Lineage, Inc. Q4 2025 Earnings Call Summary

Management attributes the 400 basis point sequential improvement in physical occupancy to a return to normalized seasonal patterns following multi-year inventory destocking. The company has largely navigated volume guarantee adjustments, with economic occupancy now tracking closely with physical occupancy at sustainable spreads. Performance was weighed down by a 9% year-over-year decline in container volumes, driven by macro headwinds in import/export markets and shifting tariff dynamics. Strategic ...