Industrial Logistics Properties Trust $ILPT

What the company doesAI summary of filing

Industrial Logistics Properties Trust is a real estate investment trust organized under Maryland law that owns and leases industrial and logistics properties throughout the United States. As of December 31, 2025, the company owned 409 properties containing approximately 59.6 million rentable square feet located in 39 states with 94.5% occupancy. The company generates revenue by leasing these properties to tenants under long-term leases that typically require tenants to pay base rent and reimburse operating expenses such as real estate taxes, insurance, and utilities. The company is a revenue-generating REIT that has qualified for taxation as a REIT since its 2018 taxable year and seeks to grow by increasing rents on existing properties through lease extensions and rent resets, acquiring additional properties, and operating joint ventures. [10-K 2026-02-18]

Segments: Mainland Properties (100% ownership), Hawaii Properties (100% ownership), Mountain JV Properties (61% ownership in consolidated joint venture), Unconsolidated joint venture (22% equity interest)