NEW YORK, Aug. 8, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Lineage, Inc. ("Lineage, Inc." or the "Company") (NASDAQ: LINE) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Lineage, Inc. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all purchasers of Lineage common stock in or traceable to the registration statement used in connection with the Company's July 26, 2024 initial public ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Lineage, Inc. regarding a class action lawsuit related to the company's initial public offering (IPO) on July 26, 2024, alleging misleading statements and undisclosed information that negatively impacted the company's financial performance [1][3][4]. Group 1: Allegations - The lawsuit claims that Lineage experienced a significant decline in customer demand due to increased cold-storage supply and a destocking of excess inventory from the COVID-19 pandemic [4]. - It is alleged that Lineage raised prices prior to the IPO, which could not be sustained amid weakening demand [4]. - The company reportedly failed to mitigate adverse trends through operational efficiencies or competitive advantages, leading to stagnant or declining revenue, occupancy rates, and rent prices [4]. - As a result of these issues, Lineage's financial results and business prospects were materially impaired, contrary to the representations made in the registration statement [4]. Group 2: Class Action Details - Shareholders who purchased Lineage shares during the specified class period are encouraged to register for the class action, with a deadline of September 30, 2025, to seek lead plaintiff status [5]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case's progress [5]. - The Gross Law Firm emphasizes its commitment to protecting investors' rights and ensuring responsible business practices [6].

NEW YORK, Aug. 7, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Lineage, Inc. (NASDAQ: LINE). Shareholders who purchased shares of LINE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of LINE during the timeframe listed above, you will be enrolled ...

Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws related to its IPO and subsequent financial performance [1][2]. Group 1: Lawsuit Details - Investors have until September 30, 2025, to request to lead the case, which is pending in the U.S. District Court for the Eastern District of Michigan [2]. - The lawsuit claims violations under Sections 11 and 15 of the Securities Act of 1933, concerning investors who purchased stock during Lineage's IPO on July 25, 2024 [2]. Group 2: Company Overview - Lineage, Inc. operates as a cold storage-focused real estate investment trust (REIT), owning and managing temperature-controlled storage facilities for perishable products [3]. Group 3: Allegations Against Lineage - The IPO documents claimed strong cash flows due to consistent cold chain demand, suggesting resilience during economic stress, while the reality was a downturn as customers destocked excess inventory from the pandemic [4]. - Following the IPO, Lineage's stock price fell from an initial $78 per share to approximately $40 per share, indicating a significant decline in market confidence [5].

Core Viewpoint - DJS Law Group is investigating Lineage, Inc. for potential violations of securities laws related to misleading information communicated to the market during its IPO in July 2024 [1] Group 1: Company Overview - Lineage, Inc. (NASDAQ: LINE) conducted its initial public offering in July 2024 [1] - The company has faced a decline in demand as clients adjusted their operations and reduced surplus stock due to changing consumer behavior [1] Group 2: Allegations and Issues - The investigation claims that Lineage communicated false and misleading information regarding its market position and demand [1] - Prior to the IPO, Lineage increased prices unsustainably and failed to effectively address demand issues through promotional efforts [1] - The company's disclosures during the class period were deemed false and significantly misleading, leading to shareholder losses once the truth was revealed [1]

Core Viewpoint - A securities class action lawsuit has been filed against Lineage, Inc. for alleged material misrepresentations in its IPO registration statement, impacting investors who purchased shares during the IPO [1][7]. Allegations Against Lineage, Inc. - The lawsuit claims that Lineage's Registration Statement for its IPO, effective on July 24, 2024, contained significant misrepresentations regarding the company's business state and industry trends [7]. - It is alleged that Lineage falsely claimed that COVID-19 had accelerated growth in cold storage demand, which would benefit the company in the long term [7]. - The company reportedly concealed ongoing business challenges, including: - Customers destocking inventory that was built during the pandemic [7]. - A market-wide shift towards maintaining leaner inventories [7]. - Increased overall cold storage supply affecting occupancy rates and pricing power, particularly due to unsustainable price hikes imposed by Lineage [7]. Impact on Investors - Investors have a legal deadline until September 30, 2025, to seek appointment as lead plaintiff in the case [3].

