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Industrial Logistics Properties Trust share price today

Industrial Logistics Properties Trust · ILPT · Real Estate · REIT - Industrial · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

Industrial Logistics Properties Trust share price: $6.44 at the close on 4 November 2026, +16.7% in a year.

$6.44Price +16.7% in a year
$114 MRevenue (Jun 2026) +1.8% on a year ago
−$14.5 MProfit (Jun 2026)
31.4%Operating margin −1.1 points on a year ago
−7%ROE FY25
3.1%ROIC against a 5.9% cost of capital: −2.8 points

Industrial Logistics Properties Trust's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

The price has been between phases. Over the last four quarters, results have been mixed. What will decide it: the next one or two quarters of results.

What is the Industrial Logistics Properties Trust share price today?

Industrial Logistics Properties Trust's share price was $6.44 at the close on 4 November 2026. That is 12.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between $5 and $9, and at that close it sat 29% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.

Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 12 weeks running.

Nov 2026: $6.44, 12.7% below its 200-day average.

  • Price $6.44
  • 50-day avg $7.39
  • 200-day avg $7.38
Nov 2026: $6.44, 12.7% below its 200-day average.
WeekPrice50-day avg200-day avg
11 Jul 2025$5.52––
18 Jul 2025$5.23––
25 Jul 2025$5.64––
1 Aug 2025$5.37––
8 Aug 2025$5.71––
15 Aug 2025$5.79––
22 Aug 2025$6.13––
29 Aug 2025$6.16––
5 Sep 2025$6.14––
12 Sep 2025$6.39––
19 Sep 2025$6.21$5.86–
26 Sep 2025$5.96$5.90–
3 Oct 2025$5.59$5.93–
10 Oct 2025$5.23$5.93–
17 Oct 2025$5.52$5.89–
24 Oct 2025$6.03$5.90–
31 Oct 2025$5.28$5.86–
7 Nov 2025$5.52$5.80–
14 Nov 2025$5.65$5.75–
21 Nov 2025$5.28$5.66–
28 Nov 2025$5.54$5.59–
5 Dec 2025$5.81$5.54–
12 Dec 2025$5.66$5.53–
19 Dec 2025$5.44$5.54–
26 Dec 2025$5.51$5.55–
2 Jan 2026$5.53$5.54–
9 Jan 2026$6.28$5.54–
16 Jan 2026$5.96$5.61–
23 Jan 2026$5.59$5.63–
30 Jan 2026$5.33$5.61–
6 Feb 2026$5.59$5.62–
13 Feb 2026$5.46$5.62–
20 Feb 2026$5.84$5.61–
27 Feb 2026$5.86$5.64–
6 Mar 2026$6.25$5.72–
13 Mar 2026$6.06$5.79–
20 Mar 2026$5.77$5.83–
27 Mar 2026$5.68$5.81–
2 Apr 2026$5.43$5.79–
10 Apr 2026$5.54$5.80–
17 Apr 2026$6.45$5.86–
24 Apr 2026$7.41$6.00$5.77
1 May 2026$7.70$6.21$5.81
8 May 2026$8.15$6.39$5.87
15 May 2026$7.86$6.54$5.93
22 May 2026$8.59$6.77$6.00
29 May 2026$8.97$6.98$6.06
5 Jun 2026$8.61$7.26$6.13
12 Jun 2026$9.00$7.57$6.20
18 Jun 2026$8.10$7.81$6.25
26 Jun 2026$9.28$8.12$6.32
2 Jul 2026$8.95$8.33$6.37
10 Jul 2026$9.00$8.47$6.43
17 Jul 2026$8.86$8.60$6.51
24 Jul 2026$9.20$8.72$6.59
31 Jul 2026$8.61$8.80$6.68
7 Aug 2026$8.78$8.81$6.76
14 Aug 2026$8.92$8.82$6.83
21 Aug 2026$8.30$8.80$6.91
28 Aug 2026$8.34$8.76$6.98
4 Sep 2026$8.23$8.73$7.05
11 Sep 2026$7.76$8.62$7.10
18 Sep 2026$7.71$8.52$7.16
25 Sep 2026$7.37$8.39$7.20
2 Oct 2026$7.08$8.20$7.24
9 Oct 2026$7.14$8.03$7.28
16 Oct 2026$6.82$7.85$7.32
23 Oct 2026$7.05$7.65$7.35
30 Oct 2026$6.80$7.51$7.37
4 Nov 2026$6.44$7.39$7.38
Weekly closing price ($) with its 50-day and 200-day averages. 1-year window.

