earnings
confidence high
sentiment positive
materiality 0.75
Americold Q2: same store NOI +17.3%, AFFO $0.38, raises FY AFFO guide to $1.44-$1.50
AMERICOLD REALTY TRUST
2024-Q2 EPS reported
-$0.19
revenue$1,325,935,000
- Total revenue $661M (+1.7% YoY); net loss narrowed to $64.4M ($0.23) from $104.8M ($0.39).
- Same store NOI grew 17.3% (19.3% constant currency); services margin improved to 13.2% from 1.1%.
- Core EBITDA $165.5M (+22.9% YoY), margin 25.0% (+430 bps).
- AFFO per share $0.38 vs $0.28 YoY; raised full-year AFFO guidance to $1.44-$1.50 from $1.38-$1.46.
- Record services margins for second consecutive quarter; management cites stable workforce and pricing initiatives.