Temperature - Controlled Warehousing

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Americold Realty Trust(COLD) - 2018 Q4 - Earnings Call Presentation
2025-06-26 09:25
Financial Performance Highlights - Total revenue increased by 3.5% to $415.8 million for the fourth quarter of 2018[13] - Total revenue increased by 3.9% to $1.60 billion for the full year 2018[13] - Total contribution (NOI) increased 8.3% to $108.7 million for the fourth quarter of 2018[13] - Total contribution (NOI) increased 8.4% to $405.6 million for the full year 2018[13] - Core EBITDA increased 7.6% to $84.7 million for the fourth quarter of 2018[13] - Core EBITDA increased 6.8% to $306.8 million for the full year 2018[13] Global Warehouse Segment Performance - Global Warehouse segment revenue increased 2.6% to $305.5 million for the fourth quarter of 2018[13] - Global Warehouse segment revenue increased 2.7% to $1.18 billion for the full year of 2018[13] - Global Warehouse segment contribution (NOI) increased 7.0% to $100.5 million for the fourth quarter of 2018[13] - Global Warehouse segment contribution (NOI) increased 7.5% to $374.5 million for the full year of 2018[13] - Global Warehouse segment same store revenue grew 3.9% on a constant currency basis for the full year of 2018[13] - Global Warehouse segment same store contribution (NOI) improved 7.4% on a constant currency basis for the full year of 2018[13] Operational Metrics - As of December 31, 2018, the company operated 155 temperature-controlled warehouses encompassing approximately 918.7 million cubic feet[4] - For the fourth quarter of 2018, 42.8% of rent and storage revenues are derived from customers with fixed commitment storage contracts[25]
Americold Realty Trust(COLD) - 2019 Q1 - Earnings Call Presentation
2025-06-26 09:24
Financial Performance - Total revenue reached $393.1 million, a 0.5% increase year-over-year, or a 2.8% increase on a constant currency basis[14] - Global Warehouse segment revenue was $289.6 million, up 1.1% from the previous year, or 3.4% on a constant currency basis[14] - Total contribution (NOI) amounted to $98.7 million, a 1.4% increase compared to last year, or 3.0% on a constant currency basis[14] - Core FFO reached $39.9 million, or $0.26 per diluted common share, compared to $34.8 million in the same quarter last year[14] - AFFO was $44.3 million, or $0.29 per diluted common share, compared to $39.9 million in the same quarter last year[14] Acquisitions and Expansions - The company acquired Cloverleaf Cold Storage for $1.24 billion, adding 22 temperature-controlled facilities with 132 million refrigerated cubic feet[32] - Lanier Cold Storage was acquired for $82 million, adding two temperature-controlled facilities with 14 million refrigerated cubic feet[32] - PortFresh was acquired for approximately $35.9 million, including a temperature-controlled operator and 163 acres of land[14, 27] - Plans to build a new 15 million cubic foot temperature-controlled storage facility in Savannah, Georgia, with anticipated spending of $55 to $65 million[14, 27] Operational Metrics - The company operated a global network of 179 temperature-controlled warehouses encompassing over 1 billion cubic feet[5] - Global Warehouse segment same store revenue grew 0.4%, or 2.7% on a constant currency basis[14] - Fixed commitment rent and storage revenue accounted for 43.0% of total rent and storage revenues[25]
Americold Realty Trust(COLD) - 2019 Q3 - Earnings Call Presentation
2025-06-26 09:24
Financial Performance Highlights - Total revenue for Q3 2019 increased by 160% to $4662 million compared to the same quarter last year[12] - Total NOI for Q3 2019 increased by 189% to $1207 million compared to the same quarter of the prior year[12, 16] - Core EBITDA for Q3 2019 increased by 216% to $934 million, or 234% on a constant currency basis[12] - Global Warehouse segment revenue increased by 230% to $3656 million in Q3 2019[12] - Global Warehouse segment NOI increased by 211% to $1134 million in Q3 2019[12] Warehouse Operations - Global Warehouse segment same-store revenue grew by 20%, or 33% on a constant currency basis[12] - Global Warehouse segment same-store NOI improved by 10%, or 23% on a constant currency basis[12] - As of September 30, 2019, the company operated 176 temperature-controlled warehouses with over 1 billion cubic feet[4] - Fixed commitment rent and storage revenue accounted for 400% of total rent and storage revenues on a pro forma basis[27] Capital Structure and Liquidity - The company had total liquidity of approximately $15 billion as of September 30, 2019[30] - Total debt outstanding was $19 billion, with 76% in an unsecured structure[30] - Net debt to pro forma Core EBITDA was approximately 41x[30]
