Lineage, Inc. has recently released its 10-K report, revealing key insights into its operations and financial performance. The company, formed in 2015 and based in Novi, Michigan, is the world's largest global temperature-controlled warehouse REIT with a network of over 485 strategically located facilities totaling approximately 88 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Lineage, Inc. partners with food and beverage producers, retailers, and distributors to enhance distribution efficiency, advance sustainability, and minimize supply chain waste.
In its 10-K report, Lineage, Inc. disclosed that as of December 31, 2025, it operated an interconnected global temperature-controlled warehouse network, comprising approximately 88 million square feet and 3.1 billion cubic feet of capacity across 501 warehouses predominantly located in densely populated critical-distribution markets, with 326 in North America, 89 in Asia-Pacific, and 86 in Europe. The company manages and reports its business through two segments: Global Warehousing and Global Integrated Solutions.
The Global Warehousing segment primarily generates revenue from storing frozen and perishable food and other products and providing related warehouse services for customers. The segment's revenue is also driven by blast freezing fees, rent, and warehouse services fees, which include handling and other services required to prepare and move customers' pallets into, out of, and around the facilities. Lineage, Inc. utilizes various types of contracts with its customers, including warehouse agreements, rate letters, tariff sheets, and lease agreements, each tailored to accommodate the individual needs and characteristics of its diverse customer base.
The company's Global Integrated Solutions segment primarily derives revenue from transportation fees, including fuel and capacity surcharges, for arranging the transportation of products for its customers. Within transportation, Lineage, Inc. focuses on multi-vendor less-than-full-truckload consolidation, drayage services to and from ports, transportation brokerage, freight forwarding, rail transportation services, foodservice distribution, and e-commerce fulfillment services.
Lineage, Inc. also provided detailed insights into its cost of operations, including labor, power, and other warehouse costs within its global warehousing segment, as well as third-party carrier charges and costs associated with operating assets within its global integrated solutions segment. The company also highlighted its general and administrative expenses, acquisition, transaction, and other expenses, goodwill impairment, and restructuring, impairment, and (gain) loss on disposals, shedding light on the various factors influencing its financial results.
The 10-K report also discussed the key factors affecting Lineage, Inc.'s business and financial results, including market conditions, inflation and customer rate increases, occupancy and throughput, and the impact of the global pandemic on its operations.
As a result of these announcements, the company's shares have moved -0.33% on the market, and are now trading at a price of $36.34. If you want to know more, read the company's complete 10-K report here.
