Industrial Logistics Properties Trust (ILPT) 10-Year Financial Performance & Capital Metrics

ILPT • • REIT / Real Estate

Real EstateIndustrial REITsIndustrial & Logistics REITsDiversified Industrial Operators

AboutILPT is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.Show more

Revenue $442M +1.1%
FFO $76M +7.9%
FFO/Share 1.16 +7.4%
FFO Payout 3.46% -6.9%
FFO per Share 1.16 +7.4%
NOI Margin 85.86% -0.5%
FFO Margin 17.25% +6.7%
ROE -8.81% -1.7%
ROA -1.74% +9.2%
Debt/Assets 79.82% +2.7%
Net Debt/EBITDA 13.46 -1.6%
Book Value/Share 15.36 -13.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FFO growing 9.2% TTM
✓Sustainable FFO payout ratio of 3.5%
✓High NOI margin of 85.9%
✓Trading at only 0.4x book value

✗Weaknesses

✗High debt to equity ratio of 4.3x

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y14.05%

3Y26.24%

TTM1.08%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM13.91%

EPS CAGR

10Y-

5Y-

3Y-

TTM14.01%

ROCE

10Y Avg5.86%

5Y Avg4.59%

3Y Avg2.66%

Latest2.57%

Peer Comparison

Diversified Industrial Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LXPLXP Industrial Trust	2.98B	50.38	77.51	5.27%	32.2%	5.66%	6.49%	0.69
STAGSTAG Industrial, Inc.	6.99B	37.44	36	8.41%	29.26%	6.88%	5.36%	0.87
FRFirst Industrial Realty Trust, Inc.	7.85B	59.31	27.33	8.73%	33.19%	8.64%	4.49%	0.81
ILPTIndustrial Logistics Properties Trust	401.96M	6.03	-4.13	1.14%	-19.87%	-9.69%	0.49%	4.28

