ILPT Industrial Logistics Properties Trust - Common Shares of Beneficial Interest
NASDAQ · Real Estate · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 29, 2026
$7.08
· of 52w range
· above low
· to high
$4.9252w low
$9.4352w high
Market Cap (MRQ)
$473M
P/E
-7081.4
EPS
$-1.00
your badges
52W Range
$5–$9
Analyst Rating
BUY
Price Target
$11
P/E
-7081.4
ROE
-12.6%
Net Profit Margin
·
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ILPT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$7.08
Market Cap (MRQ)
$473M
P/E
-7081.4
EPS
$-1.00
Div Yield
0.00%
ROE
-12.6%
52W Range
$5–$9
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10-Year Performance Revenue, net income, margins and EPS trends
EPS$-1.002019-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | ILPT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -7081.45Y avg ≈0.4 | ≈0.4 | · | · | |
| P/S | 2059.05Y avg ≈2.4 | ≈2.4 | 6.5 | Undervalued | |
| P/B (MRQ) | 1.05Y avg ≈0.7 | ≈0.7 | 1.7 | Undervalued | |
| Price / Cash Flow | 7779.45Y avg ≈39.5 | ≈39.5 | 11.3 | Undervalued | |
| Price / Tangible Book (MRQ) | 1.55Y avg ≈0.9 | ≈0.9 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | ILPT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| ROA | -1.2%5Y avg ≈-0.93% | ≈-0.93% | 3.1% | Weak | |
| ROE | -12.6%5Y avg ≈-11.2% | ≈-11.2% | 6.2% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield0.00%
Payout Ratio-12.0%
Annualized Payout≈$0.40
5Y Div CAGR≈-38.1%
Growth Streak≈1
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jul 20, 2026 | $0.10 | USD | ≈2.9% |
| Apr 21, 2026 | $0.05 | USD | ≈3.3% |
| Jan 26, 2026 | $0.05 | USD | ≈3.2% |
| Oct 27, 2025 | $0.05 | USD | ≈2.0% |
| Jul 21, 2025 | $0.05 | USD | ≈1.5% |
| Apr 22, 2025 | $0.01 | USD | ≈1.5% |
| Jan 27, 2025 | $0.01 | USD | ≈1.0% |
| Oct 28, 2024 | $0.01 | USD | ≈1.0% |
| Jul 22, 2024 | $0.01 | USD | ≈0.81% |
| Apr 19, 2024 | $0.01 | USD | ≈1.1% |
| Jan 19, 2024 | $0.01 | USD | ≈1.0% |
| Oct 20, 2023 | $0.01 | USD | ≈1.7% |
| Jul 21, 2023 | $0.01 | USD | ≈1.00% |
| Apr 21, 2023 | $0.01 | USD | ≈19.3% |
| Jan 20, 2023 | $0.01 | USD | ≈17.4% |
| Oct 21, 2022 | $0.01 | USD | ≈13.3% |
| Jul 22, 2022 | $0.01 | USD | ≈10.3% |
| Apr 22, 2022 | $0.33 | USD | ≈6.7% |
| Jan 21, 2022 | $0.33 | USD | ≈5.8% |
| Oct 22, 2021 | $0.33 | USD | ≈4.7% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-22.4%
Next Report
Oct 26, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 27, 2026 | $-0.22 | $-0.19 | -13.5% |
| March 31, 2026 | $-0.14 | $-0.20 | 31.4% | |
| Dec. 31, 2025 | $-0.03 | $0.07 | -142.0% | |
| Sept. 30, 2025 | $-0.23 | $-0.27 | 13.3% | |
| June 30, 2025 | $-0.32 | $-0.32 | -1.2% | |
| March 31, 2025 | $0.20 | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| SG&A Expense | $37M | $30M | $31M | $33M | $17M | $200.0K | $17M | $11M | $17M | |
| Operating Expenses | $307M | $304M | $309M | $377M | $117M | $146M | $127M | $72M | $74M | |
| Interest Expense | · | · | $289M | $280M | $36M | $52M | $51M | $16M | $2M | |
| Interest Income | · | $11M | $8M | $3M | $0 | $113.0K | $743.0K | $200.0K | $0 | |
