Industrial Logistics Properties Trust (NASDAQ:ILPT) Issues Earnings Results

Industrial Logistics Properties Trust (NASDAQ:ILPT) issued its quarterly 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 Stock Performance

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

Industrial Logistics Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be given 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 is Monday, January 27th. Industrial Logistics Properties Trust’s dividend payout ratio 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.