Lineage Q1 revenue misses estimates, adjusted EBITDA beats

Lineage

06/05/2026 11:14

Overview

US temperature-controlled warehouse REIT's Q1 revenue rose 0.4% but missed analyst expectations

Adjusted EBITDA for Q1 grew 3.3% and beat analyst estimates

Company raised annualized dividend rate by 1% and maintained full-year 2026 guidance

Outlook

Lineage expects full-year 2026 adjusted EBITDA of $1.25 to $1.30 bln

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

Company says supply chain conditions remain challenging due to tariff uncertainty and geopolitical disruptions

Result Drivers

SEASONAL TRENDS - Co said core business trends aligned with typical seasonal patterns, reinforcing industry stabilization

SUPPLY CHAIN CHALLENGES - Co cited ongoing supply chain disruptions, tariff uncertainty, and geopolitical issues as operating challenges

COST CONTROLS - Co said it leveraged network flexibility to adjust to shifting customer needs and control costs

Company press release: ID:nBw4b4WSSa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$1.30 bln
$1.32 bln (8 Analysts)
Q1 EPS
-$0.18
Q1 Net Income
-$51 mln
Q1 Adjusted EBITDA
Beat
$314 mln
$277.11 mln (10 Analysts)
Q1 Adjusted FFO
$201 mln
Q1 Adjusted FFO Per Share
$0.78
Q1 Income from Operations
$36 mln
Q1 Pretax Profit
-$47 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 4 "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 $39.50, about 8.2% above its May 5 closing price of $36.50

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.)