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?

Ahead in 28 of 57 weeks

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
11 Jul 2025no S&P 500 reading
18 Jul 2025no S&P 500 reading
25 Jul 2025no S&P 500 reading
1 Aug 2025no S&P 500 reading
8 Aug 2025no S&P 500 reading
15 Aug 2025no S&P 500 reading
22 Aug 2025no S&P 500 reading
29 Aug 2025no S&P 500 reading
5 Sep 2025no S&P 500 reading
12 Sep 2025no S&P 500 reading
19 Sep 2025no S&P 500 reading
26 Sep 2025no S&P 500 reading
3 Oct 2025no S&P 500 reading
10 Oct 2025−10.0%
17 Oct 2025−0.3%
24 Oct 2025+0.6%
31 Oct 2025−11.4%
7 Nov 2025−8.6%
14 Nov 2025−6.8%
21 Nov 2025−16.0%
28 Nov 2025−16.0%
5 Dec 2025−11.3%
12 Dec 2025−15.1%
19 Dec 2025−14.9%
26 Dec 2025−11.9%
2 Jan 2026−3.2%
9 Jan 2026+13.8%
16 Jan 2026+3.9%
23 Jan 2026−9.1%
30 Jan 2026−0.5%
6 Feb 2026−1.7%
13 Feb 2026−4.8%
20 Feb 2026+6.0%
27 Feb 2026+5.4%
6 Mar 2026+9.5%
13 Mar 2026+9.9%
20 Mar 2026+10.8%
27 Mar 2026+11.2%
2 Apr 2026+2.2%
10 Apr 2026−9.7%
17 Apr 2026+5.5%
24 Apr 2026+29.0%
1 May 2026+40.3%
8 May 2026+39.0%
15 May 2026+35.5%
22 May 2026+38.9%
29 May 2026+42.8%
5 Jun 2026+28.1%
12 Jun 2026+36.5%
18 Jun 2026+25.2%
26 Jun 2026+48.4%
2 Jul 2026+51.3%
10 Jul 2026+51.3%
17 Jul 2026+32.7%
24 Jul 2026+20.7%
31 Jul 2026+8.2%
7 Aug 2026+2.9%
14 Aug 2026+8.5%
21 Aug 2026−6.1%
28 Aug 2026−8.7%
4 Sep 2026−8.8%
11 Sep 2026−16.8%
18 Sep 2026−6.8%
25 Sep 2026−26.4%
2 Oct 2026−24.2%
9 Oct 2026−23.8%
16 Oct 2026−25.7%
23 Oct 2026−26.2%
30 Oct 2026−22.2%
4 Nov 2026−25.8%
Each bar is one week, from 2025 to now (57 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 1 year the share price moved +17% while the S&P 500 moved +23%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 14 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does Industrial Logistics Properties Trust pay?

Industrial Logistics Properties Trust paid $0.25 per share over the last four reported quarters. The most recent declaration was $0.10 for Jun 2026. At today's price of $6.44 that is a yield of 3.88%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

Dividend per share each quarter: latest $0.10 (Jun 2026)

  • Dividend per share $0.10
Dividend per share each quarter: latest $0.10 (Jun 2026)
QuarterDividend per share
Sep 2023$0.01
Dec 2023$0.01
Mar 2024$0.01
Jun 2024$0.01
Sep 2024$0.01
Dec 2024$0.01
Mar 2025$0.01
Jun 2025$0.05
Sep 2025$0.05
Dec 2025$0.05
Mar 2026$0.05
Jun 2026$0.10
Declared dividend per share, $ a share, each reported quarter. 12 quarters on file.

Which stock lists is Industrial Logistics Properties Trust on?

