Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) released its earnings results on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $111.91 million for the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%.
Industrial Logistics Properties Trust Stock Up 11.2 %
Shares of NASDAQ:ILPT traded up $0.31 during midday trading on Friday, hitting $3.07. The stock had a trading volume of 591,655 shares, compared to its average volume of 455,658. The company has a market cap of $203.06 million, a P/E ratio of -2.10 and a beta of 2.14. Industrial Logistics Properties Trust has a 12 month low of $2.45 and a 12 month high of $5.45. The business's 50-day simple moving average is $3.21 and its 200-day simple moving average is $3.55. The company has a quick ratio of 4.53, a current ratio of 4.84 and a debt-to-equity ratio of 4.26.
Industrial Logistics Properties Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Tuesday, April 22nd. Industrial Logistics Properties Trust's payout ratio is presently -2.80%.
Industrial Logistics Properties Trust Company Profile
(
Get Free Report)
Industrial Logistics Properties Trust Nasdaq: ILPT is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states.
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