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Industrial Logistics Properties Trust (ILPT) Financials

Industrial Logistics Properties Trust logo
$8.99 -0.01 (-0.11%)
As of 09:41 AM Eastern
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Annual Income Statements for Industrial Logistics Properties Trust

Annual Income Statements for Industrial Logistics Properties Trust

This table shows Industrial Logistics Properties Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 87 80 74 52 82 120 -227 -108 -96 -66
Consolidated Net Income / (Loss)		 87 80 74 52 81 120 -287 -150 -137 -103
Net Income / (Loss) Continuing Operations		 87 80 74 52 81 120 -287 -150 -137 -103
Total Pre-Tax Income 		87 80 74 52 81 79 -294 -151 -142 -122
Total Revenue		 151 154 147 179 227 196 89 158 161 185
Net Interest Income / (Expense)		 -2.26 -2.44 -16 -50 -52 -36 -277 -281 -281 -258
Total Interest Income		 0.00 0.00 0.20 0.74 0.11 0.00 2.66 7.91 11 6.72
Investment Securities Interest Income		 0.00 0.00 0.20 0.74 0.11 0.00 2.66 7.91 11 6.72
Total Interest Expense		 2.26 2.44 16 51 52 36 280 289 293 265
Long-Term Debt Interest Expense		 2.26 2.44 16 51 52 36 280 289 293 265
Total Non-Interest Income		 153 157 163 229 279 232 366 439 442 442
Net Realized & Unrealized Capital Gains on Investments		 - - 0.00 0.00 24 12 -22 1.35 0.00 -6.45
Other Non-Interest Income		 153 157 163 229 255 220 388 437 442 449
Total Non-Interest Expense		 64 74 72 127 146 117 377 309 304 307
Other Operating Expenses		 37 46 44 65 56 66 114 129 132 136
Depreciation Expense		 27 27 29 62 71 51 161 179 172 165
Impairment Charge		 - - - - 0.00 0.00 101 0.16 0.00 6.08
Restructuring Charge		 0.04 1.03 0.00 0.00 20 1.13 0.59 0.29 0.00 0.00
Income Tax Expense		 0.04 0.04 0.03 0.17 0.28 0.27 0.05 0.10 0.16 0.10
Other Gains / (Losses), net		 - 0.00 0.00 0.67 0.53 41 7.08 0.90 5.33 20
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - 0.00 0.00 -0.87 0.00 -60 -42 -41 -36
Basic Earnings per Share		 $1.93 $1.78 $1.16 $0.81 $1.26 $1.83 ($3.47) ($1.65) ($1.46) ($1.00)
Weighted Average Basic Shares Outstanding		 45M 45M 64.14M 65.05M 65.10M 65.17M 65.25M 65.43M 65.70M 66.01M
Diluted Earnings per Share		 $1.93 $1.78 $1.16 $0.81 $1.26 $1.83 ($3.47) ($1.65) ($1.46) ($1.00)
Weighted Average Diluted Shares Outstanding		 45M 45M 64.14M 65.06M 65.11M 65.21M 65.25M 65.43M 65.70M 66.01M
Weighted Average Basic & Diluted Shares Outstanding		 - 45M 64.10M 65.18M 65.30M 65.40M 65.57M 65.84M 66.14M 66.65M
Cash Dividends to Common per Share		 - $0.93 $0.93 $1.32 $1.32 $1.32 $0.68 $0.04 $0.04 $0.12

Quarterly Income Statements for Industrial Logistics Properties Trust

This table shows Industrial Logistics Properties Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -26 -31 -23 -23 -25 -24 -22 -21 -22 -1.78 -9.43
Consolidated Net Income / (Loss)		 -36 -41 -34 -33 -35 -34 -31 -30 -30 -11 -18
Net Income / (Loss) Continuing Operations		 -36 -41 -34 -33 -35 -34 -31 -30 -30 -11 -18
Total Pre-Tax Income 		-37 -35 -36 -36 -37 -34 -30 -35 -33 -25 -21
Total Revenue		 40 41 -70 40 38 152 44 41 49 50 56
Net Interest Income / (Expense)		 -71 -70 -70 -71 -71 -69 -68 -66 -62 -62 -61
Total Interest Income		 2.40 2.57 2.85 2.94 3.13 2.51 1.97 2.02 1.59 1.14 1.04
Investment Securities Interest Income		 2.40 2.57 2.85 2.94 3.13 2.51 1.97 2.02 1.59 1.14 1.04
Total Interest Expense		 73 73 73 74 74 72 70 68 63 63 62
Long-Term Debt Interest Expense		 73 73 73 74 74 72 70 68 63 63 62
Total Non-Interest Income		 110 112 0.00 111 109 221 112 107 111 113 116
Other Non-Interest Income		 110 109 - 111 109 - 112 112 111 114 116
Total Non-Interest Expense		 76 76 77 76 75 76 74 76 82 76 76
Other Operating Expenses		 33 31 34 32 31 34 33 34 35 34 36
Depreciation Expense		 44 44 44 43 43 42 42 41 41 41 41
Income Tax Expense		 0.05 -0.01 0.03 0.04 0.03 0.06 0.03 0.03 0.03 0.02 0.11
Other Gains / (Losses), net		 0.72 -6.52 1.72 2.35 1.16 0.10 -1.04 4.14 2.24 15 2.87
Net Income / (Loss) Attributable to Noncontrolling Interest		 -10 -10 -10 -10 -10 -10 -9.64 -9.08 -8.87 -8.79 -8.43
Basic Earnings per Share		 ($0.40) ($0.47) ($0.36) ($0.35) ($0.38) ($0.37) ($0.33) ($0.32) ($0.33) ($0.02) ($0.14)
Weighted Average Basic Shares Outstanding		 65.49M 65.43M 65.56M 65.63M 65.77M 65.70M 65.83M 65.93M 66.09M 66.01M 66.18M
Diluted Earnings per Share		 ($0.40) ($0.47) ($0.36) ($0.35) ($0.38) ($0.37) ($0.33) ($0.32) ($0.33) ($0.02) ($0.14)
Weighted Average Diluted Shares Outstanding		 65.49M 65.43M 65.56M 65.63M 65.77M 65.70M 65.83M 65.93M 66.09M 66.01M 66.18M
Weighted Average Basic & Diluted Shares Outstanding		 65.84M 65.84M 65.83M 65.98M 66.14M 66.14M 66.14M 66.34M 66.66M 66.65M 66.67M
Cash Dividends to Common per Share		 - - - - $0.01 - $0.01 $0.01 $0.05 - $0.05

