AMERICOLD REALTY TRUST

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash, cash equivalents, and restricted cash $208.1m $234.3m $621.1m $53.1m $60.4m $47.7m $136.9m
Accounts receivable - net of allowance of $16,396 and $24,426 at December 31, 2025 and 2024, respectively $194.3m $214.8m $324.2m $380.0m $430.0m $426.0m $386.9m $368.5m
Property, plant and equipment, gross $1.8b $88.0m $6.1b $6.8b $7.0b $7.3b $7.5b $8.0b
Property, buildings, and equipment – net $1.8b $88.0m $4.8b $5.1b $5.1b $5.1b $5.0b $5.3b
Identifiable intangible assets – net $25.1m $284.8m $797.4m $981.0m $925.2m $897.4m $838.7m $819.5m
Goodwill $186.1m $318.5m $794.3m $1.1b $1.0b $794.0m $784.0m $828.3m
Other assets $58.7m $61.4m $86.4m $112.1m $158.7m $194.1m $291.2m $246.1m
Accumulated depreciation ($1.2b) ($1.4b) ($1.6b) ($1.9b) ($69.8m) ($2.5b) ($2.6b)
Operating leases - net $0 $59.6m $267.3m $320.1m $276.2m $247.3m $222.3m $179.9m
Financing leases - net $58.3m $129.0m $101.7m $82.9m $105.2m $104.2m $157.9m
Investments in and advances to partially owned entities $37.5m $78.9m $38.1m $40.3m $39.2m
Borrowings under revolving line of credit $0 $0 $0 $399.3m $500.1m $392.2m $255.1m $332.1m
Senior unsecured notes and term loans - net of deferred financing costs of $16,001 and $13,882 at December 31, 2025 and 2024, respectively $1.4b $1.7b $2.6b $2.4b $2.6b $2.6b $3.0b $3.8b
Sale-leaseback financing obligations $118.9m $115.8m $185.1m $178.8m $171.1m $161.9m $79.0m $42.4m
Financing lease obligations $40.8m $58.2m $125.9m $97.6m $77.6m $97.2m $95.8m $152.3m
Operating lease obligations $62.3m $269.1m $301.8m $264.6m $240.3m $219.1m $180.0m
Other liabilities $9.1m $7.4m $8.0m
Total stockholders’ equity $706.8m $1.8b $3.8b $4.0b $3.8b $3.6b $3.3b $2.9b
Total equity $1.8b $3.8b $4.0b $3.8b $3.6b $3.3b $2.9b
Total assets $2.5b $4.2b $7.8b $8.2b $8.1b $7.9b $7.7b $8.1b
Accounts payable and accrued expenses $253.1m $351.0m $552.5m $559.4m $557.5m $568.8m $603.4m $574.1m
Unearned revenues $18.6m $16.4m $19.2m $26.1m $32.0m $28.4m $22.0m $20.2m
Deferred tax liability - net $18.0m $17.1m $220.5m $169.2m $135.1m $135.8m $115.8m $98.6m
Total liabilities $1.8b $2.3b $4.0b $4.2b $4.3b $4.2b $4.4b $5.2b
Common stock, $0.01 par value per share – 500,000,000 authorized shares; 284,871,943 and 284,265,041 shares issued and outstanding at December 31, 2025 and 2024, respectively 1.5m 1.9m 2.5m 2.7m 2.7m 2.8m 2.8m 2.8m
Paid-in capital $1.4b $2.6b $4.7b $5.2b $5.2b $5.6b $5.6b $5.7b
Accumulated deficit and distributions in excess of net earnings ($638.3m) ($736.9m) ($895.5m) ($1.2b) ($1.4b) ($2.0b) ($2.3b) ($2.7b)
Accumulated other comprehensive loss ($12.5m) ($14.1m) ($4.4m) $4.5m ($6.0m) ($16.6m) ($27.3m) ($63.2m)
Noncontrolling interests $0 $2.4m $8.1m $14.5m $18.5m $26.2m $37.6m
Total liabilities and equity $2.5b $4.2b $7.8b $8.2b $8.1b $7.9b $7.7b $8.1b

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.