JMP Securities caught up with Industrial Logistics Properties Trust and said management suggested declining operating trends driven by two notable move-outs. The move-outs are expected to drag on core operating trends for the portfolio in the near term, the analyst tells investors in a research note. Per Cushman & Wakefield, the industrial sector is witnessing a cooldown as industrial vacancy has been trending up from a trough in mid-2022, JMP points out. The firm keeps a Market Perform rating on shares of Industrial Logistics.
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