Lineage Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	5,358	5,340	5,342	4,928	3,702
Other Revenue	-	-	-	-	-0.3
Total Revenue	5,358	5,340	5,342	4,928	3,702
Revenue Growth (YoY	0.43%	-0.04%	8.40%	33.13%	-
Property Expenses	3,634	3,578	3,590	3,473	2,571
Selling, General & Administrative	587	539	502	399	289.3
Depreciation & Amortization	683	659	552	480	416.1
Total Operating Expenses	5,133	5,127	4,852	4,550	3,464
Operating Income	225	213	490	378	237.3
Interest Expense	-336	-529	-607	-386	-251.7
Interest & Investment Income	9	12	6	3	3.7
Income (Loss) on Equity Investments	-6	-6	-3	-	-
Currency Exchange Gain (Loss)	6	-25	4	-24	-34
Other Non-Operating Income	13	86	113	38	-10.7
EBT Excluding Unusual Items	-89	-249	3	9	-55.4
Merger & Restructuring Charges	-93	-517	-60	-66	-123.6
Gain (Loss) on Sale of Investments	-	-	-	-	6.1
Gain (Loss) on Sale of Assets	-	-	-21	-	-2.5
Total Insurance Settlements	103	105	-	-	-
Asset Writedown	-73	-98	-9	-1	-7.1
Other Unusual Items	-40	-71	-	2	-4.1
Pretax Income	-228	-840	-110	-70	-205.8
Income Tax Expense	-29	-89	-14	6	-29.3
Earnings From Continuing Operations	-199	-751	-96	-76	-176.5
Minority Interest in Earnings	22	87	19	13	23.2
Net Income	-177	-664	-77	-63	-153.3
Preferred Dividends & Other Adjustments	2	42	41	15	20.7
Net Income to Common	-179	-706	-118	-78	-174
Basic Shares Outstanding	229	191	162	152	131
Diluted Shares Outstanding	229	191	162	152	131
Shares Change (YoY)	31.32%	17.90%	6.58%	16.03%	-
EPS (Basic)	-0.78	-3.70	-0.73	-0.51	-1.33
EPS (Diluted)	-0.79	-3.70	-0.73	-0.51	-1.33
Dividend Per Share	2.110	0.907	0.550	-	0.820
Dividend Growth	126.88%	65.00%	-	-	-
Operating Margin	4.20%	3.99%	9.17%	7.67%	6.41%
Profit Margin	-3.34%	-13.22%	-2.21%	-1.58%	-4.70%
EBITDA	1,128	1,089	1,250	1,056	841
EBITDA Margin	21.05%	20.39%	23.40%	21.43%	22.72%
D&A For Ebitda	903	876	760	678	603.7
EBIT	225	213	490	378	237.3
EBIT Margin	4.20%	3.99%	9.17%	7.67%	6.41%
Funds From Operations (FFO)	188	-364	249	229	-
Adjusted Funds From Operations (AFFO)	-	705	562	552	-

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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