Industrial Logistics Properties Trust (ILPT)
Market Price (7/15/2026): $8.925 | Market Cap: $590.6 MilSector: Real Estate | Industry: Industrial REITs
Industrial Logistics Properties Trust (ILPT)
Market Price (7/15/2026): $8.925Market Cap: $590.6 MilSector: Real EstateIndustry: Industrial REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% Attractive yieldFCF Yield is 11% Low stock price volatilityVol 12M is 46% Megatrend and thematic driversMegatrends include E-commerce Logistics & Data Centers, E-commerce & Digital Retail, and E-commerce & DTC Adoption. Themes include E-commerce Logistics REITs, Show more. | Trading close to highsDist 52W High is -4.6%, Dist 3Y High is -4.6% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 694% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 60% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12% Key risksILPT key risks include [1] its substantial debt burden with significant interest rate exposure, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Attractive yieldFCF Yield is 11% |
| Low stock price volatilityVol 12M is 46% |
| Megatrend and thematic driversMegatrends include E-commerce Logistics & Data Centers, E-commerce & Digital Retail, and E-commerce & DTC Adoption. Themes include E-commerce Logistics REITs, Show more. |
| Trading close to highsDist 52W High is -4.6%, Dist 3Y High is -4.6% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 694% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 60% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12% |
| Key risksILPT key risks include [1] its substantial debt burden with significant interest rate exposure, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Industrial Logistics Properties Trust (ILPT) stock has gained about 55% since 3/31/2026 because of the following key factors:
1. Successful Debt Refinancing and De-risking: Industrial Logistics Properties Trust (ILPT) significantly improved its financial profile by successfully refinancing $1.6 billion in debt at a fixed rate. This action addressed near-term debt maturities up to 2029 and eliminated exposure to variable interest rates, thereby reducing financial risk and enhancing stability.
2. Strong Operational Performance and Leasing Spreads: The company demonstrated robust operational strength through impressive leasing activity. In fiscal Q1 2026, ILPT achieved a weighted average leasing spread of 26.3% across new and renewal leases, contributing to a 3.2% year-over-year increase in net operating income (NOI). Furthermore, ILPT announced two new leases totaling over 2.7 million square feet in Indianapolis, Indiana, and Kapolei, Hawaii, in June 2026, which helped increase portfolio occupancy to over 98%.
Show more
Industrial Logistics Properties Trust (ILPT) stock has gained about 55% since 3/31/2026 because of the following key factors:
1. Successful Debt Refinancing and De-risking: Industrial Logistics Properties Trust (ILPT) significantly improved its financial profile by successfully refinancing $1.6 billion in debt at a fixed rate. This action addressed near-term debt maturities up to 2029 and eliminated exposure to variable interest rates, thereby reducing financial risk and enhancing stability.
2. Strong Operational Performance and Leasing Spreads: The company demonstrated robust operational strength through impressive leasing activity. In fiscal Q1 2026, ILPT achieved a weighted average leasing spread of 26.3% across new and renewal leases, contributing to a 3.2% year-over-year increase in net operating income (NOI). Furthermore, ILPT announced two new leases totaling over 2.7 million square feet in Indianapolis, Indiana, and Kapolei, Hawaii, in June 2026, which helped increase portfolio occupancy to over 98%.
3. Increased Quarterly Distribution and Positive Financial Outlook: On July 9, 2026, ILPT's Board of Trustees doubled its quarterly cash distribution from $0.05 per share to $0.10 per share, reflecting increased confidence in its cash flows and commitment to shareholder value. This decision followed strong fiscal Q1 2026 results, where normalized FFO reached $0.33 per share, beating estimates by $0.02 and soaring 65% year-over-year. The company also provided a strong full-year 2026 normalized FFO guidance of $1.27-$1.34 per share, anticipating robust performance in the second half of the year.
4. Favorable Valuation and Analyst Confidence: At the beginning of fiscal Q2 2026, ILPT was perceived as attractively valued, trading at approximately 5.7 times its projected 2026 normalized FFO. This valuation, combined with a consensus "Moderate Buy" rating from analysts and average price targets around $10.00 (suggesting an upside potential of over 11%), contributed to positive investor sentiment and demand for the stock.
