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Lineage, Inc. (LINE)
NASDAQ:LINE
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.21Last Year’s EPS
0.01Same Quarter Last Year
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call communicated a mix of stabilizing operational signs and meaningful tactical progress (AFFO beat, tax savings, occupancy stabilization, strong GIS growth, active development pipeline and asset monetizations) alongside persistent near-term headwinds in core warehousing (same-store NOI declines, lower throughput and container volumes, elevated industry supply in select markets) and conservative 2026 guidance. Management emphasized cost savings, portfolio optimization, and capital deployment flexibility to navigate the environment and position the company for medium-term upside.Company Guidance
AFFO and Cash Generation Beat
Q4 total AFFO of $214,000,000 and AFFO per share of $0.83 were flat year-over-year and ahead of expectations; full year AFFO per share increased 2.4% to $3.37. Q4 outperformance driven by better maintenance CapEx management and cash tax planning.
Adjusted EBITDA and AFFO Largely In Line
Q4 adjusted EBITDA declined 2% to $327,000,000 and full-year adjusted EBITDA declined 2.3% to $1,300,000,000, both within previously provided guidance ranges.
Occupancy Stabilization and Sequential Improvement
Same-store physical occupancy improved sequentially by 400 basis points to 79.3%; 2025 average physical occupancy reported at ~75% and year-over-year physical occupancy was down only ~50 basis points, indicating stabilization and return to normal seasonality.
Revenue per Pallet Growth
Rent and storage revenue per physical pallet grew ~1.7% year-over-year on a same-store basis and over 3% for the total warehouse segment, demonstrating pricing recovery despite macro headwinds.
Strong GIS (Global Integrated Solutions) Performance
GIS segment: Q4 NOI growth of 15%; GIS delivered nearly 10% year-over-year growth for 2025. Q4 GIS EBITDA grew 15% to $61,000,000 and full-year GIS EBITDA up 9% to $251,000,000; GIS NOI margin improved 470 basis points to 19.5%.
Active Growth Capital Deployment and Development Pipeline
Invested $170,000,000 of growth capital in the quarter; 24 facilities under construction or ramping representing over $1,000,000,000 of previously invested capital. Company expects these projects to meaningfully contribute to future earnings once stabilized.
Tax and Cost Savings Initiatives
Current tax expense for AFFO came in at $15,000,000 vs prior guidance of $30–35M, producing a Q4 tax beat of approximately $18,000,000 (~$0.07 per share), with about half expected to be sustainable. Management accelerated admin and indirect cost reduction program with line-of-sight to $50,000,000 of annualized savings by year-end 2026 (and referenced a longer-term ~$100,000,000 run-rate opportunity).
Balance Sheet & Capital Markets Execution
Ended quarter with total net debt of $7.7B and total liquidity of $1.9B. Issued $700,000,000 seven-year Eurobonds at 4.125% and executed a $1.25B floating-to-fixed forward swap at 3.15% through Feb 2028. Net debt to adjusted EBITDA at 6.0x and adjusted net debt to transaction-adjusted EBITDA at 5.2x under supplemental metric.
Noncore Asset Monetization
Sold a noncore Santa Maria, CA asset for $60,000,000 at a mid-6% cap rate; management highlighted private market cap-rate strength and intent to pursue portfolio optimization and monetization opportunities.
LINE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LINE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $38.06 | $40.45 | +6.28% |
Nov 05, 2025 | $37.73 | $37.88 | +0.40% |
Aug 06, 2025 | $43.84 | $44.08 | +0.55% |
Apr 30, 2025 | $55.06 | $47.01 | -14.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lineage, Inc. (LINE) report earnings?
Lineage, Inc. (LINE) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
What is Lineage, Inc. (LINE) earnings time?
Lineage, Inc. (LINE) earnings time is at May 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LINE EPS forecast?
LINE EPS forecast for the fiscal quarter 2026 (Q1) is -0.21.