---
schema_version: "secwatch.filing_event.v1"
accession: "0001717307-23-000011"
form_type: "8-K"
ticker: "ILPT"
cik: "0001717307"
company_name: "Industrial Logistics Properties Trust"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:09:55.454656+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001717307-23-000011
- form_type: 8-K
- ticker: ILPT
- cik: 0001717307
- company_name: Industrial Logistics Properties Trust
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717307/000171730723000011/0001717307-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717307/000171730723000011/ilpt-20230214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001717307-23-000011
- JSON: https://secwatch.observer/filing/0001717307-23-000011.json
- Plain text: https://secwatch.observer/filing/0001717307-23-000011.txt

## Key facts
- Earnings Releases
  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
  source text: Net loss attributable to common shareholders was $31.0 million, or $0.48 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717307/000171730723000011/0001717307-23-000011-index.htm

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