{"id":3659,"date":"2018-01-12T11:18:11","date_gmt":"2018-01-12T16:18:11","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3659"},"modified":"2018-01-12T11:18:11","modified_gmt":"2018-01-12T16:18:11","slug":"americold-realty-trust-ipo-preview-cold","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/americold-realty-trust-ipo-preview-cold\/","title":{"rendered":"Americold Realty Trust #IPO Preview $COLD"},"content":{"rendered":"

\"americoldrealty\"<\/a><\/p>\n

Company: Americold Realty Trust
\nSymbol: COLD
\nDescription: They are the world\u2019s largest owner and operator of temperature-controlled warehouses.
\nShares: 24 million
\nPrice Range: $14.00-$16.00
\nTrade Date: 1\/19
\nUnderwriter(s): BofA Merrill Lynch, J.P. Morgan, RBC Capital
\nCo-Manager(s): Rabo Securities, Baird, Citizens Capital Markets, Raymond James, SunTrust Robinson Humphrey, BB&T Capital Markets, BTIG
\nFiled: 1-9-18<\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>:\u00a0As of September\u00a030, 2017, they operated a global network of 160 high-quality warehouses encompassing 945.3\u00a0million cubic feet, with 142 warehouses in the United States, six warehouses in Australia, seven warehouses in New Zealand, two warehouses in Argentina and three warehouses in Canada. Upon the completion of this offering, they\u00a0will be the first publicly traded REIT focused on the temperature-controlled warehouse industry.<\/p>\n

They\u00a0consider their\u00a0temperature-controlled warehouses to be \u201cmission-critical\u201d real estate in the markets they\u00a0serve from \u201cfarm to fork\u201d and an integral component of the temperature-controlled food infrastructure supply chain, which we refer to as the \u201ccold chain.\u201d The cold chain is vital for maintaining the quality of food producers\u2019, distributors\u2019, retailers\u2019 and e-tailers\u2019 temperature-sensitive products, protecting brand reputation and ensuring consumer safety and satisfaction.<\/p>\n

Customers:<\/strong> Their\u00a0customers depend upon the location, high-quality, integration and scale of our portfolio to ensure the integrity and efficient distribution of their products. Many of their\u00a0warehouses are located in key logistics corridors in the countries in which we operate, including strategically critical U.S. and international MSAs, while others are connected or immediately adjacent to customers\u2019 production facilities. They\u00a0believe their\u00a0strategic locations and the extensive geographic presence of their\u00a0integrated warehouse network are fundamental to their\u00a0customers\u2019 ability to optimize their distribution networks while reducing their capital expenditures, operating costs and supply-chain risks. Many of the warehouses in their\u00a0real estate portfolio have been modernized to reduce their\u00a0power costs and increase their competitive position through reliable temperature-control systems and processes.<\/p>\n

Financials:<\/strong><\/p>\n

Their total revenues were $1.017 billion, $1.027 billion, $1.039 billion, $1.057 billion, and $1.080 billion, and their net income (loss) was ($28.1 million), ($30.8 million), ($42.4 million), ($21.2 million), and $4.9 million in 2012, 2013, 2014, 2015 and 2016, respectively. In the first three quarters of 2017, their total revenues increased 4.2% to $1.142 billion and their net loss increased 15.9% to $8.6 million, compared to the results in the same period in the previous year.<\/p>\n

\"Americold.Financials\"<\/a><\/p>\n

Distributions:<\/strong>\u00a0They intend to make regular quarterly distributions to holders of their common shares. They intend to make a pro rata initial distribution with respect to the period commencing on the completion of this offering and ending\u00a0March 31, 2018, based on $0.1875 per share for a full quarter. On an annualized basis, this would be $0.75 per share, or an annual distribution rate of 5.00% based on the assumed initial public offering price of $15.00 per share.<\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Americold Realty Trust Symbol: COLD Description: They are the world\u2019s largest owner and operator of temperature-controlled warehouses. Shares: 24 million Price Range: $14.00-$16.00 Trade Date: 1\/19 Underwriter(s): BofA Merrill Lynch, J.P. Morgan, RBC Capital Co-Manager(s): Rabo Securities, Baird, Citizens Capital Markets, Raymond James, SunTrust Robinson Humphrey, BB&T Capital Markets, BTIG Filed: 1-9-18 Link to[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[1],"tags":[],"class_list":["post-3659","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=3659"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3659\/revisions"}],"predecessor-version":[{"id":3661,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3659\/revisions\/3661"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}