$ILPT
Industrial Logistics Properties Trust

2021 Q4 Form 10-Q Financial Statement

#000171730721000039 Filed on October 27, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $56.50M $54.98M $65.11M
YoY Change -5.97% -15.56% 6.81%
Cost Of Revenue $7.781M $7.617M $9.040M
YoY Change -7.48% -15.74% 5.24%
Gross Profit $48.72M $47.36M $56.07M
YoY Change -5.74% -15.53% 7.07%
Gross Profit Margin 86.23% 86.15% 86.12%
Selling, General & Admin $4.006M $4.728M $5.180M
YoY Change -15.13% -8.73% 15.63%
% of Gross Profit 8.22% 9.98% 9.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.05M $12.31M $18.00M
YoY Change -10.64% -31.63% 5.26%
% of Gross Profit 26.78% 25.98% 32.1%
Operating Expenses $22.35M $21.84M $29.17M
YoY Change -10.44% -25.13% 8.6%
Operating Profit $26.37M $25.53M $26.90M
YoY Change -1.35% -5.11% 5.45%
Interest Expense -$9.157M $9.084M $12.89M
YoY Change -16.83% -29.5% -12.26%
% of Operating Profit -34.73% 35.59% 47.9%
Other Income/Expense, Net
YoY Change
Pretax Income $27.84M $17.38M $13.83M
YoY Change -29.86% 25.7% 26.83%
Income Tax $96.00K $72.00K $13.00K
% Of Pretax Income 0.34% 0.41% 0.09%
Net Earnings $63.21M $18.31M $14.09M
YoY Change 56.76% 29.94% 29.0%
Net Earnings / Revenue 111.88% 33.3% 21.64%
Basic Earnings Per Share $0.28 $0.22
Diluted Earnings Per Share $969.0K $0.28 $0.22
COMMON SHARES
Basic Shares Outstanding 65.40M shares 65.18M shares 65.11M shares
Diluted Shares Outstanding 65.23M shares 65.13M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.40M $44.09M $39.10M
YoY Change 28.93% 12.77% 67.81%
Cash & Equivalents $29.40M $44.09M $39.11M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $75.88M $74.22M $70.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $105.3M $118.3M $109.7M
YoY Change 10.81% 7.86% 29.52%
LONG-TERM ASSETS
Property, Plant & Equipment $1.581B $1.771B $2.230B
YoY Change -5.18% -20.57% 0.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $143.0M $63.26M $0.00
YoY Change 136.01% -100.0%
Other Assets $9.687M $7.501M $30.80M
YoY Change 58.8% -75.65% 224.21%
Total Long-Term Assets $1.803B $1.930B $2.389B
YoY Change -0.96% -19.23% 0.27%
TOTAL ASSETS
Total Short-Term Assets $105.3M $118.3M $109.7M
Total Long-Term Assets $1.803B $1.930B $2.389B
Total Assets $1.909B $2.048B $2.499B
YoY Change -0.38% -18.04% 1.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.28M $16.94M $19.20M
YoY Change 10.76% -11.76% -16.16%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $182.0M $354.0M $320.0M
YoY Change -17.65% 10.63%
Total Short-Term Liabilities $203.6M $381.2M $349.0M
YoY Change -16.74% 9.23% 977.16%
LONG-TERM LIABILITIES
Long-Term Debt $646.1M $646.0M $1.049B
YoY Change 0.08% -38.39% -25.09%
Other Long-Term Liabilities $20.83M $24.86M $24.10M
YoY Change -7.01% 3.15% -20.2%
Total Long-Term Liabilities $667.0M $670.8M $1.073B
YoY Change -0.16% -37.46% -24.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $203.6M $381.2M $349.0M
Total Long-Term Liabilities $667.0M $670.8M $1.073B
Total Liabilities $870.5M $1.052B $1.422B
YoY Change -4.61% -25.99% -2.78%
SHAREHOLDERS EQUITY
Retained Earnings $343.9M $280.7M $183.9M
YoY Change 53.38% 52.63% 40.95%
Common Stock $1.013B $1.012B $1.011B
YoY Change 0.14% 0.17% 1.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.038B $996.0M $983.7M
YoY Change
Total Liabilities & Shareholders Equity $1.909B $2.048B $2.499B
YoY Change -0.38% -18.04% 1.27%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $63.21M $18.31M $14.09M
YoY Change 56.76% 29.94% 29.0%
Depreciation, Depletion And Amortization $13.05M $12.31M $18.00M
YoY Change -10.64% -31.63% 5.26%
Cash From Operating Activities $21.73M $26.31M $30.00M
YoY Change 0.14% -12.29% 21.46%
INVESTING ACTIVITIES
Capital Expenditures -$2.538M -$1.022M -$1.400M
YoY Change 81.29% -27.0% -70.21%
Acquisitions
YoY Change
Other Investing Activities $160.5M -$99.44M $0.00
YoY Change 121.08% -100.0%
Cash From Investing Activities $158.0M -$100.5M -$1.400M
YoY Change 121.55% 7076.07% -96.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -194.4M 87.73M -23.60M
YoY Change 59.21% -471.75% -216.26%
NET CHANGE
Cash From Operating Activities 21.73M 26.31M 30.00M
Cash From Investing Activities 158.0M -100.5M -1.400M
Cash From Financing Activities -194.4M 87.73M -23.60M
Net Change In Cash -14.70M 13.58M 5.000M
YoY Change -49.5% 171.62% -38.27%
FREE CASH FLOW
Cash From Operating Activities $21.73M $26.31M $30.00M
Capital Expenditures -$2.538M -$1.022M -$1.400M
Free Cash Flow $24.27M $27.34M $31.40M
YoY Change 5.06% -12.95% 6.8%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001717307
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Local Phone Number
LocalPhoneNumber
219-1460
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Transition Report
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dei Entity File Number
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dei Entity Registrant Name
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INDUSTRIAL LOGISTICS PROPERTIES TRUST
dei Entity Incorporation State Country Code
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MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
82-2809631
dei Entity Address Address Line1
EntityAddressAddressLine1
Two Newton Place,
dei Entity Address Address Line2
EntityAddressAddressLine2
255 Washington Street,
dei Entity Address Address Line3
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Suite 300
dei Entity Address City Or Town
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Newton
dei Entity Address State Or Province
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MA
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dei Security12b Title
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Common Shares of Beneficial Interest
dei Trading Symbol
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ILPT
dei Security Exchange Name
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DividendsCommonStockCash
21549000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
999076000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
18307000 USD
CY2021Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
917000 USD
CY2021Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
713000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
4000 USD
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21554000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
