Lineage, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
View on SEC.govAbout this filing
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FY2025 · Filed Feb 25, 2026
LINE$39.66+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of
| Common Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Redeemable noncontrolling interests | Number of shares | Par value | Additional paid-in capital | Series A preferred stock | Retained earnings (accumulated deficit) | Accumulated other comprehensive income (loss) | Noncontrolling interests | Total equity | |
| Balance as of December 31, 2022 | $298 | 160 | $2 | $5,915 | $1 | $(713) | $(37) | $641 | $5,809 |
| Common stock issuances, net of equity raise costs | — | 2 | — | 142 | — | — | — | — | 142 |
| Contributions from noncontrolling interests | — | — | — | 3 | — | — | — | 2 | 5 |
| Dividends ($0.55 per common share) and other distributions | — | — | — | — | — | (89) | — | (57) | (146) |
| Operating Partnership units issued in acquisitions | — | — | — | 4 | — | — | — | 2 | 6 |
| Stock-based compensation | — | — | — | 15 | — | — | — | 11 | 26 |
| Other comprehensive income (loss) | — | — | — | — | — | — | 3 | (2) | 1 |
| Sale of noncontrolling interests | — | — | — | — | — | — | — | (4) | (4) |
| Noncontrolling interests acquired in business combinations | 7 | — | — | — | — | — | — | — | — |
| Redemption of common stock | — | — | — | (12) | — | — | — | — | (12) |
| Redemption of units issued as stock compensation | — | — | — | (12) | — | — | — | (1) | (13) |
| Redemption of noncontrolling interest | — | — | — | (1) | — | — | — | — | (1) |
| Redeemable noncontrolling interest redemption value adjustment | 44 | — | — | (44) | — | — | — | — | (44) |
| Net income (loss) | — | — | — | — | — | (77) | — | (19) | (96) |
| Reallocation of noncontrolling interests | — | — | — | (49) | — | — | — | 49 | — |
| Balance as of December 31, 2023 | $349 | 162 | $2 | $5,961 | $1 | $(879) | $(34) | $622 | $5,673 |
| Common Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Redeemable noncontrolling interests | Number of shares | Par value | Additional paid-in capital | Series A preferred stock | Retained earnings (accumulated deficit) | Accumulated other comprehensive income (loss) | Noncontrolling interests | Total equity | |
| Balance as of December 31, 2023 | $349 | 162 | $2 | $5,961 | $1 | $(879) | $(34) | $622 | $5,673 |
| Common stock issuances, net of equity raise costs | — | 65 | — | 4,874 | — | — | — | — | 4,874 |
| Assumption of the Put Option liability | — | — | — | — | — | (103) | — | — | (103) |
| Dividends ($0.91 per common share) and other distributions ($0.91 per OP Unit and OPEU) | (1) | — | — | — | — | (209) | — | (50) | (259) |
| Stock-based compensation | — | 2 | — | 176 | — | — | — | 39 | 215 |
| Withholding of common stock for employee taxes | — | (1) | — | (46) | — | — | — | — | (46) |
| Other comprehensive income (loss) | — | — | — | — | — | — | (239) | (28) | (267) |
| Conversion of Management Profits Interests Class C units | — | — | — | (61) | — | — | — | 61 | — |
| Redemption of preferred shares and OPEUs | — | — | — | (46) | (1) | — | — | (29) | (76) |
| Reimbursement of Advance Distributions | — | — | — | — | — | — | — | 198 | 198 |
| Redemption of redeemable noncontrolling interests | (6) | — | — | — | — | — | — | — | — |
| Redemption of common stock | — | — | — | (42) | — | — | — | — | (42) |
| Reclassification of the Preference Shares | (229) | — | — | (22) | — | — | — | — | (22) |
| Issuance of OPEUs and settlement of Class D Units | — | — | — | 114 | — | — | — | 73 | 187 |
| Expiration of redemption option | (92) | — | — | 65 | — | — | — | 27 | 92 |
| Redeemable noncontrolling interest redemption value adjustment | 23 | — | — | (23) | — | — | — | — | (23) |
| Net income (loss) | (1) | — | — | — | — | (664) | — | (86) | (750) |
| Reallocation of noncontrolling interests | — | — | — | (186) | — | — | — | 186 | — |
| Balance as of December 31, 2024 | $43 | 228 | $2 | $10,764 | $— | $(1,855) | $(273) | $1,013 | $9,651 |
| Common Stock | ||||||||
|---|---|---|---|---|---|---|---|---|
| Redeemable noncontrolling interests | Number of shares | Par value | Additional paid-in capital | Retained earnings (accumulated deficit) | Accumulated other comprehensive income (loss) | Noncontrolling interests | Total equity | |
| Balance as of December 31, 2024 | $43 | 228 | $2 | $10,764 | $(1,855) | $(273) | $1,013 | $9,651 |
| Dividends ($2.11 per common share) and other distributions ($2.11 per OP Unit and OPEU) | — | — | — | — | (484) | — | (55) | (539) |
| Stock-based compensation | — | 1 | — | 78 | — | — | 48 | 126 |
| Withholding of common stock for employee taxes | — | — | — | (12) | — | — | — | (12) |
| Other comprehensive income (loss) | — | — | — | — | — | 176 | 21 | 197 |
| Redemption of redeemable noncontrolling interests | (28) | — | — | — | — | — | — | — |
| Redemption of common stock | — | (2) | — | (82) | — | — | — | (82) |
| Expiration of redemption option | (6) | — | — | — | — | — | 6 | 6 |
| Redeemable noncontrolling interest redemption value adjustment | (2) | — | — | 2 | — | — | — | 2 |
| Net income (loss) | — | — | — | — | (100) | — | (13) | (113) |
| Reallocation of noncontrolling interests | — | — | — | 20 | — | — | (20) | — |
| OP Units reclassification | — | — | — | 10 | — | — | (10) | — |
| Balance as of December 31, 2025 | $7 | 227 | $2 | $10,780 | $(2,439) | $(97) | $990 | $9,236 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.