Shares of Americold Realty Trust (COLD) tumbled 5.06% in pre-market trading on Thursday following the release of its second-quarter earnings report and revised outlook for 2025. The cold storage real estate investment trust (REIT) faced investor disappointment as it missed earnings estimates and lowered its full-year guidance.
Americold reported quarterly funds from operations (FFO) of $0.27 per share, falling short of analyst expectations of $0.28. This represents an 18.18% decrease compared to the same period last year when the company posted earnings of $0.33 per share. While quarterly revenue came in at $650.748 million, slightly beating the analyst consensus estimate of $647.057 million, it still marked a 1.54% decrease from the previous year's sales of $660.955 million.
Adding to investor concerns, Americold Realty Trust lowered its 2025 adjusted FFO guidance to a range of $1.39 to $1.45 per share, down from its previous outlook of $1.42 to $1.52. This reduction in guidance suggests potential challenges in the company's near-term growth prospects, likely contributing to the sharp decline in stock price. As the cold storage industry faces evolving market dynamics, investors appear to be reassessing their positions in light of Americold's tempered expectations for the year ahead.
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