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Mar 31, 2023
Americold Q1 2023 Earnings Report
Americold's financial performance decreased slightly due to declines in the Third-party managed and Transportation segments, while the Global Warehouse segment experienced growth.
Key Takeaways
Americold Realty Trust reported a decrease in total revenue by 4.1% to $676.5 million. Net loss was $2.6 million, or $0.01 per diluted common share. However, total NOI increased by 18.5% to $187.6 million, and Core EBITDA increased by 20.0% to $133.1 million.
Total revenue decreased 4.1% to $676.5 million.
Total NOI increased 18.5% to $187.6 million.
Net loss of $2.6 million, or $0.01 per diluted common share.
Global Warehouse segment revenue increased 10.0% to $595.1 million.
Americold
Americold
Americold Revenue by Segment
Forward Guidance
The Company is increasing its annual AFFO per share guidance to be within the range of $1.16 - $1.26.
Revenue & Expenses
Visualization of income flow from segment revenue to net income