LINE · Lineage, Inc.
$39.55
-1.01 (-2.49%)
At close · Aug 27
View the 10-K filed Feb 25, 2026
Customer concentration
— top 25 customers 33% of revenue
25 customers — 33% of revenue (the year ended December 31, 2025)
“Our 25 largest customers contributed approximately 33% of our total revenues for the year ended December 31, 2025.”
4 customers — 2% of revenue (the year ended December 31, 2025)
“As of December 31, 2025, we had four customers that each accounted for at least 2% of our total revenues for the year ended December 31, 2025.”
Market Cap
$9.36B
Shares
227.71M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$39.55
Open$40.22
Day$39.55–40.87
52W close$31.80–45.10
Avg vol 30d903K
Short int5.9M · 2.6% float · 6.2d
Short vol68%
Last earningsAug 5, 2026
DataJul 2024–Aug 2026
Filing10-Q · Aug 5
Up next
Next earnings call
Nov 4, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 5, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Weak
Sentiment
Very Bullish
Fundamentals
Strong
Quant / Vol
Moderate
Market backdrop
VIX 14.5 · calm
Equity put/call 0.39
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+3%
above
Price vs 50-day avg
−7%
below
RSI (14)
39
neutral
MACD trend
Negative
52-week position
58%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−8%
trailing
6-month return
0%
trailing
YTD return
+13%
this year
Relative strength
−15%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $42 › 200d $38 — 50d above 200d
Institutional flow
Accumulating
+5% holders QoQ · +66 funds added
Insider flow
Accumulating
Net +$826.6K over 90 days · 0% sells
Short interest
Falling
2.58% of float · ▼ -5.4% MoM · 6.2 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
328 holders — near 2-yr high, broad support
Squeeze score
57
elevated · 0–100
Fundamentals
Revenue growth
+0%
Y/Y
EPS growth
+88%
Y/Y
Free cash flow
$196.0M
Balance sheet
$5.9B
net debt
Quant / Vol
risk profile
Volatility
38%
annualized · 1-yr
Max drawdown
−26%
past year
ATR
3.2%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 5, 2026
2026 Full-Year
Same Store NOI Y/Y Growth
Initiated
-3% – 0%
full-year 2026
Adjusted EBITDA
Non-GAAP
Maintained
$1.26B – $1.29B
May 6, 2026
$1.25B – $1.3B
changed to
Aug 5, 2026
$1.26B – $1.29B
Adjusted FFO per share
Non-GAAP
Initiated
$2.80 – $3.05
Full-Year 2026
AFFO Per Share
Non-GAAP
Initiated
$2.80 – $3.05
Prior guidance
period ended
· from the 8-K filed Nov 5, 2025
Adjusted EBITDA
· fourth quarter 2025
$319M – $334M
AFFO per share
· fourth quarter 2025
$0.68 – $0.78
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+3%
Bullish
Price vs 50-day avg
−7%
Bearish
RSI (14)
39
Neutral
MACD trend
Negative
Bearish
52-week position
58%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 4 of 6
Trend (MA cross)
No cross
50d $42 › 200d $38 — 50d above 200d
Institutional flow
Accumulating
+5% holders QoQ · +66 funds added
Insider flow
Accumulating
Net +$826.6K over 90 days · 0% sells
Short interest
Falling
2.58% of float · ▼ -5.4% MoM · 6.2 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
328 holders — near 2-yr high, broad support
Price context
position in its 52-week range
Range low $32
Now $40 · 58%
Range high $45
vs 200-day avg +3%
vs 50-day avg -7%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $1.3B | Twelve Months Ended June 30, 2026 | +0.3% |
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| Adjusted EBITDA margin non-GAAP | 23.9% | Six Months Ended June 30, 2026 | — |
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| Adjusted FFO non-GAAP | $399M | Six Months Ended June 30, 2026 | — |
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| Adjusted FFO per diluted common share non-GAAP | $1.55 | Six Months Ended June 30, 2026 | — |
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| Average occupied economic pallets | 8.16M | Six Months Ended June 30, 2026 | — |
