Americold Realty Trust, Inc. (COLD) vs First Industrial Realty Trust, Inc. (FR)
A side-by-side comparison of Americold Realty Trust, Inc. and First Industrial Realty Trust, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.
Total return — COLD vs FR
growth of $100 · dividends reinvested · last 9yCOLD vs FR: by the numbers
- •FR is the larger company ($7.90B vs $3.96B market cap).
- •FR is profitable (47.96% net margin) while COLD runs a net loss (-17.44%).
- •FR grew revenue faster over the past five years (10.47% vs 2.51% CAGR).
- •COLD pays the higher dividend yield (6.55% vs 3.21%).
Metrics side by side
Valuation
| Metric | COLD | FR |
|---|---|---|
| P/E ratio | N/A | 21.76 |
| Forward P/E | N/A | 23.42 |
| PEG ratio | N/A | 5.31 |
| P/S ratio | 1.52 | 10.40 |
| P/B ratio | 1.64 | 2.85 |
| EV / EBITDA | 17.07 | 20.46 |
| FCF yield | N/A | 5.19% |
For REITs like Americold Realty Trust, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like First Industrial Realty Trust, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | COLD | FR |
|---|---|---|
| Gross margin | 4.02% | 22.60% |
| Operating margin | 4.51% | 41.59% |
| Net margin | -17.44% | 47.96% |
| ROE | -18.89% | 13.12% |
| ROIC | 1.64% | 5.63% |
Dividends
| Metric | COLD | FR |
|---|---|---|
| Dividend yield | 6.55% | 3.21% |
| Payout ratio | N/A | 68.98% |
Americold Realty Trust, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
First Industrial Realty Trust, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | COLD | FR |
|---|---|---|
| Revenue CAGR (5Y) | 2.51% | 10.47% |
| EPS CAGR (5Y) | N/A | 4.10% |
| Total return CAGR (5Y) | -10.11% | 5.00% |
Frequently asked
- Which has grown faster, COLD or FR?
- Over the past five years, FR grew revenue faster — COLD at a 2.51% CAGR versus FR at 10.47%.
- Does COLD or FR pay a bigger dividend?
- COLD yields 6.55% and FR yields 3.21% based on trailing dividends and the latest price.
- Is COLD or FR more profitable?
- FR runs the higher net margin — COLD at -17.44% versus FR at 47.96%.
- How have COLD and FR total returns compared?
- Over the past 5 years, COLD delivered -10.11% and FR delivered 5.00% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Americold Realty Trust & First Industrial Realty Trust appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.