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Lineage, Inc. (LINE) 10-Year Financial Performance & Capital Metrics

LINE • • REIT / Real Estate
Real EstateIndustrial REITsSpecialized Industrial REITsTemperature-Controlled Storage
AboutLineage, Inc. engages in the provision of temperature-controlled warehouse real estate investment trust (REIT). It operates through the Global Warehousing and Global Integrated Solutions segments. The Global Warehousing segment composes of industrial real estate properties to provide temperature-controlled warehousing services to its customers. The Global Integrated Solutions segment consists of specialized cold-chain services. The company was founded in 2008 and is headquartered in Novi, MI.Show more
  • Revenue $5.34B
  • FFO $212M -69.0%
  • FFO/Share 1.11 -65.8%
  • FFO Payout 110.38% +1538.9%
  • FFO per Share 1.11 -65.8%
  • NOI Margin 33% +0.6%
  • FFO Margin 3.97% -68.9%
  • ROE -8.45% -565.5%
  • ROA -3.54% -759.9%
  • Debt/Assets 36.86% -37.0%
  • Net Debt/EBITDA 5.42 -82.1%
  • Book Value/Share 50.75 +77.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Healthy dividend yield of 3.4%
  • ✓Share count reduced 9.1% through buybacks
  • ✓Trading at only 0.7x book value

✗Weaknesses

  • ✗Dividend exceeds FFO - may not be sustainable
  • ✗Low NOI margin of 33.0%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.65%
5Y45.22%
3Y12.99%
TTM0.44%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM82.37%

EPS CAGR

10Y-
5Y-
3Y-
TTM83.68%

ROCE

10Y Avg-2.39%
5Y Avg1.63%
3Y Avg-0.67%
Latest2.08%

Peer Comparison

Temperature-Controlled Storage
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
LINELineage, Inc.8.32B36.46-9.85-0.04%-3.3%-1.89%0.14%0.71
COLDAmericold Realty Trust, Inc.3.82B13.42-40.67-0.25%-2.39%-2.03%2.68%1.11

Profit & Loss

Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+2.33B4.98B2.88B917.71M826.68M517.82M3.7B4.93B5.34B5.34B
Revenue Growth %0.31%1.14%-0.42%-0.68%-0.1%-0.37%6.15%0.33%0.08%-0%
Property Operating Expenses0000002.57B3.47B3.59B3.58B
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+651.94M1.22B924.12M558.97M329.13M104.18M1.04B1.75B2.15B1.4B
G&A Expenses236.27M293.07M296.89M237.84M117.55M60.87M289.3M399M502M539M
EBITDA+159.48M677.46M-3.93B43.09M879.04M386.27M691.4M381M362M1.24B
EBITDA Margin %----------
Depreciation & Amortization+850.82M1.12B840.5M417.59M137.42M161.72M603.7M678M760M876M
D&A / Revenue %----------
Operating Income+-691.34M-447.37M-4.77B-374.5M741.61M224.54M87.7M-297M-398M361M
Operating Margin %----------
Interest Expense+421.14M587.84M546.45M192.86M12.36M8.35M235M388.1M588M539M
Interest Coverage-1.64x-0.76x-8.72x-1.94x60.00x26.88x0.37x-0.77x-0.68x0.67x
Non-Operating Income00000058.5M-595M-876M690M
Pretax Income+-691.34M-447.37M-4.77B-374.5M741.61M216.19M-205.8M-70M-110M-840M
Pretax Margin %----------
Income Tax+-2.2M4.44M-6.46M11.19M388.94M356.9M-29.3M6M-14M-89M
Effective Tax Rate %----------
Net Income+-691.34M-451.81M-4.76B-2.17B432.86M-140.67M-153.3M-63M-77M-664M
Net Margin %----------
Net Income Growth %-0.79%0.35%-9.54%0.54%1.2%-1.32%-0.09%0.59%-0.22%-7.62%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %-0.35%3.22%-6.82%0.55%1.33%-0.96%20.39%0.37%0.11%-0.69%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+-2.91-1.37-13.86-6.161.72-0.92-0.73-0.30-0.37-3.70
EPS Growth %-0.53%0.53%-9.12%0.56%1.28%-1.53%0.21%0.59%-0.23%-9%
EPS (Basic)-2.91-1.37-13.86-6.161.72-0.92-0.73-0.30-0.37-3.70
Diluted Shares Outstanding237.54M328.92M343.32M352.65M252.39M152.23M210.8M210.8M210.2M191M

