Lineage, Inc.

Lineage, Inc. reported a significant widening of its net loss for the second quarter of 2026 to $(29) million, compared to a $(6) million loss in the prior year. For the first half of 2026, the net loss attributable to the company was $(75) million, up from $(6) million in the same period last year, primarily due to increased interest expense. Despite this, net revenues saw a slight increase, and income from operations improved. The company also completed the acquisition of noncontrolling shares in SK Logistics for $2 million and reclassified Kloosterboer Preference Shares as a $293 million liability.

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.

Lineage, Inc. reported a net loss of $51 million for the three months ended March 31, 2026, a significant decline from the break-even net income in the prior year period. Diluted earnings per share also fell to $(0.18) from $0.01. Net revenues saw a slight increase to $1,297 million, up from $1,292 million year-over-year. The company also completed the redemption of redeemable noncontrolling interests in SK Logistics.

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.

Lineage, Inc. announced that Sudarsan Thattai, its Chief Information Officer and Chief Transformation Officer, plans to retire from the company on April 2, 2027. The company intends to transition Mr. Thattai's Chief Information Officer responsibilities to other members of management in advance of his retirement date. He will continue to serve as Chief Transformation Officer until his official departure. This extended transition period provides Lineage with ample time to ensure a smooth succession and maintain continuity in its critical technology and strategic transformation initiatives, which are key areas for institutional investors to monitor.