Industrial Logistics Properties Trust
Owns and leases industrial and logistics properties across the United States.
Something off on this page? Send us feedback.
Profile
Earns rental income by owning and leasing industrial and logistics properties across the United States. The Maryland REIT is externally managed by The RMR Group and has no employees of its own.
Rental income comes from owning and leasing industrial and logistics properties throughout the United States. The portfolio expanded materially through the Monmouth acquisition, and the trust also uses joint ventures alongside direct property ownership. It is a real-estate owner and lessor, not a logistics operator.
Organized as a Maryland REIT, the trust is externally managed by The RMR Group rather than internally staffed. It has no employees of its own; RMR, its managing trustees and officers provide the services employees would otherwise provide. The Monmouth transaction and later refinancings have shaped the capital structure.
Company facts
Key statistics
Year to date +50.8% · Average volume (30d) 350.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Jul 22, 2026 | Industrial Alliance Securities | Target | $11.50 | |
| Jul 22, 2026 | Loop Capital Markets | Target | $7.40 | $11.50 |
| Mar 3, 2026 | Loop Capital Markets | Target | $7.40 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | −$0.19 | −$0.22 | −15.8% | $116.1M | $114.1M | −1.7% | −2.98% |
| Apr 29, 2026Q1 FY26 | $0.31 | −$0.14 | −145.2% | $114.8M | $116.4M | +1.4% | −1.07% |
| Feb 18, 2026Q4 FY25 | $0.28 | −$0.03 | −110.7% | $111.7M | $113.9M | +2.0% | +3.96% |
| Oct 28, 2025Q3 FY25 | $0.26 | −$0.33 | −226.9% | $111.7M | $110.9M | −0.7% | −9.31% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $111.9M | $112.1M | $110.9M | $113.9M | $116.4M | $114.1M | |
| Gross profit | $97.8M | $96.4M | $95.7M | −$233.2M | $90.3M | $97.2M | |
| Operating income | $37.7M | $36.5M | $87.0M | −$13.2M | $40.0M | $35.8M | |
| Net income | −$21.5M | −$21.3M | −$21.6M | −$1.8M | −$9.4M | −$14.5M | |
| Diluted EPS | −$0.33 | −$0.32 | −$0.33 | −$0.03 | −$0.14 | −$0.22 | |
| Gross margin | 87.4% | 86.0% | 86.3% | -204.7% | 77.6% | 85.2% | |
| Operating margin | 33.7% | 32.5% | 78.4% | -11.6% | 34.4% | 31.4% |
Fiscal years (4-quarter sums)FY21 $219.9M · FY22 $388.2M · FY23 $437.3M · FY24 $442.3M · FY25 $448.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $181.8M · Total debt $4.19B · Total assets $5.12B · Shareholders' equity $461.7M
Dividends
Raised for 2 straight years — most recently to $0.10 from $0.05 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 20, 2026 | Jul 20 | Aug 13 | $0.10 | raised from $0.05 |
| Apr 21, 2026 | Apr 21 | May 14 | $0.05 | |
| Jan 26, 2026 | Jan 26 | Feb 19 | $0.05 | |
| Oct 27, 2025 | Oct 27 | Nov 13 | $0.05 | |
| Jul 21, 2025 | Jul 21 | Aug 14 | $0.05 | raised from $0.01 |
| Apr 22, 2025 | Apr 22 | May 15 | $0.01 | |
| Jan 27, 2025 | Jan 27 | Feb 20 | $0.01 | |
| Oct 28, 2024 | Oct 28 | Nov 14 | $0.01 |
Ownership
Shares outstanding 66.75M · Float 56.18M · 84.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.47M | 8.19% | 13F | May 13, 2026 |
| Vanguard Capital Management LLC | 2.56M | 3.83% | 13F | May 15, 2026 |
| Castleknight Management LP | 1.89M | 2.83% | 13F | May 15, 2026 |
| Nantahala Capital Management, LLC | 1.68M | 2.52% | 13F | May 15, 2026 |
| Flat Footed LLC | 1.44M | 2.15% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 22, 2026 | Kevin C. Phelan | director | +2,000 | $8.87 |
Peers
- Prologis
Leases global logistics facilities to distribution and fulfillment users
- STAG Industrial
Single-tenant industrial owner across the United States
- First Industrial Realty Trust
Owns, operates and develops U.S. logistics properties
- EastGroup Properties
Industrial landlord and developer in high-growth U.S. markets
- LXP Industrial Trust
Industrial REIT in key U.S. logistics markets
- Rexford Industrial
Pure-play owner of infill Southern California industrial properties
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Industrial Logistics Properties Trust | $8.34 | 0.00% | $556.7M | — | — | 1.2 | +1.8% |
| Prologis | $140.35 | −0.29% | $131.32B | 31.3 | 40.4 | 14.3 | −0.3% |
| STAG Industrial | $37.18 | +0.01% | $7.17B | 28.6 | 74.1 | 8.1 | +7.7% |
| First Industrial Realty Trust | $61.94 | 0.00% | $8.21B | 22.6 | 35.3 | 10.8 | +8.2% |
| EastGroup Properties | $200.00 | −0.01% | $10.75B | 35.1 | 36.2 | 14.3 | +9.1% |
| LXP Industrial Trust | $60.69 | 0.00% | $3.58B | 60.7 | 538.0 | 10.3 | −0.7% |
| Rexford Industrial | $37.00 | −0.39% | $8.49B | — | 33.1 | 8.6 | −2.6% |
| Median | 31.3 | 38.3 | 10.6 | +3.7% |