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INDUSTRIAL LOGISTICS PROPERT (ILPT) Stock Fundamental Analysis

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

5.46  +0.04 (+0.74%)

After market: 5.45 -0.01 (-0.18%)

Fundamental Rating

3

ILPT gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. ILPT has a medium profitability rating, but doesn't score so well on its financial health evaluation. ILPT is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

ILPT had positive earnings in the past year.
ILPT had a positive operating cash flow in the past year.
In multiple years ILPT reported negative net income over the last 5 years.
ILPT had a positive operating cash flow in each of the past 5 years.
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

The Return On Assets of ILPT (-1.75%) is worse than 71.32% of its industry peers.
ILPT has a worse Return On Equity (-17.39%) than 86.05% of its industry peers.
ILPT has a Return On Invested Capital of 2.12%. This is in the lower half of the industry: ILPT underperforms 63.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ILPT is in line with the industry average of 3.16%.
The last Return On Invested Capital (2.12%) for ILPT is above the 3 year average (1.99%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -1.75%
ROE -17.39%
ROIC 2.12%
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

ILPT has a Operating Margin of 32.07%. This is in the better half of the industry: ILPT outperforms 68.99% of its industry peers.
ILPT's Operating Margin has declined in the last couple of years.
The Gross Margin of ILPT (86.23%) is better than 87.60% of its industry peers.
In the last couple of years the Gross Margin of ILPT has remained more or less at the same level.
Industry RankSector Rank
OM 32.07%
PM (TTM) N/A
GM 86.23%
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

3

2. Health

2.1 Basic Checks

ILPT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
ILPT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for ILPT has been increased compared to 5 years ago.
Compared to 1 year ago, ILPT has a worse debt to assets ratio.
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 0.13. This is a bad value and indicates that ILPT is not financially healthy and even has some risk of bankruptcy.
ILPT has a Altman-Z score of 0.13. This is in the lower half of the industry: ILPT underperforms 72.09% of its industry peers.
A Debt/Equity ratio of 7.96 is on the high side and indicates that ILPT has dependencies on debt financing.
ILPT has a worse Debt to Equity ratio (7.96) than 91.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 7.96
Debt/FCF N/A
Altman-Z 0.13
ROIC/WACC0.4
WACC5.25%
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 3.13 indicates that ILPT has no problem at all paying its short term obligations.
The Current ratio of ILPT (3.13) is better than 89.92% of its industry peers.
ILPT has a Quick Ratio of 3.13. This indicates that ILPT is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.13, ILPT belongs to the best of the industry, outperforming 89.92% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.13
Quick Ratio 3.13
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

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 3050.00% over the past year.
Measured over the past years, ILPT shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.13% on average per year.
The Revenue has been growing slightly by 0.63% in the past year.
ILPT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.05% yearly.
EPS 1Y (TTM)3050%
EPS 3Y-33.84%
EPS 5Y-8.13%
EPS Q2Q%42.86%
Revenue 1Y (TTM)0.63%
Revenue growth 3Y26.23%
Revenue growth 5Y14.05%
Sales Q2Q%-0.29%

3.2 Future

Based on estimates for the next years, ILPT will show a very negative growth in Earnings Per Share. The EPS will decrease by -30.29% on average per year.
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 Year1.83%
Revenue Next 2Y1.78%
Revenue Next 3Y2.79%
Revenue Next 5Y2.89%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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

2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 9.25, the valuation of ILPT can be described as very reasonable.
ILPT's Price/Earnings ratio is rather cheap when compared to the industry. ILPT is cheaper than 95.35% of the companies in the same industry.
When comparing the Price/Earnings ratio of ILPT to the average of the S&P500 Index (27.69), we can say ILPT is valued rather cheaply.
The Forward Price/Earnings Ratio is negative for ILPT. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 9.25
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 60

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ILPT is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.83
ILPT Per share dataILPT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

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%

3

5. Dividend

5.1 Amount

ILPT has a Yearly Dividend Yield of 3.64%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.66, ILPT is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.34, ILPT pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.64%

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.
ILPT has decreased its dividend 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

ILPT has negative earnings and hence a negative payout ratio. The dividend may be in danger.
ILPT's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP-2.82%
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 (7/23/2025, 8:00:02 PM)

After market: 5.45 -0.01 (-0.18%)

5.46

+0.04 (+0.74%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)04-29 2025-04-29/amc
Earnings (Next)07-29 2025-07-29
Inst Owners49.81%
Inst Owner Change-0.05%
Ins Owners10.62%
Ins Owner Change23.13%
Market Cap361.12M
Analysts80
Price Target6.07 (11.17%)
Short Float %2.03%
Short Ratio2.16
Dividend
Industry RankSector Rank
Dividend Yield 3.64%
Yearly Dividend0.04
Dividend Growth(5Y)-50.3%
DP-2.82%
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)19%
PT rev (3m)-40.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)27.64%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 9.25
Fwd PE N/A
P/S 0.82
P/FCF N/A
P/OCF 67.56
P/B 0.67
P/tB 1.03
EV/EBITDA 14.83
EPS(TTM)0.59
EY10.81%
EPS(NY)-0.62
Fwd EYN/A
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)0.08
OCFY1.48%
SpS6.68
BVpS8.16
TBVpS5.28
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.75%
ROE -17.39%
ROCE 2.68%
ROIC 2.12%
ROICexc 2.16%
ROICexgc 2.27%
OM 32.07%
PM (TTM) N/A
GM 86.23%
FCFM N/A
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-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 7.96
Debt/FCF N/A
Debt/EBITDA 14.01
Cap/Depr 6.02%
Cap/Sales 2.24%
Interest Coverage 0.6
Cash Conversion 1.74%
Profit Quality N/A
Current Ratio 3.13
Quick Ratio 3.13
Altman-Z 0.13
F-Score6
WACC5.25%
ROIC/WACC0.4
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)3050%
EPS 3Y-33.84%
EPS 5Y-8.13%
EPS Q2Q%42.86%
EPS Next Y-271.28%
EPS Next 2Y-78.16%
EPS Next 3Y-30.29%
EPS Next 5YN/A
Revenue 1Y (TTM)0.63%
Revenue growth 3Y26.23%
Revenue growth 5Y14.05%
Sales Q2Q%-0.29%
Revenue Next Year1.83%
Revenue Next 2Y1.78%
Revenue Next 3Y2.79%
Revenue Next 5Y2.89%
EBIT growth 1Y6.64%
EBIT growth 3Y10.2%
EBIT growth 5Y6.33%
EBIT Next Year127.94%
EBIT Next 3Y38.03%
EBIT Next 5Y22.78%
FCF growth 1Y-165.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-80.84%
OCF growth 3Y-73.92%
OCF growth 5Y-55.8%