Lineage, Inc. LINE
Lineage, Inc. is the world’s largest global temperature-controlled warehouse REIT with a network of 498 strategically located facilities totaling approximately 87 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific, as of June 30, 2026. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Lineage, Inc. was established in 2015 and was incorporated in Maryland.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-25 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-06) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model LINE yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $5.36B | $-98.00M | $895.00M | $1.05B | $943.00M |
| 2024 | $5.34B | $-664.00M | $876.00M | $547.00M | $703.00M |
| 2023 | $5.34B | $-77.00M | $760.00M | $1.24B | $796.00M |
| 2022 | $4.93B | $-63.00M | $678.00M | $976.00M | $501.00M |
| 2021 | $3.70B | $-153.30M | $603.70M | $632.90M | $329.90M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-21 | 2026-06-12 | $0.53 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-21 | 2026-03-13 | $0.53 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-21 | 2025-12-18 | $0.53 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-21 | 2025-09-09 | $0.53 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-21 | 2025-06-20 | $0.53 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-21 | 2025-03-19 | $0.53 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-21 | 2024-12-11 | $0.53 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-21 | 2024-09-10 | $0.38 | Quarterly |
Coverage (payout of operating cash flow): 51.50%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — LINE
CARNIVAL CRUISE LINE LAUNCHES CARNIVAL REWARDS™
BlackRock Inc. Takes Position in Lineage, Inc. $LINE
KARMAN LINE ACQUISITION CORP. Announces Pricing of $200 Million Initial Public Offering
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Lineage, Inc. (LINE) Q2 2026 Earnings Call Transcript
Lineage Q2 Earnings Call Highlights
Compared to Estimates, Lineage, Inc. (LINE) Q2 Earnings: A Look at Key Metrics
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.