secwatch.observer — SEC 8-K summary
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Issuer:     Lineage, Inc. (LINE)
CIK:        0001868159
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001868159-25-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868159/000186815925000059/0001868159-25-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868159/000186815925000059/line-20250430.htm
  HTML page:      https://secwatch.observer/filing/0001868159-25-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer