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Americold - Americold Realty Trust Announces Third Quarter 2019 Results - News released on 7 Nov 2019 15:11:04 -0600- REITNewsHeadlines - 2019-11-07 21:22:35 PDT

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I can’t explain why Americold Realty’s stock dropped so much today. Any thoughts? Here are the Third Quarter 2019 Highlights from #COLD Q3’19 report, sorry for the long text. • Total revenue of $466.2 million, a 16.0% increase over the same quarter last year. • Total NOI of $120.7 million, an 18.9% increase over the same quarter last year. • Core EBITDA of $93.4 million, a 21.6% increase over the same quarter last year, or a 23.4% increase on a constant currency basis. • Net income of $27.1 million, or $0.14 per diluted common share, compared to net income of $24.5 million in the same quarter last year. • Core FFO of $59.1 million, or $0.30 per diluted common share, compared to $43.9 million in the same quarter last year. • AFFO of $52.4 million, or $0.27 per diluted common share, compared to $41.4 million in the same quarter last year. • Global Warehouse segment revenue of $365.6 million, a 23.0% increase over the same quarter last year. • Global Warehouse segment NOI of $113.4 million, a 21.1% increase over the same quarter last year. • Global Warehouse segment same store revenue grew 2.0%, or 3.3% on a constant currency basis, with same store segment NOI improving 1.0%, or 2.3% on a constant currency basis. • Sold minority interest in its China joint venture for approximately $15.0 million in cash proceeds. • Received Baa3/stable rating from Moody’s, which reduced the Company’s $800 million Unsecured Revolver spread by 55 basis points to L+90, and its $475 million. - CapitalKing - 2019-11-07 21:22:35 PDT

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