We're transferring coverage of Americold Realty Trust to a new analyst and initiating coverage on Lineage. The two firms comprise the entirety of the cold-storage REIT universe.
Industry development starts stay significantly lower than anticipated, improving occupancy and pricing power.
Cheap private capital and lower automation costs fund a second wave of modern, automated capacity, weakening pricing potential for older, legacy warehouses.
|
Metric
|
COLD
|
LINE
|
PLD
|
|---|---|---|---|
Price/Earnings (Normalized) | 72.48 | 41.78 | 35.47 |
Price/Book Value | 1.70 | 1.02 | 2.20 |
Price/Sales | 1.57 | 1.50 | 13.18 |
Price/Cash Flow | 10.31 | 8.44 | 22.01 |
|
Metric
|
COLD
|
LINE
|
PLD
|
|---|---|---|---|
Quick Ratio | 0.41 | 0.62 | 0.58 |
Current Ratio | 0.41 | 0.78 | 0.74 |
Interest Coverage | −2.01 | 0.42 | 5.68 |
|
Metric
|
COLD
|
LINE
|
PLD
|
|---|---|---|---|
Return on Assets (Normalized) | 0.20% | −0.12% | — |
Return on Equity (Normalized) | 0.55% | −0.28% | — |
Return on Invested Capital (Normalized) | 2.28% | 1.80% | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Prologis Inc
PLD
| LOCK|?CD$q<P | LOCK|ys | $120B | |||
| Public Storage
PSA
| LOCK|?TGLkr&P | LOCK|y#C | $58B | |||
| Extra Space Storage Inc
EXR
| LOCK|n&^!>Vgl | LOCK|%> | $30B | |||
| Segro PLC
SEGXF
| — | LOCK|K< | $16B | |||
| EastGroup Properties Inc
EGP
| — | LOCK|p<&RB | $11B | |||
| CubeSmart
CUBE
| LOCK|Dlr#??n | LOCK|#L | $9B | |||
| CapitaLand Ascendas REIT Units
ACDSF
| — | LOCK|&S> | $9B | |||
| Rexford Industrial Realty Inc
REXR
| — | LOCK|!d | $8B | |||
| Lineage Inc REIT
LINE
| LOCK|#@<$dh | LOCK|kv@ | $8B |
United States