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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Industrial Logistics Properties Trust
Industrial Logistics Properties Trust (ILPT) investor relations material
Industrial Logistics Properties Trust Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Normalized FFO rose 42.4% YoY to $21.3M, or $0.32/share; lower interest expense after refinancing supported growth.
Occupancy reached 98.3%, up 420 bps YoY, across 409 properties and 59.6M rentable sq. ft.
Same-property NOI increased 5.7%; same-property cash basis NOI rose 1.9%.
Three-year total shareholder return exceeded 200%, ranking among the top three U.S. REITs and outperforming the MSCI U.S. REIT Industrial Index.
Financial highlights
Q3 rental income rose 5.3% YoY to $116.8M; NOI increased 5.8% to $92.0M.
Common-shareholder net loss widened to $30.2M, or $0.46/share, from $21.6M, or $0.33/share, in Q3 2025.
Nine-month Normalized FFO rose to $59.7M from $40.0M; nine-month NOI increased 3.4% to $270.9M.
Previously vacant Hawaii and Indianapolis properties generated nearly $3M of incremental Q3 NOI.
Outlook and guidance
FY 2026 guidance: NOI $363M–$364M; Adjusted EBITDAre $344M–$345M; Normalized FFO $82M–$83M, or $1.23–$1.25/share.
Q4 2026 guidance: NOI $92M–$93M; Adjusted EBITDAre $87M–$88M; Normalized FFO $22M–$23M, or $0.33–$0.35/share.
NOI guidance midpoint increased by $2M and full-year ranges narrowed, supported by leasing momentum.
FY guidance includes $8.4M, or $0.13/share, of accrued incentive fees; final fees may differ materially with total return through year-end.
Guidance assumes no acquisitions or dispositions; recurring capex guidance is $32M–$34M.
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Latest events from Industrial Logistics Properties Trust
- Record leasing, 51% FFO growth, 99.1% occupancy, and all debt fixed rate with doubled dividend.ILPT
Q2 2026 - Strong leasing, stabilized debt, and robust rent growth drive positive outlook and guidance.ILPTNareit REITweek: 2026 Investor Conference
- Q1 2026 saw Normalized FFO up 63% and 94.6% occupancy, with major refinancing completed.ILPTQ1 2026
- Sustainability initiatives drive efficiency, climate resilience, and board-level ESG oversight.ILPTProxy filing
- Annual meeting to vote on trustees, executive pay, auditor, and say-on-pay frequency.ILPTProxy Filing
- Proxy covers board elections, executive pay, auditor ratification, and robust ESG and governance practices.ILPTProxy Filing
- Record leasing, 113% FFO growth, and 94.5% occupancy highlight strong Q4 performance.ILPTQ4 2025
- Q2 2024 featured strong leasing, higher rents, and improved leverage despite cost pressures.ILPTQ2 2024
- Strong leasing and 94% occupancy drove FFO growth despite a $24M net loss in Q4 2024.ILPTQ4 2024
Next Industrial Logistics Properties Trust earnings date
Q4 202616 Feb, 2027
Industrial Logistics Properties Trust
Next Industrial Logistics Properties Trust earnings date
Q4 202616 Feb, 2027
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Frequently asked questions
Industrial Logistics Properties Trust is a real estate investment trust focused on owning and leasing industrial and logistics facilities across the United States. The company’s portfolio includes distribution centers and e-commerce fulfillment properties leased to single and multi-tenant operators. The company is headquartered in Newton, Massachusetts, and its shares are listed on the NASDAQ.