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ILPT

Industrial Logistics Properties TrustB
Nasdaq / Equity Real Estate Investment Trusts (REITs)
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2026-07-23
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2026-07-09
Investor release

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Earnings documents stored for ILPT.

12 shown
Investor releaseQuarter not tagged2026-07-09

Industrial Logistics Properties Trust Increases Quarterly Distribution on Common Shares to $0.10 Per Share or $0.40 Per Share Per Year

Business Wire

NEWTON, Mass., July 09, 2026--(BUSINESS WIRE)--Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that its Board of Trustees has increased its quarterly cash distribution on its common shares from $0.05 per share to $0.10 per share ($0.40 per share per year). This distribution will be paid on or about August 13, 2026, to ILPT’s shareholders of record as of the close of business on July 20, 2026. Tiffany Sy, Chief Financial Officer and Treasurer of ILPT, made the following statement: "ILPT has made significant strides over the past year, including increasing occupancy to over 98%, continuing to grow rents and refinancing debt to eliminate exposure to variable interest rates. As a result, the Board has approved a meaningful increase to our quarterly dividend, reflecting the durability of our portfolio, the sustainability of our cash flows and our commitment to delivering shareholder value." About Industrial Logistics Properties Trust ILPT is a real estate investment trust, or REIT, focused on owning and leasing high quality industrial and logistics properties. As of March 31, 2026, ILPT’s portfolio consisted of 409 properties containing approximately 59.6 million rentable square feet located in 39 states. Approximately 77% of ILPT’s annualized rental revenues as of March 31, 2026 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of March 31, 2026 and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. For more information, visit www.ilptreit.com. WARNING CONCERNING FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon ILPT’s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond ILPT’s control. These statements include, among others, statements regarding ILPT’s distribution rate, which may imply that ILPT will co...

Investor releaseQuarter not tagged2026-07-01

Industrial Logistics Properties Trust Second Quarter 2026 Conference Call Scheduled for Thursday, July 30th

Business Wire

NEWTON, Mass., July 01, 2026--(BUSINESS WIRE)--Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it will issue a press release containing its second quarter 2026 financial results after the Nasdaq closes on Wednesday, July 29, 2026. On Thursday, July 30, 2026 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Yael Duffy, Chief Financial Officer and Treasurer Tiffany Sy and Vice President Marc Krohn will host a conference call to discuss these results. The conference call telephone number is (877) 418-4826. Participants calling from outside the United States and Canada should dial (412) 902-6758. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through 11:59 p.m. on Thursday, August 6, 2026. To access the replay, dial (855) 669-9658. The replay pass code is 6713740. A live audio webcast of the conference call will also be available in a listen-only mode on the company’s website, which is located at www.ilptreit.com. Participants wanting to access the webcast should visit the company’s website about five minutes before the call. The archived webcast will be available for replay on the company’s website after the call. About Industrial Logistics Properties Trust ILPT is a real estate investment trust focused on owning and leasing high quality industrial and logistics properties. As of March 31, 2026, ILPT’s portfolio consisted of 409 properties containing approximately 59.6 million rentable square feet located in 39 states. Approximately 77% of ILPT’s annualized rental revenues as of March 31, 2026 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of March 31, 2026 and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. For more information, visit www.ilptreit.com. A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.No shareholder, Trustee or officer is personally liable for any act or obligation of...

