GlobeNewswire·Nov 9, 2026, 4:15 PM ET

Lineage, Inc. Reports Third-Quarter 2026 Financial Results

LINE

Lineage, Inc. reported third-quarter 2026 total revenue of $1,361 million, a 1.2% decrease from the prior year period.
The company recorded a GAAP net loss of $173 million, or $0.68 per diluted share, compared to a loss of $112 million in the same quarter of 2025.
Adjusted EBITDA decreased 7.0% to $317 million, with the margin dropping 150 basis points to 23.3%.
Adjusted Funds from Operations (AFFO) fell 14.9% to $188 million, resulting in $0.73 per share, down 14.1% year-over-year.
Lineage declared a quarterly dividend of $0.5325 per share, establishing an annualized rate of $2.13.
CEO Greg Lehmkuhl noted stabilizing core business trends, including year-over-year same-store occupancy growth for the second consecutive quarter, despite headwinds from high oil prices, constrained trucking capacity, and tariff uncertainty.
The company expects full-year 2026 adjusted EBITDA to range between $1.25 billion and $1.27 billion, and adjusted AFFO per share to range between $2.86 and $2.98.
Guidance for the fourth quarter has been adjusted to reflect continued cyclical pressures, though the company views these as temporary rather than a change in long-term trajectory.
Global Integrated Solutions segment revenue declined 3.3% to $352 million in the quarter, impacted by the aforementioned supply chain challenges.
Same-store warehouse revenues increased 0.4% to $917 million, driven by a 1.8% rise in warehouse services revenue.
Non-same warehouse segment revenues dropped 8.0% to $92 million, primarily due to lower throughput volumes in warehouse services.
Total assets stood at $18.976 billion as of September 30, 2026, with long-term debt, net, increasing to $6.813 billion from $6.107 billion at the end of 2025.
The company operates a network of 497 facilities totaling approximately 87 million square feet across North America, Europe, and Asia-Pacific.

Company: Lineage, Inc.
Keywords: Nasdaq:LINE, Lineage, Inc.