Industrial Logistics Properties Trust missed on both lines but the real story is operational: occupancy surged to 99.1% after leasing 2.8 million sq ft of previously vacant space, Normalized FFO soared 48% to $0.31 per share, and management doubled the quarterly dividend to $0.10 after completing a $1.62 billion refinancing that eliminated all variable-rate debt.
Industrial Logistics Properties Trust :
ILPT
ILPT
Stock Data
$9.07
$0.22 (2.49%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - INDUSTRIAL
Industrial Logistics Properties Trust specializes in owning and leasing distribution and logistics properties across the United States. With a portfolio of 411 properties spanning 39 states and covering around 60 million rentable square feet, this real estate investment trust focuses on high-quality assets. A significant portion of its rental income comes from reliable tenants, including those with investment grade ratings or those involved in Hawaii land leases. Managed by The RMR Group, a seasoned asset management firm, ILPT is based in Newton, Massachusetts.
Latest Activity
- 2ILPTIndustrial Logistics Properties Trust Common Shares of Beneficial Interest$0.10/sh$6.7M
- 3SVCService Properties Trust Common Shares of Beneficial Interest$0.05/sh$6.5M
- 4SEVNSeven Hills Realty Trust Common Stock$0.28/sh$6.3M
- 5IMMRImmersion Corporation Common Stock$0.075/sh$2.5M
The RMR Group is paying out $7.2 million in dividends today as five stocks go ex-dividend, meaning new buyers won't receive the upcoming payouts.
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