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INDUSTRIAL LOGISTICS PROPERT (ILPT) Stock Fundamental Analysis

NASDAQ:ILPT - Nasdaq - US4562371066 - REIT - Currency: USD

5.93  -0.03 (-0.5%)

After market: 5.93 0 (0%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to ILPT. ILPT was compared to 129 industry peers in the Diversified REITs industry. Both the profitability and the financial health of ILPT get a neutral evaluation. Nothing too spectacular is happening here. ILPT is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

ILPT had positive earnings in the past year.
In the past year ILPT had a positive cash flow from operations.
In multiple years ILPT reported negative net income over the last 5 years.
Each year in the past 5 years ILPT had a positive operating cash flow.
ILPT Yearly Net Income VS EBIT VS OCF VS FCFILPT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M

1.2 Ratios

ILPT has a Return On Assets of -1.75%. This is in the lower half of the industry: ILPT underperforms 70.54% of its industry peers.
ILPT's Return On Equity of -17.71% is on the low side compared to the rest of the industry. ILPT is outperformed by 83.72% of its industry peers.
With a Return On Invested Capital value of 2.19%, ILPT perfoms like the industry average, outperforming 41.86% of the companies in the same industry.
ILPT had an Average Return On Invested Capital over the past 3 years of 1.99%. This is in line with the industry average of 3.07%.
The last Return On Invested Capital (2.19%) for ILPT is above the 3 year average (1.99%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -1.75%
ROE -17.71%
ROIC 2.19%
ROA(3y)-2.57%
ROA(5y)0.56%
ROE(3y)-20.61%
ROE(5y)-8.43%
ROIC(3y)1.99%
ROIC(5y)3.18%
ILPT Yearly ROA, ROE, ROICILPT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

With a decent Operating Margin value of 32.31%, ILPT is doing good in the industry, outperforming 67.44% of the companies in the same industry.
In the last couple of years the Operating Margin of ILPT has declined.
Looking at the Gross Margin, with a value of 86.16%, ILPT belongs to the top of the industry, outperforming 87.60% of the companies in the same industry.
In the last couple of years the Gross Margin of ILPT has remained more or less at the same level.
Industry RankSector Rank
OM 32.31%
PM (TTM) N/A
GM 86.16%
OM growth 3Y-12.7%
OM growth 5Y-6.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.16%
GM growth 5Y-0.21%
ILPT Yearly Profit, Operating, Gross MarginsILPT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ILPT is destroying value.
Compared to 1 year ago, ILPT has more shares outstanding
ILPT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ILPT is higher compared to a year ago.
ILPT Yearly Shares OutstandingILPT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
ILPT Yearly Total Debt VS Total AssetsILPT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

ILPT has an Altman-Z score of 0.12. This is a bad value and indicates that ILPT is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.12, ILPT is not doing good in the industry: 70.54% of the companies in the same industry are doing better.
ILPT has a debt to FCF ratio of 3459.90. This is a negative value and a sign of low solvency as ILPT would need 3459.90 years to pay back of all of its debts.
ILPT has a Debt to FCF ratio of 3459.90. This is comparable to the rest of the industry: ILPT outperforms 55.04% of its industry peers.
A Debt/Equity ratio of 8.09 is on the high side and indicates that ILPT has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 8.09, ILPT is doing worse than 91.47% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 8.09
Debt/FCF 3459.9
Altman-Z 0.12
ROIC/WACC0.41
WACC5.32%
ILPT Yearly LT Debt VS Equity VS FCFILPT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

A Current Ratio of 2.46 indicates that ILPT has no problem at all paying its short term obligations.
ILPT has a Current ratio of 2.46. This is amongst the best in the industry. ILPT outperforms 86.82% of its industry peers.
ILPT has a Quick Ratio of 2.46. This indicates that ILPT is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 2.46, ILPT belongs to the best of the industry, outperforming 86.82% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.46
Quick Ratio 2.46
ILPT Yearly Current Assets VS Current LiabilitesILPT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

3

3. Growth

3.1 Past

The earnings per share for ILPT have decreased strongly by -75.00% in the last year.
ILPT shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.13% yearly.
Looking at the last year, ILPT shows a small growth in Revenue. The Revenue has grown by 0.37% in the last year.
Measured over the past years, ILPT shows a quite strong growth in Revenue. The Revenue has been growing by 14.05% on average per year.
EPS 1Y (TTM)-75%
EPS 3Y-33.84%
EPS 5Y-8.13%
EPS Q2Q%-328.57%
Revenue 1Y (TTM)0.37%
Revenue growth 3Y26.23%
Revenue growth 5Y14.05%
Sales Q2Q%1.34%

3.2 Future

The Earnings Per Share is expected to decrease by -30.29% on average over the next years. This is quite bad
The Revenue is expected to grow by 2.89% on average over the next years.
EPS Next Y-271.28%
EPS Next 2Y-78.16%
EPS Next 3Y-30.29%
EPS Next 5YN/A
Revenue Next Year1.78%
Revenue Next 2Y1.7%
Revenue Next 3Y2.79%
Revenue Next 5Y2.89%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ILPT Yearly Revenue VS EstimatesILPT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 100M 200M 300M 400M 500M
ILPT Yearly EPS VS EstimatesILPT Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 -1 -2 -3

