Americold Realty Trust(US:COLD)2025-06-26 09:11Financial 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]