ILPT incurs $5.7M incentive management fee for 2025 on outperformance vs industrial REIT index

Industrial Logistics Properties Trust

Incentive management fee of $5.7M for 2025 calendar year under Business Management Agreement with The RMR Group LLC.
Fee payable in cash by January 30, 2026; recognized as expense for year ended December 31, 2025.
Fee triggered by total shareholder return exceeding MSCI U.S. REIT/Industrial REIT Index over three-year period ended Dec 31, 2025.

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