Americold Realty Trust (NYSE:COLD) Issues Earnings Results

Americold Realty Trust (NYSE:COLD) posted its quarterly earnings results on Thursday. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.68), FiscalAI reports. Americold Realty Trust had a negative net margin of 4.40% and a negative return on equity of 3.64%. The business had revenue of $658.45 million during the quarter, compared to the consensus estimate of $654.55 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Americold Realty Trust updated its FY 2026 guidance to 1.200-1.300 EPS.

Here are the key takeaways from Americold Realty Trust’s conference call:

• 2026 AFFO is guided to $1.20–$1.30 per share (vs. $1.43 in 2025), reflecting continued occupancy and pricing headwinds; guidance excludes any unannounced deleveraging transactions.
• Management is pursuing meaningful deleveraging (targeting ~6x or below Net Debt / EBITDA) via potential joint ventures or asset sales to preserve an investment-grade rating, with more details expected in H1.
• Commercial execution remains strong — ~60% of rent/storage revenue now comes from fixed-commitment contracts and Q4 services margin was nearly 14% (12.7% FY), alongside new wins (e.g., On the Run in Australia) and European retail expansions.
• Active portfolio management continued — ~10 sites were exited/idle in 2025 (removing >65,000 pallet positions), nine candidate sites identified for 2026 (two already closed), intended to improve network profitability and occupancy.
• Cost actions largely in place — management expects about $30M of annualized indirect labor/SG&A savings and will reduce Project Orion cash spend by roughly $50M in 2026 to free capital.

Americold Realty Trust Stock Down 3.3%

Americold Realty Trust stock opened at $13.44 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $3.83 billion, a PE ratio of -33.59, a price-to-earnings-growth ratio of 4.93 and a beta of 0.91. The business has a 50 day simple moving average of $12.83 and a 200-day simple moving average of $12.91. Americold Realty Trust has a 12 month low of $10.10 and a 12 month high of $23.52.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 6.8%. Americold Realty Trust’s dividend payout ratio is currently -230.00%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Bank of America lowered Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research note on Thursday, February 5th. JPMorgan Chase & Co. reduced their target price on shares of Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, November 14th. Royal Bank Of Canada lowered shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Evercore set a $14.00 price objective on Americold Realty Trust in a research note on Friday. Finally, Truist Financial lowered their target price on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, December 24th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust has a consensus rating of “Hold” and a consensus price target of $13.92.

Key Stories Impacting Americold Realty Trust

Here are the key news stories impacting Americold Realty Trust this week:

• Positive Sentiment: Company set 2026 AFFO/earnings guidance well above Street expectations (AFFO/EPS guidance $1.20–$1.30), which is the main driver lifting investor sentiment. Americold outlines $1.20–$1.30 AFFO per share guidance for 2026
• Positive Sentiment: FFO/AFFO beat modestly (AFFO/FFO reported roughly $0.38 vs. ~$0.37 consensus) and management highlighted service-margin improvement and cost-reduction/portfolio-optimization plans. Americold Realty Trust Inc. (COLD) Surpasses Q4 FFO Estimates
• Positive Sentiment: Leadership changes and a CFO appointment (and activist pressure/new CEO focus on strategic alternatives) give investors a clearer path to cost cuts, asset sales and execution — a catalyst for a turnaround narrative. Americold (COLD) Soars 15.7% on Upbeat 2026 Outlook, CFO Appointment
• Neutral Sentiment: Macro/contextual support — analysts and REIT commentators are highlighting a potential REIT rebound as rate-cut expectations rise; Americold is being cited as a high‑yield, turnaround REIT if execution holds. REITs Set for a 2026 Rebound? 7 Top Picks as Rate Cuts Approach
• Negative Sentiment: GAAP EPS missed expectations substantially (reported EPS -$0.31 vs. $0.37 expected); that miss and year-over-year EPS weakness are reasons for caution. Americold Realty Trust misses Q4 earnings expectations, shares fall
• Negative Sentiment: Revenue was modestly down (≈1.2% YoY) and the company still shows negative net-margin/ROE on a GAAP basis, underscoring operational challenges in parts of the business. Americold Announces Fourth Quarter and Full Year 2025 Results (press release / slide deck)
• Negative Sentiment: Near-term stock volatility is likely as investors balance the large guidance beat and management moves against the EPS miss and execution risk — expect headline-driven swings. Americold Realty Trust (NYSE:COLD) Trading Up 10.1% After Better-Than-Expected Earnings

Institutional Investors Weigh In On Americold Realty Trust

A number of hedge funds have recently modified their holdings of the business. Ameriflex Group Inc. acquired a new stake in Americold Realty Trust in the 4th quarter valued at about $26,000. Geneos Wealth Management Inc. increased its holdings in shares of Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after purchasing an additional 806 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Americold Realty Trust by 63.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after purchasing an additional 948 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Americold Realty Trust by 252.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after buying an additional 1,593 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Americold Realty Trust during the third quarter worth $61,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.