Americold Realty Trust, Inc. (COLD) is a global leader in temperature-controlled logistics and real estate, operating as a publicly traded real estate investment trust (REIT). The company specializes in providing temperature-controlled warehouse storage, transportation, and management services for frozen and perishable food products. With a network of 239 temperature-controlled warehouses worldwide, Americold supports the food supply chain by offering efficient and reliable solutions to food manufacturers, retailers, and distributors.
- Warehouse - Provides temperature-controlled storage and handling services, including rent and storage fees, case-picking, blast freezing, e-commerce fulfillment, and other recurring handling services.
- Transportation - Brokers and manages transportation of frozen and perishable food products, offering consolidation, freight under management, and dedicated transportation services to improve logistics efficiency.
- Third-Party Managed - Manages warehouses on behalf of third parties, delivering warehouse management services to food manufacturers and retailers to enhance supply chain efficiency and reduce costs.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
George F. Chappelle Jr. ExecutiveBoard | Chief Executive Officer | Board member of Real Good Foods | George F. Chappelle Jr. has served as the CEO and a Director of Americold Realty Trust since his permanent appointment in February 2022, after initially joining as Interim CEO and Director in November 2021. He previously held leadership roles at companies such as Tyson Foods and AdvancePierre Foods, demonstrating extensive expertise in logistics, supply chain, and operations management. | View Report → |
Jay Wells Executive | Chief Financial Officer and Executive Vice President | Jay Wells is the Chief Financial Officer and Executive Vice President at Americold Realty Trust, Inc. since January 2024, bringing over 30 years of financial leadership experience. Previously, he served as CFO of Primo Water Corporation from March 2012 to March 2023. | ||
M. Bryan Verbarendse Executive | President, Americas | M. Bryan Verbarendse is currently President, Americas at Americold Realty Trust since June 2, 2025, having previously served as Executive Vice President & Chief Operating Officer, Americas since August 2023. | ||
Michael Spires Executive | Executive Vice President and Chief Information Officer | Michael Spires is the Executive Vice President and Chief Information Officer at Americold Realty Trust, appointed in July 2023. He served as interim Chief Information Officer since December 2022. | ||
Nathan H. Harwell Executive | Executive Vice President, Chief Legal Officer, and Secretary | Nathan H. Harwell serves as the Executive Vice President, Chief Legal Officer, and Secretary at Americold Realty Trust, Inc. since September 2023. Previously, he held executive legal roles at U.S. Xpress Enterprises and Rinnai America Corporation. | ||
R. Scott Henderson Executive | Executive Vice President and Chief Investment Officer | R. Scott Henderson is the Executive Vice President and Chief Investment Officer at Americold since March 2023, having previously served as Senior Vice President, Capital Markets, Treasury, and Investor Relations from 2018. | ||
Richard C. Winnall Executive | President, International | Richard C. Winnall is currently the President, International at Americold since January 3, 2024, and has held previous roles as Chief Operating Officer, International (from August 2022) and Managing Director, International (from January 2019). | ||
Robert E. Harris Executive | Chief Accounting Officer and Senior Vice President | Robert E. Harris, Jr. has served as the Chief Accounting Officer and Senior Vice President at Americold Realty Trust, Inc. since March 2024, previously serving as Vice President and Corporate Controller from January 2014. | ||
Robert S. Chambers Executive | President | Robert S. Chambers is the President at Americold Realty Trust since June 2, 2025. Previously, he served as President, Americas starting January 3, 2024 and rejoined as Executive Vice President and Chief Commercial Officer in January 2020. | ||
Samantha L. Charleston Executive | Executive Vice President and Chief Human Resources Officer | Member of the Board of Directors for Second Nature Brands | Samantha L. Charleston has been serving as the Executive Vice President and Chief Human Resources Officer at Americold (COLD) since January 2022, where she leads talent initiatives and organizational strategies. Previously, she held senior HR roles at Newell Brands and over 20 years at Kraft Foods, and she currently serves as a member of the Board of Directors for Second Nature Brands. | |
Andrew P. Power Board | Director | CEO of Digital Realty; Board Member at Digital Realty | Andrew P. Power has served as Director at Americold Realty Trust (COLD) since January 2018. He also holds current leadership roles as CEO and Board Member at Digital Realty since 2022. | |
Antonio F. Fernandez Board | Director | President of AFF Advisors, LLC; Board Member at Utz Brands, Inc.; Trustee of Lafayette College | Antonio F. Fernandez has been serving as a Director at Americold Realty Trust, Inc. (COLD) since May 2019. He is also the Chair of the Compensation Committee and a member of the Nominating and Corporate Governance Committee and the Investment Committee, with extensive experience in global supply chain management and previously held executive roles at Pinnacle Foods, Inc.. | |
David J. Neithercut Board | Board Director | Equity Residential Trustee and Board Chair (since May 2023) ; Lead Independent Trustee at Public Storage (since January 2021) | David J. Neithercut has been serving as a Board Director at Americold Realty Trust since May 2019. He brings extensive experience from leadership roles at Equity Residential and Public Storage. | |
George J. Alburger Jr. Board | Director | George J. Alburger Jr. has served as a Director at Americold Realty Trust (COLD) since May 2010, contributing his extensive financial expertise to strategic oversight. Previously, he held significant roles such as CFO and Treasurer at Liberty Property Trust from May 1995 to June 2016. | ||
Kelly H. Barrett Board | Director | Board Member at EVERTEC INC; Board Member at Piedmont Office Realty Trust; Board Member at Louisiana-Pacific Corporation | Kelly H. Barrett has served as a Director at COLD since May 2019, contributing her extensive experience in retail operations, finance, and real estate. She also serves on the Audit and Compensation Committees at COLD, and holds board positions at EVERTEC INC, Piedmont Office Realty Trust, and Louisiana-Pacific Corporation. | |
Mark R. Patterson Board | Chairman of the Board | President, MRP Holdings, LLC; Board Member, UDR, Inc.; Board Member, Digital Realty Trust, Inc.; Board Member, Paramount Group; Senior Advisor, Investcorp, Inc.; Executive Advisor, Rockefeller Capital Management; Senior Advisor, Energy Impact Partners | Mark R. Patterson has been the Chairman of the Board at Americold Realty Trust (COLD) since March 2019, after serving as a Director since January 2018. He brings extensive experience from leadership roles at Merrill Lynch and Citigroup. | |
Pamela K. Kohn Board | Director | Chief Merchandising Officer at Rite Aid Corporation; Board Member at High Liner Foods, Inc. | Pamela K. Kohn has been serving as Director at Americold Realty Trust, Inc. since November 2021, and brings over 25 years of expertise in merchandising, supply chain, logistics, and operations from previous roles at companies such as Rite Aid Corporation and Family Dollar Division of Dollar Tree. | |
Robert L. Bass Board | Member of the Board of Directors | Robert L. Bass has been a member of Americold Realty Trust's Board of Directors since November 2021. He brings nearly two decades of global supply chain and operational expertise, with previous executive roles at Best Buy and supply chain leadership at Target. |
- Given the significant headwinds from indirect tariff impacts and declining consumer confidence mentioned in the call, can you elaborate on how these macroeconomic factors are specifically altering customer ordering behaviors and fixed commitment renewal rates?
