Americold Realty Trust(US:COLD)2025-06-26 09:13Financial 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]