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| Average physical occupied pallets | 7.56M | Six Months Ended June 30, 2026 | — |
| Average physical pallet positions | 10.2M | Six Months Ended June 30, 2026 | — |
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| Cubic feet of capacity | 3.1B | as of June 30, 2026 | — |
| Diluted common shares outstanding | 259M | As of June 30, 2026 | — |
| Economic occupancy percentage | 80% | Six Months Ended June 30, 2026 | — |
| External growth capital investments | $240M | Six Months Ended June 30, 2026 | — |
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| Global Integrated Solutions margin | 17.1% | Q2 2026 | — |
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| Global Integrated Solutions segment NOI | $61M | Q2 2026 | — |
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| Integration capital expenditures | $27M | Six Months Ended June 30, 2026 | — |
| LTM Adj. EBITDA non-GAAP | $1.3B | As of June 30, 2026 | — |
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| Net debt non-GAAP | $7.83B | As of June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Gross debt $7.89B
-$57M Less: Cash and cash equivalents (excluding restricted cash)
= Net debt $7.83B
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| NOI Margin non-GAAP | 31.9% | Six Months Ended June 30, | — |
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| Number of facilities | 498 | as of June 30, 2026 | — |
| Number of non-same warehouse sites | 56 | Three Months Ended June 30, 2026 | — |
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| Number of same warehouse sites | 423 | Six Months Ended June 30, 2026 | — |
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| Number of warehouse sites | 479 | Six Months Ended June 30, 2026 | — |
| Physical occupancy percentage | 74.1% | Six Months Ended June 30, 2026 | — |
| Repair and maintenance expenses | $53M | Q2 2026 | — |
| Same store warehouses (Q2 2026 Pool) non-GAAP | 423 | June 30, 2026 | — |
| Square feet of capacity | 87M | as of June 30, 2026 | — |
| Storage revenue per economic occupied pallet | $62.95 | Six Months Ended June 30, 2026 | — |
| Storage revenue per physical occupied pallet | $67.9 | Six Months Ended June 30, 2026 | — |
| Throughput pallets | 27.46M | Six Months Ended June 30, 2026 | — |
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| Total segment NOI non-GAAP | $849M | Six Months Ended June 30, | — |
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| Transaction adjusted EBITDA non-GAAP | $1.3B | As of June 30, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Adjusted EBITDA $1.3B
-$3M Impact of unstabilized development projects
-$1M Effect of acquisitions & divestitures as if impacting the entire period
= Transaction Adjusted EBITDA $1.3B
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| Warehouse services revenue per throughput pallet | $32.02 | Six Months Ended June 30, 2026 | — |
| Adjusted diluted weighted average common shares outstanding non-GAAP | 257M | Three Months Ended March 31 | — |
| Adjusted EBITDA Growth non-GAAP | 3.3% | Q1 2026 | — |
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| Average economic occupied pallets | 7.69M | Q1 2026 | — |
| Average occupied economic pallets (in thousands) | 8.06M | Three Months Ended March 31, 2026 | — |
| Core FFO non-GAAP | $82M | Three Months Ended March 31, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP FFO $51M
-$1M Net (gain) loss on sale of non-real estate assets
+$18M Finance lease ROU asset amortization - real estate
+$0M Impairment of other non-real estate assets
-$1M Other nonoperating (income) expense, net
+$15M Acquisition, restructuring, and other
+$6M Technology transformation
-$3M (Gain) loss on property destruction