| Pretax Income | $-122M | $-142M | $-151M | $-294M | $79M | $81M | $52M | $74M | $80M | |
| Income Tax | $104.0K | $162.0K | $104.0K | $45.0K | $273.0K | $277.0K | $171.0K | $32.0K | $44.0K | |
| Net Income | $-66M | $-96M | $-108M | $-227M | $120M | $82M | $52M | $74M | $80M | |
| EPS (Basic) | $-1.00 | $-1.46 | $-1.65 | $-3.47 | $1.83 | $1.26 | $0.81 | · | · | |
| EPS (Diluted) | $-1.00 | $-1.46 | $-1.65 | $-3.47 | $1.83 | $1.26 | $0.81 | · | · | |
| Shares (Basic) | 66,006,000 | 65,697,000 | 65,430,000 | 65,248,000 | 65,169,000 | 65,104,000 | 65,049,000 | 64,139,000 | 45,000,000 | |
| Shares (Diluted) | 66,006,000 | 65,697,000 | 65,430,000 | 65,248,000 | 65,211,000 | 65,114,000 | 65,055,000 | 64,140,000 | 45,000,000 |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $95M | $132M | $112M | $48M | $29M | $23M | $28M | $10M | $0 | |
| Intangibles | $164M | $199M | $244M | $297M | $63M | $84M | $139M | $76M | $79M | |
| Total Assets | $5.19B | $5.41B | $5.56B | $5.68B | $1.91B | $1.92B | $2.45B | $1.53B | $1.41B | |
| Total Liabilities | $4.29B | $4.40B | $4.40B | $4.35B | $871M | $913M | $1.46B | $506M | $849M | |
| Long-term Debt | $4.19B | $4.30B | $4.31B | $4.24B | $828M | $867M | $1.41B | $462M | $799M | |
| Common Stock | $667.0K | $661.0K | $658.0K | $656.0K | $654.0K | $653.0K | $652.0K | $651.0K | $450.0K | |
| Retained Earnings | $-153M | $-86M | $9M | $117M | $344M | $224M | $142M | $90M | $15M | |
| AOCI | $-836.0K | $-1M | $10M | $22M | $0 | · | · | $0 | · | |
| Stockholders' Equity | $490M | $562M | $670M | $791M | $1.04B | $1.00B | $996M | $1.03B | $562M | |
| Liabilities + Equity | $5.19B | $5.41B | $5.56B | $5.68B | $1.91B | $1.92B | $2.45B | $1.53B | $1.41B | |
| Shares Outstanding | 66,653,129 | 66,144,308 | 65,843,387 | 65,568,145 | 65,404,592 | 65,301,088 | 65,180,628 | 65,074,791 | 45,000,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $165M | $172M | $179M | $161M | $51M | $71M | $62M | $29M | $27M | |
| Amort. of Intangibles | $32M | $41M | $50M | $49M | $17M | $25M | $21M | $9M | $8M | |
| Operating Cash Flow | $61M | $2M | $6M | $83M | $111M | $115M | $116M | $97M | $103M | |
| Investing Cash Flow | $4M | $16M | $68M | $-3.45B | $23M | $-5M | $-893M | $-136M | $-6M | |
| Stock Issued | · | · | · | · | · | $0 | $0 | $444M | $0 | |
| Stock Repurchased | $451.0K | $312.0K | $163.0K | $242.0K | $922.0K | $382.0K | $253.0K | $52.0K | $0 | |
| Net Stock Activity | $-451.0K | $-312.0K | $-163.0K | $-242.0K | $-922.0K | $-382.0K | $-253.0K | $444M | · | |
| Dividends Paid | $8M | $3M | $3M | $44M | $86M | $86M | $86M | $60M | $0 | |
| Financing Cash Flow | $-124M | $-22M | $31M | $3.47B | $-127M | $-122M | $802M | $48M | $-97M | |
| Net Change in Cash | $-59M | $-3M | $105M | $111M | $7M | $-12M | $25M | $10M | $0 | |
| Taxes Paid | $0 | $-80.0K | $85.0K | $228.0K | · | · | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -1.2% | -1.7% | -1.9% | -6.0% | 6.3% | 3.8% | 2.6% | 5.1% | · | |
| ROE | -12.6% | -15.5% | -14.8% | -24.8% | 11.7% | 8.2% | 5.2% | 7.2% | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $7.35 | $8.50 | $10.18 | $12.06 | $15.87 | $15.36 | $15.28 | $15.80 | · | |
