Lineage reports Q3 results with revenue dip, lower earnings and revised full-year guidance
Lineage Inc. posted third‑quarter 2026 revenue of $1.36 billion, a 1.2% year‑over‑year decline, while adjusted EBITDA fell 7% to $317 million. Adjusted funds from operations were $0.73 per share and occupancy rose to 76.2%. The company cut its full‑year EBITDA outlook to $1.25 billion‑$1.27 billion and now expects same‑store NOI to decline 3%‑2% for the year. Management cited trade‑related container volume drops, higher carrier costs and a $20 million impact from the Big Bear solar fire.
Why it matters
The lowered full‑year EBITDA and NOI guidance signal weaker profitability, which could pressure LINE’s share price and affect investors’ valuation models. The company also highlighted plans to use asset‑sale proceeds to reduce leverage, indicating a focus on balance‑sheet improvement.
Key facts
- 1Q3 2026 revenue was $1.36 billion, down 1.2% year‑over‑year. investing.com
- 2Adjusted EBITDA for the quarter was $317 million, a 7% decline from the prior year. investing.com
- 3Adjusted funds from operations (AFFO) per share were $0.73. investing.com
- 4Occupancy improved to 76.2% year‑over‑year. investing.com
- 5Full‑year EBITDA guidance was revised to a range of $1.25 billion‑$1.27 billion. finance.yahoo.com
- 6Same‑store NOI is now expected to decline 3% to 2% for the full year. finance.yahoo.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.