Education
About Us
Working with TipRanks
Follow Us
Industrial Logistics Properties Trust (ILPT)
:ILPT
Top Page
Industrial Logistics Properties
(NASDAQ:ILPT)
Select Model
Select Model
Rating:49Neutral
Price Target:
$5.50
▼(-4.68% Downside)
ILPT's overall stock score is primarily influenced by its challenging financial performance and bearish technical indicators. Despite strong earnings call highlights, such as improved FFO and successful refinancing, high leverage and profitability concerns weigh heavily on the score.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong demand for logistics space, driven by e-commerce trends, supporting long-term business stability.
Successful Debt Refinancing
Refinancing reduces interest expenses, improving cash flow and financial stability, which supports long-term strategic initiatives.
High Occupancy Rates
High occupancy rates reflect strong demand for ILPT's properties, ensuring stable rental income and reinforcing its market position.
Negative Factors
High Debt Levels
High leverage poses financial risks, limiting flexibility and increasing vulnerability to interest rate changes, impacting long-term stability.
Potential Refinancing Challenges
Uncertainties in future capital markets could complicate refinancing efforts, affecting financial planning and growth strategies.
Leasing Challenges in Hawaii
Leasing difficulties in Hawaii can lead to prolonged vacancies, affecting revenue and highlighting geographic concentration risks.
Industrial Logistics Properties (ILPT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$384.75M
Dividend Yield2.07%
Average Volume (3M)317.45K
Price to Earnings (P/E)―
Beta (1Y)0.99
Revenue Growth0.36%
EPS Growth11.92%
CountryUS
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)-0.33
Shares Outstanding66,336,000
10 Day Avg. Volume237,299
30 Day Avg. Volume317,451
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)0.43
Price to Sales (P/S)0.54
P/FCF Ratio122.16
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Industrial Logistics Properties Business Overview & Revenue Model
Company DescriptionIndustrial Logistics Properties Trust (ILPT) is a real estate investment trust (REIT) focused on owning and managing industrial and logistics properties primarily in key markets across the United States. The company specializes in providing high-quality warehouse and distribution facilities that cater to the growing e-commerce and logistics industries. ILPT's portfolio includes properties strategically located near major transportation hubs, enabling efficient supply chain operations for its tenants.
How the Company Makes MoneyILPT generates revenue primarily through rental income from its portfolio of industrial properties. The company leases its facilities to a diverse mix of tenants, including logistics providers, e-commerce retailers, and manufacturers, which provides a stable and recurring revenue stream. Additionally, ILPT may benefit from property appreciation and increased rental rates over time as demand for logistics space continues to rise. The company could also engage in partnerships or joint ventures with other real estate firms or logistics companies to expand its portfolio and enhance its market presence, further contributing to its earnings. The overall demand for logistics and warehouse space, driven by trends in e-commerce and supply chain management, plays a significant role in influencing ILPT's revenue generation capabilities.
Industrial Logistics Properties Earnings Call Summary
Earnings Call Date:Oct 28, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Feb 17, 2026
Earnings Call Sentiment Positive
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.Q2-2025 Updates
Positive Updates
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.
Negative Updates
High Debt Levels
Net debt to total assets ratio increased slightly to 69.9%, indicating a high leverage position.
Potential Challenges with Future Refinancing
Ongoing evaluation of refinancing options for the $1.4 billion joint venture debt due in 2026, with uncertainties surrounding future capital market conditions.
Hawaii Portfolio Leasing Challenges
Some challenges in leasing out vacant assets in Hawaii, particularly due to the complexity and the amount of work required.
