Quarterly ResultMay 7, 2026, 06:46 AM
Americold Q1 AFFO $0.29/Share; Announces $1.3B Joint Venture
AI Summary
Americold Realty Trust reported Q1 2026 Adjusted FFO of $0.29 per diluted share, a 14.7% decrease from the prior year, though results came in ahead of expectations. Total revenues slightly increased by 0.1% to $629.9 million, and the net loss improved to $13.6 million ($0.05 per diluted share) from $16.4 million ($0.06 per diluted share) in Q1 2025. The company also announced a new $1.3 billion joint venture with EQT, reinforcing balance sheet strength and highlighting asset quality. Management noted stabilization in physical occupancy levels and continued progress on key strategic priorities.
Key Highlights
- Americold Q1 Adjusted FFO per diluted share was $0.29, a 14.7% decrease from Q1 2025.
- Total revenues for Q1 2026 increased 0.1% to $629.9 million.
- Net loss for Q1 2026 improved to $13.6 million, or $0.05 per diluted share.
- Global Warehouse segment same store revenues increased 0.8% on an actual basis.
- Global Warehouse segment same store NOI decreased 3.1% on an actual basis.
- Core EBITDA was $136.8 million, a 7.3% decrease from Q1 2025.
- Announced a new $1.3 billion joint venture with EQT to strengthen the balance sheet.
- Reaffirmed 2026 Adjusted FFO per share guidance of $1.20 to $1.30.