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	147.89M	153.31M	156.51M	162.53M	229.23M	254.57M	219.87M	388.15M	437.34M	442.32M
Revenue Growth %	-	0.04%	0.02%	0.04%	0.41%	0.11%	-0.14%	0.77%	0.13%	0.01%
Property Operating Expenses	16.32M	17.2M	17.87M	19.34M	30.37M	54.77M	30.13M	50.62M	60.05M	62.56M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	42.51M	46.87M	55.03M	52.89M	96.76M	200K	86M	224.71M	248.08M	240.99M
G&A Expenses	8.74M	9.2M	16.8M	11.31M	17.19M	200K	16.72M	32.88M	31.16M	30.45M
EBITDA+	97.86M	115.19M	108.76M	117.67M	161.75M	268M	154.34M	273.8M	307.93M	310.76M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	24.09M	25.98M	26.17M	27.37M	59.64M	68.39M	50.6M	160.98M	178.73M	171.99M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	73.78M	89.2M	82.59M	90.3M	102.11M	199.61M	103.74M	112.81M	129.2M	138.77M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	2.09M	2.26M	2.44M	16.08M	50.85M	51.62M	35.63M	280.05M	288.54M	292.54M
Interest Coverage	35.27x	39.44x	33.86x	5.62x	2.01x	3.87x	2.91x	0.40x	0.45x	0.47x
Non-Operating Income	0	0	0	-200K	-743K	91.27M	-10.92M	126.64M	-8.82M	-11.43M
Pretax Income+	71.68M	86.94M	80.15M	74.42M	52.67M	81.48M	119.95M	-286.8M	-149.62M	-137.01M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	44K	44K	44K	32K	171K	277K	273K	45K	104K	162K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	71.64M	86.9M	80.1M	74.39M	52.5M	82.07M	119.68M	-226.72M	-107.99M	-95.67M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-	0.21%	-0.08%	-0.07%	-0.29%	0.56%	0.46%	-2.89%	0.52%	0.11%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-	0.18%	-0.06%	-0.04%	0.1%	0.34%	0.13%	-1.39%	2.08%	0.08%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	1.10	1.34	1.23	1.16	0.81	1.26	1.83	-3.48	-1.65	-1.46
EPS Growth %	-	0.22%	-0.08%	-0.06%	-0.3%	0.56%	0.45%	-2.9%	0.53%	0.12%
EPS (Basic)	1.10	1.34	1.23	1.16	0.81	1.26	1.83	-3.48	-1.65	-1.46
Diluted Shares Outstanding	65M	65M	65M	64.14M	65.06M	65.11M	65.21M	65.25M	65.43M	65.7M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	1.44B	1.42B	1.41B	1.53B	2.45B	1.92B	1.91B	5.68B	5.56B	5.41B
Asset Growth %	-	-0.01%	-0.01%	0.09%	0.6%	-0.22%	-0%	1.97%	-0.02%	-0.03%
Real Estate & Other Assets+	1.2B	1.2B	1.2B	-228.18M	141.15M	83.56M	1.6B	5.01B	293.82M	4.72B
PP&E (Net)	100.15M	89.63M	79.1M	75.8M	2.2B	1.67B	63.44M	297.44M	4.78B	199.19M
Investment Securities	0	-1000K	-1000K	1000K	0	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	41.41M	47.05M	51.67M	67.94M	98.84M	95.01M	105.27M	247.79M	364.89M	371.64M
Cash & Equivalents	-24.58M	-22.47M	-20.38M	9.61M	28.41M	22.83M	29.4M	48.26M	112.34M	131.71M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	6.13M	2.67M	0	92.52M	133.38M	110.77M
Intangible Assets	100.15M	89.63M	79.1M	75.8M	10.42M	8.92M	0	0	12.86M	0
Total Liabilities	109.05M	109.15M	849.48M	506.34M	1.46B	912.55M	870.52M	4.35B	4.4B	4.4B
Total Debt+	89.16M	86.74M	819.81M	480.51M	1.41B	866.58M	840.56M	4.27B	4.32B	4.32B
Net Debt	113.74M	109.21M	840.2M	470.9M	1.38B	843.75M	811.16M	4.22B	4.21B	4.18B
Long-Term Debt	89.16M	64.27M	49.43M	462.19M	1.41B	866.58M	646.12M	4.24B	4.28B	4.3B
Short-Term Borrowings	0	0	0	0	0	0	1000K	0	1000K	0
Capital Lease Obligations	24.58M	22.47M	20.38M	18.32M	0	0	12.44M	22.52M	18.53M	14.94M
Total Current Liabilities+	14.29M	16.77M	773.99M	432.7M	16.48M	14.72M	211.96M	78.37M	77.42M	81.53M
Accounts Payable	2.72M	3.07M	11.08M	12.04M	9.54M	7.78M	27.77M	73.55M	60.95M	76.75M
Deferred Revenue	4.42M	6.54M	5.79M	6M	0	0	8.39M	0	-20.99M	0
Other Liabilities	10.01M	28.11M	762.79M	7.78M	36.13M	31.26M	0	0	20.99M	0
Total Equity+	1.33B	1.4B	1.38B	1.5B	995.69M	1B	1.04B	1.33B	1.16B	1.01B
Equity Growth %	-	0.05%	-0.01%	0.08%	-0.34%	0.01%	0.03%	0.28%	-0.13%	-0.13%
Shareholders Equity	1.33B	1.31B	562.21M	1.03B	995.69M	1B	1.04B	790.72M	669.95M	562.02M
Minority Interest	0	86.74M	819.81M	470.9M	0	0	0	540.05M	491.82M	447.31M
Common Stock	1.33B	1.31B	450K	651K	652K	653K	654K	656K	658K	661K
Additional Paid-in Capital	0	0	546.49M	998.45M	999.3M	1.01B	1.01B	1.01B	1.02B	1.02B
Retained Earnings	0	0	15.27M	89.66M	0	0	343.91M	117.19M	9.2M	-86.47M
Preferred Stock	0	0	15.27M	29.18M	0	0	0	0	0	0
Return on Assets (ROA)	0.05%	0.06%	0.06%	0.05%	0.03%	0.04%	0.06%	-0.06%	-0.02%	-0.02%
Return on Equity (ROE)	0.05%	0.06%	0.06%	0.05%	0.04%	0.08%	0.12%	-0.19%	-0.09%	-0.09%
Debt / Assets	0.06%	0.06%	0.58%	0.31%	0.57%	0.45%	0.44%	0.75%	0.78%	0.8%
Debt / Equity	0.07x	0.06x	0.59x	0.32x	1.41x	0.86x	0.81x	3.21x	3.72x	4.28x
Net Debt / EBITDA	1.16x	0.95x	7.73x	4.00x	8.52x	3.15x	5.26x	15.41x	13.68x	13.46x
Book Value per Share	20.53	21.54	21.26	23.37	15.31	15.41	15.92	20.40	17.76	15.36

