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Jun 30
Americold Q2 2025 Earnings Report
Americold Realty Trust announced its financial and operating results for the second quarter ended June 30, 2025.
Key Takeaways
Americold Realty Trust reported total revenues of $650.7 million for Q2 2025, a 1.5% decrease from the prior year. Net income was $1.6 million, or $0.01 per diluted share, a significant improvement from a net loss in Q2 2024. Despite challenging demand and lower occupancy, the company made progress on operational priorities and launched new development projects.
Total revenues for Q2 2025 were $650.7 million, a 1.5% decrease compared to Q2 2024.
Net income for Q2 2025 was $1.6 million ($0.01 per diluted share), a substantial improvement from a net loss of $64.4 million ($0.23 per diluted share) in Q2 2024.
Adjusted FFO was $103.6 million, or $0.36 per diluted share, a 5.6% decrease from Q2 2024.
The company launched three new development projects in Kansas City, Allentown, and Dubai, which are expected to contribute financially in the future.
Americold
Americold
Americold Revenue by Segment
Revenue by Segment
Warehouse Revenue
CapyFin.comTransportation Revenue
CapyFin.comThird-Party Managed Revenue
CapyFin.com Forward Guidance
Americold is adjusting its full-year 2025 Adjusted FFO per share guidance to $1.39 - $1.45, down from the previous range of $1.42 - $1.52, due to an expected continuation of challenging demand environment and lower occupancy levels.
Positive Outlook
- The company continues to focus on controlling costs and improving efficiencies.
- Efforts are underway to capture new business opportunities.
- Cold storage remains a mission-critical asset, positioning the company for long-term growth.
- The breadth and magnitude of the company's network, combined with operational excellence, are expected to maximize growth as industry volumes improve.
- Development starts are projected to be between $200 million and $300 million.
Challenges Ahead
- The challenging demand environment is expected to continue into the second half of the year.
- Occupancy and throughput levels are anticipated to remain below typical seasonality trends.
- Adjusted FFO per share guidance has been lowered to $1.39 - $1.45.
- Warehouse segment same store revenue growth (constant currency) is projected to be between -4.0% and 0.0%.
- Warehouse segment same store NOI growth (constant currency) is expected to be 50 to 100 bps lower than associated revenues.