---
schema_version: "secwatch.filing_event.v1"
accession: "0001717307-22-000006"
form_type: "8-K"
ticker: "ILPT"
cik: "0001717307"
company_name: "Industrial Logistics Properties Trust"
filed_at: "2022-02-15T23:59:59+00:00"
generated_at: "2026-06-27T08:03:57.302931+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ILPT Q4 net income $0.97/share, Normalized FFO $0.49 (+6.5% YoY); announces $4B Monmouth acquisition

## Summary
- Net income $63.2M ($0.97/diluted); Normalized FFO $31.7M ($0.49/diluted), up 6.5% YoY.
- Same property cash basis NOI rose 4.5% to $38.8M; portfolio occupancy 99.2% at year-end.
- Leased 1.6M sq ft at 15.1% rent increases; Monmouth deal adds 126 properties for ~$4.0B.
- Sold six properties to JV for $205.8M, recognized $11.1M gain, used to cut credit line.
- Liquidity: $29.4M cash, $568M available on $750M revolver.

## SEC filing metadata
- accession: 0001717307-22-000006
- form_type: 8-K
- ticker: ILPT
- cik: 0001717307
- company_name: Industrial Logistics Properties Trust
- filed_at: 2022-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717307/000171730722000006/0001717307-22-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717307/000171730722000006/ilpt-20220215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001717307-22-000006
- JSON: https://secwatch.observer/filing/0001717307-22-000006.json
- Plain text: https://secwatch.observer/filing/0001717307-22-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.