NasdaqGS:ILPT

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Industrial Logistics Properties Trust

Executive Summary

ILPT is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States.


Snowflake Analysis

Good value average dividend payer.

Share Price & News

How has Industrial Logistics Properties Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ILPT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.2%

ILPT

6.3%

US REITs

2.5%

US Market


1 Year Return

0.4%

ILPT

-9.7%

US REITs

8.4%

US Market

Return vs Industry: ILPT exceeded the US REITs industry which returned -10.6% over the past year.

Return vs Market: ILPT underperformed the US Market which returned 7.1% over the past year.


Shareholder returns

ILPTIndustryMarket
7 Day9.2%6.3%2.5%
30 Day7.2%0.6%5.1%
90 Day-8.3%-11.2%2.0%
1 Year7.0%0.4%-5.9%-9.7%10.9%8.4%
3 Yearn/a10.7%-3.0%30.5%21.9%
5 Yearn/a39.6%10.8%56.9%39.2%

Price Volatility Vs. Market

How volatile is Industrial Logistics Properties Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Industrial Logistics Properties Trust undervalued compared to its fair value and its price relative to the market?

31.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ILPT ($18.95) is trading below our estimate of fair value ($27.55)

Significantly Below Fair Value: ILPT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ILPT is good value based on its PE Ratio (25.4x) compared to the REITs industry average (27.2x).

PE vs Market: ILPT is poor value based on its PE Ratio (25.4x) compared to the US market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: ILPT is poor value based on its PEG Ratio (8x)


Price to Book Ratio

PB vs Industry: ILPT is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (1.4x).


Next Steps

Future Growth

How is Industrial Logistics Properties Trust forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

3.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ILPT's forecast earnings growth (3.2% per year) is above the savings rate (2.2%).

Earnings vs Market: ILPT's earnings (3.2% per year) are forecast to grow slower than the US market (21.6% per year).

High Growth Earnings: ILPT's earnings are forecast to grow, but not significantly.

Revenue vs Market: ILPT's revenue (3.4% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: ILPT's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ILPT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Industrial Logistics Properties Trust performed over the past 5 years?

-10.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ILPT has high quality earnings.

Growing Profit Margin: ILPT's current net profit margins (19.6%) are lower than last year (42.8%).


Past Earnings Growth Analysis

Earnings Trend: ILPT's earnings have declined by -10% per year over the past 5 years.

Accelerating Growth: ILPT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ILPT had negative earnings growth (-32.4%) over the past year, making it difficult to compare to the REITs industry average (5.3%).


Return on Equity

High ROE: ILPT's Return on Equity (4.4%) is considered low.


Next Steps

Financial Health

How is Industrial Logistics Properties Trust's financial position?


Financial Position Analysis

Short Term Liabilities: ILPT's short term assets ($97.7M) exceed its short term liabilities ($18.6M).

Long Term Liabilities: ILPT's short term assets ($97.7M) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: ILPT's debt to equity ratio (124.4%) is considered high.

Reducing Debt: Insufficient data to determine if ILPT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ILPT's debt is not well covered by operating cash flow (8.6%).

Interest Coverage: ILPT's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Industrial Logistics Properties Trust's current dividend yield, its reliability and sustainability?

6.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ILPT's dividend (6.97%) is higher than the bottom 25% of dividend payers in the US market (1.71%).

High Dividend: ILPT's dividend (6.97%) is in the top 25% of dividend payers in the US market (4.54%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ILPT has been paying a dividend for less than 10 years.

Growing Dividend: ILPT has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72.7%), ILPT's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ILPT's dividends in 3 years are forecast to be thoroughly covered by earnings (1.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

John Murray (58yo)

1.42yrs

Tenure

US$387,975

Compensation

Mr. John G. Murray serves as President, CEO & Managing Trustee at Industrial Logistics Properties Trust since December 01, 2018. He has been Executive Vice President at RMR Group LLC since 2001. Mr. Murray ...


Leadership Team

NamePositionTenureCompensationOwnership
John Murray
President1.42yrsUS$387.98k0.038% $465.2k
Richard Siedel
CFO & Treasurer2.33yrsUS$114.72k0.016% $197.5k
Yael Duffy
Vice President1.33yrsUS$33.23k0.0030% $36.9k
Olivia Snyder
Manager of Investor Relationsno datano datano data
Jennifer Clark
Secretaryno datano datano data

1.4yrs

Average Tenure

48yo

Average Age

Experienced Management: ILPT's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
John Murray
President1.42yrsUS$387.98k0.038% $465.2k
Bruce Gans
Lead Independent Trustee1.33yrsUS$163.69k0.011% $132.6k
Joseph Morea
Independent Trustee2.33yrsUS$154.94k0.011% $132.6k
Kevin Phelan
Independent Trustee0.25yrno data0.0046% $56.8k
Adam Portnoy
Chairman of the Board of Trustees1.33yrsUS$56.19k0.094% $1.2m
Lisa Harris Jones
Independent Trustee2.33yrsUS$149.94k0.011% $140.2k
Laura Wilkin
Independent Trustee0.25yrno data0.0046% $56.8k

1.3yrs

Average Tenure

58yo

Average Age

Experienced Board: ILPT's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Industrial Logistics Properties Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Industrial Logistics Properties Trust
  • Ticker: ILPT
  • Exchange: NasdaqGS
  • Founded: 2017
  • Industry: Industrial REITs
  • Sector: Real Estate
  • Market Cap: US$1.235b
  • Shares outstanding: 65.19m
  • Website: https://www.ilptreit.com

Location

  • Industrial Logistics Properties Trust
  • Two Newton Place
  • Suite 300
  • Newton
  • Massachusetts
  • 2458
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ILPTNasdaqGS (Nasdaq Global Select)YesCommon Shares of Benefcial InterestUSUSDJan 2018
1QYMUN (Boerse Muenchen)YesCommon Shares of Benefcial InterestDEEURJan 2018

Biography

ILPT is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 20:17
End of Day Share Price2020/05/27 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.