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Jun 30, 2020
Americold Q2 2020 Earnings Report
Americold's financial performance for Q2 2020 demonstrated resilience and growth, marked by strategic acquisitions and robust revenue.
Key Takeaways
Americold Realty Trust reported a strong second quarter in 2020, with a 10.0% increase in total revenue to $482.5 million and a 6.0% increase in total NOI to $128.3 million. The company's performance was driven by strategic acquisitions, same-store portfolio growth, and elevated retail activity, highlighting the stability of its business model despite the COVID-19 pandemic.
Total revenue increased by 10.0% to $482.5 million.
Total NOI increased by 6.0% to $128.3 million.
Global Warehouse segment revenue increased by 10.1% to $372.4 million.
Net income was $32.7 million, or $0.16 per diluted common share.
Revenue by Segment
Forward Guidance
The Company is revising its AFFO per share guidance from $1.22 - $1.30 to $1.24 - $1.30 for 2020.
Positive Outlook
- Deferred income tax benefit of $2 million - $4 million.
- Non-real estate amortization and depreciation expense of $70 million - $72 million.
- Maintenance capital expenditures of $65 million - $73 million.
- Development starts of $400 million - $500 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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