Lineage reports mixed Q4/FY2025; net loss $113M for year; initiates 2026 guidance

Lineage, Inc.

2025-FY EPS reported -$0.43 revenue$5,355,000,000

Q4 revenue $1,336M (flat YoY); GAAP net income $6M ($0.03 diluted EPS).
Full-year 2025 revenue $5,355M (flat); GAAP net loss $(113)M ($(0.43) diluted EPS).
Full-year adjusted EBITDA $1,298M (-2.3%); AFFO $865M (+22.7%), AFFO per share $3.37 (+2.4%).
Initiates FY2026 guidance: adjusted EBITDA $1.25-$1.30B, AFFO per share $2.75-$3.00.
Declared quarterly dividend $0.5275/share (annualized $2.11).

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