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...

Americold Files Current Report With SEC, Citing Cybersecurity Incident

Cold storage company Americold filed a Form 8-K with the Securities and Exchange Commission (SEC) last week, detailing a cybersecurity incident that impacted the company's operations. 

Form 8-K is the “current report” companies must file with the SEC to announce major events that shareholders should be informed of. 

According to the filing, Americold on April 26, 2023 “began to receive evidence that its computer network was affected by a cybersecurity incident. The Company immediately implemented containment measures and took operations offline to secure its systems and reduce disruption to... 

Leading Cold Storage Company Americold Targeted by Network Breach

Americold, the world’s largest publicly traded real estate investment trust (REIT) focused on temperature-controlled warehouses and value-added services, experienced a network breach last week.

The breach is impacting Americold’s operations including inbound and outbound services at numerous facilities. Deliveries and site functionality are reportedly varying from region to region.

Americold has shut down its network while the company investigates the security breach. The company has not yet released an official statement about the event. 

The cold storage mammoth is based in Atlanta, Georgia and owns 242 temperature-controlled warehouses...