Lineage, Inc. (LINE) reported adjusted funds from operations (AFFO) of $3.22 per share over the four quarters to June 30, 2026. AFFO deducts the recurring capital spending a REIT needs to keep its properties leased, so it is the closest read on the cash that pays the dividend.
Why does Lineage, Inc. report FFO instead of just net income?
Funds from operations (FFO) is net income with real estate depreciation added back and gains or losses on property sales removed, as defined by Nareit, the REIT industry body. Buildings are depreciated on the books while they often hold or gain value, so net income understates a REIT's recurring earnings. That is why Lineage, Inc. reports FFO in each quarterly earnings release, and why investors value REITs on FFO rather than EPS.
Is LINE's dividend covered by FFO?
The FFO and AFFO payout ratios on LINE's Dividend tab divide the dividends it declared by the FFO and AFFO per share it reported, by year and over the trailing twelve months. Under 100% means the reported figure covered the dividend; REITs typically pay out 70 to 90% of FFO, and the latest quarter on file is Q2 2026.
