Over the last two quarters, Americold's revenue has decreased by 73.7%.
The remaining 37 non-same store population includes the 31 facilities that were acquired since the beginning of 2019 and six legacy facilities. These increases were partially offset by the translation impact of the strengthening US dollar, the previously mentioned incremental costs incurred in response to COVID-19, and the front-line appreciation bonus of $4.3 million. EBITDA and Core EBITDA are not measurements of financial performance under U.S. GAAP, and our EBITDA and Core EBITDA may not be comparable to similarly titled measures of other companies. Non-same store rent and storage revenue per economic occupied pallet “People are going to eat, but what they eat and where may change.”About 76% of the company’s business is with food manufacturers, so whether the product goes to retailers or restaurants doesn’t make much difference as long as it is eventually consumed.“We are agnostic as to whose truck we are putting it on,” Boehler said.Even some of the shutdowns at meatpacking plants trying to contain the spread of the coronavirus would have at most a transient effect on Americold’s business, he said.“People need protein. We believe using our third-party management services allows our customers to increase efficiency, reduce costs, reduce supply-chain risks and focus on their core businesses. The following tables summarize the global warehouse and same store financial results and metrics for the three and six months ended June 30, 2020 and 2019: Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers. Of the Company’s total debt outstanding, $1.8 billion relates to real estate debt, which excludes sale-leaseback and capitalized lease obligations. Total rent and storage revenue per economic occupied pallet For the first quarter of 2020, we delivered total company revenue growth and net operating income growth of 23.1% and 37.2%, respectively. We believe that EBITDAre provides investors and analysts with a measure of operating results unaffected by differences in capital structures, capital investment cycles and useful life of related assets among otherwise comparable companies.

Americold's revenue is the ranked 5th among it's top 10 competitors. Total rent and storage revenue per physical occupied pallet We also calculate our Core EBITDA as EBITDAre further adjusted for acquisition, litigation and other expenses, impairment of long-lived assets, loss or gain on other asset disposals, bridge loan commitment fees, loss on debt extinguishment and modifications, share-based compensation expense, foreign currency exchange gain or loss, loss or income on partially owned entities and reduction in EBITDAre from partially owned entities. Americold Realty Trust (COLD) Q1 2020 Earnings Call Transcript; Friday, 8 May 2020 COLD earnings call for the period ending March 31, 2020. Same store rent and storage revenue per economic occupied pallet Warehouse segment NOI was $120.1 million for the second quarter of 2020, which reflects growth of 5.5%.
But even then, Americold collected revenue from storing the unused food at its facilities, Boehler said.The Atlanta-based company posted net income of $23.5 million in the quarter. During the second quarter of 2020, the Company completed the construction of its Savannah site which was built upon land acquired in connection with the PortFresh acquisition and was added to the non-same store population. Americold Sees Surge in Q1 … ET on Seeking Alpha. Common shares of beneficial interest, $0.01 par value – 325,000,000 and 250,000,000 authorized shares; 203,615,707 and 191,799,909 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively Accounts receivable – net of allowance of $10,481 and $6,927 at June 30, 2020 and December 31, 2019, respectively Loss from investments in partially owned entities