Balance Sheet

Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+16.5B16.42B9.98B4.66B2.88B2.75B16.42B18.56B18.87B18.66B
Asset Growth %0.44%-0%-0.39%-0.53%-0.38%-0.05%4.97%0.13%0.02%-0.01%
Real Estate & Other Assets+663.1M667.08M827.47M419.52M923.97M7.66M175.8M371.7M290M279M
PP&E (Net)14.34B13.2B7.02B3.23B900.46M2.4B10.79B12.07B12.54B12.51B
Investment Securities1000K1000K1000K0469K1000K1000K1000K1000K1000K
Total Current Assets+815.94M1.71B1.56B1B857.8M323.31M1.24B1.4B1.26B1.28B
Cash & Equivalents52.17M1.81M2.17M694.86M464.51M6.88M209.1M170.6M68M173M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets99.44M155.96M119.92M107.61M243.18M178.69M49.3M52.7M42M41M
Intangible Assets0000001.3B1.33B1.28B1.13B
Total Liabilities10.61B11.88B10.25B7.06B548.54M1.25B11.14B12.45B12.85B8.97B
Total Debt+3.23B500M9.04B2.23B253.97M1.03B9.6B10.69B11.05B6.88B
Net Debt3.18B498.19M9.04B1.54B-210.53M1.02B9.4B10.52B10.98B6.71B
Long-Term Debt500M500M5.33B295.08M253.97M514.64M7.57B8.7B8.96B4.91B
Short-Term Borrowings1000K01000K1000K1000K1000K1000K1000K1000K1000K
Capital Lease Obligations0000002.02B1.96B2.07B1.92B
Total Current Liabilities+1.25B982.54M4.29B2.34B366M365.47M1.05B1.22B1.36B1.49B
Accounts Payable849.62M814.81M455.37M295.08M253.97M49.75M812.4M1.08B1.14B1.22B
Deferred Revenue0035M16.81M198.42M067.2M91.8M94M83M
Other Liabilities8.85B10.38B612.58M104.53M-93.25M902K125.3M163.3M89M348M
Total Equity+5.89B4.54B-268.9M-2.4B2.33B1.5B5.28B6.11B6.02B9.69B
Equity Growth %0.33%-0.23%-1.06%-7.91%1.97%-0.36%2.53%0.16%-0.01%0.61%
Shareholders Equity5.89B4.54B-268.9M-2.4B2.33B1.5B4.34B5.17B5.05B8.64B
Minority Interest000000937.1M938.7M971M1.06B
Common Stock6.29B5.4B0084K153K1.5M1.6M2M2M
Additional Paid-in Capital0000005B5.92B5.96B10.76B
Retained Earnings-400.4M-852.21M-5.61B-7.78B432.86M-151.52M-667M-712.8M-879M-1.85B
Preferred Stock000000600K600K1M0
Return on Assets (ROA)-0.05%-0.03%-0.36%-0.3%0.11%-0.05%-0.02%-0%-0%-0.04%
Return on Equity (ROE)-0.13%-0.09%-2.23%-0.19%-0.07%-0.05%-0.01%-0.01%-0.08%
Debt / Assets0.2%0.03%0.91%0.48%0.09%0.37%0.59%0.58%0.59%0.37%
Debt / Equity0.55x0.11x--0.11x0.69x1.82x1.75x1.83x0.71x
Net Debt / EBITDA19.95x0.74x-35.69x-0.24x2.65x13.59x27.61x30.33x5.42x
Book Value per Share24.8013.81-0.78-6.809.249.8225.0328.9628.6550.75