996029000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
995690000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
12694000 USD
CY2020Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
326000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
18000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21510000 USD
CY2020Q1 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
107640000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1094822000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
14557000 USD
CY2020Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
654000 USD
CY2020Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
13000 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21511000 USD
CY2020Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1898000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1086611000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
13814000 USD
CY2020Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
676000 USD
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
351000 USD
CY2020Q3 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
580 shares
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
3000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
3000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
3000 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21519000 USD
CY2020Q3 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
302000 USD
CY2020Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2107000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1077423000 USD
us-gaap Profit Loss
ProfitLoss
56475000 USD
us-gaap Profit Loss
ProfitLoss
41065000 USD
us-gaap Depreciation
Depreciation
23500000 USD
us-gaap Depreciation
Depreciation
34307000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1516000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1893000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12567000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19458000 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
620000 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
952000 USD
us-gaap Straight Line Rent
StraightLineRent
5673000 USD
us-gaap Straight Line Rent
StraightLineRent
6183000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
940000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
120000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1932000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1652000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1980000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5455000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-960000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
1984000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
2758000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
514000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-2665000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-1504000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5596000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2413000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
1657000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
3865000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4012000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1210000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
393000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
71000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
1065000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
589000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
88920000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
92932000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
134730000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
71628000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
2373000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
4495000 USD
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
1206000 USD
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
0 USD
us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
804000 USD
us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
287000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-135093000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-75836000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
246000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
180000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
113000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
170000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
48750000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
64653000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
64540000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
107942000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
4005000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
915000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
382000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
67432000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
265000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21259000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17361000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22834000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34550000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44093000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51911000 USD
us-gaap Interest Paid Net
InterestPaidNet
24708000 USD
us-gaap Interest Paid Net
InterestPaidNet
39125000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
386000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
199000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
799000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
741000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
44093000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39105000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12806000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44093000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51911000 USD
us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect reported amounts. Actual results could differ from those estimates. Significant estimates in the condensed consolidated financial statements include purchase price allocations, useful lives of fixed assets, impairments of real estate and related intangibles.
