Lineage LINE
United StatesReal Estate · REIT - IndustrialUSD
43.79 USD (+28.0%)
19 analysts
Trading 2120.30 €Open account ↗
Lightyear0.90 €Open account ↗
N260.90 €Open account ↗
XTB1.00 €★ featured · affiliateOpen account ↗Trading 2120.30 €Open account ↗Lightyear0.90 €Open account ↗XTB1.00 €★ featured · affiliateOpen account ↗200.00 € order · cheapest cheapest available in your country iCompare all 22 brokers →What does it do?
Lineage, Inc. is an industrial REIT that operates a global network of cold storage warehouses, offering storage and logistics solutions for perishable products.
Key points
from its scores- ✕Little competitive advantage3.5
- ✕Fragile balance sheet3.9
- ✕Weak growth4.4
AI analysis
bottom line, main risk, context and newsHigh leverage and sensitivity to interest rates make Lineage vulnerable in the current environment, despite its attractive dividend yield and fair valuation.
Lineage presents a highly leveraged balance sheet (Net Debt/EBITDA of 7.22x) and negative return on equity (ROE of -2.04%), reflecting a low-quality business with a limited moat. Its valuation is fair (P/B of 0.99) and it offers a net dividend yield of 6.23%, but the context of rising interest rates in the US is an additional drag on its financial health and valuation.
The main risk is its high leverage (Net Debt/EBITDA of 7.22x) in a rising interest rate environment, which makes refinancing its debt more expensive and pressures its valuation as a long-duration asset.
Context and risks
Lineage is an industrial REIT with very high leverage (Net Debt/EBITDA of 7.22x), which directly exposes it to the tightening of financial conditions and the rise in long-term interest rates in the US (the 10-year yield is up to 5.28%). Its business model, based on cold storage warehouses, is capital-intensive and depends on external financing to grow and refinance its debt.
Is Lineage stock cheap or expensive?
at the analysis dateOn Price / book, it trades 31% below the Real Estate median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| EV / EBITDA | 14.8 | 18.5 | −20% |
| Price / book | 1.0 | 1.4 | −31% |
| Price / sales | 1.6 | 6.3 | −75% |
Sector: median of the 100 Real Estate companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.7 out of 10 (median for Real Estate: 4.9).
Average analyst target: 43.79 USD, +28.0% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 3.9 (sector 5.5), Growth 4.4 (sector 5.7).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Real Estate medianValuation
- Forward P/E
- −49.6
- EV / EBITDA
- 14.8
- Price / book
- 1.0
- Price / sales
- 1.6
- Market cap
- 8.5B USD
- Enterprise value
- 17.1B USD
Profitability
- ROE
- −2.0%
- ROA
- 0.8%
- ROIC (approx.)
- 1.2%
- Gross margin
- 32.0%
- Operating margin
- 3.7%
- Net margin
- −3.1%
- Free cash flow
- 926.8M USD
- FCF yield
- 10.9%
- Cash conversion
- 80%
Solvency
- Total debt
- 8.4B USD
- Net debt
- 8.4B USD
- Cash
- 58.0M USD
- EBITDA
- 1.2B USD
- Net debt / EBITDA
- 7.22
- Debt / equity
- 95.01
- Current ratio
- 0.78
- Quick ratio
- 0.61
Growth
- Revenue growth
- +0.8%
- EPS (TTM)
- −0.72 USD
- EPS (forward)
- −0.69 USD
Dividend
- Dividend yield
- 6.2%
Risk and market
- Beta
- 0.93
- Analyst consensus
- Hold (19)
- Target price
- 43.79 USD
- 52-week range
- 31.33 – 45.75
Recent news
All LINE news →Compare it with its sector
All 100 in Real Estate →Frequently asked questions about Lineage
Is Lineage stock cheap or expensive?
On Price / book, it trades 31% below the Real Estate median. Valuation score: 4.7 out of 10 (median for Real Estate: 4.9). Average analyst target: 43.79 USD, +28.0% versus the price. This is not investment advice.
What score does Lineage get on MeridIAn Screener?
It scores 4.8 out of 10, rank 1,783 of 2,130 (better than 16% of the companies analysed). Its strongest category is Risk & Context (6.1) and its weakest, Quality / Moat (3.5). Analysis of 08/10/2026.
How much is Lineage worth on the stock market?
Its market capitalisation is 8.5B USD.
Does Lineage pay a dividend?
Yes: its dividend yield is 6.23%.
How has Lineage stock performed over the last year?
It has fallen 8.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 31.33 and 45.75 USD. Past performance does not guarantee future results.
What do analysts think of Lineage?
19 analysts cover it; their average recommendation is “Hold” and their average target is 43.79 USD (+28.0% versus the price). It is an estimate, not market data.