Industrial Logistics Properties Trust (ILPT) Financial Ratios
11 years of historical data (2015–2025) · Real Estate · REIT - Industrial
EV/EBITDA
↓
14.63
-2% vs avg
5yr avg: 15.00
30Y Low8.8·High17.5
P/FCF
↓
8.90
↓-77% vs avg
5yr avg: 39.53
30Y Low3.3·High122.2
P/B Ratio
↓
0.59
+12% vs avg
5yr avg: 0.53
30Y Low0.2·High1.6
ROE
↓
-6.9%
-9% vs avg
5yr avg: -6.4%
30Y Low-19%·High12%
Debt/EBITDA
↑
13.49
+8% vs avg
5yr avg: 12.49
30Y Low0.8·High15.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ILPT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Industrial Logistics Properties Trust currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 8.9x P/FCF, 77% below the 5-year average of 39.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $540M | $366M | $240M | $308M | $213M | $1.6B | $1.5B | $1.5B | $1.3B | — | — |
| Enterprise Value | $4.6B | $4.4B | $4.4B | $4.5B | $4.4B | $2.4B | $2.4B | $2.8B | $1.7B | — | — |
| P/E Ratio → | -8.10 | — | — | — | — | 13.69 | 18.48 | 27.68 | 16.96 | — | — |
| P/S Ratio | 1.20 | 0.81 | 0.54 | 0.70 | 0.55 | 7.43 | 5.96 | 6.36 | 7.76 | — | — |
| P/B Ratio | 0.59 | 0.41 | 0.24 | 0.26 | 0.16 | 1.57 | 1.51 | 1.46 | 0.84 | — | — |
| P/FCF | 8.90 | 6.03 | 122.16 | 50.75 | 3.26 | 15.45 | 13.95 | 14.71 | 13.75 | — | — |
| P/OCF | 8.90 | 6.03 | 122.16 | 50.75 | 2.56 | 14.76 | 13.24 | 12.54 | 13.04 | — | — |
P/E links to full P/E history page with 30-year chart
ILPT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Industrial Logistics Properties Trust's enterprise value stands at 14.6x EBITDA, roughly in line with its 5-year average of 15.0x. The Real Estate sector median is 17.0x, placing the stock at a 14% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.82 | 10.00 | 10.33 | 11.42 | 11.12 | 9.27 | 12.37 | 10.66 | — | — |
| EV / EBITDA | 14.63 | 14.07 | 14.23 | 14.68 | 16.19 | 15.84 | 8.81 | 17.54 | 14.72 | — | — |
| EV / EBIT | 30.97 | 27.08 | 29.45 | 32.75 | — | 21.32 | 21.78 | 27.58 | 19.14 | — | — |
| EV / FCF | — | 72.63 | 2253.47 | 745.94 | 67.65 | 23.12 | 21.71 | 28.61 | 18.88 | — | — |
ILPT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Industrial Logistics Properties Trust earns an operating margin of 33.0%, above the Real Estate sector average of 24.8%. Operating margins have expanded from 29.5% to 33.0% over the past 3 years, signaling improving operational efficiency. A negative ROE of -6.9% indicates the company is currently destroying shareholder equity. ROIC of 2.2% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.6% | 12.6% | 85.9% | 86.3% | 87.0% | 86.3% | 78.5% | 86.8% | 88.1% | 88.6% | 88.8% |
| Operating Margin | 33.0% | 33.0% | 31.4% | 29.5% | 29.1% | 47.2% | 78.4% | 44.5% | 55.6% | 52.8% | 58.2% |
| Net Profit Margin | -14.7% | -14.7% | -21.6% | -24.7% | -58.4% | 54.4% | 32.2% | 22.9% | 45.8% | 51.2% | 56.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -6.9% | -6.9% | -8.8% | -8.7% | -19.1% | 11.7% | 8.2% | 4.2% | 5.2% | 5.8% | 6.4% |
| ROA | -1.2% | -1.2% | -1.7% | -1.9% | -6.0% | 6.3% | 3.8% | 2.6% | 5.0% | 5.7% | 6.1% |
| ROIC | 2.2% | 2.2% | 2.0% | 1.8% | 2.3% | 4.2% | 7.1% | 3.5% | 3.2% | 3.3% | 4.5% |
| ROCE | 3.3% | 3.3% | 2.6% | 2.3% | 3.1% | 5.8% | 9.2% | 5.8% | 10.4% | 8.1% | 6.3% |
ILPT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Industrial Logistics Properties Trust carries a Debt/EBITDA ratio of 13.5x, which is highly leveraged (70% above the sector average of 7.9x). Net debt stands at $4.0B ($4.2B total debt minus $183M cash). Interest coverage of just 0.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.69 | 4.69 | 4.28 | 3.72 | 3.21 | 0.81 | 0.86 | 1.41 | 0.32 | 0.59 | 0.06 |
| Debt / EBITDA | 13.49 | 13.49 | 13.89 | 14.04 | 15.58 | 5.45 | 3.23 | 8.70 | 4.08 | 7.54 | 0.75 |
| Net Debt / Equity | — | 4.49 | 4.15 | 3.63 | 3.17 | 0.78 | 0.84 | 1.38 | 0.31 | 0.61 | 0.08 |
