NEWTON, Mass.--(BUSINESS WIRE)--July 10, 2025-- 

Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that its Board of Trustees has increased its quarterly cash distribution on its common shares from $0.01 per share to $0.05 per share ($0.20 per share per year). This distribution will be paid on or about August 14, 2025, to ILPT's shareholders of record as of the close of business on July 21, 2025.

Tiffany Sy, Chief Financial Officer and Treasurer of ILPT, made the following statement:

"Following last month's successful refinancing of $1.235 billion of floating rate debt into $1.16 billion of fixed rate debt, the Board has decided to raise the quarterly distribution. The estimated annual cash savings of $0.13 per share resulting from the refinancing and the elimination of the requirement to purchase interest rate caps on the refinanced debt, combined with the consistent performance of our portfolio, support the higher distribution rate. This rate increase reflects the Board's confidence in our sustained performance and our commitment to delivering long-term shareholder value."

About Industrial Logistics Properties Trust

ILPT is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties. As of March 31, 2025, ILPT's portfolio consisted of 411 properties containing approximately 59.9 million rentable square feet located in 39 states. Approximately 76% of ILPT's annualized rental revenues as of March 31, 2025 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 approximately $40 billion in assets under management as of March 31, 2025 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. For more information, visit www.ilptreit.com.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon ILPT's present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond ILPT's control.

These statements include, among others, statements regarding ILPT's distribution rate, which may imply that ILPT will continue to pay quarterly distributions at that rate in the future, and statements regarding ILPT's estimated annual cash savings from its recent refinancing transaction, the performance of ILPT's portfolio and ILPT's commitment to delivering long-term shareholder value. However, ILPT may not generate the annual cash savings it expects from the refinancing transaction and its portfolio may not continue to perform consistent with prior or expected levels which may impact ILPT's ability to deliver shareholder value in the long-term as it currently expects, in each case for various reasons beyond its control. ILPT's distribution rate may be set and reset from time to time by ILPT's Board of Trustees. ILPT's Board of Trustees considers many factors when setting or resetting ILPT's distribution rate, including ILPT's funds from operations and normalized funds from operations, cash available for distribution, requirements to maintain ILPT's qualification for taxation as a REIT, the then current and expected needs and availability of cash to pay ILPT's obligations and fund its investments, limitations in ILPT's debt agreements, the availability to ILPT of debt and equity capital, ILPT's dividend yield and its dividend yield compared to the dividend yields of other REITs, ILPT's expectation of its future capital requirements and operating performance and other factors deemed relevant by ILPT's Board of Trustees in its discretion. Accordingly, any future distributions to ILPT's shareholders may be increased, decreased, suspended or discontinued, and ILPT cannot be sure as to the rate at which future distributions, if any, will be paid. As a result, ILPT may not be able to deliver long-term shareholder value.

The information contained in ILPT's filings with the Securities and Exchange Commission, or SEC, including under the caption "Risk Factors" in ILPT's periodic reports, or incorporated therein, identifies other important factors that could cause differences from ILPT's forward-looking statements. ILPT's filings with the SEC are available on the SEC's website at www.sec.gov.

You should not place undue reliance upon forward-looking statements.

Except as required by law, ILPT does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250709235208/en/

 
    CONTACT:    Kevin Barry, Senior Director, Investor Relations 

(617) 219-1410

(END) Dow Jones Newswires

July 10, 2025 08:00 ET (12:00 GMT)