Americold Reports 4.1% Decrease in Total Revenue for First Quarter 2023
Americold Realty Trust, Inc. released its first quarter 2023 financial results Thursday evening, revealing total revenue for the first quarter of 2023 was $67.5 million, a 4.1% decrease.
This was driven by decreases in the company's Third-party managed and Transportation segments, which were largely offset by growth within its Global Warehouse segment.
Core Funds from Operations (FFO) was $60.8 million, or $0.22 per share, unchanged from the year prior.
Adjusted Funds From Operations (AFFO) for the first quarter of 2023 was $79.9 million...
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