| Cash Flow / Share | $0.92 | $0.03 | $0.09 | $1.28 | $1.70 | $1.76 | $1.79 | $1.51 | · | |
| Cash / Share | $1.42 | $1.99 | $1.71 | $0.74 | $0.45 | $0.35 | $0.44 | $0.15 | · | |
| Dividend / Share | · | · | · | · | · | · | · | $0.93 | · | |
| Dividend Paid / Share | $0.12 | $0.04 | $0.04 | $0.68 | $1.32 | $1.32 | $1.32 | $0.93 | $0.93 | |
| EPS (TTM) | $-1.00 | $-1.46 | $-1.65 | $-3.47 | $1.83 | $1.26 | $0.81 | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EPS YoY | · | · | · | · | 45.2% | · | · | · | · | |
| Net Income YoY | · | · | · | · | 45.8% | · | · | · | · | |
| Dividends Paid CAGR 5Y | -37.9% | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $229M | $229M | $229M | $229M | $229M | $229M | $229M | $163M | · | |
| Net Income TTM | $-66M | $-96M | $-108M | $-227M | $120M | $82M | $52M | $74M | $80M | |
| Market Cap | $369M | $241M | $309M | $214M | $1.64B | $1.52B | $1.46B | $1.28B | · | |
| P/E | -5.5 | -2.5 | -2.8 | -0.9 | 13.7 | 18.5 | 27.7 | · | · | |
| P/S | 1.6 | 1.1 | 1.4 | 0.9 | 7.1 | 6.6 | 6.4 | 7.9 | · | |
| P/B | 0.8 | 0.4 | 0.5 | 0.3 | 1.6 | 1.5 | 1.5 | 1.2 | · | |
| P / Tangible Book | 1.1 | 0.7 | 0.7 | 0.4 | 1.7 | 1.7 | · | · | · | |
| P / Cash Flow | 6.1 | 123.0 | 51.1 | 2.6 | 14.8 | 13.3 | 12.6 | 13.2 | · | |
| Dividend Yield | 2.2% | 1.1% | 0.85% | 20.7% | 5.3% | 5.7% | 5.9% | 4.7% | · | |
| Earnings Yield | -18.1% | -40.0% | -35.1% | -106.1% | 7.3% | 5.4% | 3.6% | · | · | |
| Payout Ratio | -12.0% | -2.8% | -2.4% | -19.6% | 72.0% | 104.9% | 163.7% | 81.3% | · | |
| Annual Payout | $8M | $3M | $3M | $44M | $86M | $86M | $86M | $60M | $0 |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SG&A Expense | $12M | $9M | $8M | $11M | $10M | $8M | $8M | $7M | $8M | $8M | $7M | $8M | $8M | $8M | $8M | $9M | |
| Operating Expenses | $78M | $76M | $76M | $82M | $76M | $74M | $76M | $75M | $76M | $77M | $76M | $76M | $77M | $79M | $78M | $80M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $73M | · | $73M | $72M | $71M | · | $90M | |
| Interest Income | · | $1M | · | · | · | $2M | · | $3M | $3M | $3M | · | $2M | $2M | $1M | $763.0K | $1M | |
| Pretax Income | $-26M | $-21M | $-25M | $-33M | $-35M | $-30M | $-34M | $-37M | $-36M | $-36M | $-35M | $-37M | $-39M | $-39M | $-42M | $-87M | |
| Income Tax | $59.0K | $114.0K | $15.0K | $31.0K | $30.0K | $28.0K | $60.0K | $33.0K | $36.0K | $33.0K | $-9.0K | $51.0K | $45.0K | $17.0K | $-68.0K | $28.0K | |
| Net Income | $-14M | $-9M | $-2M | $-22M | $-21M | $-22M | $-24M | $-25M | $-23M | $-23M | $-31M | $-26M | $-26M | $-25M | $-31M | $-46M | |
| EPS (Basic) | $-0.22 | $-0.14 | $-0.02 | $-0.33 | $-0.32 | $-0.33 | $-0.37 | $-0.38 | $-0.35 | $-0.36 | $-0.47 | $-0.40 | $-0.40 | $-0.38 | $-0.47 | $-0.70 | |
| EPS (Diluted) | $-0.22 | $-0.14 | $-0.02 | $-0.33 | $-0.32 | $-0.33 | $-0.37 | $-0.38 | $-0.35 | $-0.36 | $-0.47 | $-0.40 | $-0.40 | $-0.38 | $-0.47 | $-0.70 | |
| Shares (Basic) | 66,224,000 | 66,178,000 | · | 66,089,000 | 65,927,000 | 65,834,000 | · | 65,769,000 | 65,626,000 | 65,556,000 | · | 65,488,000 | 65,369,000 | 65,309,000 | · | 65,250,000 | |
