Industrial Logistics Properties Trust (ILPT) has named Yael Duffy as its new Managing Trustee, President and Chief Executive Officer, with the transition taking effect on January 1 2026. Duffy has been a key figure at ILPT since 2020, serving as Chief Operating Officer and President, and she also holds an executive role at The RMR Group, the firm that manages ILPT’s portfolio of industrial and logistics assets.
Duffy’s appointment is a continuation of ILPT’s leadership strategy. Her deep familiarity with the company’s operations and her experience at The RMR Group position her to advance ILPT’s focus on acquiring high‑quality industrial properties, optimizing the balance sheet, and driving tenant retention and rent growth. The dual role also reinforces the close alignment between ILPT and its asset manager, which is expected to streamline decision‑making and execution.
ILPT’s portfolio consists of 411 properties across 39 states, totaling roughly 59.9 million rentable square feet as of September 30 2025. The company’s financial profile is characterized by strong liquidity but also a highly leveraged balance sheet, with debt levels that have prompted a focus on deleveraging. In the most recent quarter, ILPT reported a loss per share of $0.33, missing analyst expectations of $0.26, and the company remains unprofitable despite solid leasing activity.
In July 2025, ILPT increased its quarterly dividend to $0.05 per share, or $0.20 annually, signaling confidence in its cash‑flow generation and a commitment to returning value to shareholders. The dividend hike, coupled with the leadership transition, suggests management’s intent to maintain a stable capital‑allocation policy while pursuing strategic growth initiatives.
ILPT’s stock has delivered strong performance in recent months, posting a 71.58% return over the past six months and a 62.64% return over the past year as of December 9 2025. The momentum reflects investor optimism around the company’s high‑quality asset base, robust tenant retention, and the broader tailwind of e‑commerce and supply‑chain demand for industrial space.
The appointment of Yael Duffy, combined with ILPT’s ongoing efforts to reduce leverage and enhance dividend payouts, positions the company to continue its strategic focus on asset expansion and balance‑sheet optimization while maintaining a stable return to investors. Investors will likely view the continuity in leadership as a positive signal of confidence in the company’s long‑term strategy.
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