Industrial Logistics Properties Trust (ILPT)
Owns and leases industrial and logistics properties across the United States.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 22, 2026 | Industrial Alliance Securities | Target | Target: — | Target: $11.50 |
| Jul 22, 2026 | Loop Capital Markets | Target | Target: $7.40 | Target: $11.50 |
| Mar 3, 2026 | Loop Capital Markets | Target | Target: — | Target: $7.40 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $181.8M · Total debt $4.19B · Total assets $5.12B · Shareholders' equity $461.7M
- Revenue
- $114.1M
- Operating income
- $35.8M
- Net income
- −$14.5M
HistoryDividendAnnual yield
| Institutions | 52.48% | 35.03M shares | |
|---|---|---|---|
| 168 holders · as of Jun 30, 2026 | |||
| Insiders | 1.68% | 1.12M shares | |
| 10 holders · as of Sep 21, 2026 | |||
| Other | 45.84% | 30.59M shares | |
| remainder | |||
66.75M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.64% | 5.77M | as of Jun 30, 2026 |
Massachusetts Financial Services Company ("MFS")Institution | 5.21% | 3.48M | filed Feb 13, 2019 |
Vanguard Portfolio Management LLCInstitution | 4.37% | 2.91M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.14% | 2.76M | as of Jun 30, 2026 |
Castleknight Management LPInstitution | 2.48% | 1.65M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 22, 2026 | Kevin C. Phelan | director | +2,000 | $8.87 |
- 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
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Industrial Logistics Properties Trust | $7.51 | −2.28% | $512.6M | — | — | 1.1 | +1.8% |
| Prologis | $134.80 | −0.79% | $126.84B | 30.3 | 38.4 | 13.8 | +7.5% |
| STAG Industrial | $37.21 | −0.31% | $7.20B | 28.7 | 74.2 | 8.2 | +7.8% |
| First Industrial Realty Trust | $61.48 | −0.66% | $8.20B | 22.6 | 34.4 | 10.8 | +8.2% |
| EastGroup Properties | $204.11 | +0.33% | $10.94B | 35.7 | 36.9 | 14.5 | +9.1% |
| LXP Industrial Trust | $60.86 | −0.02% | $3.59B | 60.9 | 539.4 | 10.3 | +0.5% |
| Rexford Industrial | $38.18 | −0.13% | $8.74B | — | 33.8 | 8.9 | +0.6% |
| Median | 30.3 | 37.7 | 10.6 | +7.6% |