Overview

* Americold Q2 revenue of $650.7 mln beats analyst expectations

* Adjusted FFO/share falls 5.6% yr/yr to $0.36

* Co launches three new development projects in Kansas City, Allentown and Dubai

Outlook

* Company revises 2025 AFFO/share guidance to $1.39 - $1.45

* Americold expects challenging demand environment to persist in H2 2025

* Company sees warehouse segment same store revenue growth at -4.0% to 0.0%

* Americold focuses on cost control and efficiency improvements amid market challenges

Result Drivers

* LOWER OCCUPANCY - Co faced lower occupancy levels and throughput, impacting revenue

* NEW PROJECTS - Launched three development projects in Kansas City, Allentown, and Dubai

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $650.70 $639.10

Revenue mln mln (7

Analysts

)

Q2 EPS $0.01

Q2 Net $1.60

Income mln

Q2 $159.10

Adjusted mln

EBITDA

Q2 $103.60

Adjusted mln

FFO

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy"

* Wall Street's median 12-month price target for Americold Realty Trust Inc ( COLD ) is $23.00, about 29.6% above its August 6 closing price of $16.20

* The stock recently traded at 59 times the next 12-month earnings vs. a P/E of 47 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)