$ILPT
Industrial Logistics Properties Trust

2022 Q3 Form 10-Q Financial Statement

#000171730722000029 Filed on July 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $103.2M $107.2M $56.50M
YoY Change 87.73% 97.9% -5.97%
Cost Of Revenue $13.75M $13.28M $7.781M
YoY Change 80.5% 77.26% -7.48%
Gross Profit $89.47M $93.95M $48.72M
YoY Change 88.89% 101.21% -5.74%
Gross Profit Margin 86.68% 87.62% 86.23%
Selling, General & Admin $9.110M $9.709M $4.006M
YoY Change 92.68% 129.31% -15.13%
% of Gross Profit 10.18% 10.33% 8.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.84M $38.64M $13.05M
YoY Change 288.74% 237.15% -10.64%
% of Gross Profit 53.48% 41.13% 26.78%
Operating Expenses $66.08M $59.46M $22.35M
YoY Change 202.59% 191.4% -10.44%
Operating Profit $23.38M $34.49M $26.37M
YoY Change -8.39% 31.2% -1.35%
Interest Expense $89.74M $77.55M -$9.157M
YoY Change 887.88% 797.23% -16.83%
% of Operating Profit 383.76% 224.87% -34.73%
Other Income/Expense, Net
YoY Change
Pretax Income -$87.24M -$152.9M $27.84M
YoY Change -601.94% -999.66% -29.86%
Income Tax $28.00K $16.00K $96.00K
% Of Pretax Income 0.34%
Net Earnings -$45.63M -$143.5M $63.21M
YoY Change -349.23% -862.25% 56.76%
Net Earnings / Revenue -44.21% -133.87% 111.88%
Basic Earnings Per Share -$0.70 -$2.20
Diluted Earnings Per Share -$0.70 -$2.20 $969.0K
COMMON SHARES
Basic Shares Outstanding 65.43M shares 65.22M shares 65.40M shares
Diluted Shares Outstanding 65.25M shares 65.22M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.38M $291.9M $29.40M
YoY Change -40.17% 856.56% 28.93%
Cash & Equivalents $26.38M $291.9M $29.40M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $100.3M $90.19M $75.88M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $126.7M $382.1M $105.3M
YoY Change 7.11% 270.86% 10.81%
LONG-TERM ASSETS
Property, Plant & Equipment $4.934B $4.920B $1.581B
YoY Change 178.58% 192.08% -5.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $145.7M $143.7M $143.0M
YoY Change 130.31% 128.4% 136.01%
Other Assets $100.3M $145.1M $9.687M
YoY Change 1237.0% 2241.86% 58.8%
Total Long-Term Assets $5.593B $5.574B $1.803B
YoY Change 189.82% 204.3% -0.96%
TOTAL ASSETS
Total Short-Term Assets $126.7M $382.1M $105.3M
Total Long-Term Assets $5.593B $5.574B $1.803B
Total Assets $5.720B $5.956B $1.909B
YoY Change 179.27% 207.85% -0.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $81.71M $73.07M $16.28M
YoY Change 382.28% 404.86% 10.76%
Accrued Expenses $5.019M $5.106M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $182.0M
YoY Change -17.65%
Total Short-Term Liabilities $91.22M $85.58M $203.6M
YoY Change -76.07% -67.98% -16.74%
LONG-TERM LIABILITIES
Long-Term Debt $4.243B $4.411B $646.1M
YoY Change 556.87% 582.91% 0.08%
Other Long-Term Liabilities $23.63M $24.76M $20.83M
YoY Change -4.94% 10.23% -7.01%
Total Long-Term Liabilities $4.267B $4.435B $667.0M
YoY Change 536.05% 563.66% -0.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $91.22M $85.58M $203.6M
Total Long-Term Liabilities $4.267B $4.435B $667.0M
Total Liabilities $4.358B $4.521B $870.5M
YoY Change 314.24% 383.2% -4.61%
SHAREHOLDERS EQUITY
Retained Earnings $148.2M $193.9M $343.9M
YoY Change -47.19% -26.12% 53.38%
Common Stock $1.014B $1.014B $1.013B
YoY Change 0.19% 0.18% 0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $812.4M $853.6M $1.038B
YoY Change
Total Liabilities & Shareholders Equity $5.720B $5.956B $1.909B
YoY Change 179.27% 207.85% -0.38%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$45.63M -$143.5M $63.21M
YoY Change -349.23% -862.25% 56.76%
Depreciation, Depletion And Amortization $47.84M $38.64M $13.05M
YoY Change 288.74% 237.15% -10.64%
Cash From Operating Activities $976.0K $24.29M $21.73M
YoY Change -96.29% -26.18% 0.14%
INVESTING ACTIVITIES
Capital Expenditures -$3.436M -$4.687M -$2.538M
YoY Change 236.2% 750.64% 81.29%
Acquisitions
YoY Change
Other Investing Activities -$37.58M $31.15M $160.5M
YoY Change -62.21% -193.61% 121.08%
Cash From Investing Activities -$41.01M $26.46M $158.0M
YoY Change -59.18% -178.23% 121.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -270.2M -35.24M -194.4M
YoY Change -408.02% -765.03% 59.21%
NET CHANGE
Cash From Operating Activities 976.0K 24.29M 21.73M
Cash From Investing Activities -41.01M 26.46M 158.0M
Cash From Financing Activities -270.2M -35.24M -194.4M
Net Change In Cash -310.3M 15.51M -14.70M
YoY Change -2384.63% 254.39% -49.5%
FREE CASH FLOW
Cash From Operating Activities $976.0K $24.29M $21.73M
Capital Expenditures -$3.436M -$4.687M -$2.538M
Free Cash Flow $4.412M $28.98M $24.27M
YoY Change -83.86% -13.39% 5.06%

