** Shares of temperature-controlled warehouse operator Americold Realty Trust COLD.N up more than 3% at $13 premarket

** Co forecast 2026 adjusted funds from operations between $1.20 and $1.30 per share, above Wall Street estimates of 92 cents, data compiled by LSEG

** Americold formed a joint venture with investment firm EQT's Active Core Infrastructure fund, contributing 12 cold storage facilities valued at more than $1.3 billion at inception

** It also expects to receive about $1.1  billion in net cash proceeds, which it plans to use to repay its debt

** Co posted Q1 adjusted FFO of 29 cents, compared with 34 cents from a year earlier

** As of last close, stock had fallen 1.2% YTD