Annual Cash Flow Statements for Industrial Logistics Properties Trust

This table details how cash moves in and out of Industrial Logistics Properties Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.00 0.00 9.61 25 -12 6.56 111 105 -3.24 -59
Net Cash From Operating Activities		 109 103 97 116 115 111 83 6.06 1.96 61
Net Cash From Continuing Operating Activities		 109 103 97 116 115 111 83 6.06 1.96 61
Net Income / (Loss) Continuing Operations		 87 80 74 52 81 120 -287 -150 -137 -103
Consolidated Net Income / (Loss)		 87 80 74 52 81 120 -287 -150 -137 -103
Depreciation Expense		 18 18 19 38 44 32 106 125 127 128
Amortization Expense		 8.83 8.71 11 25 28 20 148 104 100 70
Non-Cash Adjustments to Reconcile Net Income		 -6.20 -5.76 -8.82 -3.24 -31 -55 118 -67 -75 -45
Changes in Operating Assets and Liabilities, net		 1.91 1.96 0.56 4.27 -7.52 -5.84 -1.99 -6.45 -12 11
Net Cash From Investing Activities		 -1.36 -6.31 -136 -893 -4.52 23 -3,446 68 16 3.96
Net Cash From Continuing Investing Activities		 -1.36 -6.31 -136 -894 -4.52 23 -3,446 68 16 3.96
Purchase of Property, Leasehold Improvements and Equipment		 -1.36 -6.03 -5.00 -17 -5.86 -4.91 -18 -19 -5.70 -19
Purchase of Investment Securities		 0.00 -0.28 -131 -885 -116 -135 -3,589 0.00 -43 -15
Sale and/or Maturity of Investments		 - 0.00 0.00 8.33 11 162 161 87 65 38
Net Cash From Financing Activities		 -108 -97 48 802 -122 -127 3,474 31 -22 -124
Net Cash From Continuing Financing Activities		 -108 -97 48 802 -122 -127 3,474 31 -22 -124
Issuance of Debt		 0.00 750 193 1,744 234 301 4,723 91 0.00 1,160
Repayment of Debt		 -0.02 -764 -530 -847 -372 -340 -1,588 -55 -18 -1,259
Repurchase of Common Equity		 0.00 0.00 -0.05 -0.25 -0.38 -0.92 -0.24 -0.16 -0.31 -0.45
Payment of Dividends		 -154 -154 -70 -86 -86 -86 -44 -2.63 -2.64 -7.97
Other Financing Activities, Net		 46 71 11 -8.78 102 -0.80 384 -1.65 -0.56 -17
Cash Interest Paid		 2.55 2.75 15 46 50 33 179 238 237 235
Cash Income Taxes Paid		 - 0.00 0.00 0.16 0.21 0.49 0.23 0.09 -0.08 0.00

Quarterly Cash Flow Statements for Industrial Logistics Properties Trust

This table details how cash moves in and out of Industrial Logistics Properties Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 12 23 -9.25 22 6.36 -22 -5.78 -78 19 5.33 2.76
Net Cash From Operating Activities		 3.43 -8.00 7.99 11 -3.41 -13 11 18 23 8.18 16
Net Cash From Continuing Operating Activities		 3.43 -8.00 7.99 11 -3.41 -13 11 18 23 8.18 16
Net Income / (Loss) Continuing Operations		 -36 -41 -34 -33 -35 -34 -31 -30 -30 -11 -18
Consolidated Net Income / (Loss)		 -36 -41 -34 -33 -35 -34 -31 -30 -30 -11 -18
Depreciation Expense		 31 32 32 32 32 32 32 32 32 32 32
Amortization Expense		 38 25 26 27 26 21 20 17 19 14 13
Non-Cash Adjustments to Reconcile Net Income		 -31 -15 -20 -21 -20 -14 -11 -8.76 -5.71 -20 -6.10
Changes in Operating Assets and Liabilities, net		 1.71 -9.07 5.23 7.20 -6.41 -18 1.55 8.97 8.32 -8.11 -5.04
Net Cash From Investing Activities		 14 36 -12 16 15 -3.63 -12 5.92 4.41 5.32 -4.70
Net Cash From Continuing Investing Activities		 14 36 -12 16 15 -3.63 -12 5.92 4.41 5.32 -4.70
Purchase of Property, Leasehold Improvements and Equipment		 -6.35 -5.77 -2.13 -1.47 -2.54 0.44 -6.35 -3.25 -5.08 -3.96 -3.09
Purchase of Investment Securities		 - - -26 - - -17 -15 - - - -3.72
Sale and/or Maturity of Investments		 20 42 17 18 18 13 9.67 9.17 9.50 9.27 2.12
Net Cash From Financing Activities		 -5.33 -5.10 -5.47 -5.18 -5.63 -5.36 -5.46 -102 -8.49 -8.17 -8.44
Net Cash From Continuing Financing Activities		 -5.33 -5.10 -5.47 -5.18 -5.63 -5.36 -5.46 -102 -8.49 -8.17 -8.44
Repayment of Debt		 -4.39 -4.43 -4.47 -4.51 -4.55 -4.59 -4.77 -1,245 -4.72 -4.76 -4.94
Repurchase of Common Equity		 -0.15 -0.00 -0.05 -0.01 -0.25 -0.00 -0.00 -0.03 -0.40 -0.02 -0.02
Payment of Dividends		 -0.66 -0.66 -0.66 -0.66 -0.66 -0.66 -0.66 -0.66 -3.32 -3.33 -3.33
Other Financing Activities, Net		 -0.14 -0.01 -0.29 - -0.16 -0.11 -0.03 -17 -0.05 -0.05 -0.15
Cash Interest Paid		 76 19 60 59 59 60 60 55 63 57 57
Cash Income Taxes Paid		 -0.63 0.17 -0.08 - - -0.16 0.00 - - - 0.00

