Recent Updates — COLD
Americold Realty Trust filed an 8-K to furnish an investor presentation dated September 9, 2026, under Regulation FD. The deck highlights the August 31, 2026 closing of a joint venture with EQT involving 12 facilities valued at approximately $1.3 billion, generating $1.15 billion in net proceeds used to pay down debt and establish an expected annual interest savings of ~$46 million. The company reiterated its full-year Adjusted FFO per share guidance of $1.26 - $1.32 and reported positive Q3 trends including increased occupancy, blended pricing, and throughput. Americold operates in the temperature-controlled warehousing industry.
Americold Realty Trust closed a joint venture with EQT’s Active Core Infrastructure fund on August 31, 2026. The company contributed 12 cold storage facilities valued at over $1.3 billion to the new entity, Americold-EQT Cold Storage Partnership, LLC. In exchange for its contribution and a 30% equity stake in the joint venture, Americold received approximately $1.1 billion in net cash proceeds. EQT holds the remaining 70% interest. The company intends to use the proceeds to repay outstanding indebtedness, thereby strengthening its balance sheet. The joint venture will be managed by Americold and governed by a six-person board with equal representation from both members. This transaction represents a strategic divestiture of high-quality assets to reduce leverage while retaining operational control and upside potential through management fees and equity ownership. Americold Realty Trust operates in the temperature-controlled logistics and real estate industry, owning and managing cold storage warehouses globally.
Americold Realty Trust filed an 8-K to report a change in its reportable segment structure, combining the Warehouse and former Third-Party Managed segments into a single Warehouse segment. The company now operates with two reportable segments: Warehouse and Transportation. This revision aligns internal management reporting for fiscal year 2026 and recasts prior period disclosures accordingly. Americold is a global leader in temperature-controlled logistics and real estate, operating a network of cold storage warehouses and transportation solutions.
Americold Realty Trust reported a net loss of $342.8 million, or $1.19 per diluted share, for the second quarter ended June 30, 2026, primarily due to a $309.6 million impairment charge related to winding down operations at Lancaster, PA and Plainville, CT facilities. Total revenues increased 1.9% year-over-year to $662.9 million. Adjusted funds from operations (AFFO) was $102.0 million, or $0.35 per diluted share. The company raised its full-year 2026 Adjusted FFO guidance to a range of $1.26 to $1.32 per share. Additionally, the Board declared a quarterly dividend of $0.23 per share for Q2 2026, paid on July 15, 2026, to shareholders of record as of June 30, 2026. Americold Realty Trust operates in the temperature-controlled logistics and real estate industry, providing cold storage and transportation solutions.
Americold Realty Trust, Inc. entered into a Termination and Wind Down Agreement with ADUSA Distribution, LLC to wind down operations at its Lancaster, PA and Plainville, CT facilities. The company expects to record a non-cash impairment charge of approximately $305 million to $320 million in the second quarter of 2026. Americold Realty Trust is a real estate investment trust that operates temperature-controlled warehouse facilities.