2021 Form 10-K Financial Statement

#000171730722000008 Filed on February 15, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $219.9M $60.08M $254.6M
YoY Change -13.64% -3.41% 11.08%
Cost Of Revenue $30.13M $8.410M $35.20M
YoY Change -14.39% -3.56% 15.79%
Gross Profit $189.7M $51.68M $219.4M
YoY Change -13.52% -3.37% 10.31%
Gross Profit Margin 86.29% 86.02% 86.17%
Selling, General & Admin $16.72M $4.720M $19.60M
YoY Change -14.67% 16.26% 13.95%
% of Gross Profit 8.81% 9.13% 8.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.46M $14.60M $43.82M
YoY Change -25.93% -16.09% 14.78%
% of Gross Profit 17.11% 28.25% 19.97%
Operating Expenses $86.00M $24.95M $110.8M
YoY Change -22.38% -8.74% 14.58%
Operating Profit $103.7M $26.73M $108.6M
YoY Change -4.48% 2.26% 6.26%
Interest Expense $35.63M -$11.01M $51.62M
YoY Change -30.98% -23.96% 1.52%
% of Operating Profit 34.34% -41.19% 47.53%
Other Income/Expense, Net
YoY Change
Pretax Income $79.04M $39.69M $80.95M
YoY Change -2.37% 240.1% 55.67%
Income Tax $273.0K $80.00K $277.0K
% Of Pretax Income 0.35% 0.2% 0.34%
Net Earnings $119.7M $40.32M $82.07M
YoY Change 45.83% 245.38% 56.33%
Net Earnings / Revenue 54.43% 67.11% 32.24%
Basic Earnings Per Share $1.83 $1.26
Diluted Earnings Per Share $1.83 $618.9K $1.26
COMMON SHARES
Basic Shares Outstanding 65.17M shares 65.30M shares 65.10M shares
Diluted Shares Outstanding 65.21M shares 65.11M shares

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.40M $22.80M $22.80M
YoY Change 28.93% -19.72% -19.72%
Cash & Equivalents $29.40M $22.83M $22.80M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $75.88M $69.50M $69.50M
Other Receivables $0.00 $2.700M $2.700M
Total Short-Term Assets $105.3M $95.00M $95.00M
YoY Change 10.81% 2.48% 2.48%
LONG-TERM ASSETS
Property, Plant & Equipment $1.581B $1.668B $1.668B
YoY Change -5.18% -24.35% -24.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $143.0M $60.60M $60.60M
YoY Change 136.01% 20100.0% 20100.0%
Other Assets $9.687M $6.100M $6.100M
YoY Change 58.8% -61.15% -61.15%
Total Long-Term Assets $1.803B $1.821B $1.821B
YoY Change -0.96% -22.92% -22.92%
TOTAL ASSETS
Total Short-Term Assets $105.3M $95.00M $95.00M
Total Long-Term Assets $1.803B $1.821B $1.821B
Total Assets $1.909B $1.916B $1.916B
YoY Change -0.37% -21.96% -21.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.28M $14.70M $14.70M
YoY Change 10.76% -10.91% -10.91%
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 $221.0M $221.0M
YoY Change -17.65% 352.87%
Total Short-Term Liabilities $203.6M $244.5M $244.5M
YoY Change -16.74% 851.36% 228.19%
LONG-TERM LIABILITIES
Long-Term Debt $646.1M $645.6M $645.6M
YoY Change 0.08% -54.1% -52.46%
Other Long-Term Liabilities $20.83M $22.40M $22.40M
YoY Change -7.01% -17.04% -17.04%
Total Long-Term Liabilities $667.0M $668.0M $668.0M
YoY Change -0.16% -53.4% -51.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $203.6M $244.5M $244.5M
Total Long-Term Liabilities $667.0M $668.0M $668.0M
Total Liabilities $870.5M $912.6M $912.6M
YoY Change -4.61% -37.46% -37.46%
SHAREHOLDERS EQUITY
Retained Earnings $224.2M
YoY Change 57.73%
Common Stock $1.011B
YoY Change 1.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.038B $1.003B $1.003B
YoY Change
Total Liabilities & Shareholders Equity $1.909B $1.916B $1.916B
YoY Change -0.37% -21.96% -21.96%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income $119.7M $40.32M $82.07M
YoY Change 45.83% 245.38% 56.33%
Depreciation, Depletion And Amortization $32.46M $14.60M $43.82M
YoY Change -25.93% -16.09% 14.78%
Cash From Operating Activities $110.7M $21.70M $114.6M
YoY Change -3.42% -19.93% -1.49%
INVESTING ACTIVITIES
Capital Expenditures -$4.911M -$1.400M -$5.900M
YoY Change -16.76% -85.11% -65.7%
Acquisitions
YoY Change
Other Investing Activities $27.79M $72.60M $1.300M
YoY Change 2037.38% 785.37% -100.15%
Cash From Investing Activities $22.88M $71.30M -$4.522M
YoY Change -605.86% -6041.67% -99.49%
FINANCING ACTIVITIES
Cash Dividend Paid $86.24M $86.09M
YoY Change 0.17%
Common Stock Issuance & Retirement, Net $922.0K $382.0K
YoY Change 141.36% 50.99%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$127.0M -122.1M -$121.8M
YoY Change 4.27% 725.0% -115.18%
NET CHANGE
Cash From Operating Activities $110.7M 21.70M $114.6M
Cash From Investing Activities $22.88M 71.30M -$4.522M
Cash From Financing Activities -$127.0M -122.1M -$121.8M
Net Change In Cash $6.563M -29.10M -$11.72M
YoY Change -156.02% -362.16% -146.97%
FREE CASH FLOW
Cash From Operating Activities $110.7M $21.70M $114.6M
Capital Expenditures -$4.911M -$1.400M -$5.900M
Free Cash Flow $115.6M $23.10M $120.5M
YoY Change -4.07% -36.71% -9.76%

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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-4000 USD
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
86236000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1038042000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
119682000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
81205000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
52498000 USD
CY2021 us-gaap Depreciation
Depreciation
32457000 USD
CY2020 us-gaap Depreciation
Depreciation
43821000 USD
CY2019 us-gaap Depreciation
Depreciation
38177000 USD
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2022000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2481000 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2017000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16656000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24573000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21465000 USD
CY2021 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
938000 USD
CY2020 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
1357000 USD
CY2019 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
1113000 USD
CY2021 us-gaap Straight Line Rent
StraightLineRent
7263000 USD
CY2020 us-gaap Straight Line Rent
StraightLineRent
9041000 USD
CY2019 us-gaap Straight Line Rent
StraightLineRent
4345000 USD
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
120000 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
12054000 USD
CY2020 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
23996000 USD
CY2019 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2021 us-gaap Other Noncash Expense