Show less
Stock Movement Drivers
Fundamental Drivers
The 57.2% change in ILPT stock from 3/31/2026 to 7/14/2026 was primarily driven by a 55.7% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7142026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.68 | 8.93 | 57.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 449 | 453 | 1.0% |
| P/S Multiple | 0.8 | 1.3 | 55.7% |
| Shares Outstanding (Mil) | 66 | 66 | 0.0% |
| Cumulative Contribution | 57.2% |
Market Drivers
3/31/2026 to 7/14/2026| Return | Correlation | |
|---|---|---|
| ILPT | 57.2% | |
| Market (SPY) | 15.6% | 31.6% |
| Sector (XLRE) | 8.9% | 22.6% |
Fundamental Drivers
The 62.6% change in ILPT stock from 12/31/2025 to 7/14/2026 was primarily driven by a 60.0% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7142026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.49 | 8.93 | 62.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 445 | 453 | 1.8% |
| P/S Multiple | 0.8 | 1.3 | 60.0% |
| Shares Outstanding (Mil) | 66 | 66 | -0.1% |
| Cumulative Contribution | 62.6% |
Market Drivers
12/31/2025 to 7/14/2026| Return | Correlation | |
|---|---|---|
| ILPT | 62.6% | |
| Market (SPY) | 10.6% | 32.9% |
| Sector (XLRE) | 11.0% | 31.0% |
Fundamental Drivers
The 101.6% change in ILPT stock from 6/30/2025 to 7/14/2026 was primarily driven by a 97.6% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7142026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.43 | 8.93 | 101.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 442 | 453 | 2.6% |
| P/S Multiple | 0.7 | 1.3 | 97.6% |
| Shares Outstanding (Mil) | 66 | 66 | -0.5% |
| Cumulative Contribution | 101.6% |
Market Drivers
6/30/2025 to 7/14/2026| Return | Correlation | |
|---|---|---|
| ILPT | 101.6% | |
| Market (SPY) | 22.7% | 28.9% |
| Sector (XLRE) | 10.1% | 37.8% |
Fundamental Drivers
The 184.5% change in ILPT stock from 6/30/2023 to 7/14/2026 was primarily driven by a 171.6% change in the company's P/S Multiple.| (LTM values as of) | 6302023 | 7142026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.14 | 8.93 | 184.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 427 | 453 | 6.2% |
| P/S Multiple | 0.5 | 1.3 | 171.6% |
| Shares Outstanding (Mil) | 65 | 66 | -1.3% |
| Cumulative Contribution | 184.5% |
Market Drivers
6/30/2023 to 7/14/2026| Return | Correlation | |
|---|---|---|
| ILPT | 184.5% | |
| Market (SPY) | 75.6% | 32.3% |
| Sector (XLRE) | 29.6% | 49.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ILPT Return | 13% | -86% | 46% | -22% | 56% | 59% | -57% |
| Peers Return | 60% | -29% | 16% | -12% | 1% | 18% | 37% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| ILPT Win Rate | 75% | 8% | 42% | 33% | 50% | 43% | |
| Peers Win Rate | 75% | 33% | 47% | 44% | 56% | 69% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| ILPT Max Drawdown | -23% | -88% | -65% | -37% | -38% | -18% | |
| Peers Max Drawdown | -10% | -38% | -24% | -20% | -30% | -13% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LINE, FR, TRNO, SMA, PLD.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/14/2026 (YTD)
How Low Can It Go
| Event | ILPT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -35.1% | -18.8% |
| % Gain to Breakeven | 54.2% | 23.1% |
| Time to Breakeven | 66 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.0% | -9.5% |
| % Gain to Breakeven | 63.9% | 10.5% |
| Time to Breakeven | 37 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -60.9% | -6.7% |
| % Gain to Breakeven | 155.5% | 7.1% |
| Time to Breakeven | 99 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.0% | -33.7% |
| % Gain to Breakeven | 75.3% | 50.9% |
| Time to Breakeven | 176 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -13.4% | -19.2% |
| % Gain to Breakeven | 15.5% | 23.8% |
| Time to Breakeven | 40 days | 105 days |
In The Past
Industrial Logistics Properties Trust's stock fell -35.1% during the 2025 US Tariff Shock. Such a loss loss requires a 54.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | ILPT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -35.1% | -18.8% |
