The earnings call reflected a strong financial quarter with significant improvements in normalized FFO, successful debt refinancing, and increased dividends. However, there are concerns regarding high debt levels and potential refinancing challenges in the future. Overall, the company's achievements this quarter indicate positive progress, although some challenges remain.

Company Guidance

In the second quarter of 2025, Industrial Logistics Properties Trust (ILPT) reported a notable increase in key financial metrics, reflecting strong operational performance and strategic financial management. Cash basis net operating income (NOI) rose by 2.1% year-over-year, while normalized funds from operations (FFO) surged by 54% compared to the same period last year. The company successfully refinanced $1.235 billion of floating rate debt into $1.16 billion of fixed rate debt, reducing the interest rate from 6.7% to 6.4%, which is expected to save approximately $8.5 million annually. ILPT's portfolio, consisting of 411 properties across 39 states and totaling 60 million square feet, achieved a 94.3% occupancy rate, exceeding the national industrial average by 170 basis points. The company also announced a fivefold increase in its quarterly dividend from $0.01 to $0.05 per share. With a leasing pipeline of 7.8 million square feet and a focus on strategic refinancing and potential asset sales, ILPT aims to strengthen its balance sheet and support long-term growth.

Normalized FFO Growth

Normalized FFO increased by 54% year-over-year, reaching $13.8 million or $0.21 per share, which was at the high end of guidance.

Successful Debt Refinancing

Refinanced $1.235 billion of floating rate debt into $1.16 billion of fixed rate debt, reducing the interest rate from 6.7% to 6.4% and achieving annual cash savings of approximately $8.5 million.

Increased Dividend

Quarterly dividend increased from $0.01 per share to $0.05, indicating improved financial health and confidence in future cash flows.

Leasing Activity and Tenant Retention

Executed 171,000 square feet of leasing at a weighted average rental rate increase of 21.1% and maintained a high tenant retention rate of 86%.

High Occupancy Rates

Ended the quarter with occupancy of 94.3%, exceeding the national industrial average by 170 basis points.

Industrial Logistics Properties (ILPT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ILPT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	-0.26 / -	-0.38	―	―	―
Jul 29, 2025	2025 (Q2)	-0.31 / -0.32	-0.35	8.57% (+0.03)
Apr 29, 2025	2025 (Q1)	- / -0.33	-0.36	8.33% (+0.03)
Feb 18, 2025	2024 (Q4)	- / -0.37	-0.48	22.92% (+0.11)
Oct 29, 2024	2024 (Q3)	- / -0.38	-0.4	5.00% (+0.02)
Jul 30, 2024	2024 (Q2)	- / -0.35	-0.4	12.50% (+0.05)
Apr 30, 2024	2024 (Q1)	- / -0.36	-0.38	5.26% (+0.02)
Feb 20, 2024	2023 (Q4)	- / -0.48	-0.48	0.00% (0.00)
Oct 25, 2023	2023 (Q3)	- / -0.40	-0.7	42.86% (+0.30)
Jul 25, 2023	2023 (Q2)	- / -0.40	-2.2	81.82% (+1.80)

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

ILPT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$5.52	$5.39	-2.36%
Apr 29, 2025	$2.59	$2.59	0.00%
Feb 18, 2025	$3.92	$3.82	-2.55%
Oct 29, 2024	$3.87	$3.59	-7.24%

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.

FAQ

When does Industrial Logistics Properties Trust (ILPT) report earnings?

Industrial Logistics Properties Trust (ILPT) is schdueled to report earning on Oct 22, 2025, Before Open (Confirmed).

What is Industrial Logistics Properties Trust (ILPT) earnings time?

Industrial Logistics Properties Trust (ILPT) earnings time is at Oct 22, 2025, Before Open (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?

ILPT EPS forecast for the fiscal quarter 2025 (Q3) is -0.26.

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