Industrial Logistics Properties Trust (ILPT) Form 10-Q — Oct 28, 2026
Industrial Logistics Properties Trust reported Q3 2026 rental income of $116.8 million, up 5.3% year over year, with occupancy improving to 98.3% from 94.1% a year earlier. Normalized FFO per share rose to $0.32 from $0.23 in Q3 2025. The trust still posted a Q3 net loss of $37.8 million ($0.46 per share), driven by a $19.0 million fair-value loss on its unconsolidated joint venture and heavy interest expense on $4.22 billion of mortgage debt. Interest expense fell 3.6% after the consolidated JV refinanced its floating-rate loan with a $1.62 billion fixed-rate loan at 5.71% due 2031, leaving the company with no floating-rate debt.
Key figures
- Revenue
- 116805
- Total Debt
- 4185844
- Total Assets
- 5085641
- Cash Position
- 130657
- Shares Outstanding
- 66982830
- Occupancy pct
- 98.3
- Bad debt reserve 9m
- 3765
- Portfolio properties
- 409
- Fedex pct annualized rents
- 27.7
- Weighted avg interest rate
- 5.48%
- Amazon pct annualized rents
- 7.4
- Hawaii pct annualized rents
- 28.6
- Normalized FFO per share 9m 2026
- 0.9
- Normalized FFO per share q3 2025
- 0.23
- Normalized FFO per share q3 2026
- 0.32
- Q3 declared distribution per share
- 0.1
AI analysis
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