Industrial Logistics Properties Trust is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is Industrial Logistics Properties Trust profitable?

Industrial Logistics Properties Trust posted a net loss of $14.5 M in the Jun 2026 quarter. The full FY25 year was a loss of $66.2 M. That loss is 12.7% of the quarter's revenue. The same quarter a year earlier lost $21.3 M. 12 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

FY25 profit −$66.2 M

  • Net profit −$66.2 M
FY25 profit −$66.2 M
QuarterNet profit
FY21$119 M
FY22−$227 M
FY23−$108 M
FY24−$95.7 M
FY25−$66.2 M

Growth on a year earlier

  • Growth on a year earlier −290%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22−290%
FY23–
FY24–
FY25–
Top: net profit each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: −$14.5 M

  • Net profit (quarterly) −$14.5 M
Jun 2026: −$14.5 M
QuarterNet profit (quarterly)
Sep 2023−$26.1 M
Dec 2023−$31.3 M
Mar 2024−$23.4 M
Jun 2024−$23.2 M
Sep 2024−$25.0 M
Dec 2024−$24.1 M
Mar 2025−$21.5 M
Jun 2025−$21.3 M
Sep 2025−$21.6 M
Dec 2025−$1.8 M
Mar 2026−$9.4 M
Jun 2026−$14.5 M
Net profit each quarter, $ M. Last 12 quarters. A grey bar is lower than the quarter before.

How much revenue does Industrial Logistics Properties Trust make, and is it growing?

Industrial Logistics Properties Trust reported $114 M of revenue in the Jun 2026 quarter, +1.8% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown 19.5% a year on average. The last full year, FY25, came in at $449 M.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $455 M.

FY25 revenue was $449 M, +1.5% on the year before.

FY25 revenue $449 M (+1.5% on the year before), 19.5% a year over 4 years

  • Revenue $449 M
FY25 revenue $449 M (+1.5% on the year before), 19.5% a year over 4 years
QuarterRevenue
FY21$220 M
FY22$388 M
FY23$437 M
FY24$442 M
FY25$449 M

Growth on a year earlier

  • Growth on a year earlier 1.5%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY2276.5%
FY2312.7%
FY241.1%
FY251.5%
Top: revenue each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: $114 M (+1.8% on a year earlier), the 5th quarter in a row of growth

  • Revenue (quarterly) $114 M
Jun 2026: $114 M (+1.8% on a year earlier), the 5th quarter in a row of growth
QuarterRevenue (quarterly)
Sep 2023$110 M
Dec 2023$109 M
Mar 2024$112 M
Jun 2024$111 M
Sep 2024$109 M
Dec 2024$111 M
Mar 2025$112 M
Jun 2025$112 M
Sep 2025$111 M
Dec 2025$114 M
Mar 2026$116 M
Jun 2026$114 M

Growth on a year earlier

  • Growth on a year earlier 1.8%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 20236.7%
Dec 20232.4%
Mar 20241.8%
Jun 20242.4%
Sep 2024−1.1%
Dec 20241.5%
Mar 2025−0.3%
Jun 20251.3%
Sep 20251.8%
Dec 20253.1%
Mar 20264%
Jun 20261.8%
Top: revenue each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +2.7% on average, against 19.5% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +2.7%, against +1.5% a year over the last 8 quarters (stabilising).

How much of every $100 of sales does Industrial Logistics Properties Trust keep?

Industrial Logistics Properties Trust's operating margin was 31.4% in the Jun 2026 quarter, 1.1 percentage points lower than the same quarter a year ago. Across 5 years it has been between 28.9% and 46.7%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

FY25: 33.0%, within a range of 28.9% to 46.7% over 5 years

  • Operating margin 33.0%
FY25: 33.0%, within a range of 28.9% to 46.7% over 5 years
QuarterOperating margin
FY2146.7%
FY2228.9%
FY2329.5%
FY2431.4%
FY2533%

Change on the year before (points)

  • Change on the year before (points) +1.6 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22−17.8 pts
FY23+0.6 pts
FY24+1.9 pts
FY25+1.6 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 5-year window.

