Page 1

Exhibit 99.1 AMERICOLD REALTY TRUST ANNOUNCES FIRST QUARTER 2021 RESULTS Reaffirms Annual Guidance and Announces Three Additional Acquisitions Atlanta , GA , May 6 , 2021 - Americold Realty Trust ( NYSE : COLD ) ( the “ Company " ) , the world's largest publicly traded REIT focused on the ownership , operation , acquisition and development of temperature - controlled warehouses , today announced financial and operating results for the first quarter ended March 31 , 2021 . Fred Boehler , President and Chief Executive Officer of Americold Realty Trust , stated , " We are proud of the progress we have made integrating our recent acquisitions into our global platform and we are on track to deliver our synergy goals . For the first quarter 2021 , Global Warehouse segment revenue grew by 27 % and NOI grew by 15 % , as we benefited from last year's acquisition activity . Our first quarter 2021 same store global warehouse results reflect ongoing supply chain disruption with reduced inventory holdings and volumes due to COVID - 19 . We had factored in these impacts and we continue to expect the quarterly cadence to be unique over the course of the year . We have seen an acceleration of business activity late in the quarter and continuing into the second quarter , and we are reaffirming our annual guidance for the full year 2021. ” " From an external growth perspective , we continue to invest in strategic developments and acquisitions which enhance our global network , now spanning 13 countries across four continents . Since the beginning of the year , we have signed or completed three complementary acquisitions , Liberty Freezers in Canada , Bowman Stores in the United Kingdom and KMT Brrr ! in New Jersey . Our balance sheet is well positioned to fund our internal and external growth plan . Additionally , we continue to execute on our ESG priorities , centered around sustainability . Throughout the COVID - 19 pandemic , consumer demand has remained steady . With the rollout of the vaccine and continued reopenings , we are seeing food manufacturer activity begin to ramp up again , which should result in more normalized inventory levels . Now more than ever , we benefit from the scale and diversity of our portfolio , the effectiveness of the Americold Operating System , and the discipline of our commercial processes . Americold remains an integral part of the food supply chain , and we continue to focus on serving our customers , investing in our employees , and creating long - term value for our shareholders . " First Quarter 2021 Highlights • Total revenue increased 31.1 % to $ 634.8 million . • Total NOI increased 16.1 % to $ 157.2 million . • Core EBITDA increased 13.1 % on an actual basis , and 10.3 % on a constant currency basis , to $ 117.8 million . • Net loss of $ 14.2 million , or $ 0.06 loss per diluted common share . • Core FFO of $ 62.5 million , or $ 0.24 per diluted common share . • AFFO of $ 75.9 million , or $ 0.30 per diluted common share . • Global Warehouse segment revenue increased 27.4 % to $ 485.5 million . • Global Warehouse segment NOI increased 15.3 % to $ 146.2 million . • Global Warehouse segment same store revenue decreased 1.8 % , or 3.8 % on a constant currency basis , Global Warehouse segment same store segment NOI decreased by 5.2 % , or 6.9 % on a constant currency basis .