Industrial Logistics Properties Trust (ILPT)
Industrial Logistics Properties Trust (ILPT) operates as a Real Estate Investment Trust (REIT) specializing in the ownership and leasing of industrial and logistics facilities nationwide. Its management is handled by an operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management firm headquartered in Newton, MA.
Sector: Real Estate Investment Trusts
Industry: REIT - Industrial
Industrial Logistics Properties Trust
NASDAQ:ILPTReal Estate · REIT - Industrial
-1.61%$7.05
AH Close$7.05+0.00%vs close
AH Close$7.05+0.00%vs close
Mkt Cap$470.56M
Float65.07M
O/S66.75M
Inst Own51.7%
SI1.7%
Div Yield4.96%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$448.85M
Net Income-$66.19M
Total Assets$5.19B
Free Cash Flow$42.03M
Debt & Equity
Debt 90%
Equity 10%
Total Debt$4.22B
Total Equity$489.7M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ILPT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$5.19B
Liabilities$4.29B
Accounts Receivable$136.67M
Accounts Payable$74.57M
Inventory$0
PP&E (Net)$4.54B
Goodwill$0
Intangible Assets$164.19M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $448.85M | $442.32M | $437.34M | $388.15M | $219.87M | $254.57M | $229.23M | $162.53M | $156.51M | $153.31M | $147.89M |
| YoY Growth | 1.5% | 1.1% | 12.7% | 76.5% | -13.6% | 11.1% | 41.0% | 3.8% | 2.1% | 3.7% | - |
| Cost of Revenue | $392.13M | $62.56M | $60.05M | $50.62M | $30.13M | $54.77M | $30.37M | $19.34M | $17.87M | $17.2M | $16.32M |
| Gross Profit | $56.72M | $379.76M | $377.29M | $337.53M | $189.74M | $199.81M | $198.87M | $143.19M | $138.64M | $136.11M | $131.57M |
| Gross Margin | 12.6% | 85.9% | 86.3% | 87.0% | 86.3% | 78.5% | 86.8% | 88.1% | 88.6% | 88.8% | 89.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $36.96M | $30.45M | $31.16M | $32.88M | $16.72M | $200K | $17.19M | $11.31M | $16.8M | $9.2M | $8.74M |
| Other | -$128.17M | $210.53M | $216.92M | $191.84M | $69.28M | $0 | $79.57M | $41.58M | $38.23M | $37.67M | $33.76M |
| Total Operating Expenses | -$91.21M | $240.99M | $248.08M | $224.71M | $86M | $200K | $96.76M | $52.89M | $55.03M | $46.87M | $42.51M |
| Operating Income (EBIT) | $147.93M | $138.77M | $129.2M | $112.81M | $103.74M | $199.61M | $102.11M | $90.3M | $82.59M | $89.2M | $73.78M |
| Operating Margin | 33.0% | 31.4% | 29.5% | 29.1% | 47.2% | 78.4% | 44.5% | 55.6% | 52.8% | 58.2% | 49.9% |
| Interest Expense | $264.56M | $292.54M | $288.54M | $280.05M | $35.63M | $51.62M | $50.85M | $16.08M | $2.44M | $2.26M | $2.09M |
| Interest Income | $6.72M | $11.43M | $7.91M | $2.66M | $0 | $113K | $743K | $200K | $0 | $0 | $0 |
| Other Income (Expense) | -$250.39M | -$275.78M | -$278.82M | -$399.61M | $16.21M | -$118.13M | -$49.44M | -$15.88M | -$2.44M | -$2.26M | -$2.09M |
| Income Before Tax (EBT) | -$102.46M | -$137.01M | -$149.62M | -$286.8M | $119.95M | $81.48M | $52.67M | $74.42M | $80.15M | $86.94M | $71.68M |
| Income Tax Expense | $104K | $162K | $104K | $45K | $273K | $277K | $171K | $32K | $44K | $44K | $44K |
| Net Income | -$66.19M | -$95.67M | -$107.99M | -$226.72M | $119.68M | $82.07M | $52.5M | $74.39M | $80.1M | $86.9M | $71.64M |
| Net Income Margin | -14.7% | -21.6% | -24.7% | -58.4% | 54.4% | 32.2% | 22.9% | 45.8% | 51.2% | 56.7% | 48.4% |
| Supplementary Data | |||||||||||
| EPS | -1.00 | -1.46 | -1.65 | -3.48 | 1.83 | 1.26 | 0.81 | 1.16 | 1.23 | 1.28 | 1.05 |
| Diluted EPS | -1.00 | -1.46 | -1.65 | -3.48 | 1.83 | 1.26 | 0.81 | 1.16 | 1.23 | 1.28 | 1.05 |
| Weighted Average OS | 66.01M | 65.70M | 65.43M | 65.25M | 65.17M | 65.10M | 65.05M | 64.14M | 65.00M | 68.00M | 68.00M |
| EBITDA | $327.93M | $322.19M | $316.75M | $147.16M | $165.26M | $176.74M | $162.49M | $117.87M | $108.76M | $115.19M | $97.86M |
