Americold Q2 2021 Earnings Report
Key Takeaways
Americold Realty Trust announced strong growth in Q2 2021, with total revenue increasing by 35.7% to $654.7 million and total NOI increasing by 21.0% to $155.3 million. The Global Warehouse segment revenue was up 35% and NOI up 20%. However, the company reported a net loss of $13.4 million, or $0.05 loss per diluted common share, and anticipates softer 2021 results due to ongoing COVID-related supply chain disruptions.
Total revenue increased 35.7% to $654.7 million.
Total NOI increased 21.0% to $155.3 million.
Global Warehouse segment revenue increased 35.3% to $503.7 million.
Net loss of $13.4 million, or $0.05 loss per diluted common share.
Americold
Americold
Americold Revenue by Segment
Forward Guidance
The Company revised its annual AFFO per share guidance to $1.34- $1.40, and updated certain components. The Company’s guidance is provided for informational purposes based on current plans and assumptions and is subject to change. The ranges for these metrics do not include the impact of acquisitions, dispositions, or capital markets activity beyond that which has been previously announced.
Revenue & Expenses
Visualization of income flow from segment revenue to net income