Lineage, Inc. (LINE) AI Stock Analysis

Lineage, Inc. is the world's largest global temperature-controlled warehouse REIT. As of June 30, 2026, it operates a network of 498 strategically located facilities totaling approximately 87 million square feet and approximately 3.1 billion cubic feet of capacity across North America, Europe, and Asia-Pacific. The Maryland-incorporated company combines supply chain solutions and technology to partner with food and beverage producers, retailers, and distributors to increase distribution efficiency, advance sustainability, and minimize supply chain waste.

Revenue expanded from $3.70B in FY2021 to $5.36B in FY2025, delivering a 5-year revenue CAGR of 59.6%. Top-line growth has leveled off recently, rising 0.3% in FY2025 and 0.8% year-over-year in the quarter ended June 30, 2026. Gross margin compressed to 15.4% in FY2025 from 33.0% in FY2024. Lineage has posted net losses in each fiscal year from FY2021 through FY2025, including -$98.0M in FY2025 and -$664.0M in FY2024. For the trailing twelve months, revenue stood at $5.37B with an operating margin of 3.7% and a net profit margin of -3.1%.

As of June 30, 2026, Lineage held $58.0M in cash and short-term investments against $7.99B in total debt, resulting in net debt of $7.93B. Shareholders' equity was $7.89B, with a debt-to-equity ratio of 1.01 and a current ratio of 0.78. In FY2025, the company produced $943.0M in operating cash flow and used $747.0M for capital expenditures, leaving $196.0M in free cash flow. Lineage allocated $537.0M toward dividends paid and $94.0M to share buybacks during FY2025.

Lineage trades at an enterprise value of $16.20B and a market cap of $8.34B. Its forward P/E is 769.2x, compared to 23.5x for the median of its US-listed Real Estate peers. Its EV/EBITDA multiple of 15.0x slightly exceeds the peer median of 14.7x, while its price-to-sales ratio of 1.5x is lower than the peer median of 3.7x. Over the past year, LINE shares fell 14.0%, trailing the S&P 500 (SPY) gain of 16.8%.

Lineage pays a quarterly dividend with an annualized forward rate of $2.13 per share, representing a 6.40% dividend yield. The company has paid dividends for 3 consecutive years. Its dividend payout ratio stands at 128.7%, and total dividends paid in FY2025 reached $537.0M.

Wall Street analysts hold 5 Strong Buy, 2 Buy, 9 Hold, and 4 Sell recommendations on Lineage. The mean price target of $43.21 sits 29.8% above the October 16, 2026 closing price of $33.28. Lineage beat EPS estimates in each of the last 4 quarters. For the current fiscal year ending December 31, 2026, analysts expect an EPS of -$0.71 on revenue of $5.39B. The next earnings date is November 9, 2026.

This page is an AI-written research summary of Lineage, Inc. (LINE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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