11 Worst Performing Dividend Stocks Year-to-Date

3. Lineage, Inc. (NASDAQ:LINE)

YTD Decline in Share Price as of December 8: 39.4%

Lineage, Inc. (NASDAQ:LINE) is one of the worst-performing dividend stocks in 2025.

On December 4, Citigroup trimmed its price target slightly on Lineage, Inc. (NASDAQ:LINE) to $38 from $39 and maintained a Neutral rating on the shares.

In its earnings for the third quarter of 2025, Lineage, Inc. (NASDAQ:LINE) highlighted seasonal gains in occupancy, with pricing trends remaining stable as expected. The company’s same-store physical occupancy grew sequentially in the quarter by 50 basis points to 75%. Moreover, it also made investments worth $127 million in growth capital, with 25 facilities in process or ramping, which is expected to increase its EBITDA by $167 million. Lineage’s overall revenue for the quarter was $1.3 billion, up 3.1% from the same period last year. It also reported a 2% YoY growth in adjusted EBITDA to $341 million.

Lineage, Inc. (NASDAQ:LINE) has expanded its presence in cold storage space by making a series of acquisitions, which have resulted in its adjusted EBITDA growing by a CAGR of 44% since 2008. The REIT has more room to grow, considering it has just entered the market in 2024, raising $4.4 billion in its IPO at an implied market value of $18 billion. What started with merely one warehouse in late 2008 has expanded significantly, growing its footprint by making over 100 acquisitions over the years.

Lineage, Inc. (NASDAQ:LINE) is a Michigan-based temperature-controlled warehouse real estate investment trust company.