Lineage, Inc. LINE
Lineage, Inc. (NASDAQ: LINE) is the world's largest global temperature-controlled warehouse REIT with a network of over 500 strategically located facilities totaling approximately 88 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. 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.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-06) — 8-K, EX-99.1.
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.
Dividends
| 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).
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 |
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.