Lineage (NASDAQ:LINE) Issues Quarterly Earnings Results
by Scott Moore · The Cerbat GemLineage (NASDAQ:LINE – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.78 EPS for the quarter, beating the consensus estimate of ($0.23) by $1.01, Zacks reports. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share.
Here are the key takeaways from Lineage’s conference call:
- Lineage reported Q1 revenue flat y/y, Adjusted EBITDA up 3.3% to $314M and AFFO of $0.78 (decline driven mainly by expired interest-rate hedges), and management maintained 2026 guidance (same-store NOI -4% to -1%, AFFO $2.75–$3.00) while saying the midpoint is increasingly attainable.
- Core operations show signs of stabilization with physical occupancy at 76.4% and economic occupancy at 82%, and same-store rent/storage/blast revenue per physical pallet up 2.2%, but throughput remains pressured by trade headwinds (container volumes down ~17% y/y), creating mixed near-term dynamics.
- Growth investment continues: Q1 growth CapEx was $130M, the company has 22 facilities under construction with $1.2B already invested and expects those projects to deliver >$150M of incremental EBITDA once stabilized.
- Management is driving efficiency gains via a program to remove $50M+ of administrative/indirect costs (about half realized in 2026, full benefit in 2027 with a ~$15M implementation cost) while scaling LinOS automation (targeting ~$110M OPEX savings over 3–5 years).
- Company is conducting a strategic portfolio review (options include asset sales and JVs) to enhance balance-sheet flexibility; adjusted net debt/transaction-adjusted EBITDA is 5.3x (reported leverage 6.0x) with a target reported range of 5.0–5.5x.
Lineage Stock Performance
Shares of LINE stock traded up $1.31 during trading hours on Wednesday, reaching $37.81. The company had a trading volume of 1,515,741 shares, compared to its average volume of 1,255,712. The business has a fifty day moving average price of $36.47 and a 200-day moving average price of $36.44. Lineage has a one year low of $31.33 and a one year high of $48.72. The firm has a market cap of $8.59 billion, a PE ratio of -87.93 and a beta of 0.61. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.80.
Lineage Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, March 31st were paid a $0.5325 dividend. This is a boost from Lineage’s previous quarterly dividend of $0.53. This represents a $2.13 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Tuesday, March 31st. Lineage’s dividend payout ratio (DPR) is presently -495.35%.
Lineage News Summary
Here are the key news stories impacting Lineage this week:
- Positive Sentiment: Management reiterated 2026 AFFO guidance of $2.75–$3.00 per share and announced a targeted cost‑savings program of $50M+. That commitment to hit full‑year AFFO and reduce costs is a clear positive for near‑term cash‑flow confidence. Lineage reiterates 2026 AFFO…
- Positive Sentiment: FFO beat consensus: Q1 FFO was $0.78 vs. Zacks consensus $0.70, and adjusted EBITDA rose 3.3% to $314M with margin improvement — signs of operating resilience even as volumes soften. Lineage, Inc. (LINE) Q1 FFO Beat Estimates
- Neutral Sentiment: Formal press release: revenue was essentially flat (+0.4% to $1,297M), GAAP net loss of $51M, AFFO declined ~8.2% to $201M — a mixed earnings picture with positive EBITDA trends but lower AFFO. Lineage, Inc. Reports First-Quarter 2026 Financial Results
- Neutral Sentiment: MarketBeat and conference materials provide full results and the slide deck — useful for investors wanting detail on geography, customer mix, and pipeline. View Press Release / Slide Deck
- Negative Sentiment: Occupancy pressures and industry oversupply: management warned the cold‑storage market is working through oversupply and warehouse occupancy trends remain soft — a demand/timeframe risk for rent growth and margin recovery. Lineage says cold storage market working through oversupply
- Negative Sentiment: Revenue slightly missed expectations and AFFO is down year‑over‑year; analysts remain cautious (Morgan Stanley maintains Hold, $39 PT) reflecting uncertainty on timing of demand recovery. Lineage (LINE) misses quarterly expectations… Adam Kramer Maintains Hold
Insider Activity at Lineage
In related news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of Lineage stock in a transaction dated Thursday, March 12th. The stock was purchased at an average cost of $37.50 per share, for a total transaction of $498,750.00. Following the completion of the purchase, the chairman directly owned 113,690 shares of the company’s stock, valued at $4,263,375. The trade was a 13.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 71.90% of the stock is owned by corporate insiders.
Institutional Trading of Lineage
A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in Lineage by 15.2% during the first quarter. Royal Bank of Canada now owns 4,956 shares of the company’s stock valued at $290,000 after buying an additional 653 shares during the period. AQR Capital Management LLC bought a new stake in Lineage during the first quarter valued at approximately $886,000. Millennium Management LLC grew its position in Lineage by 197.0% during the first quarter. Millennium Management LLC now owns 288,518 shares of the company’s stock valued at $16,916,000 after buying an additional 191,362 shares during the period. Invesco Ltd. grew its position in Lineage by 15.5% during the second quarter. Invesco Ltd. now owns 148,086 shares of the company’s stock valued at $6,445,000 after buying an additional 19,927 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Lineage by 172.4% during the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after buying an additional 362 shares during the period.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on LINE. Wells Fargo & Company lifted their price target on shares of Lineage from $32.00 to $39.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Truist Financial lifted their price target on shares of Lineage from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Wall Street Zen cut shares of Lineage from a “hold” rating to a “sell” rating in a research report on Sunday. The Goldman Sachs Group lifted their price target on shares of Lineage from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Citigroup lifted their price target on shares of Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lineage currently has an average rating of “Reduce” and an average price target of $43.06.
Read Our Latest Analysis on LINE
Lineage Company Profile
Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.
Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.