Americold Realty Trust Inc

Latest Results (29.09.2025):

Americold Realty Trust Inc. reported its financial and operating results for the fourth quarter and full year of 2024, showcasing significant growth and strategic expansions. The company achieved double-digit growth in Adjusted Funds From Operations (FFO) per share for the full year and made substantial investments in new facilities and expansions, reinforcing its position as a global leader in temperature-controlled logistics.

Double-Digit Adjusted FFO Growth

For the full year 2024, Americold Realty Trust Inc. achieved a 15.9% increase in Adjusted FFO per diluted common share, reaching $1.47. This robust growth highlights the company's strong operational performance and effective capital deployment strategies.

Incremental Warehouse Services NOI

The company delivered an impressive $125 million of incremental Same Store Warehouse Services Net Operating Income (NOI) for the full year 2024, surpassing its $100 million target. This achievement underscores Americold's enhanced efficiency and profitability in its warehouse operations.

New Facility Development

Americold announced a $79 million state-of-the-art facility development in Port Saint John, Canada, in collaboration with strategic partners DP World and CPKC. This initiative is part of the company's ongoing efforts to expand its global footprint and enhance its service capabilities.

Customer-Driven Expansion in Christchurch, NZ

The company also revealed a $34 million expansion project in Christchurch, New Zealand, dedicated to one of the country’s largest grocers. This customer-focused expansion is expected to drive long-term value and meet growing demand in the region.

Fourth Quarter 2024 Performance

In Q4 2024, Americold reported total revenues of $666.4 million, a slight decrease of 1.9% compared to Q4 2023. Despite the revenue dip, the Global Warehouse segment saw a 5.9% increase in same store NOI on a constant currency basis. Adjusted FFO for the quarter was $105.9 million, or $0.37 per diluted share, reflecting a marginal decline from the previous year.

Strategic Capital Deployment

Throughout 2024, Americold strategically deployed capital across various projects, including new developments in Kansas City, Dallas Fort Worth, and Sydney, Australia. These low-risk expansions are designed to foster sustainable growth and enhance shareholder value.

Outlook for 2025

Looking ahead to 2025, Americold plans to continue targeted investments to drive future growth and maintain resilience in diverse macroeconomic conditions. The company remains optimistic about capitalizing on innovative partnerships and the eventual return of consumer demand.