This growth was driven by our pricing initiative and rate escalations in both the warehouse and transportation segments, higher economic occupancy in our warehouse segment, the incremental revenue from acquisitions, including warehouse and transportation operations, and our recently completed expansion and development projects. Total revenue for the second quarter of 2022 was $729.8 million, an 11.5% increase from the same quarter of the prior year.

Second Quarter 2022 Total Company Financial Results On August 1, we completed the purchase of our previously leased Christchurch, New Zealand facility for N$18 million (inclusive of N$5 million renovation).On July 1, we completed the acquisition of De Bruyn Cold Storage Pty Ltd, consisting of a facility in Tasmania, Australia for approximately A$24.9 million.Global Warehouse segment same store revenue increased 5.2%, or 7.0% on a constant currency basis, Global Warehouse segment same store NOI decreased 1.6%, or 0.4% on a constant currency basis.Global Warehouse segment NOI increased 2.3% to $297.2 million.Global Warehouse segment revenue increased 11.7% to $1.1 billion.AFFO of $142.7 million, or $0.53 per diluted common share.Core FFO of $111.7 million, or $0.41 per diluted common share.Net loss of $13.5 million, or $0.05 loss per diluted common share.Core EBITDA decreased 2.1% to $231.1 million, or 0.6% on a constant currency basis.Total NOI increased 4.5% to $326.6 million.Total revenue increased 11.3% to $1.4 billion.On June 21, we announced the grand opening of our Dunkirk, NY build-to-suit facility for approximately $36 million.Upon deconsolidation, we recognized a $4.1 million loss as a component of ‘Other, net’. On June 2, we executed a joint venture agreement contributing our Chilean operations (valued at $37 million) in exchange for a 15% ownership stake in the LATAM JV.On April 28, we completed the purchase of our previously leased Gdynia, Poland facility for €6.6 million.Global Warehouse segment same store revenue increased 5.9%, or 8.1% on a constant currency basis, Global Warehouse segment same store NOI increased by 1.6%, or 3.1% on a constant currency basis.Global Warehouse segment NOI increased 4.6% to $151.0 million.

Global Warehouse segment revenue increased 12.0% to $564.4 million.

AFFO of $73.9 million, or $0.27 per diluted common share.

Core FFO of $65.4 million, or $0.24 per diluted common share.

Net income of $4.0 million, or $0.01 income per diluted common share.

Core EBITDA increased 1.6% on an actual basis to $120.2 million., and increased 3.5% on a constant currency basis.Total NOI increased 8.3% to $168.3 million.Total revenue increased 11.5% to $729.8 million.(NYSE: COLD) (the “Company”), the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced financial and operating results for the second quarter ended June 30, 2022. 04, 2022 (GLOBE NEWSWIRE) - Americold Realty Trust, Inc.

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