Jun 2026 (Q2 FY26) — Aug 6, 2026
Americold Realty Trust Q2 FY26 — Strong Execution Drives AFFO Beat and Raised Guidance
Read the full callAmericold Realty Trust (COLD) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Americold Realty Trust earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 663 | +1.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -43.4 | −49.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -343 | −22374.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
19 of 23 judged targets kept · 43 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Port Saint John, Canada import-export hub opens | Q3 2026 | Dec 2024 | We were also excited to announce the June grand opening of our facility in Port St. John, Canada, which was developed in partnership with both CPKC and DP World. | Achieved |
| Lancaster, Pennsylvania automated retail facility reaches stabilization | end of Q3 2025 | Dec 2024 | we have mutually agreed with the customer to wind down operations at our Lancaster and Plainville facilities and strategically reallocate the capital to other more productive uses | Missed |
| Full-year AFFO per share | $1.20 to $1.30 | Dec 2025 | we are increasing our full-year AFFO guidance to a range of $1.26 to $1.32 per share, an increase of $0.04 at the midpoint of the range | Revised Up |
4 of AMERICOLD REALTY TRUST's 66 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 63 more targets are in the full ledger.
Claimed
- AFFO per share came in ahead of expectations at $0.35, marking the fourth consecutive quarter of meeting or exceeding analyst consensus.
- Physical occupancy increased over 200 basis points sequentially and nearly 300 basis points year-over-year.
- Economic occupancy was up year-over-year, with the gap to physical occupancy tightening by 240 basis points to 860 basis points.
- Pricing for both stores and handling increased year-over-year, while the churn rate remained low at 2.1%.
- Full-year AFFO guidance was raised to $1.26 to $1.32 per share, an increase of $0.04 at the midpoint, offsetting $0.05 dilution from the EQT joint venture.
Qualified
- The company recorded a $298.8 million noncash impairment charge related to the wind-down of operations at its Lancaster and Plainville facilities.
- Ongoing cost pressures from power rates are being experienced, though mechanisms are in place to pass through adjustments.
- The broader industry environment remains challenging due to food inflation, higher input costs for customers, and consumers facing persistent inflation and high interest rates.
Price
$13.72 −0.72% · −$0.1
Performance +0.6% 1Y
1Y: $13.64 on 17 Oct 2025 → $13.72. High $16.25 (7 Jul 2026), low $10.12 (20 Nov 2025).
- Previous close
- $13.82
- 52-week range
- $10.12 – $16.25
- One year
- +0.51%
Overview
- Symbol
- COLD
- Sector
- Real Estate
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
19 of 23 judged targets kept · 43 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Port Saint John, Canada import-export hub opens | Q3 2026 | Dec 2024 | We were also excited to announce the June grand opening of our facility in Port St. John, Canada, which was developed in partnership with both CPKC and DP World. | Achieved |
| Lancaster, Pennsylvania automated retail facility reaches stabilization | end of Q3 2025 | Dec 2024 | we have mutually agreed with the customer to wind down operations at our Lancaster and Plainville facilities and strategically reallocate the capital to other more productive uses | Missed |
| Full-year AFFO per share | $1.20 to $1.30 | Dec 2025 | we are increasing our full-year AFFO guidance to a range of $1.26 to $1.32 per share, an increase of $0.04 at the midpoint of the range | Revised Up |
Claimed
- AFFO per share came in ahead of expectations at $0.35, marking the fourth consecutive quarter of meeting or exceeding analyst consensus.
- Physical occupancy increased over 200 basis points sequentially and nearly 300 basis points year-over-year.
- Economic occupancy was up year-over-year, with the gap to physical occupancy tightening by 240 basis points to 860 basis points.
- Pricing for both stores and handling increased year-over-year, while the churn rate remained low at 2.1%.
- Full-year AFFO guidance was raised to $1.26 to $1.32 per share, an increase of $0.04 at the midpoint, offsetting $0.05 dilution from the EQT joint venture.
Qualified
- The company recorded a $298.8 million noncash impairment charge related to the wind-down of operations at its Lancaster and Plainville facilities.
- Ongoing cost pressures from power rates are being experienced, though mechanisms are in place to pass through adjustments.
- The broader industry environment remains challenging due to food inflation, higher input costs for customers, and consumers facing persistent inflation and high interest rates.
