Lineage Q1 revenue misses estimates, adjusted EBITDA beats
Lineage, Inc. LINE | 0.00 |
Overview
US temperature-controlled warehouse REIT's Q1 revenue rose 0.4% but missed analyst expectations
Adjusted EBITDA for Q1 grew 3.3% and beat analyst estimates
Company raised annualized dividend rate by 1% and maintained full-year 2026 guidance
Outlook
Lineage expects full-year 2026 adjusted EBITDA of $1.25 to $1.30 bln
Company forecasts 2026 AFFO per share of $2.75 to $3.00
Company says supply chain conditions remain challenging due to tariff uncertainty and geopolitical disruptions
Result Drivers
SEASONAL TRENDS - Co said core business trends aligned with typical seasonal patterns, reinforcing industry stabilization
SUPPLY CHAIN CHALLENGES - Co cited ongoing supply chain disruptions, tariff uncertainty, and geopolitical issues as operating challenges
COST CONTROLS - Co said it leveraged network flexibility to adjust to shifting customer needs and control costs
Company press release: ID:nBw4b4WSSa
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Revenue |
Miss |
$1.30 bln |
$1.32 bln (8 Analysts) |
Q1 EPS |
|
-$0.18 |
|
Q1 Net Income |
|
-$51 mln |
|
Q1 Adjusted EBITDA |
Beat |
$314 mln |
$277.11 mln (10 Analysts) |
Q1 Adjusted FFO |
|
$201 mln |
|
Q1 Adjusted FFO Per Share |
|
$0.78 |
|
Q1 Income from Operations |
|
$36 mln |
|
Q1 Pretax Profit |
|
-$47 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 4 "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 $39.50, about 8.2% above its May 5 closing price of $36.50
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.