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Nick [indiscernible]

Research Analyst at Baird Financial Group, Inc.

Nicholas Sealy is a Managing Director in Baird's Global Industrial Investment Banking Group, specializing in consumer and industrial mergers and acquisitions for North American and European clients. Throughout his career, he has overseen numerous company sales, acquisitions, public offers, bid defences, and capital raisings for a diverse range of industrial and consumer companies. Joining Baird in 1996 after qualifying as a Chartered Accountant with Peat Marwick and holding a decade-long tenure at Barings, Sealy rose through the ranks to head the European investment banking practice. He holds a master's degree in commerce and finance from the University of Cape Town and is a Chartered Accountant (SA).

Nick [indiscernible]'s questions to Lineage (LINE) leadership

Question · Q3 2024

Nick [indiscernible] asked about the drivers behind lower rent per occupied pallet, the degree of customer leverage in pricing, and specific geographic soft spots from new construction.

Answer

CEO W. Lehmkuhl acknowledged that customers currently have more leverage but emphasized Lineage's competitive advantages, including its network scale, balance sheet, and customer relationships. He believes speculative development will subside and highlighted strong performance in markets like the Pacific Northwest, Australia, and Canada.

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