Industrial Logistics Properties TrustILPT
What Industrial Logistics Properties Trust does.
We are a REIT organized under Maryland law in 2017. We own and lease industrial and logistics properties throughout the United States.
As of December 31, 2025, our portfolio was comprised of 409 properties containing approximately 59,604,000 rentable square feet located in 39 states with 94.5% occupancy, including properties owned by Mountain Industrial REIT LLC, or Mountain JV, or our consolidated joint venture. As of December 31, 2025, we also owned a 22% equity interest in The Industrial Fund REIT LLC, or the unconsolidated joint venture.
As of December 31, 2025, our properties located in 38 of the contiguous states, or our Mainland Properties, represented 72.2% of our annualized rental revenues and our properties located primarily on the island of Oahu, Hawaii, or our Hawaii Properties, represented 27.8% of our annualized rental revenues. We define the term annualized rental revenues used in this Annual Report on Form 10-K as the annualized contractual base rents from our tenants pursuant to our lease agreements as of the measurement date, including straight line rent adjustments and estimated recurring expense reimbursements to be paid to us, and excluding lease value amortization.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Net income | $82.1M | $119.7M | -$226.7M | -$108.0M | -$95.7M | -$66.2M |
| Free cash flow | $108.7M | $105.7M | $65.5M | -$13.4M | -$3.7M | $42.0M |
More on ILPT.
- Industrial Logistics Properties Trust summary
- Industrial Logistics Properties Trust financial statements
- Industrial Logistics Properties Trust key metrics
- Industrial Logistics Properties Trust health scores and style box
- Industrial Logistics Properties Trust earnings
- Industrial Logistics Properties Trust dividends
- Industrial Logistics Properties Trust valuation
- Industrial Logistics Properties Trust ownership and insiders
- Industrial Logistics Properties Trust peers
Figures from Industrial Logistics Properties Trust's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.