HIGHOutside partyCustomer
52%
top-25 Warehouse customers
“10-K Item 1: 'our 25 largest customers in our Warehouse segment represent 52%...of our total Warehouse segment revenues for the years ended December 31, 2025'”
COLD · Concentration risk · 10-K extracted
Americold Realty Trust (COLD) concentration risks
Updated
The most significant concentration Americold Realty Trust discloses is top-25 Warehouse customers at 52%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Americold Realty Trust’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inProperty_type
temperature-controlled warehouses
“10-K Item 1A: 'Our investments in real estate assets are concentrated in the industrial real estate industry, specifically in temperature-controlled warehouses'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The real estate investment trust's concentration profile combines a high-share customer dependency within its Warehouse segment and a high-share structural tilt toward a single property type — both consistent with the deliberate strategic focus of a temperature-controlled logistics platform. The most measurable exposure is customer-side: the 25 largest customers in the Warehouse segment represent 52% of total Warehouse segment revenues for the year ended December 31, 2025 — a high-share dependency. This means that a relatively small group of relationships drives the majority of the operating segment that forms the core of the business. Customer losses, contract renegotiations, or insourcing decisions by major food and beverage companies would have a visible impact on occupancy and fee revenue. The property-type concentration reinforces the structural nature of the platform: investments in real estate assets are concentrated in the industrial real estate sector, specifically in temperature-controlled warehouses, a high-share structural exposure by disclosed size. This is a deliberate strategy — not an inadvertent accumulation — but it means that any secular shift in cold-chain logistics demand, alternative refrigeration technology adoption, or structural changes in food distribution patterns would affect the full portfolio simultaneously rather than being absorbed by a more diversified asset base. The two exposures are complementary: a specialized facility type purpose-built for a concentrated customer base. The investment thesis is accordingly built on the durability of cold-storage demand from that customer set, making both dimensions worth monitoring in tandem.
For the engine’s reasoning on COLD’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Industrial
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| COLD● | Americold Realty Trust, Inc. | 2 | 0 | 0 | 2 |
| FR | First Industrial Realty Trust, | 1 | 1 | 1 | 3 |
| LINE | Lineage, Inc. | 1 | 1 | 1 | 3 |
| EGP | EastGroup Properties, Inc. | 0 | 1 | 2 | 3 |
| CUBE | CubeSmart | 0 | 0 | 4 | 4 |
| EXR | Extra Space Storage Inc | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.