| % Gain to Breakeven | 54.2% | 23.1% |
| Time to Breakeven | 66 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.0% | -9.5% |
| % Gain to Breakeven | 63.9% | 10.5% |
| Time to Breakeven | 37 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -60.9% | -6.7% |
| % Gain to Breakeven | 155.5% | 7.1% |
| Time to Breakeven | 99 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.0% | -33.7% |
| % Gain to Breakeven | 75.3% | 50.9% |
| Time to Breakeven | 176 days | 140 days |
In The Past
Industrial Logistics Properties Trust's stock fell -35.1% during the 2025 US Tariff Shock. Such a loss loss requires a 54.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Industrial Logistics Properties Trust (ILPT)
Industrial Logistics Properties Trust (ILPT) is a real estate investment trust, or REIT, that specializes in owning and leasing industrial and logistics properties throughout the United States. As a REIT, ILPT's primary business model revolves around acquiring, developing, and managing a diverse portfolio of industrial assets such as warehouses, distribution centers, and manufacturing facilities. The company generates its revenue by leasing these properties to various tenants, providing them with the essential physical infrastructure for their operations.
The main service ILPT provides is the rental of strategically located and well-maintained industrial and logistics real estate. Its primary customers are businesses across a wide spectrum of industries that require large-scale space for manufacturing, storage, and distribution. This includes companies involved in e-commerce, third-party logistics (3PL), traditional manufacturing, and wholesale distribution. ILPT serves the broad U.S. industrial real estate market, aiming to capitalize on demand driven by factors such as global trade, supply chain optimization, and the expansion of online retail.
AI Analysis | Feedback
Here are 1-3 brief analogies for Industrial Logistics Properties Trust (ILPT):
- ILPT is like the **Simon Property Group**, but for warehouses instead of shopping malls.
- ILPT is like a **Public Storage** for big businesses, owning giant warehouses and distribution centers instead of individual storage units.
- ILPT is like the **Verizon** of industrial real estate, building and maintaining the physical network of warehouses and distribution centers that power e-commerce and supply chains.
AI Analysis | Feedback
- Leasing of Industrial and Logistics Properties: ILPT provides tenants with industrial and logistics spaces through lease agreements for various business operations.
AI Analysis | Feedback
Industrial Logistics Properties Trust (ILPT) sells primarily to other companies. Its major customer is:
- Diversified Healthcare Trust (DHR)
As of December 31, 2023, approximately 94.6% of ILPT's industrial and logistics properties, based on annualized rental income, were leased to DCI, which is owned by Diversified Healthcare Trust (DHR).
AI Analysis | Feedback
- The RMR Group Inc. (RMR)
AI Analysis | Feedback
Yael Duffy - President and Chief Executive Officer
Ms. Duffy was appointed President and Chief Executive Officer of ILPT, effective January 1, 2026. Prior to this, she served as President of ILPT since April 2022 and Chief Operating Officer since May 2020. Ms. Duffy is also an Executive Vice President of The RMR Group (Nasdaq: RMR), responsible for overseeing asset management, leasing, and property management functions for a portfolio of office, industrial, and retail properties managed by RMR. She joined RMR in 2006 and has held various positions with the company since that time. Since January 2024, she has also been President and Chief Operating Officer of Office Properties Income Trust.
Tiffany Sy - Chief Financial Officer and Treasurer
Ms. Sy serves as the Chief Financial Officer and Treasurer of Industrial Logistics Properties Trust. She assumed this role after Brian E. Donley's tenure as CFO and Treasurer from October 2022 to September 2023.
