earnings
confidence high
sentiment positive
materiality 0.80
Lineage Q1 revenue down 2.7%, AFFO up 48%; announces $247M Tyson deal and ~$1B development
Lineage, Inc.
2025-Q1 EPS reported
$0.01
revenue$1,292,000,000
- Total revenue $1,292M (-2.7% YoY); GAAP EPS $0.01; adjusted EBITDA $304M (-7.0%), margin 23.5%.
- AFFO $219M (+48.0%), AFFO per share $0.86 (+6.2%); quarterly dividend $0.5275/share ($2.11 annualized).
- Definitive agreement to acquire four cold storage warehouses from Tyson Foods for $247M.
- Multi-year warehousing: design/build two automated warehouses; Tyson anchor at Hazleton, PA; ~$1B total capital expected.
- 2025 guidance maintained: adjusted EBITDA $1.35-$1.40B, AFFO per share $3.40-$3.60; excludes unannounced deals.