Americold Realty Trust remains a Buy, offering a strong yield and margin of safety amid challenging macro conditions. The $1.3B joint venture with EQT unlocks $1.1B in cash for debt repayment, strengthening COLD's balance sheet. COLD maintained AFFO guidance of $1.20–$1.30/share for 2026, with a 5.76% dividend yield and a 73.6% payout ratio, although the recent EQT deal can change the guidance.


