$ILPT
Industrial Logistics Properties Trust

2023 Q3 Form 10-Q Financial Statement

#000171730723000036 Filed on July 25, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $110.1M $108.0M
YoY Change 6.67% 0.77%
Cost Of Revenue $14.90M $15.10M
YoY Change 8.37% 13.75%
Gross Profit $95.20M $92.94M
YoY Change 6.41% -1.07%
Gross Profit Margin 86.47% 86.02%
Selling, General & Admin $7.700M $8.131M
YoY Change -15.48% -16.25%
% of Gross Profit 8.09% 8.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $43.00M $44.13M
YoY Change -10.12% 14.23%
% of Gross Profit 45.17% 47.49%
Operating Expenses $61.60M $61.56M
YoY Change -6.78% 3.53%
Operating Profit $33.60M $31.38M
YoY Change 43.69% -8.99%
Interest Expense $72.94M -$70.05M
YoY Change -18.72% -190.33%
% of Operating Profit 217.09% -223.2%
Other Income/Expense, Net
YoY Change
Pretax Income -$36.86M -$39.28M
YoY Change -57.75% -74.31%
Income Tax $51.00K $45.00K
% Of Pretax Income
Net Earnings -$26.11M -$25.83M
YoY Change -42.77% -82.01%
Net Earnings / Revenue -23.72% -23.91%
Basic Earnings Per Share -$0.40 -$0.40
Diluted Earnings Per Share -$0.40 -$0.40
COMMON SHARES
Basic Shares Outstanding 65.70M shares 65.57M shares
Diluted Shares Outstanding 65.49M shares 65.37M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $83.30M $71.70M
YoY Change 215.76% -75.44%
Cash & Equivalents $83.28M $71.70M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $113.7M $110.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $197.0M $182.3M
YoY Change 55.45% -52.28%
LONG-TERM ASSETS
Property, Plant & Equipment $4.771B $4.818B
YoY Change -3.32% -2.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $124.4M $129.1M
YoY Change -14.61% -10.18%
Other Assets $196.8M $175.9M
YoY Change 96.23% 21.27%
Total Long-Term Assets $5.437B $5.480B
YoY Change -2.78% -1.69%
TOTAL ASSETS
Total Short-Term Assets $197.0M $182.3M
Total Long-Term Assets $5.437B $5.480B
Total Assets $5.634B $5.662B
YoY Change -1.49% -4.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $81.20M $68.97M
YoY Change -0.62% -5.61%
Accrued Expenses $4.800M $4.943M
YoY Change -4.36% -3.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $91.90M $79.06M
YoY Change 0.74% -7.61%
LONG-TERM LIABILITIES
Long-Term Debt $4.304B $4.301B
YoY Change 1.42% -2.48%
Other Long-Term Liabilities $20.60M $20.45M
YoY Change -12.83% -17.4%
Total Long-Term Liabilities $4.324B $4.322B
YoY Change 1.34% -2.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $91.90M $79.06M
Total Long-Term Liabilities $4.324B $4.322B
Total Liabilities $4.416B $4.918B
YoY Change 1.33% 8.78%
SHAREHOLDERS EQUITY
Retained Earnings $40.44M $66.55M
YoY Change -72.72% -65.67%
Common Stock $1.016B $1.016B
YoY Change 0.16% 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $713.5M $744.3M
YoY Change
Total Liabilities & Shareholders Equity $5.634B $5.662B
YoY Change -1.49% -4.93%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$26.11M -$25.83M
YoY Change -42.77% -82.01%
Depreciation, Depletion And Amortization $43.00M $44.13M
YoY Change -10.12% 14.23%
Cash From Operating Activities $3.500M $9.464M
YoY Change 258.61% -61.04%
INVESTING ACTIVITIES
Capital Expenditures $6.300M $3.517M
YoY Change -283.35% -175.04%
Acquisitions
YoY Change
Other Investing Activities $20.40M $11.47M
YoY Change -154.29% -63.18%
Cash From Investing Activities $14.00M $7.952M
YoY Change -134.14% -69.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.400M 47.79M
YoY Change -98.0% -235.62%
NET CHANGE
Cash From Operating Activities 3.500M 9.464M
Cash From Investing Activities 14.00M 7.952M
Cash From Financing Activities -5.400M 47.79M
Net Change In Cash 12.10M 65.21M
YoY Change -103.9% 320.3%
FREE CASH FLOW
Cash From Operating Activities $3.500M $9.464M
Capital Expenditures $6.300M $3.517M
Free Cash Flow -$2.800M $5.947M
YoY Change -163.46% -79.48%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
65697959 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2022Q4 us-gaap Common Stock Shares Outstanding
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CY2022Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
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us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
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us-gaap Impairment Of Real Estate
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CY2022Q2 us-gaap Costs And Expenses
CostsAndExpenses
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us-gaap Costs And Expenses
CostsAndExpenses
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us-gaap Costs And Expenses
CostsAndExpenses
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CY2022Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
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us-gaap Investment Income Interest
InvestmentIncomeInterest
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us-gaap Investment Income Interest
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CY2023Q2 us-gaap Amortization Of Financing Costs And Discounts
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CY2022Q2 us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Amortization Of Financing Costs And Discounts
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CY2023Q2 us-gaap Interest Expense
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CY2022Q2 us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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CY2023Q2 ilpt Gain Loss On Sale Of Properties Including Other
GainLossOnSaleOfPropertiesIncludingOther
0 usd