Americold Realty Trust(COLD) - 2021 Q2 - Earnings Call Presentation
2025-06-26 09:20
Financial Performance Highlights - Total revenue increased by 35.7% to $654.7 million in Q2 2021 compared to Q2 2020[11] - Total NOI increased by 21.0% to $155.3 million in Q2 2021 compared to Q2 2020[11] - Global Warehouse segment revenue increased by 35.3% to $503.7 million in Q2 2021 compared to Q2 2020[11] - Core EBITDA increased 17.7% to $118.3 million in Q2 2021[11] - AFFO was $71.7 million, or $0.28 per diluted common share in Q2 2021[11] Warehouse Segment Performance - Global Warehouse segment NOI increased 20.2% to $144.4 million in Q2 2021[11] - Global Warehouse segment same store revenue increased 2.1% in Q2 2021[11] - Global Warehouse segment same store NOI decreased by 0.8% in Q2 2021[11] - Total warehouse segment revenues were $989.2 million for the six months ended June 30, 2021[84] - Warehouse segment contribution was $290.9 million for the six months ended June 30, 2021[84] Acquisitions and Developments - The company completed the acquisition of KMT Brrr! in New Jersey for $71.1 million on May 5, 2021[11] - The company closed on the acquisition of ColdCo in St Louis, Missouri for $20.5 million on August 2, 2021[14] - The company entered into a purchase agreement to acquire Newark Facility Management in Newark, New Jersey for $376.5 million[14] - The company entered into a purchase agreement to acquire Lago Cold Stores in Brisbane, Australia for A$106.4 million[14]
Americold Realty Trust(COLD) - 2021 Q3 - Earnings Call Presentation
2025-06-26 09:19
Financial Performance Highlights - Total revenue increased by 425% to $7088 million in Q3 2021[15] - Total NOI increased by 151% to $1558 million in Q3 2021[15] - Core EBITDA increased by 102% to $1147 million in Q3 2021[15] - Global Warehouse segment revenue increased by 397% to $5420 million in Q3 2021[15] - Global Warehouse segment NOI increased by 135% to $1450 million in Q3 2021[15] Acquisitions and Expansions - Acquired ColdCo in St Louis Missouri for $205 million on August 2 2021[15] - Acquired Newark Facility Management in Newark New Jersey for $3765 million on September 1 2021[15] - Completed expansion project in Calgary Canada for C$132 million[15] Portfolio and Occupancy - As of September 30 2021 the company operated a global network of 248 temperature-controlled warehouses[5] - As of September 30 2021 total liquidity was approximately $08 billion and total debt outstanding was $30 billion[40] - As of September 30 2021 391% of rent and storage revenue was generated from fixed commitment storage contracts[37]
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) - 2022 Q4 - Earnings Call Presentation
2025-06-26 09:15
Financial Performance Highlights - Total revenue for Q4 2022 increased by 0.7% to $721.5 million compared to the same quarter of the prior year[13] - Total NOI for Q4 2022 increased by 16.6% to $188.2 million year-over-year[16] - Core EBITDA for Q4 2022 increased by 10.6% to $136.8 million, or 13.6% on a constant currency basis[17] - Global Warehouse segment revenue increased by 8.0% to $598.7 million in Q4 2022[14] - Global Warehouse segment NOI increased by 14.2% to $172.3 million in Q4 2022[14] - Global Warehouse segment same-store revenue increased by 8.3%, or 10.9% on a constant currency basis, in Q4 2022[14] - Global Warehouse segment same-store NOI increased by 13.1%, or 15.4% on a constant currency basis, in Q4 2022[14] Operational Metrics - As of December 31, 2022, the company operated 242 temperature-controlled warehouses encompassing approximately 1.4 billion cubic feet[4] - Total liquidity as of December 31, 2022, was approximately $681.6 million[31] - Total debt outstanding was $3.3 billion, with 93% in an unsecured structure[31] - Economic occupancy for the total warehouse segment was 83.8% for Q4 2022, a 601 bps increase compared to Q4 2021[23, 29] - Economic occupancy for the warehouse segment same store pool was 85.0% for Q4 2022, a 634 bps increase compared to Q4 2021[23, 29] Future Outlook - The company announced its 2023 annual AFFO per share guidance to be within the range of $1.14 - $1.24[33]
