Acquisition And DevelopmentThe company announced a large acquisition and development agreement with Tyson Food, which is expected to add to AFFO in the future.
Financial GuidanceLINE maintained its FY AFFO/sh guide at $3.50/sh, which is slightly above the consensus estimate.
Market Position And GrowthKey positives include scale and market share benefits, external growth and continued consolidation opportunities, and long-term tailwinds from the growing fresh and frozen food segment.