Lineage reports Q3 AFFO 85c, consensus 78c

Reports Q3 revenue $1.38B, consensus $1.36B. “We delivered Adjusted EBITDA and AFFO growth in the third quarter, despite continued challenging market conditions,” said Greg Lehmkuhl, president and chief executive officer of Lineage (LINE). “We saw seasonal improvements in occupancy with stable pricing trends in line with our expectations. Importantly, we remain focused on delighting our customers with exceptional service as we continue to work to optimize our warehouse efficiency.”