$COLD

Americold Realty Trust and Ahold Delhaize USA terminated their agreement for a 329,199-square-foot cold-storage facility in Plainville, which is now up for sale. The property, built for Ahold Delhaize's grocery brands, has specialized refrigeration and automation. Americold expects a $305M-$320M impairment charge for the facility and a similar one in Pennsylvania, with a combined net book value of $455M.

Analyst actions: DA Davidson upgraded Duolingo (DUOL) to Buy, PT $160 (from $130). Citi upgraded Bath & Body Works (BBWI) to Buy, PT $25. KeyBanc upgraded Acadia Realty Trust (AKR) to Overweight, PT $25. Mizuho downgraded Norwegian Cruise Line (NCLH) to Neutral, PT $17 (from $22). Multiple other upgrades/downgrades and initiations were issued across retail, real estate, telecom, and healthcare.

Americold Realty Trust (COLD) reported Q2 revenue of $662.89M and a net loss of $342.81M, driven by a $309.57M impairment of long-lived assets, and filed a universal shelf registration. The company also said ecommerce cold-chain services shipped over 1M direct-to-consumer packages in the past year and expanded two-day coverage to about 99.5% of the U.S. population via five sites using SmarTrakr.

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 is expanding direct-to-consumer ecommerce fulfillment across its cold chain network, citing more than one million DTC packages shipped in the past year and double-digit growth. The company highlighted support for Good Ranchers’ order-level prep, packaging, and temperature-controlled shipments, using its SmarTrakr platform for inventory visibility and tracking.

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. Exhibit 99.1 AMERICOLD ANNOUNCES SECOND QUARTER 2026 RESULTS Delivered $0.35 Adjusted FFO Per Share and Raises Full-Year Guidance Year-Over-Year Revenue and Occupancy Growth Reflect Continued Industry Stabilization Advanced Strategic Joint Venture to Strengthen Balance Sheet and

Barclays said it expects Americold Realty Trust and Lineage to show stronger Q2 2026 operating metrics and potentially higher guidance, despite ongoing industry challenges. Since May 1, Americold is up 26.4% and Lineage up 17.2%, outperforming the RMZ index. The cold storage market is supported by declining new supply and USDA data on cold storage commodities.