-$3M (Gain) loss on foreign currency transactions, net
= Core FFO $82M
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| EBITDA non-GAAP | $270M | Three Months Ended March 31, 2026 | — |
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| EBITDAre non-GAAP | $270M | Three Months Ended March 31, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP EBITDA 270M
+0M Net loss (gain) on sale of real estate assets
+0M Impairment of real estate assets
+0M Allocation of EBITDAre of noncontrolling interests
= EBITDAre 270M
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| Economic Occupancy non-GAAP | 82% | Q1 2026 | — |
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| Global warehousing segment NOI non-GAAP | $364M | Three Months Ended March 31, 2026 | — |
| Non-same warehouse NOI non-GAAP | $17M | Three Months Ended March 31, 2026 | — |
| Physical Occupancy non-GAAP | 76.4% | Q1 2026 | — |
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| quarterly dividend | $0.53 | Q1 2026 | — |
| Recurring maintenance capital expenditures | $31M | Q1 2026 | — |
| Same Store NOI non-GAAP | -0.9% | Q1 2026 | — |
| Same store warehouses (Q1 2026 pool) non-GAAP | 426 | Q1 2026 | — |
| Same warehouse NOI non-GAAP | $347M | Three Months Ended March 31, 2026 | — |
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| Same warehouse NOI (Q1 2026 pool) non-GAAP | $347M | Q1 2026 | — |
| Services Revenue per Throughput Pallet non-GAAP | $32.06 | Q1 2026 | — |
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| SS Rent, Storage and Blast Revenue per Physical Pallet | 2.2% | Q1 2026 | — |
| SS Services Revenue per Throughput Pallet | 0.5% | Q1 2026 | — |
| Total same warehouse margin non-GAAP | 38.5% | Q1 2026 | — |
| Total same warehouse NOI non-GAAP | $350M | Q1 2026 | — |
| Warehouses non-GAAP | 426 | Q1 2026 | — |
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| Annualized dividend rate per share | $2.11 | Q4 FY2025 | — |
| Estimated Stabilized NOI from Greenfield and Expansion Projects | $185M | As of December 31, 2025 | — |
| Facilities (network) | 500 | Full-Year 2025 | — |
| FFO non-GAAP | $245M | Year Ended December 31, 2025 | — |
| Incremental NOI from Greenfield and Expansion Projects | $154M | As of December 31, 2025 | — |
| Largest Customer Revenue Concentration | 3.6% | Year Ended December 31, 2025 | — |
| NOI Growth non-GAAP | -1.7% | FY 2025 | — |
| Non-same warehouse economic occupancy percentage | 70% | Q4 2025 | — |
| Non-same warehouse physical occupancy percentage | 66.6% | Q4 2025 | — |
| Quarterly dividend per share | $0.53 | Q4 FY2025 | — |
| Same store warehouses (Q4 2025 pool) non-GAAP | 413 | Q4 2025 | — |
| Same warehouse economic occupancy percentage | 85.3% | Q4 2025 | — |
| Same warehouse NOI (Q4 2025 pool) non-GAAP | $340M | Q4 2025 | — |
| Same Warehouse NOI Growth non-GAAP | -5.8% | FY 2025 | — |
| Square feet (network) | 88M | Full-Year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Industrial — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LINE
this stock
Lineage, Inc.
|
$9.36B | +13.0% | +0.3% | — | 2.6% |
|
PLD
Prologis, Inc.
|
$132.94B | +11.1% | +7.2% | 35.9 | 1.7% |
|
PSA
Public Storage
|
$55.74B | +19.9% | +2.7% | 30.3 | 3.0% |
|
EXR
Extra Space Storage Inc.
|
$30.17B | +9.7% | +3.7% | 31.6 | 2.3% |
|
EGP
Eastgroup Properties Inc
|
$10.75B | +12.3% | +12.7% | 35.1 | 3.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LINE | -4.6% | -7.7% | +0.1% | -6.7% | +13.0% |
| SPY | +1.1% | +4.0% | +14.7% | +3.2% | +13.1% |
| vs SPY | -5.7% | -11.7% | -14.6% | -9.9% | -0.1% |
Capital returns
Latest dividend
$0.533
/ share · ex Jun 30, 2026
Paid (TTM)
$2.122
/ share · 4 payouts
Dividend yield (TTM, derived)
5.37%
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1868159
CUSIP
53566V106
13F (30d)
264 filings
263 filers
Visit website
Investor relations