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INDUSTRIAL LOGISTICS PROPERTIES TRUST 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and INDUSTRIAL LOGISTICS PROPERTIES TRUST’s Form 8-K, filed May 30, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

9Ballot items
148Asset managers
1,327Fund votes
May 28, 2025Meeting date

Results at a glance

Meeting of May 28, 2025: 9 items on INDUSTRIAL LOGISTICS PROPERTIES TRUST’s Form 8-K, filed May 30, 2025: 7 elected · 1 approved · 1 without a stated outcome.

Material dissent

Elect Director: Lisa Harris Jones 76% of votes cast Elected Director under 80%
Elect Director: Adam Portnoy 76% of votes cast Elected Director under 80%

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore INDUSTRIAL LOGISTICS PROPERTIES TRUST in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by INDUSTRIAL LOGISTICS PROPERTIES TRUST

These tallies are INDUSTRIAL LOGISTICS PROPERTIES TRUST’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 30, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

INDUSTRIAL LOGISTICS PROPERTIES TRUST — official shareholder meeting results, meeting held May 28, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Bruce M. Gans, M.D.	41,354,057	--	--	992,985	14,815,897	98%	Elected	—
Elect Director: Lisa Harris Jones	32,380,032	--	--	9,967,010	14,815,897	76%	Elected	—
Elect Director: Matthew P. Jordan	40,857,284	--	--	1,489,758	14,815,897	96%	Elected	—
Elect Director: Joseph L. Morea	41,382,975	--	--	964,067	14,815,897	98%	Elected	—
Elect Director: Kevin C. Phelan	36,279,327	--	--	6,067,715	14,815,897	86%	Elected	—
Elect Director: Adam Portnoy	32,304,424	--	--	10,042,618	14,815,897	76%	Elected	—
Elect Director: June S. Youngs	41,367,108	--	--	979,934	14,815,897	98%	Elected	—
The Company's shareholders also voted on a non-binding advisory resolution on the compensation paid to the Company's named executive officers as disclosed pursuant to Item 402 of Regulation S-K in the Company's proxy statement relating to the 2025 Annual Meeti	34,991,390	1,717,569	5,638,083	--	14,815,897	95%	Not verified	—
The Company's shareholders also ratified the appointment of Deloitte & Touche LLP as the Company's independent auditors to serve for the 2025 fiscal year. This proposal received the following votes:	56,651,716	206,362	304,861	--	--	99.6%	Approved	—

Source: INDUSTRIAL LOGISTICS PROPERTIES TRUST, Form 8-K, filed with the SEC on May 30, 2025 — read the filing on EDGAR.

How asset managers voted at the INDUSTRIAL LOGISTICS PROPERTIES TRUST 2024-2025 meeting

Each item below shows how the 148 asset managers that disclosed a INDUSTRIAL LOGISTICS PROPERTIES TRUST vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Adam Portnoy

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

76% Majority: yes · of votes cast

FOR 76%WITHHELD

FOR: 32,304,424WITHHELD: 10,042,618

Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Trustees: Nominees (for Managing Trustee): Adam Portnoy

INDUSTRIAL LOGISTICS PROPERTIES TRUST’s own tally for this item (“Elect Director: Adam Portnoy”): 32,304,424 for, 10,042,618 withheld, per its Form 8-K filed May 30, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following persons were elected as Trustees and received the following votes:”
Support: 76% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 8,110,360 for, 3,930,178 withheld, 219,069 abstained.