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.Industrial Logistics Properties Financial Statement Overview
Summary
The financial performance of ILPT is challenging, with positive revenue growth but persistent profitability issues, as indicated by negative net profit margins. High leverage and negative return on equity present financial risks, although cash flow improvements are a positive sign.Income Statement
The income statement shows a mixed performance. While there is a positive revenue growth trend, the company is struggling with profitability, as indicated by negative net profit margins over recent periods. The gross profit margin remains strong, suggesting efficient cost management, but the consistent negative net income is a concern.45
Neutral
Balance Sheet
The balance sheet reveals high leverage with a debt-to-equity ratio significantly above industry norms, indicating potential financial risk. The return on equity is negative, reflecting ongoing losses. The equity ratio is low, suggesting limited financial flexibility.30
Negative
Cash Flow
Cash flow analysis shows improvement in free cash flow growth, indicating better cash management. However, the operating cash flow to net income ratio is low, suggesting that cash generation from operations is not keeping pace with net income losses. The free cash flow to net income ratio is stable, indicating that free cash flow is covering net income losses.50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 443.47M | 442.32M | 437.34M | 388.15M | 219.87M | 254.57M |
| Gross Profit | 382.10M | 379.76M | 377.00M | 337.53M | 189.74M | 219.39M |
| EBITDA | 313.20M | 310.76M | 307.93M | 273.80M | 153.21M | 176.74M |
| Net Income | -91.93M | -95.67M | -107.99M | -226.72M | 119.68M | 82.07M |
Balance Sheet | ||||||
| Total Assets | 5.24B | 5.41B | 5.56B | 5.68B | 1.91B | 1.92B |
| Cash, Cash Equivalents and Short-Term Investments | 159.06M | 242.48M | 112.34M | 48.26M | 29.40M | 22.83M |
| Total Debt | 4.21B | 4.32B | 4.32B | 4.27B | 840.56M | 881.21M |
| Total Liabilities | 4.29B | 4.40B | 4.40B | 4.35B | 870.52M | 912.55M |
| Stockholders Equity | 519.11M | 562.02M | 669.95M | 790.72M | 1.04B | 1.00B |
Cash Flow | ||||||
| Free Cash Flow | 12.90M | 1.96M | 6.06M | 65.52M | 105.74M | 108.71M |
| Operating Cash Flow | 12.90M | 1.96M | 6.06M | 83.25M | 110.65M | 114.56M |
| Investing Cash Flow | 6.00M | 16.42M | 67.74M | -3.45B | 22.88M | -4.52M |
| Financing Cash Flow | -118.41M | -21.63M | 31.14M | 3.47B | -126.96M | -121.76M |
Industrial Logistics Properties Technical Analysis
Positive
5.77
Price Trends
5.85
Negative
5.41
Positive
4.38
Positive
Market Momentum
0.02
Negative
53.46
Neutral
73.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ILPT, the sentiment is Positive. The current price of 5.77 is above the 20-day moving average (MA) of 5.56, below the 50-day MA of 5.85, and above the 200-day MA of 4.38, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 53.46 is Neutral, neither overbought nor oversold. The STOCH value of 73.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ILPT.
Industrial Logistics Properties Risk Analysis
Industrial Logistics Properties disclosed 46 risk factors in its most recent earnings report. Industrial Logistics Properties reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Industrial Logistics Properties Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $987.82M | 7.61 | 25.64% | 4.38% | -3.63% | 436.37% | |
| ― | $9.89B | 29.95 | 4.03% | 4.02% | 10.27% | 15.25% | |
| ― | $2.82B | 34.41 | 4.15% | 5.67% | 6.64% | 210.89% | |
| ― | $7.12B | 30.17 | 6.89% | 3.90% | 8.56% | 22.20% | |
| ― | $7.66B | 31.41 | 8.97% | 3.04% | 9.66% | -23.17% | |
| ― | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
| ― | $384.75M | -4.15 | -16.16% | 2.07% | 0.36% | 11.92% |
* Real Estate Sector Average
ILPT
Industrial Logistics Properties
5.80
2.24
62.92%
STAG
Stag Industrial
38.12
1.88
5.19%
FR
First Industrial Realty
56.15
4.51
8.73%
LXP
LXP Industrial Trust
9.52
0.62
6.97%
REXR
Rexford Industrial Realty
42.49
0.36
0.85%
PLYM
Plymouth Industrial Reit
21.93
2.44
12.52%
Industrial Logistics Properties Corporate Events
Business Operations and StrategyFinancial Disclosures
Industrial Logistics Properties Unveils Strategic Priorities
Neutral
Sep 3, 2025
On September 3, 2025, Industrial Logistics Properties Trust released an investor presentation detailing its strategic priorities and financial outlook. The presentation highlighted ILPT’s focus on maintaining high occupancy rates, reducing leverage, and capitalizing on leasing opportunities. The company is navigating various market challenges, including interest rate fluctuations and supply chain disruptions, while aiming to sustain its position in the industrial and logistics sector.
The most recent analyst rating on (ILPT) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Industrial Logistics Properties stock, see the ILPT Stock Forecast page.
Industrial Logistics Properties Trust Reports Q2 2025 Results
Jul 31, 2025
Industrial Logistics Properties Trust (ILPT) is a real estate investment trust specializing in owning and leasing high-quality industrial and logistics properties across the United States, with a significant portion of its revenue derived from investment-grade tenants and Hawaii land leases.
ILPT Earnings Call: Strong Growth Amid Debt Concerns
Jul 31, 2025
Industrial Logistics Properties Trust (ILPT) recently held its earnings call, revealing a generally positive sentiment with strong financial performance and strategic initiatives. The company showcased successful refinancing efforts and increased dividends, although concerns about high debt levels and limited property sales were noted. Overall, the call reflected optimism about the company’s progress and future prospects.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.