americOLD Global Market Leadership and Growth Strategy
Company Snapshot
World's largest publicly traded REIT focused on the ownership, operation, development and acquisition of temperature-controlled warehouses
Portfolio Overview
Warehouses
Ownership
Type
183
147 owned (1),
25 capital/
operating leased, 11
managed
Financial Highlights
+|+
Total
Capacity
Average
Facility Size
Countries of
Operation
Estimate of U.S.
Market Share
Number of
Customers
Number of
Pallet Positions
1.1bn cubic feet
/ 45mm square
feet
6mm cubic feet
/ 253K square
feet
U.S., Australia,
New Zealand,
27% (2)
~2,600
~4.0mm
Argentina,
Canada and Brazil
$8.6bn Total Enterprise Value (3)
$6.8bn Equity Market Cap (3)
$0.33 1020 AFFO per Share
$0.84 1020 Annualized Dividend per Share
6.8%/11.1% 1Q20 SS Revenue / NOI Growth Rate (4)
Note: Figures as of March 31, 2020, unless otherwise indicated
(1)
(2) IARW Top Companies in USA and North America, February 2020 and USDA Capacity of Refrigerated Warehouses, January 2020
Includes seven ground leased assets
(3)
Based on COLD share price as of May 12, 2020
(4)
(5)
Same store revenue and NOI growth rates on a constant currency basis
Excludes quarry business
LTM 3/31/20 Segment Breakdown (5)
Warehouse
Revenue
Contribution / NOI (6)
Warehouse
94%
79%
LTM 3/31/20
TOTAL
REVENUE
14%
$1,866mm
Third-Party
Managed
LTM 3/31/20
TOTAL
CONTRIBUTION
(NOI)
$550mm
8%
Transportation
(6) Segment contribution refers to segment's revenues less segment specific operating expenses (excludes any depreciation, depletion and amortization, impairment charges and corporate level
SG&A). Contribution for our warehouse segment equates to net operating income ("NOI")
2%
3% Third-Party
Managed
Transportation
2
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