ILPT (Industrial Logistics Properties Trust) Interest Coverage : 0.54 (As of Mar. 2025)

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What is Industrial Logistics Properties Trust Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Industrial Logistics Properties Trust's Operating Income for the three months ended in Mar. 2025 was $37.7 Mil. Industrial Logistics Properties Trust's Interest Expense for the three months ended in Mar. 2025 was $-69.8 Mil. Industrial Logistics Properties Trust's interest coverage for the quarter that ended in Mar. 2025 was 0.54. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Industrial Logistics Properties Trusts earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Industrial Logistics Properties Trust's Interest Coverage or its related term are showing as below:

ILPT' s Interest Coverage Range Over the Past 10 Years
Min: 0.4 Med: 2.51 Max: 42.58
Current: 0.49

ILPT's Interest Coverage is ranked worse than
94.8% of 711 companies
in the REITs industry
Industry Median: 2.84 vs ILPT: 0.49

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Industrial Logistics Properties Trust Interest Coverage Historical Data

The historical data trend for Industrial Logistics Properties Trust's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Industrial Logistics Properties Trust Interest Coverage Chart

Industrial Logistics Properties Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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2.10

2.91

0.40

0.45

0.47

Industrial Logistics Properties Trust Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial															0.48	0.47	0.46	0.49	0.54

Competitive Comparison of Industrial Logistics Properties Trust's Interest Coverage

For the REIT - Industrial subindustry, Industrial Logistics Properties Trust's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Industrial Logistics Properties Trust's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Industrial Logistics Properties Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Industrial Logistics Properties Trust's Interest Coverage falls into.

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Industrial Logistics Properties Trust Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Industrial Logistics Properties Trust's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Industrial Logistics Properties Trust's Interest Expense was $-292.5 Mil. Its Operating Income was $138.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,315.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	138.771	/	-292.536
	=	0.47

Industrial Logistics Properties Trust's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Industrial Logistics Properties Trust's Interest Expense was $-69.8 Mil. Its Operating Income was $37.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,310.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	37.746	/	-69.813
	=	0.54

The higher the ratio, the stronger the company's Financial Strength is.

Industrial Logistics Properties Trust (NAS:ILPT) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Industrial Logistics Properties Trust Interest Coverage Related Terms

Thank you for viewing the detailed overview of Industrial Logistics Properties Trust's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Industrial Logistics Properties Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Industrial Logistics Properties Trust (NAS:ILPT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two Newton Place, 255 Washington Street, Suite 300, Newton, MA, USA, 02458-1634

Website

https://www.ilptreit.com

Industrial Logistics Properties Trust is a real estate investment trust. It owns and leases industrial and logistics properties throughout the United States. The company's investment portfolio includes industrial lands in Hawaii and industrial and logistics properties in other states. Rental revenue is earned from Hawaii Properties and Mainland Properties.

Executives

Kevin C Phelan	director	93 LOWELL ROAD, WELLESLEY MA 02481
Tiffany R Sy	officer: CFO and Treasurer	TWO NEWTON PLACE, 225 WASHINGTON STREET SUITE 300, NEWTON MA 02458
Joseph Morea	director	C/O REIT MANAGEMENT & RESEARCH LLC, TWO NEWTON PLACE, 255 WASHINGTON STREET, NEWTON MA 02458
Lisa Harris Jones	director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Brian E. Donley	officer: CFO and Treasurer	C/O THE RMR GROUP LLC,, TWO NEWTON PL., 255 WASHINGTON ST., NEWTON MA 02458
Matthew P. Jordan	director	C/O THE RMR GROUP INC., TWO NEWTON PLACE, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458-1634
June S. Youngs	director	C/O THE RMR GROUP LLC, TWO NEWTON PLACE, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458
Yael Duffy	officer: Vice President	C/O THE RMR GROUP LLC, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458
Laura A. Wilkin	director	CO INDUSTRIAL LOGISTICS PROPERTIES TRUST, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458
John G. Murray	director, officer: President and CEO	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Barry M. Portnoy	director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Adam D. Portnoy	director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
John C. Popeo	officer: President and COO	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Bruce M. Gans	director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Select Income Reit	10 percent owner	C/O THE RMR GROUP, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458