Investor releaseQuarter not tagged2026-05-09

The RMR Group Q2 Earnings Call Highlights

MarketBeat

Interested in The RMR Group Inc.? Here are five stocks we like better. The RMR Group said fiscal Q2 2026 results came in at or above the high end of guidance, with distributable earnings of $0.44 per share and Adjusted EBITDA of $18.5 million. Management also said the company earned $23.6 million in incentive fees for 2025 and expects more incentive fees this year. RMR highlighted progress at its managed REITs, including stronger operating trends at Diversified Healthcare Trust, a major deleveraging move at Service Properties Trust, and better-than-expected results and refinancing at Industrial Logistics Properties Trust. Office Properties Income Trust also received court approval for its reorganization plan and is expected to emerge from bankruptcy by the end of the quarter. The company said its private capital platform has grown to nearly $12 billion in assets under management, even as fundraising remains challenged by geopolitical uncertainty. RMR also entered the Greenwich multifamily market with a roughly $350 million acquisition, and management guided for Q3 distributable earnings of $0.48 to $0.50 per share. The RMR Group (NASDAQ:RMR) reported fiscal second-quarter 2026 results at or above the high end of its outlook, as management highlighted incentive fees from managed REITs, ongoing private capital fundraising efforts and recent balance sheet investments. President and CEO Adam Portnoy said RMR generated distributable earnings of $0.44 per share and Adjusted EBITDA of $18.5 million for the quarter. He said the results came “despite operating in what remains an unsettled economic environment,” citing market volatility and geopolitical uncertainty. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% RMR earned $23.6 million of incentive fees for 2025, and Portnoy said the company is on track to earn incentive fees again this year, with both Diversified Healthcare Trust and Industrial Logistics Properties Trust accruing incentive fees during the quarter. Portnoy reviewed several developments across RMR’s managed REITs, saying the company has been active in executing clients’ strategic initiatives. → Light Speed Returns: Corning Cashes In on NVIDIA Growth At Diversified Healthcare Trust, or DHC, Portnoy said the company has focused on improving senior housing operating performance after transitioning 116 senior living communities to new...

Investor releaseQuarter not tagged2026-05-01

Industrial Logistics Properties Trust Q1 Earnings Call Highlights

MarketBeat

ILPT’s consolidated JV priced a $1.6 billion fixed‑rate, interest‑only loan at 5.71% (expected close ~May 8), converting all consolidated debt to fixed rate with a weighted average of 5.48%, no maturities until 2029 and an expected ~$20 million uplift to annual cash flow by eliminating amortizing debt and interest caps. Operationally ILPT reported its sixth consecutive quarter of double‑digit rent growth, leasing 862,000 sq ft at a 26.3% weighted average rent roll‑up and 94.6% consolidated occupancy, and expects to fully lease a key 535,000‑sq‑ft Indianapolis vacancy in June with cash benefits starting in H2. Q1 Normalized FFO was $22 million ($0.33/share), beating guidance by $0.02 per share partly due to $1.1 million of one‑time items, and full‑year 2026 guidance calls for Normalized FFO of $1.27–$1.34/share and Adjusted EBITDAre of $344–$349 million, with interest expense around $245 million. Interested in Industrial Logistics Properties Trust? Here are five stocks we like better. 3 Small Cap Stocks That May Someday be Large Caps Industrial Logistics Properties Trust (NASDAQ:ILPT) used its first-quarter 2026 earnings call to emphasize a major refinancing at its consolidated joint venture and to detail continued leasing gains that management said are supporting cash flow and earnings growth. President and CEO Yael Duffy opened by highlighting a financing milestone announced the prior week: ILPT’s consolidated joint venture “successfully priced $1.6 billion of fixed rate interest only debt” at an interest rate of 5.71%. → Palantir Is Down 30%: Noise? Or a Signal to Accumulate? Duffy said the outcome “was achieved despite geopolitical headwinds and capital markets volatility,” and attributed it to “the strength of our high quality industrial portfolio, the credit worthiness of our tenants, and the depth of the banking relationships our manager, The RMR Group, has built.” Chief Financial Officer and Treasurer Tiffany Sy said ILPT expects to close the loan “on or about May 8th” and intends to use proceeds to refinance the JV’s existing $1.4 billion floating-rate loan and $205 million of fixed-rate amortizing debt. The new borrowing is secured by “the same 90 mainland properties as the existing borrowing,” she said. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss Sy said the refinancing will “unlock nearly $20 million in annual cash flow by eliminati...

