ILPT Q2 2022 Earnings Report

Experienced continued favorable operating trends, including record leasing activity and same property occupancy of 99.3%.

Key Takeaways

ILPT announced its Q2 2022 financial results, which included a net loss attributable to common shareholders of ($2.20) per share and Normalized FFO attributable to common shareholders of $0.43 per share. The company executed 3.9 million square feet of leasing at 61% higher rental rates. Same Property Cash Basis NOI increased 2.6% compared to the same period last year.

Executed 3.9 million square feet of leasing at 61% higher rental rates.

Net loss attributable to common shareholders was ($2.20) per share, inclusive of a $100.7 million loss on impairment of real estate.

Normalized FFO attributable to common shareholders was $0.43 per share.

Same Property Cash Basis NOI increased 2.6% compared to the same period last year.

Total Revenue

$107M

Previous year: $54.2M