Industrial Logistics Properties Trust is a US-listed company in the industrial REITs industry. Its financial year ends in December.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to September 2026 was $229m.
Our model value for Industrial Logistics Properties Trust is under review, so past values are not shown until it is resolved.
Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 229% in the quarter to 2026-09-30.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
No model value for Industrial Logistics Properties Trust at the moment. Current status: data-quality checks not passed. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Industrial Logistics Properties Trust as an equity reit, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.79 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. | ~$4.3 ~$3.7–$5.1 | Primary model, counts double |
| Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Industrial Logistics Properties Trust with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$0.64 | +37% | $467m | +4% |
| Next | −$0.46 | +28% | $480m | +3% |
The consensus EPS forecast for the current fiscal year is −11.8% on 90 days ago. In the last 30 days, 1 analyst raised Industrial Logistics Properties Trust's forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | −$0.72 | −$0.64 |
| 60 days ago | −$0.72 | −$0.64 |
| 30 days ago | −$0.72 | −$0.64 |
| 7 days ago | −$0.65 | −$0.53 |
| Now | −$0.64 | −$0.46 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Sept 2026 | −$0.14 | −$0.46 | −228.6% |
| Jun 2026 | −$0.19 | −$0.22 | −15.8% |
| Mar 2026 | −$0.20 | −$0.14 | +30.0% |
| Dec 2025 | $0.07 | −$0.03 | −142.9% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| ILPT | +13% | −87% | +46% | −22% | +56% | +24% |
| Industry peers (median) | +60% | −31% | +13% | −10% | +9% | +8% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| ILPT | 75% | 8% | 42% | 33% | 50% | 27% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| ILPT | −23% | −88% | −65% | −37% | −38% | −28% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since January 12, 2018: 94% from October 28, 2021 to May 16, 2023. Getting back needed a 1509% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 28, 2026 | −5.4% | 0.0% | — | — |
| July 29, 2026 | −6.4% | +0.1% | −3.3% | −8.1% |
| April 29, 2026 | −2.7% | +1.0% | +2.9% | +17.4% |
| February 18, 2026 | +4.5% | +0.2% | +8.0% | +10.7% |
| January 14, 2026 | +0.5% | −0.2% | −4.0% | −8.2% |
| October 28, 2025 | −10.4% | +0.3% | −10.2% | −6.0% |
| July 29, 2025 | −0.9% | −0.4% | +13.4% | +10.7% |
| April 29, 2025 | −1.5% | +0.7% | +8.3% | +25.2% |
| February 18, 2025 | −3.5% | +0.5% | −3.5% | −10.5% |
| October 29, 2024 | −7.6% | −0.1% | −7.8% | −2.3% |
| July 30, 2024 | +2.4% | +1.1% | −4.8% | +1.0% |
| April 30, 2024 | +10.7% | −1.9% | +13.4% | +5.5% |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY18 Q4 | $162.5M |
| FY19 Q1 | $167.9M |
| FY19 Q2 | $188.6M |
| FY19 Q3 | $209.1M |
| FY19 Q4 | $229.2M |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY18 Q4 | 56.5% |
| FY19 Q1 | 58.9% |
| FY19 Q2 | 57.7% |
| FY19 Q3 | 50.2% |
| FY19 Q4 | 43.2% |
| Last 12 months unless stated | ILPT | LXP | TRNO | FIP | EGP | FR | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $229m | $352m | $503m | $659m | $770m | $775m | $775m |
| Revenue growth, last 12 months | 41.0% | −3.5% | 18.0% | 72.3% | 10.4% | 8.5% | 8.5% |
| Revenue growth, 3-year average | — | 1.3% | 18.7% | 28.8% | 11.8% | 8.8% | 8.8% |
| Revenue growth, latest quarter | 47.8% | 4.5% | 11.1% | 52.7% | 9.5% | 8.6% | 8.6% |
| Net margin | 22.9% | 34.3% | 77.3% | −84.0% | 41.0% | 46.1% | 29.9% |
| Cash from operations / revenue | 50.7% | 53.1% | 57.0% | −8.7% | 70.4% | 56.9% | 53.1% |
| Free-cash-flow margin | 43.2% | −2.1% | 43.1% | −48.3% | 62.9% | 31.1% | 26.8% |
| Free-cash-flow margin, 3-year average | — | 1.1% | 44.2% | −47.0% | 56.0% | 30.1% | 23.9% |
| Stock pay / revenue | — | — | 3.6% | 3.8% | 1.6% | 2.9% | 2.2% |
| Change in share count | 0.5% | −1.2% | 4.3% | −0.7% | 3.0% | 0.1% | 0.5% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $51.2M | 5.8M | 16.2% | ▲ 5.5% |
| Vanguard Portfolio Management LLC | $25.8M | 2.9M | 8.2% | ▲ 811.9% |
| Vanguard Capital Management LLC | $24.5M | 2.8M | 7.8% | ▲ 8.1% |
| Nantahala Capital Management, LLC | $19.7M | 2.2M | 6.3% | ▲ 32.4% |
| Castleknight Management LP | $14.7M | 1.7M | 4.7% | ▼ 12.4% |
| Geode Capital Management, LLC | $14.6M | 1.6M | 4.6% | ▲ 17.9% |
| LSV Asset Management | $11.5M | 1.3M | 3.6% | ▲ 14.1% |
| State Street Corp | $11M | 1.2M | 3.5% | ▲ 7.2% |
| D. E. Shaw & Co., Inc. | $10.8M | 1.2M | 3.4% | ▼ 11.5% |
| Umb Bank, N.A. | $10.2M | 1.2M | 3.2% | ▼ 9.9% |
| Two Sigma Investments, LP | $7.9M | 895K | 2.5% | ▲ 44.9% |
| Morgan Stanley | $5.3M | 601K | 1.7% | ▲ 47.7% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Industrial Logistics Properties Trust's complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Phelan Kevin C Director | May 22, 2026 | Buy | 2,000 | $8.87 | $17,736 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
No trades in Industrial Logistics Properties Trust disclosed in the last 12 months; 6 earlier trades on record.
Next expected around January 20, 2027 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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