Shares of Americold Realty Trust (COLD) plummeted 5.16% in pre-market trading on Thursday following the release of its disappointing first-quarter 2025 financial results and revised full-year guidance.

The company reported Q1 revenue of $629 million, falling short of analysts' expectations of $666.5 million and down from $665 million in the same period last year. While Americold's adjusted funds from operations (FFO) of $0.34 per diluted share met Wall Street estimates, it represented a decline from $0.37 a year earlier. The company also posted a net loss of $16.5 million for the quarter.

Adding to investor concerns, Americold revised its 2025 adjusted FFO guidance downward to a range of $1.42 to $1.52 per share, compared to the previous forecast of $1.51 to $1.59. This reduction in outlook, combined with the revenue miss, likely contributed to the sharp decline in the company's stock price. Despite these challenges, Americold announced a 5% increase in its quarterly dividend, which may provide some consolation to shareholders amid the negative market reaction.