← Industrial Logistics Properties Trust
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | — | — | — | — | $81.2m | $119.7m | ($286.8m) | ($149.7m) | ($137.2m) | ($102.6m) | ($82.0m) | |
| Net loss | — | — | — | — | $81.2m | $119.7m | ($286.8m) | ($149.7m) | ($137.2m) | ($102.6m) | — | |
| Net Income (Loss) Attributable to Parent | — | $80.1m |
$74.4m
-7.13%
|
$52.5m
-29.43%
|
$82.1m
+56.33%
|
$119.7m
+45.83%
|
($226.7m)
-289.44%
|
($108.0m)
+52.37%
|
($95.7m)
+11.41%
|
($66.2m)
+30.82%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | $119.4m |
($226.9m)
-290.03%
|
($108.0m)
+52.39%
|
($95.7m)
+11.41%
|
($66.2m)
+30.78%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | ($866k) | $0 | ($60.1m) | ($41.7m) | ($41.5m) | ($36.4m) | — | |
| Depreciation and amortization | $17.6m | $27.3m | $28.6m | $61.9m | $70.5m | $50.6m | $161.0m | $178.7m | $172.0m | $165.2m | $157.8m | |
| Amortization of Debt Issuance Costs and Discounts | — | ($494k) | $1.2m | $2.0m | $2.5m | $2.0m | $97.0m | $26.9m | — | — | — | |
| Amortization of Intangible Assets | — | $8.4m | $8.6m | $21.5m | $24.6m | $16.7m | $48.6m | $49.9m | $40.7m | $31.7m | — | |
| Depreciation | $17.6m | $17.7m | $18.8m | $38.2m | $43.8m | $32.5m | $106.2m | $125.3m | $126.5m | $127.6m | $157.8m | |
| Amortization of interest rate caps | — | — | — | — | — | — | $1.0m | $24.6m | $42.9m | $30.7m | — | |
| Net amortization of debt issuance costs, premiums and discounts | — | ($494k) | $1.2m | $2.0m | $2.5m | $2.0m | $97.0m | $26.9m | $12.9m | $3.2m | — | |
| Amortization of acquired real estate leases and assumed real estate lease obligations | $8.4m | $8.4m | $8.6m | $21.5m | $24.6m | $16.7m | $48.6m | $49.9m | $40.7m | $31.7m | — | |
| Amortization of deferred leasing costs | $706k | $771k | $820k | $1.1m | $1.4m | $938k | $1.7m | $2.4m | $3.2m | $4.1m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $154.8m | $175.2m | $167.3m | $159.3m | $157.8m | |
| Share-based Payment Arrangement, Expense | — | — | $927k | $1.1m | $2.3m | $2.3m | $2.2m | $1.7m | $1.9m | $2.1m | — | |
| Loss on impairment of real estate | — | — | — | — | $0 | $0 | $100.7m | $156k | $0 | $6.1m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $100.7m | $156k | $0 | $6.1m | $6.1m | |
| Income (Loss) from Equity Method Investments | — | — | — | $666k | $529k | $40.9m | $7.1m | $902k | $5.3m | $20.0m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($7.1m) | ($902k) | ($5.3m) | ($20.0m) | ($22.5m) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($2.0m) | ($6.4m) | ($12.0m) | $10.7m | ($2.8m) | |
| Change In Receivables | — | — | — | — | — | — | ($19.6m) | $1.4m | $429k | $2.0m | $1.2m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($19.6m) | $1.4m | $429k | $2.0m | $1.2m | |
| Accounts payable and other liabilities | $295k | $245k | $1.6m | $3.1m | $2.6m | $2.5m | $3.0m | $1.9m | ($932k) | $2.5m | $8.0m | |
| Real estate improvements accrued not paid | — | — | — | — | $629k | $705k | $2.5m | $1.2m | $6.5m | $1.7m | — | |
| Increase (Decrease) in Other Operating Assets | — | $4.4m | ($3.6m) | $594k | $1.1m | $3.4m | ($12.3m) | $10.0m | $11.3m | ($1.2m) | — | |
| Other assets | $56k | ($4.4m) | $3.6m | ($594k) | ($1.1m) | ($3.4m) | $12.3m | ($10.0m) | ($11.3m) | $1.2m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $11.9m | ($10.0m) | ($11.3m) | $1.2m | ($14.8m) | |
| Net Cash Provided by (Used in) Operating Activities | $109.3m |
$103.5m
-5.31%
|
$96.8m
-6.47%
|
$116.3m
+20.19%
|
$114.6m
-1.49%
|
$110.7m
-3.42%
|
$83.3m
-24.76%
|
$6.1m
-92.72%
|
$2.0m
-67.60%
|
$60.7m
+2990.78%
|
$68.8m
+13.43%
|
|
| Cash flows from investing activities: | ||||||||||||
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | ($5.8m) | $0 | $0 | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($1.4m) | ($6.3m) | ($135.5m) | ($893.4m) | ($4.5m) | $22.9m | ($3.4b) | $67.7m | $16.4m | $4.0m | $8.5m | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | $120k | $0 | ($22.2m) | ($359k) | $0 | ($5.1m) | — | |
| Loss on extinguishment of debt | — | — | $0 | $0 | $120k | $0 | $22.2m | $359k | $0 | $5.1m | — | |
| Payment of debt issuance costs | $0 | ($1.7m) | ($5.4m) | ($8.8m) | $0 | ($804k) | ($212.0m) | ($1.4m) | ($234k) | ($16.7m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $4.7b | $91.0m | $0 | $1.2b | $1.6b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $4.7b | $91.0m | $0 | $1.2b | $1.6b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $3.1b | $35.6m | ($18.1m) | ($98.9m) | ($6.2m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $3.1b | $35.6m | ($18.1m) | ($98.9m) | ($6.2m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | ($39.0m) | ($182.0m) | $0 | — | — | — | |
| Short Term Debt Issuance | — | — | — | — | — | $301.0m | $1.4b | $0 | — | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.6b) | ($55.4m) | ($18.1m) | ($1.3b) | ($1.6b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.6b) | ($55.4m) | ($18.1m) | ($1.3b) | ($1.6b) | |
| Short Term Debt Payments | — | — | — | — | — | ($340.0m) | ($1.6b) | $0 | — | — | — | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($242k) | ($163k) | ($312k) | ($451k) | ($468k) | |
| Proceeds from Issuance of Common Stock | — | $0 | $444.3m | $0 | $0 | — | — | — | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($242k) | ($163k) | ($312k) | ($451k) | ($468k) | |
| Payments for Repurchase of Common Stock | — | $0 | $52k | $253k | $382k | $922k | $242k | $163k | $312k | $451k | — | |
| Payments of Ordinary Dividends, Common Stock | — | $0 | $60.5m | $85.9m | $86.1m | $86.2m | $44.5m | $2.6m | $2.6m | $8.0m | ($13.3m) | |
| Common Stock Payments | — | — | — | — | — | — | ($242k) | ($163k) | ($312k) | ($451k) | ($468k) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($44.5m) | ($2.6m) | ($2.6m) | ($8.0m) | ($13.3m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($44.5m) | ($2.6m) | ($2.6m) | ($8.0m) | ($13.3m) | |
| Dividend Received CFO | — | — | — | — | — | — | $5.3m | $4.0m | $4.0m | $4.0m | $4.4m | |
| Dividends Received CFI | — | — | — | — | — | — | $20.5m | $5.9m | $0 | $0 | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | $383.8m | ($1.6m) | ($560k) | ($16.8m) | ($34.6m) | |
