Lineage Q2 revenue meets on occupancy improvement
LINE•Full-year outlook
- Lineage expects full-year 2026 adjusted EBITDA of $1.26 billion to $1.29 billion
- Company sees 2026 AFFO per share between $2.80 and $3.05
- Lineage said guidance excludes the impact of unannounced future acquisitions or developments
Quarterly results meet on occupancy improvement
- Global temperature-controlled warehouse REIT's Q2 revenue rose 0.8%, matching analyst expectations
- Adjusted EBITDA for Q2 beat analyst expectations
- AFFO per share fell 6.2% yr/yr as industry conditions stabilized
Lineage said a 90 bps yr/yr increase in same warehouse physical occupancy signaled inventory normalization and industry stabilization. Warehouse services revenue in the global warehousing segment rose 7.7% yr/yr, offsetting flat storage revenue.
