Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced financial results for the quarter ended March 31, 2020.
Industrial Logistics Properties Trust (Nasdaq:ILPT) today announced that it will issue a press release containing its first quarter 2020 financial results before the Nasdaq opens on Thursday, April 30, 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 Yael Duffy will host a conference call to discuss these results.
Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced a regular quarterly cash dividend on its common shares of $0.33 per share ($1.32 per share per year), unchanged from its previous dividend level. This dividend will be paid to ILPT’s common shareholders of record as of the close of business on April 16, 2020 and distributed on or about May 21, 2020.
Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it has closed on the twelfth and final property included in its previously announced $680 million joint venture with an Asian institutional investor. The property is 100% leased to Amazon. The investor contributed approximately $26 million for this twelfth property in addition to the approximately $82 million contributed for the initial 11 properties last month. The investor owns a 39% equity interest in the joint venture and ILPT owns the remaining 61% equity interest in the joint venture. The joint venture also assumed approximately $57 million of existing secured debt on this twelfth property in addition to $350 million of secured debt on the initial 11 properties.
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Industrial Logistics Properties Trust (Nasdaq: ILPT) announced today that its annual meeting of shareholders scheduled for May 28, 2020 (the "Annual Meeting") will be held by Internet webcast in order to mitigate potential risks to the health and safety of ILPT’s shareholders, service providers, personnel and other stakeholders arising from the public health impact of the coronavirus outbreak (COVID-19).
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Industrial Logistics Properties Trust (ILPT) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Industrial Logistics Properties Trust (NASDAQ:ILPT), which is in the reits business, and is based in United States...
Industrial logistics is REIT sub-sector that is enjoying strong growth from the secular expansion of e-commerce distribution from the Internet economy, explains Bryan Perry, editor of Cash Machine.
With me on the call are ILPT's President, John Murray; Chief Financial Officer, Rick Siedel; and Vice President, Yael Duffy. Also note that today's conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. The company undertakes no obligation to revise or publicly release the results of any revision to the forward-looking statements made in today's conference call.
Industrial Logistics Properties Trust (NASDAQ:ILPT) shareholders should be happy to see the share price up 24% in the...
Industrial Logistics Properties Trust (ILPT) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.