CY2022Q2 ilpt Gain Loss On Sale Of Properties Including Other
GainLossOnSaleOfPropertiesIncludingOther
-10000 usd
ilpt Gain Loss On Sale Of Properties Including Other
GainLossOnSaleOfPropertiesIncludingOther
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ilpt Gain Loss On Sale Of Properties Including Other
GainLossOnSaleOfPropertiesIncludingOther
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CY2023Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2022Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Tax Expense Benefit
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CY2023Q2 us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest
2498000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 us-gaap Earnings Per Share Diluted
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CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
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CY2023Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
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CY2023Q1 us-gaap Stock Repurchased During Period Value
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CY2023Q1 us-gaap Dividends Common Stock Cash
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CY2023Q2 us-gaap Profit Loss
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CY2023Q2 us-gaap Dividends Common Stock Cash
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CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q1 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
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CY2022Q1 us-gaap Dividends Common Stock Cash
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Dividends Common Stock Cash
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
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us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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us-gaap Unrealized Gain Loss On Investments
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us-gaap Straight Line Rent
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us-gaap Straight Line Rent
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gain Loss On Sale Of Properties
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us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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ProceedsFromDerivativeInstrumentsInvestingActivities
24445000 usd
ilpt Proceeds From Derivative Instruments Investing Activities
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us-gaap Other Noncash Income Expense
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us-gaap Equity Method Investment Dividends Or Distributions
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us-gaap Equity Method Investment Dividends Or Distributions
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us-gaap Income Loss From Equity Method Investments
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us-gaap Increase Decrease In Leasing Receivables
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us-gaap Increase Decrease In Leasing Receivables
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us-gaap Increase Decrease In Deferred Leasing Fees
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us-gaap Increase Decrease In Deferred Leasing Fees
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
9030000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
301000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
672000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
329000 usd
us-gaap Increase Decrease In Due To Related Parties
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5217000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
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us-gaap Payments To Acquire Other Real Estate
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
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us-gaap Payments For Capital Improvements
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
24445000 usd
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
0 usd
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
243000 usd
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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us-gaap Proceeds From Issuance Of Secured Debt
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2100000000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
46607000 usd
us-gaap Repayments Of Secured Debt
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7161000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
185000000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1271000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
96260000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
1312000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
43167000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
587440000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
324000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
15000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
323432000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
71695000 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
138673000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
145078000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
210368000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
436944000 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, and assessment of impairment of real estate and related intangibles.
