Quarterly ResultAug 5, 2026, 07:07 AM
Lineage Q2 Net Loss $(32)M; Adj. EBITDA Down 1.8%; Updates FY26 Guidance
AI Summary
Lineage, Inc. reported its second-quarter 2026 financial results, with total revenue increasing 0.8% to $1,361 million. However, the company posted a GAAP net loss of $(32) million and saw declines in Adjusted EBITDA and AFFO per share by 1.8% and 6.2% respectively. Management highlighted a solid quarter with Adjusted EBITDA and AFFO per share ahead of expectations, noting a 90bps year-over-year increase in same warehouse physical occupancy as a positive sign of industry stabilization. The company updated its full-year 2026 guidance, expecting Adjusted EBITDA between $1.26 and $1.29 billion and AFFO per share between $2.80 and $3.05.
Key Highlights
- Total revenue increased 0.8% to $1,361 million for Q2 2026.
- GAAP net loss was $(32) million, or $(0.13) per diluted common share.
- Adjusted EBITDA decreased 1.8% to $320 million, with margin at 23.5%.
- AFFO decreased 6.2% to $198 million, or $0.76 per share.
- Declared a quarterly dividend of $0.5325 per share, an annualized rate of $2.13.
- Same warehouse physical occupancy increased 90bps year-over-year to 73.8%.
- Full-year 2026 Adjusted EBITDA guidance is $1.26 to $1.29 billion.
- Full-year 2026 AFFO per share guidance is $2.80 to $3.05.
Price Impact
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