Industrial Logistics Properties (ILPT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Industrial Logistics Properties

NasdaqGS•Real Estate•REIT - Industrial

$7.98-0.26(-0.03%)Pre-market

Market Cap

$513.90M

P/S

1.1x

P/B

1.1x

Industrial Logistics Properties Trust is a real estate investment trust focused on owning and leasing high quality industrial and logistics properties. As of June 30, 2026, ILPT's portfolio consisted of 409 properties containing approximately 59.6 million rentable square feet located in 39 states. Approximately 79% of ILPT's annualized rental revenues as of June 30, 2026, 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, a leading U.S. alternative asset management company with over 37 billion Dollars in assets under management as of June 30, 2026, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. Industrial Logistics Properties Trust is headquartered in Newton, MA. Industrial Logistics Properties Trust was incorporated in 2017 in Maryland.

How this company scores

WeakMetricSide Score: 48/100

Grade capped at D — Interest coverage below 1× (0.6x) — earnings cannot cover interest. Strongest: Growth (16/25); weakest: Balance Sheet & Red Flags (3/25).

Profitability14/25

Growth16/25

Balance Sheet & Red Flags3/25

Cash & Earnings Quality15/25

Strengths

Rising free cash flowLong cash runwayProfit converts from growthConsistent growth

Grade capped at D

Interest coverage below 1× (0.6x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.0x5y range 13.8x – 17.2x

P/S · 1.1x5y range 0.4x – 7.5x

Currently above its 20-quarter median.

P/B · 1.1x5y range 0.3x – 1.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg -0.8x) — earnings may be inflated by non-cash items or aggressive accounting.

Leverage Risk

Red Flag

D/E ratio is 9.1 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Price & Volume

Market Cap $513.90M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $455.39M
Q. Revenue: $114.12M
TTM EBITDA: $307.35M
TTM Op. Income: $143.52M
Q. Op. Income: $35.83M
TTM Net Income: $-47.23M
Q. Net Income: $-14.46M
EPS: $-0.22
Shares Out.: $66.22M

$455.39M in TTM revenue grew 2.7% YoY, reaching $114.12M last quarter. TTM EBITDA of $307.35M and TTM operating income of $143.52M show growth is flowing through to the bottom line. However, net income is negative at $47.23M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 67.1%
Op. Margin: 31.4%
Net Margin: -12.7%

Op. margin of 31.4% is down 1.1% YoY — costs are rising relative to revenue. Net margin at -12.7% Over the past year, operating margin is down 3% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.1x
P/B Ratio: 1.1x

P/S of 1.1x and P/B of 1.1x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.12B
Cash: $135.33M
Long-Term Debt: $4.18B
Book Value: $461.66M
D/E Ratio: 9.1
Debt/EBITDA: 54.6

With $5.12B in assets and $4.18B in long-term debt, D/E is 9.1and book value is $461.66M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 7 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $22.04M
TTM Free Cash Flow: $54.45M
FCF Margin: 12.0%
FCF / Net Income: -1.2

TTM FCF of $54.45M on $22.04M in operating cash flow. The FCF / Net Income ratio of -1.2x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.