Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (ILPT) is a real estate investment trust focused on owning and leasing high quality industrial and logistics properties across the United States. As of June 30, 2026, ILPT's portfolio consisted of 409 properties containing approximately 59.6 million rentable square feet located in 39 states, with 99.1% occupancy. Approximately 79% of annualized rental revenues are derived from investment grade tenants, subsidiaries of investment grade rated entities, or Hawaii land leases, with FedEx Corporation being the largest tenant at 27.7% of annualized rental revenues. The company operates through wholly owned properties (including 88 mainland properties and 226 Hawaii properties) and a 61% consolidated joint venture, Mountain Industrial REIT LLC (94 properties in 27 states), as well as a 22% unconsolidated joint venture, The Industrial Fund REIT LLC (18 properties in 12 states). ILPT is externally managed by The RMR Group (Nasdaq: RMR), a U.S. alternative asset management company with over $37 billion in assets under management. The company's total debt of $4.221 billion is 100% fixed rate and interest only, with no maturities until 2029. Updated Jul 29, 2026