- Despite reporting resilient pricing performance with contractually driven annual increases, how do you plan to balance these price increases with potential volume declines amid tightening market conditions and competitive pricing pressure?
- You noted that nearly 50% of your sales pipeline has been executed to date, yet there are delays in transitioning won deals into realized inventory; what specific timeline adjustments do you expect for these deals, and how might that impact your back-half revenue growth?
- With the observed gap between physical and economic occupancy remaining sizeable, what specific measures are in place to mitigate risks if this gap widens or if the anticipated growth in fixed commitment contracts does not materialize?
- Regarding your strategic asset dispositions and the associated exit of leased facilities, can you provide more detailed guidance on the anticipated one-time costs, proceeds, and timing, and how these moves will translate into improvements in non-same-store NOI later in the year?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Lineage, Inc. | This competitor is identified as one of the main competitors in North America, Europe, Australia, and New Zealand, operating warehouses and servicing various markets in the temperature-controlled warehouse industry. |
United States Cold Storage, Inc. | This competitor, an affiliate of John Swire & Sons, is listed as one of the main competitors in the North American temperature-controlled warehouse industry. |
Interstate Warehousing, Inc. | This competitor is mentioned as one of the main competitors in the North American temperature-controlled warehouse industry. |
FreezPak Logistics | This competitor is identified as one of the main competitors in the North American temperature-controlled warehouse industry. |
Vertical Cold Storage | This competitor is listed as one of the main competitors in the North American temperature-controlled warehouse industry. |
Arcadia Cold Storage & Logistics | This competitor is mentioned as one of the main competitors in the North American temperature-controlled warehouse industry. |
Conestoga Cold Storage | This competitor is identified as one of the main competitors in the North American temperature-controlled warehouse industry. |
Constellation Cold Storage | This competitor is listed as one of the main competitors in the European temperature-controlled warehouse industry. |
NewCold Advanced Logistics | This competitor is mentioned as one of the main competitors in both the European and Australian temperature-controlled warehouse industries. |
Halls Transport | This competitor is identified as one of the main competitors in New Zealand, primarily operating as a transporter with a network of five warehouses. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Houston Acquisition | 2025 | Completed on March 17, 2025 with a total cash consideration of $108.4 million for a temperature-controlled storage facility in Baytown, TX that increases Houston capacity by approximately 36,000 power positions and optimizes inventory allocation under a new fixed commitment contract with a major retailer. |
Safeway Freezers | 2023 | Completed for approximately $37 million in Southern New Jersey, acquiring a facility with around 16,800 pallet positions (6 million cubic feet) that enhances Americold’s strategic market distribution and offers a net entry NOI yield of about 9%. |
Comfrio Joint Venture | 2023 | Closed on May 30, 2023 when Americold acquired the remaining 78% interest for a total consideration of $56.6 million, using a put option mechanism and subsequently classifying the operations as held for sale, reflecting a strategic business combination and disposition of discontinued operations. |
De Bruyn Cold Storage | 2022 | Acquired on July 1, 2022 in Tasmania, Australia for approximately A$23.5 million (equivalent to $16.0 million), which included land, buildings, machinery, and goodwill, and was funded through cash drawn from Americold’s Senior Unsecured Revolving Credit Facility to expand global warehouse operations. |
Recent press releases and 8-K filings for COLD.
- On June 23, 2025, Americold Realty Trust and its subsidiaries extended the maturity date of its $375 million Term A-1 loan facility from August 23, 2025 to August 23, 2026.
- As of June 23, 2025, the Company had $375 million of borrowings outstanding under the Term A-1 Facility.
- Americold created the new President role, appointing Rob Chambers to oversee global operations with expanded P&L responsibility.
- M. Bryan Verbarendse was named President, Americas, leading business development and operations in North and South America.
- Richard Winnall, President, International, will head the Global Commercial and Operations Committees to harmonize standards and drive scalable growth.
- The company reaffirmed its 2025 full-year financial guidance as outlined in its May 8, 2025 Q1 earnings release.