Saturday 17 October 2026 Export ILPT’s income statement to Excel — free account

Industrial Logistics Properties Trust

Industrial Logistics Properties Trust’s revenue for fiscal 2025 (year ended December 2025) was $448.8 million, up 1.48% from fiscal 2024. In the quarter to June 2026, revenue grew 1.81%, EPS grew 31.3%, free cash flow grew 30.5% and total debt was flat, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three; insiders bought in the last twelve months.

6.82 0.07 −1.02%

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Market cap: $459.9M
P/E: 0.0×
Fwd P/E: −12.0×
Dividend yield: 5.13%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.02

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	1	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 16.65%

Capital & Financial Ratios $m

Market Cap 459.88

Revenue 455.39

Net Income (81.95)

Free Cash Flow 58.17

Net Debt 4,001.94

Current Ratio 4.11

Debt/Equity 4.97

P/E ratio 0.00

Fwd P/E (12.00)

P/S ratio 0.99

P/B ratio 0.54

Past 5Y EPS Growth —

This Y EPS Growth 36.50%

Next Y EPS Growth 28.35%

Next Y revenue growth 3.93%

Next 5Y EPS Growth 22.81%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 40.33%

10-year low 10-year high

P/B against its own 10 years 43.10%

10-year low 10-year high

EV/Sales against its own 10 years 13.99%

10-year low 10-year high

EV/FCF against its own 10 years 35.41%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.35

Annual Dividend Yield 5.13%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.30	0.05 0.05 0.10 0.10
2025	0.12	0.01 0.01 0.05 0.05
2024	0.04	0.01 0.01 0.01 0.01
2023	0.04	0.01 0.01 0.01 0.01
2022	0.68	0.33 0.33 0.01 0.01
2021	1.32	0.33 0.33 0.33 0.33
2020	1.32	0.33 0.33 0.33 0.33
2019	1.32	0.33 0.33 0.33 0.33
2018	0.93	0.27 0.33 0.33
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	246	242	183	182
Receivables	119	129	137	139
Inventory	—	—	—	—
Other	—	—	—	—
	365	372	320	321

	2023	2024	2025	Q'26
Payables	72	77	75	78
ST’ Debt	—	—	—	—
Other	—	—	—	—
	72	77	75	78

Compound Annual Growth %

	10y	5y	3y
Sales	11.74%	12.01%	4.96%
Cash Flow	(3.59%)	(11.94%)	(10.01%)
Earnings	0.00%	0.00%	0.00%
Book Value	(3.85%)	(2.13%)	(12.20%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	116	114	—	—	—
’25	112	112	111	114	449
’24	112	111	109	111	442
’23	110	108	110	109	437
’22	71	107	103	106	388
’21	54	54	55	56	220
’20	64	65	65	60	255

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	16	22	—	—	—
’25	11	18	23	8	61
’24	8	11	(3)	(13)	2
’23	1	9	3	(8)	6
’22	57	24	1	1	83
’21	30	33	26	22	111
’20	29	33	30	22	115

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	13	20	—	—	—
’25	5	15	18	8	46
’24	6	9	(6)	(13)	(4)
’23	(2)	6	(3)	10	11
’22	(3,502)	26	(40)	(8)	(3,524)
’21	29	(2)	(74)	180	133
’20	(44)	33	29	(13)	3

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.14)	(0.22)	—	—	—
’25	(0.33)	(0.32)	(0.33)	(0.03)	(1.00)
’24	(0.36)	(0.35)	(0.38)	(0.37)	(1.46)
’23	(0.38)	(0.40)	(0.40)	(0.48)	(1.65)
’22	(0.10)	(2.20)	(0.70)	(0.48)	(3.47)
’21	0.30	0.29	0.28	0.97	1.83
’20	0.20	0.23	0.22	0.62	1.26

