Lineage, Inc. Reports Third-Quarter 2026 Financial Results
Key Highlights
- ➤Adjusted EBITDA $317 million, down 7.0% year over year
- ➤AFFO $188 million, down 14.9%; AFFO per share $0.73
- ➤Full-year adjusted EBITDA guidance set at $1.25-$1.27 billion
- ➤Full-year AFFO per share guidance set at $2.86-$2.98
- ➤Quarterly dividend $0.5325 per share, annualized $2.13
Expert Statements
Greg Lehmkuhl, President and Chief Executive Officer of Lineage
“Our core business trends continued to stabilize in the third quarter, with same-store occupancy growing year-over-year for the second consecutive quarter, further confirmation that customer inventory levels have normalized.”
Greg Lehmkuhl, President and Chief Executive Officer of Lineage
“Overall results were generally in line with our expectations, though we saw a more challenging environment later in the quarter, as sharply higher oil prices, constrained trucking capacity, and tariff uncertainty created temporary headwinds, particularly in our Global Integrated Solutions business.”
Greg Lehmkuhl, President and Chief Executive Officer of Lineage
“We expect these pressures to continue into the fourth quarter and have adjusted our guidance accordingly, but we view them as cyclical rather than a change in our trajectory. We remain confident that as these temporary pressures ease, the underlying strength of our business will become increasingly visible in our results.”
NOVI, Mich., Nov. 09, 2026 (GLOBE NEWSWIRE) -- Lineage, Inc. (NASDAQ: LINE) (the "Company"), the world’s largest global temperature-controlled warehouse REIT, today announced its financial results for the third quarter of 2026.
Third-Quarter 2026 Financial Highlights * Total revenue decreased (1.2)% to $1,361 million * GAAP net loss of $(173) million, or $(0.68) per diluted common share * Adjusted EBITDA decreased (7.0)% to $317 million; adjusted EBITDA margin decreased (150)bps to 23.3% * AFFO decreased (14.9)% to $188 million; AFFO per share decreased (14.1)% to $0.73 * Declared quarterly dividend of $0.5325 per share, representing an annualized dividend rate of $2.13 per share “Our core business trends continued to stabilize in the third quarter, with same-store occupancy growing year-over-year for the second consecutive quarter, further confirmation that customer inventory levels have normalized,” said Greg Lehmkuhl, president and chief executive officer of Lineage. “Overall results were generally in line with our expectations, though we saw a more challenging environment later in the quarter, as sharply higher oil prices, constrained trucking capacity, and tariff uncertainty created temporary headwinds, particularly in our Global Integrated Solutions business.
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