Industrial Logistics Properties Trust Announces 2024 Dividend Allocation

NEWTON, Mass.--(BUSINESS WIRE)--January 21, 2025-- 

Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that the characterization of dividends for 2024 income tax reporting purposes is as follows:

 
                                                   ILPT Common Shares 
------------------------------------------------------------------------------------------------------------------------ 
 
                                                                        Dividend Allocation Per Share 
                                                      ------------------------------------------------------------------ 
                                                                  Section                  Total   Unrecaptured 
                                                                                                                 Return 
Declaration     Record     Paid/Payable    Dividends  Ordinary     199A       Qualified   Capital  Section 1250    of 
   Dates         Dates         Dates       Per Share   Income   Dividend(1)  Dividend(2)   Gain      Gain(3)     Capital 
------------   ---------   -------------   ---------  --------  -----------  -----------  -------  ------------  ------- 
  01/11/24       01/22/24      02/15/24         $0.01   $0.0000      $0.0000      $0.0000  $0.0000       $0.0000  $0.0100 
  04/11/24       04/22/24      05/16/24         $0.01   $0.0000      $0.0000      $0.0000  $0.0000       $0.0000  $0.0100 
  07/11/24       07/22/24      08/15/24         $0.01   $0.0000      $0.0000      $0.0000  $0.0000       $0.0000  $0.0100 
  10/16/24       10/28/24      11/14/24         $0.01   $0.0000      $0.0000      $0.0000  $0.0000       $0.0000  $0.0100 
                                            ---------  --------  -----------  -----------  -------  ------------  ------- 
       TOTALS:                                 $0.04   $0.0000      $0.0000      $0.0000  $0.0000       $0.0000  $0.0400 
                                           ---------  --------  -----------  -----------  -------  ------------  ------- 
 
 
 
          (1)    Section 199A Dividends are a subset of, and included in, the 
                 Ordinary Income amount. 
          (2)    Qualified Dividends are a subset of, and included in, the 
                 Ordinary Income amount. 
          (3)    Unrecaptured Section 1250 Gain is a subset of, and included 
                 in, the Total Capital Gain amount. 
 

ILPT's common share CUSIP number is 456237106. This information represents final income allocations.

Shareholders should look to IRS Form 1099-DIV for their tax reporting. This press release is not intended to replace the Form 1099-DIV. For additional information regarding the effect on the tax basis of ILPT shares, please see Form(s) 8937 published on the ILPT website: https://www.ilptreit.com/investors/stock-information/distributions/default.aspx

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties. As of September 30, 2024, ILPT's portfolio consisted of 411 properties containing approximately 59.9 million rentable square feet located in 39 states. Approximately 77% of ILPT's annual rental revenues as of September 30, 2024 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 leading U.S. alternative asset management company with nearly $41 billion in assets under management as of September 30, 2024 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 Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

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    CONTACT:    Tim Bonang 

(617) 219-1489

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January 21, 2025 16:15 ET (21:15 GMT)