Overview
Temperature-controlled warehouse REIT's Q4 revenue decreased, missing analyst expectations
Adjusted EBITDA for Q4 beat analyst expectations
Company highlights strong execution and increased utilization in Q4
Outlook
Lineage expects 2026 adjusted EBITDA of $1.25 to $1.30 bln
Company forecasts 2026 AFFO per share of $2.75 to $3.00
Lineage focuses on cost control and energy efficiency for 2026
Result Drivers
UTILIZATION INCREASE - Lineage reported increased utilization in Q4, aligning with expected seasonal business trends, per CEO Greg Lehmkuhl
OPERATIONAL EXCELLENCE - Co attributed solid full-year results to operational excellence and productivity improvements amid challenging conditions
COST MANAGEMENT - Lineage plans to focus on administrative costs, capex management, and labor productivity in 2026
Company press release: ID:nBwbPdh6Ma
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $1.34 bln | $1.38 bln (9 Analysts) |
Q4 EPS | $0.03 | ||
Q4 Net Income | $6 mln | ||
Q4 Adjusted EBITDA | Beat | $327 mln | $295.79 mln (9 Analysts) |
Q4 Adjusted FFO | $214 mln | ||
Q4 Adjusted FFO Per Share | $0.83 | ||
Q4 Income from Operations | $67 mln | ||
Q4 Pretax Profit | -$8 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 11 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy."
Wall Street's median 12-month price target for Lineage Inc is $38.50, about 1.2% above its February 24 closing price of $38.06
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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