Americold Realty Trust's stock soared 6.83% during intraday trading on Thursday, driven by the company's release of better-than-expected fourth-quarter financial results and optimistic guidance for the coming year.
The temperature-controlled logistics leader reported quarterly adjusted funds from operations (FFO) of $0.36 per share, significantly surpassing the analyst consensus estimate of $0.27. Revenue for the quarter reached $658.5 million, also edging past expectations. The company highlighted improvements in cost management and service margin expansion as key drivers behind its financial performance.
Looking ahead, Americold issued 2026 guidance for adjusted FFO in the range of $1.20 to $1.30 per share, which aligns with current analyst estimates. The company also announced a 5% increase in its quarterly dividend and outlined strategic priorities focused on strengthening its balance sheet and improving portfolio profitability, contributing to positive investor sentiment.
Comments