Lineage, Inc. (LINE): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Lineage Inc. (LINE) reported mixed Q2 2026 results: revenue up 0.8% to $1.36B, GAAP net loss of $32M. Occupancy rose 90 bps YoY, but adjusted EBITDA fell 1.8% to $320M. Management raised full-year guidance, targeting adjusted EBITDA of $1.26B-$1.29B and AFFO per share of $2.80-$3.05. Dividend declared at $0.5325 per share.

Lineage (LINE) reported Q2 2026 adjusted EBITDA of $320 million, down 1.8% due to a $7 million legal settlement and transportation margin pressure. Total revenue rose 0.8% to $1.361 billion. AFFO was $198 million or $0.76 per share, down 6.2%. Management raised same-store NOI guidance and AFFO per share guidance, and said it targets leverage reduction via divestitures.

South Coast AQMD’s hearing board approved a modified abatement order against Lineage Logistics for its burned Boyle Heights cold storage warehouse after nearly 4,000 odor complaints. The order adds odor-control, monitoring, disinfecting within seven days after food removal, and bilingual outreach. Cleanup follows a June 17 fire; Lineage expects $80m-$100m cleanup.

Lineage, Inc. reported Q2 2026 earnings call updates. Management said same-store physical occupancy rose 90 bps YoY and raised full-year same-store NOI guidance to -3% to 0%. LinOS rollout targets 20 conventional buildings by year-end. Leverage target is 5.0x to 5.5x. A Big Bear fire is expected to reduce adjusted EBITDA by $15M in 2H26; GIS NOI outlook cut to -4% to -2%.

South Coast AQMD approved an order of abatement for Lineage Logistics after Boyle Heights residents reported odor from a June fire at its cold storage warehouse. The order increases potential fines up to $70,000 per violation. Lineage agreed to a two-week cleanup timeline, says 80% is done, and must meet 90 odor-emission conditions, with monitoring and added community communication requirements.

South Coast AQMD hearing board ordered Lineage Logistics to tighten odor controls, expand air monitoring, and improve resident communications tied to a June Boyle Heights warehouse fire. The order requires daily removal of 10% (about 8.8M pounds) of stored food waste and additional monitoring farther from the site. No fines were imposed. Lineage said cleanup and remediation will cost $80M to $100M.