NASDAQ$ILPT

Industrial Logistics Properties Trust · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter 2022 results.

Industrial Logistics Properties Trust reported a net loss attributable to common shareholders of $31.0 million, or $0.48 per diluted share, and normalized FFO attributable to common shareholders of $5.4 million, or $0.08 per diluted share for the quarter ended December 31, 2022.

  • Executed 1.4 Million Square Feet of Leasing at 18.7% Higher Rental Rates
  • Full Year Leasing Activity of 7.8 Million Square Feet at 47.3% Higher Rental Rates
  • Net Loss Attributable to Common Shareholders of $0.48 Per Share
  • Normalized FFO Attributable to Common Shareholders of $0.08 Per Share

Headline financials

Total Revenue

$106M

Previous: $56.5M+88.2%
EPS (adj)

$0.08

Previous: $0.49-83.7%
Net Income

-$31M

Previous: $63.2M-149.1%
Operating Income

-$42.3M

Previous: $27.8M-251.8%
Cash & Equivalents

$48.3M

Previous: $29.4M+64.2%
Total Assets

$5.68B

Previous: $1.91B+197.4%

Revenue & EPS history

ILPT · Revenue · Quarterly

$106M

Q4 2022+88.2%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

ILPT believes the strength of industrial real estate fundamentals will continue to allow them to organically grow cash flows through mark-to-market opportunities and tenant retention. With a 99.1% leased portfolio, exceptional tenant roster and no near-term debt maturities, they will continue to be patient as they evaluate opportunities to strengthen their 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 Q4 2022

Historical avgQ4 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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