OtherNoncashExpense
2328000 USD
CY2020 us-gaap Other Noncash Expense
OtherNoncashExpense
2331000 USD
CY2019 us-gaap Other Noncash Expense
OtherNoncashExpense
1109000 USD
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2640000 USD
CY2020 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
CY2019 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
40918000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
529000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
666000 USD
CY2021 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-54000 USD
CY2020 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
2907000 USD
CY2019 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
1497000 USD
CY2021 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
4694000 USD
CY2020 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
2443000 USD
CY2019 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
1457000 USD
CY2021 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-2665000 USD
CY2020 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
3871000 USD
CY2019 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
114000 USD
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3434000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1068000 USD
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
594000 USD
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
2525000 USD
CY2020 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
2613000 USD
CY2019 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
3095000 USD
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
583000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
279000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3438000 USD
CY2021 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-3443000 USD
CY2020 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
12000 USD
CY2019 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
550000 USD
CY2021 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-94000 USD
CY2020 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-133000 USD
CY2019 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
845000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
110650000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
114564000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
116300000 USD
CY2021 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
134730000 USD
CY2020 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
115813000 USD
CY2019 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
884570000 USD
CY2021 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
4911000 USD
CY2020 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
5857000 USD
CY2019 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
17157000 USD
CY2021 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
160506000 USD
CY2020 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
0 USD
CY2019 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
0 USD
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
1206000 USD
CY2020 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
10578000 USD
CY2019 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
CY2021 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
804000 USD
CY2020 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
106283000 USD
CY2019 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
0 USD
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
287000 USD
CY2019 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
8334000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
22875000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4522000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-893393000 USD
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
CY2020 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
CY2019 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1000000000 USD
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
301000000 USD
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
234000000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
744000000 USD
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
340000000 USD
CY2020 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
323000000 USD
CY2019 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
847000000 USD
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
CY2020 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
48750000 USD
CY2019 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
804000 USD
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
8775000 USD
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2020 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
107942000 USD
CY2019 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
5479000 USD
CY2019 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
86236000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
86089000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
85937000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
922000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
382000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
253000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-126962000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-121758000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
802035000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6563000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11716000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24942000 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
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9608000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29397000 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
CY2021 us-gaap Interest Paid Net
InterestPaidNet
33278000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
50433000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
46072000 USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
485000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
209000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
164000 USD
CY2021 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 USD
CY2020 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 USD
CY2019 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
