AMERICOLD REALTY TRUST

Americold Realty Trust announced the termination of agreements with ADUSA Distribution for two automated facilities in Lancaster, PA, and Plainville, CT, leading to a significant operational wind-down. The company expects to record a non-cash impairment charge of $305 million to $320 million in Q2 2026, as the facilities, with a net book value of $455 million, will be classified as held for sale. Despite the impairment, the parties agreed to a mutual release of claims and will expand business in other assets, with no expected impact on Americold's full-year 2026 outlook.

Americold Realty Trust announced it will release its second quarter 2026 financial results before the market opens on Thursday, August 6, 2026. The company will host a conference call on the same day at 8:00 a.m. Eastern Time to discuss the results. Investors can access a live webcast of the call via the company's investor relations website, and dial-in details for telephone participation and playback are also provided.

Americold Realty Trust and its subsidiary, Americold Realty Operating Partnership, L.P., entered into an Amended and Restated Syndicated Facility Agreement. This new agreement increases and extends the maturity of certain tranches of its senior credit facility. It includes a $1.15 billion revolving credit facility and a term loan facility with various tranches, including a new AUD$230 million tranche and a CAD$100 million increase to an existing tranche. The maturity of the Revolving Credit Facility was extended to June 23, 2030, and certain term loans were extended to June 23, 2031, enhancing the company's financial flexibility.

Americold Realty Trust announced the formation of a $1.33 billion strategic joint venture with EQT, which is expected to generate approximately $1.15 billion in proceeds for debt repayment. The JV involves 12 properties across the U.S., with EQT holding a 70% ownership stake and Americold retaining 30% and serving as the day-to-day manager. Additionally, the company provided a mid-year update, noting signs of stabilization in the industry and reiterating its full-year outlook for Adjusted FFO per share guidance of $1.20 - $1.30, while also announcing a "Fit for Purpose" initiative targeting over $25 million in annualized run-rate savings by Q1 2027.

Americold Realty Trust announced the launch of its "Fit for Purpose" initiative, a program designed to drive efficiency and streamline its overhead structure. The company anticipates realizing more than $25 million in incremental run-rate savings by the end of the first quarter of 2027, with approximately one-third of these savings expected in 2026. This initiative builds on previous efforts to reduce indirect labor, SG&A, and project spend, leveraging prior investments to enhance operational capabilities and customer delivery.

Americold Realty Trust, through its subsidiary Americold Realty Operating Partnership, L.P., has extended the maturity date of its $250 million USD 2025 Delayed Draw Term Facility. This extension was formalized via the Fourth Amendment to the existing Credit Agreement with Bank of America, N.A. The new maturity date for the facility is September 19, 2026, moved from the previous June 19, 2026.

Americold Realty Trust announced that its Board of Directors has declared a cash dividend of $0.23 per share for the second quarter of 2026. This dividend will be paid on July 15, 2026, to all stockholders of record at the close of business on June 30, 2026.

Americold, a global leader in temperature-controlled logistics, announced a new long-term partnership with Jerónimo Martins, Portugal's leading retail group. Under the multi-year agreement, Americold will manage the storage and store case pick fulfillment of approximately 12 million cases of frozen products annually, serving around 300 retail stores across Portugal. This collaboration, centralized at Americold's enhanced Lisbon facility, reinforces its role as a strategic cold chain hub and has created over 80 new jobs, expanding the site's workforce by over 40%.

Americold Realty Trust announced an expanded partnership with PLUS, a Netherlands-based supermarket cooperative with approximately 440 stores. Americold will manage the storage, handling, and distribution of PLUS's frozen product assortment through its Barneveld distribution center, establishing a single, integrated cold chain solution with nationwide coverage. This agreement supports PLUS's strategy to consolidate its frozen operations to improve efficiency and enhance service levels across its national network.

Americold Realty Trust reported a net loss of $13.7 million for Q1 2026, an improvement from a $16.5 million net loss in Q1 2025. Total revenues slightly increased to $629.9 million from $629.0 million year-over-year. The company also completed the acquisition of a Massillon warehouse for $18.7 million and repaid $200 million in senior unsecured notes during the quarter.