Annual Balance Sheets for Industrial Logistics Properties Trust

This table presents Industrial Logistics Properties Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,412 1,535 2,455 1,916 1,909 5,676 5,564 5,406 5,190
Cash and Due from Banks		 0.00 9.61 28 23 29 48 112 132 95
Restricted Cash		 - 0.00 6.14 - 0.00 93 133 111 88
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 1,269 1,369 2,204 1,668 1,581 4,903 4,772 4,656 4,532
Intangible Assets		 79 76 139 84 63 297 244 199 164
Other Assets		 57 68 66 133 234 335 302 308 311
Total Liabilities & Shareholders' Equity		 1,412 1,535 2,455 1,916 1,909 5,676 5,564 5,406 5,190
Total Liabilities		 849 506 1,459 913 871 4,345 4,402 4,397 4,289
Long-Term Debt		 49 49 1,097 646 646 4,245 4,306 4,301 4,193
Other Long-Term Liabilities		 37 36 43 37 40 101 96 96 96
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 562 1,028 996 1,003 1,038 1,331 1,162 1,009 901
Total Preferred & Common Equity		 562 1,028 996 1,003 1,038 791 670 562 490
Total Common Equity		 562 1,028 996 1,003 1,038 791 670 562 490
Common Stock		 547 939 854 779 694 652 651 650 643
Retained Earnings		 15 90 142 224 344 117 9.20 -86 -153
Accumulated Other Comprehensive Income / (Loss)		 - - - - 0.00 22 10 -1.07 -0.84
Noncontrolling Interest		 - - - - 0.00 540 492 447 411

Quarterly Balance Sheets for Industrial Logistics Properties Trust

This table presents Industrial Logistics Properties Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 5,634 5,528 5,490 5,455 5,364 5,239 5,219 5,167
Cash and Due from Banks		 83 128 146 154 108 59 83 100
Restricted Cash		 139 108 112 111 129 101 95 86
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 4,766 4,742 4,713 4,684 4,625 4,573 4,536 4,501
Intangible Assets		 255 232 220 209 190 181 172 156
Other Assets		 391 318 298 297 311 325 333 324
Total Liabilities & Shareholders' Equity		 5,634 5,528 5,490 5,455 5,364 5,239 5,219 5,167
Total Liabilities		 4,416 4,405 4,402 4,412 4,387 4,291 4,305 4,283
Long-Term Debt		 4,304 4,308 4,307 4,305 4,296 4,200 4,197 4,189
Other Long-Term Liabilities		 113 97 95 107 91 90 108 94
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,218 1,123 1,088 1,043 977 948 914 884
Total Preferred & Common Equity		 714 643 618 586 540 519 494 480
Total Common Equity		 714 643 618 586 540 519 494 480
Common Stock		 651 650 650 650 649 649 646 640
Retained Earnings		 40 -14 -37 -62 -108 -129 -151 -162
Accumulated Other Comprehensive Income / (Loss)		 22 7.21 5.24 -1.75 -1.61 -0.90 -1.28 1.60
Noncontrolling Interest		 505 479 469 457 437 429 420 404

