8-K Announcements
6Apr 29, 2026·SEC
Feb 18, 2026·SEC
Jan 14, 2026·SEC
Industrial Logistics Properties Trust (ILPT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Industrial Logistics Properties Trust (ILPT) stock price & volume — 10-year historical chart
Industrial Logistics Properties Trust (ILPT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Industrial Logistics Properties Trust (ILPT) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.14vs $0.20+30.0% | $116Mvs $115M+1.4% |
| Q1 2026 | Feb 18, 2026 | $0.03vs $0.28-110.7% | $114Mvs $112M+2.0% |
| Q4 2025 | Oct 28, 2025 | $0.33vs $0.26-226.9% | $111Mvs $112M-0.7% |
| Q3 2025 | Jul 29, 2025 | $0.32vs $0.21-252.4% | $112Mvs $111M+0.6% |
Industrial Logistics Properties Trust (ILPT) competitors in Industrial Logistics Warehouse REITs — business model, growth, and fundamentals comparison
Industrial Logistics Properties Trust (ILPT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Industrial Logistics Properties Trust (ILPT) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 156.51M | 162.53M | 229.23M | 254.57M | 219.87M | 388.15M | 437.34M | 442.32M | 448.85M | 453.36M |
| Revenue Growth % | 2.08% | 3.85% | 41.04% | 11.05% | -13.63% | 76.53% | 12.67% | 1.14% | 1.48% | 2.57% |
| Property Operating Expenses | 17.87M | 19.34M | 30.37M | 54.77M | 30.13M | 50.62M | 60.05M | 62.56M | 392.13M | 404.09M |
| Net Operating Income (NOI) | 138.64M▲ 0% | 143.19M▲ 3.3% | 198.87M▲ 38.9% | 199.81M▲ 0.5% | 189.74M▼ 5.0% | 337.53M▲ 77.9% | 377.29M▲ 11.8% | 379.76M▲ 0.7% | 56.72M▼ 85.1% | 49.27M▲ 0% |
| NOI Margin % | 88.58% | 88.1% | 86.75% | 78.49% | 86.29% | 86.96% | 86.27% | 85.86% | 12.64% | 10.87% |
| Operating Expenses | 55.03M | 52.89M | 96.76M | 200K | 86M | 224.71M | 248.08M | 240.99M | -91.21M | -100.95M |
| G&A Expenses | 16.8M | 11.31M | 17.19M | 200K | 16.72M | 32.88M | 31.16M | 30.45M | 36.96M | 38.19M |
| EBITDA | 108.76M | 117.67M | 161.75M | 268M | 154.34M | 273.8M | 307.93M | 310.76M | 313.15M | 305.92M |
| EBITDA Margin % | 69.49% | 72.4% | 70.56% | 105.28% | 70.19% | 70.54% | 70.41% | 70.26% | 69.77% | 67.48% |
| Depreciation & Amortization | 26.17M | 27.37M | 59.64M | 68.39M | 50.6M | 160.98M | 178.73M | 171.99M | 165.23M | 155.7M |
| D&A / Revenue % | 16.72% | 16.84% | 26.02% | 26.87% | 23.01% | 41.47% | 40.87% | 38.88% | 36.81% | 34.34% |
| Operating Income | 82.59M▲ 0% | 90.3M▲ 9.3% | 102.11M▲ 13.1% | 199.61M▲ 95.5% | 103.74M▼ 48.0% | 112.81M▲ 8.7% | 129.2M▲ 14.5% | 138.77M▲ 7.4% | 147.93M▲ 6.6% | 150.22M▲ 0% |
| Operating Margin % | 52.77% | 55.56% | 44.54% | 78.41% | 47.18% | 29.06% | 29.54% | 31.37% | 32.96% | 33.13% |
