Nick [indiscernible]'s questions to Lineage Inc (LINE) leadership • Q3 2024
Question
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.