Lineage, Inc. Common StockLINE
▼ NegativeCapitalrelevance
Adjusted EBITDA and FFO declined year over year, with a fire and legal settlement creating headwinds.
Impact on stocks 1
Real Estate
Lineage, Inc. Common StockLineage reported second quarter 2026 adjusted EBITDA of $320 million, down 1.8% year over year, and adjusted FFO of $198 million or $0.76 per share, down 6.2%, while raising its full-year AFFO per share guidance to $2.80 to $3.05. Total revenue rose 0.8% to $1,361 million, and same-store physical occupancy increased 90 basis points to 73.8%, the first year-over-year increase since the company's IPO. The company also raised its same-store NOI guidance to negative 3% to 0% from negative 4% to negative 1%, and management said it expects to provide a comprehensive update by year-end on a strategic portfolio review that could include divestitures of over $1 billion in assets to reduce reported leverage from 6.0 toward a target of 5.0 to 5.5. A fire at the Big Bear facility in Los Angeles is estimated to create a $15 million adjusted EBITDA headwind in the second half of 2026, and a $7 million legal settlement weighed on the Global Integrated Solutions segment.
Lineage, Inc. Common StockAdjusted EBITDA and FFO declined year over year, with a fire and legal settlement creating headwinds.