REIT Stocks Drop 40% in a Year, Today Surges Over 5%

Americold Realty Trust Inc. (NYSE: COLD) closed at $12.04 on the New York Stock Exchange on March 17, up 5.71%, on trading volume of roughly 2.74 million shares. This pushed its market capitalization to about $3.43 billion (approximately ₩4.5 trillion), a one-day increase of around $210 million (₩300 billion).

In its February 19 release of fourth-quarter and full-year 2025 results, the company reported adjusted funds from operations (FFO) per share of $0.38, a 3% year-over-year increase, and identified profitability enhancement and growth investments as its top priorities for 2026. In March, hedge fund Rush Island Management disclosed a new stake of about 2.92 million shares valued at $37.66 million (₩50 billion), highlighting institutional interest in buying the REIT after its share price had fallen nearly 40% over the past year.

Americold is a specialized real estate investment trust that owns and operates refrigerated and frozen logistics warehouses, storing temperature-sensitive inventory—primarily food—and providing end-to-end logistics services. While the industry has faced overcapacity, market-share declines, and the headwinds of inflation and higher interest rates, which have weighed on revenue growth and profitability, many analysts believe the stock remains unduly depressed given the structural growth in cold-storage demand and the underlying value of its assets.