Financial Performance - Net revenues for the three months ended June 30, 2025, were $1,350 million, slightly up from $1,338 million in the same period of 2024, indicating a growth of 0.9%[18] - The company reported a net loss of $7 million for the three months ended June 30, 2025, compared to a net loss of $80 million in the same period of 2024, showing an improvement of 91.3%[18] - Comprehensive income attributable to Lineage, Inc. for the three months ended June 30, 2025, was $146 million, compared to a loss of $90 million in the same period of 2024[18] - The company reported a basic loss per share of $0.03 for the three months ended June 30, 2025, unchanged from the same period in 2024[18] - The company experienced a net loss attributable to common stockholders of $6 million for the three months ended June 30, 2025, compared to a net loss of $74 million for the same period in 2024[189] - The company reported a net loss before income taxes of $14 million for Q2 2025, an improvement from a net loss of $73 million in Q2 2024[195] Assets and Liabilities - Total assets increased to $19,444 million as of June 30, 2025, up from $18,661 million at December 31, 2024, representing a growth of 4.2%[16] - Total liabilities rose to $9,778 million as of June 30, 2025, compared to $8,967 million at December 31, 2024, marking an increase of 9.0%[16] - The company’s retained earnings showed a deficit of $2,103 million as of June 30, 2025, worsening from a deficit of $1,855 million at December 31, 2024[16] - The total stockholders' equity remained relatively stable at $8,637 million as of June 30, 2025, compared to $8,638 million at December 31, 2024[16] - As of June 30, 2025, total debt increased to $5,792 million from $4,976 million as of December 31, 2024, representing a 16.4% increase[109] Cash Flow and Investments - For the six months ended June 30, 2025, the net cash provided by operating activities was $397 million, compared to $260 million in the same period of 2024, representing a 52.7% increase[25] - The net cash used in investing activities increased to $718 million in 2025 from $398 million in 2024, reflecting a 80.4% increase[25] - The company acquired assets totaling $439 million during the six months ended June 30, 2025, compared to $73 million in 2024[25] - Cash paid for interest decreased to $153 million in 2025 from $319 million in 2024, indicating a 52% reduction[27] Stock-Based Compensation - Stock-based compensation increased to $6 million for the quarter ending June 30, 2024, up from $5 million in the previous quarter, representing a 20% increase[20] - The company reported stock-based compensation of $69 million for the six months ended June 30, 2025, compared to $11 million in 2024[25] - Stock-based compensation expense for the three months ended June 30, 2025, was $29 million, compared to $6 million in the same period in 2024[167] - The company granted 1,467,453 RSUs with an estimated expense of $81 million to be recognized over the vesting term during the three months ended June 30, 2025[155] Legal and Compliance - The Company believes it is in compliance with all OSHA regulations in all material respects, with no material unrecorded liabilities as of June 30, 2025[182] - The Company is subject to various legal claims, including a potential class action lawsuit related to the IPO, but believes the ultimate resolution will not have a material adverse effect on its financial statements[186] - The Company has not recorded any material liabilities arising from environmental matters as of June 30, 2025[180] Revenue Segments - Global Warehousing revenues for Q2 2025 were $970 million, slightly up from $966 million in Q2 2024, while total net revenues for the same period were $1,350 million compared to $1,338 million in Q2 2024, indicating a growth of 0.9%[195] - Global Integrated Solutions revenues reached $380 million in Q2 2025, up from $372 million in Q2 2024, contributing to a total of $728 million for the first half of 2025, compared to $731 million in the same period of 2024[195] Debt and Financing - The Company has an unsecured delayed-draw term loan facility with a borrowing capacity of up to $2,400 million, fully drawn on April 9, 2024[115] - The 5.25% Notes issued on June 17, 2025, amount to $500 million, with interest payable starting January 15, 2026[119] - Unsecured credit facilities increased from $2,772 million to $3,001 million from December 31, 2024, to June 30, 2025[109] - The total long-term debt, net, increased to $5,735 million as of June 30, 2025, from $4,906 million as of December 31, 2024[109] Other Financial Metrics - The company's effective tax rate for the three months ended June 30, 2025, was 50.0%, compared to (9.6%) for the same period in 2024[108] - The Company recorded a net gain of $13 million related to insurance reimbursement from the Kennewick warehouse fire, offsetting clean-up costs of $9 million for the three months ended June 30, 2025[183] - Foreign currency translation adjustments resulted in a gain of $184 million for the three months ended June 30, 2025, compared to a loss of $12 million for the same period in 2024[187]

Lineage, Inc. Reports Second-Quarter 2025 Financial Results NOVI, Mich. – August 6, 2025 – Lineage, Inc. (NASDAQ: LINE) (the "Company"), the world's largest global temperature- controlled warehouse REIT, today announced its financial results for the second quarter of 2025. Second-Quarter 2025 Financial Highlights "We delivered second-quarter results in line with our expectations," said Greg Lehmkuhl, president and chief executive officer of Lineage. "We achieved AFFO per share growth driven by our continued ...

