Americold Realty Trust(US:COLD) Globenewswire·2025-05-08 11:00Core Insights - Americold Realty Trust reported an Adjusted Funds From Operations (AFFO) of $0.34 per share for Q1 2025, aligning with expectations and reflecting a 9.0% decrease from Q1 2024 [4][17] - The company completed the acquisition of a warehouse in Houston, which is expected to enhance its service capabilities for a significant new retail customer [2][4] - A 5% increase in quarterly dividends was announced, demonstrating confidence in the company's cash flow generation and resilience [2][4] Financial Performance - Total revenues for Q1 2025 were $629.0 million, a decrease of 5.4% from $665.0 million in Q1 2024, primarily due to lower volumes in the warehouse segment [7][13] - The company reported a net loss of $16.5 million, or $0.06 loss per diluted share, compared to a net income of $9.8 million, or $0.03 income per diluted share in Q1 2024 [15] - Core EBITDA for Q1 2025 was $147.6 million, down 5.3% from $155.8 million in Q1 2024, with a margin increase to 23.5% from 23.4% [16][7] Operational Metrics - Global Warehouse segment revenues decreased by 3.7% to $575.4 million, driven by lower volumes and throughput pallets [35][36] - Economic occupancy for the total warehouse segment was 74.7%, down 470 basis points compared to Q1 2024, influenced by high inventory levels in the prior year [39] - The company operates 238 facilities, with 224 in the same store population for Q1 2025 [40][43] Guidance and Outlook - The company adjusted its near-term outlook in response to macroeconomic headwinds but remains confident in long-term growth [4] - The updated guidance for warehouse segment same store revenue growth is projected at 2.0% - 4.0% for 2025 [9] - Adjusted FFO per share guidance for 2025 is revised to $1.51 - $1.59 [9]