Several firms, including Goldman and JPMorgan, initiated coverage of Lineage just weeks after the cold storage REIT went public via the biggest IPO of the year.
Several firms, including Goldman Sachs and Bank of America, initiated coverage of Lineage just a few weeks after the cold storage real estate investment trust went public in late July. Lineage went public on July 25 via an initial public offering, which was the largest IPO of the year . The company — the world's largest global temperature-controlled warehouse REIT — raised $4.4 billion at an implied valuation above $18 billion.
" Burrows said she expects Lineage's earnings growth to be driven by a re-acceleration in same store net operating income growth due to increased demand and a return to more normal seasonality over 2025 and 2026. A "roll-up opportunity" exists for Lineage, if the company completes further acquisitions or new development starts, she added. Lineage had acquired eight facilities from Burris Logistics in October 2023 .
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