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NOVI, Mich. - Lineage, Inc. (NASDAQ: LINE), a leading global temperature-controlled warehouse Real Estate Investment Trust (REIT), announced today that its Board of Directors has approved a quarterly cash dividend of $0.5275 per share, representing an annual yield of 3.48%. The dividend, pertaining to the first quarter of 2025, is set to be distributed on April 21, 2025, to shareholders who are recorded by March 31, 2025. According to InvestingPro data, this dividend announcement comes as the company maintains its commitment to shareholder returns despite recent market challenges.
Lineage operates as the world’s largest global temperature-controlled warehouse REIT, with a market capitalization of $13.85 billion. The company boasts a network of over 485 facilities, which encompasses approximately 86 million square feet of space and around 3.1 billion cubic feet of capacity. The company’s facilities are strategically located across various countries in North America, Europe, and the Asia-Pacific region, generating annual revenues of $5.34 billion. InvestingPro analysis indicates the company maintains a FAIR overall financial health score, though its current ratio of 0.86 suggests some liquidity challenges.
The company’s services extend beyond storage, providing comprehensive end-to-end supply chain solutions that incorporate advanced technology. Lineage’s partnerships with major food and beverage producers, retailers, and distributors aim to enhance the efficiency of distribution channels, promote sustainable practices, reduce supply chain waste, and contribute to global food distribution.
The information provided in this announcement is based on a press release statement from Lineage, Inc. It should be noted that the company’s forward-looking statements, which often include terms like "expect," "anticipate," and "intend," are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ from projections.
Investors and stakeholders are reminded that forward-looking statements are only applicable as of the date of the press release and should not be overly relied upon. Lineage disclaims any obligation to update these statements in the future unless required by law.
Shareholders and interested parties can expect the upcoming dividend payment to be made in mid-April, following the record date at the end of March. The announcement underscores Lineage’s commitment to delivering value to its shareholders through regular dividend payments. While the stock has experienced a significant decline of 25% over the past six months, analysts maintain price targets ranging from $58 to $92, suggesting potential upside opportunities. For deeper insights into Lineage’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US equities.
In other recent news, Lineage Inc reported its fourth-quarter and full-year 2024 earnings, with revenue remaining flat at $5.34 billion. Despite stagnant revenue, the company projects growth in adjusted EBITDA for 2025, estimating a range between $1.35 billion and $1.4 billion. Goldman Sachs adjusted its price target for Lineage Inc to $71.00 while maintaining a Buy rating, reflecting optimism about the company’s projected growth rate of 6.1% in 2025. RBC Capital Markets also revised its price target for Lineage Inc to $74.00 from $81.00, maintaining an Outperform rating, citing a slower pace of near-term organic growth and investments. Lineage Inc’s recent launch of the LinOS warehouse execution system and a fully automated cold storage facility highlight its focus on technology and operational efficiency. The company’s strategic initiatives, including potential accretive acquisitions, are expected to drive further growth. Investors are closely monitoring Lineage Inc’s performance and strategic initiatives, particularly as the benefits of the LinOS system become more quantifiable towards the end of 2025.
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