First Industrial Realty Trust, Inc. (FR) vs Lineage, Inc. (LINE)

A side-by-side comparison of First Industrial Realty Trust, Inc. and Lineage, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total return — FR vs LINE

growth of $100 · dividends reinvested · last 2y
FR +24.5% (+11.6%/yr)LINE -53.2% (-31.6%/yr)FR compounded faster over this window
406080100120140Start $10020252026$124$47
FR LINE

FR vs LINE: by the numbers

  • •FR is the larger company ($7.91B vs $7.88B market cap).
  • •FR is profitable (47.96% net margin) while LINE runs a net loss (-3.15%).
  • •LINE pays the higher dividend yield (6.13% vs 3.21%).

Metrics side by side

Valuation

MetricFRLINE
P/E ratio21.78N/A
Forward P/E23.45N/A
PEG ratio5.31N/A
P/S ratio10.421.47
P/B ratio2.851.00
EV / EBITDA20.4713.19
FCF yield5.18%3.10%

For REITs like First Industrial Realty Trust, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.

For REITs like Lineage, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.

Profitability

MetricFRLINE
Gross margin22.60%10.97%
Operating margin41.59%5.03%
Net margin47.96%-3.15%
ROE13.12%-2.14%
ROIC5.63%1.56%

Dividends

MetricFRLINE
Dividend yield3.21%6.13%
Payout ratio68.98%N/A

First Industrial Realty Trust, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.

Lineage, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.

Growth (annualized)

MetricFRLINE
Revenue CAGR (5Y)10.47%N/A
EPS CAGR (5Y)4.10%N/A
Total return CAGR (5Y)5.00%N/A

Frequently asked

Does FR or LINE pay a bigger dividend?
FR yields 3.21% and LINE yields 6.13% based on trailing dividends and the latest price.
Is FR or LINE more profitable?
FR runs the higher net margin — FR at 47.96% versus LINE at -3.15%.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.