Industrial Logistics Properties Trust | REIT Profile

Symbol: ILPT
CIK: 1717307
Exchange: NASDAQ
Founded: 2017 (8 years)
HQ: Newton, MA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Industrial
Externally Managed REIT

See ILPT on Yahoo Finance
See ILPT on SEC.gov

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About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (ILPT) is a real estate investment trust (REIT) that owns and leases industrial and logistics properties throughout the United States. As of September 30, 2024, ILPT owned 411 industrial and logistics properties with 59.9 million rentable square feet which are 94.4% leased to approximately 300 different tenants with a weighted average remaining lease term of 7.2 years. Approximately 72.1% of annualized rental revenues come from 185 industrial and logistics properties with approximately 43.2 million rentable square feet located in 38 states on the U.S. mainland. Approximately 27.9% of annualized rental revenues come from 226 properties (buildings, leasable land parcels and easements) with approximately 16.7 million rentable square feet located on the island of Oahu, Hawaii, most of which are long term ground leases to tenants who have constructed buildings and operate businesses on ILPT’s lands. Logistics properties are a subset of industrial properties that are primarily used for warehouse and distribution purposes. We believe the U.S. retail industry is experiencing a major shift away from stores and shopping centers to e-commerce sales platforms and that this change is causing increasing demand for industrial and logistics real estate. We intend to expand our business by focusing on properties that may benefit from the growth of e-commerce. ILPT became a publicly traded REIT in January 2018. ILPT is included in 137 market indices and comprises more than 1% of the following indices as of September 30, 2024: Invesco S&P SmallCap High Dividend Low Volatility ETF INAV Index (XSHDIV), Bloomberg US Micro Cap Real Estate Price Return Index (BMICR), Bloomberg Real Estate Investment Trust Small Cap Index (BBRESMLC) and Invesco KBW Premium Yield Equity REIT ETF INAV Index (KBWYIV).


Industrial Logistics Properties Trust Company Logo

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Previous Close Volume Change $ Change %
$3.10 $3.12 $3.01 $3.10 $3.10 498,072 $0.01 0.16%

Last update: 2025-05-23 12:58:13 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 5.2

Dividend of Trading Day 2025-05-23


Dividend Yield: 1.29%*
Annualized Dividend: $0.04*
Dividend Yield (TTM): 1.3%
Annualized Dividend (TTM): $0.04
Ex-Dividend Date: 2025-04-22
Dividend Date: 2025-05-15
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest REIT Press Releases


See more Press Releases for Industrial Logistics Properties Trust

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for ILPT.

Year Quarter Type Amount Dividend Paid Payout Ratio
2024 Q4 Normalized FFO $--- $--- ---%
2024 Q4 FFO $--- $--- ---%
2024 Q3 Normalized FFO $--- $--- ---%
2024 Q3 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.

Funds From Operations (FFO)

Key Stats of Trading Day 2025-05-23


Market Capitalization: $205,040,000 [?]
EBITDA: $306,553,000 [?]
P/E (Price-to-Earnings) Ratio: N/A [?]
PEG (Price/Earnings to Growth) Ratio: N/A [?]
Book Value: 8.16 [?]
Dividend Per Share (DPS): $0.04 [?]
Earnings Per Share (EPS): -1.43 [?]
Revenue Per Share (TTM): $6.72 [?]
Profit Margin: -21.20% [?]
Operating Margin (TTM): 33.70% [?]
Return on Assets (TTM): 1.63% [?]
Return on Equity (TTM): -12.80% [?]
Revenue (TTM): $441,992,000 [?]
Gross Profit (TTM): $381,136,000 [?]
Diluted EPS (TTM): $-1.43 [?]
Quarterly Earnings Growth YOY: 56.50% [?]
Quarterly Revenue Growth YOY: -0.30% [?]
Trailing P/E: N/A [?]
Forward P/E: N/A [?]
Beta: 2.16 [?]
Price-to-Sales Ratio (TTM): 0.46 [?]
Price-to-Book (P/B): 0.38 [?]
Enterprise Value (EV) to Revenue: 9.97 [?]
EV to EBITDA: 13.68x [?]
Shares Outstanding: 66,142,000 [?]
52 Week High: $5.40 [?]
52 Week Low: $2.44 [?]
50 Day Moving Average: $3.10 [?]
200 Day Moving Average: $3.85 [?]