Jun 2026: operating margin 31.4% (−1.1 points on a year earlier)

  • Operating margin 31.4%
Jun 2026: operating margin 31.4% (−1.1 points on a year earlier)
QuarterOperating margin
Sep 202330.6%
Dec 202330.1%
Mar 202431%
Jun 202431.6%
Sep 202431.5%
Dec 202431.5%
Mar 202533.7%
Jun 202532.5%
Sep 202531.8%
Dec 202533.7%
Mar 202634.4%
Jun 202631.4%

Change on a year earlier (points)

  • Change on a year earlier (points) −1.1 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023+8.5 pts
Dec 2023+3.1 pts
Mar 2024+2.8 pts
Jun 2024+2.6 pts
Sep 2024+0.9 pts
Dec 2024+1.4 pts
Mar 2025+2.7 pts
Jun 2025+0.9 pts
Sep 2025+0.3 pts
Dec 2025+2.2 pts
Mar 2026+0.7 pts
Jun 2026−1.1 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Industrial Logistics Properties Trust's profit turning into cash?

Industrial Logistics Properties Trust's cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $60.7 M of operating cash against −$66.2 M of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY25: operating cash $60.7 M against profit −$66.2 M

  • Operating cash $60.7 M
  • Net profit −$66.2 M
FY25: operating cash $60.7 M against profit −$66.2 M
QuarterOperating cashNet profit
FY21$111 M$119 M
FY22$83.3 M−$227 M
FY23$6.1 M−$108 M
FY24$2.0 M−$95.7 M
FY25$60.7 M−$66.2 M
Operating cash flow and net profit each year, $ M. The line is free cash flow: operating cash minus spending on assets. 5-year window, yearly figures.

Jun 2026: operating cash $22.0 M

  • Operating cash (quarterly) $22.0 M
Jun 2026: operating cash $22.0 M
QuarterOperating cash (quarterly)
Sep 2023$3.4 M
Dec 2023−$8.0 M
Mar 2024$8.0 M
Jun 2024$10.8 M
Sep 2024−$3.4 M
Dec 2024−$13.5 M
Mar 2025$11.4 M
Jun 2025$18.4 M
Sep 2025$22.7 M
Dec 2025$8.2 M
Mar 2026$15.9 M
Jun 2026$22.0 M
Operating cash each quarter, $ M. Last 12 quarters.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Where does Industrial Logistics Properties Trust's cash go?

Industrial Logistics Properties Trust does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

What is Industrial Logistics Properties Trust's P/E ratio, and how does it compare with its own history?

Industrial Logistics Properties Trust has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Industrial Logistics Properties Trust at 1.0× its FY25 revenue of $449 M. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

—P/E · earnings negative
n/mPEG · cannot be worked out, because 3-year earnings growth is not available

Is the Industrial Logistics Properties Trust business getting better or worse?

Industrial Logistics Properties Trust's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +1.5% in FY25

  • Revenue growth 1.5%
Growth year by year: revenue +1.5% in FY25
QuarterRevenue growth
FY21–
FY2276.5%
FY2312.7%
FY241.1%
FY251.5%

Profit growth, EPS growth

  • Profit growth −290%
  • EPS growth −290%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY21––
FY22−290%−290%
FY23––
FY24––
FY25––
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue stabilising

  • Revenue 2.7%
Three growth lines over twelve quarters: revenue stabilising
QuarterRevenue
Sep 202328.5%
Dec 202312.7%
Mar 20242.9%
Jun 20243.3%
Sep 20241.4%
Dec 20241.1%
Mar 20250.6%
Jun 20250.4%
Sep 20251.1%
Dec 20251.5%
Mar 20262.6%
Jun 20262.7%
Growth on a year earlier, % at each quarter end. Top: revenue. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 9%
ROCE: the return line, worked out each quarter
QuarterROCE
Sep 20237.5%
Dec 20237.8%
Mar 20248%
Jun 20248.2%
Sep 20248.2%
Dec 20248.4%
Mar 20258.5%
Jun 20258.6%
Sep 20258.7%
Dec 20258.9%
Mar 20269%
Jun 20269%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highRevenue growth · latest +2.7%, range +0.4% to +28.5%
Stuck lowROCE · latest 9.0%, range 7.5% to 9.0%

Why it matters: with too little history, we say so rather than guess a direction.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+1.5%+5.0%——
Stock price+16.7%———
+1.8%Revenue growth (Jun 2026) · latest quarter against a year ago
19.5%Revenue, 4 years · yearly growth over the long run

How much does Industrial Logistics Properties Trust earn on its capital?

