Industrial Logistics Properties Trust (ILPT) Registration Filing summary

Company overview and business model

• Operates as a real estate investment trust (REIT) focused on owning and leasing industrial and logistics properties across the U.S., with a portfolio of 411 properties totaling approximately 59.9 million rentable square feet in 39 states and a 94.4% occupancy rate as of December 31, 2024.

• Holds a 61% equity interest in a consolidated joint venture and a 22% equity interest in an unconsolidated joint venture.

Risk factors and disclosures

• Risks include tenant lease renewals, ability to maintain high occupancy, leverage reduction, cash flow generation, and exposure to market and economic conditions such as interest rates, inflation, supply chain disruptions, and geopolitical instability.

• Additional risks involve tenant credit quality, defaults, geographic concentration, compliance with REIT tax rules, environmental liabilities, and potential conflicts of interest with related parties.

• Forward-looking statements are subject to uncertainties and actual results may differ materially; no obligation to update such statements unless required by law.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general business purposes, including property acquisitions, investments, and debt repayment; proceeds may be temporarily invested in short-term instruments.