Lineage Declares $0.5275 Quarterly Dividend, Annualizing at $2.11 Per Share

Lineage, Inc. (NASDAQ: LINE), the world's largest temperature-controlled warehouse REIT, declared a quarterly dividend of $0.5275 per share, the company announced Tuesday. The dividend represents an annualized rate of $2.11 per share. Read more dividend announcements.

The Novi, Michigan-based company made the announcement alongside its full-year 2025 financial results. Record date, ex-dividend date, and payment date were not disclosed in the filing.

Full-Year 2025 Financial Performance

For the full year 2025, Lineage reported total revenue of $5.36 billion, flat compared to the prior year. The company posted a GAAP net loss of $113 million, or $0.43 per diluted common share.

Adjusted EBITDA decreased 2.3% to $1.30 billion, with the adjusted EBITDA margin falling 70 basis points to 24.2%. Adjusted funds from operations (AFFO) increased 22.7% to $865 million, while AFFO per share rose 2.4% to $3.37.

Fourth-Quarter Results

Fourth-quarter revenue declined 0.2% to $1.34 billion. The company reported GAAP net income of $6 million, or $0.03 per diluted common share, for the quarter.

Adjusted EBITDA decreased 2.4% to $327 million in the fourth quarter, with the adjusted EBITDA margin down 50 basis points to 24.5%. AFFO increased 0.5% to $214 million, while AFFO per share remained flat at $0.83.

Greg Lehmkuhl, president and chief executive officer, said utilization increased sequentially in the fourth quarter, signaling a return to normal business seasonality. He said the company maintained its focus on operational excellence, cost management, and labor productivity improvements throughout the year.