Lineage Inc Q4 revenue misses amid challenging conditions

Lineage

25/02/2026 11:13

Overview

Temperature-controlled warehouse REIT's Q4 revenue decreased, missing analyst expectations

Adjusted EBITDA for Q4 beat analyst expectations

Company highlights strong execution and increased utilization in Q4

Outlook

Lineage expects 2026 adjusted EBITDA of $1.25 to $1.30 bln

Company forecasts 2026 AFFO per share of $2.75 to $3.00

Lineage focuses on cost control and energy efficiency for 2026

Result Drivers

UTILIZATION INCREASE - Lineage reported increased utilization in Q4, aligning with expected seasonal business trends, per CEO Greg Lehmkuhl

OPERATIONAL EXCELLENCE - Co attributed solid full-year results to operational excellence and productivity improvements amid challenging conditions

COST MANAGEMENT - Lineage plans to focus on administrative costs, capex management, and labor productivity in 2026

Company press release: ID:nBwbPdh6Ma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$1.34 bln
$1.38 bln (9 Analysts)
Q4 EPS
$0.03
Q4 Net Income
$6 mln
Q4 Adjusted EBITDA
Beat
$327 mln
$295.79 mln (9 Analysts)
Q4 Adjusted FFO
$214 mln
Q4 Adjusted FFO Per Share
$0.83
Q4 Income from Operations
$67 mln
Q4 Pretax Profit
-$8 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 11 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Lineage Inc is $38.50, about 1.2% above its February 24 closing price of $38.06

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)