Investor releaseQuarter not tagged2026-04-30

ILPT Q1 2026 Earnings Call Transcript

Motley Fool

Image source: The Motley Fool. Thursday, April 30, 2026 at 10 a.m. ET President and Chief Executive Officer — Yael Duffy Chief Financial Officer and Treasurer — Tiffany R. Sy Senior Director of Investor Relations — Kevin Barry Vice President — Marc Krohn Need a quote from a Motley Fool analyst? Email [email protected] Operator: Good morning, and welcome to Industrial Logistics Properties Trust's first quarter 2026 financial results conference call. I would now like to turn the call over to Kevin Barry, Senior Director of Investor Relations. Please go ahead. Kevin Barry: Good morning, and thank you for joining Industrial Logistics Properties Trust's first quarter 2026 earnings call. With me on today's call are President and Chief Executive Officer, Yael Duffy, Chief Financial Officer and Treasurer, Tiffany R. Sy, and Vice President, Marc Krohn. In just a moment, they will provide details about our business and quarterly results, followed by the question and answer session with sell side analysts. Please note that the recording and retransmission of today's conference call is prohibited without the prior written consent of the company. Also note that today's conference call contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws, including guidance with respect to certain second quarter and full year 2026 financial measures. These forward looking statements are based on Industrial Logistics Properties Trust's beliefs and expectations as of today, 04/30/2026, and actual results may differ materially from those that we project. The company undertakes no obligation to revise or publicly release the results of any revision to the forward looking statements made in today's conference call. Additional information concerning factors that could cause those differences is contained in our filings with the Securities and Exchange Commission which can be accessed from our website ilptreit.com. Investors are cautioned not to place undue reliance upon any forward looking statements. In addition, we will be discussing non GAAP financial measures during this call including normalized funds from operations or normalized FFO, adjusted EBITDAre, net operating income or NOI, and cash basis NOI. A reconciliation of these non GAAP measures to net income is available in our financial results package, which c...

Investor releaseQuarter not tagged2026-04-30

Industrial Logistics Properties Trust Q1 2026 Earnings Call Summary

Moby

Successfully priced $1.6 billion in fixed-rate debt at 5.71%, transitioning the consolidated joint venture away from floating-rate and amortizing debt to insulate against interest rate volatility. Achieved a sixth consecutive quarter of double-digit rent growth with a 26.3% weighted average rent roll-up, driven by strong tenant retention and a 70% renewal rate. Normalized FFO grew 63% year-over-year, driven by reduced financing costs, rent growth, and $1.1 million in one-time revenues and fees. Maintained high portfolio stability with 94.6% consolidated occupancy and a robust leasing pipeline of 6 million square feet. Identified a significant mark-to-market opportunity with 11.5% of total annualized revenue scheduled to expire by 2027, providing a runway for continued cash flow expansion. Execution of a key 2026 initiative is nearing completion with the anticipated full leasing of a 535,000 square foot vacancy in Indianapolis scheduled for June. Full-year 2026 guidance assumes the Indianapolis property begins generating revenue in the second half of the year following a minimal four-month free rent period. Management expects to unlock approximately $20 million in annual cash flow by eliminating amortizing debt and the requirement for interest rate caps. Following the recent pricing of $1.6 billion in fixed-rate debt, the company's consolidated debt profile will be entirely fixed-rate and non-amortizing with no maturities until 2029, providing a stable long-term financial framework. Guidance for 2026 excludes potential upside from the lease-up of the Hawaii land parcel, representing a conservative approach to the current outlook. Capital allocation priorities are shifting toward supporting existing tenant needs, such as building expansions, rather than pursuing new property acquisitions in the short term. First quarter results included $1.1 million in one-time items, specifically a $150,000 percentage rent true-up and a $450,000 remediation fee from a prior move-out. The new $1.6 billion mortgage financing includes a 24-month lockout period, which temporarily restricts the ability to dispose of assets within that specific 90-property pool. Net debt leverage improved slightly to 11.6 times, though management remains focused on further deleveraging before considering opportunistic acquisitions. Our analysts just identified a stock with the potential to be the n...