| Interest Expense | 2.44M | 16.08M | 50.85M | 51.62M | 35.63M | 280.05M | 288.54M | 292.54M | 265.17M | 4M |
| Interest Coverage | 33.86x | 5.63x | 2.02x | 2.10x | 3.22x | -0.05x | 0.48x | 0.51x | 0.61x | - |
| Non-Operating Income | 0 | -200K | -743K | 91.27M | -10.92M | 126.64M | -8.82M | -11.43M | -14.78M | -12.81M |
| Pretax Income | 80.15M▲ 0% | 74.42M▼ 7.1% | 52.67M▼ 29.2% | 81.48M▲ 54.7% | 119.95M▲ 47.2% | -286.8M▼ 339.1% | -149.62M▲ 47.8% | -137.01M▲ 8.4% | -102.46M▲ 25.2% | -91.94M▲ 0% |
| Pretax Margin % | 51.21% | 45.79% | 22.98% | 32.01% | 54.56% | -73.89% | -34.21% | -30.97% | -22.83% | -20.28% |
| Income Tax | 44K | 32K | 171K | 277K | 273K | 45K | 104K | 162K | 104K | 190K |
| Effective Tax Rate % | 0.05% | 0.04% | 0.32% | 0.34% | 0.23% | -0.02% | -0.07% | -0.12% | -0.1% | -0.21% |
| Net Income | 80.1M▲ 0% | 74.39M▼ 7.1% | 52.5M▼ 29.4% | 82.07M▲ 56.3% | 119.68M▲ 45.8% | -226.72M▼ 289.4% | -107.99M▲ 52.4% | -95.67M▲ 11.4% | -66.19M▲ 30.8% | -54.08M▲ 0% |
| Net Margin % | 51.18% | 45.77% | 22.9% | 32.24% | 54.43% | -58.41% | -24.69% | -21.63% | -14.75% | -11.93% |
| Net Income Growth % | -7.82% | -7.13% | -29.43% | 56.33% | 45.83% | -289.44% | 52.37% | 11.41% | 30.82% | 42.34% |
| Funds From Operations (FFO) | 106.28M▲ 0% | 101.76M▼ 4.2% | 112.14M▲ 10.2% | 150.47M▲ 34.2% | 170.28M▲ 13.2% | -65.74M▼ 138.6% | 70.74M▲ 207.6% | 76.32M▲ 7.9% | 99.04M▲ 29.8% | 101.62M▲ 0% |
| FFO Margin % | 67.9% | 62.61% | 48.92% | 59.1% | 77.44% | -16.94% | 16.17% | 17.25% | 22.07% | 22.41% |
| FFO Growth % | -5.85% | -4.25% | 10.2% | 34.18% | 13.17% | -138.61% | 207.6% | 7.89% | 29.77% | 142.32% |
| FFO per Share | 1.63 | 1.59 | 1.72 | 2.31 | 2.61 | -1.01 | 1.08 | 1.16 | 1.50 | 1.54 |
| FFO Payout Ratio % | 144.8% | 68.46% | 76.63% | 57.22% | 50.64% | -67.65% | 3.71% | 3.46% | 8.05% | 0.65% |
| EPS (Diluted) | 1.23▲ 0% | 1.16▼ 5.7% | 0.81▼ 30.2% | 1.26▲ 55.6% | 1.83▲ 45.2% | -3.48▼ 290.2% | -1.65▲ 52.6% | -1.46▲ 11.5% | -1.00▲ 31.5% | -0.82▲ 0% |
| EPS Growth % | -3.91% | -5.69% | -30.17% | 55.56% | 45.24% | -290.16% | 52.59% | 11.52% | 31.51% | 42.87% |
| EPS (Basic) | 1.23 | 1.16 | 0.81 | 1.26 | 1.83 | -3.48 | -1.65 | -1.46 | -1.00 | - |
| Diluted Shares Outstanding | 65M | 64.14M | 65.06M | 65.11M | 65.21M | 65.25M | 65.43M | 65.7M | 66.01M | 66.18M |
Industrial Logistics Properties Trust (ILPT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.41B | 1.53B | 2.45B | 1.92B | 1.91B | 5.68B | 5.56B | 5.41B | 5.19B | 5.17B |
| Asset Growth % | -0.75% | 8.71% | 59.97% | -21.96% | -0.38% | 197.41% | -1.98% | -2.83% | -4% | -16.58% |
| Real Estate & Other Assets | 1.2B | -228.18M | 141.15M | 83.56M | 1.6B | 5.01B | 293.82M | 4.72B | 40.03M | 4.55B |
