Americold reiterates full-year AFFO guidance of $1.26-$1.32 per share - COLD News | RalliesAmericold reiterates full-year AFFO guidance of $1.26-$1.32 per share
C
COLD• Americold reaffirms guidance and updates operating trends
- Americold reaffirmed full-year AFFO guidance of $1.26-$1.32.
- Q3 mid-quarter update showed improving demand, with July and preliminary August same-store economic occupancy up about 150 bps year over year.
- Physical occupancy rose about 400 bps, blended price increased about 100 bps, throughput climbed about 300 bps.
- Closed an EQT joint venture on Aug. 31, generating USD 1.15 billion net proceeds used to repay debt.
- Projected annual interest savings of about USD 46 million from the debt paydown.
LSAK
•
