Industrial Logistics Properties Trust (ILPT) Key Metrics
ILPT valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $455.2M
- Enterprise value
- $4.56B
- P/E (TTM)
- — 10-yr median 17.7
- Forward P/E
- 17.4
- PEG ratio
- —
- Price / sales
- 1.0 10-yr median 3.4
- Price / book
- 1.1 10-yr median 1.0
- EV / EBITDA
- 14.7 10-yr median 14.5
- Dividend yield
- 3.67% $0.25 a year
- Beta
- 2.54
ILPT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsILPT valuation Price multiples at each fiscal year-end price.
ILPT returns How much profit the business earns on the capital it uses.
ILPT per-share figures Results divided by the shares outstanding at year-end.
ILPT financial health Debt, liquidity and how easily interest is covered.
ILPT efficiency & capital use Working capital cycle and where the cash goes.
ILPT valuation history
ILPT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ILPT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ILPT cash returned to shareholders
ILPT price vs earnings per share
ILPT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $365.7M | $239.8M | $307.5M | $213.4M | $1.63B | $1.52B | $1.46B | $1.26B | — | — |
| Enterprise value | $4.41B | $4.42B | $4.52B | $4.43B | $2.44B | $2.36B | $3.10B | $2.13B | — | — |
| P/E ratio | — | — | — | — | 13.6 | 18.5 | 27.8 | 17.0 | — | — |
| Price / sales | 0.8 | 0.5 | 0.7 | 0.5 | 7.4 | 6.0 | 6.4 | 7.8 | — | — |
| Price / book | 0.7 | 0.4 | 0.5 | 0.3 | 1.6 | 1.5 | 1.5 | 1.2 | — | — |
| Price / free cash flow | 8.7 | — | — | 2.6 | 14.8 | 13.2 | 12.5 | 13.7 | — | — |
| Price / operating cash flow | 6.0 | 122.2 | 25.6 | 2.6 | 14.8 | 13.2 | 12.5 | 13.0 | — | — |
| EV / sales | 9.8 | 10.0 | 10.3 | 11.4 | 11.1 | 9.3 | 13.5 | 13.1 | — | — |
| EV / EBITDA | 13.4 | 13.7 | 14.3 | 30.1 | 14.8 | 13.4 | 19.1 | 18.0 | — | — |
| EV / free cash flow | 104.8 | — | — | 53.2 | 22.1 | 20.6 | 26.6 | 23.2 | — | — |
| Earnings yield | −18.1% | −39.9% | −35.1% | −106.3% | 7.3% | 5.4% | 3.6% | 5.9% | — | — |
| Free cash flow yield | 11.5% | −1.6% | −2.4% | 39.0% | 6.8% | 7.6% | 8.0% | 7.3% | — | — |
| Dividend yield | 2.2% | 1.1% | 0.9% | 20.8% | 5.3% | 5.7% | 5.9% | 5.5% | — | — |
| Shareholder yield (dividends + buybacks) | 2.3% | 1.2% | 0.9% | 21.0% | 5.3% | 5.7% | 5.9% | 5.5% | — | — |
| Share price at fiscal year-end | $5.54 | $3.65 | $4.70 | $3.27 | $25.05 | $23.29 | $22.42 | $19.67 | — | — |
| Per share | ||||||||||
| Revenue per share | $6.80 | $6.73 | $6.68 | $5.95 | $3.37 | $3.91 | $3.52 | $2.53 | $2.41 | $2.36 |
| Earnings per share | −$1.00 | −$1.46 | −$1.65 | −$3.47 | $1.84 | $1.26 | $0.81 | $1.16 | $1.23 | $1.34 |
| Operating cash flow per share | $0.92 | $0.03 | $0.18 | $1.28 | $1.70 | $1.76 | $1.79 | $1.51 | $1.59 | $1.69 |
| Free cash flow per share | $0.64 | −$0.06 | −$0.11 | $1.28 | $1.70 | $1.76 | $1.79 | $1.43 | $1.50 | $1.67 |
| Cash per share | $2.77 | $2.00 | $1.72 | $0.74 | $0.45 | $0.35 | $0.44 | $0.15 | −$0.31 | −$0.35 |
| Book value per share | $7.42 | $8.55 | $10.24 | $12.12 | $15.92 | $15.41 | $15.31 | $16.03 | $8.65 | $20.20 |
| Tangible book value per share | $4.93 | $8.39 | $10.04 | $11.88 | $15.80 | $15.27 | $13.17 | $14.85 | $7.43 | $18.82 |
| Dividends per share | $0.12 | $0.04 | $0.04 | $0.68 | $1.32 | $1.32 | $1.32 | $1.09 | $2.37 | $2.37 |
| Capex per share | $0.28 | $0.09 | $0.30 | $55.28 | $2.14 | $1.87 | $13.86 | $0.08 | $0.09 | $0.02 |
| Debt per share | $64.00 | $65.69 | $66.09 | $65.40 | $12.89 | $13.31 | $25.64 | $13.65 | $12.61 | $1.33 |
