Americold posts Q3 profit and raises 2026 AFFO outlook
Americold Realty Trust reported third-quarter 2026 revenue of $691.6 million, up 4.2% on an actual basis from the prior year and 3.3% on a constant-currency basis. Net income was $683.4 million, or $2.38 per diluted share, largely reflecting a one-time gain from forming the EQT joint venture. Adjusted FFO was $0.35 per diluted share, while the company raised its 2026 AFFO outlook to $1.31-$1.33 per share.
Why it matters
The results provide investors with updated operating performance and company guidance after the EQT joint venture closed. The transaction also changes Americold’s financing profile through debt reduction and lower expected interest expense.
Key facts
- 1Total revenue was $691.6 million, a 4.2% increase on an actual basis and a 3.3% increase on a constant-currency basis from Q3 2025. stocktitan.net
- 2Net income reached $683.4 million, or $2.38 per diluted share, compared with a net loss of $0.04 per diluted share in Q3 2025, mainly because of a one-time gain tied to the EQT joint venture. stocktitan.net
- 3Adjusted FFO was $101.3 million, or $0.35 per diluted share, with adjusted FFO per diluted share unchanged from Q3 2025. stocktitan.net
- 4Global Warehouse same-store revenue increased 5.7% on an actual basis and 4.9% on a constant-currency basis from Q3 2025. stocktitan.net
- 5Americold set its 2026 AFFO outlook at $1.31-$1.33 per share. tradingview.com
- 6The EQT joint venture is expected to reduce annual interest expense by nearly $50M. seekingalpha.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.