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Financials · ILPT

Industrial Logistics Properties Trust (ILPT) financials

For the twelve months ended Sep 30, 2026, Industrial Logistics Properties Trust reported $461.26M of revenue and -$80.57M of net income.

Revenue, TTM
$461.26M
Revenue growth, YoY
+3.5%
Net income, TTM
-$80.57M
Net margin
-17.5%
EPS, diluted, TTM
-$0.84
Cash
$130.66M
Total debt
$4.19B
P/S
0.85
Market cap
$393.9M
Annual revenue$448.85M
FY2016FY2025
Annual net income-$66.19M
FY2016FY2025

ILPT revenue and earnings growth

ILPT revenueQ3 2026$116.81M

Quarter YoY
+5.3%
QoQ
+2.4%
FY YoY
+1.5%
5Y CAGR
+12.0%

ILPT revenue was $116.81M in fiscal Q3 2026 (ended Sep 30, 2026), up 5.3% from a year earlier and up 2.4% from the prior quarter. For the full fiscal 2025 it was $448.85M, up 1.5% from fiscal 2024. Compound annual growth was +12.0% over 5 years. It rose in 8 of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.

ILPT net incomeQ3 2026-$37.84M

ILPT net income was -$37.84M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$21.57M a year earlier. For the full fiscal 2025 it was -$66.19M, compared with -$95.67M in fiscal 2024.

ILPT EPSQ3 2026-$0.46

ILPT diluted EPS was -$0.46 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.33 a year earlier. For the full fiscal 2025 it was -$1.00, compared with -$1.46 in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$448.85M$442.32M$437.34M$388.15M$219.87M$254.57M$229.23M$162.53M$156.51M$153.31M
Selling, general and admin$36.96M$30.45M$31.16M$32.88M$16.72M$200.0K$17.19M$11.31M$16.80M$9.20M
Interest expense$264.56M$292.54M$288.54M$280.05M$35.63M$51.62M$50.85M$16.08M$2.44M$2.26M
Pre-tax income-$122.44M-$142.34M-$150.52M-$293.87M$79.04M$80.95M$52.00M$74.42M$80.15M$86.94M
Income tax$104.0K$162.0K$104.0K$45.0K$273.0K$277.0K$171.0K$32.0K$44.0K$44.0K
Net income-$66.19M-$95.67M-$107.99M-$226.72M$119.68M$82.07M$52.50M$74.39M$80.10M$86.90M
EPS, basic-$1.00-$1.46-$1.65-$3.47$1.83$1.26$0.81$1.16$1.78$1.93
EPS, diluted-$1.00-$1.46-$1.65-$3.47$1.83$1.26$0.81$1.16$1.78$1.93
Diluted shares66.0M65.7M65.4M65.2M65.2M65.1M65.1M64.1M45.0M45.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$94.81M$242.48M$112.34M$140.78M$29.40M$22.83M$34.55M$9.61M$0$0
Total assets$5.19B$5.41B$5.56B$5.68B$1.91B$1.92B$2.45B$1.53B$1.41B-
Total debt$4.19B$4.30B$4.31B$4.24B$828.12M$866.58M$1.41B$462.19M$799.43M-
Total liabilities$4.29B$4.40B$4.40B$4.35B$870.52M$912.55M$1.46B$506.34M$849.48M-
Shareholders' equity$489.70M$1.01B$1.16B$1.33B$1.04B$1.00B$995.69M$1.03B$562.21M$1.31B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$60.67M$1.96M$6.06M$83.25M$110.65M$114.56M$116.30M$96.76M$103.45M$109.25M
Investing cash flow$3.96M$16.42M$67.74M-$3.45B$22.88M-$4.52M-$893.39M-$135.53M-$6.31M-$1.36M
Financing cash flow-$124.08M-$21.63M$31.14M$3.47B-$126.96M-$121.76M$802.03M$48.37M-$97.15M-$107.90M
Dividends paid$7.97M$2.64M$2.63M$44.48M$86.24M$86.09M$85.94M$60.48M$0$0
Share repurchases$451.0K$312.0K$163.0K$242.0K$922.0K$382.0K$253.0K$52.0K$0$0
Depreciation and amortization$165.23M$171.99M$178.73M$160.98M$50.60M$70.52M$61.93M$28.57M$27.32M$27.07M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY1.5%1.1%12.7%76.5%-13.6%11.1%41.0%3.8%2.1%-
Net income growth, YoY----45.8%56.3%-29.4%-7.1%-7.8%-
EPS growth, YoY----45.2%55.6%-30.2%--7.8%-
Net margin-14.7%-21.6%-24.7%-58.4%54.4%32.2%22.9%45.8%51.2%56.7%
Return on equity-13.5%-9.5%-9.3%-17.0%11.5%8.2%5.3%7.2%14.2%6.6%
Return on assets-1.3%-1.8%-1.9%-4.0%6.3%4.3%2.1%4.8%5.7%-
Debt to equity8.564.263.713.190.800.861.410.451.42-

Source: XBRL data Industrial Logistics Properties Trust files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ILPT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ILPT$461.26M+3.5%-$80.57M-17.5%$393.9M
WELL$13.79B+39.2%$1.67B12.1%$181.46B
PLD$8.95B+6.7%$3.71B41.5%$124.09B
EQIX$10.06B+11.1%$1.65B16.4%$104.38B
AMT$11.01B+5.3%$3.31B30.1%$87.65B
SPG$7.15B+16.2%$4.51B63.0%$75.39B
DLR$6.34B+12.6%$1.38B21.7%$68.13B
PSA$5.03B+5.2%$1.90B37.8%$63.18B
O$6.21B+10.8%$1.36B21.8%$56.58B

ILPT FAQ

7 questions
  • What is ILPT revenue?
    Industrial Logistics Properties Trust (ILPT) reported $461.26M of revenue for the twelve months ended Sep 30, 2026. That is up 3.5% from the year before. Revenue for fiscal 2025 was $448.85M.
  • Is ILPT profitable?
    No. Industrial Logistics Properties Trust reported a net loss of $80.57M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does ILPT have?
    Industrial Logistics Properties Trust reported $130.66M in cash and cash equivalents and $4.19B of debt on its most recent balance sheet in SEC filings.
  • How fast is ILPT revenue growing?
    Industrial Logistics Properties Trust's revenue changed +1.5% in fiscal 2025, to $448.85M. Its compound annual growth rate was +12.0% over 5 years.
  • What is ILPT earnings per share?
    Diluted earnings per share were -$0.84 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did ILPT last report financial results?
    The latest statements here come from Industrial Logistics Properties Trust's 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.
  • Where does this ILPT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Industrial Logistics Properties Trust files with the SEC. It is provided for information only and is not investment advice.