---
schema_version: "secwatch.filing_event.v1"
accession: "0001868159-25-000059"
form_type: "8-K"
ticker: "LINE"
cik: "0001868159"
company_name: "Lineage, Inc."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:41:50.053061+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lineage Q1 revenue down 2.7%, AFFO up 48%; announces $247M Tyson deal and ~$1B development

## Summary
- 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.

## SEC filing metadata
- accession: 0001868159-25-000059
- form_type: 8-K
- ticker: LINE
- cik: 0001868159
- company_name: Lineage, Inc.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1868159/000186815925000059/0001868159-25-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868159/000186815925000059/line-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001868159-25-000059
- JSON: https://secwatch.observer/filing/0001868159-25-000059.json
- Plain text: https://secwatch.observer/filing/0001868159-25-000059.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.