Industrial Logistics Properties Trust announced financial results for Q4 2019, with a net income of $11.7 million, or $0.18 per share, and Normalized FFO of $29.7 million, or $0.46 per share. The company completed its first joint venture and acquired an e-commerce distribution center.
Net income for the quarter was $11.7 million, or $0.18 per share.
Normalized FFO for the quarter was $29.7 million, or $0.46 per share.
Same property Cash Basis NOI increased by 5.5% compared to the same period last year.
Completed first joint venture, raising equity capital to reduce debt at net asset value.
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