LINE
Real EstateLineage, Inc. · REIT - Industrial · $9B
What is Lineage, Inc.?
Lineage, Inc. is a temperature-controlled warehouse real estate investment trust headquartered in Novi, Michigan. The company operates one of the largest cold-storage networks in the world, serving food producers, distributors, and retailers across global supply chains.
Lineage generates revenue through two segments. The Global Warehousing segment owns and operates industrial real estate properties designed specifically for temperature-controlled storage, leasing capacity to customers who need reliable cold-chain logistics. The Global Integrated Solutions segment delivers specialized end-to-end cold-chain services that go beyond simple storage, including transportation coordination and supply-chain management. Together, these segments position Lineage as an infrastructure-like provider within the food and perishables supply chain.
Lineage was founded in 2008 and is headquartered in Novi, Michigan.
- Temperature-controlled warehouse real estate
- Cold-chain logistics and supply-chain services
- Global Integrated Solutions for food distributors
- Industrial REIT leasing across international markets
Is LINE a Good Stock to Buy?
UQS Score rates LINE as Poor overall, placing it among the lower-ranked names in the Real Estate sector.
The Valuation pillar registers as Neutral, meaning the stock is not obviously expensive relative to its fundamentals — a modest relative bright spot within an otherwise challenged profile.
Quality, Moat, Growth, and Risk all carry Weak ratings, signaling broad fundamental concerns spanning earnings quality, competitive positioning, growth trajectory, and balance-sheet risk — a combination that warrants careful scrutiny.
Pro members can view the full pillar breakdown and underlying financial metrics to understand exactly where LINE stands. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does LINE pay dividends?
Yes — Lineage, Inc. pays a dividend.
Lineage pays a regular dividend, consistent with its structure as a REIT — a vehicle legally required to distribute the majority of taxable income to shareholders. Income-oriented investors often look to REITs for this reason. However, given the Weak Risk and Quality pillar ratings, prospective investors should assess whether the current payout level is sustainable before relying on it for income.
When does LINE report earnings?
Lineage, Inc. reports earnings on a quarterly cadence, typical for US-listed REITs.
The company's Weak Growth and Quality pillar ratings suggest recent results have not demonstrated consistent improvement in earnings quality or top-line expansion. Investors tracking operational progress should monitor segment-level performance across both Global Warehousing and Global Integrated Solutions.
For the most recent quarter's results, visit Lineage's official investor relations page.
LINE Price History
-54.9% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Lineage, Inc.?
Based on Lineage, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
LINE Long-term Outlook
The combination of Weak Growth and Weak Risk pillars points to a challenging near-term fundamental outlook. Cold-chain real estate benefits from structural demand tied to food supply chains, but Lineage's current profile suggests execution and leverage risks may offset those tailwinds. The Neutral Valuation reading indicates the market has already priced in some of this uncertainty, leaving limited margin for error if operating conditions deteriorate further.
Growth drivers
- Structural demand for cold-chain infrastructure from food and e-commerce sectors
- Potential scale advantages from a large global warehouse footprint
- Expansion of integrated logistics services beyond core storage
Key risks
- Elevated financial risk reflected in the Weak Risk pillar rating
- Weak Moat rating suggests limited pricing power versus competitors
- Weak Growth trajectory may pressure dividend sustainability over time
LINE vs Peers
Lineage operates in the industrial and specialty REIT space alongside several other publicly traded real estate companies.
First Industrial focuses on bulk and regional distribution facilities rather than temperature-controlled storage, serving a broader industrial tenant base.
Rexford concentrates exclusively on infill industrial properties in Southern California, targeting a high-demand, supply-constrained geographic niche.
CubeSmart operates in the self-storage REIT segment, serving individual and small-business customers rather than large food-supply-chain operators.
Frequently Asked Questions
What does Lineage, Inc. do?
Lineage, Inc. owns and operates temperature-controlled warehouse facilities through its Global Warehousing segment and provides specialized cold-chain logistics through its Global Integrated Solutions segment. The company functions as a REIT, meaning its real estate assets are the core of its business model, serving food producers, distributors, and retailers globally.
Does LINE pay dividends?
Yes, Lineage pays a regular dividend. As a REIT, the company is structured to distribute the majority of its taxable income to shareholders. Investors should review the Weak Risk and Quality pillar ratings before treating the dividend as a reliable long-term income source.
