earnings
confidence high
sentiment neutral
materiality 0.75
Americold Q4 AFFO $0.38 (+31% YoY); net loss $226.8M; announces CPKC & DP World developments
AMERICOLD REALTY TRUST
2023-FY EPS reported
-$1.22
revenue$2,673,329,000
- Q4 AFFO $0.38/diluted share, +31% YoY; FY23 AFFO $1.27, +14% YoY.
- Net loss of $226.8M in Q4 ($0.80 loss per share); FY23 net loss $336.3M.
- Global Warehouse same-store NOI grew 7.9% in Q4 (constant currency), 12.8% for FY23.
- Record same-store economic occupancy of 84.3% for FY23; fixed commitments at 52.2% of revenue.
- Announced $130M Kansas City development with CPKC and $35M Dubai facility with DP World.