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Industrial Logistics Properties Trust Executive Compensation (FY25)

ILPT · Newton, MA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Yael Duffy
Latest say-on-pay support
=
June 9, 2026
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Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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Data as of October 22, 2026Latest filing (8-K): June 10, 2026
11 filings cited on this page
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Industrial Logistics Properties Trust brief$1,500Get the executive brief
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100 figures on this page: 93 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.

More on Industrial Logistics Properties Trust

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Yael Duffy: $60,811 → $153,326
Say-on-pay support: 95.3% → 95.8% (0.5 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Industrial Logistics Properties Trust's chief executive and what were they paid?
Total compensation for Yael Duffy, President and Chief Executive Officer, came to $153,326 in fiscal 2025. Duffy's total was up from the $60,811 reported for fiscal 2024.
What was Industrial Logistics Properties Trust's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.8% of votes cast for or against in favor at the meeting held June 9, 2026.
Which companies are in Industrial Logistics Properties Trust's peer group?
The disclosed peer group names Diversified Healthcare Trust, Office Properties Income Trust, Service Properties Trust and Seven Hills Realty Trust.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Murray
Former President and Chief Executive Officer
Departed during or after this year
——◇———◇◇
Yael Duffy
President and Chief Operating Officer
——◇———◇◇
Richard Siedel
Former Chief Financial Officer and Treasurer
Departed during or after this year
——◇———◇◇
Brian Donley
Chief Financial Officer and Treasurer
——◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Yael Duffy
President and Chief Executive Officer
——◇———◇◇
Tiffany Sy
Chief Financial Officer and Treasurer
——◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Yael Duffy
President and Chief Executive Officer; Managing Trustee
——◇———◇◇
Tiffany Sy
Chief Financial Officer and Treasurer
——◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Yael Duffy
President and Chief Executive Officer
——◇———◇◇
Tiffany Sy
Chief Financial Officer and Treasurer
——◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Tiffany R. SyRSU◇——◇——◇
Yael DuffyRSU◇——◇——◇
Fiscal 2022 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Yael DuffyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Tiffany SyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Yael Duffy
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph L. Morea
◇◇————◇
Bruce M. Gans
◇◇————◇
Kevin C. Phelan
◇◇————◇
Lisa Harris Jones
◇◇————◇
June S. Youngs
◇◇————◇
Matthew P. Jordan
—◇————◇
Adam Portnoy
—◇————◇
Yael Duffy served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • Diversified Healthcare Trust DHC
  • Office Properties Income Trust OPI
  • Service Properties Trust SVC
  • Seven Hills Realty Trust SEVN

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 9, 2026=◇◇◇
2024May 28, 2025=◇◇◇
2023May 30, 2024=◇◇◇
2022June 1, 2023=◇◇◇
2021June 1, 2022=◇◇◇
2020June 2, 2021=◇◇◇
2019May 28, 2020=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Yael Duffy (President and Chief Executive Officer), FY2025 total compensation $153,326 (base salary $0) [exec_comp, SEC accession 0001104659-26-030928, filed 2026-03-18]

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What this page does not include

Everything above is a fact Industrial Logistics Properties Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Industrial Logistics Properties Trust sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
100 figures on this page: 93 cited to the filing that reported them, 7 calculated from figures it prints.
93 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001104659-26-072336
  2. 0001104659-26-030928
    2025 Grants of Plan Based Awards · 2025 Outstanding Equity Awards at Fiscal Year End · Summary Compensation Table · TRUSTEE COMPENSATION
  3. 0001104659-25-054887
  4. 0001104659-25-025603
    Compensation Discussion and Analysis · Summary Compensation Table
  5. 0001104659-24-067489
  6. 0001104659-24-036686
    Summary Compensation Table
  7. 0001104659-23-067542
  8. 0001104659-23-037706
    Summary Compensation Table
  9. 0001104659-22-067599
  10. 0001104659-21-076519
  11. 0001104659-20-067773
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Industrial Logistics Properties Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ILPT (accessed 2026).
Short form: data: Velarion

The paid brief for Industrial Logistics Properties Trust

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Industrial Logistics Properties Trust discloses

The companies named in ILPT's own disclosed peer group.

Diversified Healthcare TrustOffice Properties Income TrustService Properties TrustSeven Hills Realty Trust

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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