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	87.48M	109.25M	103.45M	96.76M	116.3M	114.56M	110.65M	83.25M	6.06M	1.96M
Operating CF Growth %	-	0.25%	-0.05%	-0.06%	0.2%	-0.01%	-0.03%	-0.25%	-0.93%	-0.68%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	71.64M	86.9M	80.1M	74.39M	52.5M	81.2M	119.68M	-286.84M	-149.72M	-137.17M
Depreciation & Amortization	24.09M	25.98M	26.17M	27.37M	59.64M	68.39M	49.11M	154.81M	175.2M	167.26M
Stock-Based Compensation	0	0	0	927K	1.11M	0	2.33M	2.22M	0	0
Other Non-Cash Items	-6.36M	-5.53M	-4.78M	-550K	-106K	-27.52M	-52.31M	215.1M	-12.97M	-16.13M
Working Capital Changes	-1.89M	1.91M	1.96M	-4.45M	4.27M	-7.52M	-5.84M	-1.99M	-6.45M	-12M
Cash from Investing+	-604.96M	-1.36M	-6.31M	-135.53M	-893.39M	-4.52M	22.88M	-3.45B	67.74M	16.42M
Acquisitions (Net)	0	0	0	-8.63M	0	106.28M	804K	589.41M	0	0
Purchase of Investments	-1.46M	0	-281K	-130.52M	-884.57M	-115.81M	-134.73M	-3.59B	0	-43.15M
Sale of Investments	0	0	0	0	0	1000K	1000K	1000K	1000K	1000K
Other Investing	-604.96M	-1.36M	-6.31M	-126.89M	8.33M	-106M	-804K	-568.95M	10.82M	-5.7M
Cash from Financing+	517.49M	-107.9M	-97.15M	48.37M	802.03M	-121.76M	-126.96M	3.47B	31.14M	-21.63M
Dividends Paid	-145.55M	-154.09M	-153.89M	-69.67M	-85.94M	-86.09M	-86.24M	-44.48M	-2.63M	-2.64M
Common Dividends	-145.55M	-154.09M	-153.89M	-69.67M	-85.94M	-86.09M	-86.24M	-44.48M	-2.63M	-2.64M
Debt Issuance (Net)	0	-16K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K
Share Repurchases	0	0	0	-52K	-253K	-382K	-922K	-242K	-163K	-312K
Other Financing	663.03M	46.21M	71.08M	455.09M	-8.78M	102.46M	-804K	383.79M	-1.65M	-560K
Net Change in Cash+	0	0	0	48.37M	24.94M	-11.72M	6.56M	111.38M	104.94M	-3.24M
Exchange Rate Effect	0	0	0	1000K	0	0	0	0	0	0
Cash at Beginning	0	0	0	-38.76M	9.61M	34.55M	22.83M	29.4M	140.78M	245.72M
Cash at End	0	0	0	9.61M	34.55M	22.83M	29.4M	140.78M	245.72M	242.48M
Free Cash Flow+	86.02M	107.9M	97.43M	91.76M	99.14M	108.71M	105.74M	65.52M	6.06M	1.96M
FCF Growth %	-	0.25%	-0.1%	-0.06%	0.08%	0.1%	-0.03%	-0.38%	-0.91%	-0.68%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.47	1.74	1.64	1.59	1.72	2.31	2.61	-1.01	1.08	1.16
FFO Payout Ratio	152.04%	136.51%	144.8%	68.46%	76.63%	57.22%	50.64%	-67.65%	3.71%	3.46%
NOI Margin	88.97%	88.78%	88.58%	88.1%	86.75%	78.49%	86.29%	86.96%	86.27%	85.86%
Net Debt / EBITDA	1.16x	0.95x	7.73x	4.00x	8.52x	3.15x	5.26x	15.41x	13.68x	13.46x
Debt / Assets	6.18%	6.1%	58.07%	31.31%	57.3%	45.23%	44.04%	75.17%	77.73%	79.82%
Interest Coverage	35.27x	39.44x	33.86x	5.62x	2.01x	3.87x	2.91x	0.40x	0.45x	0.47x
Book Value / Share	20.53	21.54	21.26	23.37	15.31	15.41	15.92	20.4	17.76	15.36
Revenue Growth	-	3.66%	2.08%	3.85%	41.04%	11.05%	-13.63%	76.53%	12.67%	1.14%