Industrial Logistics Properties Trust earned a ROE of −7% in FY25. That is up from a low of −17% in FY22. Its return on capital used (ROIC) is 2.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

It comes from a −14.8% net margin and 0.09× asset turnover (sales divided by assets).

Why the return is what it is (FY25): a −14.8% net margin × 0.09× asset turnover × 5.76× leverage (assets divided by equity) ≈ −7.7% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 3.1% − 5.9% = −2.8 percentage points. The 5.9% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

FY25: ROE −7%, the climb back from FY22's −17%

  • ROE −7.4%
  • ROIC (annual) 2.8%
  • Cost of capital 5.9%
FY25: ROE −7%, the climb back from FY22's −17%
QuarterROEROIC (annual)Cost of capital
FY2111.5%5.5%5.9%
FY22−17%3%5.9%
FY23−9.3%2.3%5.9%
FY24−9.5%2.6%5.9%
FY25−7.4%2.8%5.9%
Return on equity each year, % (line); ROIC each year, % (line). 5-year window, low years included. The flat line is the 5.9% cost of capital used on this page.

Jun 2026: ROIC 3.0% (last 12 months) against a 5.9% cost of capital

  • ROIC (12 months) 3.0%
  • ROE (12 months) −8%
  • Cost of capital 5.9%
Jun 2026: ROIC 3.0% (last 12 months) against a 5.9% cost of capital
QuarterROIC (12 months)ROE (12 months)Cost of capital
Sep 20232.1%−11.5%5.9%
Dec 20232.3%−11.7%5.9%
Mar 20242.4%−13.9%5.9%
Jun 20242.4%−11.9%5.9%
Sep 20242.4%−12.1%5.9%
Dec 20242.4%−13.3%5.9%
Mar 20252.5%−13.4%5.9%
Jun 20252.6%−12.6%5.9%
Sep 20252.7%−12.6%5.9%
Dec 20252.8%−13.1%5.9%
Mar 20262.9%−4.7%5.9%
Jun 20263%−8%5.9%
ROIC and ROE over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Industrial Logistics Properties Trust have too much debt?

Industrial Logistics Properties Trust has total debt of $4.2 B against shareholder equity of $841 M as of Jun 2026, so its debt is 4.98× its equity. Year by year, that ratio went from 0.80 in FY21 to 4.66 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $4.2 B, 4.66× equity

  • Total debt $4.2 B
FY25: debt $4.2 B, 4.66× equity
QuarterTotal debt
FY21$828 M
FY22$4.2 B
FY23$4.3 B
FY24$4.3 B
FY25$4.2 B

Debt-to-equity

  • Debt-to-equity 4.66×
Debt-to-equity
QuarterDebt-to-equity
FY210.80×
FY223.19×
FY233.71×
FY244.27×
FY254.66×
Top: total debt each year, $ B. Below: debt-to-equity, ×. 5-year window.

Jun 2026: debt $4.2 B, debt-to-equity 4.98

  • Total debt (quarterly) $4.2 B
Jun 2026: debt $4.2 B, debt-to-equity 4.98
QuarterTotal debt (quarterly)
Sep 2023$4.3 B
Dec 2023$4.3 B
Mar 2024$4.3 B
Jun 2024$4.3 B
Sep 2024$4.3 B
Dec 2024$4.3 B
Mar 2025$4.3 B
Jun 2025$4.2 B
Sep 2025$4.2 B
Dec 2025$4.2 B
Mar 2026$4.2 B
Jun 2026$4.2 B

Debt-to-equity

  • Debt-to-equity 4.98×
Debt-to-equity
QuarterDebt-to-equity
Sep 20233.54×
Dec 20233.71×
Mar 20243.84×
Jun 20243.96×
Sep 20244.13×
Dec 20244.27×
Mar 20254.40×
Jun 20254.44×
Sep 20254.60×
Dec 20254.66×
Mar 20264.75×
Jun 20264.98×
Top: total debt each quarter, $ B. Below: debt-to-equity, ×. Last 12 quarters.

