Lineage, Inc. ( (LINE) ) has released its Q2 earnings. Here is a breakdown of the information Lineage, Inc. presented to its investors.
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Lineage, Inc. is the world’s largest global temperature-controlled warehouse REIT, operating a vast network of facilities across North America, Europe, and Asia-Pacific, partnering with major food and beverage producers to enhance distribution efficiency and sustainability.
In its second-quarter 2025 financial report, Lineage, Inc. reported a modest revenue increase of 0.9% to $1,350 million, alongside a GAAP net loss of $7 million. Despite the challenges, the company achieved a significant 55.1% increase in Adjusted Funds From Operations (AFFO) to $211 million, reflecting its strategic focus on operational excellence.
Key financial metrics revealed a decrease in adjusted EBITDA by 2.4% to $326 million, with a corresponding margin decrease to 24.1%. The company successfully completed a $500 million bond offering and declared a quarterly dividend of $0.5275 per share. However, muted seasonal inventory levels prompted a downward revision of the full-year 2025 guidance for adjusted EBITDA and AFFO per share.
Looking forward, Lineage, Inc. anticipates sequential improvements in warehouse and total NOI in the latter half of the year, focusing on revenue growth and labor productivity. The management remains cautiously optimistic about leveraging operating efficiencies when the industry rebounds.