Industrial Logistics Properties Trust (NASDAQ:ILPT) Releases Earnings Results

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced its quarterly earnings results on Tuesday. The company reported $0.13 earnings per share (EPS) for the quarter, Zacks reports. Industrial Logistics Properties Trust had a negative net margin of 21.63% and a negative return on equity of 8.82%. The company had revenue of $110.52 million during the quarter.

Industrial Logistics Properties Trust Price Performance

NASDAQ:ILPT opened at $3.87 on Thursday. The stock’s 50-day moving average is $3.71 and its 200-day moving average is $4.13. Industrial Logistics Properties Trust has a 1-year low of $3.15 and a 1-year high of $5.45. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be given a $0.01 dividend. The ex-dividend date is Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.03%. Industrial Logistics Properties Trust’s dividend payout ratio is presently -2.74%.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states.