From Investing.com: 2024-07-30 15:24:00

Last Thursday, Nasdaq welcomed Lineage Inc, the world’s largest cold storage warehouse REIT, trading under the ticker symbol “LINE.” Lineage Inc’s IPO in 2024 started at $78 per share and generated $4.4 billion in sales of 57 million shares, reaching the high-end of the estimated $70-$82 price target. LINE stock rose 8.4% to $87.12 per share at press time. Lineage runs an integrated solutions business model across 19 countries, with nearly 500 warehouses, essential for the global food supply chain.

Americold Realty Trust, the second largest cold storage REIT, operates 241 cold storage warehouses with 120 years of experience in logistics real estate. In Q1 2024, Americold reported $665 million in revenue, beating EPS estimates for the last four quarters. The company offers a 2.99% dividend yield, giving an annual payout of $0.88 per share. Prologis Inc focuses on high-growth markets, owning 5,576 real estate sites near major urban centers. In Q2 earnings, Prologis reported a 96.3% average occupancy rate and revenue from 279 million in acquisitions.



Read more at Investing.com: 2 Cold Storage REITs to Buy as Industry Heats up