Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Industrial Logistics Properties Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 54.59%.
ILPT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.24 Med: 71.3 Max: 96.47
Current: 42.99
During the past 11 years, Industrial Logistics Properties Trust's highest ROC (Joel Greenblatt) % was 96.47%. The lowest was -5.24%. And the median was 71.30%.
ILPT's ROC (Joel Greenblatt) % is ranked worse than 64.46% of 588
companies
in the REITs industry
Industry Median: 178.7
vs ILPT: 42.99
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* 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.
ILPT vs MDV, IIPR, SMA: ROC (Joel Greenblatt) % Comparison
For the REIT - Industrial subindustry, Industrial Logistics Properties Trust's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Industrial Logistics Properties Trust's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Industrial Logistics Properties Trust's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 54.59% mean?
Industrial Logistics Properties Trust (ILPT) has a ROC (Joel Greenblatt) % of 54.59% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Industrial Logistics Properties Trust and its competitors. This is 23% below median its historical median of 71.30. According to the industry distribution chart, Industrial Logistics Properties Trust ranks #379 out of 588 companies in the REITs industry, placing it in the top 64.5%.
Is Industrial Logistics Properties Trust's ROC (Joel Greenblatt) % too high?
Industrial Logistics Properties Trust's current ROC (Joel Greenblatt) % of 54.59% is 23% below median its 10-year median of 71.30. The REITs industry median ROC (Joel Greenblatt) % is 178.70. Industrial Logistics Properties Trust's value of 54.59% is 69.5% below this industry median. Based on the distribution chart, Industrial Logistics Properties Trust ranks #379 out of 588 companies in the REITs industry, which is below the industry midpoint. Overall, Industrial Logistics Properties Trust has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Industrial Logistics Properties Trust's ROC (Joel Greenblatt) % compare to MDV and IIPR?
According to the REITs industry distribution chart, Industrial Logistics Properties Trust ranks #379 out of 588 companies for ROC (Joel Greenblatt) %. This places Industrial Logistics Properties Trust in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 178.70. Industrial Logistics Properties Trust's value of 54.59% is 69.5% below this benchmark. While the company's 10-year median is 71.30 vs. the industry median of 178.70, Industrial Logistics Properties Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 178.70, based on 588 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Industrial Logistics Properties Trust's current ROC (Joel Greenblatt) % of 54.59% is 69.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Industrial Logistics Properties Trust and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 178.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial Logistics Properties Trust's current ROC (Joel Greenblatt) % is 54.59%, which is 23% below median its own 10-year median of 71.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Logistics Properties Trust stock overvalued right now?
Based on GuruFocus' analysis, Industrial Logistics Properties Trust (ILPT) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.21, compared to a current price of $8.95 — trading 112.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 54.59%, which is 23% below median its 10-year median of 71.30 and 69.5% below the REITs industry median of 178.70. Industrial Logistics Properties Trust's overall GF Score™ is 72/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Industrial Logistics Properties Trust (ILPT), the current ROC (Joel Greenblatt) % is 54.59% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Industrial Logistics Properties Trust (ILPT) Overvalued in 2026?
Based on GuruFocus' analysis, Industrial Logistics Properties Trust stock appears to be overvalued.
The current stock price of $8.95 is trading 112.6% above its estimated GF Value™ of $4.21.
GuruFocus considers Industrial Logistics Properties Trust to be Significantly Overvalued.
Key valuation signals for ILPT:
ROC (Joel Greenblatt) %: 54.59% (23% below median its 10-year median of 71.30)
GF Value™: $4.21 vs. price of $8.95 (112.6% above fair value)
Industry Position: 69.5% below the REITs median (#379 of 588)
No single metric tells the full story. See the ILPT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrial Logistics Properties Trust Business Description
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.
72GF Score
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