| PP&E (Net) | 79.1M | 75.8M | 2.2B | 1.67B | 63.44M | 297.44M | 4.78B | 199.19M | 0 | 156.13M |
| Investment Securities | -1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 51.67M | 67.94M | 98.84M | 95.01M | 105.27M | 247.79M | 364.89M | 371.64M | 319.7M | 323.38M |
| Cash & Equivalents | -20.38M | 9.61M | 28.41M | 22.83M | 29.4M | 48.26M | 112.34M | 131.71M | 183.03M | 99.5M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | 6.13M | 2.67M | 0 | 92.52M | 133.38M | 110.77M | 0 | 86.29M |
| Intangible Assets | 79.1M | 75.8M | 10.42M | 8.92M | 0 | 0 | 12.86M | 0 | 164.19M | 0 |
| Total Liabilities | 849.48M | 506.34M | 1.46B | 912.55M | 870.52M | 4.35B | 4.4B | 4.4B | 4.29B | 4.28B |
| Total Debt | 819.81M | 480.51M | 1.41B | 866.58M | 840.56M | 4.27B | 4.32B | 4.32B | 4.22B | 4.2B |
| Net Debt | 840.2M | 470.9M | 1.38B | 843.75M | 811.16M | 4.22B | 4.21B | 4.18B | 4.04B | 4.1B |
| Long-Term Debt | 49.43M | 462.19M | 1.41B | 866.58M | 646.12M | 4.24B | 4.28B | 4.3B | 2.79B | 4.19B |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 182M | 0 | 20.99M | 0 | 1.42B | 0 |
| Capital Lease Obligations | 20.38M | 18.32M | 0 | 0 | 12.44M | 22.52M | 18.53M | 14.94M | 15.5M | 52.14M |
| Total Current Liabilities | 773.99M | 432.7M | 16.48M | 14.72M | 211.96M | 78.37M | 77.42M | 81.53M | 1.42B | 82.65M |
| Accounts Payable | 11.08M | 12.04M | 9.54M | 7.78M | 27.77M | 73.55M | 60.95M | 76.75M | 0 | 76.25M |
| Deferred Revenue | 5.79M | 6M | 0 | 0 | 8.39M | 0 | -20.99M | 0 | 0 | 0 |
| Other Liabilities | 762.79M | 7.78M | 36.13M | 31.26M | 0 | 0 | 20.99M | 0 | 65.05M | 0 |
| Total Equity | 1.38B▲ 0% | 1.5B▲ 8.5% | 995.69M▼ 33.6% | 1B▲ 0.8% | 1.04B▲ 3.5% | 1.33B▲ 28.2% | 1.16B▼ 12.7% | 1.01B▼ 13.1% | 900.7M▼ 10.8% | 883.69M▲ 0% |
| Equity Growth % | -1.28% | 8.48% | -33.58% | 0.75% | 3.47% | 28.2% | -12.7% | -13.12% | -10.76% | -45.56% |
| Shareholders Equity | 562.21M | 1.03B | 995.69M | 1B | 1.04B | 790.72M | 669.95M | 562.02M | 489.7M | 479.72M |
| Minority Interest | 819.81M | 470.9M | 0 | 0 | 0 | 540.05M | 491.82M | 447.31M | 411M | 403.97M |
| Common Stock | 450K | 651K | 652K | 653K | 654K | 656K | 658K | 661K | 667K | 667K |
| Additional Paid-in Capital | 546.49M | 998.45M | 999.3M | 1.01B | 1.01B | 1.01B | 1.02B | 1.02B | 1.02B | 1.02B |
| Retained Earnings | 15.27M | 89.66M | 0 | 0 | 343.91M | 117.19M | 9.2M | -86.47M | -529.12M | -162.09M |
| Preferred Stock | 15.27M | 29.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 5.65% | 5.05% | 2.63% | 3.76% | 6.26% | -5.98% | -1.92% | -1.74% | -1.25% | -1.04% |
| Return on Equity (ROE) | 5.76% | 5.16% | 4.21% | 8.21% | 11.73% | -19.14% | -8.66% | -8.81% | -6.93% | -5.93% |
| Debt / Assets | 58.07% | 31.31% | 57.3% | 45.23% | 44.04% | 75.17% | 77.73% | 79.82% | 81.39% | 81.3% |
