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Lineage, Inc.(LINE)Earnings, Financials & Key Ratios
LINE•NASDAQ•REIT / Real Estate
$36.50
$8.28B mkt cap·Price updated May 6, 2026
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/Share3.49+214.1%
- FFO Payout67.55%-38.8%
- FFO per Share3.49+214.1%
- NOI Margin15.42%-53.3%
- FFO Margin14.85%+274.0%
- ROE-1.06%+87.5%
- ROA-0.53%+85.1%
- Debt/Assets9.47%-74.3%
- Net Debt/EBITDA1.53-71.8%
- Book Value/Share40.54-20.1%
LINE Key Insights
Lineage, Inc. (LINE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Sustainable FFO payout ratio of 67.5%
- ✓Trading at only 0.9x book value
✗Weaknesses
- ✗Low NOI margin of 15.4%
- ✗Shares diluted 19.4% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
LINE Price & Volume
Lineage, Inc. (LINE) stock price & volume — 10-year historical chart
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LINE Growth Metrics
Lineage, Inc. (LINE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.67%
5 Years59.56%
3 Years2.81%
TTM0.28%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM84.94%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM85.91%
Return on Capital
10 Years-1.71%
5 Years0.08%
3 Years0.42%
Last Year1.45%
LINE Recent Earnings
Lineage, Inc. (LINE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (14%)●Beat Revenue 1/12 qtrs (14%)
Q1 2026Latest
Feb 25, 2026EPS
$0.03
Est $0.08
+136.7%
Revenue
$1.3B
Est $1.4B
-3.0%
Q4 2025
Nov 5, 2025EPS
$0.44
Est $0.78
-156.4%
Revenue
$1.4B
Est $1.4B
-0.1%
Q3 2025
Aug 6, 2025EPS
$0.03
Est $0.75
-104.0%
Revenue
$1.4B
Est $1.4B
-3.3%
Q2 2025
Apr 30, 2025EPS
$0.01
Est $0.82
-98.8%
Revenue
$1.3B
Est $1.3B
-3.2%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $0.03vs $0.08+136.7% | $1.3Bvs $1.4B-3.0% |
| Q4 2025 | Nov 5, 2025 | $0.44vs $0.78-156.4% | $1.4Bvs $1.4B-0.1% |
| Q3 2025 | Aug 6, 2025 | $0.03vs $0.75-104.0% | $1.4Bvs $1.4B-3.3% |
| Q2 2025 | Apr 30, 2025 | $0.01vs $0.82-98.8% | $1.3Bvs $1.3B-3.2% |
Based on last 12 quarters of dataView full earnings history →
LINE Peer Comparison
Lineage, Inc. (LINE) competitors in Cold Storage and Specialty Industrial REITs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 COLD | 3.41B | 11.98 | -29.95 | -2.43% | -4.4% | -3.92% | 1.54 | |
 NSA | 3.23B | 41.90 | 59.85 | -2.26% | 11.92% | 5.74% | 9.28% | 2.23 |
 CUBE | 8.93B | 39.17 | 26.83 | 5.33% | 28.93% | 11.7% | 6.35% | 1.27 |
 EXR | 29.52B | 139.79 | 30.46 | 1.19% | 28.84% | 6.69% | 6.2% | 1.05 |
 PLD | 130.26B | 140.27 | 34.98 | 2.22% | 36.7% | 5.61% | 3.77% | 0.54 |
 STAG | 7.28B | 38.05 | 26.06 | 10.14% | 28.26% | 6.8% | 5.52% | 0.90 |
 FR | 8.18B | 61.73 | 33.01 | 8.58% | 45.99% | 12.35% | 1.4% | 0.93 |
 TRNO | 6.74B | 65.00 | 16.58 | 24.51% | 84.44% | 9.7% | 3.09% | 0.29 |
Compare LINE vs Peers
Lineage, Inc. (LINE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LINE Income Statement
