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Dec 31, 2022
ILPT Q4 2022 Earnings Report
Announced fourth quarter 2022 results.
Key Takeaways
Industrial Logistics Properties Trust reported a net loss attributable to common shareholders of $31.0 million, or $0.48 per diluted share, and normalized FFO attributable to common shareholders of $5.4 million, or $0.08 per diluted share for the quarter ended December 31, 2022.
Executed 1.4 Million Square Feet of Leasing at 18.7% Higher Rental Rates
Full Year Leasing Activity of 7.8 Million Square Feet at 47.3% Higher Rental Rates
Net Loss Attributable to Common Shareholders of $0.48 Per Share
Normalized FFO Attributable to Common Shareholders of $0.08 Per Share
Forward Guidance
ILPT believes the strength of industrial real estate fundamentals will continue to allow them to organically grow cash flows through mark-to-market opportunities and tenant retention. With a 99.1% leased portfolio, exceptional tenant roster and no near-term debt maturities, they will continue to be patient as they evaluate opportunities to strengthen their balance sheet and reduce leverage.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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