| Debt / Equity | 0.59x | 0.32x | 1.41x | 0.86x | 0.81x | 3.21x | 3.72x | 4.28x | 4.69x | 4.69x |
| Net Debt / EBITDA | 7.73x | 4.00x | 8.52x | 3.15x | 5.26x | 15.41x | 13.68x | 13.46x | 12.90x | 12.90x |
| Book Value per Share | 21.26 | 23.37 | 15.31 | 15.41 | 15.92 | 20.40 | 17.76 | 15.36 | 13.65 | 13.35 |
Industrial Logistics Properties Trust (ILPT) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 103.45M | 96.76M | 116.3M | 114.56M | 110.65M | 83.25M | 6.06M | 1.96M | 60.67M | 60.67M |
| Operating CF Growth % | -5.31% | -6.47% | 20.19% | -1.49% | -3.42% | -24.76% | -92.72% | -67.6% | 2990.78% | 1035.69% |
| Operating CF / Revenue % | 66.1% | 59.54% | 50.73% | 45% | 50.32% | 21.45% | 1.39% | 0.44% | 13.52% | 13.38% |
| Net Income | 80.1M | 74.39M | 52.5M | 81.2M | 119.68M | -286.84M | -149.72M | -137.17M | -102.57M | -54.08M |
| Depreciation & Amortization | 26.17M | 27.37M | 59.64M | 68.39M | 49.11M | 154.81M | 175.2M | 167.26M | 127.59M | 118.12M |
| Stock-Based Compensation | 0 | 927K | 1.11M | 0 | 2.33M | 2.22M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -4.78M | -550K | -106K | -27.52M | -52.31M | 215.1M | -12.97M | -16.13M | 24.91M | 27.14M |
| Working Capital Changes | 1.96M | -4.45M | 4.27M | -7.52M | -5.84M | -1.99M | -6.45M | -12M | 10.74M | 9.19M |
| Cash from Investing | -6.31M | -135.53M | -893.39M | -4.52M | 22.88M | -3.45B | 67.74M | 16.42M | 3.96M | 10.95M |
| Acquisitions (Net) | 0 | -8.63M | 0 | 106.28M | 804K | 589.41M | 0 | 0 | 0 | 0 |
| Purchase of Investments | -281K | -130.52M | -884.57M | -115.81M | -134.73M | -3.59B | 0 | -43.15M | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 116.86M | 162.52M | 140.79M | 56.91M | 65.27M | 0 | 0 |
| Other Investing | -6.31M | -126.89M | 8.33M | -106M | -804K | -568.95M | 10.82M | -5.7M | 3.96M | 10.95M |
| Cash from Financing | -97.15M | 48.37M | 802.03M | -121.76M | -126.96M | 3.47B | 31.14M | -21.63M | -124.08M | -127.06M |
| Dividends Paid | -153.89M | -69.67M | -85.94M | -86.09M | -86.24M | -44.48M | -2.63M | -2.64M | -7.97M | 661K |
| Common Dividends | -153.89M | -69.67M | -85.94M | -86.09M | -86.24M | -44.48M | -2.63M | -2.64M | -7.97M | 661K |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K |
| Share Repurchases | 0 | -52K | -253K | -382K | -922K | -242K | -163K | -312K | -451K | -465K |
| Other Financing | 71.08M | 455.09M | -8.78M | 102.46M | -804K | 383.79M | -1.65M | -560K | -16.79M | -131.9M |
| Net Change in Cash | 0▲ 0% | 48.37M▲ 0% | 24.94M▼ 48.4% | -11.72M▼ 147.0% | 6.56M▲ 156.0% | 111.38M▲ 1597.1% | 104.94M▼ 5.8% | -3.24M▼ 103.1% | -59.45M▼ 1733.1% | -50.91M▲ 0% |
