Welcome to our dedicated page for Industrial Logis news (Ticker: ILPT), a resource for investors and traders seeking the latest updates and insights on Industrial Logis stock.
Industrial Logistics Properties Trust (ILPT) provides investors and industry professionals with comprehensive coverage of corporate developments in the industrial REIT sector. This dedicated news hub aggregates official press releases and market analyses related to ILPT's strategic operations across mainland U.S. industrial properties and specialized Hawaiian logistics assets.
Access real-time updates on lease agreements, portfolio expansions, and financial performance metrics. The curated content supports informed analysis of ILPT's position within the competitive logistics real estate market, including its management by RMR Group Inc. professionals.
Key updates include earnings announcements, property acquisitions, sustainability initiatives, and partnership developments. All content undergoes strict verification to ensure compliance with financial reporting standards and operational transparency.
Bookmark this page for streamlined access to ILPT's evolving market strategy and industrial property management insights. Regularly updated content helps stakeholders monitor the REIT's performance in essential supply chain infrastructure sectors.
Industrial Logistics Properties Trust (Nasdaq: ILPT) reported strong financial results for Q1 2021, with net income of $19.3 million ($0.30 per diluted share), a 50% increase year-over-year. Normalized FFO rose to $30.7 million ($0.47 per diluted share), up 2.2%. The company successfully executed leases covering 620,000 square feet, achieving rental rates 16% higher than previous rates, with occupancy at 98.6%. ILPT has substantial liquidity of over $550 million and announced the acquisition of a Class A building in Columbus, expected to close in Q2 2021. The dividend remains well covered.
Industrial Logistics Properties Trust (Nasdaq: ILPT) announced a quarterly cash distribution of $0.33 per share, amounting to $1.32 annually. Shareholders of record by April 26, 2021 will receive this payment on or about May 20, 2021.
As a real estate investment trust focused on industrial and logistics properties across the U.S., ILPT's dividends may vary based on various financial factors and are subject to adjustments by its Board of Trustees.
Industrial Logistics Properties Trust (Nasdaq: ILPT) will release its first quarter 2021 financial results on April 26, 2021, after market close. A conference call with CEO John Murray, CFO Richard Siedel, and COO Yael Duffy will take place on April 27, 2021, at 10:00 a.m. ET to discuss the results. Participants can join the call at (877) 418-4826 or (412) 902-6758 for international calls. A replay will be available until May 4, 2021. Investors can also access a live audio webcast on the company’s website.
Industrial Logistics Properties Trust (Nasdaq: ILPT) reported strong financial results for Q4 2020, achieving a net income of $40.3 million ($0.62 per diluted share), a 244.4% increase compared to Q4 2019. The company maintained a stable portfolio occupancy of 98.5% and completed new and renewal leases for 253,000 square feet, with a 14.1% increase in rental rates. A significant acquisition of a 645,000 square foot facility in Kansas City and a reduction in leverage through a joint venture also supported performance. ILPT ended 2020 with over $550 million in liquidity, positioning itself well for future growth.
Industrial Logistics Properties Trust (Nasdaq: ILPT) was recognized as one of the fastest growing middle market companies in Massachusetts by the Boston Business Journal, ranking 49th with total revenues of $229.2 million in 2019. The accolade highlights ILPT's growth as a real estate investment trust focused on industrial and logistics properties across the U.S. CEO John Murray attributed this achievement to the effective management by The RMR Group. Notably, The RMR Group ranked 29th in the same list, demonstrating strong performance in the industry.
Industrial Logistics Properties Trust (Nasdaq: ILPT) will publish its fourth quarter 2020 financial results on February 17, 2021, following the Nasdaq market closure. A conference call featuring CEO John Murray, CFO Richard Siedel, and COO Yael Duffy will take place on February 18, 2021, at 10:00 a.m. Eastern Time to discuss these results. Participants can call in or access the live audio webcast on ILPT's website. The Trust manages industrial and logistics properties in the U.S., supported by The RMR Group Inc. to enhance its operational efficiency.
Industrial Logistics Properties Trust (Nasdaq: ILPT) announced the income tax characterization of dividends for 2020. The total dividend per share for the year is $1.32. Key details include: $0.33 paid on January 16, 2020, April 6, 2020, July 16, 2020, and October 15, 2020. Shareholders should reference IRS Form 1099-DIV for tax reporting purposes. This information, which outlines final income allocations, is intended for tax reporting clarity.
Industrial Logistics Properties Trust (Nasdaq: ILPT) announced a quarterly cash distribution of $0.33 per share ($1.32 per share annually) for its common shares. This distribution will be paid to shareholders of record by January 25, 2021, with payment expected on or around February 18, 2021. ILPT focuses on owning and leasing industrial and logistics properties across the U.S. Future dividends are at the discretion of ILPT’s Board of Trustees, based on various financial factors and market conditions.
Industrial Logistics Properties Trust (Nasdaq: ILPT) has acquired a Class A industrial building in Kansas City, Kansas, for $44 million. This property spans 645,000 rentable square feet and is fully leased for 12 years, offering a 6.5% capitalization rate. The acquisition enhances ILPT's portfolio and diversifies its geographic presence in a key U.S. industrial market. The building, built in 2018, is strategically located with access to transportation infrastructure and additional land for potential future growth.
Industrial Logistics Properties Trust (Nasdaq: ILPT) announced its participation in 1x1 meetings at the Capital One Securities Inaugural REIT Conference on January 11, 2021. Key executives, including President John Murray, CFO Rick Siedel, and COO Yael Duffy, will be available for discussions with institutional investors. Interested parties are encouraged to contact Tara Marasco Smith for meetings. ILPT specializes in owning and leasing industrial and logistics properties across the U.S. and is managed by The RMR Group Inc. (Nasdaq: RMR).