When does LINE report earnings?
Lineage reports on a quarterly cadence, as is standard for US-listed REITs. Specific upcoming report dates are not confirmed in our data. For the latest schedule, check Lineage's investor relations page directly.
Is LINE a good stock to buy?
The UQS Score rates LINE as Poor, driven by Weak ratings across Quality, Moat, Growth, and Risk pillars. The Valuation pillar is Neutral, which is the only relative positive. Investors should weigh these fundamental concerns carefully. The full pillar breakdown is available to Pro members on UQS Score.
Is LINE overvalued?
The UQS Valuation pillar for LINE is rated Neutral, suggesting the stock is neither clearly overvalued nor attractively priced relative to its fundamentals. Given the Weak scores across other pillars, a Neutral valuation does not necessarily indicate a compelling entry point.
How does LINE compare to its competitors?
Lineage occupies a specialized niche in temperature-controlled warehouse real estate, which differentiates it from broader industrial REITs like First Industrial or infill-focused operators like Rexford. However, its Poor overall UQS Score suggests it currently ranks below many peers on fundamental quality metrics.
What is LINE's market cap bracket?
Lineage, Inc. is classified as a mid-cap company. This places it in a range where institutional coverage exists but liquidity and analyst attention may be less extensive than for large-cap REITs.
Who founded Lineage, Inc.?
Lineage, Inc. was founded in 2008. For detailed founding history and leadership background, Lineage's official website and investor relations materials provide the most accurate and up-to-date information.
Is LINE a long-term quality investment?
As a long-term quality indicator, the UQS Score rates LINE as Poor. Weak pillar ratings across Quality, Moat, Growth, and Risk suggest the business has not yet demonstrated the durable fundamentals typically associated with long-term compounders. Investors focused on quality should review the full analysis available to Pro members.
What is the main competitive advantage of Lineage, Inc.?
Lineage's primary differentiator is its scale in temperature-controlled warehouse infrastructure — a specialized asset class with high build costs and regulatory complexity. However, the UQS Moat pillar is rated Weak, indicating that this scale advantage has not yet translated into a clearly defensible competitive position by our scoring methodology.
What sector does LINE belong to?
LINE belongs to the Real Estate sector, specifically operating as a temperature-controlled warehouse REIT. This places it within industrial real estate but with a specialized focus on cold-chain logistics infrastructure rather than general-purpose distribution or storage facilities.
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Pro Analysis
LINE — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 26.8 | 8.1 | 31.0 | 25.3 | 26.3 | 53.4 | -0.3 |
| May 19, 2026 | 27.1 | 8.2 | 31.0 | 25.3 | 26.3 | 55.3 | -0.2 |
| May 7, 2026 | 27.3 | 10.1 | 31.0 | 25.7 | 24.7 | 54.7 | -0.2 |
| May 4, 2026 | 27.5 | 10.1 | 31.0 | 25.7 | 24.7 | 55.7 | -0.1 |
| May 3, 2026 | 27.6 | 10.1 | 31.0 | 26.5 | 24.7 | 55.7 | 0.0 |
| Apr 26, 2026 | 27.6 | 10.1 | 31.0 | 26.5 | 24.7 | 55.6 | 0.0 |
| Apr 19, 2026 | 27.6 | 10.1 | 31.0 | 26.5 | 24.7 | 55.3 | -0.7 |
| Apr 18, 2026 | 28.3 | 10.8 | 31.0 | 26.5 | 24.7 | 58.8 | +2.9 |
| Apr 14, 2026 | 25.4 | 10.8 | 31.0 | 26.5 | 24.7 | 39.4 | -0.3 |
| Apr 12, 2026 | 25.7 | 10.8 | 31.0 | 26.5 | 24.7 | 42.0 | -0.5 |
LINE — Pillar Breakdown
Quality
— 7.9/100 (25%)Lineage, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 25.3/100 (20%)Lineage, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 26.3/100 (15%)Lineage, Inc. presents elevated risk with concerns around leverage or financial stability.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 50.5/100 (15%)Lineage, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 31/100 (25%)Lineage, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for LINE.
Score Composition
Financial Data
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How is the LINE UQS Score Calculated?
The UQS (Unified Quality Score) for Lineage, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Lineage, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Lineage, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.