💨 Abstract

Lineage, a Novi, Michigan-based REIT, reported a strong second quarter with funds from operations of $211 million, or 81 cents per share, surpassing Wall Street estimates of 75 cents. Despite a reported loss of $6 million, revenue reached $1.35 billion, exceeding forecasts. The company anticipates Q3 funds from operations between 75 to 79 cents per share and full-year projections between $3.20

Courtesy: WTOP Staff