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Companies / Real Estate / Industrial Logistics Properties Trust
ILPT

Industrial Logistics Properties Trust

Ticker ILPTNEWTON, MAFiscal year ends DecemberBook value per share $6.41Diluted shares 66.2M

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust that owns and leases industrial and logistics properties across the United States, serving tenants that use warehouse, distribution and industrial land facilities. Its single operating segment comprises ownership and leasing of… From the company’s description.

Over the twelve months to Sep 30, 2026, Industrial Logistics Properties Trust reported revenue of $461.26M, up 3.5% from a year earlier, and a net loss of $89.36M. Its operating margin was 33.7%, and operations generated $59.03M in cash. In fiscal 2025, it reported revenue of $448.85M, up 1.5% from fiscal 2024, and a net loss of $102.57M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$448.85MFY2025
+1.5% year over year
Last 12 mo $461.26M
31.60%FY2025
+0.2 percentage points
Last 12 mo 33.66%
$-102.57MFY2025
+25.2% year over year
Last 12 mo $-89.36M
-12.27%FY2025
+4.7 percentage points
Last 12 mo -13.15%
Cash & financing
$60.67MFY2025
+2990.8% year over year
Last 12 mo $59.03M
$42.03MFY2025
+1225.4% year over year
Last 12 mo $44.04M
8.56FY2025
Was 7.65× a year earlier
Last 12 mo 9.85
66.0MFY2025
+0.5% year over year
Last 12 mo 66.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Industrial Logistics Properties Trust does

In the company’s own words

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust that owns and leases industrial and logistics properties across the United States, serving tenants that use warehouse, distribution and industrial land facilities. Its single operating segment comprises ownership and leasing of industrial and logistics buildings and leased industrial lands. The portfolio includes mainland properties and properties primarily on Oahu, Hawaii, as well as properties held through joint ventures. As of December 31, 2025, it comprised 409 properties with approximately 59.6 million rentable square feet across 39 states and was 94.5% occupied. FedEx was its largest tenant, accounting for 27.9% of annualized rental revenues at that date. ILPT was organized in 2017 and elected REIT tax treatment beginning in 2018. Its website is www.ilptreit.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
NEWTON, MA
Fiscal year end
December
CIK
1717307
SIC
6798

Financial performance, year by year

Fiscal 2018–2025 · USD
$-361.65M$-137.22M$87.21M$311.64M$536.07M20182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Industrial Logistics Properties Trust — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

141
funds hold it
0 of 35
superinvestors hold it
$97.06M
held by funds, at market
16.9%
of shares held by funds

Largest fund holders · Industrial Logistics Properties Trust’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.03%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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