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Lineage Announces Acquisition of Bellingham Cold Storage

1. LINE acquires three warehouses from BCS, enhancing storage capacity significantly. 2. Acquisition includes 24 million cubic feet and 85 thousand pallet positions.

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FAQ

Why Bullish?

The acquisition expands LINE's operational footprint, which can lead to increased revenue. Historical acquisitions by REITs often result in positive stock performance due to enhanced capacity.

How important is it?

Acquisitions are crucial for REIT growth, suggesting positive shareholder value creations over time. This investment is likely to attract further interest and investment in LINE due to increased capacity.

Why Long Term?

The full financial benefits from new acquisitions typically manifest over time as utilization increases and revenue grows. Past examples show improved stock performance in REITs after strategic acquisitions.

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BCSPLDEXR
NOVI, Mich.--(BUSINESS WIRE)--Lineage, Inc. (NASDAQ: LINE) (the “Company”), the world's largest global temperature-controlled warehouse REIT, today announced its acquisition of three warehouses totaling approximately 24 million cubic feet and 85 thousand pallet positions from Bellingham Cold Storage (“BCS”). The acquired assets include three locations on the west coast of Washington state: the Bellingham Waterfront Warehouse Center, the Orchard/I-5 Warehouse Center and the Burlington Dry locati.

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