Investor releaseQuarter not tagged2026-04-30

Industrial Logistics Properties Trust Announces First Quarter 2026 Results

Business Wire

Provides Second Quarter and Full Year 2026 Financial Guidance NEWTON, Mass., April 29, 2026--(BUSINESS WIRE)--Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced its financial results for the quarter ended March 31, 2026 and provided second quarter and full year 2026 financial guidance, which can be found at the Quarterly Results section of ILPT’s website at https://www.ilptreit.com/investors/financials-information/quarterly-results/default.aspx. A conference call will be held on Thursday, April 30, 2026 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 418-4826 or (412) 902-6758 (if calling from outside the United States and Canada); a pass code is not required. A replay of the conference call will be available for one week by dialing (855) 669-9658; the replay pass code is 2866882. A live audio webcast of the conference call will also be available in a listen-only mode on ILPT’s website, at www.ilptreit.com. The archived webcast will be available for replay on ILPT’s website after the call. The transcription, recording and retransmission in any way of ILPT’s first quarter conference call are strictly prohibited without the prior written consent of ILPT. About Industrial Logistics Properties Trust: ILPT is a real estate investment trust focused on owning and leasing high quality industrial and logistics properties. As of March 31, 2026, ILPT’s portfolio consisted of 409 properties containing approximately 59.6 million rentable square feet located in 39 states. Approximately 77% of ILPT’s annualized rental revenues as of March 31, 2026 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of March 31, 2026 and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. For more information, visit www.ilptreit.com. A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq. No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust. View source version on businesswire.com: https://www.businesswire.com/news/home/20260429091...

TranscriptFY2026 Q12026-04-30

FY2026 Q1 earnings call transcript

Earnings source - 46 paragraphs
Operator

Good morning, welcome to Industrial Logistics Properties Trust's first quarter 2026 financial results conference call. I would now like to turn the call over to Kevin Barry, Senior Director of Investor Relations. Please go ahead.

Kevin Barry

Good morning, thank you for joining ILPT's first quarter 2026 earnings call. With me on today's call are President and Chief Executive Officer, Yael Duffy; Chief Financial Officer and Treasurer, Tiffany Sy; and Vice President, Marc Krohn. In just a moment, they will provide details about our business and quarterly results, followed by a question-and-answer session with sell side analysts. Please note that the recording and retransmission of today's conference call is prohibited without the prior written consent of the company. Note that today's conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws, including guidance with respect to certain second quarter and full year 2026 financial measures.

Kevin Barry

These forward-looking statements are based on ILPT's beliefs and expectations as of today, April 30, 2026, and actual results may differ materially from those that we project. The company undertakes no obligation to revise or publicly release the results of any revision to the forward-looking statements made in today's conference call. Additional information concerning factors that could cause those differences is contained in our filings with the Securities and Exchange Commission, which can be accessed from our website, ilptreit.com. Investors are cautioned not to place undue reliance upon any forward-looking statements. In addition, we will be discussing non-GAAP financial measures during this call, including normalized funds from operations or Normalized FFO, Adjusted EBITDAre, net operating income or NOI, and Cash Basis NOI. A reconciliation of these non-GAAP measures to net income is available in our financial results package, which can be found on our website.

Kevin Barry

Lastly, we will be providing guidance on this call, including estimated Normalized FFO and Adjusted EBITDAre. We are not providing a reconciliation of these non-GAAP measures as part of our guidance because certain information required for such reconciliation is not available without unreasonable efforts or at all. I will now turn the call over to Yael.

Yael Duffy

Thank you, Kevin Barry, and good morning. To begin, I would like to highlight the announcement we made last week that our consolidated joint venture successfully priced $1.6 billion of fixed rate interest only debt at an attractive interest rate of five point seven one percent. This outcome was achieved despite geopolitical headwinds and capital markets volatility. It also speaks to the strength of our high quality industrial portfolio, the credit worthiness of our tenants, and the depth of the banking relationships our manager, The RMR Group, has built. As Tiffany Sy will cover shortly, this financing takes out the JV's floating rate and amortizing debt, substantially strengthening its capital structure, insulating it from interest rate swings, and driving stronger cash flow.

Yael Duffy

As a result, all of ILPT's consolidated debt will now be fixed rate and non-amortizing at a weighted average interest rate of less than five and a half percent. Turning to our results. We're pleased to report another quarter of strong earnings growth that outpaced our expectations, which was supported by continued leasing momentum across our portfolio. Same Property Cash Basis NOI increased more than four percent year-over-year, and Normalized FFO grew more than 60%, demonstrating the meaningful progress we've made reducing financing costs and driving rent growth. We leased 862,000 sq ft at a weighted average rent roll up of 26.3%, marking our sixth consecutive quarter of double-digit rent growth. Renewals accounted for approximately 70% of the activity, reflecting continued strong tenant retention and portfolio stability with consolidated occupancy of 94.6%.

