Lineage Reports Q4 FFO of $0.83, Tops Estimates by $0.10
Lineage, Inc. reported fourth-quarter funds from operations of $0.83 per share, beating the consensus estimate of $0.73. This matched its year-earlier FFO and came as the cold-storage market works through an oversupply that may pressure rent growth.
1. Q4 FFO Beats Estimates
Lineage, Inc. delivered funds from operations of $0.83 per share in the fourth quarter, outperforming the consensus estimate of $0.73 by $0.10. This result matched the $0.83 per share reported a year earlier, indicating consistent cash flow generation across its cold-storage portfolio.
2. Cold-Storage Market Conditions
The cold-storage sector is currently working through an oversupply driven by rapid capacity additions over the past 18 months. This excess inventory is expected to weigh on rental rate growth and slow leasing velocity in the near term, challenging the REIT’s ability to push through higher rents.