secwatch.observer — SEC 8-K summary
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Issuer:     AMERICOLD REALTY TRUST (COLD)
CIK:        0001455863
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001628280-24-022239
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1455863/000162828024022239/0001628280-24-022239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1455863/000162828024022239/art-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-022239

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