Americold Q1 net loss narrows to $2.6M; core EBITDA up 20%; same-store NOI jumps 24.6%

AMERICOLD REALTY TRUST

2023-Q1 EPS reported -$0.01 revenue$676,489,000

Total revenue fell 4.1% to $676.5M, driven by declines in Third-party managed and Transportation segments.
Net loss improved to $2.6M ($0.01/sh) from a loss of $17.4M ($0.06/sh) in the prior-year quarter.
Core EBITDA increased 20.0% to $133.1M (22.0% constant currency); AFFO rose to $79.9M ($0.29/sh) from $68.9M.
Global Warehouse segment revenue grew 10.0% to $595.1M; same-store NOI increased 24.6% (26.1% constant currency).
Completed $164M Lancaster development project; acquired 49% interest in RSA JV in Dubai for $4.0M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMERICOLD REALTY TRUST reported first quarter ended March 31, 2023 results: revenue $676.5 million, net income Net loss of $2.6 million, EPS $0.01 per diluted common share.

Period: first quarter ended March 31, 2023
Revenue: $676.5 million
Net income: Net loss of $2.6 million
EPS: $0.01 per diluted common share
Result: reported results

Exact text from the filing

Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), a global leader in temperature-controlled logistics real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced financial and operating results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights • Total revenue decreased 4.1% to $676.5 million. • Total NOI increased 18.5% to $187.6 million. • Net loss of $2.6 million, or $0.01 per diluted common share.

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Source: SEC EDGAR

accession 0001628280-23-015694

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