| Shares (Diluted) | 66,224,000 | 66,178,000 | · | 66,089,000 | 65,927,000 | 65,834,000 | · | 65,769,000 | 65,626,000 | 65,556,000 | · | 65,488,000 | 65,369,000 | 65,309,000 | · | 65,250,000 |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $135M | $100M | $95M | $83M | $59M | $108M | $132M | $154M | $146M | $128M | $112M | $83M | $72M | $61M | $48M | $26M | |
| Intangibles | $148M | $156M | $164M | $172M | $181M | $190M | $199M | $209M | $220M | $232M | · | $255M | $268M | $283M | · | $313M | |
| Total Assets | $5.12B | $5.17B | $5.19B | $5.22B | $5.24B | $5.36B | $5.41B | $5.45B | $5.49B | $5.53B | · | $5.63B | $5.66B | $5.63B | · | $5.72B | |
| Total Liabilities | $4.28B | $4.28B | $4.29B | $4.31B | $4.29B | $4.39B | $4.40B | $4.41B | $4.40B | $4.41B | · | $4.42B | $4.40B | $4.35B | · | $4.36B | |
| Long-term Debt | $4.18B | $4.19B | $4.19B | $4.20B | $4.20B | $4.30B | $4.30B | $4.30B | $4.31B | $4.31B | · | $4.30B | $4.30B | $4.25B | · | $4.24B | |
| Common Stock | $668.0K | $667.0K | $667.0K | $667.0K | $663.0K | $661.0K | $661.0K | $661.0K | $660.0K | $658.0K | · | $658.0K | $657.0K | $656.0K | · | $656.0K | |
| Retained Earnings | $-177M | $-162M | $-153M | $-151M | $-129M | $-108M | $-86M | $-62M | $-37M | $-14M | · | $40M | $67M | $92M | · | $148M | |
| AOCI | $0 | $2M | $-836.0K | $-1M | $-899.0K | $-2M | $-1M | $-2M | $5M | $7M | · | $22M | $26M | $15M | · | $12M | |
| Stockholders' Equity | $462M | $480M | $490M | $494M | $519M | $540M | $562M | $586M | $618M | $643M | · | $714M | $744M | $759M | · | $812M | |
| Liabilities + Equity | $5.12B | $5.17B | $5.19B | $5.22B | $5.24B | $5.36B | $5.41B | $5.45B | $5.49B | $5.53B | · | $5.63B | $5.66B | $5.63B | · | $5.72B | |
| Shares Outstanding | 66,762,231 | 66,666,050 | 66,653,129 | 66,659,235 | 66,335,999 | 66,143,704 | 66,144,308 | 66,144,422 | 65,992,509 | 65,831,530 | 65,843,387 | 65,845,073 | 65,697,959 | 65,565,969 | 65,568,145 | 65,568,704 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $41M | $41M | $41M | $41M | $41M | $42M | $42M | $43M | $43M | $44M | $44M | $44M | $45M | $45M | $47M | $49M | |
| Amort. of Intangibles | $7M | $7M | $8M | $8M | $8M | $8M | $9M | $10M | $11M | $11M | $12M | $12M | $13M | $13M | $15M | $16M | |
| Operating Cash Flow | $22M | $16M | $8M | $23M | $18M | $11M | $-13M | $-3M | $11M | $8M | $-8M | $3M | $9M | $1M | $1M | $976.0K | |
| Investing Cash Flow | $3M | $-5M | $5M | $4M | $6M | $-12M | $-4M | $15M | $16M | $-12M | $36M | $14M | $8M | $9M | $11M | $-41M | |
| Stock Repurchased | $33.0K | $16.0K | $17.0K | $402.0K | $30.0K | $2.0K | $1.0K | $253.0K | $9.0K | $49.0K | $3.0K | $145.0K | $12.0K | $3.0K | $3.0K | $232.0K | |
| Net Stock Activity | · | $-16.0K | · | · | · | $-2.0K | · | · | · | $-49.0K | · | · | · | $-3.0K | · | · | |
| Dividends Paid | $3M | $3M | $3M | $3M | $662.0K | $661.0K | $662.0K | $659.0K | $659.0K | $658.0K | $659.0K | $656.0K | $656.0K | $656.0K | $656.0K | $654.0K | |
