Lineage: Q3 Earnings Snapshot

NOVI Mich AP NOVI Mich AP Lineage LINE on Wednesday communicated a key measure of profitability in its third quarter The results exceeded Wall Street expectations The real estate funding trust based in Novi Michigan disclosed it had funds from operations of million or cents per share in the period The average estimate of five analysts surveyed by Zacks Outlay Research was for funds from operations of cents per share Funds from operations is a closely watched measure in the REIT industry It takes net income and adds back items such as depreciation and amortization The company noted it had a loss of million or cents per share The cold-storage real estate venture trust based in Novi Michigan posted revenue of billion in the period also exceeding Street forecasts Four analysts surveyed by Zacks expected billion For the current quarter ending in December Lineage expects its per-share funds from operations to range from cents to cents The company expects full-year funds from operations in the range of to per share This story was generated by Automated Insights http automatedinsights com ap using evidence from Zacks Stake Research Access a Zacks stock record on LINE at https www zacks com ap LINE Source