Industrial Logistics Properties Trust (ILPT) Form 8-K — Oct 28, 2026
Industrial Logistics Properties Trust reported Q3 2026 results with Normalized FFO of $0.32 per share, up 42.4% year over year, aided by its May 2026 refinancing that left 100% of debt fixed-rate and a 420 basis point occupancy gain to 98.3%. However, the quarter still showed a net loss of $30.2 million ($0.46 per share), driven by a $19.0 million equity loss in its unconsolidated joint venture, and Normalized FFO per share of $0.32 came in below the prior guidance midpoint of $0.35 (partly due to a recast to include $1.9 million of incentive management fees).
Key figures
- Revenue
- 116805000
- Guidance
- Q4 2026 Normalized FFO per diluted share of $0.33-$0.35; full year 2026 Normalized FFO per diluted share of $1.23-$1.25; full year NOI $363.0M-$364.0M
- Total Debt
- 4221000000
- Revenue Yoy
- 5.3% (rental income $116.8M vs $110.9M in Q3 2025)
- Total Assets
- 5085641000
- Cash Position
- 130657000
- Occupancy
- 98.3% (up 420 bps YoY)
- Gaap rent rollup
- 162.7%
- Leasing volume sqft
- 645000
- Same property cash noi
- 86499000
- Normalized ffo per share
- 0.32
- Normalized ffo yoy growth
- 42.4%
- Quarterly distribution per share
- 0.1
- Net debt to annualized adjusted ebitda
- 11.6x
AI analysis
Red flags5 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.