Yael Duffy

Today, 8.1 million sq ft or 11.5% of ILPT's total annualized revenue is scheduled to expire by the end of 2027, which provides us a substantial runway to capture embedded rent growth and drive organic cash flow. Currently, our leasing pipeline stands at approximately 6 million sq ft, with more than 2 million sq ft already in advanced stages of negotiation or lease documentation. We're especially pleased to share that we anticipate fully leasing the 535,000 sq ft vacancy in Indianapolis in June, accomplishing a key 2026 initiative for the company. Before I turn the call over to Tiffany, I want to take a moment to underscore the momentum we have built across three fronts, a meaningfully strengthened capital structure, continued double-digit leasing spreads, and a healthy pipeline of embedded mark-to-market opportunities still available to us.

Yael Duffy

Looking ahead, we believe we have a clear path to continued cash flow growth and delivering value to our shareholders. Tiffany?

Tiffany Sy

Thank you, Yael, and good morning, everyone. Yesterday, we reported first quarter Normalized FFO of $22 million or $0.33 per share. These results exceeded the high end of our guidance by $0.02 per share, driven by one-time revenues and fees totaling $1.1 million. Normalized FFO grew 16% on a sequential quarter basis and 63% compared to the same quarter a year ago. Same Property NOI was $90.3 million. Same Property Cash Basis NOI was $87.4 million, and Adjusted EBITDAre totaled $87 million, each increasing on a year-over-year and sequential quarter basis. Turning to our balance sheet. We ended the quarter with cash on hand of $100 million and restricted cash of $86 million.

Tiffany Sy

Our net debt to total assets ratio declined modestly to 68.8%, and our net debt leverage ratio improved to 11.6x from 11.8x. Last week, we priced $1.6 billion of five-year fixed rate interest-only mortgage financing for our consolidated joint venture at 5.71%. We expect to close the loan on or about May 8th and plan to use the proceeds to refinance the joint venture's existing $1.4 billion floating rate loan and $205 million of fixed rate amortizing debt. The new debt is secured by the same 90 mainland properties as the existing borrowing. With this refinancing, our consolidated joint venture will unlock nearly $20 million in annual cash flow by eliminating its amortizing debt and the need to purchase interest rate caps.

Tiffany Sy

Additionally, all of ILPT's consolidated debt will be fixed rate, limiting our exposure to market interest rate volatility with a weighted average interest rate of five point four eight percent and no debt maturities until 2029. Turning to our outlook. We introduced full year guidance in our earnings presentation issued last night in addition to the quarterly guidance we have been providing. For the second quarter of 2026, we expect interest expense of $61.5 million, including $59 million of cash interest expense and $2.5 million of non-cash amortization of deferred financing fees. Adjusted EBITDAre between $85.5 million and $86.5 million and Normalized FFO between $0.31 to $0.33 per share.

Tiffany Sy

For the full year 2026, we are guiding to interest expense of approximately $245 million, with cash interest of $234.5 million and non-cash interest of $10.5 million. Adjusted EBITDAre between $344 million and $349 million, and Normalized FFO between $1.27 to $1.34 per share. This guidance reflects the impact of our consolidated joint venture's refinance. It also assumes our vacant property in Indianapolis is leased in June 2026 and does not include the lease up of our Hawaii land parcel. In closing, we are pleased with the meaningful progress that ILPT has made over the past year, refinancing our floating rate debt and enhancing cash flow.

Tiffany Sy

As we look ahead to the remainder of 2026, we are focused on building on this momentum, advancing our growth initiatives, and creating long-term value for our shareholders. That concludes our prepared remarks. Operator, please open the lines for questions.

Operator

Thank you very much. We will now begin the question and answer session. To ask a question, you may press star then one on your touchtone phone. If you're using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star then two. At this time, we will pause momentarily to assemble our roster. Our first question comes from Mitch Germain with Citizens JMP. Please go ahead.

Mitch Germain

Thank you very much. Can you guys provide some sensitivity from the top to the bottom end of the guidance range, please?

Tiffany Sy

Meaning what will impact the?

Mitch Germain

Exactly. Like what factor is bringing from the bottom and what factor is taking to the high end of the range?

