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NOVI, Mich. -On Wednesday, Lineage Inc. (NASDAQ:LINE), the world’s largest temperature-controlled warehouse REIT, reported a fourth quarter loss as revenue remained relatively flat compared to the prior year.
Lineage shares edged up 0.25% in after-hours trading following the earnings release.
The company posted a net loss of $80 million, or $0.33 per diluted share, in Q4 2024. Revenue for the quarter came in at $1.3 billion, up 0.4% year-over-year.
Adjusted EBITDA increased 9.8% to $335 million in Q4, with the adjusted EBITDA margin expanding 210 basis points to 25.0%.
For the full year 2024, Lineage reported revenue of $5.3 billion, flat versus 2023. The company recorded a net loss of $751 million, or $3.70 per diluted share, for the year.
Looking ahead, Lineage expects full-year 2025 adjusted EBITDA between $1.35 billion and $1.40 billion. The company forecasts adjusted funds from operations (AFFO) per share of $3.40 to $3.60 for 2025.
"We are pleased to report a strong finish to 2024, with 10% growth in fourth-quarter adjusted EBITDA, capping a transformational year for our company," said Greg Lehmkuhl, President and CEO of Lineage.
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