NASDAQ$ILPT
Industrial Logistics Properties Trust · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Announced first quarter 2022 results, reporting a net loss attributable to common shareholders of $(0.10) per share and normalized FFO attributable to common shareholders of $0.42 per share.
Industrial Logistics Properties Trust (ILPT) reported a net loss of $(0.10) per share and Normalized FFO of $0.42 per share for Q1 2022. The company completed the acquisition of Monmouth Real Estate Investment Corporation and saw a 3.1% increase in same property cash basis NOI compared to the same period last year. Leasing activity remained strong with higher rental rates.
- Net loss attributable to common shareholders was $(0.10) per share.
- Normalized FFO attributable to common shareholders was $0.42 per share.
- Same property cash basis NOI increased by 3.1% compared to the same period last year.
- Completed acquisition of Monmouth Real Estate Investment Corporation.
Headline financials
Revenue & EPS history
ILPT · Revenue · Quarterly
$72.6M
Forward guidance
ILPT is focused on selling an additional equity interest in newly formed joint venture and divesting 30 former MNR properties with the aim of significantly reducing ILPT’s leverage before year end 2022.
Tailwinds
- Acquisition of MNR has enhanced ILPT’s scale with increased tenant and geographic diversity.
- Completed integration efforts.
- Attractive operating environment.
- Persistent demand for industrial assets continued to support solid leasing activity.
- Robust leasing spreads and strong portfolio occupancy at ILPT.
Headwinds
- Increased financing costs weighed on ILPT’s GAAP results.
- Increased financing costs weighed on Normalized FFO.
- Sales of properties depend on the economic and market conditions and such sales may not occur on a timely basis or on terms ILPT expects or at all.
- ILPT may not realize the sales prices it targets for any of these sales.
- Market conditions may not continue and could decline including due to inflation, or economic slowdown or otherwise.
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 2022
-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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