---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-022239"
form_type: "8-K"
ticker: "COLD"
cik: "0001455863"
company_name: "AMERICOLD REALTY TRUST"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:26:27.031156+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001628280-24-022239
- form_type: 8-K
- ticker: COLD
- cik: 0001455863
- company_name: AMERICOLD REALTY TRUST
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1455863/000162828024022239/0001628280-24-022239-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455863/000162828024022239/art-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-022239
- JSON: https://secwatch.observer/filing/0001628280-24-022239.json
- Plain text: https://secwatch.observer/filing/0001628280-24-022239.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1455863/000162828024022239/0001628280-24-022239-index.htm

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