Industrial Logistics Properties Trust (ILPT) is a real estate investment trust (REIT) that owns and leases industrial and logistics properties throughout the United States.

As of March 31, 2024, ILPT owned 411 industrial and logistics properties with 59.9 million rentable square feet which are 99.0% leased to 301 different tenants with a weighted average remaining lease term of 8.0 years.

  • Approximately 72.0% of annualized rental revenues come from 185 industrial and logistics properties with approximately 43.2 million rentable square feet located in 38 states on the U.S. mainland.
  • Approximately 28.0% of annualized rental revenues come from 226 properties (buildings, leasable land parcels and easements) with approximately 16.7 million rentable 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 included in 117 market indices and comprises more than 1% of the following indices as of March 31, 2024: Invesco S&P SmallCap High Dividend Low Volatility ETF INAV Index (XSHDIV), Bloomberg US Micro Cap Real Estate Price Return Index (BMI CR), Bloomberg Real Estate Investment Trust Small Cap Index (BBRESMLC), Invesco KBW Premium Yield Equity REIT ETF INAV Index (KBWYIV) and ML INDUSTRIAL REITS (MLDIIREI).