| Financing Cash Flow | $-29M | $-8M | $-8M | $-8M | $-102M | $-5M | $-5M | $-6M | $-5M | $-5M | $-5M | $-5M | $48M | $-6M | $2M | $-270M | |
| Net Change in Cash | $-4M | $3M | $5M | $19M | $-78M | $-6M | $-22M | $6M | $22M | $-9M | $23M | $12M | $65M | $4M | $14M | $-310M | |
| Taxes Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $-80.0K | $170.0K | $-630.0K | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -0.28% | -0.18% | · | -0.40% | -0.40% | -0.40% | · | -0.45% | -0.42% | -0.42% | · | -0.46% | -0.44% | -0.42% | · | -1.2% | |
| ROE | -2.9% | -1.8% | · | -4.0% | -3.8% | -3.6% | · | -3.9% | -3.4% | -3.3% | · | -3.4% | -3.2% | -2.8% | · | -5.1% |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $6.92 | $7.20 | · | $7.41 | $7.83 | $8.16 | · | $8.86 | $9.37 | $9.77 | · | $10.84 | $11.33 | $11.57 | · | $12.39 | |
| Cash Flow / Share | · | $0.24 | · | · | · | $0.17 | · | · | · | $0.12 | · | · | · | $0.02 | · | · | |
| Cash / Share | $2.03 | $1.49 | · | $1.25 | $0.88 | $1.63 | · | $2.33 | $2.21 | $1.95 | · | $1.26 | $1.09 | $0.93 | · | $0.40 | |
| Dividend / Share | $0.05 | $0.05 | · | $0.05 | $0.01 | $0.01 | · | $0.01 | $0.01 | $0.01 | · | · | · | · | · | · | |
| Dividend Paid / Share | · | · | · | · | · | · | · | · | · | · | $0.01 | $0.01 | · | · | $0.01 | $0.01 | |
| EPS (TTM) | $-0.71 | $-0.81 | · | $-1.35 | $-1.40 | $-1.43 | · | $-1.56 | $-1.58 | $-1.63 | · | $-1.65 | $-1.95 | $-3.75 | · | $-2.04 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $229M | $229M | · | $229M | $229M | $229M | · | $229M | $229M | $229M | · | $229M | $229M | $229M | · | $229M | |
| Net Income TTM | $-47M | $-54M | · | $-89M | $-92M | $-94M | · | $-103M | $-104M | $-107M | · | $-108M | $-127M | $-245M | · | $-132M | |
| Market Cap | $592M | $379M | · | $389M | $302M | $228M | · | $315M | $243M | $282M | · | $190M | $217M | $201M | · | $361M | |
| P/E | -12.5 | -7.0 | · | -4.3 | -3.2 | -2.4 | · | -3.1 | -2.3 | -2.6 | · | -1.8 | -1.7 | -0.8 | · | -2.7 | |
| P/S | 2.6 | 1.7 | · | 1.7 | 1.3 | 1.0 | · | 1.4 | 1.1 | 1.2 | · | 0.8 | 0.9 | 0.9 | · | 1.6 | |
| P/B | 1.3 | 0.8 | · | 0.8 | 0.6 | 0.4 | · | 0.5 | 0.4 | 0.4 | · | 0.3 | 0.3 | 0.3 | · | 0.4 | |
| P / Tangible Book | 1.9 | 1.2 | · | 1.2 | 0.9 | 0.7 | · | 0.8 | 0.6 | 0.7 | · | 0.4 | 0.5 | 0.4 | · | 0.7 | |
| P / Cash Flow | · | 23.8 | · | · | · | 20.0 | · | · | · | 35.4 | · | · | · | 172.5 | · | · | |
| Dividend Yield | 2.2% | 2.8% | · | 1.4% | 0.88% | 1.2% | · | 0.84% | 1.1% | 0.93% | · | 1.4% | 1.2% | 11.7% | · | 18.1% | |
| Earnings Yield | -8.0% | -14.3% | · | -23.2% | -30.8% | -41.6% | · | -32.8% | -42.9% | -38.0% | · | -57.1% | -59.1% | -122.2% | · | -37.1% | |
| Payout Ratio | · | -35.4% | · | · | · | -3.1% | · | · | · | -2.8% | · | · | · | -2.6% | · | · | |
| Annual Payout | $13M | $11M | · | $5M | $3M | $3M | · | $3M | $3M | $3M | · | $3M | $3M | $24M | · | $65M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Net Income | $-66M | $-96M | $-108M | $-227M | $120M |
| Diluted EPS | $-1.00 | $-1.46 | $-1.65 | $-3.47 | $1.83 |
No data for this statement
Not enough fundamentals data to build this statement yet.