| Net cash (used in) provided by financing activities | ($107.9m) |
($97.1m)
+9.96%
|
$48.4m
+149.79%
|
$802.0m
+1558.06%
|
($121.8m)
-115.18%
|
($127.0m)
-4.27%
|
$3.5b
+2836.25%
|
$31.1m
-99.10%
|
($21.6m)
-169.44%
|
($124.1m)
-473.75%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | ($97.1m) |
$48.4m
+149.79%
|
$802.0m
+1558.06%
|
($121.8m)
-115.18%
|
($127.0m)
-4.27%
|
$3.5b
+2836.25%
|
$31.1m
-99.10%
|
($21.6m)
-169.44%
|
($124.1m)
-473.75%
|
($54.6m)
+56.01%
|
|
| (Decrease) increase in cash and cash equivalents and restricted cash and cash equivalents | — | $0 | $9.6m | $24.9m | ($11.7m) | $6.6m | $111.4m | $104.9m | ($3.2m) | ($59.4m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $24.9m | ($11.7m) | $6.6m | $111.4m | $104.9m | ($3.2m) | ($59.4m) | $181.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $29.4m | $140.8m | $245.7m | $242.5m | $159.1m | |
| Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | — | $0 | $9.6m | $34.5m | $22.8m | $29.4m | $140.8m | $245.7m | $242.5m | $183.0m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $34.5m | $22.8m | $29.4m | $140.8m | $245.7m | $242.5m | $183.0m | $181.8m | |
| Restricted cash and cash equivalents | — | $0 | $0 | $6.1m | $0 | $0 | $92.5m | $133.4m | $110.8m | $88.2m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($286.8m) | ($149.7m) | ($137.2m) | ($102.6m) | — | |
| Income Tax Expense (Benefit) | — | $44k | $32k | $171k | $277k | $273k | $45k | $104k | $162k | $104k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $292.5m | $264.6m | — | |
| Operating Lease, Lease Income | — | — | — | $229.2m | $254.6m | $219.9m | $388.2m | $437.3m | $442.3m | $448.8m | — | |
| Additional Financial Items | ||||||||||||
| Payments of Financing Costs | — | $1.7m | $5.4m | $8.8m | $0 | $804k | $212.0m | $1.4m | $234k | $16.7m | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | ($5.8m) | $0 | $0 | — | — | |
| Gain (Loss) on Sale of Properties | — | — | — | — | $24.0m | $12.1m | ($10k) | $1.7m | $0 | ($1.4m) | — | |
| General and Administrative Expense | — | $16.8m | $11.3m | $17.2m | $19.6m | $16.7m | $32.9m | $31.2m | $30.5m | $37.0m | — | |
| Investment Income, Interest | — | $0 | $200k | $743k | $113k | $0 | $2.7m | $7.9m | $11.4m | — | — | |
| Proceeds from Contributions from Parent | — | $72.8m | $16.2m | $0 | $0 | — | — | — | — | — | — | |
| Real Estate Tax Expense | — | $17.9m | $19.3m | $30.4m | $35.2m | $30.1m | $50.6m | $60.1m | $62.6m | $61.7m | — | |
| Straight line rental income | ($6.2m) | ($5.8m) | ($4.7m) | ($4.3m) | ($9.0m) | ($7.3m) | ($11.5m) | ($13.6m) | ($10.4m) | ($9.5m) | — | |
| Loss (gain) on sale of real estate | — | — | $0 | $0 | ($24.0m) | ($12.1m) | $10k | ($1.7m) | $0 | $1.4m | — | |
| Proceeds from settlement of interest rate caps | — | — | — | — | — | $0 | $0 | ($56.9m) | ($65.3m) | $33.9m | — | |
| General and administrative expenses paid in common shares | — | — | — | — | — | — | $2.2m | $1.7m | $1.9m | $2.1m | — | |
