Recent Updates — LINE

Lineage, Inc. announced that director James Wyper resigned from the Board effective September 22, 2026, citing no disagreements with company operations. The Board appointed Paul Beiboer to fill the vacancy effective September 23, 2026, assigning him to the Talent and Compensation Committee. Beiboer brings over three decades of leadership experience in financial services and agriculture, including former CEO roles at Rabobank's North American and European operations. Additionally, Sudarsan Thattai transitioned his Chief Transformation Officer responsibilities to other management members effective September 28, 2026, while remaining as a Special Adviser through April 2, 2027, under a Transition Agreement maintaining his prior compensation structure. Lineage operates as the world's largest global temperature-controlled warehouse REIT.

Lineage, Inc. reported second-quarter 2026 financial results on August 5, 2026. Total revenue increased 0.8% to $1,361 million, while GAAP net loss was $(32) million, or $(0.13) per diluted share. Adjusted EBITDA decreased 1.8% to $320 million and AFFO fell 6.2% to $198 million ($0.76 per share). The company declared a quarterly dividend of $0.5325 per share. Lineage updated its full-year 2026 guidance, raising the midpoint for adjusted EBITDA to $1.26–$1.29 billion and AFFO per share to $2.80–$3.05. The results reflect a fire at the Big Bear facility and stabilizing inventory levels across its global network. Lineage operates as the world’s largest global temperature-controlled warehouse REIT.