Cash Flow

Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+1.17B1.71B1.25B880.51M281.16M268.3M329.9M501M796M703M
Operating CF Growth %2.32%0.47%-0.27%-0.3%-0.68%-0.05%0.23%0.52%0.59%-0.12%
Operating CF / Revenue %----------
Net Income-691.34M-451.81M-4.76B-2.17B432.86M-140.67M-176.5M-76M-96M-751M
Depreciation & Amortization850.82M1.12B840.5M417.59M137.42M161.72M603.7M678M760M876M
Stock-Based Compensation42.7M53.28M56.14M44.22M41.28M11.03M14.6M17M26M215M
Other Non-Cash Items1.39B-171.31M8.58B1.21B-1.78B413.31M77.4M49M62M523M
Working Capital Changes-425.09M1.16B-3.46B1.39B1.83B-533.96M-120.3M-125M102M-55M
Cash from Investing+-1.25B-1.92B-307.3M-235.84M1.24B-689.09M-3.41B-2.37B-1.07B-919M
Acquisitions (Net)-279.21M-2.48B0000-2.41B-1.55B-283M-343M
Purchase of Investments0000-198.29M00000
Sale of Investments0000000000
Other Investing-881.75M633.69M-240.59M-190.41M1.53B-685.86M-310.3M-9M-17M115M
Cash from Financing+138.03M157.85M-941.8M48.02M-1.11B426.21M3.03B1.84B136M320M
Dividends Paid000000-148.4M-180M-46M-234M
Common Dividends000000-148.4M-180M-46M-234M
Debt Issuance (Net)0000001000K1000K1000K-1000K
Share Repurchases-52.17M-1.81M-2.17M-694.86M-198.29M-6.88M-39.6M-8M-30M-102M
Other Financing138.03M157.85M-941.8M48.02M-1.11B426.21M-106.7M-70M-49M-192M
Net Change in Cash+50.93M-50.36M359K692.69M410.15M5.41M-63.2M-38M-131M104M
Exchange Rate Effect000000-1000K-1000K1000K0
Cash at Beginning1.24M52.17M1.81M2.17M54.35M1.47M303.3M240M202M71M
Cash at End52.17M1.81M2.17M694.86M464.51M6.88M240.1M202M71M175M
Free Cash Flow+1.07B1.64B1.18B835.08M192.57M265.06M-359.2M-312M30M12M
FCF Growth %2.7%0.52%-0.28%-0.29%-0.77%0.38%-2.36%0.13%1.1%-0.6%
FCF / Revenue %----------

Key Ratios

Metric2013201420152016201720182021202220232024
FFO per Share0.672.05-11.42-4.972.260.142.142.923.251.11
FFO Payout Ratio0%0%0%0%0%0%32.95%29.27%6.73%110.38%
NOI Margin100%100%100%100%100%100%30.54%29.53%32.8%33%
Net Debt / EBITDA19.95x0.74x-35.69x-0.24x2.65x13.59x27.61x30.33x5.42x
Debt / Assets19.59%3.04%90.66%47.91%8.82%37.44%58.5%57.6%58.55%36.86%
Interest Coverage-1.64x-0.76x-8.72x-1.94x60.00x26.88x0.37x-0.77x-0.68x0.67x
Book Value / Share24.813.81-0.78-6.89.249.8225.0328.9628.6550.75
Revenue Growth31.42%113.72%-42.14%-68.17%-9.92%-37.36%614.92%33.12%8.4%-0.04%

Revenue by Geography

2024
North America3.71B
North America Growth-
UNITED STATES3.41B
UNITED STATES Growth-
Europe1.19B
Europe Growth-
Asia Pacific445M
Asia Pacific Growth-
CANADA293M
CANADA Growth-
Other Foreign4M
Other Foreign Growth-

Frequently Asked Questions

Growth & Financials

Lineage, Inc. (LINE) reported $5.36B in revenue for fiscal year 2024. This represents a 122229% increase from $4.4M in 2009.

Lineage, Inc. (LINE) saw revenue decline by 0.0% over the past year.

Lineage, Inc. (LINE) reported a net loss of $177.0M for fiscal year 2024.

Dividend & Returns

Yes, Lineage, Inc. (LINE) pays a dividend with a yield of 3.36%. This makes it attractive for income-focused investors.

Lineage, Inc. (LINE) has a return on equity (ROE) of -8.5%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Lineage, Inc. (LINE) generated Funds From Operations (FFO) of $684.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Lineage, Inc. (LINE) offers a 3.36% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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