2023 Q2 Form 10-Q Financial Statement

#000171730723000024 Filed on April 25, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $108.0M $110.3M $71.38M
YoY Change 0.77% 54.48% 31.64%
Cost Of Revenue $15.10M $16.47M $9.436M
YoY Change 13.75% 74.51% 30.15%
Gross Profit $92.94M $93.79M $61.94M
YoY Change -1.07% 51.42% 31.87%
Gross Profit Margin 86.02% 85.07% 86.78%
Selling, General & Admin $8.131M $7.907M $6.077M
YoY Change -16.25% 30.11% 61.62%
% of Gross Profit 8.75% 8.43% 9.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.13M $31.22M $14.99M
YoY Change 14.23% 108.27% 96.82%
% of Gross Profit 47.49% 33.29% 24.2%
Operating Expenses $61.56M $62.68M $35.73M
YoY Change 3.53% 75.45% 66.87%
Operating Profit $31.38M $31.11M $26.21M
YoY Change -8.99% 18.68% 2.55%
Interest Expense -$70.05M $70.77M $41.00M
YoY Change -190.33% 72.62% 369.04%
% of Operating Profit -223.2% 227.49% 156.41%
Other Income/Expense, Net
YoY Change
Pretax Income -$39.28M -$39.49M -$11.45M
YoY Change -74.31% 245.04% -168.05%
Income Tax $45.00K $17.00K $69.00K
% Of Pretax Income
Net Earnings -$25.83M -$24.81M -$6.514M
YoY Change -82.01% 280.86% -133.69%
Net Earnings / Revenue -23.91% -22.5% -9.13%
Basic Earnings Per Share -$0.40 -$0.38 -$0.10
Diluted Earnings Per Share -$0.40 -$0.38 -$0.10
COMMON SHARES
Basic Shares Outstanding 65.57M shares 65.57M shares 65.21M shares
Diluted Shares Outstanding 65.37M shares 65.31M shares 65.21M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $71.70M $61.25M $275.1M
YoY Change -75.44% -77.73% 953.93%
Cash & Equivalents $71.70M $61.25M $275.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $110.6M $111.0M $77.44M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $182.3M $172.3M $352.5M
YoY Change -52.28% -51.13% 260.08%
LONG-TERM ASSETS
Property, Plant & Equipment $4.818B $4.879B $4.373B
YoY Change -2.09% 11.55% 163.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $129.1M $127.3M $143.4M
YoY Change -10.18% -11.22% 129.48%
Other Assets $175.9M $83.91M $878.3M
YoY Change 21.27% -90.45% 13841.56%
Total Long-Term Assets $5.480B $5.463B $5.751B
YoY Change -1.69% -5.02% 217.55%
TOTAL ASSETS
Total Short-Term Assets $182.3M $172.3M $352.5M
Total Long-Term Assets $5.480B $5.463B $5.751B
Total Assets $5.662B $5.635B $6.104B
YoY Change -4.93% -7.68% 219.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.97M $70.89M $63.67M
YoY Change -5.61% 11.34% 333.14%
Accrued Expenses $4.943M $5.046M $5.192M
YoY Change -3.19% -2.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $79.06M $81.71M $74.94M
YoY Change -7.61% 9.04% 218.89%
LONG-TERM LIABILITIES
Long-Term Debt $4.301B $4.246B $4.388B
YoY Change -2.48% -3.25% 408.68%
Other Long-Term Liabilities $20.45M $21.44M $36.46M
YoY Change -17.4% -41.2% 68.79%
Total Long-Term Liabilities $4.322B $4.267B $4.425B
YoY Change -2.56% -3.57% 400.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $79.06M $81.71M $74.94M
Total Long-Term Liabilities $4.322B $4.267B $4.425B
Total Liabilities $4.918B $4.349B $4.500B
YoY Change 8.78% -3.36% 395.68%
SHAREHOLDERS EQUITY
Retained Earnings $66.55M $92.38M $337.4M
YoY Change -65.67% -72.62% 38.52%
Common Stock $1.016B $1.015B $1.013B
YoY Change 0.17% 0.19% 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $744.3M $758.6M $1.014B
YoY Change
Total Liabilities & Shareholders Equity $5.662B $5.635B $6.104B
YoY Change -4.93% -7.68% 219.73%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$25.83M -$24.81M -$6.514M
YoY Change -82.01% 280.86% -133.69%
Depreciation, Depletion And Amortization $44.13M $31.22M $14.99M
YoY Change 14.23% 108.27% 96.82%
Cash From Operating Activities $9.464M $1.167M $56.64M
YoY Change -61.04% -97.94% 91.01%
INVESTING ACTIVITIES
Capital Expenditures $3.517M $3.784M -$618.0K
YoY Change -175.04% -712.3% -22.75%
Acquisitions
YoY Change
Other Investing Activities $11.47M $13.22M -$3.442B
YoY Change -63.18% -100.38%
Cash From Investing Activities $7.952M $9.435M -$3.442B
YoY Change -69.95% -100.27% 436209.89%
FINANCING ACTIVITIES
Cash Dividend Paid $656.0K $21.58M
YoY Change -96.96% 0.16%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 47.79M -$6.223M $3.778B
YoY Change -235.62% -100.16% -14886.22%
NET CHANGE
Cash From Operating Activities 9.464M $1.167M $56.64M
Cash From Investing Activities 7.952M $9.435M -$3.442B
Cash From Financing Activities 47.79M -$6.223M $3.778B
Net Change In Cash 65.21M $4.379M $392.0M
YoY Change 320.3% -98.88% 11733.14%
FREE CASH FLOW
Cash From Operating Activities $9.464M $1.167M $56.64M
Capital Expenditures $3.517M $3.784M -$618.0K
Free Cash Flow $5.947M -$2.617M $57.26M
YoY Change -79.48% -104.57% 88.02%

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CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-35546000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-9787000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
31224000 usd
CY2022Q1 us-gaap Depreciation
Depreciation
14992000 usd
CY2023Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
6713000 usd
CY2022Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
20320000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13414000 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7223000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
559000 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
361000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
0 usd
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
2460000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 usd
CY2022Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
1232000 usd
CY2023Q1 us-gaap Straight Line Rent
StraightLineRent
3762000 usd
CY2022Q1 us-gaap Straight Line Rent
StraightLineRent
