STOCK TITAN

Industrial Logistics Properties Trust Announces Quarterly Dividend on Common Shares

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends

Industrial Logistics Properties Trust (ILPT) has declared a quarterly cash dividend of $0.01 per common share, which equates to an annual distribution of $0.04 per share. This dividend will be paid to shareholders of record as of the close of business on October 28, 2024, with the distribution scheduled for November 14, 2024. ILPT, traded on the Nasdaq under the ticker symbol ILPT, made this announcement as part of its regular dividend policy.

Industrial Logistics Properties Trust (ILPT) ha dichiarato un dividendo in contante trimestrale di $0.01 per azione ordinaria, che corrisponde a una distribuzione annuale di $0.04 per azione. Questo dividendo verrà pagato agli azionisti registrati al chiusura delle operazioni del 28 ottobre 2024, con la distribuzione programmata per il 14 novembre 2024. ILPT, quotato al Nasdaq con il simbolo ticker ILPT, ha fatto questo annuncio nell'ambito della sua politica di dividendi regolare.

Industrial Logistics Properties Trust (ILPT) ha declarado un dividendo en efectivo trimestral de $0.01 por acción ordinaria, lo que equivale a una distribución anual de $0.04 por acción. Este dividendo se pagará a los accionistas inscritos hasta el cierre de operaciones del 28 de octubre de 2024, y la distribución está programada para el 14 de noviembre de 2024. ILPT, que se negocia en el Nasdaq bajo el símbolo de cotización ILPT, hizo este anuncio como parte de su política regular de dividendos.

산업 물류 자산신탁(ILPT)보통주 1주당 $0.01의 분기 현금 배당을 선언했습니다. 이는 주당 연간 배당금 $0.04에 해당합니다. 이 배당금은 2024년 10월 28일 영업 종료 시점의 주주들에게 지급될 예정이며, 분배는 2024년 11월 14일로 예정되어 있습니다. ILPT는 나스닥에 ILPT라는 티커 기호로 상장되어 있으며, 이는 그 정기 배당 정책의 일환으로 발표되었습니다.

Industrial Logistics Properties Trust (ILPT) a déclaré un dividende trimestriel en espèces de 0,01 $ par action ordinaire, ce qui équivaut à une distribution annuelle de 0,04 $ par action. Ce dividende sera versé aux actionnaires enregistrés à la clôture des affaires le 28 octobre 2024, avec une distribution prévue pour le 14 novembre 2024. ILPT, coté au Nasdaq sous le symbole ILPT, a fait cette annonce dans le cadre de sa politique de dividende régulière.

Industrial Logistics Properties Trust (ILPT) hat eine vierteljährliche Barausschüttung von 0,01 $ pro Stammaktie erklärt, was einer jährlichen Ausschüttung von 0,04 $ pro Aktie entspricht. Diese Dividende wird an die Aktionäre ausgezahlt, die am 28. Oktober 2024, am Ende des Geschäftstags, im Aktienregister stehen, mit einer Auszahlung, die für den 14. November 2024 geplant ist. ILPT, das an der Nasdaq unter dem Tickersymbol ILPT gehandelt wird, gab diese Ankündigung im Rahmen seiner regulären Dividendenpolitik bekannt.

Positive
  • Consistent dividend payment indicates financial stability
  • Maintaining dividend policy despite challenging market conditions
Negative
  • Low dividend amount of $0.01 per share quarterly
  • Annual yield of $0.04 per share may be unattractive to income-focused investors

NEWTON, Mass.--(BUSINESS WIRE)-- Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to ILPT’s common shareholders of record as of the close of business on October 28, 2024 and distributed on or about November 14, 2024.

About Industrial Logistics Properties Trust

ILPT is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties. As of June 30, 2024, ILPT’s portfolio consisted of 411 properties containing approximately 59.9 million rentable square feet located in 39 states. Approximately 77% of ILPT’s annualized rental revenues as of June 30, 2024 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management as of June 30, 2024 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. For more information, visit www.ilptreit.com.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon ILPT’s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond ILPT’s control.

For example, this press release states that ILPT’s regular quarterly cash distribution rate is $0.01 per share per quarter or $0.04 per share per year. A possible implication of this statement is that ILPT will continue to pay quarterly distributions of $0.01 per share per quarter or $0.04 per share per year in the future. ILPT’s distribution rate may be set and reset from time to time by ILPT’s Board of Trustees. ILPT’s Board of Trustees considers many factors when setting or resetting ILPT’s distribution rate, including ILPT’s funds from operations attributable to common shareholders, normalized funds from operations attributable to common shareholders, requirements to maintain ILPT’s qualification for taxation as a real estate investment trust, or REIT, limitations in ILPT’s debt agreements, the availability to ILPT of debt and equity capital, ILPT’s dividend yield and its dividend yield compared to the dividend yields of other industrial REITs, ILPT’s expectation of its future capital requirements and operating performance, ILPT’s expected needs for and availability of cash to pay its obligations and other factors deemed relevant by ILPT’s Board of Trustees in its discretion. Accordingly, future distributions to ILPT’s shareholders may be increased or decreased and ILPT cannot be sure as to the rate at which future distributions will be paid.

You should not place undue reliance upon forward-looking statements.

Except as required by law, ILPT does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

Melissa McCarthy, Manager, Investor Relations

(617) 219-1489

Source: Industrial Logistics Properties Trust

FAQ

What is the quarterly dividend amount announced by Industrial Logistics Properties Trust (ILPT)?

Industrial Logistics Properties Trust (ILPT) announced a quarterly cash dividend of $0.01 per common share.

When is the ex-dividend date for ILPT's recently announced dividend?

The press release does not specify the ex-dividend date. Typically, the ex-dividend date is set one business day before the record date, which in this case is October 28, 2024.

What is the annual dividend yield for Industrial Logistics Properties Trust (ILPT) based on the recent announcement?

Based on the announcement, the annual dividend for ILPT is $0.04 per share. The yield would depend on the current stock price, which is not provided in the press release.

When will ILPT pay the announced dividend to shareholders?

ILPT will distribute the dividend on or about November 14, 2024 to shareholders of record as of the close of business on October 28, 2024.

Office Properties Income Trust Common Shares of Beneficial Interest

NASDAQ:OPI

OPI Rankings

OPI Latest News

OPI Stock Data

75.75M
55.78M
2.41%
53.1%
8.26%
REIT - Office
Real Estate
Link
United States of America
NEWTON