Earnings Releases·Nov 5, 2026, 6:35 AM ET

Americold Realty Trust — Q3 2026 Earnings Summary

Q3 2026 total revenues rose 4.2% year-over-year to $691.6 million, while net income swung to a $2.38 per share profit from a $0.04 loss in the prior year, driven by a $714.1 million one-time gain from the EQT joint venture contribution; Adjusted FFO remained flat at $0.35 per share.
The company raised full-year 2026 guidance across all key metrics, increasing Adjusted FFO per share to $1.31–$1.33, Core EBITDA to $585M–$610M, and Total Company NOI to $800M–$830M.
Strategic progress includes the August 31 closing of the EQT joint venture, which reduced outstanding debt by $1.15 billion to a net debt level of approximately $3.3 billion (6.2x pro forma Core EBITDA) and resulted in a 30% equity interest in the partnership.
Operational performance showed strength with Global Warehouse same-store revenues up 5.7% and same-store NOI up 6.0%, supported by gains in occupancy, throughput, and pricing.