1156000 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-828000 usd
CY2023Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-974000 usd
CY2022Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 usd
CY2023Q1 ilpt Proceeds From Derivative Instruments Investing Activities
ProceedsFromDerivativeInstrumentsInvestingActivities
12976000 usd
CY2022Q1 ilpt Proceeds From Derivative Instruments Investing Activities
ProceedsFromDerivativeInstrumentsInvestingActivities
0 usd
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-6532000 usd
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-696000 usd
CY2023Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
990000 usd
CY2022Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1320000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3961000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1727000 usd
CY2023Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
242000 usd
CY2022Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
1309000 usd
CY2023Q1 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
2401000 usd
CY2022Q1 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
3226000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5048000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
15018000 usd
CY2023Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
366000 usd
CY2022Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
22502000 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3357000 usd
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
19646000 usd
CY2023Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
24000 usd
CY2022Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
729000 usd
CY2023Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
950000 usd
CY2022Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
3937000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1167000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
56639000 usd
CY2023Q1 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
0 usd
CY2022Q1 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
3557602000 usd
CY2023Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
3784000 usd
CY2022Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
618000 usd
CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 usd
CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
115735000 usd
CY2023Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
12976000 usd
CY2022Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
0 usd
CY2023Q1 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
243000 usd
CY2022Q1 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9435000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3442485000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
2100000000 usd
CY2023Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
5530000 usd
CY2022Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1782000 usd
CY2023Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
CY2022Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1385158000 usd
CY2023Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2022Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3000000 usd
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2022Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
185000000 usd
CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
34000 usd
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
89354000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
656000 usd
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
21584000 usd
CY2023Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2022Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
587440000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3000 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6223000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3777878000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4379000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
392032000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140780000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29397000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
145159000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
421429000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
68600000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
13021000 usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
57000 usd
CY2023Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
142000 usd
CY2022Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
3000 usd
CY2023Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
0 usd
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
323432000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2092000 usd
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
821000 usd
CY2023Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 usd
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
323432000 usd
CY2023Q1 ilpt Increase In Deferred Financing Fees
IncreaseInDeferredFinancingFees
0 usd
CY2022Q1 ilpt Increase In Deferred Financing Fees
IncreaseInDeferredFinancingFees
-14537000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
61250000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
275075000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
83909000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
146354000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
145159000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
421429000 usd
CY2023Q1 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, and assessment of impairment of real estate and related intangibles.