Lineage, Inc. (LINE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.88B | 917.71M | 826.68M | 517.82M | 3.7B | 4.93B | 5.34B | 5.34B | 5.36B |
| Revenue Growth % | -42.14% | -68.17% | -9.92% | -37.36% | 614.92% | 33.12% | 8.4% | -0.04% | 0.28% |
| Property Operating Expenses | 0 | 0 | 0 | 0 | 2.57B | 3.47B | 3.59B | 3.58B | 4.53B |
| Net Operating Income (NOI) | 2.88B▲ 0% | 917.71M▼ 68.2% | 826.68M▼ 9.9% | 517.82M▼ 37.4% | 1.13B▲ 118.3% | 1.46B▲ 28.7% | 1.75B▲ 20.4% | 1.76B▲ 0.6% | 826M▼ 53.1% |
| NOI Margin % | 100% | 100% | 100% | 100% | 30.54% | 29.53% | 32.8% | 33% | 15.42% |
| Operating Expenses | 924.12M | 558.97M | 329.13M | 104.18M | 1.04B | 1.75B | 2.15B | 1.4B | 574M |
| G&A Expenses | 296.89M | 237.84M | 117.55M | 60.87M | 289.3M | 399M | 502M | 539M | 574M |
| EBITDA | -3.93B | 43.09M | 879.04M | 386.27M | 691.4M | 381M | 362M | 1.24B | 1.15B |
| EBITDA Margin % | -136.15% | 4.7% | 106.33% | 74.59% | 18.68% | 7.73% | 6.78% | 23.16% | 21.42% |
| Depreciation & Amortization | 840.5M | 417.59M | 137.42M | 161.72M | 603.7M | 678M | 760M | 876M | 895M |
| D&A / Revenue % | 29.15% | 45.5% | 16.62% | 31.23% | 16.31% | 13.76% | 14.23% | 16.4% | 16.71% |
| Operating Income | -4.77B▲ 0% | -374.5M▲ 92.1% | 741.61M▲ 298.0% | 224.54M▼ 69.7% | 87.7M▼ 60.9% | -297M▼ 438.7% | -398M▼ 34.0% | 361M▲ 190.7% | 252M▼ 30.2% |
| Operating Margin % | -165.3% | -40.81% | 89.71% | 43.36% | 2.37% | -6.03% | -7.45% | 6.76% | 4.71% |
| Interest Expense | 546.45M | 192.86M | 12.36M | 8.35M | 235M | 388.1M | 588M | 539M | 268M |
| Interest Coverage | -8.72x | -1.94x | 60.00x | 26.88x | 0.37x | -0.77x | -0.68x | 0.67x | 0.94x |
| Non-Operating Income | 0 | 0 | 0 | 0 | 58.5M | -595M | -876M | 690M | 28M |
| Pretax Income | -4.77B▲ 0% | -374.5M▲ 92.1% | 741.61M▲ 298.0% | 216.19M▼ 70.8% | -205.8M▼ 195.2% | -70M▲ 66.0% | -110M▼ 57.1% | -840M▼ 663.6% | -115M▲ 86.3% |
| Pretax Margin % | -165.3% | -40.81% | 89.71% | 41.75% | -5.56% | -1.42% | -2.06% | -15.73% | -2.15% |
| Income Tax | -6.46M | 11.19M | 388.94M | 356.9M | -29.3M | 6M | -14M | -89M | -2M |
| Effective Tax Rate % | 0.14% | -2.99% | 52.45% | 165.09% | 14.24% | -8.57% | 12.73% | 10.6% | 1.74% |
| Net Income | -4.76B▲ 0% | -2.17B▲ 54.4% | 432.86M▲ 119.9% | -140.67M▼ 132.5% | -153.3M▼ 9.0% | -63M▲ 58.9% | -77M▼ 22.2% | -664M▼ 762.3% | -100M▲ 84.9% |
| Net Margin % | -165.08% | -236.66% | 52.36% | -27.17% | -4.14% | -1.28% | -1.44% | -12.43% | -1.87% |
| Net Income Growth % | -953.5% | 54.37% | 119.93% | -132.5% | -8.98% | 58.9% | -22.22% | -762.34% | 84.94% |
| Funds From Operations (FFO) | -3.92B▲ 0% | -1.75B▲ 55.2% | 570.28M▲ 132.5% | 21.05M▼ 96.3% | 450.4M▲ 2039.5% | 615M▲ 36.5% | 683M▲ 11.1% | 212M▼ 69.0% | 795M▲ 275.0% |
| FFO Margin % | -135.93% | -191.16% | 68.98% | 4.07% | 12.17% | 12.48% | 12.79% | 3.97% | 14.85% |
