Lineage, Inc.

NasdaqGS:LINE Stock Report

Market Cap: US$11.2b

Lineage Past Earnings Performance

Past criteria checks 0/6

Lineage's earnings have been declining at an average annual rate of -15.6%, while the Industrial REITs industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 1.1% per year.

Key information

-15.62%

Earnings growth rate

-7.02%

EPS growth rate

Industrial REITs Industry Growth24.31%
Revenue growth rate1.06%
Return on equity-1.81%
Net Margin-2.63%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha May 11

Lineage: Robots Could Add $30 Per Share

Summary Lineage, the largest cold storage REIT, currently trades at 25% above recent lows, but 50% below the 2024 IPO price. With 24,000 employees, headcount intensity is 20-100x that of typical industrial REITs. Adoption of humanoid robots as the next step in LINE's automation strategy could dramatically reduce headcount and improve financial results. A base case impact assessment estimates a $500 million annual expense reduction, which could add $30 per share to valuation. Read the full article on Seeking Alpha
Seeking Alpha Mar 31

Lineage, Inc.'s Stock Might Be Cold But Fundamentals Have Potential

Summary Lineage, Inc. has significant growth potential through market share gains, margin expansion, and occupancy growth, despite current oversupply and inventory challenges. The cold storage industry benefits from rising global food demand and increased use of temperature-controlled logistics, although recent overbuilding has led to oversupply. LINE's growth prospects include occupancy recovery, margin improvement through automation and proprietary software, and accretive consolidation of smaller competitors. While LINE's long-term outlook is promising, I remain neutral until there is more clarity on operating initiatives and the impact of pre-IPO share lock-up expirations. Read the full article on Seeking Alpha
Seeking Alpha Feb 06

Lineage: Leaving Investors In The Cold

Summary Lineage, Inc. went public at a high valuation, but shares have since dropped significantly in a short period of time. Lineage's cold storage solutions should be in great demand in the long haul, but 2024 results have been soft. Despite a solid dividend yield and ongoing acquisitions, Lineage's growth is lackluster, and its valuation remains demanding. While LINE shares have become more appealing post-selloff, I remain cautious due to high valuations and limited near-term growth prospects. Read the full article on Seeking Alpha
Seeking Alpha Nov 17

An Ice Cold Hold: Lineage

Summary Lineage, Inc., a new REIT specializing in cold storage, has seen a 23% drop in share prices since its IPO this summer. Despite solid business fundamentals and a promising market position, the current valuation isn't compelling enough, leading to a Hold rating. The company's recent moves, including debt reduction and acquisition of ColdPoint Logistics, have strengthened its financial standing. While the long-term outlook is positive with expected steady growth, the current yield of 3.3% isn't attractive compared to short-term rates. Read the full article on Seeking Alpha
Seeking Alpha Sep 01

How Hot Is Cold Storage? A First Look At Lineage

Summary Lineage Inc., the world's largest cold storage REIT, has a mission-critical role in the supply chain with significant industry advantages and impressive growth. Despite its compelling business model, Lineage's current valuation is high, leaving limited room for upside, making it wise to wait for a better entry price. The company boasts a diversified customer base, automation investments, and potential future dividends, enhancing its attractiveness for long-term investors. Investing in new public companies like Lineage can be challenging due to limited data and often lofty valuations, so monitoring for a more attractive price is recommended. Read the full article on Seeking Alpha
Seeking Alpha Aug 26

Lineage: Interesting High-Tech REIT At A Nosebleed Valuation

Summary Lineage, Inc., a high-tech cold-storage REIT, had a successful IPO with strong investor demand, but its current valuation appears overly expensive. The company leverages advanced data science and AI to optimize operations, positioning itself as a leader in a resilient and growing industry. Despite its innovative approach and growth potential, Lineage's high valuation and significant debt burden raise concerns about its future performance. Read the full article on Seeking Alpha
Seeking Alpha Aug 02

Lineage: Industry Leader Starting At A Premium

Summary Lineage aims to transform the global food supply chain with 482 warehouses, focusing on quality and sustainability. Lineage's successful public offering saw shares sold above the midpoint of the range, having seen some 10% returns ever since in volatile market conditions. Valuation of Lineage post-IPO is demanding, with high multiples on sales and adjusted FFO, making near to medium term risk-reward unattractive. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How Lineage makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGS:LINE Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 265,360-1415640
31 Dec 255,355-985800
30 Sep 255,358-1795970
30 Jun 255,316-5917240
31 Mar 255,304-6597060
31 Dec 245,340-7066730
30 Sep 245,335-7006650
30 Jun 245,329-2305140
31 Mar 245,337-1695110
31 Dec 235,342-1185020
31 Dec 224,928-783990
31 Dec 213,702-1742890

Quality Earnings: LINE is currently unprofitable.

Growing Profit Margin: LINE is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: LINE is unprofitable, and losses have increased over the past 5 years at a rate of 15.6% per year.

Accelerating Growth: Unable to compare LINE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LINE is unprofitable, making it difficult to compare its past year earnings growth to the Industrial REITs industry (0.5%).


Return on Equity

High ROE: LINE has a negative Return on Equity (-1.81%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/15 05:33
End of Day Share Price 2026/06/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lineage, Inc. is covered by 24 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brendan LynchBarclays
Nathan CrossettBNP Paribas
Samir KhanalBofA Global Research