AMERICOLD REALTY TRUST
For the period ended May 22, 2024. Filed Apr 12, 2024.
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May 22, 2024 · Filed Apr 12, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
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To Our Fellow Stockholders,
As I reflect on the past year, I am pleased to report that Americold Realty Trust has continued to lead the cold storage industry with a commitment to operational excellence. Our relentless drive to further enhance our best-in-class customer service has led to company records for economic occupancy and fixed commitment storage contracts in 2023, underscoring the high demand for our properties. The continuous optimization of our workforce has increased our permanent associate level to the highest in our history, driving productivity that will increase warehouse services margins and drive organic profit growth. We also established a solid foundation for external growth with the announcement of two strategic partnerships. The first is with DPWorld, the third largest global port operator in the world, with whom we announced our first development project in their home port of Dubai. The second is with North American rail operator Canadian Pacific Kansas City (CPKC), who owns the only contiguous rail line connecting Canada, the United States, and Mexico, and we’ve announced our first development project with CPKC in Kansas City. These partnerships combined with expanding our existing network in support of customer needs gives Americold a significant pipeline of high-quality development opportunities fueling growth for years to come. We remain steadfast in our mission to deliver value to our shareholders, customers, and our communities and we are proud of the accomplishments below that reflect that commitment.
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