Lineage reports ‘strong’ Q3 in first quarter as public company

Cold storage warehouse operator Lineage Inc. reported financial results Wednesday for the first time since becoming a public company. The Novi, Michigan-based real estate investment trust posted a $543 million net loss, which included numerous expenses tied to the initial public offering. Excluding certain items, adjusted funds from operations (AFFO) increased 20% year over year to 90 cents per share.

“We are excited to report strong results for our first quarter as a public company,...

https://www.freightwaves.com/news/lineage-reports-strong-q3-in-first-quarter-as-public-company

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