Americold Realty Trust, Inc. (COLD) vs NNN REIT, Inc. (NNN)
A side-by-side comparison of Americold Realty Trust, Inc. and NNN REIT, 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 NNN
growth of $100 · dividends reinvested · last 9yCOLD vs NNN: by the numbers
- •NNN is the larger company ($7.74B vs $3.98B market cap).
- •NNN is profitable (40.35% net margin) while COLD runs a net loss (-17.44%).
- •NNN grew revenue faster over the past five years (6.97% vs 2.51% CAGR).
- •COLD pays the higher dividend yield (6.55% vs 6.02%).
Metrics side by side
Valuation
| Metric | COLD | NNN |
|---|---|---|
| P/E ratio | N/A | 19.95 |
| Forward P/E | N/A | 19.75 |
| PEG ratio | N/A | 1.79 |
| P/S ratio | 1.52 | 8.12 |
| P/B ratio | 1.65 | 1.74 |
| EV / EBITDA | 17.10 | 14.66 |
| FCF yield | N/A | 3.15% |
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 NNN REIT, 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 | NNN |
|---|---|---|
| Gross margin | 4.02% | 38.00% |
| Operating margin | 4.51% | 62.03% |
| Net margin | -17.44% | 40.35% |
| ROE | -18.89% | 8.62% |
| ROIC | 1.64% | 6.18% |
Dividends
| Metric | COLD | NNN |
|---|---|---|
| Dividend yield | 6.55% | 6.02% |
| Payout ratio | N/A | 118.63% |
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.
NNN REIT, 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 | NNN |
|---|---|---|
| Revenue CAGR (5Y) | 2.51% | 6.97% |
| EPS CAGR (5Y) | N/A | 11.15% |
| FCF CAGR (5Y) | N/A | 8.18% |
| Total return CAGR (5Y) | -10.11% | 3.35% |
Frequently asked
- Which has grown faster, COLD or NNN?
- Over the past five years, NNN grew revenue faster — COLD at a 2.51% CAGR versus NNN at 6.97%.
- Does COLD or NNN pay a bigger dividend?
- COLD yields 6.55% and NNN yields 6.02% based on trailing dividends and the latest price.
- Is COLD or NNN more profitable?
- NNN runs the higher net margin — COLD at -17.44% versus NNN at 40.35%.
- How have COLD and NNN total returns compared?
- Over the past 5 years, COLD delivered -10.11% and NNN delivered 3.35% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Americold Realty Trust & NNN REIT 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.