Industrial Logistics Properties Trust (ILPT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Industrial Logistics Properties Trust stock $7.50, price $5.93, upside +26.5%, quality 43 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $1.59 – $25.66 · fair‑value band $2.44 – $27.17 · the $5.93 price screens below the $7.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Follow Industrial Logistics Properties Trust in your weekly email
Every Wednesday you see whether Industrial Logistics Properties Trust is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Industrial Logistics Properties Trust is a real estate investment trust focused on owning and leasing high quality industrial and logistics properties. As of March 31, 2026, ILPT's portfolio consisted of 409 properties containing approximately 59.6 million rentable square feet located in 39 states.
Show moreShow less
Approximately 77% of ILPT's annualized rental revenues as of March 31, 2026, are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases.
ILPT is managed by The RMR Group, a leading U.S. alternative asset management company with over 37 billion US dollars in assets under management as of March 31, 2026, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate.
ILPT is headquartered in Newton, MA. Industrial Logistics Properties Trust was incorporated in 2017 in Maryland, USA.
Stock analysis
Industrial Logistics Properties Trust (ILPT) currently trades at $5.93, while our model-based Fair Value estimate is $7.50, implying the stock looks roughly 21% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $9.63 per share, and 2 of the 3 models we run sit above the $5.93 price.
Bear case: the Asset-Based group reads lowest at $3.27, and 1 of the 3 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $2.44 (bear) to $27.17 (bull), the price of $5.93 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Industrial Logistics Properties Trust reported revenue of $449M in FY2025 versus $220M in FY2021, a compound +19.5%/yr. Reported net income was −$66.2M in FY2025.
Key figures
Market cap $406M Small · P/S ratio 1.02 · EPS (TTM) $−0.7100 · Dividend yield 4.2% · Net margin −10.4% · Return on equity −9.2% · Return on assets (EBIT) 3.0% (5-year average) · Operating margin 31.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −32% fair-value upside, at 26%, ILPT screens cheaper than that median.
Fair Value models
Bear$2.44Fair Value $7.50Bull$27.17
Price $5.93 · Upside +26.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director bought shares worth $17,740, on May 22, 2026.
BuyKevin C PhelanDirector2,000 shares at $8.87$17,740May 22, 2026
Plus 13 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.0%
Start year 2020 (pandemic). Over 10 years: +11.7% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.7%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
44.5% (2019) → 33.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+55.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +51.7% a year for the price and +0.6% for the forecasts.
Compare Industrial Logistics Properties Trust with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Industrial · 51 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside+26.5% · Top 25%
Profitability
Return on assets−1.3% · Bottom 25%
Net margin (12 months)−10.4% · Bottom 25%
Operating margin (12 months)31.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)1.8% · Below median
Dividend yield (12 months)4.2% · Bottom 25%
Balance sheet
Debt / equity8.56× · Highest 25%
Valuation Multiplesvs REIT - Industrial median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Industrial Logistics Properties Trust (ILPT) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $7.50 versus a price of $5.93, about +26% upside (undervalued).
What is the fair value of ILPT?
Our model-based fair value for Industrial Logistics Properties Trust is $7.50 (as of Nov 7, 2026), built from audited fundamentals. The current price: $5.93.
What is the quality score of ILPT?
Industrial Logistics Properties Trust has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Industrial Logistics Properties Trust (ILPT)?
Our model-based price target is the fair value of $7.50 (as of Nov 7, 2026) from 6 valuation models. Cautious scenario $2.44, optimistic scenario $27.17. It is a calculation from audited fundamentals, not an analyst target.
What is the Industrial Logistics Properties Trust stock forecast for 2026?
Our models put fair value at $7.50, about +26% upside versus a price of $5.93 (undervalued). Cautious scenario $2.44, optimistic scenario $27.17. The calculation is refreshed regularly with new filings.
What is the revenue of Industrial Logistics Properties Trust (ILPT)?
Industrial Logistics Properties Trust reported trailing-twelve-month revenue of about $455M (latest available figure, as of Nov 7, 2026).
Does Industrial Logistics Properties Trust pay a dividend?
Industrial Logistics Properties Trust currently shows a dividend yield of 4.22% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Industrial Logistics Properties Trust (ILPT) and when is the ex-dividend date?
Industrial Logistics Properties Trust pays a dividend of $0.25 per share a year, a dividend yield of 4.2%. The last ex-dividend date was Oct 19, 2026. A dividend has been paid every year since at least 2018. Free cash flow covers the dividend 2.52 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Industrial Logistics Properties Trust (ILPT)?
For today's price to be fair in a discounted-cash-flow model, Industrial Logistics Properties Trust would have to grow free cash flow by +55.3 % per year for five years (discount rate 13.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of ILPT use?
