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Industrial Logistics Properties Trust (ILPT)
NASDAQ:ILPT
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.35Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: 9.92%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, successful leasing activity, and strategic focus on improving operations and reducing leverage. However, challenges remain with significant vacancies and potential impacts from global tariffs.Company Guidance
During the first quarter of 2025, Industrial Logistics Properties Trust (ILPT) reported several key metrics showcasing a strong performance. The company's cash basis net operating income (NOI) grew by nearly 2% compared to the previous year, while normalized funds from operations (FFO) increased by 43% year-over-year and 52% sequentially. ILPT executed over 2.3 million square feet of leasing activity, achieving a 94.6% occupancy rate, marking a 20 basis point increase from the previous quarter. The weighted average lease term for new and renewal leases was six years, with GAAP and cash leasing spreads of 18.9% and 9.8%, respectively. The portfolio comprises 411 properties totaling 60 million square feet, with a significant presence in Hawaii, accounting for 226 properties and 16.7 million square feet. The company's top 10 tenants contribute 47% of annualized rental revenues, with 76% of revenues coming from investment-grade rated tenants or secure Hawaii land leases. Financially, ILPT reported a normalized FFO of $13.5 million or $0.20 per share, exceeding guidance by $0.02, with NOI at $87.5 million and adjusted EBITDAre at $85.3 million. Interest expense decreased to $69.8 million, contributing to a net debt coverage ratio improvement to 11.9x. Looking ahead, ILPT aims to maintain strong tenant retention, maximize growth opportunities, and explore options to improve the balance sheet and reduce leverage.Strong Financial Performance
Normalized FFO increased by 43% year-over-year and 52% on a sequential quarter basis. NOI and EBITDAre both saw year-over-year and sequential increases.
Leasing Activity and Occupancy
Executed over 2.3 million square feet of total leasing activity with an occupancy rate of 94.6%, a sequential increase of 20 basis points. GAAP and cash leasing spreads were 18.9% and 9.8% respectively.
Mainland Leasing Success
The Mainland accounted for 79% of leasing activity, including a 250,000 square foot lease in Indiana with a 45% rent increase and no downtime.
Hawaii Portfolio Performance
Renewed 492,000 square feet of leases in Hawaii with an 18.2% increase in rental rates and a weighted average lease term of 4.9 years.
Interest Expense Reduction
Interest expense decreased by $3.4 million year-over-year due to lower interest rate cap costs.
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ILPT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ILPT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 29, 2025 | $2.62 | $2.62 | 0.00% |
| Feb 18, 2025 | $3.95 | $3.86 | -2.28% |
| Oct 29, 2024 | $3.90 | $3.63 | -6.92% |
| Jul 30, 2024 | $5.10 | $5.09 | -0.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Industrial Logistics Properties Trust (ILPT) report earnings?
Industrial Logistics Properties Trust (ILPT) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is Industrial Logistics Properties Trust (ILPT) earnings time?
Industrial Logistics Properties Trust (ILPT) earnings time is at Jul 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ILPT EPS forecast?
Currently, no data Available
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