Industrial Logistics Properties Trust (NASDAQ: ILPT) |
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Price: $4.0100
$-0.04
-0.988%
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Day's High:
| $4.12
| Week Perf:
| 2.56 %
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Day's Low: |
$ 4.01 |
30 Day Perf: |
12.01 % |
Volume (M): |
103 |
52 Wk High: |
$ 5.45 |
Volume (M$): |
$ 411 |
52 Wk Avg: |
$4.08 |
Open: |
$4.03 |
52 Wk Low: |
$3.15 |
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Market Capitalization (Millions $) |
264 |
Shares
Outstanding (Millions) |
66 |
Employees |
42 |
Revenues (TTM) (Millions $) |
441 |
Net Income (TTM) (Millions $) |
-61 |
Cash Flow (TTM) (Millions $) |
42 |
Capital Exp. (TTM) (Millions $) |
12 |
Industrial Logistics Properties Trust
Industrial Logistics Properties Trust (ILPT) is a publicly traded real estate investment trust (REIT) that focuses on the acquisition, ownership, and management of industrial and logistics properties across the United States. With a portfolio of over 300 properties covering more than 40 million square feet of gross leasable area, ILPT is one of the largest owners of industrial real estate in the country.
ILPT's properties are strategically located in major logistics markets, such as Los Angeles, Seattle, New York/New Jersey, Dallas, and Atlanta, among others. The company's properties include warehouses, distribution centers, light industrial facilities, and other types of industrial spaces that are essential to the logistics and supply chain of various industries.
ILPT has a diversified tenant base, with major clients from industries such as transportation and logistics, e-commerce, food and beverage, manufacturing, retail, and automotive, among others. The company's top tenant accounts for less than 5% of its annual rental revenue, indicating a well-diversified tenant portfolio.
The company's business model is based on acquiring and leasing properties to high-quality tenants under long-term leases, typically ranging from 5 to 15 years. This provides stable rental income and cash flow for the company, as well as a potential for value creation through lease renewals, rent escalations, and property improvements.
ILPT has a strong balance sheet, with a conservative leverage ratio and low cost of capital. The company primarily finances its acquisitions and development projects through a mix of debt and equity, including a $750 million unsecured revolving credit facility and an at-the-market (ATM) equity offering program.
ILPT's management team has a wealth of experience in the industrial and logistics real estate industry, with a focus on creating long-term value for its shareholders. The company's executive team has a proven track record of successfully executing its growth strategy and identifying attractive investment opportunities in the market.
In summary, Industrial Logistics Properties Trust is a well-established and well-diversified real estate investment trust that provides investors with exposure to the growing industrial and logistics real estate sector in the United States. With a strong balance sheet, a diversified tenant base, and a seasoned management team, ILPT is well-positioned for long-term growth and value creation.
Company Address: Two Newton Place, Newton, 2458 MA
Company Phone Number: 219-1460 Stock Exchange / Ticker: NASDAQ ILPT
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Stock Performances by Major Competitors |
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Dividend
Published Fri, Jul 12 2024 4:42 AM UTC
Industrial Logistics Properties Trust Announces Quarterly Dividend on Common Shares Industrial Logistics Properties Trust (ILPT) recently announced a regular quarterly cash distribution on its common shares of $0.01 per share, totaling $0.04 per share annually. The distribution will be paid to ILPT s common shareholders of record as of July 22, 2024, and distributed on o...
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Dividend
Published Thu, Jul 11 2024 3:06 PM UTC
Industrial Logistics Properties Trust (Nasdaq: ILPT) recently announced a regular quarterly cash distribution on its common shares of $0.01 per share, demonstrating the company s commitment to delivering value to its shareholders. This distribution, equivalent to $0.04 per share per year, will be paid to ILPT s common shareholders of record as of July 22, 2024, and dist...
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Industrial Logistics Properties Trust
Investors are closely watching Industrial Logistics Properties Trust (ILPT) as the company recently reported its financial results for the first quarter of 2024. Despite a decrease in loss per share compared to the previous year, and an improvement in earnings per share, the company's revenue growth fell below its sector competitors. ILPT reported a revenue increase of 1.793% to $112.24 million for the January to March 31, 2024 financial interval, compared to $110.26 million in the same period a year ago. Sequentially, revenue surged by 3.067% from $108.90 million. The company also reported a net deficit of $-12.904 million, an improvement from $-14.072 million in the same period a year ago, with operating earnings rising by 7.08% to $52.797 million. The company's accounts receivable have declined to $116.2 million from the previous quarter, although this is higher than during the same period a year ago. In light of these results, ILPT will be hosting a conference call on May 1, 2024 at 10:00 a.m. Eastern Time to discuss its financial performanceDespite these financial results, ILPT's stock has not performed well in recent months. The stock dropped by -3.65% in the past 3 months and by -8.42% in April 2024, currently trading on the NASDAQ at 8.1% above its 52-week average. Investors may want to closely monitor ILPT's performance in the coming months to assess its future potential. For more information on ILPT's financial results, investors can visit the Quarterly Results section of ILPT's website at https://www.ilptreit.com/investors/financials-information/quarterly-results/default.aspx.
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Industrial Logistics Properties Trust
Investors in Industrial Logistics Properties Trust may have mixed feelings after reviewing the company's recent financial performance. The Real Estate Investment Trust reported a decrease in net loss per share for the fiscal period closing December 31, 2023 compared to the prior year, but a surge in losses from the preceding reporting season. Revenue saw a modest increase year-over-year, but a sequential decrease from the previous quarter. The company's operating earnings fell significantly, leading to a decrease in the operating margin. Accounts receivables also increased, which could indicate rising demand for the company's services. However, Industrial Logistics Properties Trust reported a shortfall of $66.26 million for the fiscal year 2023, and shares have declined by 17.11% from a year ago.
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Industrial Logistics Properties Trust
As an investor closely following the Real Estate Investment Trusts (REITs) sector, I am intrigued by the recent financial results of Industrial Logistics Properties Trust (ILPT). While the company faced a loss of $-0.40 per share in its most recent fiscal period, compared to $-0.70 a year ago and $-0.40 in the preceding reporting period, there are aspects of ILPT's performance that deserve closer examination. One encouraging aspect is the revenue growth of 6.711%, reaching $110.14 million in the recent fiscal period. This marks an increase from $103.22 million in the comparable reporting period a year ago and a sequential growth of 1.943% from $108.04 million. While ILPT's revenue growth may not be as strong as its peers, who reported a business elevation of 9.20% relative to the same period a year ago, the consistent growth demonstrates the company's resilience in a challenging market.
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Per Share |
Current |
Earnings (TTM) |
-1.56 $ |
Revenues (TTM) |
6.7 $
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Cash Flow (TTM) |
0.65 $ |
Cash |
2.34 $
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Book Value |
15.85 $
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Dividend (TTM) |
0.04 $ |
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Per Share |
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Earnings (TTM) |
-1.56 $
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Revenues (TTM) |
6.7 $ |
Cash Flow (TTM) |
0.65 $ |
Cash |
2.34 $
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Book Value |
15.85 $ |
Dividend (TTM) |
0.04 $ |
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