Americold Realty Trust, Inc.’s share was trading at $10.99 as of December 1st with a forward P/E of 119.05. The company is one of the two dominant cold storage REITs controlling nearly half of the US market, trading at a historic discount due to industry pressures and soft consumer demand.

The collapse of Americold’s valuation multiple mirrors the broader cold storage REIT space, with deep undervaluation reflecting concerns about overbuilding and supply pressure. The potential resumption of agricultural trade between the US and China could serve as a near-term tailwind for the sector.

As supply tightens and macro conditions improve, Americold is well positioned for a recovery in occupancy and pricing power. With shares trading at a significant discount to consensus NAV and an implied double-digit cap rate, COLD offers a compelling opportunity for investors looking for asymmetric upside in a cyclical recovery.

Read more at Yahoo Finance: Americold Realty Trust, Inc. (COLD): A Bull Case Theory