Adam Portnoy - Managing Trustee
Mr. Portnoy is a Managing Trustee of Industrial Logistics Properties Trust. He is also the President and Chief Executive Officer of The RMR Group (Nasdaq: RMR) and Chair of RMR's Management Committee. The RMR Group manages ILPT. Prior to joining RMR in 2003, Mr. Portnoy held various positions in the finance industry and public sector, including working as a banker at Donaldson, Lufkin & Jenrette and ABN AMRO, and in private equity at the International Finance Corporation (a member of The World Bank Group) and DLJ Merchant Banking Partners. He also served as Chief Executive Officer of a telecommunications company. He serves on the Boards of several other companies managed by RMR or its affiliates, including Service Properties Trust (Nasdaq: SVC), Diversified Healthcare Trust (Nasdaq: DHC), and Office Properties Income Trust (Nasdaq: OPI).
Marc Krohn - Vice President
Mr. Krohn serves as a Vice President of Industrial Logistics Properties Trust. He participates in the company's earnings calls, discussing leasing activity and tenant retention.
AI Analysis | Feedback
Key Business Risks for Industrial Logistics Properties Trust (ILPT)
Industrial Logistics Properties Trust (ILPT) faces several key risks to its business operations and financial performance.- High Leverage and Refinancing Uncertainty: ILPT is characterized by high leverage, with a significant loan backed by 104 properties maturing in October 2025. This floating-rate loan carries refinancing uncertainty, and future rate caps could be substantially more expensive upon maturity.
- Unstable Dividend Track Record and Unprofitability: The company has an unstable dividend track record and is currently unprofitable, with earnings forecast to decline over the next three years.
- Tenant Concentration: ILPT is exposed to risk from tenant concentration.
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
Industrial Logistics Properties Trust (ILPT) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:
-
Mark-to-Market Rent Growth: ILPT anticipates continued revenue growth through its ability to achieve higher rental rates on new leases and renewals. The company has consistently reported double-digit rent increases when re-leasing space, with 20.5% higher rental rates in 2023 and 21.1% in the second quarter of 2025 compared to prior rates for the same space. In the fourth quarter of 2025, rent roll-ups reached 25.7% on renewed leases.
-
Periodic Rent Resets on Hawaii Ground Leases: A significant portion of ILPT's portfolio consists of ground leases in Hawaii, which often include fixed rent increases or periodic rent resets to fair market value. These unique lease structures provide a built-in mechanism for revenue appreciation, with expectations of rent roll-ups as high as 30% in Hawaii.
-
Robust Demand for Industrial and Logistics Real Estate: The ongoing shift towards e-commerce platforms and the trend of reshoring manufacturing facilities in the U.S. are driving strong demand for high-quality industrial and logistics properties. This favorable market environment supports ILPT's ability to maintain high occupancy rates and secure favorable lease terms.
-
High Tenant Retention and Occupancy Rates: ILPT consistently maintains high occupancy rates across its portfolio, reaching 94.3% in the second quarter of 2025 and 94.1% in the third quarter of 2025. Coupled with strong tenant retention rates, such as 96% in the fourth quarter of 2025, this ensures a stable base of rental income and provides continuous opportunities to capture market rent growth upon lease expirations and renewals.
AI Analysis | Feedback
Capital Expenditures
- Industrial Logistics Properties Trust's (ILPT) latest trailing twelve months (TTM) capital expenditure (CapEx) stands at $14.92 million.
- Over the past five years, ILPT's average CapEx has been $761.84 million, with a median of $30.45 million. The highest CapEx recorded in this period was $3.7 billion on March 31, 2022, and the lowest was $5.7 million on December 31, 2024.