| EBITDA Margin | 73.1% | 72.8% | 72.4% | 37.9% | 75.2% | 69.4% | 70.9% | 72.5% | 69.5% | 75.1% | 66.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $183.03M | $131.71M | $112.34M | $48.26M | $29.4M | $22.83M | $28.41M | $9.61M | -$20.38M | -$22.47M | -$24.58M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $183.03M | $131.71M | $112.34M | $48.26M | $29.4M | $22.83M | $28.41M | $9.61M | -$20.38M | -$22.47M | -$24.58M |
| Accounts Receivable | $136.67M | $129.16M | $119.17M | $107.01M | $75.88M | $69.51M | $64.29M | $58.33M | $51.67M | $47.05M | $41.41M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.39B | -$1.4B | $65.99M |
| Other Current Assets | $0 | $110.77M | $133.38M | $92.52M | -$105.27M | $2.67M | $6.13M | $0 | $0 | $0 | $0 |
| Total Current Assets | $319.7M | $371.64M | $364.89M | $247.79M | $105.27M | $95.01M | $98.84M | $67.94M | $51.67M | $47.05M | $41.41M |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $4.54B | $199.19M | $4.78B | $297.44M | $63.44M | $1.67B | $2.2B | $75.8M | $79.1M | $89.63M | $100.15M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $164.19M | $0 | $12.86M | $0 | $0 | $8.92M | $10.42M | $75.8M | $79.1M | $89.63M | $100.15M |
| Long-Term Investments | $132.75M | $116.73M | $115.36M | $124.36M | $143.02M | $60.59M | $0 | $8.63M | -$1.41B | -$1.42B | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.53B | $1.41B | $1.42B | $0 |
| Other Long-Term Assets | $37.93M | $4.72B | $293.82M | $5.01B | $1.6B | $83.56M | $141.15M | -$228.18M | $1.2B | $1.2B | $1.2B |
| Total Long-Term Assets | $4.87B | $5.03B | $5.2B | $5.43B | $1.8B | $1.82B | $2.36B | $1.47B | $1.36B | $1.38B | $1.4B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $5.19B | $5.41B | $5.56B | $5.68B | $1.91B | $1.92B | $2.45B | $1.53B | $1.41B | $1.42B | $1.44B |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $74.57M | $76.75M | $60.95M | $73.55M | $27.77M | $7.78M | $9.54M | $12.04M | $11.08M | $3.07M | $2.72M |
| Short-Term Debt | $1.42B | $0 | $20.99M | $0 | $182M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | -$20.99M | $0 | $8.39M | $0 | $0 | $6M | $5.79M | $6.54M | $4.42M |
| Other Current Liabilities | -$91.15M | $0 | $9.7M | $0 | -$8.39M | $0 | $0 | $406.06M | -$19.91M | $623K | $0 |
| Total Current Liabilities | $1.42B | $81.53M | $77.42M | $78.37M | $211.96M | $14.72M | $16.48M | $432.7M | $773.99M | $16.77M | $14.29M |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $2.79B | $4.3B | $4.28B | $4.24B | $646.12M | $866.58M | $1.41B | $462.19M | $49.43M | $64.27M | $89.16M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6M | $5.79M | $6.54M | $4.42M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6M | -$5.79M | -$6.54M | -$4.42M |
| Other Long-Term Liabilities | $65.05M | $0 | $20.99M | $0 | $0 | $31.26M | $36.13M | $7.78M | $762.79M | $28.11M | $10.01M |
| Total Long-Term Liabilities | $2.87B | $4.32B | $4.32B | $4.27B | $658.56M | $897.84M | $1.44B | $73.64M | $75.48M | $92.38M | $94.76M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.29B | $4.4B | $4.4B | $4.35B | $870.52M | $912.55M | $1.46B | $506.34M | $849.48M | $109.15M | $109.05M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29.18M | $15.27M | $0 | $0 |
| Common Stock | $667K | $661K | $658K | $656K | $654K | $653K | $652K | $651K | $450K | $1.31B | $1.33B |
| Retained Earnings | -$152.66M | -$86.47M | $9.2M | $117.19M | $343.91M | $0 | $0 | $89.66M | $15.27M | $0 | $0 |
| Comprehensive Income & Other | -$836K | -$1.06M | $10.17M | $21.9M | $0 | -$8.28M | -$4.26M | -$52.65M | -$44.65M | -$34.43M | -$23.9M |
| Other Stockholders' Equity | $641.69M | $647.83M | $660.1M | $672.88M | $693.48M | $1B | $995.04M | $937.97M | $546.49M | $0 | $0 |
| Total Equity | $489.7M | $562.02M | $669.95M | $790.72M | $1.04B | $1B | $995.69M | $1.03B | $562.21M | $1.31B | $1.33B |
| Minority Interest | $411M | $447.31M | $491.82M | $540.05M | $0 | $0 | $0 | $470.9M | $819.81M | $86.74M | $0 |
