This Industrial REIT's Portfolio Is Fine -- It's the Balance Sheet That's Lousy
Industrial Logistics (NASDAQ: ILPT) has withered under a self-inflicted wound. The unfortunate thing about the industrial real estate investment trust (REIT) is that it is operating in a fairly strong sector. In fact, its portfolio is actually performing pretty well. Yet, it just announced a token penny-per-share dividend -- again. Here's what investors can learn from this REIT's history.
If you look at Industrial Logistics' portfolio, it is hard to find a reason to complain. For example, first-quarter 2023 occupancy remained high at 98.7%. It was able to increase rents on leases by a generous 15%. Some peers have had better numbers, but it is hard to suggest that this REIT is doing poorly from an operational perspective.
Source Fool.com