Frequently Asked Questions

Growth & Financials

Industrial Logistics Properties Trust (ILPT) reported $445.5M in revenue for fiscal year 2024. This represents a 201% increase from $147.9M in 2015.

Industrial Logistics Properties Trust (ILPT) grew revenue by 1.1% over the past year. Growth has been modest.

Industrial Logistics Properties Trust (ILPT) reported a net loss of $88.5M for fiscal year 2024.

Dividend & Returns

Yes, Industrial Logistics Properties Trust (ILPT) pays a dividend with a yield of 0.67%. This makes it attractive for income-focused investors.

Industrial Logistics Properties Trust (ILPT) has a return on equity (ROE) of -8.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Industrial Logistics Properties Trust (ILPT) generated Funds From Operations (FFO) of $77.3M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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Industrial Logistics Properties Trust (ILPT) 10-Year Financial Performance & Capital Metrics

ILPT • • REIT / Real Estate

Real EstateIndustrial REITsIndustrial & Logistics REITsDiversified Industrial Operators

Revenue $442M +1.1%
FFO $76M +7.9%
FFO/Share 1.16 +7.4%
FFO Payout 3.46% -6.9%
FFO per Share 1.16 +7.4%
NOI Margin 85.86% -0.5%
FFO Margin 17.25% +6.7%
ROE -8.81% -1.7%
ROA -1.74% +9.2%
Debt/Assets 79.82% +2.7%
Net Debt/EBITDA 13.46 -1.6%
Book Value/Share 15.36 -13.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FFO growing 9.2% TTM
✓Sustainable FFO payout ratio of 3.5%
✓High NOI margin of 85.9%
✓Trading at only 0.4x book value

✗Weaknesses

✗High debt to equity ratio of 4.3x

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y14.05%

3Y26.24%

TTM1.08%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM13.91%

EPS CAGR

10Y-

5Y-

3Y-

TTM14.01%

ROCE

10Y Avg5.86%

5Y Avg4.59%

3Y Avg2.66%

Latest2.57%

Peer Comparison

Diversified Industrial Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LXPLXP Industrial Trust	2.98B	50.38	77.51	5.27%	32.2%	5.66%	6.49%	0.69
STAGSTAG Industrial, Inc.	6.99B	37.44	36	8.41%	29.26%	6.88%	5.36%	0.87
FRFirst Industrial Realty Trust, Inc.	7.85B	59.31	27.33	8.73%	33.19%	8.64%	4.49%	0.81
ILPTIndustrial Logistics Properties Trust	401.96M	6.03	-4.13	1.14%	-19.87%	-9.69%	0.49%	4.28

