Industrial Logistics Properties Trust (ILPT) is a real estate investment trust (REIT) formed to own and lease industrial and logistics properties throughout the United States.

As of December 31, 2020, ILPT owned 289 industrial and logistics properties with 35 million rentable square feet which are approximately 98.5% leased to 273 different tenants with a weighted average remaining lease term of approximately 9.5 years.

  • Approximately 50% of annualized rental revenues come from 63 industrial and logistics properties with approximately 18.1 million square feet located in 30 states on the U.S. mainland.
  • Approximately 50% of annualized rental revenues come from 226 properties (buildings, leasable land parcels and easements) with approximately 16.8 million square feet located on the island of Oahu, Hawaii, most of which are long term ground leases to tenants who have constructed buildings and operate businesses on ILPT’s lands.

Logistics properties are a subset of industrial properties that are primarily used for warehouse and distribution purposes. We believe the U.S. retail industry is experiencing a major shift away from stores and shopping centers to e-commerce sales platforms and that this change is causing increasing demand for industrial and logistics real estate. We intend to expand our business by focusing on properties that may benefit from the growth of e-commerce.

ILPT became a publicly traded REIT in January 2018. ILPT is a component of 144 market indices and it comprises more than 1% of the following indices as of December 31, 2020: Invesco KBW Premium Yield Equity REIT ETF INAV Index (KBWYIV) and the Bloomberg Reit Industrial/Warehouse Index (BBREINDW).