Lineage Q4 Net Loss Widens; Initiates FY25 Outlook

Lineage

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(RTTNews) - Lineage, Inc. (LINE), the world's largest global temperature-controlled warehouse REIT, announced Wednesday a net loss applicable to common stock for the fourth quarter of $71 million or $0.33 per share, compare to net loss of $52 million or $0.43 per share in the prior-year quarter.

Funds from operations, or FFO, for the quarter were $21 million, compared to $32 million last year. Adjusted funds from operations, or AFFO, were $213 million or $0.83 per share, compared to $86 million or $0.48 per share in the year-ago quarter.

Total revenues for the quarter edged up to $1.34 billion from $1.33 million in the same quarter last year.

On average, analysts polled expect the company to report earnings of $0.06 per share on revenue of $1.35 billion for the year. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2025, the company now projects adjusted EBITDA in a range of $1.35 billion to $1.40 billion and AFFO in a range of $3.40 to $3.60 per share. The Street is looking earnings of $0.48 per share for the year. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com