Fixed commitment storage contracts

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Americold Realty Trust(COLD) - 2022 Q2 - Earnings Call Presentation
2025-06-26 09:18
Financial Performance Highlights - Total revenue increased by 11.5% to $729.8 million in the second quarter of 2022[13] - Total NOI increased by 8.3% to $168.3 million in the second quarter of 2022[13] - Core EBITDA increased by 1.6% to $120.2 million in the second quarter of 2022, or 3.5% on a constant currency basis[13] - Global Warehouse segment revenue increased by 12.0% to $564.4 million in the second quarter of 2022[13] - Global Warehouse segment NOI increased by 4.6% to $151.0 million in the second quarter of 2022[13] - Global Warehouse segment same store revenue increased 5.9%, or 8.1% on a constant currency basis, in the second quarter of 2022[13] - Global Warehouse segment same store NOI increased by 1.6%, or 3.1% on a constant currency basis, in the second quarter of 2022[13] Portfolio and Capital Activities - As of June 30, 2022, the company had total liquidity of approximately $596.9 million[33] - Total debt outstanding was $3.2 billion, with 83% in an unsecured structure[33] - On June 2, the company executed a joint venture agreement contributing its Chilean operations (valued at $37 million) in exchange for a 15% ownership stake in the LATAM JV, recognizing a $4.1 million loss[13] Outlook - The company maintained its 2022 annual AFFO per share guidance to within the range of $1.00 - $1.10[35]
Americold Realty Trust(COLD) - 2023 Q2 - Earnings Call Presentation
2025-06-26 09:14
Financial Performance Highlights - Total revenue decreased by 11% to $649.6 million[11] - Total NOI increased by 9.4% to $184.1 million[11] - Core EBITDA increased by 12.1% to $134.7 million, or 13.5% on a constant currency basis[11] - AFFO was $75.6 million, or $0.28 per diluted share[11] - The company is increasing its full year 2023 AFFO per share guidance to the range of $1.20 to $1.30[10, 32] Global Warehouse Segment Performance - Global Warehouse segment revenue increased by 3% to $581.2 million[11] - Global Warehouse segment NOI increased by 14.5% to $172.8 million[11] - Global Warehouse segment same store revenue increased by 2.8%, or 3.9% on a constant currency basis[11] - Global Warehouse segment same store NOI increased by 12.7%, or 13.8% on a constant currency basis[11] - Same store economic occupancy increased by 687 basis points over prior year to 84.8%[10] - 48.5% of rent and storage revenue was derived from fixed commitment storage contracts[10] Portfolio and Capitalization - The company operated a global network of 242 temperature-controlled warehouses encompassing approximately 1.5 billion cubic feet as of June 30, 2023[3, 36] - Total debt outstanding was $3.6 billion, of which 93% was in an unsecured structure[30] - As of June 30, 2023, the Company had total liquidity of approximately $454.6 million[30] - 80% of the company's total debt outstanding was at a fixed rate[30]
Americold Realty Trust(COLD) - 2024 Q3 - Earnings Call Presentation
2025-06-26 09:10
Financial Performance Highlights - Total revenue for Q3 2024 increased by 0.9% to $674.2 million from $667.9 million in Q3 2023 [13] - Total Company NOI increased by 10.6% to $209.2 million in Q3 2024 from $189.1 million in Q3 2023 [13] - Core FFO reached $83.9 million or $0.29 per diluted share, a 17.7% increase from Q3 2023 [13] - AFFO was $100.1 million or $0.35 per diluted share, up 10.9% from Q3 2023 [13] - Core EBITDA increased by 9.1% to $157.2 million in Q3 2024 from $144.0 million in Q3 2023 [13] Warehouse Segment Performance - Global Warehouse segment revenue increased by 1.6% to $612.2 million in Q3 2024 from $602.6 million in Q3 2023 [30] - Global Warehouse contribution (NOI) increased by 11.7% to $198.6 million in Q3 2024 from $177.8 million in Q3 2023 [31] - Global Warehouse same store NOI increased 9.5% compared to Q3 2023 [13] - Global Warehouse same store services margin increased to 14.5% from 3.5% in Q3 2023 [13] Occupancy and Fixed Commitments - Economic occupancy for the total warehouse segment was 76.7% in Q3 2024 [33] - Fixed commitment rent and storage revenues reached $623.8 million annualized as of September 30, 2024, representing 58.1% of rent and storage revenue [32] Capital Deployment and Liquidity - Completed a public debt offering of $500 million with a 5.409% interest rate, maturing on September 12, 2034 [13] - The company had total liquidity of approximately $921.9 million as of September 30, 2024 [35] - The company announced a new $148 million automation development in Dallas-Fort Worth [13]