What is the Industrial Logistics Properties Trust shareholding pattern?

2.1% of Industrial Logistics Properties Trust's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 3.4 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

2.1%Short interest · of the tradable float
3.4Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is Industrial Logistics Properties Trust from balance-sheet trouble?

For Industrial Logistics Properties Trust, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does Industrial Logistics Properties Trust rank in its industry?

36.9 out of 100, rank 14 of 17 in REIT - Industrial, with 55% of the evidence available.

Industrial Logistics Properties Trust scores 36.9 out of 100 against the 17 companies it is compared with in REIT - Industrial, ranking 14. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 17.8 + 8.6 + 9.8 + 0.7 = 36.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector.

Which companies is Industrial Logistics Properties Trust compared with?

Industrial Logistics Properties Trust ranks 14 of 17 REIT - Industrial companies on the 4-Factor Sector Score, with 36.9 out of 100.

  1. 1Public StoragePSA · turning · Most evidence points up · 76% evidence66.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.3/35 · Income 3.2% · Profit 14.4% · 71% evidenceCapital efficiency 20.7/25 · ROA 7.1% · ROE 22.7% · GNPA — · 68% evidenceValuation 7.6/20 · P/BV 6.02× · P/BV÷ROE 0.27 · 70% evidenceRelative strength 17.4/20 · Lead over its industry 6.9% · Lead over S&P 500 7.7% · 1 year 23.3% · 100% evidence · 1 of 12 weeks aheadExact sum: 20.3 + 20.7 + 7.6 + 17.4 = 66 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  2. 2CubeSmartCUBE · turning · Evidence leans up · 76% evidence56.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 11.8/35 · Income 4% · Profit -10.7% · 71% evidenceCapital efficiency 18.9/25 · ROA 4.3% · ROE 12.1% · GNPA — · 68% evidenceValuation 6.5/20 · P/BV 3.42× · P/BV÷ROE 0.28 · 70% evidenceRelative strength 19.7/20 · Lead over its industry 8.7% · Lead over S&P 500 9.6% · 1 year 22.2% · 100% evidence · 1 of 12 weeks aheadExact sum: 11.8 + 18.9 + 6.5 + 19.7 = 56.9 · What this means: Relative strength against the index is 9.6%, and revenue and profit growth are weak.
  3. 3Terreno Realty CorporationTRNO · quiet · Evidence leans up · 76% evidence55.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.7/35 · Income 17.8% · Profit 52.6% · 71% evidenceCapital efficiency 12.6/25 · ROA 2.3% · ROE 6.6% · GNPA — · 68% evidenceValuation 8.6/20 · P/BV 1.55× · P/BV÷ROE 0.23 · 70% evidenceRelative strength 9.0/20 · Lead over its industry -2.6% · Lead over S&P 500 -1.8% · 1 year 11.5% · 100% evidence · 0 of 12 weeks aheadExact sum: 25.7 + 12.6 + 8.6 + 9 = 55.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4National Storage Affiliates TrustNSA · Too little evidence to rank firmly · 56% evidence53.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 27.8/43.75 · Income 1.5% · Profit 25% · 71% evidenceCapital efficiency 19.4/31.25 · ROA 3.5% · ROE 7.4% · GNPA — · 68% evidenceValuation 6.0/25 · P/BV 2.42× · P/BV÷ROE 0.33 · 70% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 27.8 + 19.4 + 6 = 53.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  5. 5First Industrial Realty Trust, Inc.FR · quiet · Evidence leans up · 80% evidence52.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.6/35 · Income 8.7% · Profit 51.7% · 81% evidenceCapital efficiency 18.1/25 · ROA 3.8% · ROE 11.1% · GNPA — · 68% evidenceValuation 8.7/20 · P/BV 2.75× · P/BV÷ROE 0.25 · 70% evidenceRelative strength 0.3/20 · Lead over its industry -14.7% · Lead over S&P 500 -14% · 1 year -1.4% · 100% evidence · 0 of 12 weeks aheadExact sum: 25.6 + 18.1 + 8.7 + 0.3 = 52.7 · What this means: Earnings are strong; relative strength in its sector is -14.7% and the one-year return is -1.4%.
