Lineage, Inc. (LINE) is a publicly traded company in the Real Estate — REIT - Industrial industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
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.
Is Lineage, Inc. stock overvalued or undervalued in 2026?
As of October 28, 2026, Lineage, Inc. (LINE) trades at $35.36 with no positive earnings over the last twelve months, according to Kaplio. At its 10-year average P/FFO (26.3×) $92 (+159 %); at the decade median (21.3×) $75 (+111 %).
Kaplio overview: Lineage, Inc.
Market cap $8B · 52 weeks $32 – $45 (21 % below the high) · P/E no earnings · Dividend 6.0 % · Next earnings November 9, 2026 · expected EPS $-0.22 · Closing price, Oct 28 · accounts published Aug 5.
- Valuation: P/FFO 10.1× (expensive).
- Business: FFO/dividend 1.5× (solid).
- Balance sheet: Net debt/EBITDA 8.2× (fragile).
- Earnings: 3 of 8 (no verdict).
What would it be worth at its usual multiples?
At its 10-year average P/FFO (26.3×) $92 (+159 %); at the decade median (21.3×) $75 (+111 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in REITs: 3 of 5 pass
- Net debt / EBITDA 8.2×, fails.
- P/FFO 10.1×, fails.
- Dividend coverage (FFO/div) 1.5×, passes.
- Debt / Assets 45.1 %, passes.
- FFO Payout (proxy) 56.9 %, passes.
- FFO / Share $3.50, info.
Against its peers (reference peers) — Lineage, Inc.: P/B 1.0×; Div. yield 6.0 %; EV/EBITDA 11.8×; $8.1B. Americold Realty Trust, Inc. (P/B 1.7×; Div. yield 6.4 %; EV/EBITDA 125×; $4.0B), Rexford Industrial Realty, Inc. (P/B 1.1×; Div. yield 4.7 %; EV/EBITDA —; $8.8B), First Industrial Realty Trust, Inc. (P/B 2.6×; Div. yield 3.6 %; EV/EBITDA 14.1×; $7.2B).
Expensive or cheap against its last ten fiscal years?
Precio / FFO (aprox.) at each close: today 10.1× · median 21.3× · minimum 8.5× · maximum 51.6× · cheap below 17.0× · expensive above 37.5×. It has been cheaper than today only 20% of the time over its last ten fiscal years.
Dividend
tight (only raised recently) · Yield 6.0 % ($2.36 per share in 2025) · Years raising it 2 · Free cash flow coverage FFO payout 57 % · With $1,000 invested today you'd collect $60.10 a year ($5.01 a month).
Profitability
| Return on Equity | -2.07% |
| Return on Invested Capital | 1.56% |
| Return on Assets | -0.89% |
| Gross Margin | 10.97% |
| Operating Margin | 5.03% |
| Net Margin | -3.15% |
Financial Health
| Debt / Equity | 1.01 |
| Current Ratio | 0.78 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 0.61 |
Price Performance
| 1 month | +0.80% |
| 3 months | -16.57% |
| Year-to-date | +1.00% |
| 1 year | -7.56% |
Dividend History
Paid in the last 12 months: $2.1250 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-30 | $0.5325 |
| 2026-06-30 | $0.5325 |
| 2026-03-31 | $0.5325 |
| 2025-12-31 | $0.5275 |
| 2025-09-30 | $0.5275 |
| 2025-06-30 | $0.5275 |
| 2025-03-31 | $0.5275 |
| 2024-12-31 | $0.5275 |
| 2024-09-30 | $0.3800 |
Amounts adjusted for stock splits.
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Explore sector: Real Estate · REIT - Industrial
More sections of LINE: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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