secwatch.observer — SEC 8-K summary
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Issuer:     Industrial Logistics Properties Trust (ILPT)
CIK:        0001717307
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0001717307-22-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ILPT Q2 net loss $2.20/sh on $100.7M impairment; Normalized FFO $0.43
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- Net loss attributable to common shareholders of $143.5M ($2.20/diluted share) includes $100.7M impairment on properties reclassified from held for sale.
- Normalized FFO attributable to common shareholders was $28.3M, or $0.43 per share, down 8.5% YoY from $0.47.
- Leased 3.9M square feet at weighted average rental rates 61.3% higher than prior rates for same space.
- Same property cash basis NOI increased 2.6% to $39.9M; occupancy was 98.9% (99.3% same property).
- Company cites unanticipated interest rate increases delaying long-term financing plan for Monmouth acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717307/000171730722000027/0001717307-22-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717307/000171730722000027/ilpt-20220726.htm
  HTML page:      https://secwatch.observer/filing/0001717307-22-000027

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