  6. 6SmartStop Self Storage REIT, Inc.SMA · turning · Evidence leans up · 67% evidence51.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.3/35 · Income 16% · Profit — · 45% evidenceCapital efficiency 9.4/25 · ROA 1.6% · ROE 3.2% · GNPA — · 68% evidenceValuation 3.8/20 · P/BV 1.43× · P/BV÷ROE 0.45 · 70% evidenceRelative strength 19.3/20 · Lead over its industry 8.5% · Lead over S&P 500 9.4% · 1 year 11.7% · 100% evidence · 3 of 12 weeks aheadExact sum: 19.3 + 9.4 + 3.8 + 19.3 = 51.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7EastGroup Properties, Inc.EGP · quiet · Evidence leans up · 80% evidence51.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.7/35 · Income 10.3% · Profit 27.8% · 81% evidenceCapital efficiency 16.8/25 · ROA 3.6% · ROE 8.4% · GNPA — · 68% evidenceValuation 3.7/20 · P/BV 2.97× · P/BV÷ROE 0.35 · 70% evidenceRelative strength 6.4/20 · Lead over its industry -4.2% · Lead over S&P 500 -3.4% · 1 year 13.1% · 100% evidence · 0 of 12 weeks aheadExact sum: 24.7 + 16.8 + 3.7 + 6.4 = 51.6 · What this means: Earnings are strong; relative strength in its sector is -4.2% and the one-year return is 13.1%.
  8. 8Extra Space Storage Inc.EXR · turning · Evidence leans up · 76% evidence51.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 14.0/35 · Income 3.9% · Profit -1.8% · 71% evidenceCapital efficiency 14.9/25 · ROA 3.3% · ROE 7.1% · GNPA — · 68% evidenceValuation 5.7/20 · P/BV 2.17× · P/BV÷ROE 0.3 · 70% evidenceRelative strength 17.0/20 · Lead over its industry 5.9% · Lead over S&P 500 6.8% · 1 year 20.9% · 100% evidence · 1 of 12 weeks aheadExact sum: 14 + 14.9 + 5.7 + 17 = 51.6 · What this means: Relative strength against the index is 6.8%, and revenue and profit growth are weak.
  9. 9Prologis, Inc.PLD · basing · Evidence leans down · 80% evidence46.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.1/35 · Income 8.7% · Profit 32.9% · 81% evidenceCapital efficiency 14.7/25 · ROA 2.5% · ROE 7.7% · GNPA — · 68% evidenceValuation 7.8/20 · P/BV 2.04× · P/BV÷ROE 0.27 · 70% evidenceRelative strength 2.0/20 · Lead over its industry -10.1% · Lead over S&P 500 -9.4% · 1 year 4.6% · 100% evidence · 0 of 12 weeks aheadExact sum: 22.1 + 14.7 + 7.8 + 2 = 46.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  10. 10STAG Industrial, Inc.STAG · turning · Evidence leans down · 76% evidence44.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.7/35 · Income 9.4% · Profit 5.6% · 71% evidenceCapital efficiency 13.9/25 · ROA 2.9% · ROE 6.9% · GNPA — · 68% evidenceValuation 6.7/20 · P/BV 1.96× · P/BV÷ROE 0.28 · 70% evidenceRelative strength 6.5/20 · Lead over its industry -7.4% · Lead over S&P 500 -6.6% · 1 year -2.9% · 100% evidence · 0 of 12 weeks aheadExact sum: 17.7 + 13.9 + 6.7 + 6.5 = 44.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  11. 11Americold Realty Trust, Inc.COLD · turning · Too little evidence to rank firmly · 55% evidence43.0out of 100GrowthCapitalValuationRelative
  12. 12Innovative Industrial Properties, Inc.IIPR · quiet · Evidence leans down · 76% evidence39.5out of 100GrowthCapitalValuationRelative
  13. 13Rexford Industrial Realty, Inc.REXR · turning · Evidence leans down · 68% evidence39.5out of 100GrowthCapitalValuationRelative
  14. 14Industrial Logistics Properties Trust this pageILPT · quiet · Too little evidence to rank firmly · 55% evidence36.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.8/35 · Income 2.5% · Profit — · 45% evidenceCapital efficiency 8.6/25 · ROA 1.9% · ROE -8% · GNPA — · 68% evidenceValuation 9.8/20 · P/BV 0.7× · P/BV÷ROE — · 10% evidenceRelative strength 0.7/20 · Lead over its industry -14.2% · Lead over S&P 500 -13.7% · 1 year 16.7% · 100% evidence · 0 of 12 weeks aheadExact sum: 17.8 + 8.6 + 9.8 + 0.7 = 36.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  15. 15Lineage, Inc.LINE · quiet · Too little evidence to rank firmly · 55% evidence34.6out of 100GrowthCapitalValuationRelative
  16. 16Modiv Industrial, Inc.MDV · Too little evidence to rank firmly · 35% evidence44.9out of 100GrowthCapitalValuationRelative
  17. 17LXP Industrial TrustLXP · Too little evidence to rank firmly · 44% evidence35.0out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: REIT - Industrial, all 17 compared on one page.

