Quarterly ResultMay 6, 2026, 07:08 AM
Lineage Q1 Revenue $1.297B, Net Loss $(51)M; Adj. EBITDA +3.3%
AI Summary
Lineage, Inc. announced its first-quarter 2026 financial results, reporting a slight revenue increase to $1,297 million and a GAAP net loss of $(51) million. Despite a challenging operating environment, Adjusted EBITDA grew 3.3% to $314 million, with an improved margin. The company also declared an increased quarterly dividend and maintained its full-year 2026 guidance for Adjusted EBITDA and AFFO per share, indicating stabilization in the industry.
Key Highlights
- Total revenue increased 0.4% to $1,297 million in Q1 2026.
- GAAP net loss was $(51) million, or $(0.18) per diluted common share.
- Adjusted EBITDA increased 3.3% to $314 million; margin rose 70bps to 24.2%.
- AFFO decreased (8.2)% to $201 million; AFFO per share fell (9.3)% to $0.78.
- Declared a quarterly dividend of $0.5325 per share, a 1% increase.
- Global Warehousing segment revenue increased 4.3% to $985 million.
- Global Integrated Solutions segment revenue decreased (10.3)% to $312 million.
- Maintained full-year 2026 Adjusted EBITDA guidance of $1.25 to $1.30 billion.
- Maintained full-year 2026 AFFO per share guidance of $2.75 to $3.00.