| Total Liabilities and Equity | $4.78B | $4.96B | $5.07B | $5.14B | $1.91B | $1.92B | $2.45B | $1.53B | $1.41B | $1.42B | $1.44B |
| Supplementary Data | |||||||||||
| Total Debt | $4.22B | $4.32B | $4.32B | $4.27B | $840.56M | $866.58M | $1.41B | $480.51M | $819.81M | $86.74M | $89.16M |
| Net Debt | $4.04B | $4.18B | $4.21B | $4.22B | $811.16M | $843.75M | $1.38B | $470.9M | $840.2M | $109.21M | $113.74M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | -$66.23M | -$95.68M | -$108M | -$226.85M | $119.38M | $80.34M | $52.5M | $74.39M | $80.1M | $86.9M | $71.64M |
| Depreciation & Amortization | $165.23M | $171.99M | $178.73M | $160.98M | $50.6M | $68.39M | $59.64M | $27.37M | $26.17M | $25.98M | $24.09M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | $1.96M | $429K | $1.44M | -$19.6M | $2.72M | -$6.78M | -$1.61M | -$3.12M | $436K | $301K | -$757K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $2.54M | -$932K | $1.92M | $3.03M | $2.52M | $2.61M | $3.1M | $1.62M | $245K | $295K | $560K |
| Other Working Capital | $6.24M | -$11.49M | -$9.81M | $14.57M | -$11.08M | -$3.35M | $2.78M | -$2.95M | $1.28M | $1.31M | -$1.7M |
| Total Working Capital Change | $10.74M | -$12M | -$6.45M | -$1.99M | -$5.84M | -$7.52M | $4.27M | -$4.45M | $1.96M | $1.91M | -$1.89M |
| Other Non-Cash Items | -$49.06M | -$62.35M | -$52.28M | $171.57M | -$53.48M | -$26.36M | $8.23M | -$550K | -$4.78M | -$5.13M | -$5.87M |
| Net Cash from Operating | $60.67M | $1.96M | $12M | $103.71M | $110.65M | $114.85M | $124.63M | $96.76M | $103.45M | $109.66M | $87.96M |
| Investing Activities | |||||||||||
| Capital Expenditures | -$18.64M | -$5.7M | -$19.41M | -$17.73M | -$4.91M | -$5.86M | -$17.16M | -$5M | -$6.03M | -$1.36M | -$1.46M |
| Acquisitions | $0 | $0 | $0 | $589.41M | $0 | $107.94M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$3.59B | -$134.73M | -$115.81M | -$884.57M | -$130.52M | -$281K | $0 | -$1.46M |
| Sales of Investments | $3.72M | $0 | $24.3M | $140.79M | $162.52M | $116.86M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $18.88M | $22.12M | $56.91M | $0 | $0 | -$5.86M | -$17.16M | -$5M | $0 | $0 | $0 |
| Net Cash from Investing | $3.96M | $16.42M | $61.8M | -$2.88B | $22.88M | $97.28M | -$918.88M | -$140.53M | -$6.31M | -$1.36M | -$2.91M |
| Financing Activities | |||||||||||
| Debt Repaid | $115.6M | $18.12M | -$34.16M | -$3.1B | - | $48.75M | -$991.23M | - | $14.34M | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $444.31M | $0 | $0 | $0 |
| Common Stock Repurchases | -$451K | -$312K | -$163K | -$242K | -$922K | -$382K | -$253K | -$52K | $0 | $0 | $0 |
| Dividends Paid | -$7.97M | -$2.64M | -$2.63M | -$44.48M | -$86.24M | -$86.09M | -$85.94M | -$69.67M | -$153.89M | -$154.09M | -$145.55M |
| Other Financing Activities | -$60K | -$560K | -$225K | $6.38M | $0 | -$5.48M | $0 | $16.16M | $71.08M | $46.21M | $663.03M |
| Net Cash from Financing | -$124.08M | -$21.63M | $31.14M | $2.88B | -$126.96M | -$229.7M | $802.03M | $48.37M | -$97.15M | -$107.9M | $517.49M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $5.86M | $17.16M | $5M | $0 | -$403K | -$602.54M |
| Net Change in Cash | -$59.45M | -$3.24M | $104.94M | $111.38M | $6.56M | -$11.72M | $24.94M | $9.61M | $0 | $0 | $0 |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $60.67M | $1.96M | $12M | $103.71M | $110.65M | $114.85M | $124.63M | $96.76M | $103.45M | $109.66M | $87.96M |
| Capital Expenditure | -$18.64M | -$5.7M | -$19.41M | -$17.73M | -$4.91M | -$5.86M | -$17.16M | -$5M | -$6.03M | -$1.36M | -$1.46M |
| Free Cash Flow | $42.03M | -$3.73M | -$7.42M | $85.98M | $105.74M | $108.99M | $107.48M | $91.76M | $97.43M | $108.3M | $86.51M |
| Cash at Beginning | $242.48M | $245.72M | $140.78M | $29.4M | $22.83M | $34.55M | $9.61M | $0 | $0 | $0 | $0 |
| Cash at End | $183.03M | $242.48M | $245.72M | $140.78M | $29.4M | $22.83M | $34.55M | $9.61M | $0 | $0 | $0 |