AmeriCold Realty Trust (COLD) Reports Q1 FFO of $0.29

AmeriCold Realty Trust (NYSE: COLD) reported Q1 FFO of $0.29, versus $0.26 reported last year. Revenue for the quarter came in at $484.1 million versus the consensus estimate of $477.4 million.

2020 Outlook:

The Company is maintaining its AFFO per share guidance of $1.22 to $1.30 for 2020. However, certain components are updated as follows:

• Current income tax expense of $8 to $10 million.
• Deferred income tax benefit of $2 to $3 million.
• Please refer to its supplemental for currency translation rates embedded in this guidance.

The Company’s guidance is provided for informational purposes based on current plans and assumptions as is subject to change. The ranges for these metrics do not include the impact of acquisitions, dispositions, or capital markets activity beyond that which has been previously announced.

For earnings history and earnings-related data on AmeriCold Realty Trust (COLD) click here.

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