| FFO Growth % | -682.35% | 55.24% | 132.51% | -96.31% | 2039.46% | 36.55% | 11.06% | -68.96% | 275% |
| FFO per Share | -11.42 | -4.97 | 2.26 | 0.14 | 2.14 | 2.92 | 3.25 | 1.11 | 3.49 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 32.95% | 29.27% | 6.73% | 110.38% | 67.55% |
| EPS (Diluted) | -13.86▲ 0% | -6.16▲ 55.6% | 1.72▲ 127.9% | -0.92▼ 153.5% | -0.73▲ 20.7% | -0.30▲ 58.9% | -0.37▼ 23.3% | -3.70▼ 900.0% | -0.43▲ 88.4% |
| EPS Growth % | -911.68% | 55.56% | 127.92% | -153.49% | 20.65% | 58.9% | -23.33% | -900% | 88.38% |
| EPS (Basic) | -13.86 | -6.16 | 1.72 | -0.92 | -0.73 | -0.30 | -0.37 | -3.70 | -0.43 |
| Diluted Shares Outstanding | 343.32M | 352.65M | 252.39M | 152.23M | 210.8M | 210.8M | 210.2M | 191M | 228M |
LINE Balance Sheet
Lineage, Inc. (LINE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 9.98B | 4.66B | 2.88B | 2.75B | 16.42B | 18.56B | 18.87B | 18.66B | 19.18B |
| Asset Growth % | -39.25% | -53.29% | -38.18% | -4.58% | 497.23% | 13.03% | 1.69% | -1.11% | 2.81% |
| Real Estate & Other Assets | 827.47M | 419.52M | 923.97M | 7.66M | 175.8M | 371.7M | 290M | 279M | 204M |
| PP&E (Net) | 7.02B | 3.23B | 900.46M | 2.4B | 10.79B | 12.07B | 12.54B | 12.51B | 13.05B |
| Investment Securities | 1000K | 0 | 469K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 1.56B | 1B | 857.8M | 323.31M | 1.24B | 1.4B | 1.26B | 1.28B | 1.24B |
| Cash & Equivalents | 2.17M | 694.86M | 464.51M | 6.88M | 209.1M | 170.6M | 68M | 173M | 66M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 119.92M | 107.61M | 243.18M | 178.69M | 49.3M | 52.7M | 42M | 41M | 132M |
| Intangible Assets | 0 | 0 | 0 | 0 | 1.3B | 1.33B | 1.28B | 1.13B | 1.09B |
| Total Liabilities | 10.25B | 7.06B | 548.54M | 1.25B | 11.14B | 12.45B | 12.85B | 8.97B | 9.94B |
| Total Debt | 9.04B | 2.23B | 253.97M | 1.03B | 9.6B | 10.69B | 11.05B | 6.88B | 1.82B |
| Net Debt | 9.04B | 1.54B | -210.53M | 1.02B | 9.4B | 10.52B | 10.98B | 6.71B | 1.75B |
| Long-Term Debt | 5.33B | 295.08M | 253.97M | 514.64M | 7.57B | 8.7B | 8.96B | 4.91B | 1.81B |
| Short-Term Borrowings | 3.72B | 1.94B | 7.5M | 514.6M | 19.5M | 36.4M | 24M | 56M | 2M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 2.02B | 1.96B | 2.07B | 1.92B | 1.81B |
| Total Current Liabilities | 4.29B | 2.34B | 366M | 365.47M | 1.05B | 1.22B | 1.36B | 1.49B | 1.55B |
| Accounts Payable | 455.37M | 295.08M | 253.97M | 49.75M | 812.4M | 1.08B | 1.14B | 1.22B | 1.1B |
| Deferred Revenue | 35M | 16.81M | 198.42M | 0 | 67.2M | 91.8M | 94M | 83M | 81M |
| Other Liabilities | 612.58M | 104.53M | -93.25M | 902K | 125.3M | 163.3M | 89M | 348M | 6.28B |
| Total Equity | -268.9M▲ 0% | -2.4B▼ 791.4% | 2.33B▲ 197.3% | 1.5B▼ 35.9% | 5.28B▲ 252.9% | 6.11B▲ 15.7% | 6.02B▼ 1.4% | 9.69B▲ 61.0% | 9.24B▼ 4.7% |
| Equity Growth % | -105.92% | -791.4% | 197.31% | -35.91% | 252.95% | 15.71% | -1.37% | 60.98% | -4.65% |
