Americold Q1 AFFO $0.37 beats prior year; raises FY AFFO guidance to $1.38-$1.46

AMERICOLD REALTY TRUST

2024-Q1 EPS reported $0.03 revenue$664,980,000

Q1 total NOI +12.4% to $210.8M; same-store NOI +10.1% cc; services margin record 10.7% cc.
Net income $9.8M ($0.03/dil.) vs net loss $2.6M Q1 2023; Core FFO $0.27/dil., AFFO $0.37/dil.
FY 2024 AFFO/sh guidance raised to $1.38-$1.46 (prior $1.32-$1.42); same-store NOI growth now 700-750 bps above revenue.
Broke ground on CPKC intermodal terminal in Kansas City; entered Phase 3 Dubai expansion with RSA Global.
Announced $36M expansion in Sydney, Australia, anchored by a major grocer (2.8M cu ft, 13K pallets).

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, 2024 results: revenue $665.0 million, net income $9.8 million, or $0.03 per diluted common share. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $665.0 million
Net income: $9.8 million, or $0.03 per diluted common share
Guidance: raised
Result: reported results

Exact text from the filing

Australia, anchored by one of the country’s largest grocers, for a total investment of approximately $36 million US dollars.” First Quarter 2024 Highlights • Total revenue of $665.0 million, a 1.7% change from $676.5 million in Q1 2023.. • Total NOI increased 12.4% to $210.8 million from $187.6 million in Q1 2023. • Net income of $9.8 million, or $0.03 per diluted

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Source: SEC EDGAR

accession 0001628280-24-022239

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