ILPT Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	476.57M EUR	592.18M EUR	378.66M EUR	369.26M EUR
Enterprise Value	4.91B EUR	4.65B EUR	4.48B EUR	4.48B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-8.11x	--	--	--
Price to Sales	1.05x	1.3x	0.84x	1.1x
Price to Book	1.03x	1.28x	0.79x	0.75x
EV/Revenue	10.79x	10.21x	9.88x	13.29x
EV/EBITDA	15.98x	14.51x	13.98x	18.77x
Price to FCF (P/FCF)	2.54x	8.6x	5.81x	7.49x
EV/FCF	26.18x	67.58x	68.71x	90.86x
FCF Yield	39.36%	11.62%	17.22%	13.35%