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.
ILPT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Industrial Logistics Properties Trust. To summarize, we found that Industrial Logistics Properties Trust ranked in the 5th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Industrial Logistics Properties Trust ended up being:
The company's compound free cash flow growth rate over the past 2.9 years comes in at -0.33%; that's greater than merely 4.79% of US stocks we're applying DCF forecasting to.
The company has produced more trailing twelve month cash flow than merely 22.53% of its sector Real Estate.
Industrial Logistics Properties Trust's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 23.62% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced a regular quarterly cash distribution on its common shares of $0.33 per 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 January 25, 2021 and distributed on or about February 18, 2021.
Industrial Logistics Properties Trust (Nasdaq: ILPT) announced the acquisition of a net leased Class A industrial building in Kansas City, Kansas for a purchase price of $44.0 million, excluding acquisition related costs. The building is situated on 57 acres located at 17001 West Mercury Street and consists of approximately 645,000 rentable square feet. This single tenant property is 100% leased and has a remaining lease term of approximately 12 years. The purchase price represents a 6.5% capitalization rate.
Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that President John Murray, Chief Financial Officer Rick Siedel and Chief Operating Officer Yael Duffy will be participating in 1x1 meetings at the Capital One Securities Inaugural REIT Conference on Monday, January 11, 2021. Any institutional investors interested in meeting with ILPT should contact Tara Marasco Smith at [email protected]
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