Industrial Logistics Properties Trust (ILPT) Financials

$8.61 0.00 (0.00%)

Closing price 07/31/2026 04:00 PM Eastern

Extended Trading

$8.59 -0.02 (-0.23%)

As of 07/31/2026 07:34 PM Eastern

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

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-31	-23	-23	-25	-24	-22	-21	-22	-1.78	-9.43	-14
Consolidated Net Income / (Loss)	-41	-34	-33	-35	-34	-31	-30	-30	-11	-18	-23
Net Income / (Loss) Continuing Operations	-41	-34	-33	-35	-34	-31	-30	-30	-11	-18	-23
Total Pre-Tax Income	-35	-36	-36	-37	-34	-30	-35	-33	-25	-21	-26
Total Revenue	41	-70	40	38	152	44	-71	49	50	56	53
Net Interest Income / (Expense)	-70	-70	-71	-71	-69	-68	-66	-62	-62	-61	-58
Total Interest Income	2.57	2.85	2.94	3.13	2.51	1.97	2.02	1.59	1.14	1.04	3.38
Investment Securities Interest Income	2.57	2.85	2.94	3.13	2.51	1.97	2.02	1.59	1.14	1.04	3.38
Total Interest Expense	73	73	74	74	72	70	68	63	63	62	61
Long-Term Debt Interest Expense	73	73	74	74	72	70	68	63	63	62	61
Total Non-Interest Income	112	0.00	111	109	221	112	-5.07	111	113	116	110
Net Realized & Unrealized Capital Gains on Investments	2.68	-	0.00	0.00	-	-	-5.07	0.00	-	-	-3.83
Other Non-Interest Income	109	-	111	109	-	112	-	111	114	116	114
Total Non-Interest Expense	76	77	76	75	76	74	76	82	76	76	78
Other Operating Expenses	31	34	32	31	34	33	34	35	34	36	38
Depreciation Expense	44	44	43	43	42	42	41	41	41	41	41
Income Tax Expense	-0.01	0.03	0.04	0.03	0.06	0.03	0.03	0.03	0.02	0.11	0.06
Other Gains / (Losses), net	-6.52	1.72	2.35	1.16	0.10	-1.04	4.14	2.24	15	2.87	2.70
Net Income / (Loss) Attributable to Noncontrolling Interest	-10	-10	-10	-10	-10	-9.64	-9.08	-8.87	-8.79	-8.43	-8.63
Basic Earnings per Share	($0.47)	($0.36)	($0.35)	($0.38)	($0.37)	($0.33)	($0.32)	($0.33)	($0.02)	($0.14)	($0.22)
Weighted Average Basic Shares Outstanding	65.43M	65.56M	65.63M	65.77M	65.70M	65.83M	65.93M	66.09M	66.01M	66.18M	66.22M
Diluted Earnings per Share	($0.47)	($0.36)	($0.35)	($0.38)	($0.37)	($0.33)	($0.32)	($0.33)	($0.02)	($0.14)	($0.22)
Weighted Average Diluted Shares Outstanding	65.43M	65.56M	65.63M	65.77M	65.70M	65.83M	65.93M	66.09M	66.01M	66.18M	66.22M
Weighted Average Basic & Diluted Shares Outstanding	65.84M	65.83M	65.98M	66.14M	66.14M	66.14M	66.34M	66.66M	66.65M	66.67M	66.75M

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

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	23	-9.25	22	6.36	-22	-5.78	-78	19	5.33	2.76	-3.98
Net Cash From Operating Activities	-8.00	7.99	11	-3.41	-13	11	18	23	8.18	16	22
Net Cash From Continuing Operating Activities	-8.00	7.99	11	-3.41	-13	11	18	23	8.18	16	22
Net Income / (Loss) Continuing Operations	-41	-34	-33	-35	-34	-31	-30	-30	-11	-18	-23
Consolidated Net Income / (Loss)	-41	-34	-33	-35	-34	-31	-30	-30	-11	-18	-23
Depreciation Expense	32	32	32	32	32	32	32	32	32	32	32
Amortization Expense	25	26	27	26	21	20	17	19	14	13	11
Non-Cash Adjustments to Reconcile Net Income	-15	-20	-21	-20	-14	-11	-8.76	-5.71	-20	-6.10	0.44
Changes in Operating Assets and Liabilities, net	-9.07	5.23	7.20	-6.41	-18	1.55	8.97	8.32	-8.11	-5.04	2.07
Net Cash From Investing Activities	36	-12	16	15	-3.63	-12	5.92	4.41	5.32	-4.70	3.49
Net Cash From Continuing Investing Activities	36	-12	16	15	-3.63	-12	5.92	4.41	5.32	-4.70	3.49
Purchase of Property, Leasehold Improvements and Equipment	-5.77	-2.13	-1.47	-2.54	0.44	-6.35	-3.25	-5.08	-3.96	-3.09	-2.24
Sale and/or Maturity of Investments	42	17	18	18	13	9.67	9.17	9.50	9.27	2.12	5.73
Net Cash From Financing Activities	-5.10	-5.47	-5.18	-5.63	-5.36	-5.46	-102	-8.49	-8.17	-8.44	-29
Net Cash From Continuing Financing Activities	-5.10	-5.47	-5.18	-5.63	-5.36	-5.46	-102	-8.49	-8.17	-8.44	-29
Repayment of Debt	-4.43	-4.47	-4.51	-4.55	-4.59	-4.77	-1,245	-4.72	-4.76	-4.94	-1,631
Repurchase of Common Equity	-0.00	-0.05	-0.01	-0.25	-0.00	-0.00	-0.03	-0.40	-0.02	-0.02	-0.03
Payment of Dividends	-0.66	-0.66	-0.66	-0.66	-0.66	-0.66	-0.66	-3.32	-3.33	-3.33	-3.33
Other Financing Activities, Net	-0.01	-0.29	-	-0.16	-0.11	-0.03	-17	-0.05	-0.05	-0.15	-15
Cash Interest Paid	19	60	59	59	60	60	55	63	57	57	60

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

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	Q2 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	6/30/2026
Total Assets	5,634	5,528	5,490	5,455	5,364	5,239	5,219	5,167	5,123
Cash and Due from Banks	83	128	146	154	108	59	83	100	135
Restricted Cash	139	108	112	111	129	101	95	86	46
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	4,766	4,742	4,713	4,684	4,625	4,573	4,536	4,501	4,473
Intangible Assets	255	232	220	209	190	181	172	156	148
Other Assets	391	318	298	297	311	325	333	324	319
Total Liabilities & Shareholders' Equity	5,634	5,528	5,490	5,455	5,364	5,239	5,219	5,167	5,123
Total Liabilities	4,416	4,405	4,402	4,412	4,387	4,291	4,305	4,283	4,282
Long-Term Debt	4,304	4,308	4,307	4,305	4,296	4,200	4,197	4,189	4,184
Other Long-Term Liabilities	113	97	95	107	91	90	108	94	98
Commitments & Contingencies	0.00	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	841
Total Preferred & Common Equity	714	643	618	586	540	519	494	480	462
Total Common Equity	714	643	618	586	540	519	494	480	462
Common Stock	651	650	650	650	649	649	646	640	638
Retained Earnings	40	-14	-37	-62	-108	-129	-151	-162	-177
Accumulated Other Comprehensive Income / (Loss)	22	7.21	5.24	-1.75	-1.61	-0.90	-1.28	1.60	0.00
Noncontrolling Interest	505	479	469	457	437	429	420	404	380