Properties Owned by ILPT


ILPT Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate


REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $4.82 per share you would have been able to buy 207 shares of ILPT on 2024-05-24 costing $997.74 @ $4.82 per share you would have been able to buy 103 shares of ILPT on 2024-05-24 costing $496.46 @ $4.82 per share you would have been able to buy 51 shares of ILPT on 2024-05-24 costing $245.82 @ $4.82 per share you would have been able to buy 20 shares of ILPT on 2024-05-24 costing $96.40 @ $4.82 per share you would have been able to buy 10 shares of ILPT on 2024-05-24 costing $48.20
Current worth On 2025-05-23 these 207 shares would be worth $637.56 @ $3.08 On 2025-05-23 these 103 shares would be worth $317.24 @ $3.08 On 2025-05-23 these 51 shares would be worth $157.08 @ $3.08 On 2025-05-23 these 20 shares would be worth $61.60 @ $3.08 On 2025-05-23 these 10 shares would be worth $30.80 @ $3.08
Dividends earned $8.28 in dividends would have been earned since 2024-05-24 with 207 shares. $4 in dividends would have been earned since 2024-05-24 with 103 shares. $2.04 in dividends would have been earned since 2024-05-24 with 51 shares. $0.80 in dividends would have been earned since 2024-05-24 with 20 shares. $0.40 in dividends would have been earned since 2024-05-24 with 103 shares.
Net (gain / loss)* -351.90 USD -175.10 USD -86.70 USD -34.00 USD -17.00 USD
ROI** -35.27% -35.27% -35.27% -35.27% -35.27%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by ILPT. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
ILPT 2025-04-22 0.010 --- 2025-04-10 2025-04-22 2025-05-15
ILPT 2025-01-27 0.010 --- 2025-01-16 2025-01-27 2025-02-20
ILPT 2024-10-28 0.010 --- 2024-10-16 2024-10-28 2024-11-14
ILPT 2024-07-22 0.010 --- 2024-07-11 2024-07-22 2024-08-15
ILPT 2024-04-19 0.010 --- 2024-04-11 2024-04-22 2024-05-16
ILPT 2024-01-19 0.010 --- 2024-01-11 2024-01-22 2024-02-15
ILPT 2023-10-20 0.010 --- 2023-10-12 2023-10-23 2023-11-16
ILPT 2023-07-21 0.010 --- 2023-07-13 2023-07-24 2023-08-17
ILPT 2023-04-21 0.010 --- 2023-04-13 2023-04-24 2023-05-18
ILPT 2023-01-20 0.010 --- 2023-01-12 2023-01-23 2023-02-16
ILPT 2022-10-21 0.010 --- 2022-10-13 2022-10-24 2022-11-17
ILPT 2022-07-22 0.010 -96.97% 2022-07-14 2022-07-25 2022-08-18

Financial Statements Overview


The next Earnings Report for ILPT is

Balance Sheet | Quarterly


Assets 2025-03-31 2024-12-31 QoQ
Current Assets
  Cash and Cash Equivalents at Carrying Value 236,702,000 131,706,000
  Short-Term Investments 0 0
  Cash and Short Term Investments 236,702,000 131,706,000
  Current Net Receivables 131,464,000 0
  Inventory 0 0
  Other Current Assets 0 110,774,000
  Total Current Assets 368,166,000 371,642,000 -0.9%
Non-Current Assets
  Property Plant Equipment 0 0
  Accumulated Depreciation Amortization PPE 0 0
  Long-Term Investments 114,700,000 116,732,000
  Investments 0 0
  Intangible Assets Excluding Goodwill 0 0
  Goodwill 0 0
  Intangible Assets 0 0
  Other Non-Current Assets 0 0
  Total Non-Current Assets 4,995,459,000 5,034,689,000 -0.8%
  Total Assets 5,363,625,000 5,406,331,000 -0.8%
Liabilities
Current Liabilities
  Current Accounts Payable 71,295,000 0
  Deferred Revenue 0 0
  Current Debt 0 0
  Short-Term Debt 0 0
  Current Long-Term Debt 0 0
  Short Long-Term Debt Total 0 4,315,474,000
  Other Current Liabilities 0 4,774,000
  Total Current Liabilities 76,477,000 81,527,000 -6.2%
Non-Current Liabilities
  Long-Term Debt Noncurrent 0 0
  Long-Term Debt 4,296,146,000 4,300,537,000
  Capital Lease Obligations 14,089,000 14,937,000
  Other Non-Current Liabilities 0 0
  Total Non-Current Liabilities 4,310,235,000 4,315,474,000
  Total Liabilities 4,386,712,000 4,397,001,000 -0.2%
Shareholders' Equity
  Common Stock 661,000 661,000
  Common Stock Shares Outstanding 65,834,000 65,733,000
  Treasury Stock 0 0
  Retained Earnings -108,005,000 -86,473,000
  Total Shareholder Equity 539,525,000 562,019,000 -4.0%

Amounts in USD ($)

Income Statement | Quarterly


2025-03-31 2024-12-31 QoQ
Total Revenue 111,905,000 110,521,000 1.3%
  Cost of Revenue   14,154,000   16,214,000
  Cost of Goods and Services Sold   14,154,000   16,214,000
Gross Profit 97,751,000 94,307,000 3.7%
  Research and Development   0   0
  Selling General and Administrative   8,238,000   7,589,000
  Depreciation   0   0
  Depreciation and Amortization   41,518,000   40,492,000
  Operating Expenses   10,249,000   59,494,000
Operating Income 87,502,000 34,813,000 151.3%
  EBIT (Earnings Before Interest and Tax)   -91,373,000   38,611,000
  Investment Income Net   0   0
  Net Interest Income   0   -69,233,000
  Interest Income   0   2,506,000
  Interest Expense   69,813,000   71,739,000
  Interest and Debt Expense   0   0
  Non Interest Income   0   0
  Other Non Operating Income   0   0
Income Before Tax -30,099,000 -34,420,000 -12.6%
  Income Tax Expense -28,000 60,000
Net Income from Continuing Operations 0 -34,380,000
Net Income -21,532,000 -24,101,000 -10.7%
Comprehensive Income Net of Tax 0 0
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) -49,855,000 79,103,000

Amounts in USD ($)

Cash Flow | Quarterly


Cash Flows from Operating Activities 2025-03-31 2024-12-31 QoQ
  Net Income -31,169,000 -34,380,000 -9.3%
  Depreciation, Depletion, and Amortization 40,080,000 40,492,000
  Change in Receivables 0 0
  Change in Inventory 0 0
  Change in Operating Assets 0 0
  Change in Operating Liabilities 0 0
  Payments for Operating Activities 0 0
  Proceeds from Operating Activities 0 0
  Profit Loss 0 0
  Net Cash Provided by Operating Activities 11,371,000 -13,463,000 -184.5%
Cash Flows from Investing Activities
  Capital Expenditures 0 0
  Net Cash Used in Investing Activities 0 0
Cash Flows from Financing Activities
  Proceeds from Issuance of Common Stock 0 0
  Proceeds from Issuance of Preferred Stock 0 0
  Proceeds from Issuance of Long-Term Debt 0 0
  Proceeds from Repurchase of Equity -2,000 -1,000
  Proceeds from Sale of Treasury Stock 0 0
  Repayment of Short-Term Debt 0 0
  Payments for Repurchase of Common Stock 0 0
  Payments for Repurchase of Preferred Stock 0 0
  Payments for Repurchase of Equity 0 0
  Dividend Payout 661,000 662,000
  Dividend Payout - Common Stock 661,000 662,000
  Dividend Payout - Preferred Stock 0 0
  Net Cash Provided by Financing Activities -5,460,000 -5,360,000 1.9%
Other Items
  Effect of Exchange Rate on Cash 0 0
  Net Increase in Cash and Cash Equivalents 0 0

Amounts in USD ($)

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.1
7 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 8.1
6 Dividend to Normalized FFO Payout Ratio Health: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios during the last four quarters. 9.0
2 Dividend to Normalized FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios trend during the last two years. 7.5
Rating AFFO & Efficiency Section Avg. Rating
10 Normalized FFO Trend: Analysis of the REIT’s Normalized FFO trend during the last two years. 8.7
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 9.4
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.5
Rating Leverage Section Avg. Rating
1 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
4 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.7
Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.5
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.5
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.1
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 5.9
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.8
6 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 7.7
Rating Market Cap Section Avg. Rating
5.2 Overall REITRating™ Score (See trend) 6.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2025-05-24 - v6.3