secwatch.observer — SEC 8-K summary
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Issuer:     Industrial Logistics Properties Trust (ILPT)
CIK:        0001717307
Form:       8-K
Filed at:   2022-02-15T23:59:59+00:00
Accession:  0001717307-22-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717307/000171730722000006/0001717307-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717307/000171730722000006/ilpt-20220215.htm
  HTML page:      https://secwatch.observer/filing/0001717307-22-000006

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