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	147.89M	153.31M	156.51M	162.53M	229.23M	254.57M	219.87M	388.15M	437.34M	442.32M
Revenue Growth %	-	0.04%	0.02%	0.04%	0.41%	0.11%	-0.14%	0.77%	0.13%	0.01%
Property Operating Expenses	16.32M	17.2M	17.87M	19.34M	30.37M	54.77M	30.13M	50.62M	60.05M	62.56M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	42.51M	46.87M	55.03M	52.89M	96.76M	200K	86M	224.71M	248.08M	240.99M
G&A Expenses	8.74M	9.2M	16.8M	11.31M	17.19M	200K	16.72M	32.88M	31.16M	30.45M
EBITDA+	97.86M	115.19M	108.76M	117.67M	161.75M	268M	154.34M	273.8M	307.93M	310.76M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	24.09M	25.98M	26.17M	27.37M	59.64M	68.39M	50.6M	160.98M	178.73M	171.99M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	73.78M	89.2M	82.59M	90.3M	102.11M	199.61M	103.74M	112.81M	129.2M	138.77M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	2.09M	2.26M	2.44M	16.08M	50.85M	51.62M	35.63M	280.05M	288.54M	292.54M
Interest Coverage	35.27x	39.44x	33.86x	5.62x	2.01x	3.87x	2.91x	0.40x	0.45x	0.47x
Non-Operating Income	0	0	0	-200K	-743K	91.27M	-10.92M	126.64M	-8.82M	-11.43M
Pretax Income+	71.68M	86.94M	80.15M	74.42M	52.67M	81.48M	119.95M	-286.8M	-149.62M	-137.01M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	44K	44K	44K	32K	171K	277K	273K	45K	104K	162K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	71.64M	86.9M	80.1M	74.39M	52.5M	82.07M	119.68M	-226.72M	-107.99M	-95.67M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-	0.21%	-0.08%	-0.07%	-0.29%	0.56%	0.46%	-2.89%	0.52%	0.11%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-	0.18%	-0.06%	-0.04%	0.1%	0.34%	0.13%	-1.39%	2.08%	0.08%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	1.10	1.34	1.23	1.16	0.81	1.26	1.83	-3.48	-1.65	-1.46
EPS Growth %	-	0.22%	-0.08%	-0.06%	-0.3%	0.56%	0.45%	-2.9%	0.53%	0.12%
EPS (Basic)	1.10	1.34	1.23	1.16	0.81	1.26	1.83	-3.48	-1.65	-1.46
Diluted Shares Outstanding	65M	65M	65M	64.14M	65.06M	65.11M	65.21M	65.25M	65.43M	65.7M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	1.44B	1.42B	1.41B	1.53B	2.45B	1.92B	1.91B	5.68B	5.56B	5.41B
Asset Growth %	-	-0.01%	-0.01%	0.09%	0.6%	-0.22%	-0%	1.97%	-0.02%	-0.03%
Real Estate & Other Assets+	1.2B	1.2B	1.2B	-228.18M	141.15M	83.56M	1.6B	5.01B	293.82M	4.72B
