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Americold Realty Trust (COLD) guidance and outlook
Americold Realty Trust (COLD) raised some and lowered other parts of its guidance on Nov 5, 2026: FFO per share $0.35 for FY2026; EPS $1.31–$1.33 for FY2026; Stock-based compensation $260M–$265M for FY2026; EBITDA $585M–$610M for FY2026. Americold Realty Trust's 10-Q filed Nov 5, 2026 makes 10 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| FFO per share | FY2026 | $0.35 | lowered |
| EPS | FY2026 | $1.31–$1.33 | raised |
| Revenue | FY2026 | $2.1B | new |
| Stock-based compensation | FY2026 | $260M–$265M | raised |
| EBITDA | FY2026 | $585M–$610M | raised |
| Interest expense | FY2026 | $155M–$160M | reaffirmed |
| Capital expenditures | FY2026 | $60.0M–$70.0M | reaffirmed |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- In February 2023, the Company announced Project Orion (“Project Orion”), a multi‑year transformation initiative focused on modernizing technology platforms and business processes to support future growth and operational efficiency.
- The Company recognized $10.0 million and $13.0 million in total costs related to Project Orion during the three months ended September 30, 2026 and 2025, respectively.
- GAAP including Net (gain) loss on sale of non-real estate related assets; Transactions, strategic initiatives and other costs, net; Impairment of long-lived assets (excluding certain real estate related assets); Loss (gain) on debt extinguishment and termination of derivative instruments, net; Foreign currency exchange loss (gain); Project Orion deferred costs amortization; Our share of reconciling items related…
- We currently expect that our principal sources of funding for working capital, facility acquisitions, business combinations, expansions, maintenance and renovation of our properties, development projects, debt service and distributions to our stockholders will include:
- We expect that our funding sources as noted above are adequate and will continue to be adequate to meet our short and long-term liquidity requirements and capital commitments.
- During the nine months ended September 30, 2026, the Company de-designated and subsequently terminated interest rate swap agreements with notional amounts of $200 million, $175 million, and $270 million due to a change in the facts and circumstances associated with the forecasted transactions.
- Accordingly, we intend to make, but are not contractually bound to make, regular quarterly distributions to stockholders from cash flows from our operating activities.
- (2) Expansion and development capital expenditures include spend for sites in the recently completed expansion and development phase that are included in our non-same store pool, external integration capital expenditures associated with recent acquisitions in the non-same store pool, and any other expansion and development sites that are in progress that will be added to our non-same store pool when operations…
- Cash used in investing activities included $346.5 million of additions to property, buildings, and equipment, reflecting capitalized maintenance expenditures, various growth and IT related capital expenditures, and investments in our previously announced expansion and development projects.
- Additions to property, buildings, and equipment were $434.5 million, reflecting capitalized maintenance expenditures, various growth and IT related capital expenditures, and investments in our previously announced expansion and development projects.
Americold Realty Trust's latest quarter
Americold Realty Trust, Q3 2026: revenue $692M (+4% year over year), operating margin 107.4%, net earnings $683M, operating cash flow $84.3M. The chart follows the revenue to costs, profit and cash.
Questions
Did Americold Realty Trust raise or lower its guidance?
Americold Realty Trust (COLD) raised some and lowered other parts of its guidance on Nov 5, 2026: FFO per share $0.35 for FY2026; EPS $1.31–$1.33 for FY2026; Stock-based compensation $260M–$265M for FY2026; EBITDA $585M–$610M for FY2026.
What does Americold Realty Trust expect?
In February 2023, the Company announced Project Orion (“Project Orion”), a multi‑year transformation initiative focused on modernizing technology platforms and business processes to support future growth and operational efficiency. The Company recognized $10.0 million and $13.0 million in total costs related to Project Orion during the three months ended September 30, 2026 and 2025, respectively. GAAP including Net (gain) loss on sale of non-real estate related assets; Transactions, strategic initiatives and other costs, net; Impairment of long-lived assets (excluding certain real estate relat
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.