Americold Raise 2026 AFFO Outlook on Improve Occupancy and PriceAmericold Realty Trust, Inc.BATS:COLDKalaGhaziAmericold Realty Trust (NYSE: COLD) has raised its full-year 2026 adjusted funds from operations (AFFO) outlook to a range of $1.31 to $1.33 per share, following third-quarter AFFO of $0.35 per share. The improved outlook came after the company reported better warehouse performance, supported by higher occupancy levels, stronger pricing and increased throughput. Although those operating trends helped lift results, management described the overall market backdrop as one in which conditions are stabilizing rather than fully recovering. The company cautioned that consumer demand remains soft and that a broad market recovery has not yet begun. Looking ahead, management said it is currently planning for the 2027 demand environment to be broadly similar to that of 2026. Chambers noted that AFFO per share is expected to be lowest in the first quarter and then increase sequentially through the remainder of the year. That expected pattern reflects several factors, including dilution from joint ventures, seasonal changes in occupancy, certain retail customer transitions and higher administrative costs in the first quarter. The company intends to issue formal 2027 guidance when it holds its fourth-quarter earnings call. In addition to its core food-related business, Americold is actively pursuing customers in other sectors. Chambers said the company recently won business from an aerospace company and sees potential opportunities in pharmaceuticals, chemicals and electronics. The aerospace customer will use an existing Americold facility that also stores food, he said, while noting that customer and product requirements can vary significantly. That diversification effort suggests Americold is looking to leverage its temperature-controlled warehouse network beyond traditional food storage and distribution. Within food distribution, Americold signed a five-year agreement with Little Caesars in Europe. Under the agreement, Americold will handle procurement, inventory management and distribution for the pizza chain. Chambers also said the company’s development pipeline contains additional opportunities, but that interest rates, construction costs and pricing conditions have kept Americold on the sidelines for now. About Americold Realty Trust (NYSE: COLD) Americold Realty Trust, Inc. is a real estate investment trust that owns, operates and develops temperature-controlled warehouses and distribution facilities. Through its operating platform, Americold Logistics, the company provides refrigerated and frozen storage, handling, transportation and supply-chain services to food producers, retailers, distributors and other customers.