Director Kevin C Phelan bought 2,000 shares of ILPT at $8.87; stock now at $8.69; company posted $-9.4M net loss.
Kevin C Phelan, a director, purchased 2,000 shares of ILPT at $8.87 on 2026-05-22, increasing his holdings by 36.4% from 5,500 to 7,500 shares. The transaction occurred near the stock's 52-week high ($8.89), with the stock currently trading at $8.69. Against his same-ticker history at ILPT, Phelan's prior two completed buys showed a 0 of 2 well-timed record at the 90-day mark—his 2024 buy declined 25.6% and his 2025 buy declined 3.1%—suggesting a pattern of purchases ahead of near-term weakness. Most significantly, ILPT reported a full-year net loss of $-9.4M, indicating the company is currently unprofitable. The accumulation amid negative earnings and a track record of underwater positions at this ticker presents a contrarian signal that warrants scrutiny of the company's operational trajectory and cash position.