Facts In Submission

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INDUSTRIAL LOGISTICS PROPERTIES TRUST
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CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
0 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
10070000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
0 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest
774000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest
0 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest
2498000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest
0 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3664000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
7572000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65217000 shares
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-139875000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65142000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65221000 shares
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18831000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-142481000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
38168000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65221000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65146000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65207000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65217000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65192000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.20
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.20
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1038042000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-9787000 usd
CY2022Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
407000 usd
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
2000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5632000 usd
CY2022Q1 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
591268000 usd
CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
21584000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1603969000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-151321000 usd
CY2022Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
800000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
4000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4438000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1365000 usd
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21583000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1434934000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1003190000 usd
CY2021Q1 us-gaap Profit Loss
ProfitLoss
19337000 usd
CY2021Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
239000 usd
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
21550000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1001216000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
18831000 usd
CY2021Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
780000 usd
CY2021Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
202000 usd
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
21549000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
999076000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-161108000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
38168000 usd
us-gaap Depreciation
Depreciation
43375000 usd
us-gaap Depreciation
Depreciation
15257000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
100747000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
54769000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1011000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17477000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8503000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
735000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
402000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-5758000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
0 usd
us-gaap Straight Line Rent
StraightLineRent
4376000 usd
us-gaap Straight Line Rent
StraightLineRent
3995000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-828000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2156000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1019000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2642000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1320000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3337000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4457000 usd
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
9933000 usd
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-999000 usd
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
4565000 usd
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
1205000 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
0 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-2665000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4695000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1624000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
25539000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
153000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
9030000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1137000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
672000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
221000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
5217000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-215000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
80931000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
62607000 usd
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
3551509000 usd
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
34081000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
5305000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1351000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
140792000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
0 usd
us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
804000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3416022000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-34628000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
2100000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1385158000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
36000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
185000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
13000000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
7161000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
96260000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
43167000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
43099000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
587440000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
202000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1365000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3742638000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20301000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
407547000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7678000 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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
436944000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30512000 usd
us-gaap Interest Paid Net
InterestPaidNet
55065000 usd
us-gaap Interest Paid Net
InterestPaidNet
16184000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
195000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
167000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
15000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
323432000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4055000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
174000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
323432000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
291866000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30512000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
145078000 usd
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
436944000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30512000 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.
CY2022Q2 ilpt Numberof Real Estate Properties Owned
NumberofRealEstatePropertiesOwned
412 property
CY2022Q2 us-gaap Net Rentable Area
NetRentableArea
59736000 sqft
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-5758000 usd
ilpt Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
10742000 usd
CY2022Q2 ilpt Net Rentable Area New Tenant Improvements
NetRentableAreaNewTenantImprovements
4757000 sqft
CY2022Q2 ilpt Operating Leases Committed Expenditureson Leases Executedin Period Committedbut Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresonLeasesExecutedinPeriodCommittedbutUnspentTenantRelatedObligations
27998000 usd
CY2021Q4 us-gaap Environmental Exit Costs Assets Previously Disposed Liability For Remediation
EnvironmentalExitCostsAssetsPreviouslyDisposedLiabilityForRemediation
6940000 usd
CY2022Q2 us-gaap Environmental Exit Costs Assets Previously Disposed Liability For Remediation
EnvironmentalExitCostsAssetsPreviouslyDisposedLiabilityForRemediation
6940000 usd
CY2022Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
16828000 usd
CY2021Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
9383000 usd
CY2022Q2 ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
16583000 usd
CY2021Q2 ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
9138000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
29407000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
19255000 usd
ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
28917000 usd
ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
18765000 usd
CY2022Q2 us-gaap Straight Line Rent
StraightLineRent
3220000 usd
CY2021Q2 us-gaap Straight Line Rent
StraightLineRent
1951000 usd
us-gaap Straight Line Rent
StraightLineRent
4376000 usd
us-gaap Straight Line Rent
StraightLineRent
3995000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5053000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5106000 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4451429000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
832000000 usd
CY2022Q2 ilpt Aggregate Net Book Value Of Real Estate Properties Collateralized
AggregateNetBookValueOfRealEstatePropertiesCollateralized
4934529000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
40861000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
3876000 usd
CY2022Q2 ilpt Number Of Joint Venture Agreements
NumberOfJointVentureAgreements
2 agreement
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
4410568000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
828124000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-828000 usd
us-gaap Net Income Loss
NetIncomeLoss
-150053000 usd
us-gaap Net Income Loss
NetIncomeLoss
38168000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21584000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21583000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.66
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
43167000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-143539000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
18831000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
63000 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
47000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
126000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
95000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-143602000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18784000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-150179000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
38073000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65221000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65146000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65217000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65142000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
61000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
50000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65221000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65207000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65217000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65192000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.20
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.20
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2022Q2 dei Entity Number Of Employees
EntityNumberOfEmployees
0 employee
CY2021 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 usd
CY2022Q2 ilpt Numberof Management Service Agreements
NumberofManagementServiceAgreements
2 agreement
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
3778000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
9153000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
660000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
917000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
4438000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
10070000 usd

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