Lineage Inc. Common Stock (LINE)

FairStock Score: 60/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I have watched enough warehouse operators to respect Lineage's scale: 498 facilities, 87 million square feet, and 3.1 billion cubic feet of temperature-controlled capacity. That network can be a real advantage because cold-chain space is hard to replace. But the financials do not yet show a durable earning machine. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $1.4B and net income was -$29.0M. For FY2025, ended 2025-12-31, revenue was $5.4B and net income was -$100.0M; FY2024 lost $664.0M, and FY2023 lost $77.0M. FairStock's revenue growth is only 0.81%, and profit growth is negative. Because this is a REIT, depreciation distorts EPS and P/E, so I set aside the Graham Number. FFO/AFFO are the right measures, but they are not in the data. I therefore lean on the 5.79% dividend yield, 0.95 debt-to-equity, 1.00 price-to-book, and the 3.1% trailing FCF yield. That FCF yield is below the dividend yield, so dividend coverage is a question. The Altman Z-score of 0.32 and Piotroski score of 4/9 add caution. At $34.49 on 2026-10-13, the P/B of 1.00 is not demanding if assets are sound, but the losses, leverage, and lack of REIT cash-flow disclosure keep me in the 'show me' camp.

In plain English: Lineage owns and runs cold-storage warehouses around the world, with a large network of facilities. The business looks weak right now because it has lost money in each of the last four years and revenue is barely growing. At the recent price, the stock trades near the value of its net assets on the books and pays a high dividend, so it does not look obviously expensive, but the losses and debt make it risky rather than clearly cheap.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer