Highest-materiality recent filing
ILPT Mountain JV closes $1.62B loan at 5.71% fixed, repays $1.6B existing debt
Mountain JV subsidiaries obtained a $1.62 billion mortgage loan from Wells Fargo, Citi, Morgan Stanley, Bank of America, BMO, UBS.
ILPT incurs $5.7M incentive management fee for 2025 on outperformance vs industrial REIT index
Incentive management fee of $5.7M for 2025 calendar year under Business Management Agreement with The RMR Group LLC.
ILPT pro forma net loss widens to $237.9M for 9M 2022 after MNR acquisition
Pro forma net loss attributable to common shareholders of $237.9M vs historical $195.7M; diluted loss per share $3.65 vs $3.00.
ILPT reports Q4 net loss $0.48 per share; Normalized FFO $0.08, down 83% YoY
Net loss attributable to common shareholders of $31.0M ($0.48/diluted) vs Q4 2021 net income of $63.2M ($0.97).
ILPT Q3 net loss $0.70/sh on bridge loan charges; Normalized FFO $0.23, down 50% YoY
Net loss attributable to common shareholders of $45.6M ($0.70/diluted share) vs net income of $18.3M ($0.28) in Q3 2021.
ILPT secures $1.235B mortgage loan on 104 properties; appoints Brian Donley CFO
Subsidiaries entered $1.235B mortgage & mezzanine loan secured by 104 properties; matures Oct 2024 with three one-year extensions.
ILPT Q2 net loss $2.20/sh on $100.7M impairment; Normalized FFO $0.43
Net loss attributable to common shareholders of $143.5M ($2.20/diluted share) includes $100.7M impairment on properties reclassified from held for sale.
ILPT: John G. Murray resigns as Managing Trustee; Matthew P. Jordan elected
John G. Murray resigned as Managing Trustee effective after the June 1, 2022 annual meeting.
ILPT Q1 net loss $0.10/sh; Normalized FFO $0.42; same property NOI +3.1%
Net loss attributable to common shareholders $6.5M ($0.10 per share) vs prior year net income of $0.30 per share.
ILPT closes MNR acquisition for $3.734B; pro forma net loss $41.4M
Total purchase price estimated at $3.734 billion, including $323M mortgage debt assumption and $885M debt repaid.
CEO John G. Murray resigns effective March 31; Yael Duffy named President
John G. Murray resigns as President and CEO effective March 31, 2022, to become CEO of Sonesta International Hotels Corporation.
ILPT completes $21.00/share acquisition of Monmouth REIT, obtains $3.485B in new debt
Merger: MNR common holders received $21.00/share; preferred $25.00 plus accrued dividends.
ILPT Q4 net income $0.97/share, Normalized FFO $0.49 (+6.5% YoY); announces $4B Monmouth acquisition
Net income $63.2M ($0.97/diluted); Normalized FFO $31.7M ($0.49/diluted), up 6.5% YoY.
ILPT to acquire Monmouth REIT for $21.00/share in all-cash transaction
Common stockholders receive $21.00/share cash; preferred stockholders $25.00/share plus accrued dividends.
ILPT to acquire Monmouth REIT for $4.0B all-cash; adds 126 industrial properties
ILPT will acquire Monmouth (MNR) for $21.00 per share in cash, valuing the deal at ~$4.0B including debt assumption.
ILPT Q3 2021: EPS $0.28, Normalized FFO $0.46; 818K sf leased at 20.5% higher rents
Net income attributable to common shareholders of $18.3M ($0.28/diluted share); Normalized FFO $0.46/share.
ILPT Q2 net income $0.29/shr; Normalized FFO $0.47/shr; occupancy 99%
Net income $0.29/diluted share; Normalized FFO $0.47/diluted share (flat YoY).
the Company’s Board of Trustees (the “Board”) increased its size from seven to eight members and elected Elena B. Poptodorova as an Independent Trustee with a term to expire at the Company’s 2027 annual meeting of shareholders to fill the vacancy created thereby.
On September 26, 2023, our Board of Trustees, or the Board, appointed Tiffany R. Sy as our Chief Financial Officer and Treasurer, effective October 1, 2023.
Ms. Sy will replace Brian E. Donley, who has resigned as our Chief Financial Officer and Treasurer, effective September 30, 2023.
Mr. Siedel has resigned as our Chief Financial Officer and Treasurer, effective September 30, 2022.
On September 21, 2022, our Board of Trustees appointed Brian E. Donley as our Chief Financial Officer and Treasurer, effective October 1, 2022.
On June 1, 2022, John G. Murray resigned as one of our Managing Trustees, effective following the conclusion of the Company’s annual meeting of shareholders held on the same day (the “Annual Meeting”).
Also on June 1, 2022, our Board of Trustees (our “Board”), pursuant to a recommendation of the Nominating and Governance Committee of our Board, elected Matthew P. Jordan as a Managing Trustee of our Board to fill the vacancy caused by the resignation of John G. Murray and to serve the remainder of Mr. Murray’s term as Managing Trustee.
our Board elected June S. Youngs as an Independent Trustee of our Board with a term to expire at the Company’s 2023 annual meeting to fill the vacancy created by the increase in size of our Board to seven Trustees.
On March 10, 2022, John G. Murray resigned as our President and Chief Executive Officer, effective March 31, 2022, in order to become President and Chief Executive Officer of Sonesta International Hotels Corporation.
On that same date, our Board of Trustees appointed Yael Duffy, currently our Vice President and Chief Operating Officer, as our President, effective April 1, 2022, in addition to continuing in her current office of Chief Operating Officer.
Max materiality 0.90 · Median 0.50 · Most common event earnings