Americold Realty Trust Q4 revenue edges past expectations; FFO rises

Overview

• Temperature-controlled logistics leader's Q4 revenue slightly beat analyst expectations

• Adjusted FFO per share for Q4 increased 3% yr/yr

• Company introduced 2026 priorities to support future growth

Outlook

• Americold expects 2026 AFFO per share of $1.20 to $1.30

• Company forecasts 2026 warehouse segment same store revenues at $2.20B to $2.27B

• Americold projects 2026 core EBITDA between $570M and $620M

Result Drivers

• LOWER VOLUMES - Decrease in Q4 total revenues attributed to lower volumes in Global Warehouse segment and decline in third-party managed services and transportation services revenues

• COST MANAGEMENT - Increase in Global Warehouse segment NOI and margin driven by lower operational costs due to site exits

• SERVICE MARGIN EXPANSION - Expanded services margin and achieved long-term target for fixed commitment contracts, contributing to financial performance

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and 2 "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 $13.50, about 12.5% above its February 18 closing price of $12.00

• The stock recently traded at 255 times the next 12-month earnings vs. a P/E of 244 three months ago

Press Release: ID:nGNXwKrY6

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