Which companies are close to Industrial Logistics Properties Trust in size?

Industrial Logistics Properties Trust is the 16th largest of 17 REIT - Industrial companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: National Storage Affiliates Trust, Americold Realty Trust, Inc., LXP Industrial Trust, SmartStop Self Storage REIT, Inc. and Innovative Industrial Properties, Inc. Just below it: Modiv Industrial, Inc.

REIT - Industrial companies close in size

  1. National Storage Affiliates Trust $5.6 billion
  2. Americold Realty Trust, Inc. $4.3 billion
  3. LXP Industrial Trust $3.6 billion
  4. SmartStop Self Storage REIT, Inc. $2.1 billion
  5. Innovative Industrial Properties, Inc. $1.6 billion
  6. Industrial Logistics Properties Trust $431 million
  7. Modiv Industrial, Inc. $215 million

All 17 REIT - Industrial companies, largest first

Companies close in size in other industries

  1. Barnes & Noble Education, Inc. $433 million · Specialty Retail
  2. Gladstone Capital Corporation $433 million · Asset Management
  3. Industrial Logistics Properties Trust $431 million
  4. United States Antimony Corporation $431 million · Other Industrial Metals & Mining
  5. Arko Corp. $431 million · Specialty Retail

What else do people ask about Industrial Logistics Properties Trust?

What were Industrial Logistics Properties Trust's latest quarterly results?

Industrial Logistics Properties Trust reported revenue of $114 M and a net loss of $14.5 M for the Jun 2026 quarter. Earnings per share were −$0.22. The operating margin was 31.4%, 1.1 percentage points lower than a year earlier (as of 4 November 2026).

What is Industrial Logistics Properties Trust's market cap?

Industrial Logistics Properties Trust's market capitalisation is $431 M at a stock price of $6.44. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is Industrial Logistics Properties Trust performing?

Industrial Logistics Properties Trust's latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 12 weeks running. This describes what the data did, not a rating (as of 4 November 2026).

Will Industrial Logistics Properties Trust's stock price go up?

This page does not forecast Industrial Logistics Properties Trust's stock price. What it shows instead: the stock price is $6.44. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).

Does Industrial Logistics Properties Trust have too much debt?

Yes, Industrial Logistics Properties Trust has a lot of debt: its debt is 5.27× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026).

Where is Industrial Logistics Properties Trust in its business cycle?

Industrial Logistics Properties Trust's FY25 operating margin was 33.0%, against a 5-year range of 28.9% to 46.7%: the low end of its own range, which is often where recoveries start. The latest quarter was 31.4%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the Industrial Logistics Properties Trust story?

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is Industrial Logistics Properties Trust a stock worth studying right now?

What the numbers show: Industrial Logistics Properties Trust's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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