Industrial Logistics Properties Trust Announces Quarterly Dividend on Common Shares
Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced a regular quarterly cash distribution on its common shares of $0.33 per common share ($1.32 per share per year).
Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced a
regular quarterly cash distribution on its common shares of $0.33 per
common share ($1.32 per share per year). This distribution will be paid
to ILPTβs common shareholders of record as of the close of business on
January 28, 2019 and distributed on or about February 21, 2019.
Industrial Logistics Properties Trust is a real estate investment trust,
or REIT, that owns and leases industrial and logistics properties
throughout the United States. ILPT is managed by the operating
subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset
management company that is headquartered in Newton, MA.
WARNING REGARDING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE
MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND
OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON
ILPT'S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE STATEMENTS AND THE
IMPLICATIONS OF THESE STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT
OCCUR FOR VARIOUS REASONS, SOME OF WHICH ARE BEYOND ILPT'S CONTROL. FOR
EXAMPLE, THIS PRESS RELEASE STATES THAT ILPT'S DIVIDEND RATE WILL BE
$0.33/SHARE PER QUARTER OR $1.32/SHARE PER YEAR. A POSSIBLE IMPLICATION
OF THIS STATEMENT IS THAT ILPT WILL CONTINUOUSLY PAY QUARTERLY DIVIDENDS
OF $0.33/SHARE PER QUARTER OR $1.32/SHARE PER YEAR IN THE FUTURE. ILPT'S
DIVIDEND RATES ARE SET AND RESET FROM TIME TO TIME BY ILPT'S BOARD OF
TRUSTEES. THE ILPT BOARD CONSIDERS MANY FACTORS WHEN SETTING DIVIDEND
RATES INCLUDING ILPT'S HISTORICAL AND PROJECTED INCOME, NORMALIZED FUNDS
FROM OPERATIONS, THE THEN CURRENT AND EXPECTED NEEDS AND AVAILABILITY OF
CASH TO PAY ILPT'S OBLIGATIONS AND FUND ILPTβS INVESTMENTS,
DISTRIBUTIONS WHICH MAY BE REQUIRED TO BE PAID BY ILPT TO QUALIFY FOR
TAXATION AS A REAL ESTATE INVESTMENT TRUST AND OTHER FACTORS DEEMED
RELEVANT BY ILPT'S BOARD OF TRUSTEES IN ITS DISCRETION. ACCORDINGLY,
FUTURE DIVIDEND RATES MAY BE INCREASED OR DECREASED AND THERE IS NO
ASSURANCE AS TO THE RATE AT WHICH FUTURE DIVIDENDS WILL BE PAID. FOR
THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE
RELIANCE UPON ANY FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE.
EXCEPT AS REQUIRED BY LAW, ILPT DOES NOT INTEND TO UPDATE OR CHANGE ANY
FORWARD LOOKING STATEMENTS AS A RESULT OF NEW INFORMATION, FUTURE EVENTS
OR OTHERWISE.
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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