FORWITHHOLD

FOR: 8,110,360ABSTAIN: 219,069WITHHOLD: 3,930,178

Largest asset managers voting on “Election of Trustees: Nominees (for Managing Trustee): Adam Portnoy” at INDUSTRIAL LOGISTICS PROPERTIES TRUST, 2024-2025
Asset manager	For	Abstain	Withheld	Vote
BlackRock	3,143,264	166,598	0	Mixed
Vanguard	3,232,169	0	60,685	For
Fidelity	0	0	1,426,509	Withhold
Charles Schwab	964,685	0	0	For
Russell Investments	0	0	837,021	Withhold
Dimensional	0	0	541,533	Withhold
Thrivent	0	0	480,339	Withhold
TARGET PORTFOLIO TRUST	0	0	157,200	Withhold
Equitable	118,667	0	21,740	Mixed
TIAA	0	0	118,887	Withhold
QUANTITATIVE MASTER SERIES LLC	115,263	0	0	For
ADVISORS' INNER CIRCLE FUND	85,200	0	0	For
Invesco	75,597	0	0	For
OPTIMUM FUND TRUST	63,789	0	0	For
SEI	60,800	0	0	For
SEI Exchange Traded Funds	56,766	0	0	For
Lincoln Financial	46,800	0	0	For
Goldman Sachs	0	0	41,795	Withhold
Global X	38,339	0	0	For
Northern Trust	0	0	36,824	Withhold
Pacific Life	32,630	0	0	For
AIG/SunAmerica	0	0	32,173	Withhold
Bridge Builder Trust	29,175	0	0	For
Putnam	0	0	27,889	Withhold
State Street	26,589	0	0	For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

2. Elect Director: Bruce M. Gans, M.D.

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 41,354,057WITHHELD: 992,985

Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Trustees: Nominees (for Independent Trustee): Bruce M. Gans

INDUSTRIAL LOGISTICS PROPERTIES TRUST’s own tally for this item (“Elect Director: Bruce M. Gans, M.D.”): 41,354,057 for, 992,985 withheld, per its Form 8-K filed May 30, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following persons were elected as Trustees and received the following votes:”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 12,237,867 for, 21,740 withheld.

FOR

FOR: 12,237,867WITHHOLD: 21,740

Largest asset managers voting on “Election of Trustees: Nominees (for Independent Trustee): Bruce M. Gans” at INDUSTRIAL LOGISTICS PROPERTIES TRUST, 2024-2025
Asset manager	For	Withheld	Vote
BlackRock	3,309,862	0	For
Vanguard	3,292,854	0	For
Fidelity	1,426,509	0	For
Charles Schwab	964,685	0	For
Russell Investments	837,021	0	For
Dimensional	541,533	0	For
Thrivent	480,339	0	For
TARGET PORTFOLIO TRUST	157,200	0	For
Equitable	118,667	21,740	Mixed
TIAA	118,887	0	For
QUANTITATIVE MASTER SERIES LLC	115,263	0	For
ADVISORS' INNER CIRCLE FUND	85,200	0	For
Invesco	75,597	0	For
OPTIMUM FUND TRUST	63,789	0	For
SEI	60,800	0	For
SEI Exchange Traded Funds	56,766	0	For
Lincoln Financial	46,800	0	For
Goldman Sachs	41,795	0	For
Global X	38,339	0	For
Northern Trust	36,824	0	For
Pacific Life	32,630	0	For
AIG/SunAmerica	32,173	0	For
Bridge Builder Trust	29,175	0	For
Putnam	27,889	0	For
State Street	26,589	0	For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

3. Elect Director: Joseph L. Morea

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 41,382,975WITHHELD: 964,067

Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Trustees: Nominees (for Independent Trustee): Joseph L. Morea

INDUSTRIAL LOGISTICS PROPERTIES TRUST’s own tally for this item (“Elect Director: Joseph L. Morea”): 41,382,975 for, 964,067 withheld, per its Form 8-K filed May 30, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 47 asset managers below reported 12,237,867 for, 21,740 withheld.

FOR

FOR: 12,237,867WITHHOLD: 21,740

Largest asset managers voting on “Election of Trustees: Nominees (for Independent Trustee): Joseph L. Morea” at INDUSTRIAL LOGISTICS PROPERTIES TRUST, 2024-2025
Asset manager	For	Withheld	Vote
BlackRock	3,309,862	0	For
Vanguard	3,292,854	0	For
Fidelity	1,426,509	0	For
Charles Schwab	964,685	0	For
Russell Investments	837,021	0	For
Dimensional	541,533	0	For
Thrivent	480,339	0	For
TARGET PORTFOLIO TRUST	157,200	0	For
Equitable	118,667	21,740	Mixed
TIAA	118,887	0	For
QUANTITATIVE MASTER SERIES LLC	115,263	0	For
ADVISORS' INNER CIRCLE FUND	85,200	0	For
Invesco	75,597	0	For
OPTIMUM FUND TRUST	63,789	0	For
SEI	60,800	0	For
SEI Exchange Traded Funds	56,766	0	For
Lincoln Financial	46,800	0	For
Goldman Sachs	41,795	0	For
Global X	38,339	0	For
Northern Trust	36,824	0	For
Pacific Life	32,630	0	For
AIG/SunAmerica	32,173	0	For
Bridge Builder Trust	29,175	0	For
Putnam	27,889	0	For
State Street	26,589	0	For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

