ILPT reports Q4 net loss $0.48 per share; Normalized FFO $0.08, down 83% YoY

Industrial Logistics Properties Trust

2022-FY EPS reported -$3.47

Net loss attributable to common shareholders of $31.0M ($0.48/diluted) vs Q4 2021 net income of $63.2M ($0.97).
Normalized FFO attributable to common shareholders of $5.4M ($0.08/diluted) down 82.8% from $31.7M ($0.49).
Same property NOI up 1.4% and Cash Basis NOI up 0.3% (ex-reserve adjustment: +2.3% and +1.3%).
Leased 1.4M sq ft at 18.7% higher rents in Q4; full-year leasing 7.8M sq ft at 47.3% higher rents.
Portfolio 99.1% leased; management cites no near-term debt maturities and plans to reduce leverage.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Industrial Logistics Properties Trust reported the quarter ended December 31, 2022 results: net income Net loss attributable to common shareholders was $31.0 million, or $0.48 per diluted share, EPS $(0.48) per diluted share.

Period: the quarter ended December 31, 2022
Net income: Net loss attributable to common shareholders was $31.0 million, or $0.48 per diluted share
EPS: $(0.48) per diluted share
Result: reported results

Exact text from the filing

Net loss attributable to common shareholders was $31.0 million, or $0.48 per diluted share.

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Source: SEC EDGAR

accession 0001717307-23-000011

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