Industrial Logistics Properties Trust of Beneficial Interest (ILPT) Company Bio
Industrial Logistics Properties Trust owns and leases industrial and logistics properties in the United States. It owns 266 properties with a total of approximately 28.5 million square feet, including 16.8 million square feet of industrial lands in Hawaii; and approximately 11.7 million square feet of industrial and logistics properties in 24 other states. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Industrial Logistics Properties Trust was founded in 2017 and is based in Newton, Massachusetts. Industrial Logistics Properties Trust is a subsidiary of Select Income REIT.
Industrial Logistics Properties Trust (Nasdaq:ILPT) today announced a regular quarterly cash distribution on its common shares of $0.33 per common share ($1.32 per share per year). This distribution will be paid to ILPT’s common shareholders of record as of the close of business on July 27, 2020 and distributed on or about August 20, 2020.
Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it will issue a press release containing its second quarter 2020 financial results before the Nasdaq opens on Wednesday, July 29, 2020. At 10:00 a.m. Eastern Time that morning, President and Chief Executive Officer John Murray, Chief Financial Officer Richard Siedel and Vice President and Chief Operating Officer Yael Duffy will host a conference call to discuss these results.
Investment Thesis The NETLease Corporate Real Estate ETF (NETL) offers exposure to 23 real estate investment trusts with properties in various industries that all utilize net leases. These contracts, which typically sport long lease terms, stipulate that the tenant will pay for all or almost all property-level expenses. This makes...
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