PP&E (Net)	100.15M	89.63M	79.1M	75.8M	2.2B	1.67B	63.44M	297.44M	4.78B	199.19M
Investment Securities	0	-1000K	-1000K	1000K	0	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	41.41M	47.05M	51.67M	67.94M	98.84M	95.01M	105.27M	247.79M	364.89M	371.64M
Cash & Equivalents	-24.58M	-22.47M	-20.38M	9.61M	28.41M	22.83M	29.4M	48.26M	112.34M	131.71M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	6.13M	2.67M	0	92.52M	133.38M	110.77M
Intangible Assets	100.15M	89.63M	79.1M	75.8M	10.42M	8.92M	0	0	12.86M	0
Total Liabilities	109.05M	109.15M	849.48M	506.34M	1.46B	912.55M	870.52M	4.35B	4.4B	4.4B
Total Debt+	89.16M	86.74M	819.81M	480.51M	1.41B	866.58M	840.56M	4.27B	4.32B	4.32B
Net Debt	113.74M	109.21M	840.2M	470.9M	1.38B	843.75M	811.16M	4.22B	4.21B	4.18B
Long-Term Debt	89.16M	64.27M	49.43M	462.19M	1.41B	866.58M	646.12M	4.24B	4.28B	4.3B
Short-Term Borrowings	0	0	0	0	0	0	1000K	0	1000K	0
Capital Lease Obligations	24.58M	22.47M	20.38M	18.32M	0	0	12.44M	22.52M	18.53M	14.94M
Total Current Liabilities+	14.29M	16.77M	773.99M	432.7M	16.48M	14.72M	211.96M	78.37M	77.42M	81.53M
Accounts Payable	2.72M	3.07M	11.08M	12.04M	9.54M	7.78M	27.77M	73.55M	60.95M	76.75M
Deferred Revenue	4.42M	6.54M	5.79M	6M	0	0	8.39M	0	-20.99M	0
Other Liabilities	10.01M	28.11M	762.79M	7.78M	36.13M	31.26M	0	0	20.99M	0
Total Equity+	1.33B	1.4B	1.38B	1.5B	995.69M	1B	1.04B	1.33B	1.16B	1.01B
Equity Growth %	-	0.05%	-0.01%	0.08%	-0.34%	0.01%	0.03%	0.28%	-0.13%	-0.13%
Shareholders Equity	1.33B	1.31B	562.21M	1.03B	995.69M	1B	1.04B	790.72M	669.95M	562.02M
Minority Interest	0	86.74M	819.81M	470.9M	0	0	0	540.05M	491.82M	447.31M
Common Stock	1.33B	1.31B	450K	651K	652K	653K	654K	656K	658K	661K
Additional Paid-in Capital	0	0	546.49M	998.45M	999.3M	1.01B	1.01B	1.01B	1.02B	1.02B
Retained Earnings	0	0	15.27M	89.66M	0	0	343.91M	117.19M	9.2M	-86.47M
Preferred Stock	0	0	15.27M	29.18M	0	0	0	0	0	0
Return on Assets (ROA)	0.05%	0.06%	0.06%	0.05%	0.03%	0.04%	0.06%	-0.06%	-0.02%	-0.02%
Return on Equity (ROE)	0.05%	0.06%	0.06%	0.05%	0.04%	0.08%	0.12%	-0.19%	-0.09%	-0.09%
Debt / Assets	0.06%	0.06%	0.58%	0.31%	0.57%	0.45%	0.44%	0.75%	0.78%	0.8%
Debt / Equity	0.07x	0.06x	0.59x	0.32x	1.41x	0.86x	0.81x	3.21x	3.72x	4.28x
Net Debt / EBITDA	1.16x	0.95x	7.73x	4.00x	8.52x	3.15x	5.26x	15.41x	13.68x	13.46x
Book Value per Share	20.53	21.54	21.26	23.37	15.31	15.41	15.92	20.40	17.76	15.36

