Lineage Q2 2026: Revenue $1.36B (+0.8%), GAAP net loss $32M, AFFO per share $0.76

Lineage, Inc.

Total revenue $1,361M (+0.8% YoY); GAAP net loss $(32)M or $(0.13) per diluted share.
Adjusted EBITDA $320M (-1.8%); margin 23.5% (-60bps); AFFO $198M (-6.2%), AFFO per share $0.76.
Same warehouse physical occupancy up 90bps YoY, signaling inventory normalization.
Full-year 2026 guidance: adjusted EBITDA $1.26-$1.29B, AFFO per share $2.80-$3.05.
Declared quarterly dividend $0.5325 per share ($2.13 annualized).

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