Industrial Logistics Properties Trust (ILPT) has announced a big fat dividend cut from 33 cents quarterly to 1 cent quarterly per share in 2022. The new 4 cent per share dividend (annually) yields 0.4% at a stock price of $10 for ILPT. Industrial Logistics Properties Trust announced that ILPT’s Board of Trustees has reduced ILPT’s regular quarterly cash distribution on its common shares for the second quarter to $0.01 per share. This dividend will be paid to ILPT’s common shareholders of record as of the close of business on July 25, 2022 and distributed on or about August 18, 2022. Earlier this year, ILPT closed on the strategic acquisition of Monmouth Real Estate Investment Corporation, or Monmouth, which significantly enhanced ILPT’s scale, tenant base and geographic diversity. Since then, there have been unanticipated increases in interest rates and deterioration in real estate market conditions. As a result, it is taking longer than originally expected to complete ILPT’s long term...