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Industrial Logistics Properties Trust (ILPT)
NASDAQ:ILPT
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.48Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -17.30%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong leasing performance and strategic management of interest rate caps, indicating operational resilience. However, challenges such as decreased occupancy and a significant tenant bankruptcy filing were noted, balancing the overall sentiment.Company Guidance
During the ILPT earnings call for Q3 2024, management provided guidance highlighting several key metrics. ILPT's portfolio consists of 411 properties across 39 states, totaling approximately 60 million square feet, with a significant Hawaii footprint of 16.7 million square feet across 226 properties. The company's weighted average lease term is 8 years, with top 10 tenants contributing nearly half of the annualized rental revenues. The call mentioned a consolidated occupancy rate of 94.4% and leasing achievements of over 2.7 million square feet at a 7% higher rate than prior leases. Financially, the company reported an FFO of $8.1 million, a 1.5% increase from the previous year, and an NOI decrease of 0.7% to $84.7 million. Additionally, ILPT extended a $1.2 billion floating rate loan, purchasing an interest rate cap with a SOFR strike rate of 2.78%. The management is optimistic about leasing vacant parcels in Hawaii and Indianapolis by 2025 and maintains a cautious stance on increasing their current dividend of $0.01 per share, prioritizing liquidity and financial flexibility.Strong Portfolio Performance
ILPT's portfolio consists of 411 properties across 39 states, with a strategic Hawaii footprint. The portfolio has a weighted average lease term of 8 years, with 77% of revenues from investment-grade tenants.
Leasing Achievements
Executed over 2.7 million square feet of leasing, with a 7% increase in weighted average rates and a 5.5-year lease term. Notable 2 million square feet renewal with FedEx at a 4.5% GAAP roll-up in rent.
Interest Rate Cap Management
Successfully exercised a $1.2 billion loan extension with a new interest rate cap at 2.78%, benefiting from lower than expected costs due to a Fed interest rate cut.
Stable Tenant Retention
94% of FedEx portfolio secured with long-term leases; nearly all 2024 expirations addressed, with 79,000 square feet set to expire.
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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 |
|---|---|---|---|
| Oct 29, 2024 | $3.93 | $3.65 | -7.12% |
| Jul 30, 2024 | $5.14 | $5.13 | -0.19% |
| Apr 30, 2024 | $3.50 | $4.03 | +15.14% |
| Feb 20, 2024 | $4.03 | $4.04 | +0.25% |
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 Feb 18, 2025, TBA Not Confirmed.
What is Industrial Logistics Properties Trust (ILPT) earnings time?
Industrial Logistics Properties Trust (ILPT) earnings time is at Feb 18, 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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