Lineage, Inc. (LINE)

Lineage, Inc. completed its IPO in July 2024, becoming the largest REIT IPO of that year. Since its IPO, the company's stock price has declined significantly. Lineage's revenue in 2024 remained steady, but the company reported increased losses. Analysts generally hold a "Hold" rating for LINE stock, with a 12-month price target suggesting a potential upside. Recent insider buying activity has also been noted.

The cold storage industry benefits from rising global food demand and the increasing adoption of temperature-controlled logistics, but has recently experienced overbuilding. Lineage anticipates "normal seasonality" from current historically low inventory levels. Consistent utilization in warehouses can be challenging due to the inherent seasonality of food products. Lineage leverages technology to optimize warehouse cooling and reduce energy usage during peak demand hours.

Lineage, Inc., formerly Lineage Logistics, is the world's largest global temperature-controlled warehouse REIT, operating in the cold chain logistics sector. The company provides cold storage warehousing with approximately 3.0 to 3.1 billion cubic feet of capacity, integrated transportation services including truckload and less-than-truckload shipments, and value-added logistics services such as cross-docking, inventory management, and customized supply chain solutions. Lineage serves over 13,000 customers, primarily in the food and beverage, and pharmaceutical sectors, focusing on optimizing cold supply chains, reducing waste, and boosting efficiency.

Lineage, Inc. has a large global presence, operating over 480 facilities across 18 countries in North America, Europe, and Asia-Pacific. These facilities offer approximately 3.0 to 3.1 billion cubic feet of capacity.

In April 2024, Lineage Logistics rebranded to "Lineage" and introduced a new shield logo. The company was named to Inc.'s 2024 Best in Business Awards List in the Innovation and Technology category. However, public records indicate some historical and recent issues, including air pollution, environmental, and workplace safety violations, which could have impacted the company's reputation.

Lineage, Inc. has a diverse ownership structure, with significant institutional and individual holdings. Major institutional shareholders include Vanguard Group Inc., D1 Capital Partners L.P., and BlackRock, Inc. Key individual insiders with substantial ownership include Bg Cold LLC, Adam Matthew Forste Schwartz, and Kevin Patrick Marchetti.