ILPT
Industrial Logistics Properties Trust5.54
-0.13-2.29%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Vacancy updates show leasing progress
Q&A clarified progress on key vacancies flagged in prepared remarks: Indianapolis 535k sq ft property advances with lease comments exchanged, potentially leasing next quarter, while Hawaii's 2.2M sq ft parcel drags on with the same tenant amid its complexity. A $50M property sale LOI flipped to a 7-year renewal negotiation. Management dismissed material move-outs, affirmed sustainable same-store NOI growth from prior leasing cash ramps (half in late 2026/2027), and pegged dispositions as opportunistic only. No supply worries; tenants favor renewals over relocations. Q&A reaffirmed leasing momentum. Lease-ups matter for the thesis.
Key Stats
Market Cap
369.29MP/E (TTM)
-Basic EPS (TTM)
-1.35Dividend Yield
0.02%Recent Filings
8-K
ILPT Q4 FFO surges 113%
Industrial Logistics Properties Trust reported Q4 2025 results on February 18, 2026, with Normalized FFO up 113% to $18.9M and same property Cash Basis NOI rising 5.2% year-over-year. Record leasing covered 4M square feet at 25.7% rent increases, boosting occupancy to 94.5% across 59.6M square feet. Interest expense fell 11.7%. Momentum builds.
10-K
FY2025 results
No financial statements, quarterly breakdowns, or performance metrics provided in the 10-K filing. ILPT's fiscal year ended December 31, 2025, with common shares outstanding at 66,653,129 as of February 16, 2026. Aggregate market value of non-affiliate shares hit $294.5 million at $4.55 per share on June 30, 2025. Q4 momentum undisclosed. Liquidity details absent. No guidance issued. Tenant non-renewals threaten leasing stability.
8-K
ILPT owes $5.7M fee
Industrial Logistics Properties Trust disclosed a $5.7 million incentive management fee to The RMR Group LLC, earned for 2025 and payable by January 30, 2026. The fee stems from ILPT's total shareholder return outpacing the MSCI U.S. REIT/Industrial REIT Index over the three years ended December 31, 2025. It will hit 2025 financials. Outperformance paid off.
8-K
Duffy named new CEO
Industrial Logistics Properties Trust appointed Yael Duffy, current President and COO, as Managing Trustee and President and CEO effective January 1, 2026. She succeeds Matthew P. Jordan, who resigned December 31, 2025, with no disagreements cited. Duffy brings deep RMR experience. Leadership transitions smoothly.
8-K
ILPT Q3: Strong leasing, NOI growth
ILPT reported Q3 results with net loss of $21.6M but normalized FFO up to $17.4M and same-property Cash Basis NOI rising 3.0% to $84.2M year-over-year. Leasing velocity stayed strong: 836k sq ft at 22.4% higher rents, 70% renewals. Three properties head to $55M sale. Interest expense fell 14.2%. Distributions hiked to $0.05/share.
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