secwatch.observer — SEC 8-K summary
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Issuer:     Industrial Logistics Properties Trust (ILPT)
CIK:        0001717307
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001104659-23-021502
Event type: m_and_a
Sentiment:  negative
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ILPT pro forma net loss widens to $237.9M for 9M 2022 after MNR acquisition
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- Pro forma net loss attributable to common shareholders of $237.9M vs historical $195.7M; diluted loss per share $3.65 vs $3.00.
- Pro forma rental income $311.4M (historical $281.8M) from MNR properties and financing adjustments.
- Acquisition financed with $1.4B floating rate CMBS loan, $1.385B bridge loan (repaid Sep 2022), and $700M fixed rate CMBS loan.
- Interest expense pro forma $244.6M; includes $22.2M loss on early extinguishment of debt.
- Pro forma reflects 39% noncontrolling interest in JV with 93 MNR properties and 33% in one TIC property.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717307/000110465923021502/0001104659-23-021502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717307/000110465923021502/tm236401d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-021502

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