NASDAQ: LINE
Key Data Points
The logistics giant is relatively new to the public markets, completing its initial public offering (IPO) in July 2024. The REIT raised $4.4 billion at an implied market value of $18 billion, making it the biggest IPO of the year and the largest real estate IPO of all time.
IPO
The industrial REIT has grown significantly over the years. It started with one warehouse in late 2008 and has made more than 100 acquisitions over the years to build the world's top player in cold storage. Despite already being the top dog in the industry, Lineage Inc. has significant growth opportunities ahead.
That growth potential makes it an intriguing investment opportunity. Here's how to invest in Lineage Inc. and other key players in the logistics real estate sector.
Is Lineage Inc. publicly traded?
Yes, Lineage Inc. is a publicly traded company. The world's leading temperature-controlled warehouse REIT put its IPO on the calendar in 2024 and completed it in July 2024.
It sold 57 million shares at $78 apiece, which was near the top end of its range, valuing the company at more than $18 billion. It was the biggest IPO since Arm Holdings (ARM +0.54%) raised $4.8 billion in September 2023.
How to buy Lineage Inc. stock
Now that Lineage Inc. is a publicly traded company, anyone can buy its stock. It trades on the Nasdaq Stock Exchange under the stock ticker LINE.
- Open your brokerage account: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
Is Lineage Inc. profitable?
It's important to analyze a company's profitability before buying shares. Profit growth tends to be the primary driver of a stock's performance over the long term. With that in mind, here's a look at Lineage Inc.'s profitability.
The leading temperature-controlled warehouse REIT delivered its first quarterly earnings report as a public company in November 2024. The report showed that Lineage Inc. is profitable. As of 2025, the Q2 report showed that Lineage Inc. has started to operate at a small loss of roughly $6 million.
It should be noted that generally accepted accounting principles (GAAP) metrics like net income aren't the best way to measure a REIT's profitability. Rather, the best metric is adjusted funds from operations (FFO), a non-GAAP metric that measures the cash flows a REIT produces in a period. In Q2 2025, Lineage Inc. reported $211 million of adjusted FFO, or $0.80 per share, up 55.1% and 8%, respectively.
Funds from Operations (FFO)
Does Lineage Inc. pay a dividend?
Lineage Inc.'s strong profitability right out of the gates enabled the company to initiate a quarterly dividend. As of 2025, it makes a dividend payment of $0.53 per share at a net yield of 5.28%. With its dividend payment comfortably below its adjusted FFO, Lineage Inc. retains plenty of cash to fund new investments.
The REIT should continue to grow. During the third quarter, it opened a new, fully automated cold storage warehouse in Hazleton, Pennsylvania. It also acquired ColdPoint Logistics for $223 million in November 2024, expanding its strategic presence in the Kansas City market.
Should I invest in Lineage Logistics?
Investing is a personal endeavor. Not every stock is right for all investors. With that in mind, here are some reasons you might want to invest in Lineage Inc.
- You believe investing in Lineage Inc. would help diversify your portfolio by adding real estate and a company with exposure to the food supply chain sector.
- You want to invest in companies that pay dividends.
- You think Lineage Inc. can grow its profits at an above-average rate in the future.
- You want to invest in a profitable company.
- You want to invest in companies with a strong balance sheet.
On the other hand, here are some reasons you might decide Lineage Inc. isn't right for you:
- You don't understand Lineage Inc.'s business model or how it makes money.
- You already own several REITs, including those with exposure to the cold storage sector.
- You don't want to invest in dividend-paying stocks.
- You'd prefer to invest in companies with much higher growth potential.
ETFs with exposure to Lineage Inc.
As a relative newcomer to the public markets, Lineage Inc. has made it into exchange-traded funds (ETFs) as of 2025, with 62 ETFs holding the stock. Currently, the biggest holder of Lineage Inc. is the Vanguard Real Estate ETF (VNQ -0.07%) with 2.97 million shares in its portfolio.
Exchange-Traded Fund (ETF)
The bottom line on Lineage Inc.
Lineage Inc. completed the biggest IPO of 2024 and the largest public offering ever in the real estate sector. While it's already the global leader in operating temperature-controlled warehouses, the REIT plans to grow even bigger by continuing to consolidate the industry and invest in building new cold storage facilities. Those investments should help grow its profitability, increasing shareholder value over the long term.
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