NewsMV
Full-year AFFO guidance at Americold Realty Trust (COLD) stepped higher to $1.26-$1.32 per share after Q2 2026 results, absorbing a $0.05 dilutive impact from the pending EQT joint venture through outperformance in the base business.
The $1.3 billion JV, targeted to close in Q3 2026, will direct $1.1 billion of proceeds toward retiring all U.S. dollar-denominated debt maturing between 2026 and 2028. The next confirmable milestone is that close.
Occupancy gains and the narrowing gap Physical occupancy climbed 200 basis points sequentially, which management tied to deliberate market share gains and the ramping of record new business wins from the prior year.
The gap between physical and economic occupancy tightened to 860 basis points, a level management characterized as healthier and more sustainable over the long term.
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