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Lineage, Inc. (LINE) company profile

LINENasdaqReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 8/3021% above fair value
$35.31+0.38 (+1.09%)

Close on Nov 13, 2026Market cap $8.04BP/E –Yield 5.98%

About Lineage

Real Estate Investment Trusts, SIC 6798

Lineage operates as a temperature-controlled industrial real estate investment trust (REIT) providing cold-storage warehousing and end-to-end supply chain services. The business functions through two primary segments: Global Warehousing, which provides temperature-controlled storage and handling services for frozen and perishable goods across distribution, public, production-advantaged, and managed facilities; and Global Integrated Solutions, which offers complementary transportation logistics—including freight forwarding, over-the-road trucking, port drayage, rail car leasing, and less-than-truckload consolidation—as well as foodservice distribution and fulfillment. The company caters to food producers, manufacturers, agricultural processors, grocery retailers, and foodservice distributors.

The company operates a global network of 501 warehouses spanning approximately 88 million square feet and 3.1 billion cubic feet of capacity across North America (326 facilities), the Asia-Pacific region (89 facilities), and Europe (86 facilities). Its operational footprint spans 36 U.S. states and multiple international markets, including Canada, the United Kingdom, Continental Europe, Australia, and New Zealand, with heavy concentration in high-density metropolitan markets and major commercial ports. The provided text does not state the company's headquarters location.

Summary of the business section of Lineage's latest annual report, written by StockData.

Company profile

Company

Legal name
Lineage, Inc.
Headquarters
Novi, MI
Address
46500 Humboldt Drive 48377
Phone
(800) 678-7271
Employees
24,000, Dec 31, 2025
Industry
Real Estate Investment Trusts
Incorporated in
Maryland
Fiscal year ends
December 31
Auditor
PricewaterhouseCoopers LLP, Detroit, Michigan

Stock & identifiers

Ticker
LINE
Exchange
Nasdaq
IPO date
Jul 26, 2024
Shares outstanding
228M, Jul 30, 2026
Public float
$3.10B, Jun 30, 2025
Filer category
Large accelerated filer
SEC CIK
1868159
CUSIP
53566V106
ISIN
US53566V1061
FIGI
BBG01NJDR0W4
Share class FIGI
BBG01NJDR1R8
EIN
00-0000000

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Kevin Patrick MarchettiCo-Executive Chairman, Director155,587,807
Greg LehmkuhlPresident & CEO, Director136,045
Adam Matthew Schwartz ForsteCo-Executive Chairman, Director155,843,005
Kelly BurlageChief Human Resources Officer11,518
Robb A. LeMastersChief Financial Officer109,500
Abigail S. FlemingChief Accounting Officer18,277
Timothy Conrad SmithChief Commercial Officer23,234
Sudarsan V. ThattaiSee Remarks10,563
Brian Jeffrey McGowanSee Remarks23,723
Gregory A. BryanSee Remarks.28,162
Jeffrey Alvarez RiveraSee Remarks.8,684
Natalie MatslerSee Remarks.2,253
Robert CrisciChief Financial Officer107,859
Sean Robert VanderelzenChief Human Resources Officer37,318
Paul Gijsbert BeiboerDirector3,672
Nancy Joy FaloticoDirector18,517
Michael John TurnerDirector11,612
Shellye L. ArchambeauDirector12,112
Lynn A. WentworthDirector17,226
BG Lineage Holdings, LLCDirector155,275,349

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer group
FY2025$19.96M-$10.30M$4.03M$45$106
FY2024$69.34M$44.76M$18.51M$72$103

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Executive compensation, fiscal 2025

Summary compensation table from the latest proxy statement

ExecutiveSalaryStock awardsIncentive payOtherTotalvs. prior year
Greg Lehmkuhl
President and Chief Executive Officer
$1.20M$18.29M$210.00K$260.59K$19.96M-71%
Robb LeMasters
Chief Financial Officer
$67.31K$1.37M––$1.44M–
Jeffrey Rivera
Global Chief Operations Officer
$660.00K$3.17M$195.53K$122.94K$4.15M-68%
Sudarsan Thattai
Chief Transformation Officer
$647.50K$3.05M$111.15K$93.81K$3.90M-87%
Timothy Smith
Chief Commercial Officer
$550.00K$2.05M$84.15K$137.26K$2.82M-77%
Rob Crisci
Former Chief Financial Officer
$709.23K$7.17M$133.72K$70.84K$8.08M-58%
Sean Vanderelzen
Former Chief Human Resources Officer and President, Europe
$550.00K$2.63M$181.50K$414.88K$3.78M-63%

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

IPO

From the final prospectus (Form 424B4) and the first day of trading

Offering

Type
Initial public offering
Final prospectus filed
Jul 26, 2024
Offer price
$78.00
Securities offered
56,882,051
Gross proceeds
$4.44B
Exchange
Nasdaq
First trading day
Jul 25, 2024
First-day close
$80.78+3.6%
Lock-up ends (est.)
Jan 21, 2025

“The initial public offering price of our common stock is $78.00 per share.”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

Employees

Headcount reported in annual reports

“As of December 31, 2025, we employed approximately 24,000 people worldwide.”

Corporate history

Events identified from SEC filings

DateEventDetails
Feb 20, 2026ListingRegistration of securities on an exchange (Form 8-A)
Dec 18, 2025MergerRegistration of securities for a merger or exchange offer (S-4)
Apr 7, 2025Auditor changeChange in certifying accountant (8-K Item 4.01)
Jul 26, 2024IPOInitial public offering priced (424B4 prospectus)
Jul 25, 2024ListingRegistration of securities on an exchange (Form 8-A)
Jul 8, 2021Name changeName changed from Lineage Growth Properties, Inc. to Lineage, Inc.

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