Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) issued its earnings results on Tuesday. The company reported $0.13 earnings per share for the quarter, Zacks reports. The business had revenue of $110.52 million for the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%.
Industrial Logistics Properties Trust Stock Down 4.0 %
ILPT traded down $0.16 during trading hours on Friday, reaching $3.81. 334,811 shares of the stock traded hands, compared to its average volume of 227,686. Industrial Logistics Properties Trust has a fifty-two week low of $3.15 and a fifty-two week high of $5.45. The company has a market cap of $251.99 million, a price-to-earnings ratio of -2.61 and a beta of 1.84. The company has a debt-to-equity ratio of 4.26, a current ratio of 4.84 and a quick ratio of 4.53. The firm's fifty day simple moving average is $3.72 and its two-hundred day simple moving average is $4.12.
Industrial Logistics Properties Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Monday, January 27th. Industrial Logistics Properties Trust's payout ratio is -2.74%.
Industrial Logistics Properties Trust Company Profile
(
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Industrial Logistics Properties Trust 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.
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