| Net Debt / EBITDA | 12.90 | 12.90 | 13.46 | 13.68 | 15.41 | 5.26 | 3.15 | 8.52 | 4.00 | 7.73 | 0.95 |
| Debt / FCF | — | 66.61 | 2131.31 | 695.19 | 64.39 | 7.67 | 7.76 | 13.90 | 5.13 | 8.62 | 1.01 |
| Interest Coverage | 0.61 | 0.61 | 0.51 | 0.48 | -0.05 | 3.22 | 2.10 | 2.02 | 5.63 | 33.86 | 39.44 |
ILPT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.23x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 4.71x to 0.23x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.23 | 0.23 | 4.56 | 4.71 | 3.16 | 0.50 | 6.46 | 6.00 | 0.16 | 0.07 | 2.81 |
| Quick Ratio | 0.23 | 0.23 | 4.56 | 4.71 | 3.16 | 0.50 | 6.46 | 6.00 | 0.16 | 1.86 | 86.29 |
| Cash Ratio | 0.13 | 0.13 | 1.62 | 1.45 | 0.62 | 0.14 | 1.55 | 1.72 | 0.02 | -0.03 | -1.34 |
| Asset Turnover | — | 0.09 | 0.08 | 0.08 | 0.07 | 0.12 | 0.13 | 0.09 | 0.11 | 0.11 | 0.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ILPT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Industrial Logistics Properties Trust returns 1.6% to shareholders annually — split between a 1.5% dividend yield and 0.1% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | 2.2% | 1.1% | 0.9% | 20.8% | 5.3% | 5.7% | 5.9% | 5.5% | — | — |
| Payout Ratio | — | — | — | — | — | 72.1% | 104.9% | 163.7% | 93.7% | 192.1% | 177.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 7.3% | 5.4% | 3.6% | 5.9% | — | — |
| FCF Yield | 11.2% | 16.6% | 0.8% | 2.0% | 30.7% | 6.5% | 7.2% | 6.8% | 7.3% | — | — |
| Buyback Yield | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 1.6% | 2.3% | 1.2% | 0.9% | 21.0% | 5.3% | 5.7% | 5.9% | 5.5% | — | — |
| Shares Outstanding | — | $66M | $66M | $65M | $65M | $65M | $65M | $65M | $64M | $65M | $68M |
Peer Comparison
Compare ILPT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ILPTYou | $540M | -8.1 | 14.6 | 8.9 | 12.6% | 33.0% | -6.9% | 2.2% | 13.5 |
 PLD | $135B | 39.7 | 27.3 | 26.9 | 59.6% | 40.2% | 5.9% | 2.9% | 5.7 |
 EGP | $11B | 41.1 | 24.8 | 26.5 | 43.3% | 39.9% | 7.6% | 4.3% | 3.5 |
 STAG | $7B | 25.9 | 16.9 | 18.0 | 61.3% | 37.7% | 7.6% | 3.5% | 5.3 |
 FR | $8B | 33.0 | 21.7 | 71.3 | 22.6% | 42.3% | 9.0% | 4.5% | 5.2 |
 REXR | $8B | 38.5 | 16.1 | 37.7 | 77.3% | 37.9% | 2.4% | 2.4% | 5.0 |
 LXP | $3B | 29.2 | 17.6 | 19.1 | -30.7% | 14.0% | 5.4% | 1.1% | 5.6 |
 MNR | $2B | 11.4 | 5.1 | 8.9 | 33.4% | 28.5% | 17.9% | 10.1% | 1.9 |
 TRNO | $7B | 16.4 | 24.7 | 32.8 | 75.8% | 40.4% | 10.3% | 3.0% | 3.0 |
 PLYM | $979M | 7.1 | 13.3 | 10.2 | 68.9% | 18.2% | 25.9% | 2.1% | 5.4 |
 IIPR | $2B | 15.2 | 10.3 | 9.7 | 88.7% | 46.7% | 6.0% | 4.3% | 2.0 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
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ILPT — Frequently Asked Questions
Quick answers to the most common questions about buying ILPT stock.
What is Industrial Logistics Properties Trust's P/E ratio?
Industrial Logistics Properties Trust's current P/E ratio is -8.1x. The historical average is 19.2x.
What is Industrial Logistics Properties Trust's EV/EBITDA?
Industrial Logistics Properties Trust's current EV/EBITDA is 14.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.5x.
What is Industrial Logistics Properties Trust's ROE?
Industrial Logistics Properties Trust's return on equity (ROE) is -6.9%. The historical average is 0.3%.
Is ILPT stock overvalued?
Based on historical data, Industrial Logistics Properties Trust is trading at a P/E of -8.1x. Compare with industry peers and growth rates for a complete picture.
What is Industrial Logistics Properties Trust's dividend yield?
Industrial Logistics Properties Trust's current dividend yield is 1.49%.
What are Industrial Logistics Properties Trust's profit margins?
Industrial Logistics Properties Trust has 12.6% gross margin and 33.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Industrial Logistics Properties Trust have?
Industrial Logistics Properties Trust's Debt/EBITDA ratio is 13.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.