Lineage, Inc.(US:LINE) Yahoo Finance·2025-11-05 16:34Core Insights - Lineage Inc. is experiencing a net loss of $112 million in Q3, with adjusted funds from operations (AFFO) of 85 cents per share, which is 5 cents lower year-over-year [2] - The company reported consolidated net revenue of $1.38 billion, reflecting a 3% year-over-year increase, aligning with consensus estimates [2] - High food prices are affecting customer inventory levels, leading to a lowered full-year outlook due to ongoing trade uncertainties [1][4] Financial Performance - The AFFO guidance for full-year 2025 has been reduced by 10 cents, now ranging from $3.20 to $3.30 per share [4] - Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance has been slightly lowered to a range of $1.29 billion to $1.305 billion [4] - Physical occupancy was reported at 75.2%, which is 110 basis points lower year-over-year but improved by 60 basis points sequentially [3] Operational Metrics - On a same-warehouse basis, pallet throughput declined by 2% year-over-year, while storage revenue per pallet increased by 1% [3] - Despite the challenges posed by food inflation, Lineage anticipates capturing low-single-digit net rent increases next year, consistent with inflation trends [5] Market Context - Container imports to the U.S. remain weak, impacting inventory levels as seafood customers are reducing stock in anticipation of tariff clarity [4] - Shares of Lineage (NASDAQ: LINE) fell by 2.2% on the day of the report, contrasting with a 0.3% increase in the S&P 500 [6] - Lineage operates over 485 facilities with a total space of 3.1 billion cubic feet across North America, Europe, and the Asia-Pacific region, also providing freight forwarding and customs brokerage services [6]