| Exchange Rate Effect | 0 | 38.76M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 0 | -38.76M | 9.61M | 34.55M | 22.83M | 29.4M | 140.78M | 245.72M | 242.48M | 183.03M |
| Cash at End | 0 | 9.61M | 34.55M | 22.83M | 29.4M | 140.78M | 245.72M | 242.48M | 183.03M | 185.79M |
| Free Cash Flow | 97.43M▲ 0% | 91.76M▼ 5.8% | 99.14M▲ 8.0% | 108.71M▲ 9.6% | 105.74M▼ 2.7% | 65.52M▼ 38.0% | 6.06M▼ 90.8% | 1.96M▼ 67.6% | 60.67M▲ 2990.8% | 65.19M▲ 0% |
| FCF Growth % | -9.7% | -5.82% | 8.05% | 9.65% | -2.73% | -38.04% | -90.75% | -67.6% | 2990.78% | 1584.14% |
| FCF / Revenue % | 62.25% | 56.46% | 43.25% | 42.7% | 48.09% | 16.88% | 1.39% | 0.44% | 13.52% | 14.38% |
Industrial Logistics Properties Trust (ILPT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 1.63 | 1.59 | 1.72 | 2.31 | 2.61 | -1.01 | 1.08 | 1.16 | 1.5 | 1.54 |
| FFO Payout Ratio | 144.8% | 68.46% | 76.63% | 57.22% | 50.64% | -67.65% | 3.71% | 3.46% | 8.05% | 0.65% |
| NOI Margin | 88.58% | 88.1% | 86.75% | 78.49% | 86.29% | 86.96% | 86.27% | 85.86% | 12.64% | 10.87% |
| Net Debt / EBITDA | 7.73x | 4.00x | 8.52x | 3.15x | 5.26x | 15.41x | 13.68x | 13.46x | 12.90x | 12.90x |
| Debt / Assets | 58.07% | 31.31% | 57.3% | 45.23% | 44.04% | 75.17% | 77.73% | 79.82% | 81.39% | 81.3% |
| Interest Coverage | 33.86x | 5.63x | 2.02x | 2.10x | 3.22x | -0.05x | 0.48x | 0.51x | 0.61x | - |
| Book Value / Share | 21.26 | 23.37 | 15.31 | 15.41 | 15.92 | 20.4 | 17.76 | 15.36 | 13.65 | 13.35 |
| Revenue Growth | 2.08% | 3.85% | 41.04% | 11.05% | -13.63% | 76.53% | 12.67% | 1.14% | 1.48% | 2.57% |
Industrial Logistics Properties Trust (ILPT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 29, 2026·SEC
Feb 18, 2026·SEC
Jan 14, 2026·SEC
Industrial Logistics Properties Trust (ILPT) stock FAQ — growth, dividends, profitability & financials explained
Industrial Logistics Properties Trust (ILPT) reported $453.4M in revenue for fiscal year 2025. This represents a 207% increase from $147.9M in 2015.
Industrial Logistics Properties Trust (ILPT) grew revenue by 1.5% over the past year. Growth has been modest.
Industrial Logistics Properties Trust (ILPT) reported a net loss of $54.1M for fiscal year 2025.
Yes, Industrial Logistics Properties Trust (ILPT) pays a dividend with a yield of 1.62%. This makes it attractive for income-focused investors.
Industrial Logistics Properties Trust (ILPT) has a return on equity (ROE) of -6.9%. Negative ROE indicates the company is unprofitable.
Industrial Logistics Properties Trust (ILPT) generated Funds From Operations (FFO) of $101.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Industrial Logistics Properties Trust (ILPT) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates