Lineage, Inc. (NASDAQ: LINE) has recently released its 10-Q report, providing a detailed insight into its financial performance and operational activities. Lineage is recognized as the world's largest global temperature-controlled warehouse REIT, operating a network of over 485 strategically located facilities totaling approximately 86 million square feet and approximately 3.1 billion cubic feet of capacity across North America, Europe, and Asia-Pacific. The company offers end-to-end supply chain solutions and technology, catering to some of the world's largest food and beverage producers, retailers, and distributors.
In the 10-Q report, under Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations, Lineage provides a comprehensive overview of its financial performance and operational segments. The report delves into the revenue streams of the company, with a focus on the global warehousing segment, which generates revenue from storing frozen and perishable food and other products, along with providing related warehouse services for customers. The report also details the various types of contracts Lineage enters into with its customers for the use of space within its warehouses, such as warehouse agreements, rate letters, tariff sheets, and lease agreements.
Furthermore, the 10-Q report outlines the cost of operations for Lineage's global warehousing segment, which primarily consists of labor, power, and other warehouse costs. The company also discusses its global integrated solutions segment, which provides customers with a comprehensive approach to facilitate the movement of products along the supply chain, detailing the revenues and cost of operations associated with this segment.
Additionally, the report provides insights into other consolidated operating expenses, including depreciation and amortization expenses, general and administrative expenses, acquisition, transaction, and other expenses, as well as restructuring, impairment, and (gain) loss on disposals. Lineage also discusses key factors affecting its business and financial results, such as market conditions, inflation, customer rate increases, occupancy, and throughput levels, and the impact of tariffs and trade policies on its operations.
As a result of these announcements, the company's shares have moved -9.8% on the market, and are now trading at a price of $50.95. For more information, read the company's full 10-Q submission here.
