---
schema_version: "secwatch.filing_event.v1"
accession: "0001868159-25-000109"
form_type: "8-K"
ticker: "LINE"
cik: "0001868159"
company_name: "Lineage, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:25:10.908024+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lineage Q3 net loss $112M; cuts 2025 adj EBITDA & AFFO guidance to lower end

## Summary
- GAAP net loss $(112)M ($0.44/diluted); revenue $1.377B +3.1% YoY.
- Adjusted EBITDA $341M (+2.4%), margin 24.8%; AFFO $221M (+6.3%), AFFO/share $0.85 (-5.6%).
- Full-year adj EBITDA guidance reduced to $1.290-$1.305B; AFFO/share to $3.20-$3.30 (prev $3.20-$3.40).
- Q4 2025 adj EBITDA outlook $319-$334M; AFFO/share $0.68-$0.78.
- Quarterly dividend $0.5275/share (annual $2.11); CEO cites tariff uncertainty and lower NOI outlook.

## SEC filing metadata
- accession: 0001868159-25-000109
- form_type: 8-K
- ticker: LINE
- cik: 0001868159
- company_name: Lineage, Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1868159/000186815925000109/0001868159-25-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868159/000186815925000109/line-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001868159-25-000109
- JSON: https://secwatch.observer/filing/0001868159-25-000109.json
- Plain text: https://secwatch.observer/filing/0001868159-25-000109.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.