Industrial Logistics Properties Trust Q3 2023 Earnings Report

Industrial Logistics Properties Trust EPS Results

• Actual EPS: -$0.40
• Consensus EPS: $0.11
• Beat/Miss: Missed by -$0.51
• One Year Ago EPS: $0.23

Industrial Logistics Properties Trust Revenue Results

• Actual Revenue: $110.14 million
• Expected Revenue: $109.82 million
• Beat/Miss: Beat by +$320.00 thousand
• YoY Revenue Growth: N/A

Industrial Logistics Properties Trust Announcement Details

• Quarter: Q3 2023
• Date: 10/25/2023
• Time: After Market Closes

Industrial Logistics Properties Trust (NASDAQ:ILPT) (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states. Approximately 77% of ILPT's annualized rental revenues as of December 31, 2023 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 December 31, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA.