What Went Wrong at This Warehouse REIT
We all need to eat, and warehouse real estate investment trust (REIT) Americold Realty Trust (NYSE: COLD) helps food companies make that possible. It is, at its core, a necessary business. But during the pandemic, while other warehouse REITs were thriving, Americold struggled. Here's why things are likely to remain problematic for a little longer.
Prologis (NYSE: PLD) is one of the largest owners of warehouse space on the planet. It has locations in key transportation hubs around the world, helping smooth the flow of merchandise from where it is made to where it is bought, sold, and used. This REIT's stock is up nearly 80% since the start of 2020. Americold's stock is down about 20% over that same span.
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Source Fool.com
