Industrial Logis Stock Price, News & Analysis

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).

Industrial Logistics Properties Trust (Nasdaq: ILPT) has entered an agreement with a top-tier global sovereign wealth fund for a 39% equity interest in a joint venture of 12 mainland properties, valued at approximately $680 million. The deal involves an investment of about $108 million, which will significantly reduce ILPT's leverage by allowing the company to pay down its unsecured revolving credit facility. Following the transaction, ILPT will own 22% of the joint venture, and $407 million in debt will be removed from its consolidated balance sheet.

Industrial Logistics Properties Trust (Nasdaq: ILPT) announced that its leadership, including President John Murray, CFO Rick Siedel, and COO Yael Duffy, will present at Nareit's REITworld: 2020 Annual Conference on November 17, 2020, at 11:30 a.m. ET. Investors can access the live presentation by registering for the conference through Nareit's REITworld Registration link. The company specializes in owning and leasing industrial and logistics properties across the U.S. This announcement includes caution regarding forward-looking statements, highlighting potential scheduling changes.

Industrial Logistics Properties Trust (Nasdaq: ILPT) announced solid financial results for Q3 2020, reflecting resilience in the industrial sector. Net income increased to $14.1 million, or $0.22 per diluted share, up from $10.9 million, while normalized FFO rose to $30.1 million, or $0.46 per diluted share. With an occupancy rate of nearly 99% and 98% of contractual rents collected, ILPT demonstrated robust operational health. Moreover, ILPT maintained over $460 million in liquidity and reported a same-property cash NOI growth of 1.9%. The company is positioned for long-term growth despite market challenges.

Industrial Logistics Properties Trust (Nasdaq: ILPT) has announced a regular quarterly cash distribution of $0.33 per share, totaling $1.32 annually. This payment is scheduled for shareholders of record as of October 26, 2020, with distribution on or around November 19, 2020. ILPT is a real estate investment trust focused on owning and leasing industrial and logistics properties across the U.S. The company is managed by an operating subsidiary of The RMR Group (Nasdaq: RMR).

Industrial Logistics Properties Trust (Nasdaq: ILPT) is set to release its third quarter 2020 financial results before the Nasdaq opens on October 28, 2020. A conference call will follow at 10:00 a.m. Eastern Time, featuring CEO John Murray, CFO Richard Siedel, and COO Yael Duffy. Participants can call (877) 418-4826 or (412) 902-6758 for international access, with no pass code required. A live audio webcast will also be available on the company's website, alongside an archived replay accessible after the event.