Our models discount Industrial Logistics Properties Trust at 13.7 %: a base by market capitalisation (small), damped by beta 2.54, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Industrial Logistics Properties Trust that is +55.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.7 %) and the same formula as our fair value.
How much growth has Industrial Logistics Properties Trust (ILPT) delivered so far?
Over the past 5 years revenue at Industrial Logistics Properties Trust grew +12.0 % a year. The price currently implies free-cash-flow growth of +55.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Industrial Logistics Properties Trust (ILPT) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Industrial Logistics Properties Trust (+55.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Industrial Logistics Properties Trust (ILPT)?
The free-cash-flow yield on the price is 10.70 %: that much free cash flow Industrial Logistics Properties Trust produces per unit of market value. When it exceeds the discount rate of our models (13.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Industrial Logistics Properties Trust (ILPT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Industrial Logistics Properties Trust it is $7.50 per share (as of Nov 7, 2026), against a price of $5.93. It is the blended result of 6 valuation models in 3 families (DCF Models, Multiples, Asset-Based).
Is Industrial Logistics Properties Trust stock overvalued or undervalued in 2026?
As of Nov 7, 2026, ILPT trades below its calculated fair value: price $5.93, fair value $7.50, a gap of about +26% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ILPT?
No. The price is what the market pays today ($5.93); the fair value is what the company's own numbers justify ($7.50). For Industrial Logistics Properties Trust the two are $1.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is Industrial Logistics Properties Trust worth?
The market values Industrial Logistics Properties Trust at about $406M (market capitalisation, as of Nov 7, 2026). Per share that is $5.93; our models calculate a fair value of $7.50 per share.
What do the bullish and bearish scenarios say about ILPT?
Our models span a range for Industrial Logistics Properties Trust: cautious scenario $2.44, base $7.50, optimistic $27.17 per share (as of Nov 7, 2026, price $5.93). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Industrial Logistics Properties Trust (ILPT)?
Balance-sheet figures for Industrial Logistics Properties Trust (as of Nov 7, 2026): return on equity −9.2%, debt of 8.56 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is ILPT from its 52-week high?
Industrial Logistics Properties Trust trades at $5.93, about 37% below its 52-week high of $9.36 and 19% above the low of $4.97 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $7.50 is for.
Which stocks are comparable to Industrial Logistics Properties Trust?
From the same area (Real Estate) we also value Prologis, Inc, Public Storage, Extra Space Storage Inc, EastGroup Properties, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Industrial Logistics Properties Trust stock attractive at the current price?
The data as of Nov 7, 2026: price $5.93, calculated fair value $7.50 (+26%), Quality Score 43/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ILPT calculated?
We run Industrial Logistics Properties Trust through 6 models from 3 families: DCF Models, Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of $7.50 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Industrial Logistics Properties Trust currently trades 21% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Industrial Logistics Properties Trust (ILPT)?
The closing price on Nov 6, 2026 was $5.93. Our model-based fair value is $7.50, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Industrial Logistics Properties Trust right now?
The model range is unusually wide ($2.44 to $27.17). The outcome hinges heavily on assumptions, so read the point estimate with caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Industrial Logistics Properties Trust
How large is the market capitalisation of Industrial Logistics Properties Trust (ILPT)?
The market capitalisation of Industrial Logistics Properties Trust is $406M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Industrial Logistics Properties Trust (ILPT)?
The price-to-sales ratio of Industrial Logistics Properties Trust is 1.02 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Industrial Logistics Properties Trust (ILPT)?
Earnings per share at Industrial Logistics Properties Trust are $−0.7100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Industrial Logistics Properties Trust (ILPT)?
The dividend yield of Industrial Logistics Properties Trust is 4.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Industrial Logistics Properties Trust (ILPT)?
The net margin of Industrial Logistics Properties Trust is −10.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Industrial Logistics Properties Trust (ILPT)?
The return on equity (ROE) of Industrial Logistics Properties Trust is −9.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Industrial Logistics Properties Trust (ILPT)?
On an EBIT basis the return on assets of Industrial Logistics Properties Trust is 3.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Industrial Logistics Properties Trust (ILPT)?
The operating margin of Industrial Logistics Properties Trust is 31.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Industrial Logistics Properties Trust (ILPT)?
Revenue at Industrial Logistics Properties Trust is growing +1.8% versus a year earlier (3y avg +5.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Industrial Logistics Properties Trust (ILPT)?
Earnings per share at Industrial Logistics Properties Trust are growing +56.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Industrial Logistics Properties Trust (ILPT) carry?
The net debt of Industrial Logistics Properties Trust is $4.0B (fiscal year 2025, ≈ 96.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Industrial Logistics Properties Trust in the live analysis
One click puts Industrial Logistics Properties Trust on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 7, 2026