| Shares outstanding | 66.0M | 65.7M | 65.4M | 65.2M | 65.2M | 65.1M | 65.1M | 64.1M | 65.0M | 65.0M |
| Change in shares outstanding | +0.5% | +0.4% | +0.3% | +0.1% | +0.1% | +0.1% | +1.4% | −1.3% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −12.6% | −15.5% | −14.8% | −24.8% | 11.7% | 8.2% | 5.2% | 9.4% | 8.5% | 6.6% |
| Return on invested capital (ROIC) | 2.5% | 2.3% | 2.1% | 2.6% | 5.6% | 8.9% | 4.5% | 5.5% | 5.8% | 6.2% |
| Return on assets (ROA) | −1.2% | −1.7% | −1.9% | −6.0% | 6.3% | 3.8% | 2.6% | 5.0% | 5.7% | 6.1% |
| Return on tangible assets | −1.3% | −1.8% | −1.9% | −4.0% | 6.3% | 4.3% | 2.3% | 5.1% | 6.0% | 6.5% |
| Free cash flow margin | 9.4% | −0.8% | −1.7% | 21.4% | 50.3% | 45.0% | 50.7% | 56.5% | 62.3% | 70.6% |
| Income quality (OCF / net income) | — | — | — | — | 0.92 | 1.40 | 2.22 | 1.30 | 1.29 | 1.26 |
| Financial health | ||||||||||
| Total debt | $4.22B | $4.32B | $4.32B | $4.27B | $840.6M | $866.6M | $1.67B | $875.2M | $819.8M | $86.7M |
| Cash & short-term investments | $183.0M | $131.7M | $112.3M | $48.3M | $29.4M | $22.8M | $28.4M | $9.6M | −$20.4M | −$22.5M |
| Net debt | $4.04B | $4.18B | $4.21B | $4.22B | $811.2M | $843.7M | $1.64B | $865.6M | $840.2M | $109.2M |
| Debt / equity | 8.63 | 7.68 | 6.45 | 5.40 | 0.81 | 0.86 | 1.68 | 0.85 | 1.46 | 0.07 |
| Debt / assets | 0.81 | 0.80 | 0.78 | 0.75 | 0.44 | 0.45 | 0.68 | 0.57 | 0.58 | 0.06 |
| Net debt / EBITDA | 12.32 | 12.99 | 13.30 | 28.67 | 4.91 | 4.77 | 10.09 | 7.34 | 7.73 | 0.95 |
| Current ratio | 0.23 | 4.56 | 4.71 | 3.16 | 0.50 | 6.46 | 0.29 | 0.16 | 0.07 | 2.81 |
| Quick ratio | 0.23 | 4.56 | −1.72 | 4.09 | 0.50 | 0.18 | 0.29 | 0.16 | 1.86 | 86.29 |
| Interest coverage | 0.6 | 0.5 | 0.4 | 0.4 | 2.9 | 3.9 | 2.0 | 5.6 | 33.9 | 39.4 |
| Working capital | −$1.10B | $290.1M | $287.5M | $169.4M | −$106.7M | $80.3M | −$239.6M | −$364.8M | −$722.3M | $30.3M |
| Invested capital | $4.53B | $4.75B | $4.88B | $5.01B | $1.85B | $1.85B | $2.64B | $1.89B | $1.40B | $1.42B |
| Tangible asset value | $736.5M | $998.5M | $1.15B | $1.32B | $1.03B | $994.3M | $857.1M | $952.5M | $483.1M | $1.22B |
| Net current asset value | −$3.97B | −$4.03B | −$4.04B | −$4.10B | −$765.2M | −$817.5M | −$1.36B | −$438.4M | −$797.8M | −$62.1M |
| Graham number | — | — | — | — | $25.64 | $20.90 | $16.67 | $20.45 | $15.49 | $24.65 |
| Graham net-net per share | −$60.66 | −$63.45 | −$60.39 | −$65.19 | −$12.03 | −$12.15 | −$21.25 | −$7.06 | −$23.49 | −$12.25 |
| Capital allocation | ||||||||||
| Dividends paid | $8.0M | $2.6M | $2.6M | $44.5M | $86.2M | $86.1M | $85.9M | $69.7M | $153.9M | $154.1M |
| Share buybacks (net) | $451,000 | $312,000 | $163,000 | $242,000 | $922,000 | $382,000 | $253,000 | $52,000 | $0 | $0 |
| Dividend payout ratio | — | — | — | — | 72.1% | 104.9% | 163.7% | 93.7% | 192.1% | 177.3% |
| Dividends + buybacks / free cash flow | 20.0% | — | — | 53.7% | 78.8% | 75.5% | 74.1% | 76.0% | 157.9% | 142.3% |
| Capex / revenue | 4.2% | 1.3% | 4.4% | 929.3% | 63.5% | 47.8% | 393.4% | 3.1% | 3.9% | 0.9% |
| Capex / operating cash flow | 30.7% | 290.3% | 161.8% | 4,332.8% | 126.2% | 106.2% | 775.3% | 5.2% | 5.8% | 1.2% |
| Capex / depreciation | 0.11 | 0.03 | 0.11 | 23.30 | 2.84 | 1.78 | 15.12 | 0.18 | 0.23 | 0.05 |
| Stock-based compensation / revenue | — | — | 0.4% | 0.6% | 1.1% | — | 0.5% | 0.6% | — | — |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 8.2% | 6.9% | 7.1% | 8.5% | 7.6% | 0.1% | 7.5% | 7.0% | 10.7% | 6.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 108.1 | 102.5 | 94.4 | 86.0 | 120.7 | 95.9 | 97.6 | 123.5 | 115.1 | 105.3 |
