Industrial Logistics Properties Trust ILPT
Industrial Logistics Properties Trust is a REIT that owns and leases industrial and logistics properties throughout the United States. As of December 31, 2025, the company's portfolio comprised 409 properties containing approximately 59,604,000 rentable square feet located in 39 states with 94.5% occupancy. The portfolio includes properties owned directly and through consolidated and unconsolidated joint ventures, with major tenants including FedEx Corporation, Amazon.com Services, Inc., and Home Depot U.S.A., Inc. The company's properties are concentrated in mainland United States locations and Hawaii, with leases generally providing for fixed annual rents plus tenant reimbursement of operating expenses, and certain Hawaii properties featuring periodic rent resets based on fair market value.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-18 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Normalized FFO / leverage are from the Q1 2026 earnings release (filed 2026-06-01) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model ILPT yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $448.85M | $-66.19M | $165.23M | $327.93M | $60.67M |
| 2024 | $442.32M | $-95.67M | $171.99M | $322.19M | $1.96M |
| 2023 | $437.34M | $-107.99M | $178.73M | $316.75M | $6.06M |
| 2022 | $388.15M | $-226.72M | $160.98M | $147.16M | $83.25M |
| 2021 | $219.87M | $119.68M | $50.60M | $165.26M | $110.65M |
| 2020 | $254.57M | $82.07M | $68.39M | $176.74M | $114.56M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-04-21 | 2026-04-21 | 2026-05-14 | 2026-04-09 | $0.05 | Quarterly |
| 2026-01-26 | 2026-01-26 | 2026-02-19 | 2026-01-15 | $0.05 | Quarterly |
| 2025-10-27 | 2025-10-27 | 2025-11-13 | 2025-10-09 | $0.05 | Quarterly |
| 2025-07-21 | 2025-07-21 | 2025-08-14 | 2025-07-10 | $0.05 | Quarterly |
| 2025-04-22 | 2025-04-22 | 2025-05-15 | 2025-04-10 | $0.01 | Quarterly |
| 2025-01-27 | 2025-01-27 | 2025-02-20 | 2025-01-16 | $0.01 | Quarterly |
| 2024-10-28 | 2024-10-28 | 2024-11-14 | 2024-10-16 | $0.01 | Quarterly |
| 2024-07-22 | 2024-07-22 | 2024-08-15 | 2024-07-11 | $0.01 | Quarterly |
| 2024-04-19 | 2024-04-22 | 2024-05-16 | 2024-04-11 | $0.01 | Quarterly |
| 2024-01-19 | 2024-01-22 | 2024-02-15 | 2024-01-11 | $0.01 | Quarterly |
| 2023-10-20 | 2023-10-23 | 2023-11-16 | 2023-10-12 | $0.01 | Quarterly |
| 2023-07-21 | 2023-07-24 | 2023-08-17 | 2023-07-13 | $0.01 | Quarterly |
| 2023-04-21 | 2023-04-24 | 2023-05-18 | 2023-04-13 | $0.01 | Quarterly |
| 2023-01-20 | 2023-01-23 | 2023-02-16 | 2023-01-12 | $0.01 | Quarterly |
| 2022-10-21 | 2022-10-24 | 2022-11-17 | 2022-10-13 | $0.01 | Quarterly |
| 2022-07-22 | 2022-07-25 | 2022-08-18 | 2022-07-14 | $0.01 | Quarterly |
| 2022-04-22 | 2022-04-25 | 2022-05-19 | 2022-04-14 | $0.33 | Quarterly |
| 2022-01-21 | 2022-01-24 | 2022-02-17 | 2022-01-13 | $0.33 | Quarterly |
| 2021-10-22 | 2021-10-25 | 2021-11-18 | 2021-10-14 | $0.33 | Quarterly |
| 2021-07-23 | 2021-07-26 | 2021-08-19 | 2021-07-15 | $0.33 | Quarterly |
| 2021-04-23 | 2021-04-26 | 2021-05-20 | 2021-04-15 | $0.33 | Quarterly |
| 2021-01-22 | 2021-01-25 | 2021-02-18 | 2021-01-14 | $0.33 | Quarterly |
| 2020-10-23 | 2020-10-26 | 2020-11-19 | 2020-10-15 | $0.33 | Quarterly |
| 2020-07-24 | 2020-07-27 | 2020-08-20 | 2020-07-16 | $0.33 | Quarterly |
Coverage (payout of operating cash flow): 21.76%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — ILPT
Industrial Logistics Properties Trust Increases Quarterly Distribution on Common Shares to $0.10 Per Share or $0.40 Per Share Per Year
Industrial Logistics Properties Trust Second Quarter 2026 Conference Call Scheduled for Thursday, July 30th
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Industrial Logistics Properties Trust (ILPT) Soars 5.7%: Is Further Upside Left in the Stock?
Are Investors Undervaluing Industrial Logistics Properties Trust (ILPT) Right Now?
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Industrial Logistics Properties Trust Announces Two New Leases Totaling More Than 2.7 Million Square Feet in Indianapolis, Indiana and Kapolei, Hawaii
Industrial Logistics Properties Trust Elects Elena B. Poptodorova to Board of Trustees
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.