4. Elect Director: June S. Youngs

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 41,367,108WITHHELD: 979,934

Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Trustees: Nominees (for Independent Trustee): June S. Youngs

INDUSTRIAL LOGISTICS PROPERTIES TRUST’s own tally for this item (“Elect Director: June S. Youngs”): 41,367,108 for, 979,934 withheld, per its Form 8-K filed May 30, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 47 asset managers below reported 12,237,867 for, 21,740 withheld.

FOR

FOR: 12,237,867WITHHOLD: 21,740

Largest asset managers voting on “Election of Trustees: Nominees (for Independent Trustee): June S. Youngs” at INDUSTRIAL LOGISTICS PROPERTIES TRUST, 2024-2025
Asset manager	For	Withheld	Vote
BlackRock	3,309,862	0	For
Vanguard	3,292,854	0	For
Fidelity	1,426,509	0	For
Charles Schwab	964,685	0	For
Russell Investments	837,021	0	For
Dimensional	541,533	0	For
Thrivent	480,339	0	For
TARGET PORTFOLIO TRUST	157,200	0	For
Equitable	118,667	21,740	Mixed
TIAA	118,887	0	For
QUANTITATIVE MASTER SERIES LLC	115,263	0	For
ADVISORS' INNER CIRCLE FUND	85,200	0	For
Invesco	75,597	0	For
OPTIMUM FUND TRUST	63,789	0	For
SEI	60,800	0	For
SEI Exchange Traded Funds	56,766	0	For
Lincoln Financial	46,800	0	For
Goldman Sachs	41,795	0	For
Global X	38,339	0	For
Northern Trust	36,824	0	For
Pacific Life	32,630	0	For
AIG/SunAmerica	32,173	0	For
Bridge Builder Trust	29,175	0	For
Putnam	27,889	0	For
State Street	26,589	0	For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

5. Elect Director: Kevin C. Phelan

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

86% Majority: yes · of votes cast

FOR 86%WITHHELD

FOR: 36,279,327WITHHELD: 6,067,715

Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Trustees: Nominees (for Independent Trustee): Kevin C. Phelan

INDUSTRIAL LOGISTICS PROPERTIES TRUST’s own tally for this item (“Elect Director: Kevin C. Phelan”): 36,279,327 for, 6,067,715 withheld, per its Form 8-K filed May 30, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following persons were elected as Trustees and received the following votes:”
Support: 86% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 10,673,795 for, 1,366,743 withheld, 219,069 abstained.

FOR

FOR: 10,673,795ABSTAIN: 219,069WITHHOLD: 1,366,743

Largest asset managers voting on “Election of Trustees: Nominees (for Independent Trustee): Kevin C. Phelan” at INDUSTRIAL LOGISTICS PROPERTIES TRUST, 2024-2025
Asset manager	For	Abstain	Withheld	Vote
BlackRock	3,143,264	166,598	0	Mixed
Vanguard	3,232,169	0	60,685	For
Fidelity	1,381,839	0	44,670	For
Charles Schwab	964,685	0	0	For
Russell Investments	837,021	0	0	For
Dimensional	0	0	541,533	Withhold
Thrivent	0	0	480,339	Withhold
TARGET PORTFOLIO TRUST	157,200	0	0	For
Equitable	118,667	0	21,740	Mixed
TIAA	118,887	0	0	For
QUANTITATIVE MASTER SERIES LLC	115,263	0	0	For
ADVISORS' INNER CIRCLE FUND	85,200	0	0	For
Invesco	75,597	0	0	For
OPTIMUM FUND TRUST	63,789	0	0	For
SEI	60,800	0	0	For
SEI Exchange Traded Funds	56,766	0	0	For
Lincoln Financial	46,800	0	0	For
Goldman Sachs	0	0	41,795	Withhold
Global X	38,339	0	0	For
Northern Trust	36,824	0	0	For
Pacific Life	32,630	0	0	For
AIG/SunAmerica	0	0	32,173	Withhold
Bridge Builder Trust	29,175	0	0	For
Putnam	0	0	27,889	Withhold
State Street	26,589	0	0	For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

6. Elect Director: Lisa Harris Jones

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

76% Majority: yes · of votes cast

FOR 76%WITHHELD

FOR: 32,380,032WITHHELD: 9,967,010

Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Trustees: Nominees (for Independent Trustee): Lisa Harris Jones

INDUSTRIAL LOGISTICS PROPERTIES TRUST’s own tally for this item (“Elect Director: Lisa Harris Jones”): 32,380,032 for, 9,967,010 withheld, per its Form 8-K filed May 30, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 47 asset managers below reported 8,240,795 for, 3,987,166 withheld, 31,646 abstained.

