<span item_type="fundamental" item_id="4a41a416e2dba567e0320a6d6294f3a7" counter_id="ST/US/COLD" env="prod"></span><span item_type="announcement" item_id="645840088148674433" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 629.87 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.05.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 55.81 M.</p><p></p><h3>Warehouse Segment</h3><h4>Revenues</h4><p>For the three months ended March 31, 2026, total revenues for the Warehouse segment were $577,913 thousand, a decrease of 1.2% from $584,987 thousand in the same period of 2025. On a constant currency basis, total revenues decreased by 3.0% to $567,457 thousand. Rent and storage revenues were $246,055 thousand, down 3.3% from $254,579 thousand in 2025, and warehouse services revenues were $331,858 thousand, up 0.4% from $330,408 thousand in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1455863/000162828026032130/art-20260331.htm"></span>.</p><h4>Cost of Operations</h4><p>Total Warehouse segment cost of operations increased by 1.2% to $391,207 thousand in 2026 from $386,393 thousand in 2025. On a constant currency basis, cost of operations decreased by 0.8% to $383,391 thousand. Key costs included Labor at $252,718 thousand (up 2.1%), Power at $33,823 thousand (up 6.7%), Other facilities costs at $61,223 thousand (up 2.5%), and Other services costs at $43,443 thousand (down 8.6%) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1455863/000162828026032130/art-20260331.htm"></span>.</p><h4>Contribution (NOI) and Margins</h4><p>Global Warehouse contribution (NOI) decreased by 6.0% to $186,706 thousand in 2026 from $198,594 thousand in 2025. On a constant currency basis, contribution (NOI) decreased by 7.3% to $184,066 thousand. The Global Warehouse margin was 32.3% in 2026, down 160 basis points from 33.9% in 2025. Rent and storage contribution (NOI) was $151,009 thousand (down 7.4%), with a margin of 61.4% (down 270 bps). Services contribution (NOI) was $35,697 thousand (up 0.7%), with a margin of 10.8% (up 10 bps) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1455863/000162828026032130/art-20260331.htm"></span>.</p><h4>Operational Metrics (Global Warehouse)</h4><p>Average economic occupied pallets decreased by 4.8% to 3,930 thousand. Average physical occupied pallets decreased by 3.7% to 3,372 thousand. Average physical pallet positions decreased by 6.0% to 5,192 thousand. Economic occupancy percentage increased by 100 basis points to 75.7%, while physical occupancy percentage increased by 160 basis points to 64.9%. Total rent and storage revenues per average economic occupied pallet increased by 1.5% to $62.61, and per average physical occupied pallet increased by 0.3% to $72.97. Throughput pallets decreased by 3.0% to 8,742 thousand, with total warehouse services revenues per throughput pallet increasing by 3.5% to $37.96 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1455863/000162828026032130/art-20260331.htm"></span>.</p><h4>Same Store Warehouse Metrics</h4><p>For the 215 same store warehouses, total revenues decreased by 1.0% on a constant currency basis. Same store rent and storage revenues decreased by 2.4% to $232,833 thousand (constant currency), and same store services revenues remained flat (0.0% change) at $316,715 thousand (constant currency). Same store contribution (NOI) decreased by 4.5% to $185,312 thousand (constant currency), and the same store margin decreased by 120 basis points to 33.7%. Economic occupancy percentage decreased by 70 basis points to 77.3%, while physical occupancy percentage increased by 20 basis points to 66.4% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1455863/000162828026032130/art-20260331.htm"></span>.</p><h3>Transportation Segment</h3><h4>Revenues</h4><p>Transportation services revenues increased by 18.1% to $51,957 thousand in 2026 from $43,993 thousand in 2025. On a constant currency basis, revenues increased by 13.2% to $49,792 thousand, primarily due to higher volumes from customer expansion in North America and certain European regions, and new business/volume increases in Asia-Pacific <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1455863/000162828026032130/art-20260331.htm"></span>.</p><h4>Cost of Operations</h4><p>Transportation services cost of operations increased by 17.5% to $43,154 thousand in 2026 from $36,739 thousand in 2025. On a constant currency basis, costs increased by 12.3% to $41,270 thousand, driven by the same factors affecting revenue growth <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1455863/000162828026032130/art-20260331.htm"></span>.</p><h4>Contribution (NOI) and Margins</h4><p>Transportation segment contribution (NOI) increased by 21.4% to $8,803 thousand in 2026 from $7,254 thousand in 2025. On a constant currency basis, contribution (NOI) increased by 17.5% to $8,522 thousand. The Transportation margin increased by 40 basis points to 16.9% in 2026, and by 60 basis points to 17.1% on a constant currency basis <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1455863/000162828026032130/art-20260331.htm"></span>.</p><h3>Other Consolidated Operating Expenses</h3><p>Depreciation and amortization increased by 3.0% to $91,660 thousand. Selling, general, and administrative expenses increased by 3.0% to $71,319 thousand. Transactions, strategic initiatives and other costs, net decreased by 19.6% to $20,445 thousand, mainly due to decreases in Project Orion related costs and held for sale/closed/idled site costs, partially offset by increases in severance and acquisition-related costs. A net gain from sale of real estate of $2,205 thousand was recorded in 2026, compared to none in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1455863/000162828026032130/art-20260331.htm"></span>.</p><h3>Other Income and Expense</h3><p>Interest expense increased by 15.0% to $41,519 thousand. Loss from investments in partially owned entities decreased by 69.8% to $412 thousand. Other, net was a benefit of $7,383 thousand, primarily due to a foreign currency remeasurement gain, compared to a benefit of $1,296 thousand in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1455863/000162828026032130/art-20260331.htm"></span>.</p><h3>Cash Flows</h3><p>Net cash provided by operating activities increased to $39,868 thousand in 2026 from $30,202 thousand in 2025. Net cash used in investing activities was $125,993 thousand in 2026, down from $226,706 thousand in 2025. Net cash used in financing activities was - $11,565 thousand in 2026, compared to provided cash of $186,872 thousand in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1455863/000162828026032130/art-20260331.htm"></span>.</p><h3>Future Outlook and Strategy</h3><p>Americold Realty Trust, Inc. focuses on disciplined execution, capital efficiency, and proactive asset management to enhance performance, increase cash flows, and create long-term stockholder value through organic growth and optimized utilization of its global network. Management anticipates that macroeconomic conditions, including consumer spending conservatism, persistent inflationary pressures, and increased competition, may affect future operating results. Despite these challenges, the company is committed to cost control, high-quality customer service, and strategic investments to drive long-term value <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1455863/000162828026032130/art-20260331.htm"></span>.</p>

Americold Realty Trust | 10-Q: FY2026 Q1 Revenue: USD 629.87 M