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Industrial Logistics Properties Trust (ILPT)

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Upturn Advisory Summary
10/31/2025: ILPT (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $6.85
1 Year Target Price $6.85
| 1 | Strong Buy | 
| 0 | Buy | 
| 2 | Hold | 
| 0 | Sell | 
| 0 | Strong Sell | 
Analysis of Past Performance
 Type  Stock  |  Historic Profit  62.71%  |  Avg. Invested days  37  |  Today’s Advisory  PASS   | 
 Upturn Star Rating  ![]()  |  Upturn Advisory Performance   |  Stock Returns Performance   | 
Key Highlights
 Company Size  Small-Cap Stock   |  Market Capitalization  351.96M  USD   |  Price to earnings Ratio  -   |  1Y Target Price  6.85   | 
 Price to earnings Ratio  -   |  1Y Target Price  6.85   | ||
 Volume (30-day avg)  3   |  Beta  2.45   |  52 Weeks Range  2.40 - 6.51   |  Updated Date  11/2/2025   | 
 52 Weeks Range  2.40 - 6.51   |  Updated Date  11/2/2025   | ||
 Dividends yield (FY)  2.28%   |  Basic EPS (TTM)  -1.35   | 
Earnings Date
 Report Date  2025-10-28   |  When  After Market   |  Estimate  -0.26   |  Actual  -0.26   | 
Profitability
 Profit Margin  -19.87%   |  Operating Margin (TTM)  31.85%   | 
Management Effectiveness
 Return on Assets (TTM)  1.69%   |  Return on Equity (TTM)  -12.92%   | 
Valuation
 Trailing PE  -   |  Forward PE  -   |  Enterprise Value  4525816234   |  Price to Sales(TTM)  0.79   | 
 Enterprise Value  4525816234   |  Price to Sales(TTM)  0.79   | ||
 Enterprise Value to Revenue  10.21   |  Enterprise Value to EBITDA  14.33   |  Shares Outstanding  66659235   |  Shares Floating  60169958   | 
 Shares Outstanding  66659235   |  Shares Floating  60169958   | ||
 Percent Insiders  20.45   |  Percent Institutions  48.83   | 
 Upturn AI SWOT 
Industrial Logistics Properties Trust

Company Overview
 History and Background 
Industrial Logistics Properties Trust (ILPT) was founded in 2017 as a spin-off from Government Properties Income Trust. It focuses on owning and leasing distribution and logistics properties throughout the United States.
 Core Business Areas 
- Industrial Real Estate Ownership: ILPT owns and manages a portfolio of industrial properties, primarily focused on single-tenant buildings leased to tenants involved in distribution, e-commerce, and other logistics-related activities.
 - Property Management: ILPT provides property management services for its owned portfolio, including tenant relations, maintenance, and leasing activities.
 
 Leadership and Structure 
ILPT is led by a management team overseen by a Board of Trustees. The company is structured as a real estate investment trust (REIT).
Top Products and Market Share
 Key Offerings 
- Industrial Properties: ILPT's primary offering is the leasing of industrial properties to tenants. Market share data is difficult to pinpoint precisely due to the fragmented nature of the industrial real estate market, however ILPT is a relatively small REIT in comparison to larger players like Prologis. Competitors include Prologis (PLD), Duke Realty (DRE) (now part of Prologis), and Rexford Industrial Realty (REXR).
 
Market Dynamics
 Industry Overview 
The industrial real estate market is currently experiencing robust demand driven by e-commerce growth, supply chain modernization, and increasing inventory levels. Strong leasing activity and rising rents characterize the market. However, rising interest rates and economic uncertainty could negatively impact the sector.
Positioning
ILPT operates in the industrial real estate market focusing on properties leased to single tenants. Its competitive advantages include its national portfolio and established relationships with tenants. However, it is smaller and has higher leverage than some of its major competitors.
Total Addressable Market (TAM)
The total addressable market for industrial real estate is estimated to be in the trillions of dollars. ILPT, with its comparatively smaller market capitalization, has an opportunity to expand its portfolio and market share, but it is important to consider ILPT's recent financial struggles and dividend cuts.
Upturn SWOT Analysis
Strengths
- National portfolio of industrial properties
 - Established relationships with tenants
 - Focus on single-tenant buildings
 
Weaknesses
- High leverage
 - Smaller size compared to major competitors
 - Reliance on single tenants
 
Opportunities
- Acquisitions of additional industrial properties
 - Increasing rental rates in the industrial sector
 - Growth of e-commerce and logistics industries
 
Threats
- Rising interest rates
 - Economic recession
 - Increased competition from other REITs
 
Competitors and Market Share
 Key Competitors 
- Prologis (PLD)
 - Rexford Industrial Realty (REXR)
 - First Industrial Realty Trust (FR)
 - Terreno Realty Corporation (TRNO)
 
Competitive Landscape
ILPT is smaller and has higher leverage than its major competitors like Prologis. This makes it more vulnerable to economic downturns and interest rate increases. ILPT's focus on single-tenant buildings can be both a strength and a weakness.
Major Acquisitions
Monmouth Real Estate Investment Corporation
- Year: 2022
 - Acquisition Price (USD millions): 4000
 - Strategic Rationale: Increased scale and diversification of ILPT's portfolio. However, it significantly increased debt, creating current financial issues.
 
Growth Trajectory and Initiatives
Historical Growth: ILPT's historical growth has been driven by acquisitions, but recent financial difficulties have tempered future growth prospects.
Future Projections: Analyst estimates for ILPT's future growth are mixed, with some expecting modest revenue growth but acknowledging the challenges related to leverage and tenant issues.
Recent Initiatives: ILPT is focusing on deleveraging its balance sheet through asset sales and reduced capital expenditures.
Summary
Industrial Logistics Properties Trust faces significant challenges due to high leverage and dividend cuts. While the industrial real estate market remains strong, ILPT's financial situation raises concerns about its long-term stability. Recent initiatives focus on deleveraging and asset sales. Its reliance on single-tenant buildings also introduces risk. Future success depends on its ability to improve its balance sheet and navigate economic uncertainty.
Similar Stocks
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q)
 - Company Investor Relations
 - Analyst Reports
 - Industry Publications
 
Disclaimers:
The information provided is for informational purposes only and should not be construed as investment advice. Market share data is estimated and may not be precise. Future performance is not guaranteed and is subject to various risks and uncertainties.
 AI Summarization is directionally correct and might not be accurate. 
 Summarized information shown could be a few years old and not current. 
 Fundamental Rating based on AI could be based on old data. 
 AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action. 
About Industrial Logistics Properties Trust
 Exchange  NASDAQ   |  Headquaters  Newton, MA, United States   | ||
 IPO Launch date  2018-01-12   |  CEO  -   | ||
 Sector  Real Estate   |  Industry  REIT - Industrial   |  Full time employees  -   |  Website  https://www.ilptreit.com   | 
 Full time employees  -   |  Website  https://www.ilptreit.com   | ||
ILPT is a real estate investment trust focused on owning and leasing high quality industrial and logistics properties. As of September 30, 2025, ILPT's portfolio consisted of 411 properties containing approximately 59.9 million rentable square feet located in 39 states. Approximately 76% of ILPT's annualized rental revenues as of September 30, 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 approximately $39 billion in assets under management as of September 30, 2025 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA.

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