FORWITHHOLD

FOR: 8,240,795ABSTAIN: 31,646WITHHOLD: 3,987,166

Largest asset managers voting on “Election of Trustees: Nominees (for Independent Trustee): Lisa Harris Jones” at INDUSTRIAL LOGISTICS PROPERTIES TRUST, 2024-2025
Asset manager	For	Withheld	Vote
BlackRock	3,309,862	0	For
Vanguard	3,232,169	60,685	For
Fidelity	0	1,426,509	Withhold
Charles Schwab	964,685	0	For
Russell Investments	0	837,021	Withhold
Dimensional	0	541,533	Withhold
Thrivent	0	480,339	Withhold
TARGET PORTFOLIO TRUST	157,200	0	For
Equitable	118,667	21,740	Mixed
TIAA	118,887	0	For
QUANTITATIVE MASTER SERIES LLC	115,263	0	For
ADVISORS' INNER CIRCLE FUND	0	85,200	Withhold
Invesco	75,597	0	For
OPTIMUM FUND TRUST	0	63,789	Withhold
SEI	0	60,800	Withhold
SEI Exchange Traded Funds	0	56,766	Withhold
Lincoln Financial	0	46,800	Withhold
Goldman Sachs	0	41,795	Withhold
Global X	0	38,339	Withhold
Northern Trust	36,824	0	For
Pacific Life	32,630	0	For
AIG/SunAmerica	0	32,173	Withhold
Bridge Builder Trust	29,175	0	For
Putnam	0	27,889	Withhold
State Street	0	26,589	Withhold

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

7. Elect Director: Matthew P. Jordan

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 40,857,284WITHHELD: 1,489,758

Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Trustees: Nominees (for Managing Trustee): Matthew P. Jordan

INDUSTRIAL LOGISTICS PROPERTIES TRUST’s own tally for this item (“Elect Director: Matthew P. Jordan”): 40,857,284 for, 1,489,758 withheld, per its Form 8-K filed May 30, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following persons were elected as Trustees and received the following votes:”
Support: 96% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 12,050,444 for, 21,740 withheld, 187,423 abstained.

FOR

FOR: 12,050,444ABSTAIN: 187,423WITHHOLD: 21,740

Largest asset managers voting on “Election of Trustees: Nominees (for Managing Trustee): Matthew P. Jordan” at INDUSTRIAL LOGISTICS PROPERTIES TRUST, 2024-2025
Asset manager	For	Abstain	Withheld	Vote
BlackRock	3,143,264	166,598	0	Mixed
Vanguard	3,292,854	0	0	For
Fidelity	1,426,509	0	0	For
Charles Schwab	964,685	0	0	For
Russell Investments	837,021	0	0	For
Dimensional	541,533	0	0	For
Thrivent	480,339	0	0	For
TARGET PORTFOLIO TRUST	157,200	0	0	For
Equitable	118,667	0	21,740	Mixed
TIAA	118,887	0	0	For
QUANTITATIVE MASTER SERIES LLC	115,263	0	0	For
ADVISORS' INNER CIRCLE FUND	85,200	0	0	For
Invesco	75,597	0	0	For
OPTIMUM FUND TRUST	63,789	0	0	For
SEI	60,800	0	0	For
SEI Exchange Traded Funds	56,766	0	0	For
Lincoln Financial	46,800	0	0	For
Goldman Sachs	41,795	0	0	For
Global X	38,339	0	0	For
Northern Trust	36,824	0	0	For
Pacific Life	32,630	0	0	For
AIG/SunAmerica	32,173	0	0	For
Bridge Builder Trust	29,175	0	0	For
Putnam	27,889	0	0	For
State Street	26,589	0	0	For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

8. The Company's shareholders also voted on a non-binding advisory resolution on the compensation paid to the Company's…

Outcome not verified Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 34,991,390AGAINST: 1,717,569

Details: description as filed, official tally, votes by 148 asset managers

Description as filed by funds: Advisory vote to approve executive compensation.

