NASDAQ$ILPT

Industrial Logistics Properties Trust · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

ILPT's third quarter results were marked by strong leasing activity, growth in same property cash basis NOI, and expansion of the industrial and logistics portfolio.

Industrial Logistics Properties Trust announced its Q3 2021 results, featuring a net income of $0.28 per share, normalized FFO of $0.46 per share, and a 3.4% increase in same property cash basis NOI compared to the same period last year. The company also reported significant leasing activity and portfolio expansion.

  • Net income attributable to common shareholders was $18.3 million, or $0.28 per diluted share.
  • Normalized funds from operations (FFO) attributable to common shareholders was $30.3 million, or $0.46 per diluted share.
  • 818,000 sq. ft. of leasing activity at over 20% higher rents during the third quarter.
  • Same property cash basis NOI increased by 3.4% compared to the same period last year.

Headline financials

Total Revenue

$55M

Previous: $65.1M-15.6%
EPS (adj)

$0.46

Previous: $0.46+0.0%
Capital Expenditures

-$137M

Previous: -$76.1M-80.1%
Free Cash Flow

-$119M

Previous: -$62M-91.5%
Net Income

$18.3M

Previous: $14.1M+29.9%
Operating Income

$34.1M

Previous: $35.7M-4.7%
Gross Profit

$55M

Previous: $65.1M-15.6%
Cash & Equivalents

$44.1M

Previous: $39.1M+12.8%
Total Assets

$2.05B

Previous: $2.5B-18.0%

Revenue & EPS history

ILPT · Revenue · Quarterly

$55M

Q3 2021-15.6%vs Q3 2020
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Forward guidance

ILPT remains focused on acquiring high quality properties with stable cash flows and a favorable risk-adjusted return profile and continues to evaluate attractive opportunities for further growth, which allows ILPT to drive cash flow growth.

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 Q3 2021

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro