Lineage raised its full-year 2026 adjusted funds from operations guidance to $2.80 to $3.05 per share and narrowed its adjusted EBITDA range while maintaining the midpoint, despite absorbing an estimated $15 million EBITDA impact from the Big Bear facility fire. The company also lifted its same-store net operating income outlook to a range of negative 3% to 0%, citing better-than-expected second-quarter results that included approximately $320 million in adjusted EBITDA and AFFO of roughly $198 million, or $0.76 per share. However, the Global Integrated Solutions segment outlook was lowered to a decline of 4% to 2%, reflecting a $7 million legal settlement and carrier-rate lag. Management highlighted a 90-basis-point year-over-year increase in same-store physical occupancy as a welcome inflection point, while noting that same-store throughput pallets declined 1.8% and container volumes fell 14%. The company is pursuing a strategic portfolio review aimed at reducing leverage toward 5.0x to 5.5x, with a meaningful update expected within the calendar year.
Lineage, Inc. Common StockRaises 2026 AFFO guidance and narrows EBITDA range, with better-than-expected Q2 results.
