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.
Total return — FR vs LINE
growth of $100 · dividends reinvested · last 2yFR 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
| Metric | FR | LINE |
|---|---|---|
| P/E ratio | 21.78 | N/A |
| Forward P/E | 23.45 | N/A |
| PEG ratio | 5.31 | N/A |
| P/S ratio | 10.42 | 1.47 |
| P/B ratio | 2.85 | 1.00 |
| EV / EBITDA | 20.47 | 13.19 |
| FCF yield | 5.18% | 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
| Metric | FR | LINE |
|---|---|---|
| Gross margin | 22.60% | 10.97% |
| Operating margin | 41.59% | 5.03% |
| Net margin | 47.96% | -3.15% |
| ROE | 13.12% | -2.14% |
| ROIC | 5.63% | 1.56% |
Dividends
| Metric | FR | LINE |
|---|---|---|
| Dividend yield | 3.21% | 6.13% |
| Payout ratio | 68.98% | 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)
| Metric | FR | LINE |
|---|---|---|
| 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%.
Go deeper
Dig into the metrics
First Industrial Realty Trust & Lineage appear in these rankings
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.