ILPT Increases Quarterly Dividend to $0.05, Boosting Annual Rate to $0.20

Industrial Logistics Properties Trust (ILPT) has increased its quarterly dividend to $0.05 per share, raising the annual dividend rate to $0.20 per share. This decision is supported by a recent refinancing of floating rate debt into fixed rate debt, which is expected to save the company approximately $0.13 per share annually. The increased distribution will be payable on August 14, 2025, to shareholders recorded by July 21, 2025.

Industrial Logistics Properties Trust (ILPT) has announced a significant increase in its quarterly dividend, raising it from $0.01 per share to $0.05 per share. This decision, effective August 14, 2025, will result in an annual dividend of $0.20 per share. The increase is supported by a recent refinancing of $1.235 billion in floating-rate debt into $1.16 billion in fixed-rate debt, which is expected to save the company approximately $0.13 per share annually [1].

The refinancing transaction, completed last month, has reduced ILPT's debt service costs and eliminated the need to purchase interest rate caps. This financial maneuver, combined with the consistent performance of ILPT's portfolio, has bolstered the company's financial position and allowed for the dividend increase [1].

ILPT's Chief Financial Officer, Tiffany Sy, emphasized the company's commitment to delivering long-term shareholder value. She stated, "The refinancing has provided significant cash savings, and the consistent performance of our portfolio supports the higher distribution rate. This rate increase reflects the Board’s confidence in our sustained performance and our commitment to delivering long-term shareholder value" [1].

ILPT is a real estate investment trust focused on owning and leasing high-quality distribution and logistics properties. As of March 31, 2025, ILPT's portfolio consisted of 411 properties with approximately 59.9 million rentable square feet located in 39 states. The trust is managed by The RMR Group, a leading U.S. alternative asset management company with $40 billion in assets under management as of March 31, 2025 [1].

The dividend increase has been well-received by investors, with ILPT's shares rising by 7.7% to $5.06 on Thursday, following the announcement. The stock has risen by 39% so far this year, indicating strong investor confidence in the company's financial performance and future prospects [2].

References:
[1] https://www.stocktitan.net/news/RMR/industrial-logistics-properties-trust-increases-quarterly-ld7l6j4c9yyr.html
[2] https://www.marketwatch.com/story/industrial-logistics-properties-shares-rise-after-dividend-hike-f554eec8