Industrial Logistics Properties Trust (ILPT)
Market Price (8/30/2026): $8.34 | Market Cap: $552.3 MilSector: Real Estate | Industry: Industrial REITs
Industrial Logistics Properties Trust (ILPT)
Market Price (8/30/2026): $8.34Market Cap: $552.3 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 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% Attractive yieldDividend Yield is 2.4%, FCF Yield is 12% Low stock price volatilityVol 12M is 42% 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. | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 735% 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 -11% 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 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Attractive yieldDividend Yield is 2.4%, FCF Yield is 12% |
| Low stock price volatilityVol 12M is 42% |
| 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. |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 735% |
| 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 -11% |
| Key risksILPT key risks include [1] its substantial debt burden with significant interest rate exposure, Show more. |
Qualitative Assessment
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Industrial Logistics Properties Trust (ILPT) stock has gained about 15% since 4/30/2026 because of the following key factors:
1. Industrial Logistics Properties Trust (ILPT) doubled its quarterly cash distribution.
On July 9, 2026, ILPT announced a 100% increase in its quarterly cash distribution on common shares, raising it from $0.05 to $0.10 per share, payable on August 13, 2026. This significant increase reflects management's confidence in the durability of the company's cash flows and its commitment to delivering shareholder value.
2. The company successfully executed a major debt refinancing, reducing interest rate exposure.
In May 2026, a consolidated joint venture closed a $1.62 billion five-year fixed-rate, interest-only mortgage loan at 5.71%. The proceeds were used to refinance $1.4 billion of floating-rate mortgage debt that was due in March 2027 and an additional $0.2 billion of fixed-rate amortizing debt. This strategic move eliminated all consolidated floating-rate debt exposure, significantly reducing interest rate volatility and extending debt maturities until 2029, while also freeing up approximately $20 million in annual cash flow.
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Industrial Logistics Properties Trust (ILPT) stock has gained about 15% since 4/30/2026 because of the following key factors:
1. Industrial Logistics Properties Trust (ILPT) doubled its quarterly cash distribution.
On July 9, 2026, ILPT announced a 100% increase in its quarterly cash distribution on common shares, raising it from $0.05 to $0.10 per share, payable on August 13, 2026. This significant increase reflects management's confidence in the durability of the company's cash flows and its commitment to delivering shareholder value.
2. The company successfully executed a major debt refinancing, reducing interest rate exposure.
In May 2026, a consolidated joint venture closed a $1.62 billion five-year fixed-rate, interest-only mortgage loan at 5.71%. The proceeds were used to refinance $1.4 billion of floating-rate mortgage debt that was due in March 2027 and an additional $0.2 billion of fixed-rate amortizing debt. This strategic move eliminated all consolidated floating-rate debt exposure, significantly reducing interest rate volatility and extending debt maturities until 2029, while also freeing up approximately $20 million in annual cash flow.
3. ILPT demonstrated robust operational performance with high occupancy and strong rent growth.
For fiscal Q2 2026, ILPT executed approximately 5.4 million square feet of total leasing activity at weighted average GAAP rent increases of 35.4%, marking the seventh consecutive quarter of double-digit rent growth. The company successfully resolved two significant vacancies, leading to a 450-basis-point increase in consolidated portfolio occupancy to 99.1% as of June 30, 2026.
4. The company reported strong Normalized FFO growth and raised its full-year guidance for fiscal 2026.
Despite a reported net loss attributable to common shareholders in fiscal Q2 2026, Normalized FFO attributable to common shareholders increased by 48% year-over-year to $20.8 million, or $0.31 per diluted share. Following this performance, ILPT raised its full-year 2026 Normalized FFO guidance to $1.31–$1.39 per share, indicating management's positive outlook on future earnings.
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Stock Movement Drivers
Fundamental Drivers
The 13.5% change in ILPT stock from 4/30/2026 to 8/29/2026 was primarily driven by a 13.1% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8292026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.35 | 8.34 | 13.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 453 | 455 | 0.4% |
| P/S Multiple | 1.1 | 1.2 | 13.1% |
| Shares Outstanding (Mil) | 66 | 66 | -0.1% |
| Cumulative Contribution | 13.5% |
Market Drivers
4/30/2026 to 8/29/2026| Return | Correlation | |
|---|---|---|
| ILPT | 13.5% | |
| Market (SPY) | 7.1% | 25.4% |
| Sector (XLRE) | 0.2% | 42.0% |
Fundamental Drivers
The 59.5% change in ILPT stock from 1/31/2026 to 8/29/2026 was primarily driven by a 56.4% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8292026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.23 | 8.34 | 59.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 445 | 455 | 2.2% |
| P/S Multiple | 0.8 | 1.2 | 56.4% |
| Shares Outstanding (Mil) | 66 | 66 | -0.2% |
| Cumulative Contribution | 59.5% |
Market Drivers
1/31/2026 to 8/29/2026| Return | Correlation | |
|---|---|---|
| ILPT | 59.5% | |
| Market (SPY) | 11.5% | 31.0% |
| Sector (XLRE) | 8.1% | 28.0% |
Fundamental Drivers
The 62.6% change in ILPT stock from 7/31/2025 to 8/29/2026 was primarily driven by a 59.1% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8292026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.13 | 8.34 | 62.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 443 | 455 | 2.7% |
| P/S Multiple | 0.8 | 1.2 | 59.1% |
| Shares Outstanding (Mil) | 66 | 66 | -0.4% |
| Cumulative Contribution | 62.6% |
Market Drivers
7/31/2025 to 8/29/2026| Return | Correlation | |
|---|---|---|
| ILPT | 62.6% | |
| Market (SPY) | 22.7% | 30.2% |
| Sector (XLRE) | 10.2% | 37.7% |
Fundamental Drivers
The 110.3% change in ILPT stock from 7/31/2023 to 8/29/2026 was primarily driven by a 100.2% change in the company's P/S Multiple.| (LTM values as of) | 7312023 | 8292026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.97 | 8.34 | 110.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 428 | 455 | 6.4% |
| P/S Multiple | 0.6 | 1.2 | 100.2% |
| Shares Outstanding (Mil) | 65 | 66 | -1.3% |
| Cumulative Contribution | 110.3% |
Market Drivers
7/31/2023 to 8/29/2026| Return | Correlation | |
|---|---|---|
| ILPT | 110.3% | |
| Market (SPY) | 74.0% | 32.4% |
| Sector (XLRE) | 27.9% | 49.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ILPT Return | 13% | -86% | 46% | -22% | 56% | 54% | -58% |
| Peers Return | 60% | -29% | 16% | -12% | 1% | 13% | 32% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| ILPT Win Rate | 75% | 8% | 42% | 33% | 50% | 38% | |
| Peers Win Rate | 75% | 33% | 47% | 44% | 56% | 57% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
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 8/28/2026 (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
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Asset Allocation
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| 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.
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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.
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- Leasing of Industrial and Logistics Properties: ILPT provides tenants with industrial and logistics spaces through lease agreements for various business operations.
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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).
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- The RMR Group Inc. (RMR)
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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.
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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.
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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.
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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.
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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.
Peer Outperformance in Industrial REITs
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care REITs | 14 | 18.0% | 60.5% | 62.7% | WELL 213% · CTRE 128% · DHC 123% |
| Retail REITs | 22 | 13.5% | 36.9% | 36.8% | IVT 1595% · SKT 179% · SPG 110% |
| Other Specialized REITs | 11 | 4.0% | 18.9% | 20.6% | IRM 206% · LAMR 68% · EPR 68% |
| Real Estate Development | 6 | 0.5% | 10.7% | 20.0% | AXR 61% · JOE 52% · FOR 35% |