- Since its inception in January 2022, ILPT has pursued targeted growth through property purchases and ground-up developments in markets with strong demand for logistics space, which indicates the primary focus of its capital expenditures.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Industrial Logistics Properties Trust Earnings Notes | 12/16/2025 | |
| null | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 54.38 |
| Mkt Cap | 8.0 |
| Rev LTM | 618 |
| Op Inc LTM | 223 |
| FCF LTM | 183 |
| FCF 3Y Avg | 141 |
| CFO LTM | 367 |
| CFO 3Y Avg | 307 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.8% |
| Rev Chg 3Y Avg | 10.1% |
| Rev Chg Q | 8.7% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | 5.7% |
| Op Inc Chg 3Y Avg | 11.0% |
| Op Mgn LTM | 35.7% |
| Op Mgn 3Y Avg | 35.2% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 44.5% |
| CFO/Rev 3Y Avg | 42.3% |
| FCF/Rev LTM | 38.6% |
| FCF/Rev 3Y Avg | 36.9% |
Price Behavior
| Market Price | $8.93 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 01/12/2018 | |
| Distance from 52W High | -4.6% | |
| 50 Days | 200 Days | |
| DMA Price | $8.52 | $6.44 |
| DMA Trend | up | up |
| Distance from DMA | 4.8% | 38.8% |
| 3M | 1YR | |
| Volatility | 52.0% | 44.9% |
| Downside Capture | 35.92 | 67.51 |
| Upside Capture | 205.20 | 102.26 |
| Correlation (SPY) | 32.9% | 29.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.24 | 0.67 | 0.85 | 1.09 | 1.08 | 1.18 |
| Up Beta | 0.71 | 1.30 | 0.76 | 1.17 | 1.31 | 0.94 |
| Down Beta | 1.62 | 1.23 | 0.68 | 1.37 | 1.18 | 1.15 |
| Up Capture | -42% | 85% | 163% | 155% | 140% | 312% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 10 | 22 | 34 | 67 | 133 | 364 |
| Down Capture | -28% | -33% | 26% | 48% | 66% | 106% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 11 | 18 | 28 | 55 | 110 | 357 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ILPT | |
|---|---|---|---|---|
| ILPT | 66.5% | 45.6% | 1.25 | - |
| Sector ETF (XLRE) | 9.8% | 14.2% | 0.43 | 38.5% |
| Equity (SPY) | 21.7% | 12.6% | 1.28 | 29.6% |
| Gold (GLD) | 20.5% | 27.9% | 0.65 | 8.3% |
| Commodities (DBC) | 27.3% | 18.9% | 1.14 | -15.8% |
| Real Estate (VNQ) | 13.0% | 13.9% | 0.64 | 42.7% |
| Bitcoin (BTCUSD) | -47.0% | 42.7% | -1.37 | 19.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ILPT | |
|---|---|---|---|---|
| ILPT | -17.6% | 57.3% | -0.12 | - |
| Sector ETF (XLRE) | 2.9% | 19.1% | 0.06 | 49.6% |
| Equity (SPY) | 13.1% | 17.1% | 0.59 | 34.8% |
| Gold (GLD) | 17.2% | 18.4% | 0.76 | 7.0% |
| Commodities (DBC) | 8.6% | 19.5% | 0.33 | 3.0% |
| Real Estate (VNQ) | 2.7% | 18.9% | 0.04 | 52.1% |
| Bitcoin (BTCUSD) | 12.8% | 53.4% | 0.42 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ILPT | |
|---|---|---|---|---|
| ILPT | -6.3% | 48.5% | 0.02 | - |
| Sector ETF (XLRE) | 6.3% | 20.4% | 0.27 | 52.6% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 40.6% |
| Gold (GLD) | 11.2% | 16.1% | 0.57 | 6.7% |
| Commodities (DBC) | 6.3% | 18.0% | 0.27 | 10.1% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.21 | 55.0% |
| Bitcoin (BTCUSD) | 57.3% | 66.2% | 0.97 | 14.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/29/2026 | -1.1% | 4.7% | 19.4% |
| 2/18/2026 | 4.0% | 7.4% | 10.1% |
