Lineage Reports Market Stabilization Amid Cold Storage Oversupply
Lineage (NASDAQ: LINE) reported a net loss of $51 million for Q1 and noted that the cold storage market is stabilizing after experiencing oversupply due to pandemic-driven factors. The company's physical occupancy was 76.4%, down slightly year-over-year, while pallet throughput declined by 3%. Despite these challenges, Lineage expects modest price increases this year.
Tickers: $LINE
Topics: cold storage earnings report market stabilization real estate logistics