Americold Realty Trust ( (COLD) ) has released its Q1 earnings. Here is a breakdown of the information Americold Realty Trust presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Americold Realty Trust, Inc. is a global leader in temperature-controlled logistics, real estate, and value-added services, specializing in the ownership, operation, acquisition, and development of temperature-controlled warehouses. The company plays a crucial role in the supply chain, connecting food producers, processors, distributors, and retailers to consumers across various regions, including North America, Europe, Asia-Pacific, and South America.
In its first quarter of 2025, Americold Realty Trust reported an AFFO of $0.34 per share, aligning with expectations. The company completed the acquisition of a warehouse in Houston, which facilitated a significant contract with a major retailer, enhancing its position in the retail segment. Additionally, Americold increased its quarterly dividend by 5%, reflecting confidence in its financial stability and future growth.
Key financial highlights for the quarter include total revenues of $629.0 million, marking a 5.4% decrease from the previous year, primarily due to reduced volumes in the warehouse segment. The company reported a net loss of $16.5 million, or $0.06 per diluted share, compared to a net income in the same quarter last year. Despite these challenges, the Global Warehouse segment’s same-store services margin improved to 11.3% from 10.1% in the previous year.
Americold’s strategic focus on enhancing operational efficiency and workforce stability has contributed to a resilient foundation, allowing the company to navigate current economic challenges effectively. The acquisition in Houston is expected to optimize inventory allocation and strengthen its retail market presence. Looking ahead, the company remains optimistic about the fundamentals of the cold storage industry and its long-term growth trajectory, despite adjusting its near-term outlook in response to macroeconomic headwinds.