Core Viewpoint - A class action lawsuit has been filed against Lineage, Inc. for allegedly misleading investors during its 2024 IPO, with claims that the company failed to disclose significant operational challenges and declining market conditions [1][2]. Group 1: Allegations Against Lineage, Inc. - The registration statement for the IPO filed on June 26, 2024, was claimed to be false and misleading, failing to disclose that Lineage was experiencing a decline in customer demand due to increased cold-storage supply and destocking of excess inventory from the COVID-19 pandemic [2]. - Lineage reportedly implemented unsustainable price increases prior to the IPO, which could not be maintained in the face of weakening demand [2]. - The company was unable to counteract adverse trends through operational efficiencies or competitive advantages, leading to stagnant or falling revenue, occupancy rates, and rent prices, contrary to the representations made in the registration statement [2]. Group 2: Stock Performance - Since the IPO, Lineage's stock price has dropped to approximately $40 per share, remaining significantly below the IPO price at the time of the complaint [3]. Group 3: Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must submit their papers by September 30, 2025, although participation is not required to be eligible for recovery [4].

Core Viewpoint - A 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 [2][4]. Company Information - Lineage, Inc. filed a registration statement for its IPO on June 26, 2024, which was declared effective on July 24, 2024 [3]. - The company’s stock price has fallen to approximately $40 per share, which is about half of the IPO price since the IPO occurred [5]. Legal Proceedings - The lawsuit is on behalf of all individuals and entities who purchased or acquired Lineage's initial public offerings, with a deadline of September 30, 2025, for investors to apply to be appointed as lead plaintiff [2]. - The complaint alleges that the registration statement contained material misrepresentations regarding Lineage's business and financial results, particularly concerning the impact of the COVID-19 pandemic on cold storage demand [4].

NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Lineage, Inc. ("Lineage" or "the Company") (NASDAQ: LINE) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Lineage securi ...

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 based on claims under Sections 11 and 15 of the Securities Act of 1933 [2]. - The lawsuit is pending in the U.S. District Court for the Eastern District of Michigan, specifically titled City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., et al. [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 and Financial Performance - The IPO documents claimed that Lineage had "consistent cold chain demand" and strong cash flows, suggesting resilience during economic downturns [4]. - Contrary to these claims, it is alleged that Lineage was experiencing a downturn as customers destocked excess inventory and shifted to leaner inventories [4]. - Following the IPO on July 25, 2024, at $78 per share, the stock price has significantly declined to around $40 per share, nearly a 50% drop [5].

NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Michigan on behalf of all persons or entities who purchased the securities of Lineage, Inc. (“Lineage” or the “Company”) (NASDAQ: LINE) in its July 2024 initial public offering (the “IPO”) or thereafter. The Complaint alleges that, throughout the IPO, Defendants made materially false and misleading statements bec ...

Core Viewpoint - A class action lawsuit has been filed against Lineage, Inc. for alleged violations of federal securities laws related to misleading statements made during its IPO process [1][4]. Group 1: Lawsuit Details - The Schall Law Firm is representing investors who purchased Lineage's securities during its IPO in July 2024 and encourages them to contact the firm before September 30, 2025 [2]. - The lawsuit claims that Lineage made false and misleading statements that led to a weakening of demand as customers destocked excessive inventory and adjusted to changing consumer trends [4]. Group 2: Company Performance Issues - Lineage reportedly raised prices unsustainably prior to the IPO and failed to address demand problems through marketing or leveraging competitive advantages [4]. - The company's public statements are alleged to have been false and materially misleading throughout the class period, resulting in investor damages when the truth was revealed [4].

Core Points - A shareholder class action lawsuit has been filed against Lineage, Inc. alleging that the company's Registration Statement related to its IPO contained material misrepresentations and omissions [1] - The lawsuit claims that Lineage is experiencing stagnant or declining revenue, occupancy rates, and rent prices [1] Company Information - The lawsuit pertains to shares purchased during Lineage's IPO in July 2024, with investors encouraged to discuss their legal rights if they experienced significant losses [2] - The deadline for investors to request to be appointed as lead plaintiff in the case is September 30, 2025 [3] - Holzer & Holzer, LLC is representing the shareholders and has a history of recovering hundreds of millions of dollars for investors affected by corporate misconduct [3]

Core Points - A shareholder has filed a securities class action lawsuit on behalf of investors who purchased or acquired common stock of Lineage, Inc. in connection with the Company's July 2024 IPO [1][2] - The lawsuit alleges that the defendants made misrepresentations regarding Lineage's business, historical financial results, and industry trends at the time of the IPO [2] Summary by Sections - **Lawsuit Details** - The lawsuit is aimed at investors who bought shares during the IPO and claims misrepresentation by the defendants [1][2] - Investors wishing to serve as lead plaintiff must file by September 30, 2025, and representation is on a contingency fee basis [3] - **Firm Background** - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [4]