On this page of Benford's Law Stocks.com we present our study of Industrial Logistics Properties Trust — ticker symbol ILPT. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 7/29/2020 to 4/29/2025 for Industrial Logistics Properties Trust under CIK number 0001717307. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for ILPT, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Industrial Logistics Properties Trust based on the past ILPT filings our system processed in the past.
31.6
12.6
12.3
13.0
6.9
11.5
3.4
3.6
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, ILPT stockholder letter ]
Total numbers found: 494
Recent share count: 66,142,140 (6's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
494
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 5 numbers to move any given column by a full percentage point.
63

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 2's percentage was below the typical coverage universe range.
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the company's typical historical range.
 • The 6's percentage was higher than the 5's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 6, we canceled the penalty multiplier.
 • We deducted points upon observing the 6's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 7's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 7's percentage was below the company's typical historical range.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 3rd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the company's typical historical range.
Benford's Law Stocks Indicator
ILPT
Low score compared to other filers, falling in the bottom quartile.
FTNT
HNST
LYTS
NN
HCWB
HURC
IMVT
NKTR
Check our work! We provide our Industrial Logistics Properties Trust Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the ILPT filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 156 numbers that start with the digit 1. Here they are:
1,113,711
1,113,711
114,700
116,732
190,123
199,193
107,951
131,706
128,751
110,774
108,017
104,730
131,464
129,162
14,089
14,937
100,000,000
1,017,627
1,017,382
108,005
1,611
1,065
1,009,330
111,905
112,235
14,154
15,861
10,249
10,322
1,968
1,042
1,723
10,499
1,888
1,017,382
1,065
1,009,330
1,017,627
108,005
1,611
1,015,777
10,171
1,161,779
10,499
11,857
1,888
163
163
1,016,067
14,207
1,122,500
10,211
10,974
1,003
16,537
1,042
1,723
159
11,371
15,010
16,537
11,689
11,770
134
129
163
107,951
128,394
128,751
108,083
16,729,000
185
10,514
15
10,499
163
18
12
11,726,000
19,857
104
1,235,000
1,009,721
186
17
1,400,000
1,788,145
177,115
1
1
11,308
1
1
127,512
1
1
1
106,806
1
109,564
104
1,235,000
1,017,228
186
17
1,400,000
1,802,396
178,465
1
10,020
1
11,636
1
1
127,960
1
1
1
107,606
1
110,346
1,235,000
104
16,975
1,400,000
15,010
1,249,159
1,419,499
1,661,331
1,665,649
1,565,801
1,535,640
114,700
114,700
116,732
116,732
16,916
16,916
116,732
115,360
1,042
1,723
114,700
116,093
1,570
1,605
1,620
1,687
100,000
1,235,000
13,302
1,400,000
1,400,000
11,937
16,916
1,759
We found 62 numbers that start with the digit 2. Here they are:
2,852
28
21,532
23,403
256
2,958
22,078
26,361
21,532
21,532
245
245
245
256
23,403
23,403
290
290
290
2,958
2,958
247
2,138
2,132
26,175
2
242,480
245,723
236,702
236,477
236,702
236,477
226
27
20,978,000
22
2,127
22
21,175
27.7
28.0
28.7
28.9
28,330
25,579
22,179
2.95
28,363
26,200
22,637
2.95
2.78
2.25
2.77
2.78
2.25
20,224
20,989
20,913
20,913
2.78
20,913
We found 61 numbers that start with the digit 3. Here they are:
369,147
368,486
30,099
35,592
33
31,169
33,902
33
36
368,486
31,169
30
30
369,147
365,848
33,902
366,506
31,169
33,902
31,858
31,540
376
3,287
3,489
339
3,972
30
348
39
38
3
3,222
3,959
3,373
35
33
30
3.67
35,829
3.10
35,953
3.25
3.67
36,684
3.10
36,655
3.25
3.93
3.10
3.04
3.10
3.04
3.59
3,267
3,330
30
3,297
3,403
3.04
3,614
3.10
4's 5's 6's
We found 64 numbers that start with the digit 4. Here they are:
4,067,380
4,066,674
4,625,377
4,656,499
4,296,146
4,300,537
4,774
4,386,712
4,397,001
437,388
447,311
41,518
43,577
4,846
447,311
437,388
491,825
4,846
479,275
408
4,633
4,466
49
411
43,161,000
444
4,078
4,173
4,193
4,288
4.31
490,369
4.42
489,606
4
4.14
41,926
4.02
4.13
44,739
40,886
4.27
45,790
4,303,196
4,591,313
4,296,146
4.31
490,454
4.42
491,143
4
4.14
42,242
4.02
4.13
45,070
41,491
4.27
46,506
4,307,829
4,620,037
4,300,537
4,303,196
4,674
We found 34 numbers that start with the digit 5. Here they are:
5,181,091
5,180,385
555,714
523,886
5,363,625
5,406,331
5,182
539,525
562,019
5,363,625
5,406,331
546
562,019
546
546
539,525
573
5,460
5,465
5,778
59,523
59,621
59,890,000
5.87
5.53
5.81
5.51
5.82
5.25
5.25
5,735
5,830
5,830
50
We found 57 numbers that start with the digit 6. Here they are:
66,142,140
65,259
62,265
66,143,704
66,144,308
661
661
69,813
65,834
65,556
66,144,308
661
604
661
661
661
66,143,704
661
65,843,387
658
669,954
658
658
658
65,831,530
658
643,225
6,654
6,489
6,353
661
658
61
61
64,000
67
6.7
6.7
6.71
650,000
6.25
6.71
650,000
6.25
6.71
6.18
6.09
671,778
6.25
6.50
6.25
6.50
604
661
661
6,702
69,813
7's 8's 9's
We found 17 numbers that start with the digit 7. Here they are:
71,295
76,753
7,689
74,159
77,449
73,230
7,213
7,210
705
7,989
734
700,000
7,050
700,000
7,292
73
73,230
We found 18 numbers that start with the digit 8. Here they are:
86,473
8,238
802
86,473
802
8,222
80
849
802
82
81,856
82
82,443
82
8.00
8.25
82
8,976
We found 25 numbers that start with the digit 9. Here they are:
976,913
9,637
9,637
976,913
9,196
9,674
990
990
985
9,674
9,246
94
9,672
9,637
91,000
9,672
95,624
91,000
96,321
921,547
990
990
967
957
9,520
While the above ILPT 10Q Filed 4/29/2025 is interesting in isolation, we have found that it is also useful to take a look at older Industrial Logistics Properties Trust filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 4/29/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical ILPT 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