187000 USD
CY2021 ilpt Noncash Or Part Noncash Divestiture Decrease In Assets From Deconsolidation
NoncashOrPartNoncashDivestitureDecreaseInAssetsFromDeconsolidation
0 USD
CY2020 ilpt Noncash Or Part Noncash Divestiture Decrease In Assets From Deconsolidation
NoncashOrPartNoncashDivestitureDecreaseInAssetsFromDeconsolidation
631879000 USD
CY2019 ilpt Noncash Or Part Noncash Divestiture Decrease In Assets From Deconsolidation
NoncashOrPartNoncashDivestitureDecreaseInAssetsFromDeconsolidation
0 USD
CY2021 ilpt Noncash Or Part Noncash Divestiture Decrease In Mortgage Notes Payable
NoncashOrPartNoncashDivestitureDecreaseInMortgageNotesPayable
0 USD
CY2020 ilpt Noncash Or Part Noncash Divestiture Decrease In Mortgage Notes Payable
NoncashOrPartNoncashDivestitureDecreaseInMortgageNotesPayable
403160000 USD
CY2019 ilpt Noncash Or Part Noncash Divestiture Decrease In Mortgage Notes Payable
NoncashOrPartNoncashDivestitureDecreaseInMortgageNotesPayable
0 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
0 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
0 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
56980000 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
56980000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29397000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22834000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28415000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6135000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29397000 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
CY2021Q4 ilpt Numberof Real Estate Properties Owned
NumberofRealEstatePropertiesOwned
288 property
CY2021Q4 ilpt Numberof Real Estate Properties Owned
NumberofRealEstatePropertiesOwned
288 property
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
63441000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
83644000 USD
CY2021Q4 ilpt Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
33674000 USD
CY2020Q4 ilpt Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
33927000 USD
CY2021Q4 ilpt Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
21239000 USD
CY2020Q4 ilpt Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
19297000 USD
CY2021Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
12435000 USD
CY2020Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
14630000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12236000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10891000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7036000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4570000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
4052000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
12221000 USD
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2020 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2020Q4 us-gaap Environmental Costs Recognized Capitalized
EnvironmentalCostsRecognizedCapitalized
6940000 USD
CY2021Q4 us-gaap Environmental Costs Recognized Capitalized
EnvironmentalCostsRecognizedCapitalized
6940000 USD
CY2021 us-gaap Property Plant And Equipment Preproduction Design And Development Costs
PropertyPlantAndEquipmentPreproductionDesignAndDevelopmentCosts
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Capitalization Policy. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Costs directly related to the development of properties are capitalized. We capitalize development costs, including interest, real estate taxes, insurance, and other project costs, incurred during the period of development. Determinations of when a development project commences and capitalization begins, and when a development project is substantially complete and held available for occupancy and capitalization must cease, involve judgments. We begin the capitalization of costs during the pre-construction period, which we consider to begin when activities that are necessary to the development of the property commence. We consider a development project as substantially completed and held available for occupancy upon the completion of tenant improvements, but no later than one year from cessation of major construction activity.</span>
CY2021Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
12918000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
8116000 USD
CY2021Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
4035000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
3521000 USD
CY2021 ilpt Deferred Costs Leasing Future Amortization Expense Year One
DeferredCostsLeasingFutureAmortizationExpenseYearOne
1222000 USD
CY2021 ilpt Deferred Costs Leasing Future Amortization Expense Year Two
DeferredCostsLeasingFutureAmortizationExpenseYearTwo
1017000 USD
CY2021 ilpt Deferred Costs Leasing Future Amortization Expense Year Three
DeferredCostsLeasingFutureAmortizationExpenseYearThree
953000 USD
CY2021 ilpt Deferred Costs Leasing Future Amortization Expense Year Four
DeferredCostsLeasingFutureAmortizationExpenseYearFour
885000 USD
CY2021 ilpt Deferred Costs Leasing Future Amortization Expense Year Five
DeferredCostsLeasingFutureAmortizationExpenseYearFive
786000 USD
CY2021 ilpt Deferred Costs Leasing Future Amortization Expense After Year Five
DeferredCostsLeasingFutureAmortizationExpenseAfterYearFive
4020000 USD
CY2021Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Gross
DebtIssuanceCostsLineOfCreditArrangementsGross
6711000 USD
CY2020Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Gross
DebtIssuanceCostsLineOfCreditArrangementsGross
5907000 USD
CY2021Q4 us-gaap Accumulated Amortization Of Debt Issuance Costs Line Of Credit Arrangements
AccumulatedAmortizationOfDebtIssuanceCostsLineOfCreditArrangements
5907000 USD
CY2020Q4 us-gaap Accumulated Amortization Of Debt Issuance Costs Line Of Credit Arrangements
AccumulatedAmortizationOfDebtIssuanceCostsLineOfCreditArrangements
4430000 USD
CY2021Q4 ilpt Future Amortization Expense Deferred Issuance Costs Next Twelve Months
FutureAmortizationExpenseDeferredIssuanceCostsNextTwelveMonths
1351000 USD
CY2021Q4 ilpt Future Amortization Expense Deferred Issuance Costs Year Two
FutureAmortizationExpenseDeferredIssuanceCostsYearTwo
547000 USD
CY2021Q4 ilpt Future Amortization Expense Deferred Issuance Costs Year Three
FutureAmortizationExpenseDeferredIssuanceCostsYearThree
547000 USD
