Industrial Logistics Properties Trust · NASDAQ:ILPT
Industrial Logistics Properties Trust — Investor Presentation (June 2026)
24 slides from Industrial Logistics Properties Trust's investor presentation, June 2026
Slide 1: Investor Presentation June 2026
INVESTOR PRESENTATION June 2026 Spartanburg, SC 1,015,740 Square Feet ILPT Ownership: 100%
Slide 2: Warning Regarding Forward Looking Statements, Disclaimers and Non-GAAP Financial Measures
INDUSTRIAL LOGISTICS PROPERTIES TRUST WARNING REGARDING FORWARD LOOKING STATEMENTS, DISCLAIMERS AND NON-GAAP FINANCIAL MEASURES Warning Concerning Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 19
Slide 3: ILPT at a Glance
INDUSTRIAL LOGISTICS PROPERTIES TRUST ILPT AT A GLANCE Industrial Logistics Properties Trust (Nasdaq: ILPT) is a REIT focused on owning and leasing high quality industrial and logistics properties. Approximately 77% of ILPT’s annualized rental revenues are derived from investment grade tenants, tena
Slide 4: Geographic Diversity with a Unique Hawaiian Footprint
INDUSTRIAL LOGISTICS PROPERTIES TRUST GEOGRAPHIC DIVERSITY WITH A UNIQUE HAWAIIAN FOOTPRINT Mainland Properties Hawaii Properties • 183 industrial and logistics properties located in 38 states. • 226 well-located properties near Oahu’s prime central business district. • 42.9 million rentable square
Slide 5: Recent Performance
INDUSTRIAL LOGISTICS PROPERTIES TRUST RECENT PERFORMANCE Full Year 2025 1Q26 Leasing Activity (SF) 7,315,000 862,000 Rental Rates (1) +22.9% +26.3% Leasing Activity WALT (by SF) 8.1 years 5.6 years Net Loss per Share (2)(3) +31.5% +57.6% Adjusted EBITDAre (3) +1.2% +2.0% Cash Basis NOI (3) +2.9% +4.
Slide 6: Recent Developments
INDUSTRIAL LOGISTICS PROPERTIES TRUST RECENT DEVELOPMENTS 2026 Year To Date • Closed $1.6 billion fixed rate, interest-only mortgage loan at 5.71% interest rate for Mountain JV in May 2026 – Used proceeds to repay $1.6 billion of floating rate and amortizing debt, unlocking ~$20 million in annual ca
Slide 7: High Quality Industrial Properties
INDUSTRIAL LOGISTICS PROPERTIES TRUST HIGH QUALITY INDUSTRIAL PROPERTIES Industrial properties anchored by tenants with strong business profiles in thriving industries. % of Total Annualized Tenant Industry Type Property Type (1) Rental Revenues Transportation & Shipping 36.8% Automotive 8.7% Constr
Slide 8: Strong Credit Profile Across Sectors
INDUSTRIAL LOGISTICS PROPERTIES TRUST STRONG CREDIT PROFILE ACROSS SECTORS Approximately 77% of annualized rental revenues are derived from investment grade rated tenants/subsidiaries or from secure Hawaii land leases. Tenant Credit Characteristics % of Total Annualized % of Total Annualized Rental
Slide 9: Portfolio Results Q1 2026
INDUSTRIAL LOGISTICS PROPERTIES TRUST PORTFOLIO RESULTS Q1 2026 Consolidated ILPT (1) 100% Ownership 61% Ownership Hawaii Properties Mainland Properties Mountain Industrial JV (2) 226 86.2% 88 95.7% 94 100.0% Properties Occupancy Properties Occupancy Properties Occupancy 275,000 SF +39.3% 428,000 SF
Slide 10: Proactive Asset Management and Leasing
INDUSTRIAL LOGISTICS PROPERTIES TRUST PROACTIVE ASSET MANAGEMENT AND LEASING ILPT executed 5.9 million square feet of leasing over the past 12 months at a rent roll-up of approximately 25% and has a strong leasing pipeline of mark-to-market opportunities to drive further organic cash flow growth. Le
Slide 11: Lease Expirations and Rent Resets by Investment Portfolio
INDUSTRIAL LOGISTICS PROPERTIES TRUST LEASE EXPIRATIONS AND RENT RESETS BY INVESTMENT PORTFOLIO (1) Total Consolidated Portfolio Expirations and Rent Resets Wholly Owned Mainland Property Expirations 11.4% 6.0% 9.9% 8.9% 8.1% 3.0% 2.8% 2.5% 3.3% 1.4% 2026 2027 2028 2029 2030 2026 2027 2028 2029 2030
Slide 12: Debt Summary
INDUSTRIAL LOGISTICS PROPERTIES TRUST DEBT SUMMARY Key Facts (1) • Total consolidated debt of $4.2 billion • No debt maturities until 2029 • Weighted average debt maturity term of 4.6 years, excluding extension options • Weighted average interest rate on debt of 5.48% • Consolidated net debt to annu
