Lineage reports Q3 AFFO 90c, consensus 80c

Reports Q3 revenue $1.3B, consensus $1.33B. Q3 Total NOI increased 2.1% to $439M. “We are excited to report strong results for our first quarter as a public company, demonstrating our ability to perform well in various economic environments,” said Greg Lehmkuhl, president and CEO of Lineage (LINE), “We generated significant AFFO per share growth this quarter aided by our successful IPO and continued strong operating performance. Looking forward, we are well positioned to drive compounding growth, benefiting from our industry-leading real estate portfolio, innovative technology, and our strategic capital deployment engine. To that end, we are pleased to announce the acquisition of ColdPoint Logistics and we are excited to welcome them to the Lineage family.”