| 10/28/2025 | -9.3% | -9.1% | -4.8% |
| 7/29/2025 | -2.4% | 11.8% | 9.1% |
| 4/29/2025 | 0.0% | 9.9% | 27.1% |
| 2/18/2025 | -2.5% | -2.5% | -9.6% |
| 10/29/2024 | -7.1% | -7.4% | -1.8% |
| 7/30/2024 | -0.2% | -7.2% | -1.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 13 |
| # Negative | 11 | 11 | 11 |
| Median Positive | 2.0% | 4.1% | 9.7% |
| Median Negative | -3.4% | -7.2% | -9.6% |
| Max Positive | 16.1% | 17.9% | 31.9% |
| Max Negative | -9.3% | -15.2% | -24.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/29/2026 | -1.1% | 4.7% | 19.4% |
| 2/18/2026 | 4.0% | 7.4% | 10.1% |
| 10/28/2025 | -9.3% | -9.1% | -4.8% |
| 7/29/2025 | -2.4% | 11.8% | 9.1% |
| 4/29/2025 | 0.0% | 9.9% | 27.1% |
| 2/18/2025 | -2.5% | -2.5% | -9.6% |
| 10/29/2024 | -7.1% | -7.4% | -1.8% |
| 7/30/2024 | -0.2% | -7.2% | -1.6% |
| 4/30/2024 | 15.1% | 17.9% | 9.7% |
| 2/20/2024 | 0.2% | -10.6% | 0.0% |
| 10/25/2023 | 8.7% | 10.5% | 31.9% |
| 7/25/2023 | 0.5% | 4.0% | 19.1% |
| 4/25/2023 | 7.1% | 2.0% | -8.2% |
| 2/14/2023 | 16.1% | 2.4% | -21.7% |
| 10/25/2022 | -8.6% | -8.7% | -24.1% |
| 7/26/2022 | 0.3% | -1.0% | -14.6% |
| 4/26/2022 | -6.5% | -15.2% | -23.6% |
| 2/15/2022 | 3.4% | 1.2% | 1.8% |
| 10/27/2021 | 2.0% | 1.8% | -21.4% |
| 7/28/2021 | 0.8% | -1.6% | -1.0% |
| 4/26/2021 | -0.3% | 3.2% | 2.3% |
| 2/17/2021 | -3.4% | -3.7% | 3.9% |
| 10/28/2020 | -4.3% | -1.2% | 10.1% |
| 7/29/2020 | 1.1% | 4.1% | 3.2% |
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 13 |
| # Negative | 11 | 11 | 11 |
| Median Positive | 2.0% | 4.1% | 9.7% |
| Median Negative | -3.4% | -7.2% | -9.6% |
| Max Positive | 16.1% | 17.9% | 31.9% |
| Max Negative | -9.3% | -15.2% | -24.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/25/2023 | 10-Q |
| 03/31/2023 | 04/25/2023 | 10-Q |
| 12/31/2022 | 02/14/2023 | 10-K |
| 09/30/2022 | 10/25/2022 | 10-Q |
| 06/30/2022 | 07/26/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/25/2023 | 10-Q |
| 03/31/2023 | 04/25/2023 | 10-Q |
| 12/31/2022 | 02/14/2023 | 10-K |
| 09/30/2022 | 10/25/2022 | 10-Q |
| 06/30/2022 | 07/26/2022 | 10-Q |
| 03/31/2022 | 04/27/2022 | 10-Q |
| 12/31/2021 | 02/15/2022 | 10-K |
| 09/30/2021 | 10/27/2021 | 10-Q |
| 06/30/2021 | 07/28/2021 | 10-Q |
| 03/31/2021 | 04/26/2021 | 10-Q |
| 12/31/2020 | 02/18/2021 | 10-K |
| 09/30/2020 | 10/28/2020 | 10-Q |
| 06/30/2020 | 07/29/2020 | 10-Q |
| 03/31/2020 | 04/30/2020 | 10-Q |
| 12/31/2019 | 02/24/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
| 06/30/2019 | 07/30/2019 | 10-Q |
Investor Activity (13F)
Updated Jul 15, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank and community-bank filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Flat Footed LLC | $8.2 Mil | 2.7% | 15 | TRIM -15.6% | 13F |
| Active Manager |
|---|
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Flat Footed LLC | $8.2 Mil | 2.7% | 15 | TRIM -15.6% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Flat Footed LLC | $8.2 Mil | 2.7% | 15 | TRIM -15.6% | 13F |
Industry Resources
| Real Estate Resources |
| The Real Deal |
| Commercial Observer |
| Inman |
| Industrial REITs Resources |
| NAIOP |
| Industrial Property Journal |
| Commercial Property Executive - Industrial |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.