ILPT Q4 2019 Earnings Report

ILPT experienced continued solid performance, executing its business plan with strong leasing activity and rent growth, resulting in a same-property Cash Basis NOI increase of 5.5%.

Key Takeaways

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.

Total Revenue

$62.2M

Previous year: $42.1M