31.6
12.6
12.3
13.0
6.9
11.5
3.4
3.6
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 63
XBRL?   [ original filing ]
Total numbers found: 494

= Typical ILPT range from 7/29/2020 to 4/29/2025
32.7
14.5
11.7
12.3
5.8
13.1
4.2
2.3
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 642

= Typical ILPT range from 7/29/2020 to 4/29/2025
27.8
14.2
14.3
12.5
7.9
11.0
5.3
3.9
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL?   [ original filing ]
Total numbers found: 774

= Typical ILPT range from 7/29/2020 to 4/29/2025
33.6
18.9
13.0
7.7
6.1
6.3
4.4
5.6
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 3,125

= Typical ILPT range from 7/29/2020 to 4/29/2025
27.4
14.8
18.0
9.4
7.4
11.7
5.1
2.9
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 69
XBRL?   [ original filing ]
Total numbers found: 583

= Typical ILPT range from 7/29/2020 to 4/29/2025
32.2
20.2
10.6
8.4
3.2
15.0
4.0
2.2
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL?   [ original filing ]
Total numbers found: 500

= Typical ILPT range from 7/29/2020 to 4/29/2025
32.5
14.2
11.0
7.5
5.0
15.8
3.6
3.8
6.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 52
XBRL?   [ original filing ]
Total numbers found: 557

= Typical ILPT range from 7/29/2020 to 4/29/2025
35.2
18.8
12.8
8.4
5.9
6.2
3.7
5.0
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 3,002

= Typical ILPT range from 7/29/2020 to 4/29/2025
31.1
11.8
13.5
13.7
6.2
12.0
4.6
2.5
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 54
XBRL?   [ original filing ]
Total numbers found: 482

= Typical ILPT range from 7/29/2020 to 4/29/2025
26.5
14.1
15.6
12.4
7.2
11.1
6.2
3.1
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL?   [ original filing ]
Total numbers found: 736

= Typical ILPT range from 7/29/2020 to 4/29/2025
25.7
15.1
14.1
11.5
8.6
11.5
5.0
4.7
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL?   [ original filing ]
Total numbers found: 852

= Typical ILPT range from 7/29/2020 to 4/29/2025
37.2
18.6
10.9
6.5
6.0
6.4
4.3
6.4
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 2,121

= Typical ILPT range from 7/29/2020 to 4/29/2025
33.6
18.9
9.3
5.4
3.9
16.5
6.0
2.4
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 69
XBRL?   [ original filing ]
Total numbers found: 333

= Typical ILPT range from 7/29/2020 to 4/29/2025
33.9
16.9
8.7
8.7
4.3
15.3
4.1
3.5
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL?   [ original filing ]
Total numbers found: 516

= Typical ILPT range from 7/29/2020 to 4/29/2025
31.6
14.4
12.7
10.9
7.1
12.4
4.2
2.8
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL?   [ original filing ]
Total numbers found: 708

= Typical ILPT range from 7/29/2020 to 4/29/2025
35.1
18.5
12.7
8.2
6.1
6.2
4.2
4.8
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 3,107

= Typical ILPT range from 7/29/2020 to 4/29/2025
26.3
11.0
17.7
13.3
8.7
11.7
4.4
3.2
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 62
XBRL?   [ original filing ]
Total numbers found: 566

= Typical ILPT range from 7/29/2020 to 4/29/2025
29.7
13.6
15.4
11.4
7.9
10.4
5.0
3.0
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL?   [ original filing ]
Total numbers found: 799

= Typical ILPT range from 7/29/2020 to 4/29/2025
31.4
18.4
9.0
6.9
5.5
15.3
4.9
2.1
6.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 57
XBRL?   [ original filing ]
Total numbers found: 577

= Typical ILPT range from 7/29/2020 to 4/29/2025
36.3
19.0
10.2
6.5
6.7
6.4
4.6
6.0
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 80
XBRL?   [ original filing ]
Total numbers found: 2,059

= Typical ILPT range from 7/29/2020 to 4/29/2025
 

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