Trade Industrial Logistics Properties Trust - ILPT CFD

Industrial Logistics Properties Company profile

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust is a real estate investment trust (REIT). The Company owns and leases distribution and logistics properties throughout the United States that serve the needs of e-commerce. It owns approximately 288 properties containing 34 million rentable square feet in 31 states, which are leased to approximately 259 different tenants. The 288 properties consisted of 226 buildings, leasable land parcels and easements containing approximately 16.7 million rentable square feet that are primarily industrial lands located on the island of Oahu, and 62 properties containing approximately 17.3 million rentable square feet that are industrial and logistics properties located in 30 other states. The Company operates in one business segment: ownership and leasing of properties that include industrial and logistics buildings and leased industrial lands. The Company is managed by The RMR Group, an alternative asset management company.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Industrial Logistics Properties Trust revenues decreased 14% to $219.9M. Net income applicable to common stockholders increased 46% to $119.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Net Operating Income (NOI) - Hawaii Prop increase of 4% to $82.4M.