earnings
confidence high
sentiment positive
materiality 0.75
Americold Q2 AFFO $0.28; raises FY2023 AFFO guidance to $1.20-$1.30
AMERICOLD REALTY TRUST
2023-Q2 EPS reported
-$0.40
revenue$1,326,099,000
- Revenue $649.6M (-11% YoY); net loss $104.8M vs net income $4.0M prior year.
- Global Warehouse same-store NOI +13.8% constant currency; economic occupancy record 84.8% (+687 bps).
- Full-year AFFO per share guidance raised to $1.20-$1.30 (from prior range).
- Strategic collaboration with CPKC to build cold storage facilities on CPKC's rail network.
- Sold minority LATAM JV stake for $37M in proceeds.