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Americold Realty Trust's Q2 Adjusted FFO, Revenue Rise; 2024 AFFO Guidance Lifted
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Americold Realty Trust's Q2 Adjusted FFO, Revenue Rise; 2024 AFFO Guidance Lifted
Aug 8, 2024 5:37 AM

08:00 AM EDT, 08/08/2024 (MT Newswires) -- Americold Realty Trust ( COLD ) reported Q2 adjusted funds from operations Thursday of $0.38 per share, up from $0.28 a year earlier.

Analysts polled by Capital IQ expected $0.33.

Total revenue for the quarter ended June 30 was $661 million, up from $649.6 million a year earlier.

Analysts surveyed by Capital IQ expected $663.7 million.

For the full-year 2024, the company now expects adjusted FFO in the range of $1.44 to $1.50 per share, up from its prior range of $1.38 to $1.46 per share. Analysts polled by Capital IQ expect $1.44.

Shares of Americold were 5.7% lower in recent Thursday premarket activity.

Price: 27.31, Change: -1.64, Percent Change: -5.66

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