Industrial Logistics Properties Trust (NASDAQ:ILPT) Announces Quarterly Earnings Results

Industrial Logistics Properties Trust (NASDAQ:ILPT) issued its 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 return on equity of 9.31% and a negative net margin of 23.33%.

Industrial Logistics Properties Trust Trading Down 1.0 %

Shares of NASDAQ:ILPT traded down $0.04 during trading on Tuesday, reaching $3.97. 137,002 shares of the company traded hands, compared to its average volume of 254,710. The firm has a market capitalization of $262.58 million, a price-to-earnings ratio of -2.53 and a beta of 1.84. Industrial Logistics Properties Trust has a 52-week low of $3.15 and a 52-week high of $5.45. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13. The business’s fifty day moving average is $3.70 and its 200-day moving average is $4.14.

Industrial Logistics Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, January 27th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -2.55%.

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.