LINEAGE INC Stock Price, News & Analysis

Lineage, the world's largest temperature-controlled warehouse REIT, reported mixed Q1 2025 financial results with total revenue declining 2.7% to $1,292 million. The company maintained breakeven GAAP net income at $0.01 per diluted share, while Adjusted EBITDA decreased 7.0% to $304 million.

The highlight was a series of landmark agreements with Tyson Foods, including:

• $247 million acquisition of four cold storage warehouses
• Plans to build and operate two automated cold storage warehouses
• New warehousing agreement at Hazleton, Pennsylvania facility

Despite industry uncertainties due to U.S. tariff policies, Lineage maintains its 2025 guidance with expected adjusted EBITDA of $1.35-1.40 billion and AFFO per share of $3.40-3.60. The company declared a quarterly dividend of $0.5275 per share, representing an annual rate of $2.11 per share.

Lineage, the world's largest temperature-controlled warehouse REIT, has announced a major expansion of its U.S. cold-storage network through a partnership with Tyson Foods. The $1 billion expansion plan includes:

• Acquisition of 4 existing cold storage facilities from Tyson Foods for $247 million
• Development of 2 new fully automated warehouses
• Integration of over 1,000 Tyson Foods employees

The acquired facilities span 49 million cubic feet with 160,000 pallet positions across Pennsylvania, Kansas, Illinois, and Arizona. The new automated warehouses will add 80 million cubic feet and 260,000 pallet positions. Tyson Foods will be an anchor customer at these facilities, including Lineage's automated warehouse in Hazelton, PA, which uses their LinOS technology. The acquisition is expected to close in Q2 2025.

Lineage, the world's largest temperature-controlled warehouse REIT, has named ATS Intermodal, a Harbor Logistics operating company, as the recipient of its 2024 US Drayage East Carrier of the Year award. The recognition is part of Lineage's annual program honoring top transportation service providers across North America.

The selection process evaluates carriers across eight categories, including US National & Regional Truck Load (TL), US Drayage, Canadian Truckload, US Less-Than-Truckload (LTL), Dedicated Truckload and Regional Drayage Services, using both quantitative and qualitative performance criteria.

Jim Thompson, Vice President of Transportation at Lineage, emphasized the important role carrier partners play in delivering seamless supply chain solutions. Jeff Holzbauer, COO of Harbor Logistics, acknowledged the award, highlighting the collaborative relationship between the companies in optimizing the food supply chain.

Lineage (NASDAQ: LINE) has scheduled its first-quarter 2025 financial results announcement for Wednesday, April 30, 2025, before the market opens. The company will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss the results.

Investors can access a live webcast of the call through the Lineage Investor Relations website at ir.onelineage.com. An audio replay will be available for one week after the call, with the webcast archived on the company's investor relations website for approximately one year.

Lineage (NASDAQ: LINE), the world's largest temperature-controlled warehouse REIT, has announced the acquisition of Bellingham Cold Storage (BCS), comprising three warehouses in Washington state. The facilities, totaling 24 million cubic feet and 85,000 pallet positions, include the Bellingham Waterfront Warehouse Center, Orchard/I-5 Warehouse Center, and Burlington Dry location.

The strategic acquisition strengthens Lineage's presence in the US Pacific Northwest, where it currently operates 40 facilities across Washington, Oregon, and Idaho. Notably, the deal includes a strategic warehousing footprint at the Port of Bellingham, a important hub for seafood and agricultural products.

The acquisition integrates BCS's 79-year operational history into Lineage's network, with BCS's existing team members joining Lineage. The company aims to maintain BCS's service standards while leveraging the Port of Bellingham's ongoing modernization project to enhance its cold chain capabilities in the region.

Lineage (NASDAQ: LINE), the world's largest global temperature-controlled warehouse REIT, has announced a quarterly dividend declaration. The company will distribute $0.5275 per share for the first quarter of 2025 to shareholders. The dividend payment is scheduled for April 21, 2025, with a record date of March 31, 2025.

Lineage (NASDAQ: LINE), the world's largest global temperature-controlled warehouse REIT, reported its Q4 and full-year 2024 results. Q4 highlights include revenue growth of 0.4% to $1.3B, adjusted EBITDA increase of 9.8% to $335M, and AFFO growth of 147.7% to $213M.

Full-year 2024 performance showed flat revenue at $5.3B, adjusted EBITDA growth of 4.0% to $1.3B, and AFFO increase of 25.4% to $705M. The company reported a GAAP net loss of ($751M) or ($3.70) per share. The quarterly dividend was declared at $0.5275 per share.

Looking ahead to 2025, Lineage projects adjusted EBITDA of $1.35-1.40B and AFFO per share of $3.40-3.60. The company plans to deploy over $1.5B in capital for acquisitions and development opportunities.

Lineage (NASDAQ: LINE), the world's largest global temperature-controlled warehouse REIT, has disclosed the tax treatment of its 2024 distributions. The company's Q3 cash distribution of $0.38 per share, paid on October 21, 2024, was classified entirely as return of capital, including a $0.0003 per share section 897 look-through distribution gain.

The company's fourth quarter 2024 dividend of $0.5275 per share, paid in calendar year 2025, will be included in shareholders' 2025 distributions and is not included in the 2024 Form 1099-DIV. The company advises shareholders to consult tax advisors regarding federal, state, and local income tax implications of these distributions.

Lineage (NASDAQ: LINE) has announced it will release its fourth-quarter and full-year 2024 financial results on Wednesday, February 26, 2025, before the market opens. The company has scheduled a conference call at 8:00 a.m. Eastern Time on the same day to discuss the results.

Investors can access a live webcast of the call through the Lineage Investor Relations website at ir.onelineage.com. An audio replay will be available for one week after the call, and the webcast will be archived on the company's investor relations website for approximately one year.