Industrial Logistics Properties Trust (NASDAQ:ILPT) Announces Earnings Results, Misses Expectations By $0.32 EPS

Key Points

• Industrial Logistics Properties Trust reported a quarterly loss of $0.46 per share, missing analysts’ consensus estimate of a $0.14 loss by $0.32. Revenue was $116.81 million, slightly below the $117.48 million estimate.
• Shares declined $0.04 to $7.34 during Wednesday trading. The company reported negative profitability metrics, including a 10.37% net margin and 5.34% return on equity.
• ILPT declared a quarterly dividend of $0.10 per share, equivalent to $0.40 annually and a 5.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $11.50.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.46) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.32), FiscalAI reports. The business had revenue of $116.81 million for the quarter, compared to analyst estimates of $117.48 million. Industrial Logistics Properties Trust had a negative return on equity of 5.34% and a negative net margin of 10.37%.

Industrial Logistics Properties Trust Price Performance

Shares of Industrial Logistics Properties Trust stock traded down $0.04 during trading on Wednesday, reaching $7.34. The company's stock had a trading volume of 460,799 shares, compared to its average volume of 396,477. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 4.97. Industrial Logistics Properties Trust has a 12-month low of $4.92 and a 12-month high of $9.43. The company has a market capitalization of $489.94 million, a P/E ratio of -10.19 and a beta of 2.54. The business has a 50 day moving average price of $7.59 and a 200-day moving average price of $7.34.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, October 19th. Industrial Logistics Properties Trust's dividend payout ratio is -55.56%.

Wall Street Analyst Weigh In

Several analysts have commented on ILPT shares. Weiss Ratings raised Industrial Logistics Properties Trust from a "sell (d-)" rating to a "sell (d)" rating in a research note on Thursday, July 30th. Zacks Research upgraded Industrial Logistics Properties Trust from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 29th. Wall Street Zen downgraded Industrial Logistics Properties Trust from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Loop Capital set a $11.50 target price on Industrial Logistics Properties Trust in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.50.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust NASDAQ: ILPT is a real estate investment trust focused on owning and leasing industrial and logistics properties. Its portfolio includes distribution centers, warehouse facilities, and other properties used for transportation, storage, manufacturing, and related business activities.

The company serves tenants across the United States, with properties located in a variety of major logistics markets and industrial regions. Its facilities support supply-chain operations for businesses that require strategically located space near transportation networks and population centers.

Industrial Logistics Properties Trust was established in 2017 and is externally managed by The RMR Group, a property management and real estate services company.

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