Lineage Q1 Earnings Call Highlights

Pricing remained a positive contributor. Lehmkuhl said same-store rent, storage, and blast revenue per physical pallet increased 2.2%, the fourth consecutive quarter of year-over-year increases. He added that the company remains “positive about realizing net price increases of 1%-2% this year.” Later in the Q&A, Lehmkuhl said Lineage had secured 70% of its rate increases for the year, supporting that expectation.On occupancy, Lehmkuhl said same-store physical occupancy declined sequentially by 290 basis poi ...

Lineage Q1 Earnings Call Highlights - Reportify