Tiffany Sy

Sure. I mean, sometimes we have one-time reimbursements, those types of things, or one-time fees. They're usually not very large, so that's the accounting for the $1 million range in the guidance.

Mitch Germain

Got you. Okay, that's helpful. Obviously, your interest rate is pretty much fixed at this point, so maybe provide some perspective on the Indianapolis lease. I know that this has been, you know, a big burden for you guys, a big priority strategically. Do you believe it becomes income paying June? How should I think? Maybe just provide some perspective on the economics. Are we looking at rents going higher? Maybe if you can provide some details on that, please.

Yael Duffy

Sure. Hi, Mitch. We anticipate the lease to be signed in June. There will be a minimal free rent of four months. We'll start seeing the cash in the back half of the year, and it will be at a roll-up in rent.

Mitch Germain

Great. Then last question from me with regards to the recent debt. Does it offer some more flexibility from the covenant perspective with regards to your ability to potentially look to sell some assets? Then maybe just broadly speaking, do you think that asset sales might become more of a strategic priority?

Tiffany Sy

Mitch, so there is a 24-month lockout period, in the, in the new debt.

Yael Duffy

I will add, I think with the leasing of this property in Indianapolis, it will allow us flexibility on the $1.16 billion debt to be able to look to sell properties in that pool. While we might not be able to, in the short term, have dispositions within Mountain, we will have greater flexibility now that we've gotten this Indianapolis lease completed.

Mitch Germain

Thanks, and appreciate the guidance.

Yael Duffy

Thanks, Mitch.

Operator

Thank you. Again, if you have a question, please press star then one. Our next question comes from John Massocca with B. Riley. Please go ahead.

John Massocca

Morning.

Yael Duffy

Good morning.

John Massocca

Can you walk us through what the $1.1 million of one-time items were in the quarter? I guess, is that kind of why guidance is calling for, I guess, a step down in Q2 versus 1Q at the midpoint?

Tiffany Sy

Yeah, that's exactly why. There was $650,000 of percentage rent that gets trued up that happened this quarter. We also had $450,000 of a one-time remediation fee related to a move-out that has already been released.

John Massocca

Okay. The percentage rent kind of true up, is that something that could hit in any given quarter, or is that usually a 1Q item?

Tiffany Sy

It's always a 1Q item. We just never know what the amount will be or even if it, if it will be incremented to us.

John Massocca

kind of post the debt transaction and now kind of your balance sheet really pretty set, how are you thinking about utilizing the kind of cash balance today? You know, you talked a little bit about dispositions, maybe using that in the cash to pay down debt potentially, or would you even potentially look into the acquisition market? Just kind of curious how you're thinking of kind of managing the cash outstanding, given there's a little more certainty from a debt out of your balance sheet.

Yael Duffy

I think that's a good question. I think we're kind of evaluating all of our options right now. You know, we wanna make sure that we have cash on the balance sheet to address our tenants' needs. We have a couple tenants we're in early discussions with who are looking at potential building expansions that they want us to partner with them on. We want to make sure that we, you know, have that cash available to us. I think it's early stages. We'll see where we shake out and then go from there.

John Massocca

I know those are potentially unique situations, but how do you think about, like, a return threshold if you get back into the market of deploying capital?

Tiffany Sy

I think that, we're certainly in a better position today than we were even a year ago. I think that's something that, you know, we're always considering, with the board.

John Massocca

Okay, and then lastly,

Yael Duffy

No, I didn't know if you were asking about property acquisitions specifically. Was that part of the question?

John Massocca

Well, either property acquisitions or even kind of investment. I mean, I know investments with existing tenants, you know, there's other considerations at play there. If you were to get back into the market, like how would you kind of view the current cap rate environment versus where you'd want to deploy capital? Are there things that are attractive out there today, especially given it would probably be coming from cash on hand rather than, you know, newly raised capital?

Yael Duffy

I think given where our leverage is today, I don't see us looking to acquire any properties, at least in the short term, unless it's a, you know, very specific situation or an opportunistic one.

John Massocca

Okay. Lastly, the CapEx spending was down a little bit. I know 1Q can be a relatively weak period seasonally for CapEx spend. Is that kind of more typical run rate should be, or was the current quarter a little bit of an anomaly?

