Lineage trims full-year outlook on tariff overhang

Temperature-controlled warehouse operator Lineage Inc. said high food prices are impacting the amount of inventory customers are holding. While it expects occupancy to improve in the fourth quarter, it lowered its full-year outlook due to continued trade uncertainty. Lineage (NASDAQ: LINE) reported a net loss of $112 million for the third quarter on Wednesday before the market opened. Adjusted funds from operations (AFFO), which excludes depreciation, acquisition and restructuring costs (among other items ...