Americold Realty Trust Q3 revenue rises 4.2%, beats estimates
COLD•Americold Realty Trust’s third-quarter revenue rose 4.2% to $691.6 million, beating the $640.79 million estimate, while adjusted FFO per share was flat at $0.35. The company raised its 2026 adjusted FFO outlook to $1.31-$1.33 per share and said it reduced debt by $1.15 billion after an EQT joint venture.
1. Third-quarter results
Americold Realty Trust reported third-quarter revenue of $691.6 million, up 4.2% and above the $640.79 million analyst estimate. Adjusted FFO per share was unchanged from a year earlier at $0.35. The company reported net income of $683.4 million and adjusted EBITDA of $159.4 million.
2. Raised 2026 outlook
Americold raised its 2026 adjusted FFO per-share outlook to $1.31-$1.33 from $1.26-$1.32. It expects warehouse same-store revenue of $2.06 billion-$2.10 billion in constant currency and forecasts core EBITDA of $585 million-$610 million.
3. Operating factors
The company said higher warehouse services revenue, driven by increased throughput and pricing, contributed to revenue and net operating income growth. Higher economic and physical occupancy supported same-store revenue and margin growth, while lower selling, general and administrative expenses from cost-saving initiatives supported improved margins. Americold said it reduced debt by $1.15 billion after its EQT joint venture.
