04:42 PM EDT, 05/09/2024 (MT Newswires) -- Americold Realty Trust ( COLD ) reported Q1 adjusted funds from operations late Thursday of $0.37 per diluted share, up from $0.29 a year earlier.

Analysts polled by Capital IQ expected $0.30.

Revenue in the quarter ended March 31 fell to $665 million from $676.5 million a year earlier.

Analysts surveyed by Capital IQ expected $679.6 million.

The company boosted 2024 AFFO per-share guidance to $1.38 to $1.46 from $1.32 to $1.42.

Analysts polled by Capital IQ expect $1.37.

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