CY2021Q4 ilpt Future Amortization Expense Deferred Issuance Costs Year Four
FutureAmortizationExpenseDeferredIssuanceCostsYearFour
547000 USD
CY2021Q4 ilpt Future Amortization Expense Deferred Issuance Costs Year Five
FutureAmortizationExpenseDeferredIssuanceCostsYearFive
547000 USD
CY2021Q4 ilpt Future Amortization Expense Deferred Issuance Costsafter Year Five
FutureAmortizationExpenseDeferredIssuanceCostsafterYearFive
1141000 USD
CY2021 us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
406980000 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates. Preparation of these financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires us to make estimates and assumptions that may affect the amounts reported in these consolidated financial statements and related notes.
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021Q4 ilpt Numberof Real Estate Properties Owned
NumberofRealEstatePropertiesOwned
288 property
CY2021Q4 us-gaap Net Rentable Area
NetRentableArea
33991000 sqft
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021 ilpt Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
10544000 USD
CY2021Q4 ilpt Net Rentable Area New Tenant Improvements
NetRentableAreaNewTenantImprovements
3103000 sqft
CY2021Q4 ilpt Operating Leases Committed Expenditureson Leases Executedin Period Committedbut Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresonLeasesExecutedinPeriodCommittedbutUnspentTenantRelatedObligations
2224000 USD
CY2021Q4 ilpt Operating Leases Committed Expenditures Tenant Related Obligations Expected To Be Spent In The Next12 Months
OperatingLeasesCommittedExpendituresTenantRelatedObligationsExpectedToBeSpentInTheNext12Months
1671000 USD
CY2021Q4 ilpt Controlling Interest Equity Ownership Percentage
ControllingInterestEquityOwnershipPercentage
0.78
CY2021 us-gaap Straight Line Rent
StraightLineRent
7263000 USD
CY2020 us-gaap Straight Line Rent
StraightLineRent
9041000 USD
CY2019 us-gaap Straight Line Rent
StraightLineRent
4345000 USD
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
38732000 USD
CY2020 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
45858000 USD
CY2019 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
40898000 USD
CY2021 ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
37379000 USD
CY2020 ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
44878000 USD
CY2019 ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
38755000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
168063000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
158620000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
144767000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
132238000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
126105000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1031288000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1761081000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
832000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
871000000 USD
CY2021Q4 ilpt Aggregate Net Book Value Of Real Estate Properties Collateralized
AggregateNetBookValueOfRealEstatePropertiesCollateralized
491235000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
3876000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
4421000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
828124000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
866579000 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
120000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
182000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
650000000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
832000000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
162200 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
22.37
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
108200 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
22.08
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
43280 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
23.33
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
139800 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
25.93
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
139100 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.01
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
119200 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
21.32
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
108920 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
23.78
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
84520 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
21.41
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
52880 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
20.78
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
700 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
22.24
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
580 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
22.20
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
1400 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
22.39
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
192380 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
24.15
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
162200 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
22.37
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
108200 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
22.08
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
192380 shares
CY2021Q4 ilpt Share Based Compensation Arrangement By Share Based Payment Award Nonvested Shares Scheduled To Vest In Year One
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedSharesScheduledToVestInYearOne
66520 shares
CY2021Q4 ilpt Share Based Compensation Arrangement By Share Based Payment Award Nonvested Shares Scheduled To Vest In Year Two
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedSharesScheduledToVestInYearTwo
59320 shares
CY2021Q4 ilpt Share Based Compensation Arrangement By Share Based Payment Award Nonvested Shares Scheduled To Vest In Year Three
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedSharesScheduledToVestInYearThree
42780 shares
CY2021Q4 ilpt Share Based Compensation Arrangement By Share Based Payment Award Nonvested Shares Scheduled To Vest In Year Four
