NYSE$COLD
Americold Realty Trust · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Americold's Q4 2020 results were announced, showcasing revenue growth and strategic acquisitions.
Americold Realty Trust announced a 7.8% increase in total revenue to $523.7 million for Q4 2020. The company completed significant acquisitions, including Agro Merchants Group and Hall's Warehouse Corporation, expanding its global network. Despite a net loss of $44.0 million, the company saw growth in total NOI and Core EBITDA.
- Total revenue increased by 7.8% to $523.7 million.
- Completed the acquisitions of Agro Merchants Group and Hall's Warehouse Corporation.
- Total NOI increased by 11% to $152.4 million.
- Net loss was $44.0 million, or $0.21 per diluted common share.
Headline financials
Revenue & EPS history
Americold · Revenue · Quarterly
$524M
Revenue by segment
Americold · $524M total across 3 segments · Q4 2020
- Warehouse Services$408M+6.3%77.9%
- Third-Party Managed Services$78.5M+21.9%15.0%
- Transportation Services$37.3M+4.9%7.1%
Forward guidance
Americold provided guidance for 2021, anticipating same store revenue growth and NOI growth in the global warehouse segment, along with expectations for managed and transportation NOI, SG&A expenses, and AFFO per share. The guidance excludes the impact of future acquisitions, dispositions, or capital markets activity.
Tailwinds
- Global warehouse segment same store revenue growth to range between 2% and 4% on a constant currency basis.
- Same store NOI growth to be 100 to 200 basis points higher than the associated revenue growth on a constant currency basis.
- Managed and Transportation NOI is expected in the range of $46-$54 million.
- Development starts of $175-$300 million.
- Anticipated AFFO per share of $1.36 to $1.46.
Headwinds
- Selling, general and administrative expense is expected in the range of $190-$196 million.
- Current income tax expense of $9-$13 million.
- Deferred income tax benefit from a range of $1-$2 million.
- Non-real estate depreciation and amortization of $85-$92 million.
- Total maintenance capital expenditures is expected in the range of $90-$100 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 Q4 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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