{"id":3621,"date":"2018-01-05T10:26:30","date_gmt":"2018-01-05T15:26:30","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3621"},"modified":"2018-01-05T10:26:30","modified_gmt":"2018-01-05T15:26:30","slug":"industrial-logistics-property-trust-ilpt-ipo-preview","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/industrial-logistics-property-trust-ilpt-ipo-preview\/","title":{"rendered":"Industrial Logistics Property Trust (ILPT) #IPO Preview"},"content":{"rendered":"

\"ilpt\"<\/a><\/p>\n

Company: Industrial Logistics Properties Trust<\/strong>
\nSymbol: ILPT
\nDescription: Industrial Logistics Properties Trust was recently formed to own and lease industrial and logistics properties throughout the United States.
\nShares: 20 million
\nPrice Range: $28.00-$31.00
\nTrade Date: 1\/12
\nUnderwriter(s): UBS Investment Bank, Citigroup, RBC Capital, Morgan Stanley, Wells Fargo Securities
\nCo-Manager(s): B. Riley FBR, BB&T Capital Markets, Janney Montgomery Scott, JMP Securities, Oppenheimer & Co.
\nTerms Added 1-2-18<\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>: They own 266 properties with a total of approximately 28.5\u00a0million square feet. Substantially all of their\u00a0Initial Properties are industrial properties that are primarily used for manufacturing and logistics purposes. As of September\u00a030, 2017, the logistics properties subset of their\u00a0Initial Properties provided approximately 72.6% of their\u00a0annualized rental revenues and was composed of approximately 63.3% of their\u00a0Initial Properties’ rentable area, approximately 66.5% of the number of their\u00a0Initial Properties, approximately 77.4% of the gross book value of their Initial Properties and approximately 76.9% of the net book value of their\u00a0Initial Properties.<\/p>\n

Their\u00a0portfolio includes 16.8\u00a0million square feet of primarily industrial lands in Hawaii and approximately 11.7\u00a0million square feet of industrial and logistics properties in 24 other states. As of September\u00a030, 2017, their\u00a0Initial Properties were approximately 99.9% leased to 240 tenants with a weighted average remaining lease term of approximately 11.4\u00a0years. As of September\u00a030, 2017, their\u00a0Hawaii Properties provided 60.0% of their\u00a0annualized rental revenues and their\u00a0Mainland Properties provided 40.0% of their\u00a0annualized rental revenues. They intend to expand their\u00a0portfolio by acquiring additional industrial and logistics properties throughout the country.<\/p>\n

Financials:\u00a0<\/strong><\/p>\n

\"FinancialsILPT\"<\/a><\/p>\n

Dividend: <\/strong>They intend to pay regular quarterly distributions to our shareholders. Our expected regular quarterly distribution rate is $0.33 per Share. On an annualized basis, we expect to distribute $1.32 per Share, which equals an annual yield of approximately 4.5% of the assumed initial public offering price of $29.50 per Share, the mid-point of the price range set forth on the prospectus.<\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Industrial Logistics Properties Trust Symbol: ILPT Description: Industrial Logistics Properties Trust was recently formed to own and lease industrial and logistics properties throughout the United States. Shares: 20 million Price Range: $28.00-$31.00 Trade Date: 1\/12 Underwriter(s): UBS Investment Bank, Citigroup, RBC Capital, Morgan Stanley, Wells Fargo Securities Co-Manager(s): B. Riley FBR, BB&T Capital Markets,[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1446],"class_list":["post-3621","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-ilpt"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=3621"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3621\/revisions"}],"predecessor-version":[{"id":3624,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3621\/revisions\/3624"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}