Americold Q4 2021 Earnings Report
Key Takeaways
Americold Realty Trust reported a 36.8% increase in total revenue to $716.5 million for Q4 2021. However, the company experienced a net loss of $8.0 million, or $0.03 per diluted common share. The growth in revenue was primarily driven by acquisitions, expansion projects, and contractual rate escalations, but was partially offset by the impacts of COVID-19 and supply chain disruptions.
Total revenue increased by 36.8% to $716.5 million.
Global Warehouse segment revenue increased by 35.9% to $554.2 million.
Net loss was reported at $8.0 million, or $0.03 loss per diluted common share.
The company closed on the acquisition of Lago Cold Stores in Brisbane, Australia for A$106.4 million.
Americold
Americold
Americold Revenue by Segment
Forward Guidance
The Company announced its 2022 annual AFFO per share guidance to within the range of $1.00 - $1.10.
Revenue & Expenses
Visualization of income flow from segment revenue to net income