|Bid||21.01 x 2200|
|Ask||24.00 x 1100|
|Day's Range||21.64 - 22.14|
|52 Week Range||12.95 - 24.18|
|Beta (5Y Monthly)||0.87|
|PE Ratio (TTM)||26.52|
|Earnings Date||Feb 22, 2021 - Feb 26, 2021|
|Forward Dividend & Yield||1.32 (6.05%)|
|Ex-Dividend Date||Oct 23, 2020|
|1y Target Est||24.00|
Industrial Logistics Properties' (ILPT) move to add a second partner to its existing JV will help the company bank on the solid demand and reap proceeds to use for leverage reduction.
Industrial Logistics Properties Trust (Nasdaq: ILPT) announced today that it has entered into an agreement with a large, top-tier global sovereign wealth fund to take a 39% equity interest in the existing joint venture of a select portfolio of 12 of ILPT’s mainland properties for approximately $108 million. The existing institutional investor in the joint venture will maintain its 39% equity interest and ILPT will own the remaining 22% equity interest in the joint venture. The new investor’s investment in the joint venture is at the same $680 million valuation as the existing institutional investor’s investment in the joint venture.
Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that President John Murray, Chief Financial Officer Rick Siedel and Chief Operating Officer Yael Duffy will be presenting at Nareit's REITworld: 2020 Annual Conference on Tuesday, November 17, 2020 at 11:30 a.m. Eastern Time.