07:05 AM EST, 11/06/2024 (MT Newswires) -- Lineage (LINE) reported Q3 adjusted funds from operations Wednesday of $0.90 per diluted share, up from $0.75 a year earlier.

Analysts polled by Capital IQ expected $0.65.

Net revenue for the quarter ended Sept. 30 was $1.34 billion, up from $1.33 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.33 billion.

The company said it expects Q4 adjusted FFO to be $0.70 to $0.74 per share. Analysts surveyed by Capital IQ expect $0.69.

For 2024, the company projects adjusted FFO of $3.16 to $3.20 per share. Analysts polled by Capital IQ expect $2.23.