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3 clusters · 5 sources · 18 days · First seen · Last updated

Americold Realty Trust financial and operational updates

Overview

Americold Realty Trust reported a second-quarter net loss of $342.8 million, or $1.19 per diluted share, primarily due to a $309.6 million impairment charge following a mutual agreement with a customer to wind down operations in Lancaster, Pennsylvania, and Plainville, Connecticut. Despite this, the company reported a 1.9% revenue increase to $662.9 million and noted that physical occupancy rose by more than 200 basis points sequentially. To manage a net debt-to-pro forma Core EBITDA ratio of approximately 7.3x, the company is pursuing a joint venture with EQT, expected to close in the third quarter. Following these results, Americold raised its full-year adjusted funds from operations (AFFO) guidance to a range of $1.26 to $1.32 per share.

The company is also expanding its integrated cold chain fulfillment services, such as order-level fulfillment and last-mile delivery, to support direct-to-consumer and omnichannel growth. For example, protein provider Good Ranchers has utilized these services to scale ecommerce operations.

In financial developments, analysts have updated their outlooks for the stock. Scotiabank raised its price objective from $15.00 to $16.00, while Royal Bank of Canada, UBS Group, and Evercore issued targets of $18.00, $16.00, and $19.00, respectively. Additionally, Americold declared a third-quarter 2026 quarterly dividend of $0.23 per share, payable on October 15, 2026, to stockholders of record as of September 30, 2026.

Entities

Americold Realty Trust · Evercore · Chris Papa · Americold Realty Trust, Inc. · Scotiabank

Timeline

  1. 17 days ago

    [BUSINESS] 2 sources
    Americold Realty Trust declares $0.23 per share quarterly dividend

    Americold Realty Trust has declared a third-quarter dividend of $0.23 per share, payable on October 15, 2026, to shareholders of record as of September 30, 2026.

  2. 30 days ago

    [BUSINESS] 2 sources
    Americold Realty Trust expands fulfillment services and receives analyst upgrades

    Americold Realty Trust is scaling its cold chain fulfillment for direct-to-consumer brands while receiving updated price targets from several financial analysts, including Scotiabank and UBS.

  3. about 1 month ago

    [BUSINESS] 2 sources
    Americold Realty Trust reports Q2 net loss amid $310 million impairment

    Americold Realty Trust reported a Q2 net loss of $342.8 million due to a $309.6 million impairment charge, but raised its full-year AFFO guidance amid improving occupancy and a planned joint venture with EQT.

Sources

coldchainnews.com · marketwire.com · mommygearest.com · pulse2.com · stocknews.com

This summary has been updated 1 time: see revision history