| Shareholders Equity | -268.9M | -2.4B | 2.33B | 1.5B | 4.34B | 5.17B | 5.05B | 8.64B | 8.25B |
| Minority Interest | 0 | 0 | 0 | 0 | 937.1M | 938.7M | 971M | 1.06B | 7M |
| Common Stock | 0 | 0 | 84K | 153K | 1.5M | 1.6M | 2M | 2M | 10.78B |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 5B | 5.92B | 5.96B | 10.76B | 10.78B |
| Retained Earnings | -5.61B | -7.78B | 432.86M | -151.52M | -667M | -712.8M | -879M | -1.85B | -2.44B |
| Preferred Stock | 0 | 0 | 0 | 0 | 600K | 600K | 1M | 0 | 0 |
| Return on Assets (ROA) | -36.06% | -29.68% | 11.48% | -5% | -1.6% | -0.36% | -0.41% | -3.54% | -0.53% |
| Return on Equity (ROE) | -222.7% | - | 18.56% | -7.35% | -4.53% | -1.11% | -1.27% | -8.45% | -1.06% |
| Debt / Assets | 90.66% | 47.91% | 8.82% | 37.44% | 58.5% | 57.6% | 58.55% | 36.86% | 9.47% |
| Debt / Equity | - | - | 0.11x | 0.69x | 1.82x | 1.75x | 1.83x | 0.71x | 0.20x |
| Net Debt / EBITDA | - | 35.69x | -0.24x | 2.65x | 13.59x | 27.61x | 30.33x | 5.42x | 1.53x |
| Book Value per Share | -0.78 | -6.80 | 9.24 | 9.82 | 25.03 | 28.96 | 28.65 | 50.75 | 40.54 |
LINE Cash Flow Statement
Lineage, Inc. (LINE) cash flow — operating, investing & free cash flow history
| Line item | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.25B | 880.51M | 281.16M | 268.3M | 329.9M | 501M | 796M | 703M | 943M |
| Operating CF Growth % | -27.01% | -29.53% | -68.07% | -4.58% | 22.96% | 51.86% | 58.88% | -11.68% | 34.14% |
| Operating CF / Revenue % | 43.33% | 95.95% | 34.01% | 51.81% | 8.91% | 10.17% | 14.9% | 13.16% | 17.61% |
| Net Income | -4.76B | -2.17B | 432.86M | -140.67M | -176.5M | -76M | -96M | -751M | -100M |
| Depreciation & Amortization | 840.5M | 417.59M | 137.42M | 161.72M | 603.7M | 678M | 760M | 876M | 895M |
| Stock-Based Compensation | 56.14M | 44.22M | 41.28M | 11.03M | 14.6M | 17M | 26M | 215M | 126M |
| Other Non-Cash Items | 8.58B | 1.21B | -1.78B | 413.31M | 77.4M | 49M | 62M | 523M | 49M |
| Working Capital Changes | -3.46B | 1.39B | 1.83B | -533.96M | -120.3M | -125M | 102M | -55M | -11M |
| Cash from Investing | -307.3M | -235.84M | 1.24B | -689.09M | -3.41B | -2.37B | -1.07B | -919M | -1.07B |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | -2.41B | -1.55B | -283M | -343M | -443M |
| Purchase of Investments | 0 | 0 | -198.29M | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -240.59M | -190.41M | 1.53B | -685.86M | -310.3M | -9M | -17M | 115M | 123M |
| Cash from Financing | -941.8M | 48.02M | -1.11B | 426.21M | 3.03B | 1.84B | 136M | 320M | 14M |
| Dividends Paid | 0 | 0 | 0 | 0 | -148.4M | -180M | -46M | -234M | -537M |
| Common Dividends | 0 | 0 | 0 | 0 | -148.4M | -180M | -46M | -234M | -537M |
| Debt Issuance (Net) | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | -1000K | 1000K |
| Share Repurchases | -2.17M | -694.86M | -198.29M | -6.88M | -39.6M | -8M | -30M | -102M | -94M |