| Hotel & Resort REITs | 16 | 36.5% | 36.2% | 11.2% | RHP 88% · HST 73% · DRH 61% |
| Industrial REITs ← | 11 | 14.6% | 20.0% | 6.5% | EGP 30% · FR 26% · PLD 22% |
| Diversified REITs | 12 | 9.6% | 25.2% | -6.9% | CTO 75% · WPC 23% · LXP 17% |
| Single-Family Residential REITs | 4 | -2.4% | 2.9% | -14.8% | AMH -8% · ELS -13% · INVH -17% |
| Multi-Family Residential REITs | 13 | -4.4% | 2.8% | -15.0% | AIV 18% · ESS 4% · BRT 0% |
| Real Estate Services | 26 | -18.5% | -11.2% | -24.6% | REAX 1001% · CHCI 239% · CBRE 57% |
| Office REITs | 18 | 1.3% | 17.9% | -29.1% | PSTL 64% · CDP 61% · SLG 14% |
| Telecom Tower REITs | 3 | -10.2% | -10.5% | -42.1% | AMT -29% · SBAC -42% · CCI -50% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Industrial Logistics Properties Trust Earnings Notes | 12/16/2025 | |
| null | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 50.63 |
| Mkt Cap | 7.7 |
| Rev LTM | 631 |
| Op Inc LTM | 220 |
| FCF LTM | 230 |
| FCF 3Y Avg | 171 |
| CFO LTM | 368 |
| CFO 3Y Avg | 317 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.9% |
| Rev Chg 3Y Avg | 9.0% |
| Rev Chg Q | 9.6% |
| QoQ Delta Rev Chg LTM | 2.3% |
| Op Inc Chg LTM | 4.6% |
| Op Inc Chg 3Y Avg | 9.5% |
| Op Mgn LTM | 35.6% |
| Op Mgn 3Y Avg | 34.8% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 46.5% |
| CFO/Rev 3Y Avg | 41.3% |
| FCF/Rev LTM | 39.6% |
| FCF/Rev 3Y Avg | 35.7% |
Price Behavior
| Market Price | $8.34 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 01/12/2018 | |
| Distance from 52W High | -9.9% | |
| 50 Days | 200 Days | |
| DMA Price | $8.72 | $6.88 |
| DMA Trend | up | up |
| Distance from DMA | -4.3% | 21.2% |
| 3M | 1YR | |
| Volatility | 37.8% | 42.3% |
| Downside Capture | 73.56 | 63.46 |
| Upside Capture | 38.49 | 89.27 |
| Correlation (SPY) | 19.6% | 29.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.07 | 0.51 | 0.79 | 0.99 | 1.06 | 1.15 |
| Up Beta | -0.22 | 0.22 | 0.86 | 0.63 | 1.51 | 0.95 |
| Down Beta | 1.23 | 1.10 | 1.11 | 1.11 | 1.28 | 1.15 |
| Up Capture | 124% | 27% | 96% | 176% | 105% | 238% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 10 | 20 | 32 | 68 | 131 | 363 |
| Down Capture | 150% | 47% | 34% | 64% | 64% | 105% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 12 | 23 | 30 | 56 | 113 | 361 |
[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 | 43.9% | 42.1% | 0.97 | - |
| Sector ETF (XLRE) | 8.1% | 14.0% | 0.32 | 35.6% |
| Equity (SPY) | 20.1% | 12.8% | 1.16 | 29.3% |
| Gold (GLD) | 30.9% | 29.0% | 0.92 | 6.8% |
| Commodities (DBC) | 39.9% | 20.3% | 1.54 | -14.0% |
| Real Estate (VNQ) | 9.9% | 13.7% | 0.44 | 39.1% |
| Bitcoin (BTCUSD) | -27.5% | 43.6% | -0.61 | 16.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ILPT | |
|---|---|---|---|---|
| ILPT | -19.3% | 57.5% | -0.15 | - |
| Sector ETF (XLRE) | 2.1% | 19.2% | 0.01 | 49.3% |
| Equity (SPY) | 13.1% | 17.2% | 0.59 | 34.6% |
| Gold (GLD) | 19.7% | 18.7% | 0.85 | 6.8% |
| Commodities (DBC) | 11.5% | 19.6% | 0.46 | 2.6% |
| Real Estate (VNQ) | 2.0% | 18.9% | 0.00 | 51.8% |
| Bitcoin (BTCUSD) | 10.4% | 52.6% | 0.38 | 16.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ILPT | |
|---|---|---|---|---|
| ILPT | -6.7% | 48.3% | 0.01 | - |
| Sector ETF (XLRE) | 6.4% | 20.4% | 0.27 | 52.5% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 40.5% |
| Gold (GLD) | 12.2% | 16.3% | 0.61 | 6.6% |
| Commodities (DBC) | 7.3% | 18.0% | 0.33 | 9.9% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 54.8% |
| Bitcoin (BTCUSD) | 64.0% | 66.1% | 1.04 | 13.9% |
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Earnings Returns History
Updated 8/30/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -3.0% | 0.2% | -4.7% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 13 | 12 |
| # Negative | 12 | 11 | 12 |
| Median Positive | 2.7% | 4.0% | 9.9% |
| Median Negative | -3.2% | -7.2% | -8.9% |
| 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 |
| 7/29/2026 | -3.0% | 0.2% | -4.7% |
| 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% |
| SUMMARY STATS | |||
| # Positive | 12 | 13 | 12 |
| # Negative | 12 | 11 | 12 |
| Median Positive | 2.7% | 4.0% | 9.9% |
| Median Negative | -3.2% | -7.2% | -8.9% |
| 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 |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 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 |
Investor Activity (13F)
Updated Aug 30, 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, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
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 |
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