CY2023Q2 ilpt Number Of Real Estate Properties Owned
NumberOfRealEstatePropertiesOwned
413 property
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q2 ilpt Lessor Operating Lease Capital Expenses Incurred
LessorOperatingLeaseCapitalExpensesIncurred
7651000 usd
CY2022Q2 ilpt Lessor Operating Lease Capital Expenses Incurred
LessorOperatingLeaseCapitalExpensesIncurred
10080000 usd
ilpt Lessor Operating Lease Capital Expenses Incurred
LessorOperatingLeaseCapitalExpensesIncurred
12582000 usd
ilpt Lessor Operating Lease Capital Expenses Incurred
LessorOperatingLeaseCapitalExpensesIncurred
13845000 usd
ilpt Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
5832000 usd
CY2023Q2 ilpt Net Rentable Area New Tenant Improvements
NetRentableAreaNewTenantImprovements
3110000 sqft
CY2023Q2 ilpt Operating Leases Committed Expenditureson Leases Executedin Period Committedbut Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresonLeasesExecutedinPeriodCommittedbutUnspentTenantRelatedObligations
23876000 usd
CY2023Q2 ilpt Operating Leases Committed Expenditures Tenant Related Obligations Expected To Be Spent In The Next12 Months
OperatingLeasesCommittedExpendituresTenantRelatedObligationsExpectedToBeSpentInTheNext12Months
6481000 usd
CY2023Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
254000 usd
CY2023Q2 ilpt Number Of Properties Impaired
NumberOfPropertiesImpaired
1 property
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
2 property
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2743000 usd
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1610000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6704000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3337000 usd
CY2023Q2 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
990000 usd
CY2022Q2 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1322000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1980000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2642000 usd
CY2023Q2 us-gaap Straight Line Rent
StraightLineRent
3355000 usd
CY2022Q2 us-gaap Straight Line Rent
StraightLineRent
3220000 usd
us-gaap Straight Line Rent
StraightLineRent
7117000 usd
us-gaap Straight Line Rent
StraightLineRent
4376000 usd
CY2023Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
18291000 usd
CY2022Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
16828000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
39390000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
29407000 usd
CY2023Q2 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
3 property
ilpt Lessee Operating Lease Number Of Properties
LesseeOperatingLeaseNumberOfProperties
1 property
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4867000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4943000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5084000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5149000 usd
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
28000 usd
CY2022Q2 us-gaap Sublease Income
SubleaseIncome
91000 usd
us-gaap Sublease Income
SubleaseIncome
129000 usd
us-gaap Sublease Income
SubleaseIncome
179000 usd
CY2023Q2 ilpt Percentage Of Leased Rentable Square Footage
PercentageOfLeasedRentableSquareFootage
0.050
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4334755000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4290363000 usd
CY2023Q2 ilpt Aggregate Net Book Value Of Real Estate Properties Collateralized
AggregateNetBookValueOfRealEstatePropertiesCollateralized
4796873000 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
33479000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
45862000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
4301276000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
4244501000 usd
CY2023Q2 ilpt Debt Instrument Number Of Outstanding Mortgage Loans
DebtInstrumentNumberOfOutstandingMortgageLoans
4 mortgage
CY2023Q2 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
9073000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
8628000 usd
CY2023Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
254000 usd
CY2023Q2 ilpt Number Of Properties Impaired
NumberOfPropertiesImpaired
1 property
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
2 property
CY2022Q2 ilpt Number Of Trustees
NumberOfTrustees
7 trustee
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
3243000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
10070000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
656000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
656000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.02
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1312000 usd
CY2023Q2 dei Entity Number Of Employees
EntityNumberOfEmployees
0 employee
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
20025000 usd
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
16249000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
9153000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-8004000 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
-13006000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
917000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
12021000 usd

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