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	17.21	18.03	12.95	21.01	3.05	1.65	3.15	2.45	Analyst estimates 2026–2028 Powerpack
	High	—	—	24.70	23.16	24.37	28.66	25.73	4.98	5.45	6.57
People
People	Employees	—	—	—	—	—	—	—	—	—	—
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income, $m
Income, $m	Revenue	153	157	163	229	255	220	388	437	442	449
	Gross margin, %	88.78	88.58	88.10	86.75	86.18	86.29	86.96	86.27	85.86	86.26
	EBT	87	80	74	52	81	79	(294)	(151)	(142)	(122)
	EBT margin, %	56.71	51.21	45.79	22.69	31.80	35.95	(75.71)	(34.42)	(32.18)	(27.28)
	Net income	87	80	74	52	81	120	(287)	(150)	(137)	(103)
	Depreciation	26	26	29	63	72	52	254	229	226	197
Per share, $
Per share, $	Revenue	3.41	3.48	2.53	3.52	3.91	3.37	5.95	6.68	6.73	6.80
	Earnings	1.93	1.78	1.16	0.81	1.26	1.83	(3.47)	(1.65)	(1.46)	(1.00)
	Cash flow	2.43	2.30	1.51	1.79	1.76	1.70	1.28	0.09	0.03	0.92
	Capex	(0.03)	(0.14)	(1.98)	(13.86)	(1.71)	0.34	(55.28)	0.07	(0.09)	(0.23)
	Free cash flow	2.40	2.16	(0.47)	(12.07)	0.05	2.04	(54.01)	0.17	(0.06)	0.69
	Book value	29.18	12.49	16.03	15.31	15.41	15.93	20.40	17.76	15.36	13.65
	Shares, m	45	45	64	65	65	65	65	65	66	66
Valuation, ×
Valuation, ×	P/E	13.12	13.12	16.96	27.68	18.34	13.61	0.00	0.00	0.00	0.00
	P/S	6.71	6.71	7.76	6.36	5.96	7.42	0.59	0.71	0.54	0.81
	P/B	1.87	1.87	1.23	1.46	1.51	1.57	0.17	0.27	0.24	0.41
	EV/Sales	11.82	11.82	10.55	12.35	9.27	11.06	11.16	9.99	9.72	9.75
	EV/FCF	19.04	19.04	(56.89)	(3.60)	679.73	18.32	(1.23)	399.34	(1,150.70)	95.64
Cash, $m
Cash, $m	Operating cash flow	109	103	97	116	115	111	83	6	2	61
	Capex	(1)	(6)	(127)	(902)	(111)	22	(3,607)	5	(6)	(15)
	Free cash flow	108	97	(30)	(785)	3	133	(3,524)	11	(4)	46
Balance, $m
Balance, $m	Working capital	37	41	55	81	78	78	174	292	295	245
	Total debt	64	799	462	1,407	867	828	4,245	4,306	4,301	4,193
	Net debt	64	799	453	1,372	844	799	4,104	4,060	4,058	4,010
	Shareholders’ equity	1,313	562	1,028	996	1,003	1,038	1,331	1,162	1,009	901
Returns, %
Returns, %	ROA	6.07	5.65	5.05	2.63	3.76	6.26	(5.98)	(1.92)	(1.74)	(1.25)
	ROIC	4.05	3.79	3.81	2.70	3.67	3.49	0.13	1.54	1.71	1.81
	ROE	6.56	8.54	9.35	5.19	8.21	11.73	(19.14)	(8.66)	(8.81)	(6.93)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FR First Industrial Realty Trust, Inc.	$8.1B	21.4×	26.9×	+8.20% (above 0%: growing)	+38.10% (above 0%: growing)	+183.07% (above 0%: growing)	75.40%	45.08%	Compare
LINE Lineage, Inc.	$7.8B	— (loss-making)	— (loss-making)	+0.81% (above 0%: growing)	n/m	+91.92% (above 0%: growing)	31.23%	3.97%	Compare
TRNO Terreno Realty Corporation	$7.0B	17.2×	32.9×	+11.12% (above 0%: growing)	−40.00% (below 0%: shrinking)	−173.91% (below 0%: shrinking)	76.25%	41.77%	Compare
STAG Stag Industrial, Inc.	$6.9B	27.6×	33.3×	+8.08% (above 0%: growing)	+3.70% (above 0%: growing)	−536.34% (below 0%: shrinking)	79.93%	37.04%	Compare
COLD Americold Realty Trust Inc.	$4.0B	— (loss-making)	— (loss-making)	+1.87% (above 0%: growing)	n/m	+63.81% (above 0%: growing)	32.08%	(43.42%)	Compare
LXP LXP Industrial Trust	$3.6B	61.1×	614×	+0.45% (above 0%: growing)	n/m	−175.97% (below 0%: shrinking)	81.64%	16.08%	Compare
SMA Smartstop Self Storage REIT Inc	$2.0B	67.0×	68.8×	+18.65% (above 0%: growing)	n/m	+93.06% (above 0%: growing)	60.10%	22.55%	Compare
IIPR Innovative Industrial Properties, Inc.	$1.5B	11.7×	13.7×	+0.67% (above 0%: growing)	+59.77% (above 0%: growing)	+74.31% (above 0%: growing)	88.63%	65.46%	Compare
ILPT Industrial Logistics Properties Trust	$459.9M	— (loss-making)	— (loss-making)	+1.81% (above 0%: growing)	n/m	+30.53% (above 0%: growing)	85.18%	31.40%
Median of peers	$5.4B	24.5×	33.1×	+4.98%	+20.90%	+69.06%	75.83%	29.80%

All 15 Reit Industrial stocks →

Industrial Logistics Properties Trust (ILPT) key facts

Strength: Industrial Logistics Properties Trust’s revenue for fiscal 2025 (year ended December 2025) was $448.8 million, up 1.48% from fiscal 2024.
Industrial Logistics Properties Trust (ILPT) is a Reit Industrial company in the Real Estate sector, listed on Nasdaq.
As of October 16, 2026, ILPT traded at $6.82, a market capitalization of $459.9 million.
Industrial Logistics Properties Trust pays an annual dividend of $0.35 per share, a yield of 5.13%.
Return on equity was −6.93% and debt-to-equity 4.97.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.