{"id":789910,"date":"2023-10-12T09:13:05","date_gmt":"2023-10-12T13:13:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/industrial-logistics-properties-trust-announces-quarterly-dividend-on-common-shares-8\/"},"modified":"2023-10-12T09:13:05","modified_gmt":"2023-10-12T13:13:05","slug":"industrial-logistics-properties-trust-announces-quarterly-dividend-on-common-shares-8","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/industrial-logistics-properties-trust-announces-quarterly-dividend-on-common-shares-8\/","title":{"rendered":"Industrial Logistics Properties Trust Announces Quarterly Dividend on Common Shares"},"content":{"rendered":"

<\/p>\n

Industrial Logistics Properties Trust Announces Quarterly Dividend on Common Shares<\/b><\/p>\n

NEWTON, Mass.–(BUSINESS WIRE<\/a>)–Industrial Logistics Properties Trust (Nasdaq: ILPT)<\/a> today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to ILPT\u2019s common shareholders of record as of the close of business on October 23, 2023 and distributed on or about November 16, 2023.<\/p>\n

About Industrial Logistics Properties Trust<\/b><\/p>\n

\nILPT is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties that serve the growing needs of e-commerce. As of June 30, 2023, ILPT\u2019s portfolio consisted of 413 properties containing approximately 60.0 million rentable square feet located in 39 states. Approximately 77% of ILPT\u2019s annualized rental revenues as of June 30, 2023 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 (Nasdaq: RMR)<\/a>, a leading U.S. alternative asset management company with approximately $36 billion in assets under management as of June 30, 2023, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. For more information, visit www.ilptreit.com<\/a>.<\/p>\n

WARNING CONCERNING FORWARD-LOOKING STATEMENTS<\/span><\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon ILPT\u2019s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond ILPT\u2019s control.<\/p>\n

\nFor example, this press release states that ILPT\u2019s regular quarterly cash distribution rate is $0.01 per share per quarter or $0.04 per share per year. A possible implication of this statement is that ILPT will continue to pay quarterly distributions of $0.01 per share per quarter or $0.04 per share per year in the future. ILPT\u2019s distribution rate may be set and reset from time to time by ILPT\u2019s Board of Trustees. ILPT\u2019s Board of Trustees considers many factors when setting or resetting ILPT\u2019s distribution rate, including ILPT\u2019s funds from operations attributable to common shareholders, normalized funds from operations attributable to common shareholders, requirements to maintain ILPT\u2019s qualification for taxation as a REIT, limitations in ILPT\u2019s debt agreements, the availability to ILPT of debt and equity capital, ILPT\u2019s dividend yield and its dividend yield compared to the dividend yields of other industrial REITs, ILPT\u2019s expectation of its future capital requirements and operating performance, ILPT\u2019s expected needs for and availability of cash to pay its obligations and other factors deemed relevant by ILPT\u2019s Board of Trustees in its discretion. Accordingly, future distributions to ILPT\u2019s shareholders may be increased or decreased and ILPT cannot be sure as to the rate at which future distributions will be paid.<\/p>\n

\nYou should not place undue reliance upon forward-looking statements.<\/p>\n

\nExcept as required by law, ILPT does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20231011513871\/en\/<\/a><\/span><\/p>\n

\nStephen Colbert, Director, Investor Relations
\n
(617) 219-1489<\/p>\n

KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n

INDUSTRY KEYWORDS:<\/b> REIT Electronic Commerce Commercial Building & Real Estate Technology Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
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<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Industrial Logistics Properties Trust Announces Quarterly Dividend on Common Shares NEWTON, Mass.–(BUSINESS WIRE)–Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to ILPT\u2019s common shareholders of record as of the close of business on October 23, 2023 and distributed on or about November 16, 2023. About Industrial Logistics Properties Trust ILPT is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties that serve the growing needs of e-commerce. As of June 30, 2023, ILPT\u2019s portfolio consisted of 413 properties containing approximately 60.0 million rentable square feet located in 39 states. … <\/p>\n

Continue reading “Industrial Logistics Properties Trust Announces Quarterly Dividend on Common Shares”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-789910","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nIndustrial Logistics Properties Trust Announces Quarterly Dividend on Common Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/industrial-logistics-properties-trust-announces-quarterly-dividend-on-common-shares-8\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial Logistics Properties Trust Announces Quarterly Dividend on Common Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Industrial Logistics Properties Trust Announces Quarterly Dividend on Common Shares NEWTON, Mass.–(BUSINESS WIRE)–Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to ILPT\u2019s common shareholders of record as of the close of business on October 23, 2023 and distributed on or about November 16, 2023. About Industrial Logistics Properties Trust ILPT is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties that serve the growing needs of e-commerce. 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