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedSharesScheduledToVestInYearFour
23760 shares
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
4188000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P22M
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2329000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2331000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1109000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3595408 shares
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.32
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
86236000 USD
CY2021 ilpt Common Stock Dividends Returnof Capital Distribution Percentage
CommonStockDividendsReturnofCapitalDistributionPercentage
0
CY2021 ilpt Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
0.932
CY2021 ilpt Common Stock Dividends Capital Gains Distribution Percentage
CommonStockDividendsCapitalGainsDistributionPercentage
0.068
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.32
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
86089000 USD
CY2020 ilpt Common Stock Dividends Returnof Capital Distribution Percentage
CommonStockDividendsReturnofCapitalDistributionPercentage
0
CY2020 ilpt Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
0.710
CY2020 ilpt Common Stock Dividends Capital Gains Distribution Percentage
CommonStockDividendsCapitalGainsDistributionPercentage
0.290
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.32
CY2019 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
85937000 USD
CY2019 ilpt Common Stock Dividends Returnof Capital Distribution Percentage
CommonStockDividendsReturnofCapitalDistributionPercentage
0.218
CY2019 ilpt Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
0.782
CY2019 ilpt Common Stock Dividends Capital Gains Distribution Percentage
CommonStockDividendsCapitalGainsDistributionPercentage
0
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
42000 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
10000 shares
CY2021 us-gaap Net Income Loss
NetIncomeLoss
119682000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
82071000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
52498000 USD
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
307000 USD
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
154000 USD
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
48000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
119375000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
81917000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
52450000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65169000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65104000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65049000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65211000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65114000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65055000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.83
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.26
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2021Q4 dei Entity Number Of Employees
EntityNumberOfEmployees
0 employee
CY2020 ilpt Equity Market Capitalization
EquityMarketCapitalization
1560000000 USD
CY2021Q4 us-gaap Share Price
SharePrice
24.00
CY2021 ilpt Adjusted Benchmark Return Qualification For Management Fee Reduction Minimum
AdjustedBenchmarkReturnQualificationForManagementFeeReductionMinimum
0.0200
CY2021 ilpt Adjusted Benchmark Return Qualification For Management Fee Reduction Maximum
AdjustedBenchmarkReturnQualificationForManagementFeeReductionMaximum
0.0500
CY2021 ilpt Adjusted Benchmark Return Qualification For Management Fee Reduction Maximum
AdjustedBenchmarkReturnQualificationForManagementFeeReductionMaximum
0.0500
CY2021 ilpt Related Party Transaction Business Management Fees
RelatedPartyTransactionBusinessManagementFees
10562000 USD
CY2020 ilpt Related Party Transaction Business Management Fees
RelatedPartyTransactionBusinessManagementFees
12983000 USD
CY2019 ilpt Related Party Transaction Business Management Fees
RelatedPartyTransactionBusinessManagementFees
11897000 USD
CY2020 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 USD
CY2019 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 USD
CY2021 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 USD
CY2021 ilpt Termremainingpriortoterminationusedincalculationofterminationfee
Termremainingpriortoterminationusedincalculationofterminationfee
P10Y
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
698386000 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
998243000 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
52204000 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
699037000 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
1049796000 USD
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1748833000 USD
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
167490000 USD
CY2021 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
3876000 USD
CY2021Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
1843824000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1462396000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
93291000 USD
CY2019 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
873568000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
38177000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2335964000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
131468000 USD
CY2020 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
109020000 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
43821000 USD
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
635914000 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
33883000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1809070000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
141406000 USD
CY2021 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
129724000 USD
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
32389000 USD
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
189961000 USD
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
6305000 USD
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1748833000 USD
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
167490000 USD

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