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%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
DEI Shares Outstanding	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	66,665,471.00
DEI Adjusted Shares Outstanding	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	66,665,471.00
DEI Earnings Per Adjusted Shares Outstanding	-0.63	-0.51	-0.51	-0.54	-	-	-0.46	-0.46	-0.16	-0.27	-0.35
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.21%	-277.46%	6.08%	-3.67%	268.97%	162.60%	3.04%	28.60%	-67.23%	26.56%	174.07%
EBITDA Growth	23.83%	-830.63%	86.65%	-33.20%	484.24%	123.77%	-37.75%	-16.27%	-83.70%	12.51%	117.23%
EBIT Growth	4.45%	-274.34%	8.88%	0.88%	318.40%	79.64%	3.58%	10.67%	-132.39%	31.51%	82.45%
NOPAT Growth	17.46%	-274.34%	8.88%	0.88%	1.35%	79.64%	3.58%	10.67%	26.78%	31.51%	82.45%
Net Income Growth	16.43%	4.63%	8.48%	2.17%	16.96%	8.06%	9.21%	14.05%	69.24%	42.70%	24.04%
EPS Growth	0.00%	5.26%	12.50%	5.00%	21.28%	8.33%	8.57%	13.16%	94.59%	57.58%	31.25%
Operating Cash Flow Growth	-695.54%	584.58%	14.65%	-199.45%	-68.20%	42.33%	69.67%	765.51%	160.74%	39.76%	19.70%
Free Cash Flow Firm Growth	102.22%	-100.50%	-43.96%	159.68%	60.91%	6,437.22%	55.16%	44.26%	48.28%	36.03%	-26.80%
Invested Capital Growth	-1.93%	-1.83%	-3.02%	-3.15%	-2.89%	-2.90%	-4.57%	-4.44%	-4.07%	-3.79%	-2.39%
Revenue Q/Q Growth	3.97%	-270.94%	156.73%	-4.46%	298.26%	-71.00%	-6.63%	19.24%	2.57%	10.83%	-5.74%
EBITDA Q/Q Growth	-30.94%	-510.76%	124.93%	-5.53%	216.02%	-83.29%	-34.72%	27.07%	19.03%	13.95%	-30.43%
EBIT Q/Q Growth	5.34%	-323.69%	75.79%	-2.08%	308.57%	-139.50%	-14.65%	5.42%	22.78%	18.20%	-24.81%
NOPAT Q/Q Growth	5.34%	-323.69%	75.79%	-2.08%	5.79%	12.55%	-14.65%	5.42%	22.78%	18.20%	-24.81%
Net Income Q/Q Growth	-14.40%	18.12%	1.25%	-5.76%	2.90%	9.34%	2.49%	-0.12%	65.25%	-68.90%	-29.28%
EPS Q/Q Growth	-17.50%	23.40%	2.78%	-8.57%	2.63%	10.81%	3.03%	-3.13%	93.94%	-600.00%	-57.14%
Operating Cash Flow Q/Q Growth	-333.22%	199.81%	35.81%	-131.46%	-294.46%	184.46%	61.89%	23.39%	-64.00%	94.33%	38.65%
Free Cash Flow Firm Q/Q Growth	45.30%	-102.59%	6,752.65%	3.78%	-9.97%	1.95%	62.88%	-3.51%	-7.46%	-6.47%	-43.32%
Invested Capital Q/Q Growth	-0.98%	-0.68%	-0.67%	-0.87%	-0.71%	-0.69%	-2.37%	-0.73%	-0.32%	-0.41%	-0.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	53.66%	0.00%	56.66%	56.03%	84.97%	48.96%	34.23%	36.48%	42.33%	43.53%	32.13%
EBIT Margin	-84.74%	0.00%	-89.65%	-95.78%	50.16%	-68.31%	-83.89%	-66.53%	-50.09%	-36.97%	-48.96%
Profit (Net Income) Margin	-100.56%	0.00%	-83.85%	-92.83%	-22.63%	-70.74%	-73.88%	-62.04%	-21.02%	-32.03%	-43.93%
Tax Burden Percent	118.66%	95.25%	93.54%	96.91%	99.88%	103.55%	88.08%	93.24%	41.96%	86.63%	89.73%
Interest Burden Percent	100.00%	24.08%	100.00%	100.00%	-45.17%	100.00%	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)	-1.70%	0.00%	-0.58%	-0.60%	-0.47%	-2.46%	-3.08%	-2.56%	-1.24%	-0.98%	-2.15%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.10%	0.00%	-0.77%	-0.83%	-0.71%	-2.70%	-3.23%	-2.74%	-1.08%	-1.06%	-2.28%
Return on Net Nonoperating Assets (RNNOA)	-7.19%	0.00%	-2.83%	-3.17%	-2.83%	-11.06%	-13.50%	-11.91%	-4.79%	-4.85%	-10.66%
Return on Equity (ROE)	-8.89%	0.00%	-3.41%	-3.77%	-3.30%	-13.52%	-16.59%	-14.48%	-6.04%	-5.83%	-12.82%
Cash Return on Invested Capital (CROIC)	0.04%	-0.02%	1.24%	1.36%	1.08%	1.15%	2.87%	2.77%	2.50%	2.34%	0.99%
Operating Return on Assets (OROA)	-2.38%	0.00%	-0.81%	-0.84%	1.47%	-3.46%	-4.33%	-3.59%	-1.75%	-1.38%	-3.02%
Return on Assets (ROA)	-2.83%	0.00%	-0.76%	-0.82%	-0.67%	-3.58%	-3.81%	-3.35%	-0.73%	-1.19%	-2.71%
