Inferra AIResearch Tools

Inferra AI / Company / LINE

Lineage, Inc.

LINE · Real Estate

Last earnings Aug 5, 2026

Key results

Total revenuequarter

0.9%

Total revenue increased 0.9% to $1,350 million GAAP net loss of $(7) million, or $(0.03) per diluted common share Adjusted EBITDA decreased (2.4)% to $326 million adjusted EBITDA margin decreased (90)bps to 24.1% AFFO increased 55.1% to $211 million AFFO per share increased 8.0% to $0.81 Completed inaugural $500 millio

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Lease revenuequarter

0%

0% Contracts with Minimum Storage Guaranteed & Lease Revenue (as % of Rent and Storage Revenue) HISTORICAL SAME WAREHOUSE NOI GROWTH AS REPORTED Global Warehouse Segment 291.

SEC original ↗Lineage, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

AI analysis

Q2 2025 · reported Aug 6, 2025

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

Headline figures

MetricQ2 2025Prior qtrYear ago
Total revenue0.9%——
Lease revenue0%——

EX-99 · Aug 6, 2025

Guidance · company-stated

Company outlook

“Initiating Third-Quarter and Updating Full-Year 2025 Guidance Lineage now expects full-year 2025 adjusted EBITDA of $1.29 to $1.34 billion (versus prior guidance of $1.35 to $1.40 billion) and Adjusted FFO ( AFFO ) per share of $3.20 to $3.40 (versus prior guidance of $3.40 to $3.60).”

Primary outlook statements conflict; no label forced — evidence preserved.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Total revenue0.9%
Dividend$326M

Second-Quarter 2025 Financial Highlights Total revenue increased 0.9% to $1,350 million GAAP net loss of $(7) million, or $(0.03) per diluted common share Adjusted EBITDA decreased (2.4)% to $326 million adjusted EBITDA margin decreased (90)bps to 24.1% AFFO increased 55.1% to $211 million AFFO per share increased 8.0% to $0.81 Completed inaugural $500 million investment grade bond offering of 5-year unsecured notes with a 5.25% coupon Declared quarterly dividend of $0.5275 per share, representing annualized dividend rate of $2.11 per share We delivered second-quarter results in line with our expectations, said Greg Lehmkuhl, president and chief executive officer of Lineage.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Reports Second-Quarter 2025 Financial Results

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Company outlook: “Initiating Third-Quarter and Updating Full-Year 2025 Guidance Lineage now expects full-year 2025 adjusted EBITDA of $1.29 to $1.34 billion (versus prior guidance of $1.35 to $1.40 billion) and Adjusted FFO ( AFFO ) per share of $3.20 to $3.40 (versus prior guidance of $3.40 to $3.60).”

Company outlook — Lowered (“lowering”)
“We saw muted seasonal inventory levels late in the second quarter and early into the third and are therefore lowering our outlook for the year.”

Company outlook — Initiated (“Initiating”)
“Initiating Third-Quarter and Updating Full-Year 2025 Guidance Lineage now expects full-year 2025 adjusted EBITDA of $1.29 to $1.34 billion (versus prior guidance of $1.35 to $1.40 billion) and Adjusted FFO ( AFFO ) per share of $3.20 to $3.40 (versus prior guidance of $3.40 to $3.60).”

Primary outlook statements conflict; no label forced — evidence preserved.

Capital allocation

Second-Quarter 2025 Financial Highlights Total revenue increased 0.9% to $1,350 million GAAP net loss of $(7) million, or $(0.03) per diluted common share Adjusted EBITDA decreased (2.4)% to $326 million adjusted EBITDA margin decreased (90)bps to 24.1% AFFO increased 55.1% to $211 million AFFO per share increased 8.0% to $0.81 Completed inaugural $500 million investment grade bond offering of 5-year unsecured notes with a 5.25% coupon Declared quarterly dividend of $0.5275 per share, representing annualized dividend rate of $2.11 per share We delivered second-quarter results in line with our expectations, said Greg Lehmkuhl, president and chief executive officer of Lineage.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Such statements include, but are not limited to statements about Lineage s plans, strategies, initiatives, and prospects and statements about its future results of operations, capital expenditures and liquidity.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Capital Expenditures Maintenance Capital Expenditures The following table sets forth our recurring maintenance capital expenditures.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

