Landmark Agreements with Tyson Foods
Lineage announced agreements with Tyson Foods, deploying approximately $1 billion in capital for acquisitions and development, expected to generate over $100 million in annual EBITDA.
Strong New Business Wins
The company achieved record new business wins, with new business having more than 42% volume guarantees.
Progress on LinOS Technology
LinOS, the proprietary warehouse execution system, is exceeding expectations, showing double-digit productivity improvements in pilot facilities.
AFFO Growth
AFFO for the quarter was up 48% to $219 million, with a 6% increase in AFFO per share.
Continued Global Expansion
Lineage completed acquisitions and expansions in key markets, including the acquisition of Bellingham Cold Storage and expansions in Denmark and the Netherlands.