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 178 filers · $307.9M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
178
Value held
$307.9M
New positions
34
Exited positions
20
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 34 (+8 vs prior Q) | 20 (+4 vs prior Q) | 63 (+4 vs prior Q) | 37 (-7 vs prior Q) | +2.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $51,178,069 | 5,769,793 | 16.62% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $25,848,218 | 2,914,117 | 8.39% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $24,510,755 | 2,763,332 | 7.96% | Shares |
| VANGUARD GROUP INC | $17,937,689 | 3,237,850 | 5.83% | Shares |
| CastleKnight Management LP | $14,672,736 | 1,654,198 | 4.76% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $14,622,174 | 1,648,123 | 4.75% | Shares |
| STATE STREET CORP | $11,033,579 | 1,243,921 | 3.58% | Shares |
| D. E. Shaw & Co., Inc. | $10,806,046 | 1,218,269 | 3.51% | Shares |
| UMB Bank, n.a. | $10,232,104 | 1,153,563 | 3.32% | Shares |
| Nantahala Capital Management, LLC | $9,855,927 | 1,111,153 | 3.20% | Shares |
| TWO SIGMA INVESTMENTS, LP | $7,938,810 | 895,018 | 2.58% | Shares |
| MORGAN STANLEY | $5,327,526 | 600,622 | 1.73% | Shares |
| LPL Financial LLC | $5,276,777 | 594,902 | 1.71% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $5,165,675 | 582,376 | 1.68% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $5,165,267 | 582,330 | 1.68% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $4,835,631 | 545,167 | 1.57% | Shares |
| NORTHERN TRUST CORP | $4,832,288 | 544,790 | 1.57% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $4,797,008 | 540,676 | 1.56% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $3,482,424 | 392,607 | 1.13% | Shares |
| Flat Footed LLC | $3,292,464 | 371,191 | 1.07% | Shares |
| ALGERT GLOBAL LLC | $3,281,430 | 369,947 | 1.07% | Shares |
| Russell Investments Group, Ltd. | $3,172,274 | 357,641 | 1.03% | Shares |
| GOLDMAN SACHS GROUP INC | $3,125,189 | 352,332 | 1.01% | Shares |
| UBS Group AG | $2,782,519 | 313,700 | 0.90% | Shares |
| FEDERATED HERMES, INC. | $2,560,387 | 288,657 | 0.83% | Shares |
| Invesco Ltd. | $2,510,733 | 283,059 | 0.82% | Shares |
| RBF Capital, LLC | $2,217,500 | 250,000 | 0.72% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $1,929,456 | 217,526 | 0.63% | Shares |
| Union Square Park Capital Management, LLC | $1,774,000 | 200,000 | 0.58% | Shares |
| Bank of New York Mellon Corp | $1,757,649 | 198,157 | 0.57% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $1,623,609 | 183,045 | 0.53% | Shares |
| TUDOR INVESTMENT CORP ET AL | $1,553,332 | 175,122 | 0.50% | Shares |
| Inspire Investing, LLC | $1,506,183 | 265,173 | 0.49% | Shares |
| Informed Momentum Co LLC | $1,358,671 | 153,176 | 0.44% | Shares |
| Nuveen, LLC | $1,300,597 | 146,629 | 0.42% | Shares |
| D.A. DAVIDSON & CO. | $1,211,642 | 136,600 | 0.39% | Shares |
| Cubist Systematic Strategies, LLC | $1,169,631 | 200,623 | 0.38% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $1,154,599 | 130,169 | 0.37% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1,153,100 | 130,000 | 0.37% | Shares |
| CORSAIR CAPITAL MANAGEMENT, L.P. | $1,122,490 | 126,549 | 0.36% | Shares |
| NORGES BANK | $1,117,620 | 126,000 | 0.36% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $1,084,000 | 122,200 | 0.35% | Shares |
| SEI INVESTMENTS CO | $955,576 | 107,731 | 0.31% | Shares |
| MARSHALL WACE, LLP | $944,477 | 106,480 | 0.31% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $877,234 | 98,899 | 0.28% | Shares |
| MILLENNIUM MANAGEMENT LLC | $874,334 | 98,572 | 0.28% | Shares |
