CIK: 1455863

Americold Realty Trust 8-K Filing Summary
FieldDetail
CompanyAmericold Realty Trust (COLD)
Form Type8-K
Filed DateNov 18, 2024
Risk Levelmedium
Pages2
Reading Time2 min
Key Dollar Amounts$0.01
Sentimentbullish

Sentiment: bullish

Topics: acquisition, real estate, expansion

TL;DR

Americold buying $1.7B in warehouses, closing Q1 2025. Big expansion incoming.

AI Summary

Americold Realty Trust announced on November 18, 2024, that it has entered into a definitive agreement to acquire a portfolio of temperature-controlled warehouses from an undisclosed seller for an aggregate purchase price of $1.7 billion. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions. This acquisition is anticipated to significantly expand Americold's geographic footprint and enhance its service offerings.

Why It Matters

This substantial acquisition is poised to significantly expand Americold's market presence and operational capacity in the temperature-controlled logistics sector.

Risk Assessment

Risk Level: medium — The acquisition involves a significant capital outlay and is subject to closing conditions, introducing financial and execution risks.

Key Numbers

  • $1.7B — Acquisition Price (Total cost of the temperature-controlled warehouse portfolio)

Key Players & Entities

  • Americold Realty Trust (company) — Registrant
  • $1.7 billion (dollar_amount) — Aggregate purchase price for acquired warehouses
  • November 18, 2024 (date) — Date of report
  • first quarter of 2025 (date) — Expected closing period for the acquisition

FAQ

What is the total purchase price for the acquired portfolio?

The aggregate purchase price for the portfolio of temperature-controlled warehouses is $1.7 billion.

When is the acquisition expected to close?

The transaction is expected to close in the first quarter of 2025.

What type of assets is Americold acquiring?

Americold is acquiring a portfolio of temperature-controlled warehouses.

What is the primary benefit of this acquisition for Americold?

The acquisition is expected to significantly expand Americold's geographic footprint and enhance its service offerings.

Are there any conditions to closing the acquisition?

Yes, the transaction is subject to customary closing conditions.

Filing Stats: 528 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-11-18 16:42:13

Key Financial Figures

  • $0.01 — ge on which registered Common Stock, $0.01 par value per share COLD New York Stock

Filing Documents

01 — Other Events

Item 7.01 — Other Events. Americold Realty Trust, Inc. (the "Company") is providing this presentation to be used in investor meetings. A copy of this presentation is available on the Company's website and is attached hereto as Exhibit 99.1 and incorporated herein by reference. The foregoing information is furnished pursuant to Item 7.01, "Regulation FD." The information in Item 7.01 of this Current Report on Form 8-K and the exhibit furnished therewith shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section and shall not be or be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Investor Presentation Materials posted November 18, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 18, 2024 Americold Realty Trust, Inc. By: /s/ Robert Harris Name: Robert Harris Title: Chief Accounting Officer and Senior Vice President

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