Company Analysis

Lineage, Inc. (LINE)

Nasdaq: LINE · Real Estate Investment Trusts · Novi, MI · filing with the SEC since 2021
Grade3.9
◀ Past 2.7● Present 4.2▶ Future 4.3
2 est.

The grade of Lineage, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.9/10
◀ Past2.725% of the headline
● Present4.245% of the headline
▶ Future4.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.7/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.0/10

Has it survived what it has been through?

1 warning event since 2021; the latest 2025-04-07.

weight 45% of this tense · 30th percentile among 174 sector filers · read for itself

From the record

Lineage, Inc.'s filings since 2021 show 1 warning event: an auditor change (8-K item 4.01, the latest 2025-04-07) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.8/10

What has it actually done, year after year?

+0.1% a year over 3 filed years; profitable in 0 of 3.

weight 33% of this tense · 28th percentile among 156 sector filers · read for its customers

From the record

Lineage, Inc.'s 3 filed years say what it did: revenue went from $5.3 billion in fiscal 2023 to $5.4 billion in fiscal 2025, up 0.1% a year; it rose in 1 of 2 years; the deepest fall was 0% from fiscal 2023 to fiscal 2024; net income was positive in 0 of 3 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span0.1%bottom 19% of its family
  • the share of years revenue rosebottom 13% of its family
  • the share of filed years with a profitbottom 2% of its family
  • the deepest fall from a revenue peak0.0%top 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
1.8/10

How has it treated the people who own it?

Share count grew 14.5% a year. 39% of cash flow returned. Insiders: 0 sales, 6 purchases.

weight 22% of this tense · 18th percentile among 156 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Lineage, Inc.'s diluted share count grew about 14.5% a year, and dividends and buybacks returned about 39% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 6 purchases of their own stock on the open market in the year to 2026-11-12, buying about $4 million (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 14% of its family
  • cash returned against operating cash flowbottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.2/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.1/10

Is it financially healthy right now?

ROE -1%: lost 1¢ per shareholder dollar. Leverage 52%: owes 52¢ per asset dollar.

weight 45% of this tense · 41st percentile among 171 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Lineage, Inc. lost about 1 cents for every dollar of shareholders' money, and gross profitability: its products earned about 9 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 52 cents per dollar of assets, and net share issuance: its share count grew 19.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 35% of its family
  • return on equitybottom 23% of its family
  • gross profit against assetstop 34% of its family
  • the share count against the year beforebottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.7/10

How strong is its position in its industry?

bottom 46% of 157 in its family; net margin -1.9%.

weight 33% of this tense · 46th percentile among 157 sector filers · read for its customers

From the record

Lineage, Inc.'s standing among 157 graded names in its industry family: revenue of $5.4 billion in fiscal 2025 ranks in the top 7% by size; a net margin of -1.9% ranks in the bottom 26%; revenue growth of 0.1% a year over the last 2 filed years ranks in the bottom 21% (its annual reports).

What it rests on

  • revenue against the family$5.36Btop 7% of its family
  • net margin-1.9%bottom 26% of its family
  • three-year revenue growth0.1%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
3.7/10

What are the people in charge doing?

SI estimate 3.7/10, confidence 35 of 100 (one part).

weight 22% of this tense · 37th percentile among 169 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 37% of 169 in its family; the record of its people begins on 2024-07-25 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.3 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2024-07-25 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.3 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 169 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Lineage, Inc.'s leadership is put at 3.7 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 37% of 169 in its family; the record of its people begins on 2024-07-25 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.3 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.3/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
2.5/10

How much room does it have to grow?

bottom 25% of 146 in its family for room to expand.

weight 22% of this tense · 25th percentile among 146 sector filers · read for itself

From the record

Lineage, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $66 million against debt of $6.1 billion leaves -31.5% of its assets as net cash, bottom 49% of its family; cash from operations less capital spending is 3.7% of revenue (bottom 14%); a gross margin of 32.1% (bottom 13%) (its annual report).

What it rests on

  • cash less debt against assets-31.5%bottom 49% of its family
  • cash from operations less capital spending against revenue3.7%bottom 14% of its family
  • gross margin32.1%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.6/10

What could actually drive growth from here?

bottom 46% of 153 in its family for growth drivers.

weight 33% of this tense · 46th percentile among 153 sector filers · read for its customers

From the record

Lineage, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 0.1% a year over the last three filed years against 0.1% over all 3, speeding up (top 39% of its family); the newest year grew 0.3% (bottom 36%); capital spending grew -2.8% a year (bottom 42%) (its annual reports). Lineage, Inc. reported 2 lines of business in fiscal 2025: Global Warehousing at $4.0 billion (74%), Global Integrated Solutions at $1.4 billion (26%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 39% of its family
  • the newest year's revenue growth0.3%bottom 36% of its family
  • three-year growth of capital spending-2.8%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
5.0/10

Did its newest year beat what its own record pointed to?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 150 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 150 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 150 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Lineage, Inc.'s expectations vs reality is put at 5.0 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 150 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton LINE · research, not advice