Lineage (LINE) Status Update summary

Industry overview and market positioning

• Operates the largest global network in its sector, with 488 facilities, 86M square feet, and 3.1 billion cubic feet of warehousing capacity across 19 countries, generating $1.3 billion in EBITDA last year.

• Maintains a leading market position, with 96% of revenue from #1 positions and 49% of NOI from port-adjacent warehouses.

• Focuses on modern, strategically located assets, including 244 port-centric and 82 automated warehouses worldwide.

• U.S. warehouse supply grew 14.5% from 2021–2025, but new capacity growth is expected to slow to 1.5% in 2026.

• Despite a 9.5% excess capacity in the U.S., average physical occupancy is projected at 75% for 2025, only three points below 2021.

Operational excellence and people strategy

• Emphasizes a values-driven culture, with over 26,000 team members and a focus on purpose and engagement.

• Lean management and standardized processes have reduced team member turnover by over 50% since 2022, supporting growth and consistency.

• Over 80 facilities and 9,000+ team members are engaged in Lean initiatives, driving superior site EBITDA and improved service metrics.

• Real-time metrics platform (MetricsOne) provides visibility into 100 metrics per facility, supporting continuous improvement.

• Achieved $20 million in savings from nearly 1,000 Kaizen events, keeping labor costs flat despite industry wage inflation.

Technology and digital enablement

• Five digital transformation pillars: scalable digital core, decision algorithms, customer experience, energy optimization, and warehouse execution layer.

• LinOS, the proprietary warehouse execution platform, automates real-time decisions for labor dispatch, pallet routing, and dock allocation, driving measurable productivity gains.

• LinOS modules include real-time labor and asset optimization, with 157 patents issued and 126 pending.

• AI-driven controls optimize energy usage, reducing operating costs.

• LinOS integrates with both humans and robotics, providing spatial awareness and dynamic task assignment.