CY2023Q1 ilpt Number Of Real Estate Properties Owned
NumberOfRealEstatePropertiesOwned
413 property
CY2023Q1 us-gaap Net Rentable Area
NetRentableArea
59983000 sqft
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q1 ilpt Lessor Operating Lease Capital Expenses Incurred
LessorOperatingLeaseCapitalExpensesIncurred
4931000 usd
CY2022Q1 ilpt Lessor Operating Lease Capital Expenses Incurred
LessorOperatingLeaseCapitalExpensesIncurred
3765000 usd
CY2023Q1 ilpt Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
1937000 usd
CY2023Q1 ilpt Net Rentable Area New Tenant Improvements
NetRentableAreaNewTenantImprovements
1143000 sqft
CY2023Q1 ilpt Operating Leases Committed Expenditureson Leases Executedin Period Committedbut Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresonLeasesExecutedinPeriodCommittedbutUnspentTenantRelatedObligations
25054000 usd
CY2023Q1 ilpt Operating Leases Committed Expenditures Tenant Related Obligations Expected To Be Spent In The Next12 Months
OperatingLeasesCommittedExpendituresTenantRelatedObligationsExpectedToBeSpentInTheNext12Months
8365000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4284833000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3961000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1727000 usd
CY2023Q1 us-gaap Straight Line Rent
StraightLineRent
3762000 usd
CY2022Q1 us-gaap Straight Line Rent
StraightLineRent
1156000 usd
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
21099000 usd
CY2022Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
12380000 usd
CY2023Q1 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
3 property
CY2023Q1 ilpt Lessee Operating Lease Number Of Properties
LesseeOperatingLeaseNumberOfProperties
1 property
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4976000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5046000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5084000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5149000 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
101000 usd
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
87000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4290363000 usd
CY2023Q1 ilpt Aggregate Net Book Value Of Real Estate Properties Collateralized
AggregateNetBookValueOfRealEstatePropertiesCollateralized
4825885000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
39182000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
45862000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
4245651000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
4244501000 usd
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
100747000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
656000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-24809000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-6514000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-3000 usd
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-24806000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6514000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65309000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65212000 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65309000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65212000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.38
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.38
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2023Q1 dei Entity Number Of Employees
EntityNumberOfEmployees
0 employee
CY2023Q1 ilpt Related Party Transaction Business Management Fees
RelatedPartyTransactionBusinessManagementFees
5726000 usd
CY2022Q1 ilpt Related Party Transaction Business Management Fees
RelatedPartyTransactionBusinessManagementFees
4399000 usd
CY2022Q1 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 usd
CY2023Q1 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 usd
CY2022 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 usd
CY2023Q1 ilpt Number Of Joint Venture Agreements
NumberOfJointVentureAgreements
2 agreement
CY2023Q1 ilpt Number Of Joint Venture Agreements
NumberOfJointVentureAgreements
2 agreement
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-3776000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
5375000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-5002000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
257000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-8778000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
5632000 usd

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