CY2021Q3 ilpt Numberof Real Estate Properties Owned
NumberofRealEstatePropertiesOwned
294 property
CY2021Q3 us-gaap Net Rentable Area
NetRentableArea
36488000 sqft
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
ilpt Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
7074000 USD
CY2021Q3 ilpt Net Rentable Area New Tenant Improvements
NetRentableAreaNewTenantImprovements
2002000 sqft
CY2021Q3 ilpt Operating Leases Committed Expenditureson Leases Executedin Period Committedbut Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresonLeasesExecutedinPeriodCommittedbutUnspentTenantRelatedObligations
2315000 USD
CY2020Q4 us-gaap Environmental Exit Costs Assets Previously Disposed Liability For Remediation
EnvironmentalExitCostsAssetsPreviouslyDisposedLiabilityForRemediation
6940000 USD
CY2021Q3 us-gaap Environmental Exit Costs Assets Previously Disposed Liability For Remediation
EnvironmentalExitCostsAssetsPreviouslyDisposedLiabilityForRemediation
6940000 USD
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
998000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5455000 USD
CY2021Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
9478000 USD
CY2020Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
11943000 USD
CY2021Q3 ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
9233000 USD
CY2020Q3 ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
11698000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
28733000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
35103000 USD
ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
27998000 USD
ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
34368000 USD
CY2021Q3 us-gaap Straight Line Rent
StraightLineRent
1678000 USD
CY2020Q3 us-gaap Straight Line Rent
StraightLineRent
2120000 USD
us-gaap Straight Line Rent
StraightLineRent
5673000 USD
us-gaap Straight Line Rent
StraightLineRent
6183000 USD
CY2021Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
68426000 USD
CY2020Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
62753000 USD
CY2021Q3 ilpt Unusualor Infrequent Itemor Both Deferred Rent Assistance Repayment Terms Numberof Monthly Payments
UnusualorInfrequentItemorBothDeferredRentAssistanceRepaymentTermsNumberofMonthlyPayments
12 installmentPayment
ilpt Unusualor Infrequent Itemor Both Rent Assistance Period Increase Decreaseto Accounts Receivable
UnusualorInfrequentItemorBothRentAssistancePeriodIncreaseDecreasetoAccountsReceivable
1168000 USD
CY2020 ilpt Unusualor Infrequent Itemor Both Rent Assistance Period Increase Decreaseto Accounts Receivable
UnusualorInfrequentItemorBothRentAssistancePeriodIncreaseDecreasetoAccountsReceivable
2630000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1004000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
871000000 USD
CY2021Q3 ilpt Aggregate Net Book Value Of Real Estate Properties Collateralized
AggregateNetBookValueOfRealEstatePropertiesCollateralized
491119000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
4013000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
4421000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
999987000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
866579000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
120000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21550000 USD
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21549000 USD
CY2021Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21554000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.99
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
64653000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
18307000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
14089000 USD
us-gaap Net Income Loss
NetIncomeLoss
56475000 USD
us-gaap Net Income Loss
NetIncomeLoss
41756000 USD
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
43000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
24000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
140000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
70000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18264000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14065000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56335000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
41686000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65178000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65112000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65154000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65092000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
52000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
17000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
51000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
9000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65230000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65129000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65205000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65101000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2021Q3 dei Entity Number Of Employees
EntityNumberOfEmployees
0 employee
CY2020Q3 ilpt Related Party Transaction Business Management Fees
RelatedPartyTransactionBusinessManagementFees
347000 USD
ilpt Related Party Transaction Business Management Fees
RelatedPartyTransactionBusinessManagementFees
823000 USD
CY2020 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 USD

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