Industrial Logistics Properties Trust
ILPT
$2.64
-$0.06-2.22%
NASDAQ
Corporate Info
Website
Phone Number
617 219 1460
Address
Two Newton Place
255 Washington Street, Suite 300
Newton, MA 02458-1634
255 Washington Street, Suite 300
Newton, MA 02458-1634
Country
United States
Year Founded
2017
Details
Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Employees
Business Decription
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. Approximately 77% of ILPT’s annualized rental revenues as of December 31, 2023 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management as of December 31, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA.