secwatch.observer — SEC 8-K summary
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Issuer:     Industrial Logistics Properties Trust (ILPT)
CIK:        0001717307
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001717307-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717307/000171730723000011/0001717307-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717307/000171730723000011/ilpt-20230214.htm
  HTML page:      https://secwatch.observer/filing/0001717307-23-000011

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