---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-036502"
form_type: "8-K/A"
ticker: "COLD"
cik: "0001455863"
company_name: "AMERICOLD REALTY TRUST"
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:17:17.178769+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Americold reports Q3 AFFO $0.32, up 10% YoY; raises full-year guidance to $1.24-$1.30

## Summary
- Q3 2023 total revenue $667.9M (-11.9% YoY); net loss $2.1M ($0.01 loss per share) improved from $8.9M loss prior year.
- AFFO per share $0.32 (+10.3% YoY); Core EBITDA $144.0M (+9.2% YoY).
- Same-store warehouse NOI grew 4.5% (5.3% constant currency); economic occupancy hit record 84.0% (+345 bps).
- Raised full-year 2023 AFFO guidance midpoint to $1.27 (range $1.24-$1.30); up $0.02 from prior.
- Issued 13.2M shares at $31.63 for $412.9M net proceeds; acquired Safeway Freezers (~$37M); announced $85M Allentown expansion.

## SEC filing metadata
- accession: 0001628280-23-036502
- form_type: 8-K/A
- ticker: COLD
- cik: 0001455863
- company_name: AMERICOLD REALTY TRUST
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1455863/000162828023036502/0001628280-23-036502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455863/000162828023036502/art-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-036502
- JSON: https://secwatch.observer/filing/0001628280-23-036502.json
- Plain text: https://secwatch.observer/filing/0001628280-23-036502.txt

## Key facts
- Earnings Releases
  AMERICOLD REALTY TRUST reported the third quarter ended September 30, 2023 results: revenue $667.9 million, net income $2.1 million, EPS $0.01 loss per diluted share. Guidance raised.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $667.9 million
  - Net income: $2.1 million
  - EPS: $0.01 loss per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Total revenue for the third quarter of 2023 was $667.9 million, a 11.9% decrease, which was driven by decreases in our Third-party managed and Transportation segments, largely offset by growth within our Global Warehouse segment. The growth within our Global Warehouse segment was driven by our pricing initiatives, rate escalations, improvements in economic occupancy and incremental revenue from recently completed expansion and development projects, partially offset by a decline in throughput due to consumer buying habits, and the unfavorable impact of foreign currency translation. Total NOI for the third quarter of 2023 was $189.1 million, an increase of 4.4% from the same quarter of the prior year. This increase is a result of the improvement in our Global Warehouse segment as previously mentioned above, partially offset by ongoing inflationary pressure on operating costs. For the third quarter of 2023, the Company reported net loss of $2.1 million, or $0.01 loss per diluted share, co
  evidence_url: https://www.sec.gov/Archives/edgar/data/1455863/000162828023036502/0001628280-23-036502-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.