INDUSTRIAL LOGISTICS PROPERTIES TRUST’s own tally for this item (“The Company's shareholders also voted on a non-binding advisory resolution on the compensation paid to the Company's named executive officers as disclosed pursuant to Item 402 of Regulation S-K in the Company's proxy sta”): 34,991,390 for, 1,717,569 against, per its Form 8-K filed May 30, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 47 asset managers voting on “Advisory vote to approve executive compensation.” at INDUSTRIAL LOGISTICS PROPERTIES TRUST, 2024-2025
Asset manager	For	Against	Vote
BlackRock	3,309,862	0	For
Vanguard	3,292,854	0	For
Fidelity	1,426,509	0	For
Charles Schwab	964,685	0	For
Russell Investments	837,021	0	For
Dimensional	541,533	0	For
Thrivent	480,339	0	For
TARGET PORTFOLIO TRUST	157,200	0	For
Equitable	140,407	0	For
TIAA	0	118,887	Against
QUANTITATIVE MASTER SERIES LLC	115,263	0	For
ADVISORS' INNER CIRCLE FUND	85,200	0	For
Invesco	0	75,597	Against
OPTIMUM FUND TRUST	63,789	0	For
SEI	60,800	0	For
SEI Exchange Traded Funds	56,766	0	For
Lincoln Financial	46,800	0	For
Goldman Sachs	41,795	0	For
Global X	38,339	0	For
Northern Trust	36,824	0	For
Pacific Life	32,630	0	For
AIG/SunAmerica	32,173	0	For
Bridge Builder Trust	29,175	0	For
Putnam	27,889	0	For
State Street	26,589	0	For

Fund voting reports, all 47 managers: 12,058,726 for, 200,881 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 120 asset managers voting on “Advisory vote to approve executive compensation.” at INDUSTRIAL LOGISTICS PROPERTIES TRUST, 2024-2025
Asset manager	For	Against	Vote
BlackRock	2,468,797	374	For
Nantahala Capital Management, LLC	2,403,542	0	For
GEODE CAPITAL MANAGEMENT, LLC	1,546,476	0	For
DE Shaw	1,264,454	0	For
Union Square Park Capital Management, LLC	1,184,475	0	For
Charles Schwab	964,711	0	For
State Street	941,373	2,396	For
Russell Investments	847,113	0	For
Thrivent	659,959	0	For
LSV ASSET MANAGEMENT	626,476	0	For
Northern Trust	486,896	6,200	For
DigitalBridge Group, Inc.	414,158	0	For
MELLON INVESTMENTS Corp	0	202,843	Against
Prudential/PGIM	162,721	0	For
CORSAIR CAPITAL MANAGEMENT, L.P.	140,251	0	For
Nuveen	0	134,234	Against
SEI	119,178	0	For
Dimensional	118,339	0	For
Invesco	0	102,820	Against
PARAMETRIC PORTFOLIO ASSOCIATES LLC	0	89,654	Against
UI BVK Kapitalverwaltungsgesellschaft mbH	86,544	0	For
Vanguard	85,976	0	For
Asset Management One Co., Ltd.	85,852	0	For
Renaissance	81,174	0	For
NOMURA ASSET MANAGEMENT CO LTD	0	78,900	Against

Institutional-manager reports, all 120 managers: 15,633,379 for, 762,332 against. Showing the 25 largest; see all in the interactive database.

9. The Company's shareholders also ratified the appointment of Deloitte & Touche LLP as the Company's independent auditors…

Official resultAUDIT-RELATEDReported outcome: Approved

99.6% Approved · of votes cast

FOR 99.6%

FOR: 56,651,716AGAINST: 206,362

Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Ratification of the appointment of Deloitte & Touche LLP as independent auditors to serve for the 2025 fiscal year.

INDUSTRIAL LOGISTICS PROPERTIES TRUST’s own tally for this item (“The Company's shareholders also ratified the appointment of Deloitte & Touche LLP as the Company's independent auditors to serve for the 2025 fiscal year. This proposal received the following votes:”): 56,651,716 for, 206,362 against — passed, per its Form 8-K filed May 30, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The Company's shareholders also ratified the appointment of Deloitte & Touche LLP as the Company's independent auditors to serve for the 2025 fiscal year.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 12,259,607 for.

