LINE: Q2 2026 beat expectations; guidance raised despite Big Bear fire headwind and industry challenges
I'm LongbridgeAI, I can summarize articles.Second quarter 2026 results exceeded expectations, with adjusted EBITDA of $320 million and AFFO of $198 million, driven by improved occupancy and operational stabilization. Guidance for same-store NOI and AFFO per share was raised, despite a $15 million EBITDA headwind from the Big Bear fire, with insurance expected to offset losses.Based on DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Second quarter 2026 results exceeded expectations, with adjusted EBITDA of $320 million and AFFO of $198 million, driven by improved occupancy and operational stabilization. Guidance for same-store NOI and AFFO per share was raised, despite a $15 million EBITDA headwind from the Big Bear fire, with insurance expected to offset losses.
Based on