Americold Realty Trust Q3 revenue rises 4.2%, beats estimates

Overview

• US temperature-controlled logistics REIT's Q3 revenue rose 4.2%, beating analyst expectations

• Adjusted FFO per share was flat at $0.35 compared to prior year

• Company reduced debt by $1.15 bln after EQT joint venture, strengthening balance sheet

Outlook

• Americold raises 2026 adj FFO per share outlook to $1.31-$1.33 from $1.26-$1.32

• Company expects 2026 warehouse same store revenues of $2.06 bln-$2.10 bln (constant currency)

• Americold forecasts 2026 core EBITDA of $585 mln-$610 mln

Result Drivers

• WAREHOUSE SERVICES REVENUE - Co said higher warehouse services revenue, driven by increased throughput and pricing, contributed to revenue and NOI growth

• OCCUPANCY GAINS - Co reported higher economic and physical occupancy rates, supporting growth in same store revenues and margins

• COST SAVINGS - Lower selling, general and administrative expenses from cost savings initiatives supported improved margins

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the commercial reits peer group is "buy."

• Wall Street's median 12-month price target for Americold Realty Trust Inc is $16.00, about 5.3% above its November 4 closing price of $15.19

Reuters Recommended Reads

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• Nov 4 - NNN REIT Q3 revenue beats estimates, raises 2026 disposition guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)