COLD Americold (COLD) Q1 FY26 earnings call
Americold delivered Q1 FY26 AFFO above consensus, driven by stabilizing physical occupancy and successful contract renewals. A significant joint venture with EQT Partners was announced, contributing 12 properties for $1.3 billion and generating $1.1 billion in proceeds to deleverage the balance sheet. The company is actively managing its portfolio, streamlining operations with $30 million in Q1 savings, and pursuing organic growth in new sectors, while maintaining its full-year AFFO guidance despite the JV's impact.
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COLD operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Customer churn rate | 2.5%Our customer churn rate remains low at 2.5%, further validating our view that service remains a top priority to our customers when considering their cold chain partner.Source: earnings call transcript | 2.1%You can see this reflected in both our churn rate, which remains low at 2.1% and in the consistency of our storage revenue from fixed commitments, which remained stable at 58% for the quarter.Source: earnings call transcript | -0.4 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.