NASDAQ$ILPT

Industrial Logistics Properties Trust · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced third quarter 2022 results with 1.7 million square feet of leasing executed at 77.5% higher rental rates.

Industrial Logistics Properties Trust reported a net loss attributable to common shareholders of $45.6 million, or $0.70 per diluted share, and normalized FFO attributable to common shareholders of $14.9 million, or $0.23 per diluted share for the quarter ended September 30, 2022. The company executed 1.7 million square feet of leasing at 77.5% higher rental rates.

  • Net loss attributable to common shareholders was $45.6 million, or $0.70 per diluted share.
  • Normalized FFO attributable to common shareholders were $14.9 million, or $0.23 per diluted share.
  • Same property net operating income, or NOI, decreased 0.3% compared to the prior year quarter.
  • Executed 1.7 million square feet of leasing at 77.5% higher rental rates.

Headline financials

Total Revenue

$103M

Previous: $55M+87.7%
EPS (adj)

$0.23

Previous: $0.46-50.0%
Capital Expenditures

-$3.6B

Previous: -$137M-2524.2%
Free Cash Flow

-$3.64B

Previous: -$119M-2967.0%
Net Income

-$45.6M

Previous: $18.3M-349.2%
Operating Income

$36.5M

Previous: $34.1M+7.2%
Gross Profit

$103M

Previous: $55M+87.7%
Cash & Equivalents

$26.4M

Previous: $44.1M-40.2%
Total Assets

$5.72B

Previous: $2.05B+179.3%

Revenue & EPS history

ILPT · Revenue · Quarterly

$103M

Q3 2022+87.7%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

ILPT has flexibility as it evaluates opportunities to strengthen its balance sheet and reduce leverage.

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 2022

Historical avgQ3 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

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

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