secwatch.observer — SEC 8-K summary
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Issuer:     Industrial Logistics Properties Trust (ILPT)
CIK:        0001717307
Form:       8-K
Filed at:   2021-10-27T23:59:59+00:00
Accession:  0001717307-21-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ILPT Q3 2021: EPS $0.28, Normalized FFO $0.46; 818K sf leased at 20.5% higher rents
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- Net income attributable to common shareholders of $18.3M ($0.28/diluted share); Normalized FFO $0.46/share.
- Same property cash basis NOI grew 3.4% YoY; portfolio occupancy held at 99.0%.
- Closed $100M acquisition of 3 Class A industrial buildings (1.3M sf) in Memphis, 100% leased, GAAP cap rate 4.7%.
- Leasing activity of 818K sf at weighted average rent 20.5% above prior rents; weighted average lease term 8.2 years.
- Cash and equivalents $44.1M; $396.0M available under revolving credit facility as of Sept 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717307/000171730721000036/0001717307-21-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717307/000171730721000036/ilpt-20211027.htm
  HTML page:      https://secwatch.observer/filing/0001717307-21-000036

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