Massive Plainville cold-storage facility built for Stop & Shop parent hits market

Americold (COLD) reported Q2 2026 revenue of $662.9 million, up 1.9% year over year, with physical occupancy improving over 200 bps sequentially and nearly 300 bps from a year earlier. However, same-store net operating income fell 1.5% (2.2% constant currency) and Global Warehouse segment margin slipped 30 bps to 33.4%. Adjusted FFO was $0.35/share and full-year 2026 AFFO guidance raised to $1.26-$1.32. The company also discussed an EQT joint venture valuing the portfolio at about $1.3 billion.

Americold Realty Trust said it recorded a $309.6 million impairment in Q2 2026 after agreeing with a customer to wind down facilities in Lancaster, Pennsylvania and Plainville, Connecticut. The impairment drove a $342.8 million net loss, or $1.19 per diluted share. Q2 revenue rose 1.9% to $662.9 million and Core EBITDA was $159.1 million. Americold reported $4.4 billion net debt and 7.3x net debt-to-Core EBITDA, and raised full-year Adjusted FFO to $1.26-$1.32 per share, citing an EQT joint vent

Ahold Delhaize USA (ADUSA) will wind down an automated frozen warehouse in Lancaster, Pennsylvania, and halt a planned facility in Plainville, Connecticut, according to an SEC filing by Americold Realty Trust. ADUSA said it will keep Lancaster operating through Dec. 31 and no near-term changes are planned. Americold expects a $305 million to $320 million non-cash impairment charge for the facilities.

Americold Realty Trust’s Q2 2026 earnings call said physical occupancy rose 200 bps sequentially on market share gains and new business wins. Full-year AFFO guidance was raised to $1.26-$1.32 per share. The $1.3B EQT joint venture is expected to close in Q3 2026, with $1.1B proceeds to retire 2026-2028 debt. A $298.8M impairment was recorded for winding down automated facilities.

AMERICOLD REALTY TRUST (COLD) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.2 3 q22026-quarterlysupplement.htm EX-99.2 Document Exhibit 99.2 Financial Supplement | Second Quarter 2026 Table of Contents PAGE Corporate Profile 3 Earnings Release 5 Financial Information Condensed Consolidated Balance Sheets 17 Condensed Consolidated Statements of Oper

Americold Realty Trust (NYSE: COLD) launched its “Fit for Purpose” initiative to streamline overhead and improve efficiency. The company expects incremental run-rate savings of more than $25 million by the end of Q1 2027, building on prior actions targeting $30 million in indirect labor/SG&A reductions and $50 million in expected project spend reductions year over year.