earnings
confidence high
sentiment positive
materiality 0.70
Americold Q3 AFFO $0.35, up 11% YoY; same store NOI +10.9%; $148M automation project
AMERICOLD REALTY TRUST
2024-Q3 EPS reported
-$0.20
revenue$2,000,106,000
- AFFO per share $0.35, up 11% YoY; Core FFO $0.29 vs $0.25.
- Global Warehouse same store NOI +10.9% constant currency; services margin 14.5% (up from 3.5%).
- Total revenue $674.2M (+0.9%); net loss $3.7M ($0.01 per share).
- Announced $148M automated warehouse development in Dallas-Fort Worth; development starts guidance raised to $300-350M.
- Completed $500M public bond offering at 5.409% due 2034; AFFO per share guidance reaffirmed $1.44-$1.50.