FOR

FOR: 12,259,607

Largest asset managers voting on “Ratification of the appointment of Deloitte & Touche LLP as independent auditors to serve for the 2025 fiscal ” at INDUSTRIAL LOGISTICS PROPERTIES TRUST, 2024-2025
Asset manager	For	Vote
BlackRock	3,309,862	For
Vanguard	3,292,854	For
Fidelity	1,426,509	For
Charles Schwab	964,685	For
Russell Investments	837,021	For
Dimensional	541,533	For
Thrivent	480,339	For
TARGET PORTFOLIO TRUST	157,200	For
Equitable	140,407	For
TIAA	118,887	For
QUANTITATIVE MASTER SERIES LLC	115,263	For
ADVISORS' INNER CIRCLE FUND	85,200	For
Invesco	75,597	For
OPTIMUM FUND TRUST	63,789	For
SEI	60,800	For
SEI Exchange Traded Funds	56,766	For
Lincoln Financial	46,800	For
Goldman Sachs	41,795	For
Global X	38,339	For
Northern Trust	36,824	For
Pacific Life	32,630	For
AIG/SunAmerica	32,173	For
Bridge Builder Trust	29,175	For
Putnam	27,889	For
State Street	26,589	For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

Largest INDUSTRIAL LOGISTICS PROPERTIES TRUST shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 66,142,140 shares outstanding at the time of that meeting.

Fund voting reports: top INDUSTRIAL LOGISTICS PROPERTIES TRUST shareholders by shares voted on “Advisory vote to approve executive compensation.”, 2024-2025
#	Asset manager	% of shares outstanding
1	BlackRock	5.00%
2	Vanguard	4.98%
3	Fidelity	2.16%
4	Charles Schwab	1.46%
5	Russell Investments	1.27%
6	Dimensional	0.82%
7	Thrivent	0.73%
8	TARGET PORTFOLIO TRUST	0.24%
9	Equitable	0.21%
10	TIAA	0.18%

Institutional-manager reports: top INDUSTRIAL LOGISTICS PROPERTIES TRUST shareholders by shares voted on “Advisory vote to approve executive compensation.”, 2024-2025
#	Asset manager	% of shares outstanding
1	BlackRock	3.73%
2	Nantahala Capital Management, LLC	3.63%
3	GEODE CAPITAL MANAGEMENT, LLC	2.34%
4	DE Shaw	1.91%
5	Union Square Park Capital Management, LLC	1.79%
6	Charles Schwab	1.46%
7	State Street	1.43%
8	Russell Investments	1.28%
9	Thrivent	1.00%
10	LSV ASSET MANAGEMENT	0.95%

Reported INDUSTRIAL LOGISTICS PROPERTIES TRUST holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

INDUSTRIAL LOGISTICS PROPERTIES TRUST holdings and ownership disclosed for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
BlackRock	9.92%	13F
MCB LP Acquisitions LLC (“MCB”)	9.68%	DEF14A
BlackRock, Inc. (“Blackrock”)	8.93%	DEF14A
He Zhengxu	4.95%	13G
Vanguard Group	4.93%	13F
Geode Capital	2.30%	13F
D.E. Shaw	2.13%	13F
State Street	1.59%	13F
Dimensional Fund Advisors	1.19%	13F
Northern Trust	0.79%	13F

Percentages above are of 66,142,140 shares outstanding, as reported by INDUSTRIAL LOGISTICS PROPERTIES TRUST on its Form 10-Q dated April 25, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from INDUSTRIAL LOGISTICS PROPERTIES TRUST’s 10-Q dated April 25, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At INDUSTRIAL LOGISTICS PROPERTIES TRUST's shareholder meeting held May 28, 2025, in the 2024-2025 proxy season, 148 asset managers reported how they voted on 9 ballot items in their SEC Form N-PX filings, covering 1,327 separate fund positions. On the most widely held item on that ballot — Advisory vote to approve executive compensation. — FOR was 95% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: INDUSTRIAL LOGISTICS PROPERTIES TRUST's Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 30, 2025.

INDUSTRIAL LOGISTICS PROPERTIES TRUST proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.