NASDAQ$ILPT

Industrial Logistics Properties Trust · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Announced first quarter 2024 results.

Industrial Logistics Properties Trust announced its financial results for the quarter ended March 31, 2024. As of March 31, 2024, ILPT’s portfolio consisted of 411 properties containing approximately 59.9 million rentable square feet located in 39 states. Approximately 77% of ILPT’s annualized rental revenues as of March 31, 2024 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases.

  • Financial results for the quarter ended March 31, 2024, were announced.
  • Portfolio consisted of 411 properties as of March 31, 2024.
  • The properties contain approximately 59.9 million rentable square feet.
  • Properties are located in 39 states.

Headline financials

Total Revenue

$112M

Previous: $110M+1.7%
EPS

-$0.36

Previous: $0.12-400.0%
Capital Expenditures

-$2.13M

Previous: -$3.78M+43.7%
Free Cash Flow

-$25.5M

Previous: -$28.6M+10.7%
Net Income

-$23.4M

Previous: -$24.8M+5.7%
Operating Income

$50.6M

Previous: -$53.1M+195.4%
Gross Profit

$112M

Previous: $110M+1.7%
Cash & Equivalents

$128M

Previous: $61.3M+109.6%
Total Assets

$5.53B

Previous: $5.63B-1.9%

Revenue & EPS history

ILPT · Revenue · Quarterly

$112M

Q1 2024+1.7%vs Q1 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.4%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-2.7%

Avg return

30 days after

45%

15 / 33 earnings

Positive

+10.7%

Q1 2024

Best reaction

-9.3%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%-0.8%
Q4 2025+4.0%+4.7%+4.0%
Q3 2025-9.3%-7.6%-4.5%
Q1 2025+0.0%+9.5%+25.6%
Q4 2024-2.5%-2.5%-13.4%
Q3 2024-7.6%-13.2%-2.3%
Q2 2024+2.4%-1.4%-2.0%
Q1 2024+10.7%+19.4%+5.5%
Q4 2023+0.0%-2.0%+2.0%
Q3 2023+5.5%+3.8%+28.0%
Q2 2023-7.1%-4.4%+1.5%
Q1 2023+5.0%+3.0%-11.0%
Q4 2022+9.7%+13.1%-26.0%
Q3 2022-5.5%-5.1%-21.6%
Q2 2022-0.5%+3.7%-14.3%
Q1 2022-9.1%-17.4%-23.6%
Q4 2021+3.8%+3.5%+2.2%
Q3 2021+1.1%+0.5%-22.1%
Q2 2021+0.7%-0.1%+1.6%
Q1 2021-1.1%+1.3%+2.6%
Q4 2020-3.7%-4.4%+2.9%
Q3 2020-3.2%-2.7%+9.3%
Q2 2020+1.8%+2.4%+4.3%
Q1 2020-3.1%-4.6%+3.6%
Q4 2019-3.0%-12.2%-32.8%
Q3 2019-3.5%-1.8%-1.3%
Q2 2019+2.9%+3.5%+2.6%
Q1 2019+1.2%+4.1%-3.3%
Q4 2018+2.5%+1.1%-5.7%
Q3 2018+0.5%-2.7%-1.6%
Q2 2018-2.1%-1.2%+2.5%
Q1 2018+0.4%+0.0%+4.0%
Q4 2017-2.5%-3.9%-1.6%
Q3 2017
Q2 2017
Q1 2017
Q4 2016

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