Group 1 - Lineage, Inc. reported $1.35 billion in revenue for the quarter ended June 2025, a year-over-year increase of 0.9% [1] - The EPS for the same period was $0.81, compared to -$0.46 a year ago, indicating a significant improvement [1] - The reported revenue exceeded the Zacks Consensus Estimate of $1.33 billion, resulting in a surprise of +1.47% [1] Group 2 - The company delivered an EPS surprise of +8%, with the consensus EPS estimate being $0.75 [1] - Lineage, Inc. shares returned +2.1% over the past month, outperforming the Zacks S&P 500 composite's +0.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3] Group 3 - In the Global Warehousing Segment, total revenues reached $970 million, surpassing the average estimate of $950.13 million [4] - The Global Integrated Solutions segment generated revenues of $380 million, exceeding the average estimate of $372.7 million [4] - The warehouse storage revenue was $514 million, compared to the four-analyst average estimate of $494.38 million [4]

Financial Data and Key Metrics Changes - The company reported an 8% growth in AFFO per share, while total revenue increased modestly by 1% and adjusted EBITDA decreased by 2% due to challenging market dynamics [8][9][28] - The annual AFFO per share guidance was reduced to a range of $3.2 to $3.4 from the previous range of $3.4 to $3.6 [9][16] - Adjusted EBITDA guidance was revised down to a range of $1,290 million to $1,340 million from $1,350 million to $1,400 million [16][17] Business Line Data and Key Metrics Changes - The Global Warehousing segment experienced a 4% decline in total NOI to $367 million, with same warehouse revenue down 3% [23] - The Global Integrated Solutions segment saw a 2% increase in revenue to $380 million and an 8% increase in NOI to $68 million, with an NOI margin improvement of 100 basis points to 17.9% [25] Market Data and Key Metrics Changes - Same warehouse NOI was down 6% year over year, reflecting elevated inventory levels from the previous year [9] - The company noted a sequential improvement in same store NOI from $336 million to $343 million during Q2 [9] Company Strategy and Development Direction - The company is focused on driving competitive differentiation through customer success, leveraging network effects, and enhancing warehouse productivity [19][20] - The rollout of the LINO F technology is expected to accelerate, with double-digit productivity improvements already observed [11][21] - The company aims to consolidate facilities in markets with excess capacity to drive higher occupancy and efficiency [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the core business despite current market challenges, citing high food prices, interest rates, and tariff impacts as ongoing concerns [9][12] - The company anticipates a seasonal uplift in occupancy in the second half of the year, although it has adjusted expectations for the magnitude of this uplift [14][33] - Management emphasized the importance of internal initiatives and customer relationships in driving future growth [87][90] Other Important Information - The company completed a $500 million investment-grade bond offering, which has been well received by investors [11][27] - The company has deployed $535 million in growth capital, including agreements with Tyson Foods and smaller acquisitions [11] Q&A Session Summary Question: Why did the company not revise guidance earlier despite tracking well? - Management indicated that occupancy guidance changed due to a delay in typical seasonal uplift, which was observed later than usual [31][33] Question: What are the arguments for low occupancy and throughput? - Management noted that high food prices and value-seeking behavior from consumers are impacting inventory levels, which have been under pressure for years [35][36] Question: Can you provide updates on the LINOS pilot program? - Management reported double-digit productivity improvements across the six implemented LINOS sites, with plans for broader rollout [40][41] Question: What is driving the AFFO decline expected in Q3? - The decline is primarily attributed to maintenance CapEx seasonality, with expectations for increased occupancy and same store NOI [89][109] Question: How does the company view inventory levels going forward? - Management believes inventories are at a low point but does not expect significant improvement in the short term due to ongoing consumer pressures [82][84]

Financial Data and Key Metrics Changes - The company reported an 8% growth in AFFO per share, while total revenue increased modestly by 1% and adjusted EBITDA decreased by 2% due to challenging market dynamics [6][7][27] - The annual AFFO per share guidance was reduced to a range of $3.20 to $3.40, down from the previous range of $3.40 to $3.60 [7][14] - Adjusted EBITDA guidance for the full year was revised to a range of $1.29 billion to $1.34 billion, down from $1.35 billion to $1.40 billion [14][15] Business Line Data and Key Metrics Changes - The Global Warehousing segment experienced a 4% decline in total NOI to $367 million, with same warehouse revenue down 3% [22] - The Global Integrated Solutions segment saw a 2% increase in revenue to $380 million and an 8% increase in NOI to $68 million, with an NOI margin improvement of 100 basis points to 17.9% [24] Market Data and Key Metrics Changes - The company noted that same warehouse NOI was down 6% year over year due to elevated inventory levels experienced last year [7] - There was a sequential improvement in same store NOI from $336 million to $343 million, indicating a positive trend despite the seasonal challenges [7][8] Company Strategy and Development Direction - The company is focused on driving competitive differentiation through customer success, leveraging network effects, and enhancing warehouse productivity [18][19] - The rollout of the LINO F technology is expected to accelerate, with plans to complete 10 conversions by year-end, showing double-digit productivity improvements [9][20] - The company aims to strengthen its position as an industry leader by improving supply chain efficiency for customers and enhancing service through technology partnerships [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the core business despite current market challenges, citing high food prices, interest rates, and tariff impacts as ongoing concerns [6][16] - The company anticipates a seasonal uplift in occupancy in the second half of the year, although it has adjusted expectations for the magnitude of this uplift [12][32] - Management emphasized the importance of internal initiatives and customer relationships in driving future growth, despite the current economic pressures [82][83] Other Important Information - The company completed a $500 million investment-grade bond offering, which has been well received by investors [9][25] - The company has a net debt of $7.4 billion and total liquidity of $1.5 billion, indicating a disciplined approach to capital deployment [25] Q&A Session Summary Question: Why was guidance reiterated at NAREIT and then revised down? - Management explained that occupancy guidance changed due to a delay in typical seasonal uplift, which was observed later than usual [30][32] Question: What are the arguments for low occupancy and throughput? - Management noted that high food prices and consumer behavior are impacting inventory levels, but they believe the industry is stabilizing [35][36] Question: Can you provide updates on the LINOS pilot? - Management confirmed that LINOS is exceeding expectations with double-digit productivity improvements across implemented sites [39][40] Question: What is the pricing strategy for storage? - Management stated that pricing levels remain stable, with a 5% sequential improvement in storage revenue per physical pallet [46][48] Question: What is the outlook for throughput and supply in the industry? - Management indicated that throughput is under pressure due to elevated inventory levels, but they expect a decrease in new supply coming online in 2026 [51][55] Question: What assumptions underpin the Q3 and Q4 guidance? - Management highlighted that occupancy expectations were adjusted, but they remain confident in productivity improvements and internal initiatives [58][60] Question: How conservative is the guidance for the back half of the year? - Management stated that the guidance reflects a prudent approach, with occupancy levels expected to improve sequentially [99][100]

Financial Performance - Total revenue increased by 09% to $1350 million[3] - Adjusted EBITDA decreased by 24% to $326 million[3] - Adjusted EBITDA margin decreased by 90 bps to 241%[3] - AFFO increased 551% to $211 million[3] - AFFO per share increased 80% to $081[3] - GAAP net loss of $(7) million, or $(003) per diluted common share[3] Guidance - Full-year 2025 adjusted EBITDA is now expected to be $129 to $134 billion, revised down from the prior guidance of $135 to $140 billion[5] - Adjusted FFO per share for full-year 2025 is expected to be $320 to $340, revised down from the prior guidance of $340 to $360[5] - Third-quarter 2025 adjusted EBITDA is expected to be $326 to $336 million[5] - Third-quarter 2025 AFFO per share is expected to be $075 to $079[5]