NYSE$COLD
Americold Realty Trust · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Americold's financial performance for Q2 2020 demonstrated resilience and growth, marked by strategic acquisitions and robust revenue.
Americold Realty Trust reported a strong second quarter in 2020, with a 10.0% increase in total revenue to $482.5 million and a 6.0% increase in total NOI to $128.3 million. The company's performance was driven by strategic acquisitions, same-store portfolio growth, and elevated retail activity, highlighting the stability of its business model despite the COVID-19 pandemic.
- Total revenue increased by 10.0% to $482.5 million.
- Total NOI increased by 6.0% to $128.3 million.
- Global Warehouse segment revenue increased by 10.1% to $372.4 million.
- Net income was $32.7 million, or $0.16 per diluted common share.
Headline financials
Revenue & EPS history
Americold · Revenue · Quarterly
$483M
Revenue by segment
Americold · $480M total across 3 segments · Q2 2020
- Warehouse Services$372M—77.5%
- Third-Party Managed Services$73M—15.2%
- Transportation Services$34.9M—7.3%
Forward guidance
The Company is revising its AFFO per share guidance from $1.22 - $1.30 to $1.24 - $1.30 for 2020.
Tailwinds
- Deferred income tax benefit of $2 million - $4 million.
- Non-real estate amortization and depreciation expense of $70 million - $72 million.
- Maintenance capital expenditures of $65 million - $73 million.
- Development starts of $400 million - $500 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+1.1%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+1.7%
Avg return
30 days after
49%
18 / 37 earnings
Positive
+16.9%
Q1 2020
Best reaction
-9.9%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +15.1% | +16.5% | +15.7% | |
| Q4 2025 | +15.7% | +9.0% | -6.3% | |
| Q3 2025 | -7.3% | -11.1% | -15.8% | |
| Q1 2025 | -5.6% | -3.9% | -6.5% | |
| Q4 2024 | +6.2% | +5.5% | +1.3% | |
| Q3 2024 | -9.9% | -10.1% | -8.4% | |
| Q2 2024 | +0.4% | -0.8% | +0.6% | |
| Q1 2024 | +5.6% | +5.3% | +16.4% | |
| Q4 2023 | -7.7% | -10.6% | -11.1% | |
| Q3 2023 | +0.0% | -5.4% | +7.1% | |
| Q2 2023 | -1.4% | -2.0% | +2.6% | |
| Q1 2023 | +6.1% | +5.3% | +3.3% | |
| Q4 2022 | +3.8% | +1.0% | -8.8% | |
| Q3 2022 | +14.4% | +20.1% | +24.0% | |
| Q2 2022 | -4.0% | -2.1% | -10.4% | |
| Q1 2022 | -1.9% | -6.9% | +8.2% | |
| Q4 2021 | -0.3% | +1.9% | +1.4% | |
| Q3 2021 | -0.6% | -2.2% | +7.6% | |
| Q2 2021 | -3.1% | -6.0% | -1.9% | |
| Q1 2021 | -0.6% | -1.6% | +0.2% | |
| Q4 2020 | +3.2% | +5.0% | +4.8% | |
| Q3 2020 | +1.1% | -6.5% | -7.6% | |
| Q2 2020 | -3.5% | -5.6% | -7.4% | |
| Q1 2020 | +16.9% | +10.6% | +19.2% | |
| Q4 2019 | -5.2% | -9.5% | -18.1% | |
| Q3 2019 | -7.1% | -7.5% | -2.5% | |
| Q2 2019 | +4.4% | +4.6% | +8.7% | |
| Q1 2019 | -4.7% | -4.6% | -2.1% | |
| Q4 2016 | -1.8% | +0.7% | +7.6% | |
| Q4 2018 | +3.0% | -0.4% | +5.8% | |
| Q2 2017 | +1.3% | +1.7% | +4.4% | |
| Q1 2017 | +1.3% | +1.7% | +4.4% | |
| Q3 2017 | +1.3% | +1.7% | +4.4% | |
| Q3 2018 | +5.7% | +4.1% | +11.7% | |
| Q2 2018 | +0.6% | +3.9% | +9.6% | |
| Q4 2017 | -0.0% | +2.0% | +1.2% | |
| Q1 2018 | -0.0% | +2.0% | +1.2% |
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