profit from every $100 of sales.
$0$100
Lineage
$35.40+1.49% today
+6.0% in 1 year
1-year low $31.801-year high $45.10
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Lineage sold, what it kept, and what it did with the cash.
Sales went from $4.93 billion in 2022 to $5.36 billion in 2025, with -$100 million of profit last year.
SalesProfit
Lineage handed back more cash to shareholders than it generated last year.
$537M
Free cash flow 2025$196M
Bought back its own shares$82M
Paid as dividends$537M
Cash vs. debt$66M vs. $8.0B
Lineage vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Lineage | No profit yet | ||
 Prologis | 38.0× · Expensive | ||
 Public Storage | 35.2× · Expensive | ||
 Extra Space Storage | 35.7× · Expensive | ||
 SEGRO | 22.6× · Fair price |
AI analysis
An AI analyst reads Lineage's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 4,928 | 5,342 | 5,340 | 5,355 | |
| 1,455 | 1,752 | 1,762 | 1,721 | |
| 378 | 490 | 347 | 252 | |
| 976 | 1,238 | 547 | 1,111 | |
| -63 | -77 | -664 | -100 | |
| -0.29 | -0.35 | -3.70 | -0.43 | |
| 29.5% | 32.8% | 33.0% | 32.1% | |
| 7.7% | 9.2% | 6.5% | 4.7% | |
| -1.3% | -1.4% | -12.4% | -1.9% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 18,557 | 18,871 | 18,661 | 19,185 |
| Cash | 171 | 68 | 175 | 66 |
| Total debt | 10,690 | 11,049 | 6,878 | 7,989 |
| Total liabilities | 12,452 | 12,849 | 8,967 | 9,942 |
| 5,167 | 5,051 | 8,638 | 8,246 | |
| 221 | 221 | 191 | 228 | |
| 1.5% | 2.3% | -1.7% | 1.1% | |
| -1.2% | -1.5% | -7.7% | -1.2% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 501 | 796 | 703 | 943 | |
| 813 | 766 | 691 | 747 | |
| -312 | 30 | 12 | 196 | |
| Dividends paid | 180 | 46 | 234 | 537 |
| 8 | 30 | 119 | 82 | |
| 17 | 26 | 215 | 126 |
Valuation
- –
- –
- –
- 1.2×
- 1.6×
- 44.9×
- 15.1×
- 2.2%
- -1.1%
- 5.5%
Profitability
- 32.1%
- 4.7%
- -1.9%
- 25.4%
- 1.1%
- 0.8%
- -1.8%
- -0.8%
- 1.4%
- –
Growth
- +2.8%
- –
- +1,533.3%
- –
- +1.1%
Financial health
- 7.1×
- 0.97
- 43.0%
- 0.7×
- 0.80
- 0.76
- 0.28
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 12%of 746
Bottom 9%of 752
Bottom 29%of 762
Bottom 28%of 763
What analysts expect
- Average price target
- $38.22
- Range
- $32.00 – $45.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | -0.18 | -0.23 | +20.1% |
| Feb 25, 2026 | 0.03 | -0.08 | +136.7% |
| Nov 5, 2025 | -0.44 | 0.78 | −156.4% |
| Aug 6, 2025 | -0.03 | 0.75 | −104.0% |
| Apr 30, 2025 | 0.01 | 0.82 | −98.8% |
| Feb 26, 2025 | -0.33 | 0.71 | −146.5% |
| Nov 6, 2024 | -2.44 | -1.63 | −49.7% |
| Jul 25, 2024 | -0.46 | 0.81 | −156.4% |
5.5%of the share price, paid each year
On $1,000 invested$55a year at today's yield, before tax
–per share
Raised1 yearin a row, in our data
Paid per share, each year
$0.91 in 2024 → $2.11 in 2025
How safe it looks
-367.1% of its profit
Room to growStretchedMore than it earns: 274.0%
News
Integra Resources Corp. Non-GAAP EPS of $0.06 in-line, revenue of $72.4M beats by $1.03MSeeking Alpha · Nov 11, 2026Riskified beats top-line and bottom-line estimates; updates FY26 outlookSeeking Alpha · Nov 11, 2026Valens Semiconductor beats top-line estimates; reaffirms FY26 outlookSeeking Alpha · Nov 11, 2026Protalix BioTherapeutics beats top-line and bottom-line estimates; reaffirms FY26 outlookSeeking Alpha · Nov 10, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
26No pass
Benjamin Graham
17No pass
Philip Fisher
26No pass
Peter Lynch
29No pass
Joel Greenblatt
40No pass
Charlie Munger
25No pass
Terry Smith
18No pass
Questions about Lineage
Is Lineage a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Lineage AI analysis
What does Lineage do?
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. It is in REIT - Industrial, based in Novi, MI, United States, with 24,000 employees.
Does Lineage pay a dividend?
Yes. At today's price the dividend is 5.5% a year. In 2025 it paid out $537 million in dividends.
Is Lineage stock halal?
No. Lineage does not pass our halal screen: its debt is 91% of its market value, at or above the 33% limit. How we check
How has Lineage stock done over the past year?
Up 6.0% over the past twelve months, to $35.40. It traded between $31.80 and $45.10 and is 21.5% below its high.
Who are Lineage's competitors?
The largest listed companies in the same industry are Prologis, Public Storage, Extra Space Storage and SEGRO. The peers table on this page compares their profit, growth and price with Lineage's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.