Return on Common Equity (ROCE)	-5.21%	0.00%	-1.98%	-2.17%	-1.87%	-7.62%	-9.27%	-7.99%	-3.32%	-3.19%	-7.03%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-23.02%	-23.45%	-24.61%	0.00%	-24.92%	-25.30%	-25.58%	0.00%	-18.61%	-17.75%
Net Operating Profit after Tax (NOPAT)	-24	-103	-25	-26	-24	-21	-24	-23	-18	-14	-18
NOPAT Margin	-59.32%	0.00%	-62.75%	-67.05%	-15.86%	-47.82%	-58.72%	-46.57%	-35.06%	-25.88%	-34.27%
Net Nonoperating Expense Percent (NNEP)	0.40%	-1.63%	0.20%	0.23%	0.24%	0.23%	0.15%	0.18%	-0.17%	0.08%	0.12%
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	184.74%	0.00%	189.65%	195.78%	49.84%	168.31%	183.89%	166.53%	150.09%	136.97%	148.96%
Earnings before Interest and Taxes (EBIT)	-35	-148	-36	-37	76	-30	-35	-33	-25	-21	-26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	22	-91	23	21	129	22	14	18	21	24	17
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.44	0.43	0.38	0.52	0.43	0.42	0.57	0.78	0.74	0.78	1.27
Price to Tangible Book Value (P/TBV)	0.69	0.68	0.60	0.81	0.66	0.65	0.88	1.19	1.12	1.16	1.87
Price to Revenue (P/Rev)	1.86	5.80	4.72	6.26	1.49	0.82	1.08	1.33	1.97	1.91	1.83
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	0.90%	0.95%	1.11%	0.86%	1.10%	1.17%	0.89%	1.38%	2.20%	2.84%	2.28%
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)	0.89	0.89	0.88	0.90	0.89	0.90	0.93	0.94	0.94	0.94	0.99
Enterprise Value to Revenue (EV/Rev)	30.66	100.56	94.50	98.29	29.44	17.14	17.22	16.76	25.92	24.37	15.53
Enterprise Value to EBITDA (EV/EBITDA)	61.64	0.00	0.00	0.00	56.55	24.07	25.40	26.17	63.92	61.68	25.81
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	627.67
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)	799.81	374.92	333.27	647.07	2,417.82	883.72	369.50	123.55	78.85	73.37	72.16
Enterprise Value to Free Cash Flow (EV/FCFF)	2,212.69	0.00	69.90	64.74	81.53	76.62	31.50	33.25	36.73	39.58	98.86
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.71	3.84	3.96	4.13	4.26	4.40	4.43	4.59	4.66	4.74	4.97
Long-Term Debt to Equity	3.71	3.84	3.96	4.13	4.26	4.40	4.43	4.59	4.66	4.74	4.97
Financial Leverage	3.43	3.55	3.66	3.81	3.96	4.10	4.18	4.35	4.45	4.56	4.69
Leverage Ratio	4.51	4.63	4.75	4.90	5.05	5.19	5.27	5.46	5.55	5.66	5.79
Compound Leverage Factor	4.51	1.12	4.75	4.90	-2.28	5.19	5.27	5.46	5.55	5.66	5.79
Debt to Total Capital	78.75%	79.33%	79.84%	80.50%	80.99%	81.47%	81.59%	82.12%	82.32%	82.58%	83.26%
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	78.75%	79.33%	79.84%	80.50%	80.99%	81.47%	81.59%	82.12%	82.32%	82.58%	83.26%
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	9.00%	8.83%	8.70%	8.54%	8.42%	8.29%	8.33%	8.21%	8.07%	7.96%	7.55%
Common Equity to Total Capital	12.25%	11.84%	11.46%	10.96%	10.58%	10.23%	10.08%	9.67%	9.61%	9.46%	9.19%
Debt to EBITDA	54.77	-175.52	-306.67	-174.55	51.24	21.89	22.38	22.78	56.02	54.03	21.74
Net Debt to EBITDA	51.64	-165.89	-288.26	-163.81	48.35	20.69	21.53	21.82	53.58	51.63	20.80
Long-Term Debt to EBITDA	54.77	-175.52	-306.67	-174.55	51.24	21.89	22.38	22.78	56.02	54.03	21.74
Debt to NOPAT	-40.87	-41.97	-42.98	-43.06	-43.16	-44.85	-44.26	-45.54	-48.92	-52.98	-57.37
Net Debt to NOPAT	-38.54	-39.67	-40.40	-40.41	-40.73	-42.38	-42.59	-43.61	-46.79	-50.63	-54.87
Long-Term Debt to NOPAT	-40.87	-41.97	-42.98	-43.06	-43.16	-44.85	-44.26	-45.54	-48.92	-52.98	-57.37
Noncontrolling Interest Sharing Ratio	41.40%	0.00%	41.99%	42.53%	43.26%	43.66%	44.12%	44.80%	44.94%	45.22%	45.18%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	83	-2.15	143	149	134	136	222	214	198	186	105
Operating Cash Flow to CapEx	-138.81%	374.72%	736.09%	-134.58%	0.00%	178.99%	567.30%	446.77%	206.72%	513.97%	983.27%
Free Cash Flow to Firm to Interest Expense	1.14	-0.03	1.94	2.01	1.86	1.95	3.27	3.38	3.13	3.01	1.72
Operating Cash Flow to Interest Expense	-0.11	0.11	0.15	-0.05	-0.19	0.16	0.27	0.36	0.13	0.26	0.36
Operating Cash Flow Less CapEx to Interest Expense	-0.19	0.08	0.13	-0.08	-0.18	0.07	0.22	0.28	0.07	0.21	0.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.01	0.01	0.01	0.03	0.05	0.05	0.05	0.03	0.04	0.06
Fixed Asset Turnover	0.03	0.01	0.01	0.01	0.03	0.06	0.06	0.06	0.04	0.04	0.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,468	5,430	5,394	5,348	5,310	5,273	5,148	5,110	5,094	5,073	5,025
Invested Capital Turnover	0.03	0.01	0.01	0.01	0.03	0.05	0.05	0.06	0.04	0.04	0.06
Increase / (Decrease) in Invested Capital	-108	-101	-168	-174	-158	-157	-246	-237	-216	-200	-123
Enterprise Value (EV)	4,846	4,829	4,755	4,803	4,746	4,723	4,768	4,822	4,784	4,783	4,966
Market Capitalization	294	279	237	306	241	227	298	384	363	376	585
Book Value per Share	$10.17	$9.81	$9.39	$8.88	$8.50	$8.16	$7.85	$7.45	$7.35	$7.20	$6.93
Tangible Book Value per Share	$6.48	$6.28	$6.05	$5.72	$5.49	$5.28	$5.11	$4.85	$4.88	$4.85	$4.70
Total Capital	5,468	5,430	5,394	5,348	5,310	5,273	5,148	5,110	5,094	5,073	5,025
Total Debt	4,306	4,308	4,307	4,305	4,301	4,296	4,200	4,197	4,193	4,189	4,184
Total Long-Term Debt	4,306	4,308	4,307	4,305	4,301	4,296	4,200	4,197	4,193	4,189	4,184
Net Debt	4,060	4,072	4,048	4,040	4,058	4,059	4,041	4,019	4,010	4,004	4,002
Capital Expenditures (CapEx)	5.77	2.13	1.47	2.54	-0.44	6.35	3.25	5.08	3.96	3.09	2.24
Net Nonoperating Expense (NNE)	17	-70	8.43	9.83	10	10	6.24	7.59	-7.07	3.43	5.08
Net Nonoperating Obligations (NNO)	4,306	4,308	4,307	4,305	4,301	4,296	4,200	4,197	4,193	4,189	4,184
Total Depreciation and Amortization (D&A)	57	57	58	58	53	52	49	51	47	45	43
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.47)	($0.36)	($0.35)	($0.38)	($0.37)	($0.33)	($0.32)	($0.33)	($0.02)	($0.14)	($0.22)
Adjusted Weighted Average Basic Shares Outstanding	65.43M	65.56M	65.63M	65.77M	65.70M	65.83M	65.93M	66.09M	66.01M	66.18M	66.22M
Adjusted Diluted Earnings per Share	($0.47)	($0.36)	($0.35)	($0.38)	($0.37)	($0.33)	($0.32)	($0.33)	($0.02)	($0.14)	($0.22)
Adjusted Weighted Average Diluted Shares Outstanding	65.43M	65.56M	65.63M	65.77M	65.70M	65.83M	65.93M	66.09M	66.01M	66.18M	66.22M
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	65.83M	65.98M	66.14M	66.14M	66.14M	66.34M	66.66M	66.65M	66.67M	66.75M
Normalized Net Operating Profit after Tax (NOPAT)	-24	-103	-25	-26	-24	-21	-24	-19	-18	-14	-18
Normalized NOPAT Margin	-59.32%	0.00%	-62.75%	-67.05%	-15.86%	-47.82%	-58.72%	-37.90%	-35.06%	-25.88%	-34.27%
Pre Tax Income Margin	-84.74%	0.00%	-89.65%	-95.78%	-22.66%	-68.31%	-83.89%	-66.53%	-50.09%	-36.97%	-48.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.48	-2.02	-0.49	-0.49	1.06	-0.43	-0.51	-0.51	-0.40	-0.33	-0.42
NOPAT to Interest Expense	-0.33	-1.41	-0.34	-0.35	-0.34	-0.30	-0.36	-0.36	-0.28	-0.23	-0.29
EBIT Less CapEx to Interest Expense	-0.56	-2.05	-0.51	-0.53	1.07	-0.52	-0.56	-0.59	-0.46	-0.38	-0.46
NOPAT Less CapEx to Interest Expense	-0.41	-1.44	-0.36	-0.38	-0.33	-0.39	-0.40	-0.44	-0.34	-0.28	-0.33
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-1.75%	-1.78%	-1.82%	-1.83%	-1.92%	-1.96%	-2.01%	-4.20%	-7.77%	-11.93%	-16.25%
Augmented Payout Ratio	-1.86%	-1.92%	-1.96%	-2.05%	-2.15%	-2.16%	-2.23%	-4.54%	-8.21%	-12.45%	-16.82%

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.

08/03/26 04:47 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. Find out what analysts predict for Industrial Logistics Properties Trust in the coming months.

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 7/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Industrial Logistics Properties Trust (ILPT) Financials

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Industrial Logistics Properties Trust (ILPT) Financials

Annual Income Statements for Industrial Logistics Properties Trust

Quarterly Income Statements for Industrial Logistics Properties Trust

Annual Cash Flow Statements for Industrial Logistics Properties Trust

Quarterly Cash Flow Statements for Industrial Logistics Properties Trust

Annual Balance Sheets for Industrial Logistics Properties Trust

Quarterly Balance Sheets for Industrial Logistics Properties Trust

Annual Metrics And Ratios for Industrial Logistics Properties Trust

Quarterly Metrics And Ratios for Industrial Logistics Properties Trust

Financials Breakdown Chart

Key Financial Trends

Industrial Logistics Properties Trust Financials - Frequently Asked Questions

When does Industrial Logistics Properties Trust's fiscal year end?

How has Industrial Logistics Properties Trust's net income changed over the last 9 years?

How has Industrial Logistics Properties Trust's revenue changed over the last 9 years?

How much debt does Industrial Logistics Properties Trust have?

How much cash does Industrial Logistics Properties Trust have?

How has Industrial Logistics Properties Trust's book value per share changed over the last 9 years?

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