secwatch.observer — SEC 8-K summary
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Issuer:     Industrial Logistics Properties Trust (ILPT)
CIK:        0001717307
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001717307-22-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ILPT Q1 net loss $0.10/sh; Normalized FFO $0.42; same property NOI +3.1%
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- Net loss attributable to common shareholders $6.5M ($0.10 per share) vs prior year net income of $0.30 per share.
- Normalized FFO attributable to common shareholders $27.6M ($0.42 per share) vs $0.47 in prior year.
- Same property cash basis NOI increased 3.1% to $39.1M; portfolio occupancy 98.9%, same property 99.3%.
- Completed ~$3.8B acquisition of Monmouth Real Estate in Feb 2022; formed JV selling 39% stake for ~$587M.
- Leasing activity 885k sf at 27.9% higher rents; weighted avg lease term 8.9 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717307/000171730722000016/0001717307-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717307/000171730722000016/ilpt-20220426.htm
  HTML page:      https://secwatch.observer/filing/0001717307-22-000016

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