Annual Metrics And Ratios for Industrial Logistics Properties Trust

This table displays calculated financial ratios and metrics derived from Industrial Logistics Properties Trust's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 65,072,031.00 65,181,333.00 65,301,088.00 65,404,592.00 65,568,560.00 65,843,823.00 - 66,659,235.00
DEI Adjusted Shares Outstanding		 0.00 0.00 65,072,031.00 65,181,333.00 65,301,088.00 65,404,592.00 65,568,560.00 65,843,823.00 - 66,659,235.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 1.14 0.81 1.24 1.83 -4.37 -2.27 - -1.54
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.00% 2.00% -4.81% 22.15% 26.83% -13.59% -54.89% 78.49% 1.99% 14.48%
EBITDA Growth		 0.00% -5.95% -2.57% 10.51% 33.47% -14.41% -125.65% 333.76% 6.76% -10.82%
EBIT Growth		 0.00% -7.82% -7.15% -30.12% 55.67% -2.37% -464.53% 47.76% 5.43% 13.98%
NOPAT Growth		 0.00% -7.82% -7.13% -30.32% 55.65% -2.37% -356.06% 47.76% 5.43% 13.98%
Net Income Growth		 0.00% -7.82% -7.13% -29.43% 54.68% 47.38% -339.67% 47.80% 8.38% 25.22%
EPS Growth		 0.00% -7.77% -34.83% -30.17% 55.56% 45.24% -289.62% 52.45% 11.52% 31.51%
Operating Cash Flow Growth		 0.00% -5.31% -6.47% 20.19% -1.49% -3.42% -24.76% -92.72% -67.60% 2,990.78%
Free Cash Flow Firm Growth		 0.00% 0.00% 95.75% -1,479.57% 171.30% -86.57% -4,848.00% 100.06% 2,558.16% 123.76%
Invested Capital Growth		 0.00% 0.00% 9.46% 61.18% -22.17% -0.19% 198.76% -1.93% -2.89% -4.07%
Revenue Q/Q Growth		 0.00% 0.00% 435.92% -38.09% 12.56% -6.93% -16.40% 0.05% 219.39% -35.87%
EBITDA Q/Q Growth		 0.00% 0.00% 594.25% -50.38% 19.69% -9.40% -244.46% 7.20% 276.23% -59.37%
EBIT Q/Q Growth		 0.00% 0.00% 251.72% -70.96% 52.94% -13.03% -28.76% 1.07% 43.84% -530.25%
NOPAT Q/Q Growth		 0.00% 0.00% 4.23% -11.39% 53.11% -13.09% -28.76% 4.67% 0.33% 7.00%
Net Income Q/Q Growth		 0.00% 0.00% 4.23% -11.19% 53.98% 23.88% -64.76% 5.16% 4.87% 18.84%
EPS Q/Q Growth		 0.00% 0.00% -4.92% -10.99% 51.81% 23.65% -70.10% 0.00% 6.41% 25.93%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 1.92% 0.52% -4.59% 0.09% -19.67% -60.67% -73.55% 55.45%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 2.95% 5,081.72% -84.67% -3.95% 107.96% -21.52% -10.17%
Invested Capital Q/Q Growth		 0.00% 0.00% 2.05% -0.12% -23.56% -6.66% -0.53% -0.98% -0.71% -0.32%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 75.03% 69.19% 70.82% 64.07% 67.43% 66.79% -37.98% 49.74% 52.06% 40.55%
EBIT Margin		 57.56% 52.02% 50.75% 29.03% 35.63% 40.26% -325.35% -95.23% -88.29% -66.34%
Profit (Net Income) Margin		 57.53% 51.99% 50.73% 29.31% 35.74% 60.97% -323.91% -94.72% -85.08% -55.57%
Tax Burden Percent		 99.95% 99.95% 99.96% 100.95% 100.31% 151.43% 97.61% 99.47% 96.37% 83.77%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 102.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.05% 0.05% 0.04% 0.33% 0.34% 0.35% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 11.77% 5.22% 2.66% 3.78% 4.22% -5.42% -1.91% -1.85% -1.65%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 11.77% 5.22% 2.73% 3.82% 9.05% -8.78% -2.95% -2.72% -2.04%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 16.73% 4.14% 2.52% 4.35% 7.51% -18.80% -10.11% -10.79% -9.09%
Return on Equity (ROE)		 0.00% 28.50% 9.35% 5.19% 8.13% 11.73% -24.22% -12.01% -12.64% -10.74%
Cash Return on Invested Capital (CROIC)		 0.00% -188.23% -3.82% -44.18% 28.71% 4.41% -105.11% 0.04% 1.08% 2.50%
Operating Return on Assets (OROA)		 0.00% 5.68% 5.05% 2.61% 3.70% 4.13% -7.60% -2.68% -2.60% -2.31%
Return on Assets (ROA)		 0.00% 5.67% 5.05% 2.63% 3.72% 6.26% -7.56% -2.66% -2.50% -1.94%
Return on Common Equity (ROCE)		 0.00% 28.50% 9.35% 5.19% 8.13% 11.73% -18.70% -7.04% -7.17% -5.91%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 14.25% 7.23% 5.27% 8.09% 11.53% -36.28% -22.35% -24.41% -20.95%
Net Operating Profit after Tax (NOPAT)		 87 80 74 52 81 79 -202 -105 -100 -86
NOPAT Margin		 57.53% 51.99% 50.73% 28.94% 35.51% 40.12% -227.75% -66.66% -61.80% -46.44%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -0.07% -0.05% -4.83% 3.36% 1.04% 0.87% 0.40%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 42.44% 47.98% 49.25% 70.97% 64.37% 59.74% 425.35% 195.23% 188.29% 166.34%
Earnings before Interest and Taxes (EBIT)		 87 80 74 52 81 79 -288 -151 -142 -122
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 113 107 104 115 153 131 -34 79 84 75
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.85 0.98 1.24 1.36 1.49 0.26 0.44 0.43 0.74
Price to Tangible Book Value (P/TBV)		 0.00 0.99 1.06 1.44 1.49 1.59 0.42 0.69 0.66 1.12
Price to Revenue (P/Rev)		 3.18 3.12 6.90 6.87 6.01 7.90 2.36 1.86 1.49 1.97
Price to Earnings (P/E)		 5.52 5.99 13.60 23.45 16.64 12.95 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 5.98% 6.99% 6.31% 5.57% 21.37% 0.90% 1.10% 2.20%
Earnings Yield		 18.10% 16.69% 7.35% 4.26% 6.01% 7.72% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.94 0.98 1.08 1.18 1.26 0.87 0.89 0.89 0.94
Enterprise Value to Revenue (EV/Rev)		 0.00 8.30 9.98 14.53 9.73 11.96 54.80 30.66 29.44 25.92
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 12.00 14.10 22.68 14.42 17.91 0.00 61.64 56.55 63.92
Enterprise Value to EBIT (EV/EBIT)		 0.00 15.96 19.67 50.06 27.29 29.72 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 15.97 19.68 50.23 27.39 29.82 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 12.37 15.13 22.38 19.29 21.23 58.29 799.81 2,417.82 78.85
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 3.60 28.51 0.00 2,212.69 81.53 36.73
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 1.42 0.45 1.41 0.86 0.80 3.19 3.71 4.26 4.66
Long-Term Debt to Equity		 0.00 0.09 0.05 1.10 0.64 0.62 3.19 3.71 4.26 4.66
Financial Leverage		 0.00 1.42 0.79 0.92 1.14 0.83 2.14 3.43 3.96 4.45
Leverage Ratio		 0.00 2.51 1.85 1.97 2.19 1.87 3.20 4.51 5.05 5.55
Compound Leverage Factor		 0.00 2.51 1.85 1.97 2.19 1.87 3.27 4.51 5.05 5.55
Debt to Total Capital		 0.00% 58.71% 31.01% 58.55% 46.35% 44.38% 76.13% 78.75% 80.99% 82.32%
Short-Term Debt to Total Capital		 0.00% 55.08% 27.71% 12.90% 11.82% 9.75% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 3.63% 3.30% 45.65% 34.53% 34.62% 76.13% 78.75% 80.99% 82.32%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.69% 9.00% 8.42% 8.07%
Common Equity to Total Capital		 0.00% 41.29% 68.99% 41.45% 53.65% 55.62% 14.18% 12.25% 10.58% 9.61%
Debt to EBITDA		 0.00 7.50 4.45 12.26 5.66 6.32 -126.20 54.77 51.24 56.02
Net Debt to EBITDA		 0.00 7.50 4.36 11.95 5.51 6.09 -122.01 51.64 48.35 53.58
Long-Term Debt to EBITDA		 0.00 0.46 0.47 9.55 4.21 4.93 -126.20 54.77 51.24 56.02
Debt to NOPAT		 0.00 9.98 6.21 27.14 10.74 10.51 -21.05 -40.87 -43.16 -48.92
Net Debt to NOPAT		 0.00 9.98 6.08 26.47 10.46 10.14 -20.35 -38.54 -40.73 -46.79
Long-Term Debt to NOPAT		 0.00 0.62 0.66 21.16 8.00 8.20 -21.05 -40.87 -43.16 -48.92
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 22.80% 41.40% 43.26% 44.94%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -1,282 -54 -860 613 82 -3,911 2.19 58 130
Operating Cash Flow to CapEx		 8,057.15% 1,716.81% 1,933.71% 677.86% 1,956.02% 2,253.11% 469.50% 31.21% 34.45% 325.53%
Free Cash Flow to Firm to Interest Expense		 0.00 -525.43 -3.39 -16.91 11.88 2.31 -13.96 0.01 0.20 0.49
Operating Cash Flow to Interest Expense		 48.30 42.42 6.02 2.29 2.22 3.11 0.30 0.02 0.01 0.23
Operating Cash Flow Less CapEx to Interest Expense		 47.70 39.95 5.71 1.95 2.11 2.97 0.23 -0.05 -0.01 0.16
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.11 0.10 0.09 0.10 0.10 0.02 0.03 0.03 0.03
Fixed Asset Turnover		 0.00 0.12 0.11 0.10 0.12 0.12 0.03 0.03 0.03 0.04
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 0.00 1,362 1,490 2,402 1,870 1,866 5,575 5,468 5,310 5,094
Invested Capital Turnover		 0.00 0.23 0.10 0.09 0.11 0.11 0.02 0.03 0.03 0.04
Increase / (Decrease) in Invested Capital		 0.00 1,362 129 912 -533 -3.60 3,709 -108 -158 -216
Enterprise Value (EV)		 0.00 1,279 1,464 2,603 2,209 2,349 4,852 4,846 4,746 4,784
Market Capitalization		 480 480 1,012 1,231 1,366 1,550 209 294 241 363
Book Value per Share		 $0.00 $12.49 $15.80 $15.28 $15.36 $15.87 $12.06 $10.17 $8.50 $7.35
Tangible Book Value per Share		 $0.00 $10.74 $14.64 $13.15 $14.08 $14.90 $7.52 $6.48 $5.49 $4.88
Total Capital		 0.00 1,362 1,490 2,402 1,870 1,866 5,575 5,468 5,310 5,094
Total Debt		 0.00 799 462 1,407 867 828 4,245 4,306 4,301 4,193
Total Long-Term Debt		 0.00 49 49 1,097 646 646 4,245 4,306 4,301 4,193
Net Debt		 0.00 799 453 1,372 844 799 4,104 4,060 4,058 4,010
Capital Expenditures (CapEx)		 1.36 6.03 5.00 17 5.86 4.91 18 19 5.70 19
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 -0.67 -0.53 -41 85 44 38 17
Net Nonoperating Obligations (NNO)		 0.00 799 462 1,407 867 828 4,245 4,306 4,301 4,193
Total Depreciation and Amortization (D&A)		 26 26 29 63 72 52 254 229 226 197
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.93 $1.78 $1.16 $0.81 $1.26 $1.83 ($3.47) ($1.65) ($1.46) ($1.00)
Adjusted Weighted Average Basic Shares Outstanding		 45M 45M 64.14M 65.05M 65.10M 65.17M 65.25M 65.43M 65.70M 66.01M
Adjusted Diluted Earnings per Share		 $1.93 $1.78 $1.16 $0.81 $1.26 $1.83 ($3.47) ($1.65) ($1.46) ($1.00)
Adjusted Weighted Average Diluted Shares Outstanding		 45M 45M 64.14M 65.06M 65.11M 65.21M 65.25M 65.43M 65.70M 66.01M
Adjusted Basic & Diluted Earnings per Share		 $1.93 $1.78 $1.16 $0.81 $1.26 $1.83 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 45M 65.07M 65.18M 65.30M 65.40M 65.57M 65.84M 66.14M 66.65M
Normalized Net Operating Profit after Tax (NOPAT)		 87 81 74 52 100 80 -131 -105 -100 -81
Normalized NOPAT Margin		 57.55% 52.66% 50.73% 28.94% 44.10% 40.70% -147.65% -66.46% -61.80% -44.13%
Pre Tax Income Margin		 57.56% 52.02% 50.75% 29.03% 35.63% 40.26% -331.85% -95.23% -88.29% -66.34%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 38.44 32.86 4.63 1.02 1.57 2.22 -1.03 -0.52 -0.49 -0.46
NOPAT to Interest Expense		 38.42 32.84 4.63 1.02 1.56 2.21 -0.72 -0.37 -0.34 -0.32
EBIT Less CapEx to Interest Expense		 37.84 30.39 4.32 0.69 1.45 2.08 -1.09 -0.59 -0.51 -0.53
NOPAT Less CapEx to Interest Expense		 37.82 30.37 4.31 0.68 1.45 2.07 -0.78 -0.43 -0.36 -0.39
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 177.33% 192.11% 93.66% 163.70% 106.01% 72.05% -15.51% -1.75% -1.92% -7.77%
Augmented Payout Ratio		 177.33% 192.11% 93.73% 164.18% 106.48% 72.82% -15.59% -1.86% -2.15% -8.21%

Quarterly Metrics And Ratios for Industrial Logistics Properties Trust

This table displays calculated financial ratios and metrics derived from Industrial Logistics Properties Trust's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 65,696,942.00 65,843,823.00 65,843,823.00 65,831,530.00 65,982,514.00 - - 66,142,140.00 66,335,999.00 66,659,235.00 66,653,129.00
DEI Adjusted Shares Outstanding		 65,696,942.00 65,843,823.00 65,843,823.00 65,831,530.00 65,982,514.00 - - 66,142,140.00 66,335,999.00 66,659,235.00 66,653,129.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.55 -0.63 -0.51 -0.51 -0.54 - - -0.46 -0.46 -0.16 -0.27
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 680.11% 0.21% -277.46% 6.08% -3.67% 268.97% 162.60% 3.04% 28.60% -67.23% 26.56%
EBITDA Growth		 1,021.87% 23.83% -830.63% 86.65% -33.20% 484.24% 123.77% -37.75% -16.27% -83.70% 12.51%
EBIT Growth		 57.75% 4.45% -274.34% 8.88% 0.88% 318.40% 79.64% 3.58% 10.67% -132.39% 31.51%
NOPAT Growth		 57.75% 17.46% -274.34% 8.88% 0.88% 1.35% 79.64% 3.58% 10.67% 26.78% 31.51%
Net Income Growth		 56.90% 16.43% 4.63% 8.48% 2.17% 16.96% 8.06% 9.21% 14.05% 69.24% 42.70%
EPS Growth		 42.86% 0.00% 5.26% 12.50% 5.00% 21.28% 8.33% 8.57% 13.16% 94.59% 57.58%
Operating Cash Flow Growth		 251.64% -695.54% 584.58% 14.65% -199.45% -68.20% 42.33% 69.67% 765.51% 160.74% 39.76%
Free Cash Flow Firm Growth		 101.56% 102.22% -100.50% -43.96% 159.68% 60.91% 6,437.22% 55.16% 44.26% 48.28% 36.03%
Invested Capital Growth		 -1.48% -1.93% -1.83% -3.02% -3.15% -2.89% -2.90% -4.57% -4.44% -4.07% -3.79%
Revenue Q/Q Growth		 5.22% 3.97% -270.94% 156.73% -4.46% 298.26% -71.00% -6.63% 19.24% 2.57% 10.83%
EBITDA Q/Q Growth		 163.96% -30.94% -510.76% 124.93% -5.53% 216.02% -83.29% -34.72% 27.07% 19.03% 13.95%
EBIT Q/Q Growth		 6.16% 5.34% -323.69% 75.79% -2.08% 308.57% -139.50% -14.65% 5.42% 22.78% 18.20%
NOPAT Q/Q Growth		 6.16% 5.34% -323.69% 75.79% -2.08% 5.79% 12.55% -14.65% 5.42% 22.78% 18.20%
Net Income Q/Q Growth		 1.06% -14.40% 18.12% 1.25% -5.76% 2.90% 9.34% 2.49% -0.12% 65.25% -68.90%
EPS Q/Q Growth		 0.00% -17.50% 23.40% 2.78% -8.57% 2.63% 10.81% 3.03% -3.13% 93.94% -600.00%
Operating Cash Flow Q/Q Growth		 -63.74% -333.22% 199.81% 35.81% -131.46% -294.46% 184.46% 61.89% 23.39% -64.00% 94.33%
Free Cash Flow Firm Q/Q Growth		 -77.60% 45.30% -102.59% 6,752.65% 3.78% -9.97% 1.95% 62.88% -3.51% -7.46% -6.47%
Invested Capital Q/Q Growth		 -0.73% -0.98% -0.68% -0.67% -0.87% -0.71% -0.69% -2.37% -0.73% -0.32% -0.41%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 80.78% 53.66% 0.00% 56.66% 56.03% 84.97% 48.96% 34.23% 36.48% 42.33% 43.53%
EBIT Margin		 -93.08% -84.74% 0.00% -89.65% -95.78% 50.16% -68.31% -83.89% -66.53% -50.09% -36.97%
Profit (Net Income) Margin		 -91.40% -100.56% 0.00% -83.85% -92.83% -22.63% -70.74% -73.88% -62.04% -21.02% -32.03%
Tax Burden Percent		 98.19% 118.66% 95.25% 93.54% 96.91% 99.88% 103.55% 88.08% 93.24% 41.96% 86.63%
Interest Burden Percent		 100.00% 100.00% 24.08% 100.00% 100.00% -45.17% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -1.85% -1.70% 0.00% -0.58% -0.60% -0.47% -2.46% -3.08% -2.56% -1.24% -0.98%
ROIC Less NNEP Spread (ROIC-NNEP)		 -2.09% -2.10% 0.00% -0.77% -0.83% -0.71% -2.70% -3.23% -2.74% -1.08% -1.06%
Return on Net Nonoperating Assets (RNNOA)		 -6.94% -7.19% 0.00% -2.83% -3.17% -2.83% -11.06% -13.50% -11.91% -4.79% -4.85%
Return on Equity (ROE)		 -8.79% -8.89% 0.00% -3.41% -3.77% -3.30% -13.52% -16.59% -14.48% -6.04% -5.83%
Cash Return on Invested Capital (CROIC)		 -0.49% 0.04% -0.02% 1.24% 1.36% 1.08% 1.15% 2.87% 2.77% 2.50% 2.34%
Operating Return on Assets (OROA)		 -2.59% -2.38% 0.00% -0.81% -0.84% 1.47% -3.46% -4.33% -3.59% -1.75% -1.38%
Return on Assets (ROA)		 -2.54% -2.83% 0.00% -0.76% -0.82% -0.67% -3.58% -3.81% -3.35% -0.73% -1.19%
Return on Common Equity (ROCE)		 -5.20% -5.21% 0.00% -1.98% -2.17% -1.87% -7.62% -9.27% -7.99% -3.32% -3.19%
Return on Equity Simple (ROE_SIMPLE)		 -22.12% 0.00% -23.02% -23.45% -24.61% 0.00% -24.92% -25.30% -25.58% 0.00% -18.61%
Net Operating Profit after Tax (NOPAT)		 -26 -24 -103 -25 -26 -24 -21 -24 -23 -18 -14
NOPAT Margin		 -65.16% -59.32% 0.00% -62.75% -67.05% -15.86% -47.82% -58.72% -46.57% -35.06% -25.88%
Net Nonoperating Expense Percent (NNEP)		 0.24% 0.40% -1.63% 0.20% 0.23% 0.24% 0.23% 0.15% 0.18% -0.17% 0.08%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 193.08% 184.74% 0.00% 189.65% 195.78% 49.84% 168.31% 183.89% 166.53% 150.09% 136.97%
Earnings before Interest and Taxes (EBIT)		 -37 -35 -148 -36 -37 76 -30 -35 -33 -25 -21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 32 22 -91 23 21 129 22 14 18 21 24
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.26 0.44 0.43 0.38 0.52 0.43 0.42 0.57 0.78 0.74 0.78
Price to Tangible Book Value (P/TBV)		 0.41 0.69 0.68 0.60 0.81 0.66 0.65 0.88 1.19 1.12 1.16
Price to Revenue (P/Rev)		 1.18 1.86 5.80 4.72 6.26 1.49 0.82 1.08 1.33 1.97 1.91
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 1.40% 0.90% 0.95% 1.11% 0.86% 1.10% 1.17% 0.89% 1.38% 2.20% 2.84%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.86 0.89 0.89 0.88 0.90 0.89 0.90 0.93 0.94 0.94 0.94
Enterprise Value to Revenue (EV/Rev)		 30.21 30.66 100.56 94.50 98.29 29.44 17.14 17.22 16.76 25.92 24.37
Enterprise Value to EBITDA (EV/EBITDA)		 65.08 61.64 0.00 0.00 0.00 56.55 24.07 25.40 26.17 63.92 61.68
