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

LINE • • REIT / Real Estate
Real EstateIndustrial REITsCold Storage and Specialty Industrial REITs
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 $5.36B +0.3%
  • FFO $795M +275.0%
  • FFO/Share 3.49 +214.1%
  • FFO Payout 67.55% -38.8%
  • FFO per Share 3.49 +214.1%
  • NOI Margin 15.42% -53.3%
  • FFO Margin 14.85% +274.0%
  • ROE -1.06% +87.5%
  • ROA -0.53% +85.1%
  • Debt/Assets 9.47% -74.3%
  • Net Debt/EBITDA 1.53 -71.8%
  • Book Value/Share 40.54 -20.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Sustainable FFO payout ratio of 67.5%
  • ✓Healthy dividend yield of 5.8%
  • ✓Trading at only 1.0x book value

✗Weaknesses

  • ✗Low NOI margin of 15.4%
  • ✗Shares diluted 19.4% in last year
  • ✗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

10Y8.67%
5Y59.56%
3Y2.81%
TTM0.28%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM84.94%

EPS CAGR

10Y-
5Y-
3Y-
TTM85.91%

ROCE

10Y Avg-1.71%
5Y Avg0.08%
3Y Avg0.42%
Latest1.45%

Peer Comparison

Cold Storage and Specialty Industrial REITs
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
IIPRInnovative Industrial Properties, Inc.1.48B52.9613.48-13.8%44.46%6.4%13.35%0.21
COLDAmericold Realty Trust, Inc.3.81B13.39-33.48-2.43%-4.4%-3.92%1.54
LINELineage, Inc.9.2B40.52-94.230.28%-1.87%-1.08%2.13%0.20

Compare LINE vs Peers

Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.

vs COLD

Compare head-to-head with Americold Realty Trust, Inc.

vs IIPR

Compare head-to-head with Innovative Industrial Properties, Inc.

Compare Top 3

vs COLD, IIPR

Profit & Loss

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue+4.98B2.88B917.71M826.68M517.82M3.7B4.93B5.34B5.34B5.36B
Revenue Growth %113.72%-42.14%-68.17%-9.92%-37.36%614.92%33.12%8.4%-0.04%0.28%
Property Operating Expenses000002.57B3.47B3.59B3.58B4.53B
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+1.22B924.12M558.97M329.13M104.18M1.04B1.75B2.15B1.4B574M
G&A Expenses293.07M296.89M237.84M117.55M60.87M289.3M399M502M539M574M
EBITDA+677.46M-3.93B43.09M879.04M386.27M691.4M381M362M1.24B1.15B
EBITDA Margin %----------
Depreciation & Amortization+1.12B840.5M417.59M137.42M161.72M603.7M678M760M876M895M
D&A / Revenue %----------
Operating Income+-447.37M-4.77B-374.5M741.61M224.54M87.7M-297M-398M361M252M
Operating Margin %----------
Interest Expense+587.84M546.45M192.86M12.36M8.35M235M388.1M588M539M268M
Interest Coverage-0.76x-8.72x-1.94x60.00x26.88x0.37x-0.77x-0.68x0.67x0.94x
Non-Operating Income0000058.5M-595M-876M690M28M
Pretax Income+-447.37M-4.77B-374.5M741.61M216.19M-205.8M-70M-110M-840M-115M
Pretax Margin %----------
Income Tax+4.44M-6.46M11.19M388.94M356.9M-29.3M6M-14M-89M-2M
Effective Tax Rate %----------
Net Income+-451.81M-4.76B-2.17B432.86M-140.67M-153.3M-63M-77M-664M-100M
Net Margin %----------
Net Income Growth %34.65%-953.5%54.37%119.93%-132.5%-8.98%58.9%-22.22%-762.34%84.94%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %322.01%-682.35%55.24%132.51%-96.31%2039.46%36.55%11.06%-68.96%275%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+-1.37-13.86-6.161.72-0.92-0.73-0.30-0.37-3.70-0.43
EPS Growth %52.92%-911.68%55.56%127.92%-153.49%20.65%58.9%-23.33%-900%88.38%
EPS (Basic)-1.37-13.86-6.161.72-0.92-0.73-0.30-0.37-3.70-0.43
Diluted Shares Outstanding328.92M343.32M352.65M252.39M152.23M210.8M210.8M210.2M191M228M

