HIGHBuilt-inGeographic
68%
United States
“10-K Item 1: 'The United States comprised 68% of our global warehousing segment revenues for the year ended December 31, 2025'”
LINE · Concentration risk · 10-K extracted
Lineage (LINE) concentration risks
Updated
The most significant concentration Lineage discloses is United States at 68%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Lineage’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
33%
top 25 customers
“10-K Item 1: 'Approximately 33.0% of our total revenue for the year ended December 31, 2025 came from our top 25 customers'”
LOWBuilt-inGeographic
10%
California
“10-K Item 1A: 'approximately 10% of our owned or leased warehouses were located in California'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines a geographic tilt, a moderate customer exposure, and a smaller property-location footnote. The United States comprised 68% of global warehousing segment revenues for the year ended December 31, 2025 — a high-share geographic concentration that is structural in character, reflecting the predominant scale of the domestic cold-storage network and the depth of the U.S. food supply chain customer base. This is an inherent feature of the business rather than a counterparty-specific vulnerability. On the customer side, the top 25 customers contributed approximately 33.0% of total revenue for the year ended December 31, 2025 — a moderate-share exposure with a dependency character. While no individual customer name is disclosed, this share means that a meaningful portion of revenues flows from a concentrated group of buyers, and defection or volume reduction by a subset of those relationships could affect reported results more than the headline customer count suggests. Separately, approximately 10% of owned or leased warehouses were located in California, a low-share geographic sub-concentration that introduces exposure to California-specific regulatory costs, labor law changes, and natural hazard risk. In aggregate, the profile is principally a domestic-market story, with the customer concentration as the secondary variable most worth tracking quarter to quarter, and the California warehouse footprint as a modest regional footnote.
For the engine’s reasoning on LINE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Industrial
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| COLD | Americold Realty Trust, Inc. | 2 | 0 | 0 | 2 |
| FR | First Industrial Realty Trust, | 1 | 1 | 1 | 3 |
| LINE● | Lineage, Inc. | 1 | 1 | 1 | 3 |
| EGP | EastGroup Properties, Inc. | 0 | 1 | 2 | 3 |
| CUBE | CubeSmart | 0 | 0 | 4 | 4 |
| EXR | Extra Space Storage Inc | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.