ILPT · Industrial Logistics Properties Trust
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 30, 2026TL;DR. ILPT reported 51% normalized FFO growth and raised full-year 2026 guidance after a record leasing quarter (5.4M sq ft at 35% spreads) that lifted occupancy to 99%, while also refinancing $1.6B of floating-rate debt into fixed rate and doubling its quarterly dividend.
- + Normalized FFO grew 51% year-over-year to $0.31 per share, in line with guidance.
- + Record leasing quarter of 5.4M sq ft at 35% GAAP rent roll-ups, marking seventh consecutive quarter of double-digit rent growth.
- + Consolidated occupancy rose 450 basis points to 99.1% after leasing previously vacant Indiana and Hawaii properties.
- + Raised full-year 2026 normalized FFO guidance to $1.31–$1.39 per share and Adjusted EBITDAre to $348–$353 million.
- + Refinanced $1.62B of Mountain JV floating-rate debt into 5.71% fixed-rate debt, making 100% of consolidated debt fixed rate with no maturities until 2029.
- + Doubled quarterly dividend to $0.10 per share, reflecting confidence in earnings durability.
- − Net loss attributable to common shareholders of $14.5 million, or $0.22 per share, and net loss expanded sequentially.
- − Leverage remains elevated at 11.5x net debt/EBITDAre and 69.2% net debt/total gross assets.
- − CAD payout ratio jumped to 50% from 29%, driven by elevated leasing commissions from record volume.
- − Hawaii lease includes a three-year free rent period, delaying cash flow recognition from that transaction.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
REIT - Industrial — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ILPT
this stock
Industrial Logistics Properties Trust
|
$517.95M | +40.1% | +1.5% | — | 1.8% |
|
PLD
Prologis, Inc.
|
$126.56B | +6.3% | +7.2% | 34.2 | 1.9% |
|
PSA
Public Storage
|
$52.07B | +14.3% | +2.7% | 28.3 | 3.4% |
|
EXR
Extra Space Storage Inc.
|
$29.08B | +5.7% | +3.7% | 30.5 | 2.1% |
|
EGP
Eastgroup Properties Inc
|
$10.65B | +11.2% | +12.7% | 34.8 | 5.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ILPT | -5.8% | -15.2% | +34.5% | -6.0% | +40.1% |
| SPY | -1.2% | -1.8% | +17.8% | -0.4% | +12.1% |
| vs SPY | -4.7% | -13.4% | +16.7% | -5.6% | +28.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.