Lineage, Inc. (LINE) Stock

Lineage, Inc. (LINE) is a Real Estate stock trading at $41.61 (as of 2026-08-21), with a market capitalization of $9.48B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Lineage, Inc. is a temperature-controlled warehousing REIT that operates through Global Warehousing and Global Integrated Solutions. The Global Warehousing segment provides temperature-controlled warehouse real estate, while Global Integrated Solutions offers specialized cold-chain services for customers.

Understand Lineage, Inc.: how it makes money

Lineage, Inc. provides temperature-controlled warehouse real estate (a REIT), generating revenue from Global Warehousing services and specialized cold-chain services in Global Integrated Solutions.

Core earnings depend on how efficiently Lineage leases and operates temperature-controlled facilities, with occupancy and utilization driving Net Operating Income, while Global Integrated Solutions adds a specialized cold-chain services revenue stream.

Revenue by segment (latest quarter)
Global Warehousing$0.9B
Global Integrated Solutions$0.3B

Business quality (Weak): The business is clear and segment reporting exists (Global Warehousing and Global Integrated Solutions), and operational KPIs like occupancy are provided, but the provided facts include limited detail on how each segment translates into profitability.

Bull case

  • Operational occupancy remains high: Same-store physical occupancy is 76.4 percent, and staying warehouse economic occupancy is 84.1 percent.
  • Revenue diversification across warehousing and cold-chain services: Global Integrated Solutions contributes 0.35 billion of revenue, alongside the broader Global Warehousing segment.

Bear case

  • Thin operating profitability: Operating margin is 2.8 percent, leaving limited room for cost pressure.
  • Same-store profitability pressure in recent results: Same-store Net Operating Income decline is 0.9 percent.
  • Growth and execution risk from ongoing facility development: Facilities in process or ramping are 25 count, which can introduce variability as new capacity comes online.
Valuation — source: SEC EDGAR (first-party)
Price$41.61
Market Cap$9.48B
EV / EBITDA15.9
Price / Book1.07
Price / Sales1.78
FCF Yield1.5%
DCF Value (model)$40.67
DCF Upside vs Price-2.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$5.36B
Net Margin-1.9%
Revenue Growth (YoY)0.4%
EPS Growth (YoY)-1900.0%
FCF Growth (YoY)358.3%
Financial Health — source: SEC EDGAR
Altman Z-Score0.68 (distress)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderNORGES BANK ($668.61M)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorReal Estate
IndustryTrading
CEOW. Gregory Lehmkuhl
Employees26,000
CountryUS
IPO Date2024-07-25

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

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  • CubeSmart (CUBE)
  • Brixmor Property Group Inc. (BRX)
  • Agree Realty Corporation (ADC)
  • NNN REIT, Inc. (NNN)
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LINE earnings history · LINE institutional & insider holders · LINE KPIs & operating metrics · LINE financials · LINE investor presentations & press releases · LINE SEC filings · LINE peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.