Tiffany Sy

Current quarter was an anomaly. I think Q1 can be down sometimes. That's not what we are forecasting going forward.

John Massocca

Okay. Okay. That's it for me. Thank you very much.

Kevin Barry

Operator, I believe that concludes our Q&A.

Yael Duffy

Thank you for joining today's call, and we look forward to meeting with many of you at the Nareit conference in June. Please reach out to investor relations if you're interested in scheduling a meeting with ILPT. Operator, that concludes our call.

Operator

Thank you. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.

Investor releaseQuarter not tagged2026-04-29

Earnings To Watch: Industrial Logistics Properties Trust (ILPT) Reports Q1 2026 Result

GuruFocus.com

This article first appeared on GuruFocus. Industrial Logistics Properties Trust (NASDAQ:ILPT) is set to release its Q1 2026 earnings on Apr 30, 2026. The consensus estimate for Q1 2026 revenue is $114.88 million, and the earnings are expected to come in at -$0.20 per share. The full year 2026's revenue is expected to be $462.24 million and the earnings are expected to be -$0.77 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 10 Warning Signs with ILPT. Is ILPT fairly valued? Test your thesis with our free DCF calculator. Revenue estimates for Industrial Logistics Properties Trust (NASDAQ:ILPT) have increased from $451.06 million to $462.24 million for the full year 2026 and increased from $461.20 million to $472.32 million for 2027 over the past 90 days. Earnings estimates for Industrial Logistics Properties Trust (NASDAQ:ILPT) have increased from -$0.79 per share to -$0.77 per share for the full year 2026 and increased from -$0.88 per share to -$0.66 per share for 2027 over the past 90 days. In the previous quarter of 2025-12-31, Industrial Logistics Properties Trust's (NASDAQ:ILPT) actual revenue was $113.91 million, which beat analysts' revenue expectations of $111.88 million by 1.82%. Industrial Logistics Properties Trust's (NASDAQ:ILPT) actual earnings were -$0.03 per share, which missed analysts' earnings expectations of $0.07 per share by -142.86%. After releasing the results, Industrial Logistics Properties Trust (NASDAQ:ILPT) was up by 3.96% in one day. Based on the one-year price targets offered by 2 analysts, the average target price for Industrial Logistics Properties Trust (NASDAQ:ILPT) is $8.45 with a high estimate of $9.50 and a low estimate of $7.40. The average target implies an upside of 10.60% from the current price of $7.64. Based on GuruFocus estimates, the estimated GF Value for Industrial Logistics Properties Trust (NASDAQ:ILPT) in one year is $4.16, suggesting a downside of -45.55% from the current price of $7.64. Based on the consensus recommendation from 3 brokerage firms, Industrial Logistics Properties Trust's (NASDAQ:ILPT) average brokerage recommendation is currently 2.3, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies strong buy, and 5 denotes sell.

Investor releaseQuarter not tagged2026-04-28

Industrial Logistics Properties Trust (ILPT) Q1 2026 Earnings Report Preview: What To Look For

GuruFocus.com

This article first appeared on GuruFocus. Industrial Logistics Properties Trust (NASDAQ:ILPT) is set to release its Q1 2026 earnings on Apr 29, 2026. The consensus estimate for Q1 2026 revenue is $0.11 billion, and the earnings are expected to come in at -$0.20 per share. The full year 2026's revenue is expected to be $0.46 billion, and the earnings are expected to be -$0.77 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 10 Warning Signs with ILPT. Is ILPT fairly valued? Test your thesis with our free DCF calculator. Revenue estimates for Industrial Logistics Properties Trust (NASDAQ:ILPT) have increased from $0.45 billion to $0.46 billion for the full year 2026 and increased from $0.46 billion to $0.47 billion for 2027 over the past 90 days. Earnings estimates for Industrial Logistics Properties Trust (NASDAQ:ILPT) have increased from -$0.79 per share to -$0.77 per share for the full year 2026 and increased from -$0.88 per share to -$0.66 per share for 2027 over the past 90 days. In the previous quarter of 2025-12-31, Industrial Logistics Properties Trust's (NASDAQ:ILPT) actual revenue was $0.11 billion, which beat analysts' revenue expectations of $0.11 billion by 1.82%. Industrial Logistics Properties Trust's (NASDAQ:ILPT) actual earnings were -$0.03 per share, which missed analysts' earnings expectations of $0.07 per share by -142.86%. After releasing the results, Industrial Logistics Properties Trust (NASDAQ:ILPT) was up by 3.96% in one day. Based on the one-year price targets offered by 2 analysts, the average target price for Industrial Logistics Properties Trust (NASDAQ:ILPT) is $8.45 with a high estimate of $9.50 and a low estimate of $7.40. The average target implies an upside of 11.48% from the current price of $7.58. Based on GuruFocus estimates, the estimated GF Value for Industrial Logistics Properties Trust (NASDAQ:ILPT) in one year is $4.16, suggesting a downside of -45.12% from the current price of $7.58. Based on the consensus recommendation from 3 brokerage firms, Industrial Logistics Properties Trust's (NASDAQ:ILPT) average brokerage recommendation is currently 2.3, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies strong buy, and 5 denotes sell.