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 309.79 799.81 374.92 333.27 647.07 2,417.82 883.72 369.50 123.55 78.85 73.37
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 2,212.69 0.00 69.90 64.74 81.53 76.62 31.50 33.25 36.73 39.58
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.53 3.71 3.84 3.96 4.13 4.26 4.40 4.43 4.59 4.66 4.74
Long-Term Debt to Equity		 3.53 3.71 3.84 3.96 4.13 4.26 4.40 4.43 4.59 4.66 4.74
Financial Leverage		 3.31 3.43 3.55 3.66 3.81 3.96 4.10 4.18 4.35 4.45 4.56
Leverage Ratio		 4.40 4.51 4.63 4.75 4.90 5.05 5.19 5.27 5.46 5.55 5.66
Compound Leverage Factor		 4.40 4.51 1.12 4.75 4.90 -2.28 5.19 5.27 5.46 5.55 5.66
Debt to Total Capital		 77.94% 78.75% 79.33% 79.84% 80.50% 80.99% 81.47% 81.59% 82.12% 82.32% 82.58%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 77.94% 78.75% 79.33% 79.84% 80.50% 80.99% 81.47% 81.59% 82.12% 82.32% 82.58%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 9.14% 9.00% 8.83% 8.70% 8.54% 8.42% 8.29% 8.33% 8.21% 8.07% 7.96%
Common Equity to Total Capital		 12.92% 12.25% 11.84% 11.46% 10.96% 10.58% 10.23% 10.08% 9.67% 9.61% 9.46%
Debt to EBITDA		 58.68 54.77 -175.52 -306.67 -174.55 51.24 21.89 22.38 22.78 56.02 54.03
Net Debt to EBITDA		 55.65 51.64 -165.89 -288.26 -163.81 48.35 20.69 21.53 21.82 53.58 51.63
Long-Term Debt to EBITDA		 58.68 54.77 -175.52 -306.67 -174.55 51.24 21.89 22.38 22.78 56.02 54.03
Debt to NOPAT		 -38.94 -40.87 -41.97 -42.98 -43.06 -43.16 -44.85 -44.26 -45.54 -48.92 -52.98
Net Debt to NOPAT		 -36.92 -38.54 -39.67 -40.40 -40.41 -40.73 -42.38 -42.59 -43.61 -46.79 -50.63
Long-Term Debt to NOPAT		 -38.94 -40.87 -41.97 -42.98 -43.06 -43.16 -44.85 -44.26 -45.54 -48.92 -52.98
Noncontrolling Interest Sharing Ratio		 40.85% 41.40% 0.00% 41.99% 42.53% 43.26% 43.66% 44.12% 44.80% 44.94% 45.22%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 57 83 -2.15 143 149 134 136 222 214 198 186
Operating Cash Flow to CapEx		 54.06% -138.81% 374.72% 736.09% -134.58% 0.00% 178.99% 567.30% 446.77% 206.72% 513.97%
Free Cash Flow to Firm to Interest Expense		 0.78 1.14 -0.03 1.94 2.01 1.86 1.95 3.27 3.38 3.13 3.01
Operating Cash Flow to Interest Expense		 0.05 -0.11 0.11 0.15 -0.05 -0.19 0.16 0.27 0.36 0.13 0.26
Operating Cash Flow Less CapEx to Interest Expense		 -0.04 -0.19 0.08 0.13 -0.08 -0.18 0.07 0.22 0.28 0.07 0.21
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.01 0.01 0.01 0.03 0.05 0.05 0.05 0.03 0.04
Fixed Asset Turnover		 0.03 0.03 0.01 0.01 0.01 0.03 0.06 0.06 0.06 0.04 0.04
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,522 5,468 5,430 5,394 5,348 5,310 5,273 5,148 5,110 5,094 5,073
Invested Capital Turnover		 0.03 0.03 0.01 0.01 0.01 0.03 0.05 0.05 0.06 0.04 0.04
Increase / (Decrease) in Invested Capital		 -83 -108 -101 -168 -174 -158 -157 -246 -237 -216 -200
Enterprise Value (EV)		 4,773 4,846 4,829 4,755 4,803 4,746 4,723 4,768 4,822 4,784 4,783
Market Capitalization		 187 294 279 237 306 241 227 298 384 363 376
Book Value per Share		 $10.86 $10.17 $9.81 $9.39 $8.88 $8.50 $8.16 $7.85 $7.45 $7.35 $7.20
Tangible Book Value per Share		 $6.98 $6.48 $6.28 $6.05 $5.72 $5.49 $5.28 $5.11 $4.85 $4.88 $4.85
Total Capital		 5,522 5,468 5,430 5,394 5,348 5,310 5,273 5,148 5,110 5,094 5,073
Total Debt		 4,304 4,306 4,308 4,307 4,305 4,301 4,296 4,200 4,197 4,193 4,189
Total Long-Term Debt		 4,304 4,306 4,308 4,307 4,305 4,301 4,296 4,200 4,197 4,193 4,189
Net Debt		 4,081 4,060 4,072 4,048 4,040 4,058 4,059 4,041 4,019 4,010 4,004
Capital Expenditures (CapEx)		 6.35 5.77 2.13 1.47 2.54 -0.44 6.35 3.25 5.08 3.96 3.09
Net Nonoperating Expense (NNE)		 10 17 -70 8.43 9.83 10 10 6.24 7.59 -7.07 3.43
Net Nonoperating Obligations (NNO)		 4,304 4,306 4,308 4,307 4,305 4,301 4,296 4,200 4,197 4,193 4,189
Total Depreciation and Amortization (D&A)		 69 57 57 58 58 53 52 49 51 47 45
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.40) ($0.47) ($0.36) ($0.35) ($0.38) ($0.37) ($0.33) ($0.32) ($0.33) ($0.02) ($0.14)
Adjusted Weighted Average Basic Shares Outstanding		 65.49M 65.43M 65.56M 65.63M 65.77M 65.70M 65.83M 65.93M 66.09M 66.01M 66.18M
Adjusted Diluted Earnings per Share		 ($0.40) ($0.47) ($0.36) ($0.35) ($0.38) ($0.37) ($0.33) ($0.32) ($0.33) ($0.02) ($0.14)
Adjusted Weighted Average Diluted Shares Outstanding		 65.49M 65.43M 65.56M 65.63M 65.77M 65.70M 65.83M 65.93M 66.09M 66.01M 66.18M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 65.84M 65.84M 65.83M 65.98M 66.14M 66.14M 66.14M 66.34M 66.66M 66.65M 66.67M
Normalized Net Operating Profit after Tax (NOPAT)		 -26 -24 -103 -25 -26 -24 -21 -24 -19 -18 -14
Normalized NOPAT Margin		 -65.16% -59.32% 0.00% -62.75% -67.05% -15.86% -47.82% -58.72% -37.90% -35.06% -25.88%
Pre Tax Income Margin		 -93.08% -84.74% 0.00% -89.65% -95.78% -22.66% -68.31% -83.89% -66.53% -50.09% -36.97%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.51 -0.48 -2.02 -0.49 -0.49 1.06 -0.43 -0.51 -0.51 -0.40 -0.33
NOPAT to Interest Expense		 -0.35 -0.33 -1.41 -0.34 -0.35 -0.34 -0.30 -0.36 -0.36 -0.28 -0.23
EBIT Less CapEx to Interest Expense		 -0.59 -0.56 -2.05 -0.51 -0.53 1.07 -0.52 -0.56 -0.59 -0.46 -0.38
NOPAT Less CapEx to Interest Expense		 -0.44 -0.41 -1.44 -0.36 -0.38 -0.33 -0.39 -0.40 -0.44 -0.34 -0.28
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -1.66% -1.75% -1.78% -1.82% -1.83% -1.92% -1.96% -2.01% -4.20% -7.77% -11.93%
Augmented Payout Ratio		 -1.77% -1.86% -1.92% -1.96% -2.05% -2.15% -2.16% -2.23% -4.54% -8.21% -12.45%