| Cambria Investment Management, L.P. | $872,063 | 98,316 | 0.28% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $868,373 | 97,900 | 0.28% | Shares |
| Allspring Global Investments Holdings, LLC | $861,399 | 95,711 | 0.28% | Shares |
| DEUTSCHE BANK AG\ | $774,139 | 87,276 | 0.25% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Stone House Capital Management, LLC, SH Capital Partners, L.P., Mark Cohen ×2 filings | Sept. 15, 2023 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 16 insiders · 6 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Yael Duffy | President and CEO | Sept. 17, 2026 F | 109,588 | 0 | 0 | $0 |
| John G. Murray | President and CEO | Sept. 20, 2021 F | 54,925 | 0 | 0 | $0 |
| John C Popeo | President and CEO | Sept. 24, 2018 F | 8,688 | 0 | 0 | $0 |
| Tiffany R Sy | CFO and Treasurer | Sept. 17, 2026 F | 22,524 | 0 | 0 | $0 |
| Brian E. Donley | CFO and Treasurer | Sept. 18, 2023 F | 16,012 | 0 | 0 | $0 |
| Richard W. Siedel JR. | CFO and Treasurer | Sept. 19, 2022 F | 19,472 | 0 | 0 | $0 |
| Adam D. Portnoy | Director | Sept. 17, 2026 F | 241,495 | 0 | 0 | $0 |
| June S. Youngs | Director | June 9, 2026 A | 88,205 | 0 | 0 | $0 |
| Elena Poptodorova | Director | June 9, 2026 F | 10,636 | 0 | 0 | $0 |
| Lisa Harris Jones | Director | June 9, 2026 A | 137,367 | 0 | 0 | $0 |
| Joseph Morea | Director | June 9, 2026 A | 124,705 | 0 | 0 | $0 |
| Kevin C Phelan | Director | June 9, 2026 A | 102,957 | 1 | 0 | $17,740 |
| Bruce M. Gans | Director | June 9, 2026 A | 102,205 | 0 | 0 | $0 |
| Matthew P. Jordan | Director | Sept. 16, 2025 F | 176,902 | 0 | 0 | $0 |
| Laura A. Wilkin | Director | May 28, 2020 A | 6,500 | 0 | 0 | $0 |
| Select Income REIT | 10% owner | Dec. 27, 2018 J | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 20 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| BLDG · Cambria ETF Trust | 1.26% | 98,316 NS | July 31, 2026 | N-PORT |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.35% | 205,906 | Oct. 2, 2026 | Daily |
| IWC · iShares Trust | 0.10% | 191,240 SH | Sept. 11, 2026 | Daily |
| USRT · iShares Trust | 0.04% | 216,478 SH | Sept. 11, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 0.03% | 70,926 NS | July 31, 2026 | N-PORT |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.03% | 2,096,188 SH | Aug. 19, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.03% | 49,500 SH | Aug. 19, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 0.02% | 103,445 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.02% | 327,192 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.02% | 27,150 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.01% | 1,452,463 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 53,111 | Oct. 2, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 682,660 SH | Aug. 19, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 3,296 | Oct. 2, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 29,523 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 109,333 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 2,020,716 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,674 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 530,597 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 205,751 SH | Sept. 11, 2026 | Daily |
ILPT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 10 analysts
BUY
Median target
$11.00
+55.4%
2 20.0%
Strong Buy
6 60.0%
Buy
2 20.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
3 analysts · 2026-09-28Mean target $11.17 +57.7%
← Below all targets
Current price $7.08
Low$11.00
Mean$11.17
High$11.50
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
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Source: SEC 10-Q filed Jul 29, 2026