The full ledger
Open AMERICOLD REALTY TRUST’s full ledger
A free account opens 5 company ledgers a month. All 66 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Americold Q1 FY26 — Strategic JV Formed, AFFO Exceeds Consensus
Read the full callEvery analysed call
Americold Realty Trust earnings calls (COLD)
Financials
What the filings say
Net profit, year on year: −22375% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 674 | 666 | 629 | 651 | 664 | 658 | 630 | 663 |
| Expenses | 647 | 678 | 607 | 613 | 647 | 728 | 616 | 951 |
| Operating profit | 27 | -11 | 22 | 38 | 17 | -69 | 14 | -288 |
| Operating margin | 4.0% | −1.7% | 3.5% | 5.8% | 2.5% | −10.5% | 2.3% | −43.4% |
| Interest | 34 | 34 | 36 | 38 | 34 | 39 | 42 | 42 |
| Profit before tax | -5 | -44 | -14 | 5 | -18 | -109 | -20 | -324 |
| Tax rate | 18.1% | 16.3% | −17.9% | 67.6% | 35.3% | 18.3% | 32.4% | −7.0% |
| Net profit | -4 | -36 | -16 | 2 | -11 | -88 | -14 | -343 |
| EPS ($ per share) | -0.01 | — | -0.06 | 0.01 | -0.04 | — | -0.05 | -1.19 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 2 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | -638 | -737 | -896 | -1,158 | -1,415 | -1,996 | -2,342 | -2,719 |
| Total liabilities | 1,826 | 2,338 | 4,038 | 4,187 | 4,317 | 4,235 | 4,429 | 5,200 |
| Fixed assets | 1,840 | 2,933 | 4,767 | 5,128 | 5,066 | 5,107 | 5,021 | 5,345 |
| Total assets | 2,532 | 4,171 | 7,831 | 8,216 | 8,105 | 7,869 | 7,736 | 8,122 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 188 | 236 | 294 | 273 | 300 | 366 | 412 | 360 |
| Cash from investing | -126 | -1,605 | -2,249 | -1,239 | -348 | -357 | -313 | -658 |
| Cash from financing | 85 | 1,395 | 2,330 | 431 | 23 | -0 | -107 | 383 |
| Capital expenditure | -145 | -217 | -377 | -438 | -308 | -264 | -309 | -577 |
| Free cash flow | 43 | 19 | -83 | -165 | -8 | 102 | 102 | -217 |
COLD revenue by segment
Transportation grew from 8% to 9% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Warehouse | 91% | 91% | 91% | 91% | 91% | 91% | 92% | 91% | +1.6% |
| Transportation | 8% | 7% | 7% | 7% | 7% | 7% | 8% | 9% | +23.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
COLD operating KPIs by quarter
| KPI | 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.
Revenue by region
Q2 FY2026 · share of revenue
- North America 76% ↓ 3 pt
- Asia Pacific 14% ↑ 3 pt
- Europe 10%
- South America 1%
As COLD cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
15 filings between Mar 8, 2026 and Jul 2, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$25.4K
4 sales by 1 insider
Compensation
not trading decisions- 11
- Option exercise — converted options into shares
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Harris Robert E. | — | $25.4K | Jul 2, 2026 |
Latest filings (30)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 2, 2026 | Harris Robert E. SVP & Chief Accounting Oficer | Sale | 442 | $7.2K |
| Jul 1, 2026 | Winnall Richard Charles President, International | Option exercise | 7,018 | $0 |
| Jul 1, 2026 | Harris Robert E. SVP & Chief Accounting Oficer | Option exercise | 1,516 | $0 |
| Jun 2, 2026 | Winnall Richard Charles President, International | Option exercise | 2,533 | $0 |
| May 20, 2026 | AMERICOLD REALTY TRUST Director | Option exercise | 10,124 | $0 |
| May 20, 2026 | BARRETT KELLY HEFNER Director | Option exercise | 10,124 | $0 |
| Mar 16, 2026 | Harris Robert E. Chief Accounting Officer | Sale | 665 | $7.6K |
| Mar 14, 2026 | Harris Robert E. Chief Accounting Officer | Option exercise | 1,949 | $0 |
| Mar 14, 2026 | Winnall Richard Charles President, International | Option exercise | 4,667 | $0 |
| Mar 8, 2026 | Harris Robert E. Chief Accounting Officer | Sale | 308 | $3.7K |
| Mar 8, 2026 | Harris Robert E. Chief Accounting Officer | Option exercise | 842 | $0 |
| Mar 8, 2026 | Harris Robert E. Chief Accounting Officer | Option exercise | 1,584 | $0 |
| Mar 8, 2026 | Harris Robert E. Chief Accounting Officer | Sale | 579 | $6.9K |
| Mar 8, 2026 | Winnall Richard Charles President, International | Option exercise | 2,695 | $0 |
| Mar 8, 2026 | Winnall Richard Charles President, International | Option exercise | 3,805 | $0 |
| Jul 1, 2025 | Harris Robert E. SVP & Chief Accounting Oficer | Award | 1,516 | $0 |
| Jul 1, 2025 | Harris Robert E. SVP & Chief Accounting Oficer | Tax withheld | 451 | $7.5K |
| Jul 1, 2025 | Winnall Richard Charles President, International | Option exercise | 7,017 | $0 |
| May 20, 2025 | Kohn Pamela K Director | Option exercise | 6,917 | $0 |
| May 20, 2025 | BARRETT KELLY HEFNER Director | Option exercise | 6,917 | $0 |
| May 12, 2025 | Chappelle George F. Jr. Chief Executive Officer | Purchase | 110,000 | $1.98M |
| May 12, 2025 | Wells Jay EVP & CFO | Purchase | 10,000 | $179.1K |
| Mar 8, 2025 | Winnall Richard Charles See remarks | Option exercise | 7,734 | $0 |
| Mar 8, 2025 | Harris Robert E. SVP & Chief Accounting Oficer | Option exercise | 3,042 | $0 |
| Mar 8, 2025 | Harris Robert E. SVP & Chief Accounting Oficer | Sale | 1,098 | $24.9K |
| Jan 8, 2025 | Harris Robert E. SVP & Chief Accounting Oficer | Option exercise | 1,055 | $0 |
| Jan 8, 2025 | Harris Robert E. SVP & Chief Accounting Oficer | Tax withheld | 390 | $8.3K |
| Jan 8, 2025 | Winnall Richard Charles See remarks | Option exercise | 2,110 | $0 |
| Dec 5, 2024 | Harris Robert E. SVP & Chief Accounting Oficer | Sale | 775 | $17.5K |
| Dec 5, 2024 | Harris Robert E. SVP & Chief Accounting Oficer | Sale | 1,061 | $24.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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