We also calculate our Adjusted EBITDA as EBITDAre further adjusted for the effects of gain or loss on the sale of non-real estate assets, gain or loss on the destruction of property (net of insurance proceeds), other nonoperating income or expense, acquisition, restructuring, and other expense, foreign currency exchange gain or loss, stock-based compensation expense and related employer-paid payroll taxes from grants under our equity incentive plans, loss or gain on debt extinguishment and modification, impairment of investments in non-real estate, technology transformation, and reduction in EBITDAre from partially owned entities.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

We calculate core funds from operations, or Core FFO, as FFO adjusted for the effects of gain or loss on the sale of non-real estate assets, gain or loss on the destruction of property (net of insurance proceeds), finance lease ROU asset amortization real estate, non-real estate impairments, acquisition, restructuring and other, other nonoperating income or expense, loss on debt extinguishment and modifications and the effects of gain or loss on foreign currency exchange.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

However, because FFO and Core FFO add back real estate depreciation and amortization and do not capture the level of recurring maintenance capital expenditures necessary to maintain the operating performance of our properties, both of which have material economic impacts on our results from operations, we believe the utility of FFO and Core FFO as a measure of our performance may be limited.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Strategy & priorities

We achieved AFFO per share growth driven by our continued focus on serving our customers and operational excellence while navigating a challenging period for our industry.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

(NASDAQ LINE) is the world s largest global temperature-controlled warehouse REIT with a network of over 485 strategically located facilities totaling approximately 88 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Such forward-looking statements generally can be identified by the use of forward-looking terminology such as may, will, can, intend, anticipate, estimate, believe, continue, possible, initiatives, measures, poised, focus, seek, objective, goal, vision, drive, opportunity, target, strategy, expect, plan, potential, potentially, preparing, projected, future, tomorrow, long-term, should, could, would, might, help, aimed , or other similar words.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Such statements include, but are not limited to statements about Lineage s plans, strategies, initiatives, and prospects and statements about its future results of operations, capital expenditures and liquidity.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Lineage believes that in addition to using GAAP results, non-GAAP financial measures can provide meaningful insight in evaluating the Lineage's financial performance and the effectiveness of its business strategies.

SEC original ↗Lineage, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Risks & headwinds

These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which Lineage operates, and beliefs of, and assumptions made by, the Company and involve uncertainties that could significantly affect Lineage s financial results.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

federal income tax purposes changes in local, state, federal, and international laws and regulations, including related to taxation, tariffs, real estate and zoning laws, and increases in real property tax rates the impact of any financial, accounting, legal, tax or regulatory issues or litigation that may affect us, and any other risks discussed in the Company s filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Should one of more of the risks or uncertainties described above occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

While the forward-looking statements are considered reasonable by the Company, they are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Company and cannot be predicted with accuracy and may not be realized.

SEC original ↗Lineage, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

federal income tax purposes; changes in local, state, federal, and international laws and regulations, including related to taxation, tariffs, real estate and zoning laws, and increases in real property tax rates; the impact of any financial, accounting, legal, tax or regulatory issues or litigation that may affect us, and any other risks discussed in the Company s filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024.

SEC original ↗Lineage, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Such data involves risk and uncertainties and are subject to change based on various factors.

SEC original ↗Lineage, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Documents

Earnings deck slides

0 decks with slide view

Lineage, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Lineage, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Lineage, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Lineage, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Lineage, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Lineage, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Lineage, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Lineage, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Lineage, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

KE Holdings (BEKE) Real EstateInvitation Homes (INVH) Real EstateEquinix (EQIX) Real EstateAlexandria Real Estate Equities (ARE) Real EstateIron Mountain (IRM) Real EstateVici Properties (VICI) Real EstateMid-America Apartment Communities (MAA) Real EstateVivmark Residential (VMRK) Real Estate

Filings

36 documents

Earnings releases

12 documents

Presentations

9 documents

Transcripts

0 documents

No transcripts for Lineage, Inc. are held in this edition of the library.

Mentioned by

26 companies

Other tracked companies whose held documents mention Lineage, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.