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	87.48M	109.25M	103.45M	96.76M	116.3M	114.56M	110.65M	83.25M	6.06M	1.96M
Operating CF Growth %	-	0.25%	-0.05%	-0.06%	0.2%	-0.01%	-0.03%	-0.25%	-0.93%	-0.68%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	71.64M	86.9M	80.1M	74.39M	52.5M	81.2M	119.68M	-286.84M	-149.72M	-137.17M
Depreciation & Amortization	24.09M	25.98M	26.17M	27.37M	59.64M	68.39M	49.11M	154.81M	175.2M	167.26M
Stock-Based Compensation	0	0	0	927K	1.11M	0	2.33M	2.22M	0	0
Other Non-Cash Items	-6.36M	-5.53M	-4.78M	-550K	-106K	-27.52M	-52.31M	215.1M	-12.97M	-16.13M
Working Capital Changes	-1.89M	1.91M	1.96M	-4.45M	4.27M	-7.52M	-5.84M	-1.99M	-6.45M	-12M
Cash from Investing+	-604.96M	-1.36M	-6.31M	-135.53M	-893.39M	-4.52M	22.88M	-3.45B	67.74M	16.42M
Acquisitions (Net)	0	0	0	-8.63M	0	106.28M	804K	589.41M	0	0
Purchase of Investments	-1.46M	0	-281K	-130.52M	-884.57M	-115.81M	-134.73M	-3.59B	0	-43.15M
Sale of Investments	0	0	0	0	0	1000K	1000K	1000K	1000K	1000K
Other Investing	-604.96M	-1.36M	-6.31M	-126.89M	8.33M	-106M	-804K	-568.95M	10.82M	-5.7M
Cash from Financing+	517.49M	-107.9M	-97.15M	48.37M	802.03M	-121.76M	-126.96M	3.47B	31.14M	-21.63M
Dividends Paid	-145.55M	-154.09M	-153.89M	-69.67M	-85.94M	-86.09M	-86.24M	-44.48M	-2.63M	-2.64M
Common Dividends	-145.55M	-154.09M	-153.89M	-69.67M	-85.94M	-86.09M	-86.24M	-44.48M	-2.63M	-2.64M
Debt Issuance (Net)	0	-16K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K
Share Repurchases	0	0	0	-52K	-253K	-382K	-922K	-242K	-163K	-312K
Other Financing	663.03M	46.21M	71.08M	455.09M	-8.78M	102.46M	-804K	383.79M	-1.65M	-560K
Net Change in Cash+	0	0	0	48.37M	24.94M	-11.72M	6.56M	111.38M	104.94M	-3.24M
Exchange Rate Effect	0	0	0	1000K	0	0	0	0	0	0
Cash at Beginning	0	0	0	-38.76M	9.61M	34.55M	22.83M	29.4M	140.78M	245.72M
Cash at End	0	0	0	9.61M	34.55M	22.83M	29.4M	140.78M	245.72M	242.48M
Free Cash Flow+	86.02M	107.9M	97.43M	91.76M	99.14M	108.71M	105.74M	65.52M	6.06M	1.96M
FCF Growth %	-	0.25%	-0.1%	-0.06%	0.08%	0.1%	-0.03%	-0.38%	-0.91%	-0.68%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.47	1.74	1.64	1.59	1.72	2.31	2.61	-1.01	1.08	1.16
FFO Payout Ratio	152.04%	136.51%	144.8%	68.46%	76.63%	57.22%	50.64%	-67.65%	3.71%	3.46%
NOI Margin	88.97%	88.78%	88.58%	88.1%	86.75%	78.49%	86.29%	86.96%	86.27%	85.86%
Net Debt / EBITDA	1.16x	0.95x	7.73x	4.00x	8.52x	3.15x	5.26x	15.41x	13.68x	13.46x
Debt / Assets	6.18%	6.1%	58.07%	31.31%	57.3%	45.23%	44.04%	75.17%	77.73%	79.82%
Interest Coverage	35.27x	39.44x	33.86x	5.62x	2.01x	3.87x	2.91x	0.40x	0.45x	0.47x
Book Value / Share	20.53	21.54	21.26	23.37	15.31	15.41	15.92	20.4	17.76	15.36
Revenue Growth	-	3.66%	2.08%	3.85%	41.04%	11.05%	-13.63%	76.53%	12.67%	1.14%

Frequently Asked Questions

Growth & Financials

Industrial Logistics Properties Trust (ILPT) reported $445.5M in revenue for fiscal year 2024. This represents a 201% increase from $147.9M in 2015.

Industrial Logistics Properties Trust (ILPT) grew revenue by 1.1% over the past year. Growth has been modest.

Industrial Logistics Properties Trust (ILPT) reported a net loss of $88.5M for fiscal year 2024.

Dividend & Returns

Yes, Industrial Logistics Properties Trust (ILPT) pays a dividend with a yield of 0.67%. This makes it attractive for income-focused investors.

Industrial Logistics Properties Trust (ILPT) has a return on equity (ROE) of -8.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Industrial Logistics Properties Trust (ILPT) generated Funds From Operations (FFO) of $77.3M in the trailing twelve months. FFO is the primary profitability metric for REITs.