Industrial Logistics Properties TrustNASDAQ: ILPT

Industrial Logistics Properties Trust (ILPT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Industrial Logistics Properties Trust (ILPT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Industrial Logistics Properties Trust (NASDAQ:ILPT ) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Melissa McCarthy - Manager, Investor Relations Yael Duffy - President and Chief Operating Officer Marc Krohn - Vice President Tiffany Sy - Chief Financial Officer and Treasurer Conference Call Participants Bryan Maher - B. Riley FBR Mitchell Germain - JMP Securities Operator Good morning and welcome to the Industrial Logistics Properties Trust Third Quarter 2024 Financial Results Conference Call.

Industrial Logistics Properties Trust (ILPT) came out with quarterly funds from operations (FFO) of $0.12 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.12 per share a year ago.

Industrial Logistics Properties Trust (ILPT) came out with quarterly funds from operations (FFO) of $0.14 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.12 per share a year ago.

Industrial Logistics Properties Trust shares have plummeted due to high leverage, an ill-timed acquisition, higher interest rates, and governance issues. Industrial Logistics Properties owns over 400 industrial and logistics properties with a 99% occupancy rate and a weighted average remaining lease term of 8 years. The company's overleverage, variable rates, and poor governance have created a nightmare scenario for investors, despite the potential for value unlocking through asset sales.

ILPT reported FFO of $0.14 per share for the quarter, surpassing the Zacks Consensus Estimate of $0.13 per share. This is an improvement from FFO of $0.12 per share in the same quarter last year.

NEWTON, Mass.--(BUSINESS WIRE)--Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it will issue a press release containing its first quarter 2024 financial results after the Nasdaq closes on Tuesday, April 30, 2024. On Wednesday, May 1, 2024 at 10:00 a.m. Eastern Time, President and Chief Operating Officer Yael Duffy and Chief Financial Officer Tiffany Sy will host a conference call to discuss these results. The conference call telephone number is (877) 418-4826. Partici.

Industrial Logistics Properties Trust owns industrial properties tied to logistics and transportation, benefiting from the rise of e-commerce and global supply chains. ILPT has a highly leveraged balance sheet with a significant amount of debt, which poses risks for investors. The company's stock price has declined significantly, but it is still not cheap enough to warrant investment due to the concentration in one geographic region and the high level of leverage.