Fitch affirms Americold Realty Trust’s ‘BBB’ rating citing strong market position

Fitch Ratings has affirmed NYSE-listed REIT Americold Realty Trust and its operating partnership’s Long-Term Issuer Default Ratings (IDR) at ‘BBB’ with a stable outlook.

Americold Realty Trust, an Atlanta-based REIT, specializes in temperature-controlled warehouses critical for food producers and retailers.

With 235 facilities spanning 1.4 billion cubic feet of storage, 86% of its portfolio is concentrated in North America, complemented by assets in Europe, Asia-Pacific, and South America.