Americold Q1 2021 Earnings Report
Key Takeaways
Americold Realty Trust reported a 31.1% increase in total revenue to $634.8 million for Q1 2021. Despite revenue growth, the company experienced a net loss of $14.2 million, or $0.06 per diluted share. The company reaffirmed its annual AFFO per share guidance of $1.36 - $1.46.
Total revenue increased by 31.1% to $634.8 million.
Global Warehouse segment revenue increased 27.4% to $485.5 million.
Net loss of $14.2 million, or $0.06 loss per diluted common share.
Completed the acquisition of Liberty Freezers for C$58 million, adding four facilities and 42,000 pallet positions.
Americold
Americold
Americold Revenue by Segment
Forward Guidance
The Company reaffirmed its annual AFFO per share guidance of $1.36 - $1.46, and updated certain components. The Company’s guidance is provided for informational purposes based on current plans and assumptions and is subject to change.
Revenue & Expenses
Visualization of income flow from segment revenue to net income