This Once Red-Hot REIT Remains Ice Cold

Americold Realty Trust (NYSE: COLD) burst on the scene in 2018. The cold storage-focused real estate investment trust's (REIT) stock price nearly doubled in value during its first two years as a public company. However, it has cooled off considerably since then, falling almost 40% from its peak.

Unfortunately, a turnaround doesn't appear imminent. That's apparent from the industrial REIT's recent first-quarter results.

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Source Fool.com