Quarterly ResultAug 6, 2026, 06:32 AM
Americold Q2 Adj FFO $0.35/share; Raises FY Guidance to $1.26-$1.32
AI Summary
Americold Realty Trust announced strong Q2 2026 results with Adjusted FFO of $0.35 per share, exceeding expectations, and subsequently raised its full-year Adjusted FFO guidance to $1.26-$1.32 per share. Total revenues increased 1.9% year-over-year to $662.9 million, driven by revenue and occupancy growth. The company reported a net loss of $342.8 million, primarily due to impairment charges, but highlighted progress on a strategic joint venture with EQT to strengthen its balance sheet and enhance financial flexibility.
Key Highlights
- Q2 2026 Adjusted FFO per share was $0.35, exceeding expectations.
- Full-year Adjusted FFO guidance raised to $1.26-$1.32 per share.
- Total revenues for Q2 2026 increased 1.9% to $662.9 million.
- Reported a net loss of $342.8 million ($1.19/diluted share) due to impairment charges.
- Global Warehouse same store revenues increased 2.2% on an actual basis.
- Core EBITDA remained flat at $159.1 million in Q2 2026.
- Total liquidity was approximately $719.8 million as of June 30, 2026.
- Declared a Q2 2026 dividend of $0.23 per share.
Price Impact
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