LINE

Lineage, Inc. completed its initial public offering (IPO) in July 2024. In the past six months, the company's stock price has experienced fluctuations, decreasing by 9.83% in the past month and 7.25% over the last three months as of September 2026. Over the last 12 months, the stock's price decreased by 7.13%, although its year-to-date return was 7.20%. In August 2026, Lineage reported a net loss of $32 million for the second quarter, despite slightly higher consolidated net revenue year-over-year. The company narrowed its full-year adjusted EBITDA guidance range and raised its adjusted funds from operations (AFFO) guidance. A fire at a California facility is expected to result in a $15 million EBITDA headwind. Lineage has been addressing a supply overhang in the cold storage market, estimating it to be 10% overbuilt, leading to the idling of 15 facilities totaling 2.5 million square feet. Despite these challenges, Lineage expects normal seasonal demand patterns and anticipates 1%-2% net pricing increases in its warehousing segment for 2026.