Increases Board Size to Eight Trustees Comprised of 75% Independent Trustees

NEWTON, Mass.--(BUSINESS WIRE)--Jun. 10, 2026-- Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that ILPT’s Board of Trustees has increased its Board size to eight Trustees and elected Elena B. Poptodorova as an Independent Trustee to fill the resulting vacancy, both effective June 9, 2026. Ms. Poptodorova will serve a one-year term expiring at ILPT’s 2027 annual meeting of shareholders.

Ms. Poptodorova has served as vice president and director for Euro-Atlantic affairs of the Atlantic Club of Bulgaria since 2017 and served as vice president of the Atlantic Treaty Association from 2017 to 2020 and is currently a member of its Governing Board. Ms. Poptodorova has also held many senior positions at the Ministry of Foreign Affairs for the Republic of Bulgaria, including serving as the Bulgarian ambassador to the United States from 2010 to 2016 and from 2002 to 2008. She was a national legislator and Member of Parliament in the Bulgarian Parliament from 1990 to 2001 and a member of the Parliamentary Assembly of the Council of Europe in Strasburg from 1997 until 2001.

In addition to her extensive government service, Ms. Poptodorova has served as a board member of the European Institute, the Executive Council on Diplomacy, the Women’s Foreign Policy Group and American University in Bulgaria, and is a current board member of the U.S.-Bulgarian Chamber in America, the American Foundation for Bulgaria and the Institute for Cultural Diplomacy in Germany. Ms. Poptodorova has also served on the board of TravelCenters of America from 2020 until its acquisition by BP Products North America Inc. in May 2023.

Adam Portnoy, Chair of ILPT’s Board of Trustees, made the following statement on today’s announcement:

“We welcome Elena as a new Independent Trustee to our Board. We believe her distinguished career as a diplomat, combined with her expertise in industrial property matters, will bring valuable perspective to ILPT. We look forward to benefiting from her insights as we continue our work to create value for ILPT’s shareholders.”

Also on June 9, 2026, at ILPT’s 2026 annual meeting of shareholders, ILPT’s shareholders re-elected Bruce M. Gans, M.D., Lisa Harris Jones, Joseph L. Morea, Kevin C. Phelan and June S. Youngs as Independent Trustees and Adam D. Portnoy and Yael Duffy as Managing Trustees, each to serve a one-year term. ILPT now has an eight member board comprised of 75% Independent Trustees.

About Industrial Logistics Properties Trust

ILPT is a real estate investment trust focused on owning and leasing high quality industrial and logistics properties. As of March 31, 2026, ILPT’s portfolio consisted of 409 properties containing approximately 59.6 million rentable square feet located in 39 states. Approximately 77% of ILPT’s annualized rental revenues as of March 31, 2026 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 over $37 billion in assets under management as of March 31, 2026 and 40 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.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever ILPT uses words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may” and negatives or derivatives of these or similar expressions, ILPT is making forward-looking statements. These forward-looking statements are based upon ILPT’s present intent, 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 or implied by ILPT’s forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond ILPT’s control.

The information contained in ILPT’s filings with the Securities and Exchange Commission, or the SEC, including under the caption “Risk Factors” in ILPT’s periodic reports, or incorporated therein, identifies other important factors that could cause differences from ILPT’s forward-looking statements. ILPT’s filings with the SEC are available on the SEC’s website at www.sec.gov.

You should not place undue reliance upon forward-looking statements.

Except as required by law, ILPT does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

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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Kevin Barry, Senior Director, Investor Relations
(617) 219-1410

Source: Industrial Logistics Properties Trust