1

4. Valuation

4.1 Price/Earnings Ratio

ILPT is valuated quite expensively with a Price/Earnings ratio of 45.62.
ILPT's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.86. ILPT is valued rather expensively when compared to this.
ILPT is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE 45.62
Fwd PE N/A
ILPT Price Earnings VS Forward Price EarningsILPT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40

4.2 Price Multiples

ILPT's Enterprise Value to EBITDA is on the same level as the industry average.
ILPT's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 324.05
EV/EBITDA 14.84
ILPT Per share dataILPT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

A cheap valuation may be justified as ILPT's earnings are expected to decrease with -30.29% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-78.16%
EPS Next 3Y-30.29%

2

5. Dividend

5.1 Amount

ILPT has a Yearly Dividend Yield of 3.40%.
Compared to an average industry Dividend Yield of 6.54, ILPT's dividend is way lower than its industry peers. On top of this 80.62% of the companies listed in the same industry pay a better dividend than ILPT!
Compared to an average S&P500 Dividend Yield of 2.36, ILPT pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.4%

5.2 History

The dividend of ILPT decreases each year by -50.30%.
ILPT has been paying a dividend for over 5 years, so it has already some track record.
The dividend of ILPT decreased recently.
Dividend Growth(5Y)-50.3%
Div Incr Years0
Div Non Decr Years1
ILPT Yearly Dividends per shareILPT Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

The earnings of ILPT are negative and hence is the payout ratio. ILPT will probably not be able to sustain this dividend level.
The Dividend Rate of ILPT has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-2.88%
EPS Next 2Y-78.16%
EPS Next 3Y-30.29%
ILPT Yearly Income VS Free CF VS DividendILPT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M

INDUSTRIAL LOGISTICS PROPERT

NASDAQ:ILPT (8/20/2025, 8:03:05 PM)

After market: 5.93 0 (0%)

5.93

-0.03 (-0.5%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)07-29 2025-07-29/amc
Earnings (Next)10-27 2025-10-27
Inst Owners47.85%
Inst Owner Change1.34%
Ins Owners10.59%
Ins Owner Change23.13%
Market Cap393.40M
Analysts80
Price Target6.32 (6.58%)
Short Float %1.75%
Short Ratio1.59
Dividend
Industry RankSector Rank
Dividend Yield 3.4%
Yearly Dividend0.04
Dividend Growth(5Y)-50.3%
DP-2.88%
Div Incr Years0
Div Non Decr Years1
Ex-Date07-21 2025-07-21 (0.05)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)4.2%
PT rev (3m)-38%
EPS NQ rev (1m)-13.04%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)27.64%
Revenue NQ rev (1m)0.31%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 45.62
Fwd PE N/A
P/S 0.89
P/FCF 324.05
P/OCF 30.49
P/B 0.76
P/tB 1.16
EV/EBITDA 14.84
EPS(TTM)0.13
EY2.19%
EPS(NY)-0.62
Fwd EYN/A
FCF(TTM)0.02
FCFY0.31%
OCF(TTM)0.19
OCFY3.28%
SpS6.68
BVpS7.83
TBVpS5.1
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.75%
ROE -17.71%
ROCE 2.78%
ROIC 2.19%
ROICexc 2.22%
ROICexgc 2.32%
OM 32.31%
PM (TTM) N/A
GM 86.16%
FCFM 0.27%
ROA(3y)-2.57%
ROA(5y)0.56%
ROE(3y)-20.61%
ROE(5y)-8.43%
ROIC(3y)1.99%
ROIC(5y)3.18%
ROICexc(3y)2.03%
ROICexc(5y)3.23%
ROICexgc(3y)2.15%
ROICexgc(5y)3.41%
ROCE(3y)2.52%
ROCE(5y)4.03%
ROICexcg growth 3Y-24.2%
ROICexcg growth 5Y-9.45%
ROICexc growth 3Y-24.42%
ROICexc growth 5Y-9.25%
OM growth 3Y-12.7%
OM growth 5Y-6.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.16%
GM growth 5Y-0.21%
F-Score5
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 8.09
Debt/FCF 3459.9
Debt/EBITDA 13.74
Cap/Depr 7.2%
Cap/Sales 2.64%
Interest Coverage 0.61
Cash Conversion 4.22%
Profit Quality N/A
Current Ratio 2.46
Quick Ratio 2.46
Altman-Z 0.12
F-Score5
WACC5.32%
ROIC/WACC0.41
Cap/Depr(3y)8.64%
Cap/Depr(5y)8.91%
Cap/Sales(3y)3.43%
Cap/Sales(5y)2.97%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-75%
EPS 3Y-33.84%
EPS 5Y-8.13%
EPS Q2Q%-328.57%
EPS Next Y-271.28%
EPS Next 2Y-78.16%
EPS Next 3Y-30.29%
EPS Next 5YN/A
Revenue 1Y (TTM)0.37%
Revenue growth 3Y26.23%
Revenue growth 5Y14.05%
Sales Q2Q%1.34%
Revenue Next Year1.78%
Revenue Next 2Y1.7%
Revenue Next 3Y2.79%
Revenue Next 5Y2.89%
EBIT growth 1Y5.03%
EBIT growth 3Y10.2%
EBIT growth 5Y6.33%
EBIT Next Year136.07%
EBIT Next 3Y38.03%
EBIT Next 5Y22.78%
FCF growth 1Y118.12%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-0.74%
OCF growth 3Y-73.92%
OCF growth 5Y-55.8%