Lineage, Inc. Reports Q4 and Full Year 2024 Financial Results: Revenue Up 0.4%, Adjusted EBITDA Increases 9.8%
Lineage, Inc. (LINE), the world’s largest global temperature-controlled warehouse real estate investment trust (REIT), recently released its financial results for the fourth quarter and the full year ended December 31, 2024. The company’s strong performance was marked by an increase in total revenue and a significant jump in Adjusted EBITDA.
Financial Highlights
Total revenue for the quarter reached $1.3 billion, representing a 0.4% increase from the same period in 2023. The full-year revenue grew by 5.2% to $5.2 billion. GAAP net loss for the quarter was ($80) million, or ($0.33) per diluted common share. However, the Adjusted EBITDA increased by 9.8% to $335 million, resulting in an adjusted EBITDA margin of 25.0%, a 210 basis point improvement.
Impact on Consumers
Lineage’s robust financial performance is a positive sign for consumers as it indicates the company’s ability to maintain and expand its temperature-controlled warehousing infrastructure. This, in turn, ensures the efficient storage and distribution of perishable goods, including food and pharmaceuticals. The increased Adjusted EBITDA also signifies the company’s financial strength, which may translate into continued investments in technology and innovation to enhance the customer experience.
Impact on the World
Lineage’s financial results have broader implications for the global economy. The temperature-controlled warehousing sector is essential in maintaining the global food supply chain, and any disruption to this sector can lead to food shortages and price fluctuations. Lineage’s continued growth and financial strength help ensure the stability of this critical infrastructure. Additionally, the company’s focus on innovation and technology may lead to more efficient and sustainable supply chain solutions, which could have a positive impact on the environment.
Conclusion
Lineage, Inc.’s financial results for the fourth quarter and full year 2024 highlight the company’s strong performance and financial strength. The increase in total revenue and Adjusted EBITDA, along with the improved adjusted EBITDA margin, demonstrate the company’s ability to adapt to market conditions and maintain its position as the world’s largest global temperature-controlled warehouse REIT. The positive impact of these results on consumers and the world at large is significant, as they ensure the efficient storage and distribution of perishable goods and contribute to the stability of the global food supply chain.
- Lineage, Inc. reported strong financial results for Q4 and full year 2024
- Total revenue was $1.3 billion, representing a 0.4% increase from 2023
- Adjusted EBITDA increased by 9.8% to $335 million
- The company’s financial strength ensures the efficiency of temperature-controlled warehousing infrastructure
- Impact on consumers: continued investment in technology and innovation
- Impact on the world: stability of the global food supply chain and potential environmental benefits
