Mainland U.S. Industrial Footprint

Our mainland industrial presence includes 185 properties across 38 states, representing 42.2 million rentable square feet. This portfolio is 98% leased and benefits from triple‑net lease structures with fixed rent escalations. Properties are located in supply‑constrained, high‑demand logistics hubs where tenants have made significant capital investments, reinforcing long‑term occupancy and operational stability. This segment accounts for 72% of ILPT’s annualized rental revenues.

Hawaii Land‑Lease Portfolio

ILPT also owns a rare, highly strategic collection of 226 industrial properties on Oahu, comprising 16.7 million rentable square feet. These assets are primarily ground leases with either fixed rent escalations or periodic resets to fair market value. Given the scarcity of industrial‑zoned land in Hawaii, this portion of the portfolio benefits from exceptional competitive positioning and long‑term intrinsic value. Hawaii contributes 28% of annualized rental revenues, offering diversification and income durability.

Our tenants operate across critical sectors of the U.S. economy, supporting supply chains, infrastructure, manufacturing and essential services. Top industry categories by rental revenue include:

This industry mix reinforces the portfolio’s resilience while positioning us to benefit from continued e‑commerce growth, reshoring trends and demand for last‑mile and regional distribution capacity.

Approximately 76% of our industrial portfolio’s annualized rental revenues come from investment-grade rated tenants, subsidiaries of investment-grade rated parent companies or Hawaii land leases. ILPT’s top 10 tenants - representing 47.1% of annualized rental revenues - include major national and multinational operators such as:

The information appearing on RMR’s website includes statements which constitute forward looking statements. These forward looking statements are based upon RMR’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in forward looking statements. The information contained in ILPT’s filings with the Securities and Exchange Commission, including under “Risk Factors" and “Warnings Concerning Forward Looking Statements” in ILPT’s periodic reports and other filings, identifies important factors that could cause ILPT’s actual results to differ materially from those stated in ILPT’s forward looking statements. ILPT’s filings with the SEC are available on the SEC’s website at www.sec.gov and are also accessible on ILPT's website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements.