Scotiabank analyst Greg McGinniss increased the firm's price target on Americold Realty Trust, Inc. to $14 from $12 on January 9. The firm maintained a Sector Perform rating on the stock. In a research note, McGinniss stated that investors should "brace for another tough year," citing challenges related to pricing and occupancy dynamics within the US Cold Storage segment.
On January 8, UBS also raised its price target on Americold Realty Trust, Inc. to $13 from $12, while keeping a Neutral rating on the shares. UBS indicated that 2026 could represent a key turning point for REITs overall. The firm forecasted total returns of 9% to 11%, supported by what it described as a more favorable macro setup, attractive valuations, easing supply pressures, and a steadier political backdrop.
UBS expects the year to unfold in two distinct phases, with a more defensive tone in the first half of 2026 and stronger catalysts emerging later in the year. The firm said the setup particularly favors Healthcare, Shopping Centers, and Coastal Apartments.
Americold Realty Trust, Inc. is one of only two publicly traded REITs focused specifically on cold-storage properties. The company has built its business around temperature-controlled warehousing and expanded rapidly through acquisitions. This strategy has helped it assemble what is described as the world's second-largest portfolio of cold-storage warehouses.
As of late 2025, the company owned and operated more than 230 temperature-controlled warehouses globally, representing approximately 1.5 billion cubic feet of storage capacity. Americold generates revenue by leasing space to food manufacturers, distributors, and retailers. It also earns fees through managing third-party facilities and providing transportation-related services.
With an established broad network, Americold has various options for continued expansion, whether through acquiring additional facilities or developing new warehouses to serve large food and retail customers.