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Jun 30, 2023
Americold Q2 2023 Earnings Report
Americold delivered strong operational results and raised annual guidance due to three consecutive quarters of record economic occupancy, shifting focus to growth.
Key Takeaways
Americold Realty Trust reported a decrease in total revenue by 11.0% to $649.6 million, but an increase in total NOI by 9.4% to $184.1 million for Q2 2023. The company experienced a net loss of $104.8 million, or $0.39 loss per diluted common share. However, driven by strong performance in the global warehouse same store pool, Americold increased its full year 2023 AFFO per share guidance to the range of $1.20 to $1.30.
Total revenue decreased 11.0% to $649.6 million.
Total NOI increased 9.4% to $184.1 million.
Global Warehouse segment same store economic occupancy increased by 687 basis points over prior year to 84.8%.
AFFO of $75.6 million, or $0.28 per diluted common share.
Revenue by Segment
Forward Guidance
The Company is increasing its annual AFFO per share guidance to be within the range of $1.20 - $1.30.
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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