Balance Sheet

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets+16.42B9.98B4.66B2.88B2.75B16.42B18.56B18.87B18.66B19.18B
Asset Growth %-0.49%-39.25%-53.29%-38.18%-4.58%497.23%13.03%1.69%-1.11%2.81%
Real Estate & Other Assets+667.08M827.47M419.52M923.97M7.66M175.8M371.7M290M279M204M
PP&E (Net)13.2B7.02B3.23B900.46M2.4B10.79B12.07B12.54B12.51B13.05B
Investment Securities1000K1000K0469K1000K1000K1000K1000K1000K1000K
Total Current Assets+1.71B1.56B1B857.8M323.31M1.24B1.4B1.26B1.28B1.24B
Cash & Equivalents1.81M2.17M694.86M464.51M6.88M209.1M170.6M68M173M66M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets155.96M119.92M107.61M243.18M178.69M49.3M52.7M42M41M132M
Intangible Assets000001.3B1.33B1.28B1.13B1.09B
Total Liabilities11.88B10.25B7.06B548.54M1.25B11.14B12.45B12.85B8.97B9.94B
Total Debt+500M9.04B2.23B253.97M1.03B9.6B10.69B11.05B6.88B1.82B
Net Debt498.19M9.04B1.54B-210.53M1.02B9.4B10.52B10.98B6.71B1.75B
Long-Term Debt500M5.33B295.08M253.97M514.64M7.57B8.7B8.96B4.91B1.81B
Short-Term Borrowings03.72B1.94B7.5M514.6M19.5M36.4M24M56M2M
Capital Lease Obligations000002.02B1.96B2.07B1.92B1.81B
Total Current Liabilities+982.54M4.29B2.34B366M365.47M1.05B1.22B1.36B1.49B1.55B
Accounts Payable814.81M455.37M295.08M253.97M49.75M812.4M1.08B1.14B1.22B1.1B
Deferred Revenue035M16.81M198.42M067.2M91.8M94M83M81M
Other Liabilities10.38B612.58M104.53M-93.25M902K125.3M163.3M89M348M6.28B
Total Equity+4.54B-268.9M-2.4B2.33B1.5B5.28B6.11B6.02B9.69B9.24B
Equity Growth %-22.88%-105.92%-791.4%197.31%-35.91%252.95%15.71%-1.37%60.98%-4.65%
Shareholders Equity4.54B-268.9M-2.4B2.33B1.5B4.34B5.17B5.05B8.64B8.25B
Minority Interest00000937.1M938.7M971M1.06B7M
Common Stock5.4B0084K153K1.5M1.6M2M2M10.78B
Additional Paid-in Capital000005B5.92B5.96B10.76B10.78B
Retained Earnings-852.21M-5.61B-7.78B432.86M-151.52M-667M-712.8M-879M-1.85B-2.44B
Preferred Stock00000600K600K1M00
Return on Assets (ROA)-2.74%-36.06%-29.68%11.48%-5%-1.6%-0.36%-0.41%-3.54%-0.53%
Return on Equity (ROE)-8.66%-222.7%-18.56%-7.35%-4.53%-1.11%-1.27%-8.45%-1.06%
Debt / Assets3.04%90.66%47.91%8.82%37.44%58.5%57.6%58.55%36.86%9.47%
Debt / Equity0.11x--0.11x0.69x1.82x1.75x1.83x0.71x0.20x
Net Debt / EBITDA0.74x-35.69x-0.24x2.65x13.59x27.61x30.33x5.42x1.53x
Book Value per Share13.81-0.78-6.809.249.8225.0328.9628.6550.7540.54

Cash Flow

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operations+1.71B1.25B880.51M281.16M268.3M329.9M501M796M703M943M
Operating CF Growth %46.79%-27.01%-29.53%-68.07%-4.58%22.96%51.86%58.88%-11.68%34.14%
Operating CF / Revenue %----------
Net Income-451.81M-4.76B-2.17B432.86M-140.67M-176.5M-76M-96M-751M-100M
Depreciation & Amortization1.12B840.5M417.59M137.42M161.72M603.7M678M760M876M895M
Stock-Based Compensation53.28M56.14M44.22M41.28M11.03M14.6M17M26M215M126M
Other Non-Cash Items-171.31M8.58B1.21B-1.78B413.31M77.4M49M62M523M49M
Working Capital Changes1.16B-3.46B1.39B1.83B-533.96M-120.3M-125M102M-55M-11M
Cash from Investing+-1.92B-307.3M-235.84M1.24B-689.09M-3.41B-2.37B-1.07B-919M-1.07B
Acquisitions (Net)-2.48B0000-2.41B-1.55B-283M-343M-443M
Purchase of Investments000-198.29M000000
Sale of Investments0000000000
Other Investing633.69M-240.59M-190.41M1.53B-685.86M-310.3M-9M-17M115M123M
Cash from Financing+157.85M-941.8M48.02M-1.11B426.21M3.03B1.84B136M320M14M
Dividends Paid00000-148.4M-180M-46M-234M-537M
Common Dividends00000-148.4M-180M-46M-234M-537M
Debt Issuance (Net)000001000K1000K1000K-1000K1000K
Share Repurchases-1.81M-2.17M-694.86M-198.29M-6.88M-39.6M-8M-30M-102M-94M
Other Financing157.85M-941.8M48.02M-1.11B426.21M-106.7M-70M-49M-192M-183M
Net Change in Cash+-50.36M359K692.69M410.15M5.41M-63.2M-38M-131M104M-109M
Exchange Rate Effect00000-1000K-1000K1000K01000K
Cash at Beginning52.17M1.81M2.17M54.35M1.47M303.3M240M202M71M175M
Cash at End1.81M2.17M694.86M464.51M6.88M240.1M202M71M175M66M
Free Cash Flow+1.64B1.18B835.08M192.57M265.06M-359.2M-312M30M12M196M
FCF Growth %52.47%-27.76%-29.4%-76.94%37.64%-235.52%13.14%109.62%-60%1533.33%
FCF / Revenue %----------

Key Ratios

Metric2014201520162017201820212022202320242025
FFO per Share2.05-11.42-4.972.260.142.142.923.251.113.49
FFO Payout Ratio0%0%0%0%0%32.95%29.27%6.73%110.38%67.55%
NOI Margin100%100%100%100%100%30.54%29.53%32.8%33%15.42%
Net Debt / EBITDA0.74x-35.69x-0.24x2.65x13.59x27.61x30.33x5.42x1.53x
Debt / Assets3.04%90.66%47.91%8.82%37.44%58.5%57.6%58.55%36.86%9.47%
Interest Coverage-0.76x-8.72x-1.94x60.00x26.88x0.37x-0.77x-0.68x0.67x0.94x
Book Value / Share13.81-0.78-6.89.249.8225.0328.9628.6550.7540.54
Revenue Growth113.72%-42.14%-68.17%-9.92%-37.36%614.92%33.12%8.4%-0.04%0.28%

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