Industrial Logistics Properties Trust (ILPT) financial statements
Net income was -$66M.
Free cash flow was $42M, and the company returned $8M in dividends and $451,000 in net buybacks.
The diluted share count rose 47% over the period (dilution).
Income statement
Fiscal years, from Industrial Logistics Properties Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Selling, general and admin | $9M | $17M | $11M | $17M | $200,000 | $17M | $33M | $31M | $30M | $37M |
| Interest expense | $2M | $2M | $16M | $51M | $52M | $36M | $280M | $289M | $293M | $265M |
| Pre-tax income | $87M | $80M | $74M | $52M | $81M | $79M | -$294M | -$151M | -$142M | -$122M |
| Income tax | $44,000 | $44,000 | $32,000 | $171,000 | $277,000 | $273,000 | $45,000 | $104,000 | $162,000 | $104,000 |
| Net income | $87M | $80M | $74M | $52M | $82M | $120M | -$227M | -$108M | -$96M | -$66M |
| EPS (diluted) | $1.93 | $1.78 | $1.16 | $0.81 | $1.26 | $1.83 | -$3.47 | -$1.65 | -$1.46 | -$1.00 |
| Diluted shares | 45M | 45M | 64M | 65M | 65M | 65M | 65M | 65M | 66M | 66M |
Balance sheet
Fiscal years, from Industrial Logistics Properties Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $0 | $0 | $10M | $28M | $23M | $29M | $48M | $112M | $132M | $95M |
| Total assets | — | $1.4B | $1.5B | $2.5B | $1.9B | $1.9B | $5.7B | $5.6B | $5.4B | $5.2B |
| Total liabilities | — | $849M | $506M | $1.5B | $913M | $871M | $4.3B | $4.4B | $4.4B | $4.3B |
| Shareholders' equity | $1.3B | $562M | $1.0B | $996M | $1.0B | $1.0B | $791M | $670M | $562M | $490M |
| Net debt | $0 | $0 | -$10M | -$28M | -$23M | -$29M | -$48M | -$112M | -$132M | -$95M |
Cash flow
Fiscal years, from Industrial Logistics Properties Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $109M | $103M | $97M | $116M | $115M | $111M | $83M | $6M | $2M | $61M |
| Capital spending | $1M | $6M | $5M | $17M | $6M | $5M | $18M | $19M | $6M | $19M |
| Free cash flow | $108M | $97M | $92M | $99M | $109M | $106M | $66M | -$13M | -$4M | $42M |
| Stock-based compensation | — | — | $927,000 | $1M | $2M | $2M | $2M | $2M | $2M | $2M |
| Dividends paid | $0 | $0 | $60M | $86M | $86M | $86M | $44M | $3M | $3M | $8M |
| Share buybacks (net) | $0 | $0 | -$52,000 | -$253,000 | -$382,000 | -$922,000 | -$242,000 | -$163,000 | -$312,000 | -$451,000 |
| Dividends per share | — | — | $0.94 | $1.32 | $1.32 | $1.32 | $0.68 | $0.04 | $0.04 | $0.12 |
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How much free cash flow does Industrial Logistics Properties Trust generate?
$42M in fiscal 2025 (operating cash flow minus capital spending).
From Industrial Logistics Properties Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.