Investor releaseQuarter not tagged2026-04-09

Industrial Logistics Properties Trust Announces Quarterly Dividend on Common Shares

Business Wire

NEWTON, Mass., April 09, 2026--(BUSINESS WIRE)--Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced a regular quarterly cash distribution on its common shares of $0.05 per share ($0.20 per share per year). This distribution will be paid to ILPT’s common shareholders of record as of the close of business on April 21, 2026 and distributed on or about May 14, 2026. About Industrial Logistics Properties Trust ILPT is a real estate investment trust, or REIT, focused on owning and leasing high quality industrial and logistics properties. As of December 31, 2025, ILPT’s portfolio consisted of 409 properties containing approximately 59.6 million rentable square feet located in 39 states. Approximately 76% of ILPT’s annualized rental revenues as of December 31, 2025 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of December 31, 2025 and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. For more information, visit www.ilptreit.com. WARNING CONCERNING FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon ILPT’s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond ILPT’s control. For example, this press release states that ILPT’s regular quarterly cash distribution rate is $0.05 per share per quarter or $0.20 per share per year. A possible implication of this statement is that ILPT will continue to pay quarterly distributions of $0.05 per share per quarter or $0.20 per share per year in the future. ILPT’s distribution rate may be set and reset from time to time by ILPT’s Board of Trustees. ILPT’s Board of Trustees considers many factors when setting or resetting ILPT’s distribution rate, including ILPT’s funds from operations and normalized funds from operations, cash available for distribution, requirements to maint...

Investor releaseQuarter not tagged2026-04-02

Industrial Logistics Properties Trust First Quarter 2026 Conference Call Scheduled for Thursday, April 30th

Business Wire

NEWTON, Mass., April 01, 2026--(BUSINESS WIRE)--Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it will issue a press release containing its first quarter 2026 financial results after the Nasdaq closes on Wednesday, April 29, 2026. On Thursday, April 30, 2026 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Yael Duffy, Chief Financial Officer and Treasurer Tiffany Sy and Vice President Marc Krohn will host a conference call to discuss these results. The conference call telephone number is (877) 418-4826. Participants calling from outside the United States and Canada should dial (412) 902-6758. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through 11:59 p.m. on Thursday, May 7, 2026. To access the replay, dial (855) 669-9658. The replay pass code is 2866882. A live audio webcast of the conference call will also be available in a listen-only mode on the company’s website, which is located at www.ilptreit.com. Participants wanting to access the webcast should visit the company’s website about five minutes before the call. The archived webcast will be available for replay on the company’s website after the call. About Industrial Logistics Properties Trust ILPT is a real estate investment trust focused on owning and leasing high quality industrial and logistics properties. As of December 31, 2025, ILPT’s portfolio consisted of 409 properties containing approximately 59.6 million rentable square feet located in 39 states. Approximately 76% of ILPT’s annualized rental revenues as of December 31, 2025 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of December 31, 2025 and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. For more information, visit www.ilptreit.com. A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq. No shareholder, Trustee or officer is personally liable for any act or oblig...

As of 2026-07-11 • Updated weeklySource: Earnings sourceIngestion runbook