Americold Raises Full-Year Guidance Despite Impairment Charges — Americold Realty Trust, Inc.

Event summary

Americold reported Q2 2026 Adjusted FFO of $0.35 per share, exceeding expectations.
Total revenues increased by 1.9% year-over-year to $662.9 million.
The company recorded a net loss of $342.8 million due to impairment charges.
Americold raised its full-year Adjusted FFO guidance to $1.26-$1.32 per share.
A strategic joint venture with EQT is expected to close in Q3 2026.

The big picture

Americold's Q2 2026 results reflect ongoing industry stabilization, with year-over-year revenue growth and occupancy improvements. The strategic joint venture with EQT aims to strengthen the company's balance sheet and provide financial flexibility for future developments. Despite impairment charges, Americold's raised full-year guidance demonstrates resilience in its underlying business.

What we're watching

Joint Venture Impact: The pace at which the EQT joint venture will enhance Americold's balance sheet and financial flexibility.
Market Recovery: Whether Americold can sustain its operational excellence and disciplined commercial execution in a stabilizing market.
Cost Management: How the company will manage higher energy costs and other operational expenses to maintain profitability.