Slide 13: Financial Guidance
INDUSTRIAL LOGISTICS PROPERTIES TRUST FINANCIAL GUIDANCE Q2 2026 Full Year 2026 Low End High End Low End High End NOI $88.5M $89.5M $357.0M $362.0M Adjusted EBITDAre $85.5M $86.5M $344.0M $349.0M Normalized FFO attributable to common $20.5M $21.5M $84.0M $89.0M shareholders Normalized FFO attributab
Slide 14: Appendix
Carlisle, PA INDUSTRIAL LOGISTICS PROPERTIES TRUST 205.090 Square Feet ILPT Ownership: 22% APPENDIX June 2026 14
Slide 15: ILPT Is Managed by The RMR Group
INDUSTRIAL LOGISTICS PROPERTIES TRUST ILPT IS MANAGED BY THE RMR GROUP National Multi-Sector RMR Platform RMR Clients Investment Platform Over Industrial $37 Billion 32% in AUM $11.7 Billion Residential Private Capital 68% Over $25.4 Billion Senior Living Perpetual 800 Capital Real Estate Profession
Slide 16: Management Aligned with Shareholder Interests
INDUSTRIAL LOGISTICS PROPERTIES TRUST MANAGEMENT ALIGNED WITH SHAREHOLDER INTERESTS Key Terms of Management Agreements Alignment of Interests • Base business management fee: 0.5% • If ILPT's market cap is less than its historical cost multiplied by the lower of (i) gross historical of real estate an
Slide 17: Commitment to Sustainability
INDUSTRIAL LOGISTICS PROPERTIES TRUST COMMITMENT TO SUSTAINABILITY Impact Through Action Green Building Certifications (1) ILPT’s business strategy incorporates a focus on sustainable approaches to operating its properties in a manner that benefits shareholders, tenants and the communities in which
Slide 18: Selected Financial Information
INDUSTRIAL LOGISTICS PROPERTIES TRUST SELECTED FINANCIAL INFORMATION As of and for the Three Months Ended (dollars in thousands, except per share data) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Selected Income Statement Data: Rental income $ 116,419 $ 113,910 $ 110,936 $ 112,097 $ 111,905 N
Slide 19: Calculation of Non-GAAP Financial Measures
INDUSTRIAL LOGISTICS PROPERTIES TRUST CALCULATION OF NON-GAAP FINANCIAL MEASURES For the Year For the Three Months Ended Ended (dollars in thousands) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2025 Calculation of NOI and Cash Basis NOI: Rental income $ 116,419 $ 113,910 $ 110,936 $ 112
Slide 20: Calculation of Non-GAAP Financial Measures (Continued)
INDUSTRIAL LOGISTICS PROPERTIES TRUST CALCULATION OF NON-GAAP FINANCIAL MEASURES (Continued) For the Year For the Three Months Ended Ended (dollars in thousands) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2025 Net loss $ (17,859) $ (10,574) $ (30,431) $ (30,394) $ (31,169) $ (102,568)
Slide 21: Calculation of Non-GAAP Financial Measures (Continued)
INDUSTRIAL LOGISTICS PROPERTIES TRUST CALCULATION OF NON-GAAP FINANCIAL MEASURES (Continued) For the Year For the Three Months Ended Ended (dollars in thousands, except per share data) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2025 Normalized FFO attributable to common shareholders $
Slide 22: Key Financial Data by Investment Portfolio
INDUSTRIAL LOGISTICS PROPERTIES TRUST KEY FINANCIAL DATA BY INVESTMENT PORTFOLIO As of and for the Three Months Ended March 31, 2026 Mountain ILPT Wholly Owned Properties Industrial ILPT (dollars and sq. ft in thousands, except per sq. ft.) Mainland Hawaii Total REIT LLC (1) Other (2) Consolidated O
Slide 23: Non-GAAP Financial Measures and Certain Definitions
INDUSTRIAL LOGISTICS PROPERTIES TRUST NON-GAAP FINANCIAL MEASURES AND CERTAIN DEFINITIONS Non-GAAP Financial Measures: ILPT presents certain “non-GAAP financial measures” within the meaning of the applicable rules of the SEC, including net operating income, or NOI, Cash Basis NOI, earnings before in
Slide 24: Non-GAAP Financial Measures and Certain Definitions (Continued)
INDUSTRIAL LOGISTICS PROPERTIES TRUST NON-GAAP FINANCIAL MEASURES AND CERTAIN DEFINITIONS (CONTINUED) Annualized dividend yield - Annualized dividend yield is the annualized dividend paid during the applicable period divided by the closing price of ILPT's common shares at the end of the relevant per
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