Industrial Logis Stock Price, News & Analysis

Industrial Logistics Properties Trust (Nasdaq: ILPT) reported third quarter net income of $0.28 per share, representing a 27.3% year-over-year increase. The company achieved 818,000 square feet of leasing activity with an average rental rate increase of over 20%. Normalized funds from operations (FFO) remained stable at $0.46 per share. Same property cash basis net operating income (NOI) increased by 3.4%. ILPT's portfolio occupancy was 99%, and the company acquired three Class A industrial buildings for $100 million during the quarter.

Industrial Logistics Properties Trust (Nasdaq: ILPT) has announced a quarterly cash distribution of $0.33 per share, translating to $1.32 annually. This distribution will be paid to shareholders of record as of October 25, 2021, with payment expected on or about November 18, 2021. The announcement highlights ILPT's ongoing commitment to providing returns to its investors. However, the company warns that future dividend rates may fluctuate based on various factors, including income and cash availability.

Industrial Logistics Properties Trust (Nasdaq: ILPT) has amended its business management agreement with The RMR Group (Nasdaq: RMR) to replace the SNL U.S. REIT Industrial Index with the MSCI U.S. REIT/Industrial REIT Index for calculating incentive management fees, effective August 1, 2021. Historical returns from the SNL index will be utilized until that date. ILPT owns 291 properties, totaling 35.2 million rentable square feet, and maintains a high lease occupancy rate of approximately 99% with an average lease term of 9.2 years.

Industrial Logistics Properties Trust (Nasdaq: ILPT) will release its third-quarter 2021 financial results after Nasdaq closes on October 27, 2021. A conference call hosted by CEO John Murray, CFO Richard Siedel, and COO Yael Duffy is scheduled for October 28, 2021, at 10:00 a.m. ET. Participants can join via phone or listen through a live audio webcast on the company's website. The replay will be available until November 4, 2021.

The RMR Group Inc. (Nasdaq: RMR) appointed Andrew Fay as Senior Vice President to lead a new capital markets team aimed at sourcing private capital for real estate investments. Fay, with 30 years of financial industry experience, previously led family office services at Fidelity Investments. RMR has successfully attracted nearly $1 billion in investments from sovereign wealth funds, highlighting its strong track record in managing core real estate assets worth over $32 billion. The company expects Fay's expertise to strengthen relationships with ultra-high net worth individuals and institutional investors.

Industrial Logistics Properties Trust (Nasdaq: ILPT) reported strong second quarter results, with occupancy at 99% and 564,000 square feet in leases signed. The company achieved a weighted average rental rate increase of approximately 18% compared to previous rates. Net income for the quarter reached $18.8 million, or $0.29 per diluted share, a significant 26.1% increase from the same period last year. ILPT remains focused on external growth, having recently acquired a property in Columbus, Ohio, while maintaining $530 million in liquidity, positioning itself well for future investments.

Industrial Logistics Properties Trust (Nasdaq: ILPT) announced a regular quarterly cash distribution of $0.33 per share, amounting to $1.32 annually. This distribution will benefit shareholders of record by July 26, 2021, with payments scheduled for August 19, 2021.

As a real estate investment trust, ILPT focuses on owning and leasing industrial properties across the United States. The company's management, The RMR Group, oversees its operations.

Industrial Logistics Properties Trust (Nasdaq: ILPT) will release its second quarter 2021 financial results after market close on July 28, 2021. A conference call featuring CEO John Murray, CFO Richard Siedel, and COO Yael Duffy will follow on July 29, 2021, at 10:00 a.m. ET. Participants can join via telephone or a live audio webcast on the company’s website. A replay will be available until August 5, 2021. ILPT focuses on owning and leasing industrial and logistics properties across the U.S., managed by The RMR Group Inc.

Industrial Logistics Properties Trust (Nasdaq: ILPT) held its 2021 Annual Meeting of Shareholders, where Joseph L. Morea was re-elected as an Independent Trustee with 59.1% approval. Shareholders also approved executive compensation by an advisory vote, garnering 92.9% support. Additionally, Deloitte & Touche LLP was ratified as ILPT’s independent auditors for the 2021 fiscal year, achieving a remarkable 99.7% approval. ILPT operates as a real estate investment trust focused on industrial and logistics properties across the U.S.