Industrial Logistics Properties Trust Common Shares of Beneficial Interest (ILPT)

FairStock Score: 64/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I see ILPT as a real estate owner, not a typical operating business. It has 409 industrial and logistics properties, 59.6 million rentable square feet across 39 states, and about 79% of annualized rental revenue from investment-grade tenants or their subsidiaries. That tenant quality is a real positive. But the financial record is ugly: in FY2025, ended 2025-12-31, net income was -$66.2M and diluted EPS -$1.00; in FY2024, ended 2024-12-31, net income was -$95.7M and diluted EPS -$1.46. The loss narrowed, but in fiscal Q2 2026, ended 2026-06-30, net income was still -$14.5M and diluted EPS -$0.22. Because this is a REIT, depreciation distorts EPS and P/E; the correct measures, FFO/AFFO, are not in my data. Filed revenue was n/a, so I cannot validate the revenue trend from filings. So I lean on price-to-book, leverage, dividend yield and cash flow. At the 2026-10-13 close of $6.96, FairStock's P/B is 1.01, dividend yield 3.24%, debt-to-equity 4.98, Altman Z-score 0.12 and Piotroski F-score 2/9. Those are not comforting: leverage is heavy and balance-sheet risk is high. FCF yield is 14.8% and EV/EBITDA 14.62, so cash generation offers some support, but the equity is highly sensitive to rates and refinancing. The computed Lynch category is none, because the company has lost money in each of the last four years. Price near book may look fair, but not a clear bargain without FFO, lower leverage, and consistent profits.

In plain English: Industrial Logistics Properties Trust owns and rents warehouses and logistics buildings. The business is not currently profitable and uses a lot of borrowed money, though its properties generate cash and most rent comes from strong tenants. At the 2026-10-13 close of $6.96, the shares trade near their accounting book value, so the price looks roughly fair rather than clearly cheap or expensive.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer