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Stock impact report

Lineage reports ‘strong' Q3 in first quarter as public company [Yahoo! Finance]

Forward Air Corporation (FWRD) 
Last forward air corporation earnings: 4/30 04:27 pm Check Earnings Report
US:NASDAQ Investor Relations: forwardair.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
The Novi, Michigan-based real estate investment trust posted a $543 million net loss, which included numerous expenses tied to the initial public offering. Excluding certain items, adjusted funds from operations (AFFO) increased 20% year over year to 90 cents per share. “We are excited to report strong results for our first quarter as a public company, demonstrating our ability to perform well in various economic environments,” said President and CEO Greg Lehmkuhl in a news release. “Looking forward, we are well positioned to drive compounding growth, benefiting from our industry-leading real estate portfolio, innovative technology, and our strategic capital deployment engine.” Net revenue of $1.34 billion increased 0.5% y/y. Physical occupancy was 77.6% in the quarter, 160 basis points worse y/y. Lineage ( NASDAQ: LINE ) issued full-year 2024 AFFO guidance of $3.16 to $3.20 per share. Lineage also announced that on Friday it acquired ColdPoint Logistics for $223 million, expa Show less Read more
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