---
schema_version: "secwatch.filing_event.v1"
accession: "0001717307-22-000038"
form_type: "8-K"
ticker: "ILPT"
cik: "0001717307"
company_name: "Industrial Logistics Properties Trust"
filed_at: "2022-10-25T23:59:59+00:00"
generated_at: "2026-06-23T01:21:31.463631+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ILPT Q3 net loss $0.70/sh on bridge loan charges; Normalized FFO $0.23, down 50% YoY

## Summary
- Net loss attributable to common shareholders of $45.6M ($0.70/diluted share) vs net income of $18.3M ($0.28) in Q3 2021.
- Normalized FFO per share $0.23, down 50% YoY from $0.46; includes $31.4M amortized bridge loan costs and $21.4M loss on debt extinguishment.
- $1.2B debt financing completed, fully repaying $1.4B bridge loan facility; loans mature Oct 2024 with three 1-yr extension options.
- Leased 1.685M sq ft at 77.5% higher rental rates; same property NOI down 0.3% (up 2.6% excluding $1.2M bad debt reserve).
- Occupancy 99.2%; acquired 226k sq ft property in Augusta, GA for $38M via 61% JV; terminated other committed MNR acquisition.

## SEC filing metadata
- accession: 0001717307-22-000038
- form_type: 8-K
- ticker: ILPT
- cik: 0001717307
- company_name: Industrial Logistics Properties Trust
- filed_at: 2022-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717307/000171730722000038/0001717307-22-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717307/000171730722000038/ilpt-20221025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001717307-22-000038
- JSON: https://secwatch.observer/filing/0001717307-22-000038.json
- Plain text: https://secwatch.observer/filing/0001717307-22-000038.txt

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