NASDAQ$ILPT
Industrial Logistics Properties Trust · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported net income attributable to common shareholders of $0.30 per share and Normalized FFO attributable to common shareholders of $0.47 per share.
Industrial Logistics Properties Trust announced financial results for the quarter ended March 31, 2021, featuring growth in Normalized FFO and strong leasing activity. Occupancy increased to 98.6%, and the company entered new and renewal leases for approximately 620,000 square feet with weighted average rental rates 16% higher than prior rates.
- Net income attributable to common shareholders was $19.3 million, or $0.30 per diluted share.
- Normalized funds from operations (Normalized FFO) attributable to common shareholders was $30.7 million, or $0.47 per diluted share.
- Occupancy increased to 98.6%.
- The company agreed to purchase a newly built 358,000 square foot Class A industrial building in Columbus, Ohio.
Headline financials
Revenue & EPS history
ILPT · Revenue · Quarterly
$54.2M
Forward guidance
ILPT may not achieve similar or better results in the future, and these results may worsen. ILPT may not continue to realize progress on its goal and it may not achieve it. Further, any new or renewed leases it may enter may not be on terms as favorable to ILPT as those of the expiring leases.
Tailwinds
- ILPT has a pipeline of attractive investment opportunities.
- ILPT has capacity to fund growth with more than $550 million of liquidity.
- ILPT has moderate leverage.
- ILPT's dividend remains well covered.
- ILPT may be successful in entering into agreements to acquire or to complete any acquisitions for those investment opportunities.
Headwinds
- ILPT's business is subject to various risks.
- Leasing activity and occupancy depend on various factors, including the timing for when existing leases expire, leasing demand for ILPT’s properties, ILPT’s ability to successfully compete for tenants and other economic and market conditions, including pandemics.
- ILPT may not continue to realize progress on this goal and it may not achieve it.
- Any new or renewed leases it may enter may not be on terms as favorable to ILPT as those of the expiring leases.
- ILPT may increase its leverage in the future and, if its operating results deteriorate, or if ILPT applies its available cash for other uses that do not generate expected or favorable returns, the coverage of its dividend may decline.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
-0.4%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-2.7%
Avg return
30 days after
45%
15 / 33 earnings
Positive
+10.7%
Q1 2024
Best reaction
-9.3%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | -0.8% | — | |
| Q4 2025 | +4.0% | +4.7% | +4.0% | |
| Q3 2025 | -9.3% | -7.6% | -4.5% | |
| Q1 2025 | +0.0% | +9.5% | +25.6% | |
| Q4 2024 | -2.5% | -2.5% | -13.4% | |
| Q3 2024 | -7.6% | -13.2% | -2.3% | |
| Q2 2024 | +2.4% | -1.4% | -2.0% | |
| Q1 2024 | +10.7% | +19.4% | +5.5% | |
| Q4 2023 | +0.0% | -2.0% | +2.0% | |
| Q3 2023 | +5.5% | +3.8% | +28.0% | |
| Q2 2023 | -7.1% | -4.4% | +1.5% | |
| Q1 2023 | +5.0% | +3.0% | -11.0% | |
| Q4 2022 | +9.7% | +13.1% | -26.0% | |
| Q3 2022 | -5.5% | -5.1% | -21.6% | |
| Q2 2022 | -0.5% | +3.7% | -14.3% | |
| Q1 2022 | -9.1% | -17.4% | -23.6% | |
| Q4 2021 | +3.8% | +3.5% | +2.2% | |
| Q3 2021 | +1.1% | +0.5% | -22.1% | |
| Q2 2021 | +0.7% | -0.1% | +1.6% | |
| Q1 2021 | -1.1% | +1.3% | +2.6% | |
| Q4 2020 | -3.7% | -4.4% | +2.9% | |
| Q3 2020 | -3.2% | -2.7% | +9.3% | |
| Q2 2020 | +1.8% | +2.4% | +4.3% | |
| Q1 2020 | -3.1% | -4.6% | +3.6% | |
| Q4 2019 | -3.0% | -12.2% | -32.8% | |
| Q3 2019 | -3.5% | -1.8% | -1.3% | |
| Q2 2019 | +2.9% | +3.5% | +2.6% | |
| Q1 2019 | +1.2% | +4.1% | -3.3% | |
| Q4 2018 | +2.5% | +1.1% | -5.7% | |
| Q3 2018 | +0.5% | -2.7% | -1.6% | |
| Q2 2018 | -2.1% | -1.2% | +2.5% | |
| Q1 2018 | +0.4% | +0.0% | +4.0% | |
| Q4 2017 | -2.5% | -3.9% | -1.6% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — |
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