Americold Realty Trust Inc. (COLD) vs First Industrial Realty Trust, Inc. (FR)

Americold Realty Trust Inc. and First Industrial Realty Trust, Inc. are both Reit Industrial companies. First Industrial Realty Trust, Inc. is the larger, with a market value of $8.4B against $4.1B — 2.1× the size. Americold Realty Trust Inc. has negative trailing earnings, so its P/E is not meaningful; First Industrial Realty Trust, Inc. trades at 22.3×. First Industrial Realty Trust, Inc. grew revenue faster over the last twelve months: 8.44% against −0.21%. First Industrial Realty Trust, Inc. has the higher net margin (47.9% vs −17.4%) and the higher return on invested capital (3.71% vs −6.75%). Both pay a dividend; Americold Realty Trust Inc. yields more (3.14% vs 2.57%). Across the 21 metrics below, First Industrial Realty Trust, Inc. leads on 15 and Americold Realty Trust Inc. on 6.

Valuation

Metric COLD FR Reit Industrial median
P/E n/m 22.32 28.30
P/S 1.62 10.68 8.16
P/B 1.73 2.83 1.89
Price to free cash flow n/m 78.34 21.44
EV/EBITDA 61.97 20.09 17.97
EV/Sales 1.83 13.91 11.71
Earnings yield (10.79%) 4.48% 3.38%
Free cash flow yield (4.08%) 1.28% 2.71%

Profitability

Metric COLD FR Reit Industrial median
Gross margin 31.74% 73.76% 73.76%
Operating margin (12.47%) 41.59% 39.85%
Net margin (17.44%) 47.94% 28.04%
Free cash flow margin (6.59%) 13.63% 13.63%
Return on equity (16.30%) 13.00% 6.83%
Return on assets (5.74%) 6.48% 3.45%
Return on invested capital (6.75%) 3.71% 2.92%

Growth

Metric COLD FR Reit Industrial median
Revenue growth (TTM) (0.21%) 8.44% 3.86%
EPS growth (last fiscal year) (21.21%) (13.82%) —
Revenue growth, 5-year CAGR 5.53% 10.17% 13.33%
Net income growth, 5-year CAGR 0.00% 4.76% 9.91%

Health

Metric COLD FR Reit Industrial median
Debt to equity 0.25 0.89 0.84
Current ratio 0.10 1.44 0.78
Net debt to EBITDA 0.78 4.87 4.76

Dividend

Metric COLD FR Reit Industrial median
Dividend yield 3.14% 2.57% 3.14%
Payout ratio — 0.51 1.14

Size

Metric COLD FR Reit Industrial median
Market cap 4.10b 8.41b 8.24b

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