AMERICOLD REALTY TRUST (COLD) Company Report

Americold reported Q3 2025 AFFO per share of $0.35, which was in line with expectations, with same-store economic occupancy at 75.5%, flat sequentially but down year-over-year.
The company reiterated its guidance for the remainder of 2025 and anticipates continued pressure on pricing and economic occupancy throughout 2026.
For 2026, Americold expects a pricing headwind of 100 to 200 basis points and an approximate 200 to 300 basis point decrease in total economic occupancy.
These challenges are attributed to lower consumer demand, food inflation, and the absorption of approximately 3 million pallet positions of speculative capacity added in North America over the past four years, representing over 15% incremental capacity, which is expected to take a couple of years to resolve.

Nov 6, 2025, 1:00 PM

Transcript

Americold Realty Trust Announces Q3 2025 Results and Reaffirms Full-Year Outlook

COLD

Earnings

Guidance Update

Demand Weakening

Americold Realty Trust reported total revenues of $663.7 million for Q3 2025, a 1.6% decrease from Q3 2024, resulting in a net loss of $11.4 million or $0.04 loss per diluted share.
The company delivered Adjusted FFO of $0.35 per diluted share in Q3 2025, consistent with the prior year, and reiterated its 2025 full-year outlook for Adjusted FFO per share between $1.39 and $1.45.
Global Warehouse segment same-store revenues decreased 1.5% and same-store NOI decreased 2.8% on a constant currency basis compared to Q3 2024, with total warehouse segment economic occupancy at 73.8%, a 290 basis point decrease from Q3 2024.
As of September 30, 2025, 60.0% of rent and storage revenues were derived from fixed commitment contracts or leases, carrying an 8-year weighted average stated term.

Nov 6, 2025, 12:08 PM

8-K

Americold's Dublin Facility Achieves Exclusive U.S. Meat Export Certification

COLD

New Projects/Investments

Product Launch

Americold's Dublin facility has been certified by Ireland’s Department of Agriculture, Food and the Marine (DAFM) to export meat to the United States.
This certification positions Americold as the only dedicated third-party cold storage provider in Ireland with this capability, offering Irish meat producers a compliant logistics pathway to the U.S. market.
In 2025, Americold Ireland also completed five AA-rated BRC Global Standard audits across its facilities and successfully passed the McDonald’s Distributor Quality Management Process (DQMP) audit, reinforcing its commitment to high food safety and quality standards.
These achievements underscore Americold’s strategic focus on expanding its global footprint and enabling customer growth.

Oct 28, 2025, 11:00 AM

Press Release

ResearchAndMarkets.com Publishes North America Cold Chain Market Outlook Report

COLD

Revenue Acceleration/Inflection

New Projects/Investments

The North America cold chain market is forecast to expand significantly, from an estimated $116.85 billion in 2025 to $289.58 billion by 2034, demonstrating a Compound Annual Growth Rate (CAGR) of 9.5%.
This growth is driven by increased global trade of temperature-sensitive products, burgeoning demand from the pharmaceutical and healthcare sectors, and the expansion of e-commerce and online grocery delivery services.
Americold Logistics LLC is identified as the largest publicly traded REIT specializing in temperature-controlled warehousing, operating alongside other major players such as Lineage Logistics Holding, LLC, United States Cold Storage Inc., and VersaCold Logistics Services.
Recent industry developments include new cold storage facilities by CJ Logistics America, Lineage Logistics' cross-border transportation service, and Agile Cold Storage, with United States Cold Storage Inc. completing an expansive refrigerated extension by February 2025.

Sep 29, 2025, 1:56 PM

Press Release

Americold Opens New Import-Export Hub in Partnership with CPKC

COLD

New Projects/Investments

Hiring

Americold Realty Trust has opened a new $100+ million Import-Export Hub in Kansas City, Missouri, developed in partnership with Canadian Pacific Kansas City (CPKC).
This 335,000-square-foot facility is Americold's first on the CPKC rail network and serves as a key hub for the Mexico Midwest Express (MMX), North America's only single-line rail service for refrigerated goods between the U.S. and Mexico.
The hub features on-site USDA inspections to eliminate border delays and is expected to create nearly 190 new jobs.

Aug 12, 2025, 11:00 AM

Press Release

Americold Realty Trust Inc. Reports Q2 2025 Results and Updates Full-Year Guidance

COLD

Guidance Update

Demand Weakening

New Projects/Investments

Americold Realty Trust Inc. reported Q2 2025 AFFO per share of $0.36.
The company reduced its full-year AFFO guidance to $1.39 to $1.45 per share and now expects same-store economic occupancy levels for the year to decrease by approximately 250 to 450 basis points.
These adjustments are attributed to continued market headwinds, including interest rates, tariffs, inflation, government benefit reductions, and excess capacity, which are pressuring occupancy rates and pricing.
Despite the challenges, Americold completed key development projects in Kansas City, Allentown, and Dubai , and maintained 60% of its rent and storage revenue from fixed-to-mid contracts for the quarter.

Aug 8, 2025, 5:45 AM

Americold extends maturity on $375 million term loan

COLD

Debt Issuance

On June 23, 2025, Americold Realty Trust and its subsidiaries extended the maturity date of its $375 million Term A-1 loan facility from August 23, 2025 to August 23, 2026.
As of June 23, 2025, the Company had $375 million of borrowings outstanding under the Term A-1 Facility.

Jun 23, 2025, 12:00 AM

8-K

Americold appoints new President and updates leadership roles

COLD

Management Change

Guidance Update

Americold created the new President role, appointing Rob Chambers to oversee global operations with expanded P&L responsibility.
M. Bryan Verbarendse was named President, Americas, leading business development and operations in North and South America.
Richard Winnall, President, International, will head the Global Commercial and Operations Committees to harmonize standards and drive scalable growth.
The company reaffirmed its 2025 full-year financial guidance as outlined in its May 8, 2025 Q1 earnings release.

Jun 2, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for AMERICOLD REALTY TRUST.

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