•
Dec 31, 2022

Americold Q4 2022 Earnings Report

Americold's Q4 2022 performance reflected a slight revenue increase and significant NOI growth, driven by the warehouse segment and strategic business exits.

Key Takeaways

Americold Realty Trust reported a 0.7% increase in total revenue to $721.5 million for Q4 2022. Total NOI increased by 16.6% to $188.2 million, and Core EBITDA rose by 10.6% to $136.8 million. The company reported a net income of $3.0 million, or $0.01 per diluted share.

Total revenue increased by 0.7% to $721.5 million.

Total NOI increased by 16.6% to $188.2 million.

Core EBITDA increased by 10.6% to $136.8 million.

Net income was reported at $3.0 million, or $0.01 per diluted share.

Total Revenue
$722M
Previous year: $716M
+0.7%
EPS
$0.26
Previous year: $0.26
+0.0%
Total Warehouses
237
Previous year: 241
-1.7%
Average Physical Occupancy
78.1%
Previous year: 71.4%
+9.4%
Average Economic Occupancy
83.8%
Previous year: 77.8%
+7.7%
Gross Profit
$188M
Previous year: $161M
+16.6%
Cash and Equivalents
$53.1M
Previous year: $83M
-36.0%
Free Cash Flow
$62.9M
Previous year: -$16.2M
-487.5%
Total Assets
$8.1B
Previous year: $8.22B
-1.4%

Americold

Americold

Americold Revenue by Segment

Forward Guidance

The Company announced its 2023 annual AFFO per share guidance to be within the range of $1.14 - $1.24.

Revenue & Expenses

Visualization of income flow from segment revenue to net income