| Other Financing | -941.8M | 48.02M | -1.11B | 426.21M | -106.7M | -70M | -49M | -192M | -183M |
| Net Change in Cash | 359K▲ 0% | 692.69M▲ 192849.6% | 410.15M▼ 40.8% | 5.41M▼ 98.7% | -63.2M▼ 1267.8% | -38M▲ 39.9% | -131M▼ 244.7% | 104M▲ 179.4% | -109M▼ 204.8% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | -1000K | -1000K | 1000K | 0 | 1000K |
| Cash at Beginning | 1.81M | 2.17M | 54.35M | 1.47M | 303.3M | 240M | 202M | 71M | 175M |
| Cash at End | 2.17M | 694.86M | 464.51M | 6.88M | 240.1M | 202M | 71M | 175M | 66M |
| Free Cash Flow | 1.18B▲ 0% | 835.08M▼ 29.4% | 192.57M▼ 76.9% | 265.06M▲ 37.6% | -359.2M▼ 235.5% | -312M▲ 13.1% | 30M▲ 109.6% | 12M▼ 60.0% | 196M▲ 1533.3% |
| FCF Growth % | -27.76% | -29.4% | -76.94% | 37.64% | -235.52% | 13.14% | 109.62% | -60% | 1533.33% |
| FCF / Revenue % | 41.02% | 91% | 23.29% | 51.19% | -9.7% | -6.33% | 0.56% | 0.22% | 3.66% |
LINE Key Ratios
Lineage, Inc. (LINE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2014 | 2015 | 2016 | 2017 | 2018 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 2.05 | -11.42 | -4.97 | 2.26 | 0.14 | 2.14 | 2.92 | 3.25 | 1.11 | 3.49 |
| FFO Payout Ratio | 0% | 0% | 0% | 0% | 0% | 32.95% | 29.27% | 6.73% | 110.38% | 67.55% |
| NOI Margin | 100% | 100% | 100% | 100% | 100% | 30.54% | 29.53% | 32.8% | 33% | 15.42% |
| Net Debt / EBITDA | 0.74x | - | 35.69x | -0.24x | 2.65x | 13.59x | 27.61x | 30.33x | 5.42x | 1.53x |
| Debt / Assets | 3.04% | 90.66% | 47.91% | 8.82% | 37.44% | 58.5% | 57.6% | 58.55% | 36.86% | 9.47% |
| Interest Coverage | -0.76x | -8.72x | -1.94x | 60.00x | 26.88x | 0.37x | -0.77x | -0.68x | 0.67x | 0.94x |
| Book Value / Share | 13.81 | -0.78 | -6.8 | 9.24 | 9.82 | 25.03 | 28.96 | 28.65 | 50.75 | 40.54 |
| Revenue Growth | 113.72% | -42.14% | -68.17% | -9.92% | -37.36% | 614.92% | 33.12% | 8.4% | -0.04% | 0.28% |
LINE SEC Filings & Documents
Lineage, Inc. (LINE) SEC filings — annual & quarterly reports (10-K, 10-Q)
LINE Frequently Asked Questions
Lineage, Inc. (LINE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Lineage, Inc. (LINE) reported $5.36B in revenue for fiscal year 2025. This represents a 34366% increase from $15.5M in 2007.
Lineage, Inc. (LINE) grew revenue by 0.3% over the past year. Growth has been modest.
Lineage, Inc. (LINE) reported a net loss of $100.0M for fiscal year 2025.
Dividend & Returns
Yes, Lineage, Inc. (LINE) pays a dividend with a yield of 6.45%. This makes it attractive for income-focused investors.
Lineage, Inc. (LINE) has a return on equity (ROE) of -1.1%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Lineage, Inc. (LINE) generated Funds From Operations (FFO) of $1.34B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Lineage, Inc. (LINE) offers a 6.45% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Explore More LINE
Lineage, Inc. (LINE) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates