Lineage (NASDAQ:LINE) Posts Earnings Results, Misses Expectations By $0.70 EPS

Lineage (NASDAQ:LINE) posted its quarterly earnings data on Wednesday. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70), FiscalAI reports. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.30%.The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business earned $0.83 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year.

Here are the key takeaways from Lineage’s conference call:

• Company reports signs of normalization — same-store physical occupancy rose 400 bps sequential to 79.3%, and management says seasonality has returned with expected 1–2% net pricing in warehousing for 2026.
• 2026 guidance reflects continued near-term pressure with same-store NOI growth of -4% to -1%, adjusted EBITDA of $1.25B–$1.30B, and AFFO per share of $2.75–$3.00.
• Management is accelerating productivity and cost actions, targeting more than $50M of annualized admin/indirect savings by end-2026 and citing LinOS and other initiatives to help deliver up to $110M run-rate savings over 3–5 years.
• Development and portfolio strategy could drive upside — 24 facilities under construction (over $1B invested) expected to add >$150M incremental EBITDA when stabilized, and management is actively evaluating asset monetizations (e.g., Santa Maria sale at mid-6% cap) to redeploy capital.
• Balance sheet update — total net debt $7.7B, liquidity $1.9B, net debt/adjusted EBITDA ~6.0x (5.2x on transaction-adjusted basis); recent EUR 700M bond and swaps aim to manage funding and interest-rate profile.

Lineage Stock Performance

NASDAQ LINE traded down $0.16 on Thursday, reaching $40.30. 352,436 shares of the company’s stock traded hands, compared to its average volume of 1,531,377. Lineage has a fifty-two week low of $32.46 and a fifty-two week high of $62.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 0.99. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of -51.15 and a beta of -0.19. The stock has a 50 day moving average price of $36.42 and a 200-day moving average price of $37.83.

Lineage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, December 31st were given a dividend of $0.5275 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 5.2%. Lineage’s payout ratio is currently -267.09%.

Lineage News Summary

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: Quarterly FFO beat consensus — FFO came in at $0.83 vs. the Zacks consensus $0.73, matching last year’s FFO and indicating resilient operating cash flow. Lineage, Inc. (LINE) Beats Q4 FFO Estimates
• Positive Sentiment: AFFO edged higher year-over-year — AFFO rose ~0.5%, supporting the REIT’s cash available for distributions and signaling underlying REIT fundamentals remain intact. Lineage, Inc. Reports Full-Year 2025 Financial Results and Initiates 2026 Guidance
• Neutral Sentiment: Analyst target sits near $42 — the average analyst target (~$42.06) implies modest upside from recent levels but is close enough to current trading to limit near-term re-rating potential. Lineage, Inc. (NASDAQ:LINE) Receives $42.06 Average Target Price from Analysts
• Neutral Sentiment: Full earnings materials and call transcript available — the earnings slide deck and call transcript provide detail on segment performance, leases and capex that investors will parse for forward indicators. Lineage, Inc. (LINE) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Large GAAP EPS miss and slight revenue shortfall — GAAP EPS was $0.03 vs. the consensus $0.73 and total revenue missed estimates (~$1.336B vs. ~$1.38B), reflecting one-time items/adjustments that pressured reported earnings. Lineage earnings summary (MarketBeat)
• Negative Sentiment: Adjusted EBITDA and margins slipped; outlook created near-term uncertainty — adjusted EBITDA fell ~2.4% and margins compressed (~50 bps), and company guidance / commentary on 2026 prompted selling pressure. Lineage reports mixed Q4 results, shares slip on 2026 outlook

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Scotiabank boosted their price target on Lineage from $37.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Friday, January 9th. Barclays reiterated a “positive” rating on shares of Lineage in a research note on Wednesday, February 4th. Evercore cut their price target on shares of Lineage from $44.00 to $38.00 and set an “in-line” rating on the stock in a research note on Monday, November 10th. Robert W. Baird reiterated a “neutral” rating and set a $39.00 price objective (down from $45.00) on shares of Lineage in a research note on Thursday, December 18th. Finally, Zacks Research downgraded Lineage from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $42.06.

Hedge Funds Weigh In On Lineage

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Lineage by 172.4% during the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after acquiring an additional 362 shares during the period. Caitlin John LLC lifted its holdings in Lineage by 88.4% in the fourth quarter. Caitlin John LLC now owns 1,507 shares of the company’s stock valued at $53,000 after acquiring an additional 707 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Lineage in the 3rd quarter worth approximately $70,000. Parallel Advisors LLC grew its stake in shares of Lineage by 70.2% during the 3rd quarter. Parallel Advisors LLC now owns 1,923 shares of the company’s stock worth $74,000 after purchasing an additional 793 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Lineage by 69.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,427 shares of the company’s stock worth $149,000 after purchasing an additional 1,401 shares during the period.

About Lineage

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.