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Industrial Logistics Properties Trust Announces 2024 Dividend Allocation

1. ILPT's 2024 dividend allocation reported with $0.04 per share. 2. Dividends classified as ordinary income for tax reporting purposes. 3. 77% of rental revenues from investment-grade tenants. 4. ILPT's portfolio includes 411 properties and 59.9 million square feet. 5. Managed by The RMR Group with $41 billion assets under management.

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FAQ

Why Neutral?

The dividend allocation is modest and doesn't drive significant price changes.

How important is it?

While significant, the small dividend does not indicate growth or decline dramatically.

Why Short Term?

The immediate impact is limited to dividend perceptions and tax considerations.

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NEWTON, Mass.--(BUSINESS WIRE)--Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that the characterization of dividends for 2024 income tax reporting purposes is as follows: ILPT Common Shares Dividend Allocation Per Share Section Total Unrecaptured Declaration Record Paid/Payable Dividends Ordinary 199A Qualified Capital Section 1250 Return of Dates Dates Dates Per Share Income Dividend(1) Dividend(2) Gain Gain(3) Capital 01/11/24 01/22/24 02/15/24 $0.01 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0100 04/11/24 04/22/24 05/16/24 $0.01 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0100 07/11/24 07/22/24 08/15/24 $0.01 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0100 10/16/24 10/28/24 11/14/24 $0.01 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0100 TOTALS: $0.04 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0400 (1) Section 199A Dividends are a subset of, and included in, the Ordinary Income amount. (2) Qualified Dividends are a subset of, and included in, the Ordinary Income amount. (3) Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain amount. ILPT’s common share CUSIP number is 456237106. This information represents final income allocations. Shareholders should look to IRS Form 1099-DIV for their tax reporting. This press release is not intended to replace the Form 1099-DIV. For additional information regarding the effect on the tax basis of ILPT shares, please see Form(s) 8937 published on the ILPT website: https://www.ilptreit.com/investors/stock-information/distributions/default.aspx About Industrial Logistics Properties Trust Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties. As of September 30, 2024, ILPT’s portfolio consisted of 411 properties containing approximately 59.9 million rentable square feet located in 39 states. Approximately 77% of ILPT’s annual rental revenues as of September 30, 2024 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with nearly $41 billion in assets under management as of September 30, 2024 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. For more information, visit www.ilptreit.com. 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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