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Industrial Logistics Properties Trust (ILPT)
NASDAQ:ILPT
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.36Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -4.03%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call reveals a generally positive performance with strong leasing activity and financial results, particularly in the Hawaii portfolio. However, the impact of significant vacancies and potential challenges in leasing these properties, coupled with increased costs for interest rate caps, present concerns. The company shows resilience in debt management and tenant satisfaction, suggesting an overall optimistic outlook despite some hurdles.Company Guidance
During the Industrial Logistics Properties Trust (ILPT) Fourth Quarter 2024 Financial Results Conference Call, guidance was provided for the first quarter of 2025, with expectations for normalized funds from operations (FFO) to be between $0.16 and $0.18 per share. For the year-end 2024, ILPT reported a normalized FFO of $35.4 million or $0.54 per share, marking a 12.1% increase compared to 2023. The call highlighted the completion of 731,000 square feet of leasing in the fourth quarter, with rental rates increasing by an average of 39.3% over prior rents, contributing to an $8.2 million annualized rental revenue increase. The portfolio's consolidated occupancy stood at 94.4%, with a weighted average lease term of seven years. ILPT's financial stability was underscored by over $130 million in cash on hand and a net debt to total assets ratio of 68.6%. The company plans to exercise another loan extension for its $1.4 billion floating rate loan in March 2025, with expectations for first-quarter interest expense to decline to approximately $70 million.Strong Leasing Activity
For the full year, the company entered 58 new and renewal leases totaling 6.1 million square feet at weighted average rental rates that were 18.2% higher than prior rates, resulting in an increase of $8.2 million in annualized rental revenue.
Hawaii Portfolio Performance
During the fourth quarter, new leasing activity in Hawaii accounted for 148,000 square feet at rental rates that were 43% higher than prior rents with a weighted average lease term of 21.3 years.
Positive Financial Performance
Normalized FFO for the year increased by 12.1% compared to 2023, while adjusted EBITDAre increased by 2.2% to $335.6 million.
Successful Debt Management
The company exercised a one-year extension option for a $1.2 billion floating rate loan, resulting in a $2.2 million decrease in fourth-quarter interest expense.
High Tenant Satisfaction
The Kingsley Survey showed that the portfolio exceeded the industry benchmark in management satisfaction, leasing satisfaction, renewal intentions, and overall satisfaction, with 34 properties receiving the Kingsley Excellence Award.
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ILPT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ILPT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $3.97 | $3.87 | -2.52% |
| Oct 29, 2024 | $3.92 | $3.64 | -7.14% |
| Jul 30, 2024 | $5.12 | $5.11 | -0.20% |
| Apr 30, 2024 | $3.49 | $4.02 | +15.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Industrial Logistics Properties Trust (ILPT) report earnings?
Industrial Logistics Properties Trust (ILPT) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Industrial Logistics Properties Trust (ILPT) earnings time?
Industrial Logistics Properties Trust (ILPT) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ILPT EPS forecast?
Currently, no data Available
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