Earnings ·
Reports Q3 net loss of $0.46 per share and declares $0.10 quarterly distribution
ILPTIndustrial Logistics Properties Trust
Industrial Logistics Properties Trust reported a third-quarter net loss attributable to common shareholders of $30.2 million, or $0.46 per share, compared to a loss of $21.6 million in the prior year period. Normalized funds from operations (FFO) increased 42% year-over-year to $0.32 per share, driven by robust earnings growth and a portfolio capturing meaningful embedded rent upside. The company completed approximately 645,000 square feet of leasing activity at rents 162.7% above prior rates, marking the eighth consecutive quarter of double-digit rent increases. Consolidated occupancy rose to 98.3%, up 420 basis points year-over-year. Additionally, the company declared a quarterly cash distribution of $0.10 per common share, payable on or about November 12, 2026, to shareholders of record as of October 19, 2026. Industrial Logistics Properties Trust is a real estate investment trust focused on owning and leasing high-quality industrial and logistics properties.