| Days of inventory on hand | — | — | 1,292.0 | -263.6 | — | 307.7 | 0.0 | -13,127.5 | -28,508.3 | -14,149.8 |
| Days payables outstanding | 70.4 | 401.7 | 408.7 | 365.3 | 215.3 | 80.8 | 171.4 | 218.2 | 144.6 | 61.5 |
| Cash conversion cycle (days) | 37.7 | -299.2 | 977.6 | -542.9 | 464.7 | 322.8 | -73.8 | -13,222.1 | -28,537.8 | -14,105.9 |
| Receivables turnover | 3.38 | 3.56 | 3.87 | 4.24 | 3.02 | 3.81 | 3.74 | 2.96 | 3.17 | 3.47 |
| Payables turnover | 5.18 | 0.91 | 0.89 | 1.00 | 1.70 | 4.52 | 2.13 | 1.67 | 2.52 | 5.94 |
| Inventory turnover | — | — | 0.28 | — | — | 1.19 | 30,367,000.00 | — | — | — |
| Asset turnover | 0.08 | 0.08 | 0.08 | 0.10 | 0.11 | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 |
| Average receivables | $132.9M | $124.2M | $113.1M | $91.4M | $72.7M | $66.9M | $61.3M | $55.0M | $49.4M | $44.2M |
| Average payables | $75.7M | $68.9M | $67.2M | $50.7M | $17.8M | $12.1M | $14.3M | $11.6M | $7.1M | $2.9M |
| Average inventory | — | — | $212.6M | −$36.6M | $46.2M | $46.2M | $1 | −$695.6M | −$1.40B | −$666.9M |
| Intangibles / total assets | 3.2% | 0.2% | 0.2% | 0.3% | 0.4% | 0.5% | 5.6% | 4.9% | 5.6% | 6.3% |
Computed from ILPT's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ILPT valuation and financial ratios
Industrial Logistics Properties earned a return on equity of −12.6% and a return on invested capital of 2.5% in fiscal 2025. It ended the year with $4.2 billion of debt and $183.0 million in cash and short-term investments, net debt of $4.0 billion. It returned $8.4 million to shareholders: $8.0 million in dividends and $0.5 million in share buybacks, 20% of free cash flow.
See the ILPT income statement, the ILPT chart for price history, or the ILPT stock overview for the latest quote and news.
ILPT key metrics FAQ
What is Industrial Logistics Properties's EV/EBITDA?
Industrial Logistics Properties's enterprise value was 13.4 times EBITDA at the end of fiscal 2025 (enterprise value $4.4 billion, EBITDA $327.9 million); the current EV/EBITDA is 14.7.
What is Industrial Logistics Properties's return on equity?
Industrial Logistics Properties's return on equity (ROE) was −12.6% in fiscal 2025: net income of -$66.2 million on average shareholders' equity of $525.9 million.
What is Industrial Logistics Properties's ROIC?
Industrial Logistics Properties's return on invested capital was 2.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Industrial Logistics Properties have?
Industrial Logistics Properties had total debt of $4.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 8.63 and $4.0 billion of net debt (12.32 times EBITDA).
What is Industrial Logistics Properties's dividend yield?
Industrial Logistics Properties's forward dividend yield is 3.67%. Industrial Logistics Properties paid $8.0 million in dividends in fiscal 2025 ($0.12 per share), a payout ratio of —.
Does Industrial Logistics Properties buy back its shares?
Yes. Industrial Logistics Properties spent $0.5 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.5% over the year, to 66.0M..
What is Industrial Logistics Properties's free cash flow yield?
Industrial Logistics Properties generated $42.0 million of free cash flow in fiscal 2025, a free cash flow yield of 11.5% on its market value at year-end ($365.7 million).
What is Industrial Logistics Properties's current ratio?
Industrial Logistics Properties's current ratio was 0.23 at the end of fiscal 2025: current assets were 0.23 times current liabilities.