Phelan Kevin C buys industrial logistics shares worth $27,131

Published 01/08/2025, 21:14
Phelan Kevin C buys industrial logistics shares worth $27,131

Director Kevin C. Phelan of Industrial Logistics Properties Trust (NASDAQ:ILPT) acquired 5,000 common shares of beneficial interest on July 31, 2025, at a price of $5.4262, for a total transaction value of $27,131. The purchase comes as ILPT shares have shown strong momentum, with a 36% gain over the past six months and a 48% rise year-to-date, according to InvestingPro data.

The shares were purchased through the Anne D. Phelan Trust, of which Mr. Phelan is the sole trustee and beneficiary. Following the transaction, Mr. Phelan directly owns 87,589.955 shares and indirectly owns 15,500 shares of Industrial Logistics Properties Trust. InvestingPro analysis indicates the stock is currently undervalued, with 8 additional exclusive insights available to subscribers.

In other recent news, Industrial Logistics Properties Trust reported its Q2 2025 earnings, showing a slight revenue beat. The company achieved actual revenue figures of $112.1 million, surpassing the forecast of $111.68 million. However, the earnings per share (EPS) were reported at -$0.32, indicating ongoing profitability challenges for the company. Despite these challenges, the market response was cautiously optimistic. There were no significant mergers or acquisitions announced in this period. Analyst firms have not reported any upgrades or downgrades for Industrial Logistics Properties Trust recently. These developments provide investors with a clearer picture of the company’s financial performance and market position.

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