Real Estate
Industrial Logistics Properties Trust Executive Compensation (FY25)
ILPT · Newton, MA · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): June 10, 2026
89 figures on this page: 82 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
Total compensation for Yael Duffy, President and Chief Executive Officer, came to $153,326 in fiscal 2025, and Duffy's total was up from the $60,811 reported for fiscal 2024. 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. The disclosed peer group names Diversified Healthcare Trust, Office Properties Income Trust, Service Properties Trust and Seven Hills Realty Trust. The fiscal 2025 disclosure covers 2 named executive officers.
This company is not required to report a chief executive pay ratio.
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 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Yael Duffy President and Chief Executive Officer | — | — | ◇ | — | — | — | ◇ | ◇ |
Tiffany Sy Chief Financial Officer and Treasurer | — | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Yael Duffy President and Chief Executive Officer; Managing Trustee | — | — | ◇ | — | — | — | ◇ | ◇ |
Tiffany Sy Chief Financial Officer and Treasurer | — | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Tiffany R. Sy | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Yael Duffy | RSU | ◇ | — | — | ◇ | — | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Yael Duffy | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Tiffany Sy | RSU | ◇ | ◇ | — | — |
| 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
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Joseph L. Morea | ◇ | ◇ | — | — | — | — | ◇ |
Bruce M. Gans | ◇ | ◇ | — | — | — | — | ◇ |
Kevin C. Phelan | ◇ | ◇ | — | — | — | — | ◇ |
Lisa Harris Jones | ◇ | ◇ | — | — | — | — | ◇ |
June S. Youngs | ◇ | ◇ | — | — | — | — | ◇ |
Matthew P. Jordan | — | ◇ | — | — | — | — | ◇ |
Adam Portnoy | — | ◇ | — | — | — | — | ◇ |
Yael Duffy | — | ◇ | — | — | — | — | — |
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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 9, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 28, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 30, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 1, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 1, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 2, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 28, 2020 | = | ◇ | ◇ | ◇ |
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 — $1,500Written 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 — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable 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 IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
89 figures on this page: 82 cited to the filing that reported them, 7 calculated from figures it prints.
82 cited to the filing
7 calculated from the filing
Documents cited
- 0001104659-26-072336
- 0001104659-26-0309282025 Grants of Plan Based Awards · 2025 Outstanding Equity Awards at Fiscal Year End · Summary Compensation Table · TRUSTEE COMPENSATION
- 0001104659-25-054887
- 0001104659-25-025603Compensation Discussion and Analysis · Summary Compensation Table
- 0001104659-24-067489
- 0001104659-24-036686Summary Compensation Table
- 0001104659-23-067542
- 0001104659-22-067599
- 0001104659-21-076519
- 0001104659-20-067773
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Industrial Logistics Properties Trust executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/ILPT (accessed 2026).
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Real Estate rankings
Peers Industrial Logistics Properties Trust discloses
The companies named in ILPT's own disclosed peer group.
Terms on this page
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}
}