INDUSTRIAL LOGISTICS PROPERTIES TR (ILPT)
Real Estate · NASDAQ
A REIT owning 409 industrial and logistics properties across 39 US states, with strategic focus on stable triple-net leases and rent-reset mechanisms in Hawaii.
What INDUSTRIAL LOGISTICS PROPERTIES TR does
Industrial Logistics Properties Trust (ILPT) is a Maryland-organized REIT that owns and leases industrial and logistics properties across the United States. As of December 31, 2025, the company's portfolio comprised 409 properties containing approximately 59.6 million rentable square feet located in 39 states with 94.5% occupancy. The portfolio is split between Mainland Properties (72.2% of annualized rental revenues) and Hawaii Properties (27.8% of annualized rental revenues), with a 22% equity interest in an unconsolidated joint venture.
Themes: ["Industrial real estate / logistics properties","Net-leased properties (NNN)","Real estate investment trust (REIT)","Hawaii real estate / island properties","Rent growth / lease escalations","Property occupancy / portfolio management"]
Fundamentals
- Price$8.94 as of 2026-07-09 close
- Market cap$602M as of 2026-07-10
- 1-year return+90.2% as of 2026-07-09 close
- Net margin-11.9% as of 2026-07-10
- Gross margin+86.0% as of 2026-07-10
- ROE-10.9% as of 2026-07-10
- Debt / equity8.73 as of 2026-07-10
- Revenue growth (YoY)+2.6% as of 2026-07-10
- Beta2.49 as of 2026-07-10
Dividend: yield +2.3%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Unprofitable operations with negative 11.93% net margin and net loss of $17.9 million in Q1 2026, driven by high interest expense ($61.7 million quarterly) relative to rental income ($116.4 million quarterly)","High leverage with $4.19 billion in mortgage debt against $4.5 billion net real estate properties, creating exposure to rising interest rates and refinancing risk","Concentration risk in Hawaii Properties (27.8% of revenues) subject to market-specific risks, including limited land availability and changing neighborhood characteristics requiring selective redevelopment"]
Competitors & peers
- STAG Industrial (STAG)
- Easterly Government Properties (DEA)
- Lexington Realty Trust (LXP)
- Four Corners Property Trust (FCPT)
- Monmouth Real Estate Investment Corporation (MNR)
- Essential Properties Realty Trust (EPRT)
- Industrial Net-Lease REIT
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.