Americold Realty Trust Announces 2024 Tax Treatment of Common Stock Distributions

Americold Realty Trust announced 2024 tax treatment for common stock distributions and dividend details for shareholders.

Quiver AI Summary

Americold Realty Trust, Inc. announced the tax treatment for its common stock distributions for 2024, advising shareholders to consult with their tax advisors for specific guidance. The company reported the details of its dividend payments across quarters, including a fourth quarter 2023 dividend of $0.22 per share paid in 2024, and similar payments expected for 2024. The total distribution amount for 2024 is indicated as $0.8800 per share. Americold, a leader in temperature-controlled logistics and real estate, operates 239 such warehouses globally, providing essential services in the supply chain for food products.

Potential Positives

• The announcement details the tax treatment of common stock distributions, providing important information for shareholders regarding their investments.
• The company continues to maintain a consistent dividend payout of $0.22 per share, which may enhance shareholder confidence and attract potential investors.
• Americold's significant scale is highlighted, owning and operating 239 temperature-controlled warehouses worldwide, underscoring its position as a leader in the logistics sector.
• The company’s facilities are depicted as vital to the supply chain, emphasizing its role in connecting various stakeholders, which may enhance its reputation and appeal in the market.

Potential Negatives

• Shareholders may face confusion regarding the tax treatment of distributions, as they are encouraged to consult their personal tax advisors, which may indicate a lack of clarity or complexity in the company's dividend structure.


• The company's dividends are being paid later than expected, with the fourth quarter 2023 dividend being included in 2024 distributions, which could be perceived negatively by investors regarding cash flow management.


• There is a significant emphasis on the tax implications of distributions, suggesting potential tax burdens for shareholders that may deter investment interest.

FAQ

What is the 2024 tax treatment for Americold's stock distributions?

Shareholders are advised to consult with their tax advisors regarding the specific tax treatment of Americold's distributions for 2024.

When is the next Americold dividend payment scheduled?

The next Americold dividend payment is scheduled for April 15, 2024, with a total of $0.22 per share.

How much did Americold's fourth quarter dividend pay in 2023?

Americold's fourth quarter dividend for 2023 paid $0.22 per share, which is included in the 2024 distributions.

What is Americold's focus in the logistics industry?

Americold specializes in temperature-controlled logistics, focusing on the ownership and operation of temperature-controlled warehouses.

How many warehouses does Americold operate globally?

Americold operates 239 temperature-controlled warehouses with approximately 1.5 billion refrigerated cubic feet of storage worldwide.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$COLD Insider Trading Activity

$COLD insiders have traded $COLD stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $COLD stock by insiders over the last 6 months:

• ROBERT E. HARRIS (SVP & Chief Accounting Oficer) has made 0 purchases and 2 sales selling 1,836 shares for an estimated $41,567.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$COLD Hedge Fund Activity

We have seen 169 institutional investors add shares of $COLD stock to their portfolio, and 192 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• FMR LLC added 3,844,603 shares (+40.8%) to their portfolio in Q3 2024, for an estimated $108,686,926
• DEUTSCHE BANK AG\ added 3,584,086 shares (+1615.6%) to their portfolio in Q3 2024, for an estimated $101,322,111
• LONG POND CAPITAL, LP removed 2,313,486 shares (-52.8%) from their portfolio in Q3 2024, for an estimated $65,402,249
• ALYESKA INVESTMENT GROUP, L.P. added 2,270,157 shares (+328.8%) to their portfolio in Q3 2024, for an estimated $64,177,338
• AMERICAN CENTURY COMPANIES INC added 2,242,809 shares (+527.1%) to their portfolio in Q3 2024, for an estimated $63,404,210
• MILLENNIUM MANAGEMENT LLC removed 2,085,140 shares (-58.1%) from their portfolio in Q3 2024, for an estimated $58,946,907
• CENTERSQUARE INVESTMENT MANAGEMENT LLC added 1,887,840 shares (+128.3%) to their portfolio in Q3 2024, for an estimated $53,369,236

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

ATLANTA, GA., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company” or “Americold”), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced the 2024 tax treatment of the Company’s common stock distributions, as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s distributions.

CUSIP 03064D108

The Company paid its fourth quarter 2023 dividend of $0.22 per share in calendar year 2024. The total amount of the 2023 fourth quarter dividend of $0.22 per share is included with the shareholders’ 2024 distributions. The Company paid its fourth quarter 2024 dividend of $0.22 per share in calendar year 2025. The 2024 fourth quarter dividend will be included with the shareholders’ 2025 distributions and is not included on the 2024 Form 1099.

About Americold Realty Trust, Inc.

Americold is a global leader in temperature-controlled logistics real estate and value-added services. Focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, Americold owns and/or operates 239 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors, and retailers to consumers.

Contacts:

Americold Realty Trust, Inc.


Investor Relations


Telephone: 678-459-1959


Email:

investor.relations@americold.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.