Financials Breakdown Chart

Key Financial Trends

Industrial Logistics Properties Trust (NASDAQ: ILPT) remains a highly leveraged real estate trust with large recurring losses, but its quarterly cash flow has shown some improvement in early 2026 compared with prior periods. The latest quarter was still unprofitable on an accounting basis, yet operating cash flow turned positive, which is a constructive sign.

  • Q1 2026 operating cash flow was positive at $15.9 million, up from $8.2 million in Q4 2025 and well above the negative result seen in Q1 2025.
  • Net change in cash and equivalents improved to a $2.8 million increase in Q1 2026, showing the company was modestly building liquidity during the quarter.
  • Cash and cash equivalents rose to $99.5 million at March 31, 2026, from $83.2 million at the end of Q3 2025.
  • Restricted cash also remained substantial at $86.3 million, adding to near-term liquidity resources.
  • The company continues to generate strong non-cash charges such as depreciation and amortization, which help support cash flow even when reported earnings are negative.
  • Quarterly revenue in Q1 2026 totaled $55.8 million, up from $50.3 million in Q4 2025 and $44.1 million in Q1 2025.
  • Non-interest income remained the main revenue driver, while net interest income stayed deeply negative because interest expense far exceeded interest income.
  • The balance sheet remained large, with $5.17 billion in assets and $4.28 billion in liabilities at quarter-end.
  • Common equity increased to $479.7 million in Q1 2026, but that is still small relative to the company’s debt load and total assets.
  • ILPT reported a $17.9 million net loss in Q1 2026, and losses have persisted across the last several years.
  • Interest expense remains very heavy: $61.7 million in Q1 2026 versus only $1.0 million in interest income, keeping net interest income deeply negative.
  • The company carries $4.19 billion of long-term debt, which continues to pressure earnings and financial flexibility.
  • Cash interest paid was $57.2 million in Q1 2026, a large cash burden relative to operating cash flow.
  • Dividend coverage remains weak: the company paid $3.3 million in dividends in Q1 2026 despite continuing net losses.
  • Across 2024 and 2025, quarterly net losses generally ranged from roughly $10 million to $41 million, showing the business has not yet stabilized on an earnings basis.

Overall, ILPT’s latest quarter suggests improving cash generation and some liquidity stability, but the broader story is still dominated by high leverage, heavy interest costs, and ongoing net losses. For retail investors, the key question is whether management can sustain positive operating cash flow long enough to gradually de-risk the balance sheet.

07/13/26 09:41 AM ETAI Generated. May Contain Errors.

Industrial Logistics Properties Trust Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Industrial Logistics Properties Trust's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Industrial Logistics Properties Trust's net income appears to be on an upward trend, with a most recent value of -$102.57 million in 2025, falling from $86.90 million in 2016. The previous period was -$137.17 million in 2024. View Industrial Logistics Properties Trust's forecast to see where analysts expect Industrial Logistics Properties Trust to go next.

Over the last 9 years, Industrial Logistics Properties Trust's total revenue changed from $151.05 million in 2016 to $184.56 million in 2025, a change of 22.2%.

Industrial Logistics Properties Trust's total liabilities were at $4.29 billion at the end of 2025, a 2.5% decrease from 2024, and a 404.9% increase since 2017.

In the past 8 years, Industrial Logistics Properties Trust's cash and equivalents has ranged from $0.00 in 2017 to $131.71 million in 2024, and is currently $94.81 million as of their latest financial filing in 2025.

Over the last 9 years, Industrial Logistics Properties Trust's book value per share changed from 0.00 in 2016 to 7.35 in 2025, a change of 734.6%.


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Financial statements for NASDAQ:ILPT last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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