Industrial Logistics Properties Trust ILPT · USD
Real Estate · US listing · 🇺🇸 United States
5.88
-0.84%
Close of 9 Nov 2026, in USD
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About Industrial Logistics Properties Trust
From its filings with the US Securities and Exchange Commission
Industrial Logistics Properties Trust is based in Newton, Massachusetts and is incorporated in Maryland. Its shares trade on Nasdaq under the ticker ILPT. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported a net loss of $66.2m. At that date it held total assets of $5.19bn and shareholders' equity of $489.7m.
We are a REIT organized under Maryland law in 2017. We own and lease industrial and logistics properties throughout the United States.
As of December 31, 2025, our portfolio was comprised of 409 properties containing approximately 59,604,000 rentable square feet located in 39 states with 94.5% occupancy, including properties owned by Mountain Industrial REIT LLC, or Mountain JV, or our consolidated joint venture. As of December 31, 2025, we also owned a 22% equity interest in The Industrial Fund REIT LLC, or the unconsolidated joint venture.
Our principal executive offices are located at Two Newton Place, 255 Washington Street, Suite 300, Newton, Massachusetts 02458-1634, and our telephone number is (617) 219-1460.
We seek to extend or enter new leases as leases approach expiration. We believe our current properties provide a stable base of increasing rents.
Our internal growth strategy is to increase rents and corresponding cash flows we receive from our current properties. Certain of the leases for our Hawaii Properties provide for rents to be reset to fair market value periodically during the lease terms. Periodic rent resets, together with lease extensions and new leasing activity following lease expirations at our Hawaii Properties, have resulted in significant rent increases. Due to the limited availability of land suitable for industrial uses that might compete with our Hawaii Properties, we believe that our Hawaii Properties offer potential for future rent growth as a result of periodic rent resets, lease extensions and new leasing.
Quoted from its 10-K, filed 18 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 12 Jan 2018
- Employees
- 900
- Website
- ilptreit.com/home/default.aspx ↗
- Head office
- TWO NEWTON PLACE, NEWTON, MA, 02458
- Incorporated in
- MD
- Classification
- Real Estate Investment Trusts
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Adam PortnoyChairman of the Board of Trustees$90,000
- Ms. Yael DuffyPresident, Chief Executive Officer, Managing Trustee, since 2019$60,811
- Ms. Tiffany SyChief Financial Officer, Treasurer$50,148
- Dr. Bruce GansLead Independent Trustee$192,500
- Ms. Lisa JonesIndependent Trustee$190,000
- Mr. Joseph MoreaIndependent Trustee$195,000
- Mr. Kevin PhelanIndependent Trustee$190,000
- Ms. June YoungsIndependent Trustee$175,000
- Mr. Matthew JordanManaging Trustee$90,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 36
- Environment
- 22
- Social
- 43
- Governance
- 44
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Industrial Logistics Properties Trust (ILPT) holds a strong market position as a leading provider of logistics properties. Their extensive portfolio and expertise in acquiring, developing, leasing, and managing industrial real estate assets give them a competitive advantage in the market.
- ILPT boasts a diverse property portfolio consisting of strategically located warehouses, distribution centers, and logistics facilities across various geographies. This diversity provides them with stability and flexibility, enabling them to meet the evolving needs of their tenants and capitalize on different market conditions.
- ILPT has consistently demonstrated strong financial performance, generating steady revenue growth and maintaining healthy profitability. This financial strength allows them to invest in property acquisitions and development projects, further strengthening their market position and generating value for shareholders.
Weaknesses
- ILPT's business performance heavily relies on the overall economic conditions. During economic downturns or recessions, demand for industrial real estate may decline, impacting their occupancy rates and rental income. They are susceptible to the fluctuations in the market and must adapt to changing economic environments.
- The success of ILPT is dependent on attracting and retaining tenants for their properties. Any significant loss of tenants or difficulty in securing new tenants could impact their rental income and overall financial performance. They must effectively manage tenant relationships and stay competitive in terms of lease rates and property features.
Opportunities
- The rapid growth of the e-commerce industry presents a significant opportunity for ILPT. As the demand for logistics and warehousing space increases, they can leverage their expertise and portfolio to capture this emerging market. By adapting their properties to meet the specific needs of e-commerce tenants, ILPT can further expand their customer base and generate higher rental income.
- ILPT has the potential for global expansion by entering new markets with high growth potential. By identifying strategic locations and acquiring or developing properties in these regions, they can diversify their portfolio, increase their market share, and tap into new sources of revenue. International expansion also helps them mitigate risks associated with regional economic fluctuations.
Threats
- ILPT operates in a highly competitive market, facing competition from other industrial real estate companies offering similar properties and services. To maintain their market position, ILPT must continue to differentiate themselves through superior property management, tenant relationships, and innovative solutions that meet the evolving needs of tenants.
- Regulatory changes and environmental policies can pose threats to ILPT's operations. Compliance with zoning laws, environmental regulations, and sustainability requirements may impact their ability to develop or modify properties. Keeping abreast of such regulations and adapting their business practices accordingly is essential to mitigate these risks and maintain operational continuity.
Sources and methodology
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- Our data supplier
- Chart on the Overview
- TradingView
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