Americold Realty Trust(COLD) - 2023 Q3 - Earnings Call Presentation
2025-06-26 09:13
Financial Performance - Total revenue decreased by 11.9% to $667.9 million in Q3 2023[12] - Total NOI increased by 4.4% to $189.1 million in Q3 2023[12] - Core EBITDA increased by 9.2% to $144.0 million in Q3 2023[12] - AFFO was $88.2 million, or $0.32 per diluted common share in Q3 2023[12] - The company raised its full year 2023 AFFO per share guidance to a new range of $1.24 to $1.30[11] Global Warehouse Segment - Global Warehouse segment revenue increased 0.6% to $602.6 million in Q3 2023[18] - Global Warehouse segment NOI increased 6.7% to $177.8 million in Q3 2023[18] - Global Warehouse segment same store NOI increased by 4.5%, or 5.3% on a constant currency basis in Q3 2023[18] - Same store economic occupancy increased 345 basis points over prior year to 84.0% in Q3 2023[11] Capital & Debt - The company successfully raised $419 million in common equity by issuing 13.2 million shares at a weighted average price of $31.63 per share through its ATM program[11] - Total debt outstanding was $3.2 billion, of which 93% was in an unsecured structure as of September 30, 2023[32] - As of September 30, 2023, 89.0% of the company's total debt outstanding was at a fixed rate[32]
Americold Realty Trust(COLD) - 2023 Q4 - Earnings Call Presentation
2025-06-26 09:13
Financial Performance Highlights - Fourth quarter 2023 AFFO per share increased over 31% to $038 compared to the prior year's quarter[11] - Full year 2023 AFFO per share increased 14% to $127 versus the prior year[11] - Global warehouse same-store NOI increased 79% in the fourth quarter of 2023 on a constant currency basis[11] - Global warehouse same-store NOI increased 128% for the full year 2023 on a constant currency basis[11] - Full year 2023 same-store economic occupancy reached a record high of 843% for Americold[11] Key Financial Results - Total revenue for the fourth quarter of 2023 decreased 59% to $6793 million[14] - Total NOI for the fourth quarter of 2023 increased 115% to $2098 million[14] - Net loss for the fourth quarter of 2023 was $2268 million or $080 loss per diluted common share[14] - Total revenue for the full year 2023 decreased 83% to $27 billion[14] - Total NOI for the full year 2023 increased 107% to $7706 million[14] - Net loss for the full year 2023 was $3363 million or $122 loss per diluted common share[14] Strategic Developments - Americold announced an approximately $130 million greenfield development in Kansas City, Missouri, in collaboration with Canadian Pacific Kansas City[11] - Plans were announced to build a distribution center in Dubai at DP World's Port Jebel Ali Free Zone for $35 million through the RSA JV[11] - The company completed the expansion project for its site in Plainville, CT for approximately $1610 million, adding 121 million cubic feet and 31000 pallet positions[14]
Americold Realty Trust(COLD) - 2024 Q2 - Earnings Call Presentation
2025-06-26 09:11
Financial Performance Highlights - Total revenue for Q2 2024 reached $661 million, a 1.7% increase compared to $649.6 million in Q2 2023 [12] - Total Company NOI increased by 17.1% to $215.5 million in Q2 2024, up from $184.1 million in Q2 2023 [12] - Global Warehouse same store NOI increased 17.3% in Q2 2024, or 19.3% on a constant currency basis [12] - Core EBITDA for Q2 2024 was $165.5 million, a 22.9% increase from $134.7 million in Q2 2023 [12] - AFFO for Q2 2024 was $109.4 million, or $0.38 per diluted share, compared to $75.6 million, or $0.28 per diluted share, for Q2 2023 [12] Warehouse Segment Performance - Global Warehouse segment revenue for Q2 2024 was $600.4 million, a 3.3% increase from $581.2 million in Q2 2023 [29] - Global Warehouse segment contribution (NOI) was $204.5 million for Q2 2024, an 18.3% increase compared to $172.8 million for Q2 2023 [30] - Global Warehouse segment margin was 34.1% for Q2 2024, a 433 basis point increase compared to Q2 2023 [30] - As of June 30, 2024, $618 million of annualized rent and storage revenues were derived from fixed commitment storage contracts, representing 56.6% of rent and storage revenue on a pro forma basis [31] 2024 Outlook - The company projects warehouse segment same store revenue growth (constant currency) of 2.0% - 4.0% [14] - The company anticipates warehouse segment same store NOI growth (constant currency) to be 900 - 1000 bps higher than associated revenue [14]