| Distributions of earnings from unconsolidated joint venture | — | $0 | $0 | $666k | $0 | $2.6m | $5.3m | $4.0m | $4.0m | $4.0m | — | |
| Equity in earnings of unconsolidated joint venture | — | $0 | $0 | ($666k) | ($529k) | ($40.9m) | ($7.1m) | ($902k) | ($5.3m) | ($20.0m) | — | |
| Rents receivable | $301k | $436k | ($1.7m) | ($1.5m) | ($2.9m) | $54k | ($19.6m) | $1.4m | $429k | $2.0m | — | |
| Due to related persons | $0 | $7.1m | ($5.5m) | $845k | ($133k) | ($94k) | $2.6m | $142k | ($192k) | $5.0m | — | |
| Real estate improvements | ($1.4m) | ($6.0m) | ($5.0m) | ($17.2m) | ($5.9m) | ($4.9m) | ($17.7m) | ($19.4m) | ($5.7m) | ($18.6m) | — | |
| Purchase of interest rate caps | — | — | — | — | — | — | $0 | $0 | ($43.1m) | ($15.0m) | — | |
| Distributions in excess of earnings from unconsolidated joint venture | — | $0 | $0 | $8.3m | $287k | $0 | $0 | $5.9m | $0 | $0 | — | |
| Proceeds from sale of real estate, net | — | — | — | — | $10.6m | $1.2m | $0 | $24.3m | $0 | $3.7m | — | |
| Proceeds from issuance of mortgage notes payable | — | $0 | $0 | $1.0b | $0 | $0 | $3.3b | $91.0m | $0 | $1.2b | — | |
| Repayment of ILPT Floating Rate Loan and related costs | — | — | — | — | — | — | — | $0 | $0 | ($1.2b) | — | |
| Repayment of mortgage notes payable | ($16k) | ($14.3m) | $0 | $0 | ($48.8m) | $0 | ($18.1m) | ($55.4m) | ($18.1m) | ($18.8m) | — | |
| Distributions to common shareholders | $0 | $0 | ($60.5m) | ($85.9m) | ($86.1m) | ($86.2m) | ($44.5m) | ($2.6m) | ($2.6m) | ($8.0m) | — | |
| Repurchase of common shares | $0 | $0 | ($52k) | ($253k) | ($382k) | ($922k) | ($242k) | ($163k) | ($312k) | ($451k) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $3.5b | $31.1m | ($21.6m) | ($124.1m) | ($54.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.4b) | $67.7m | $16.4m | $4.0m | $8.5m | |
| Change In Account Payable | — | — | — | — | — | — | $3.0m | $1.9m | ($932k) | $2.5m | $8.0m | |
| Change In Other Working Capital | — | — | — | — | — | ($4.1m) | ($1.7m) | — | — | — | — | |
| Change In Payable | — | — | — | — | — | — | $5.7m | $2.1m | ($1.1m) | $7.6m | $8.0m | |
| Change In Prepaid Assets | — | — | — | — | — | ($3.4m) | $1.4m | — | — | — | — | |
| Changes In Cash | — | — | — | — | — | — | $111.4m | $104.9m | ($3.2m) | ($59.4m) | $22.7m | |
| End Cash Position | — | — | — | — | — | — | $140.8m | $245.7m | $242.5m | $183.0m | $181.8m | |
| Financing Cash Flow | — | — | — | — | — | — | $3.5b |
$31.1m
-99.10%
|
($21.6m)
-169.44%
|
($124.1m)
-473.75%
|
($54.6m)
+56.01%
|
|
| Free Cash Flow | — | — | — | — | — | — | $83.3m | $6.1m | $2.0m | $60.7m | $68.8m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $5.8m | ($58.6m) | ($65.3m) | ($32.5m) | ($16.6m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($3.4b) | $67.7m | $16.4m | $4.0m | $8.5m | |
| Net Business Purchase And Sale | — | — | — | — | — | $804k | $0 | $0 | — | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | $160.5m | $0 | $0 | — | — | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | $20.9m | ($59.2m) | ($70.6m) | ($47.4m) | ($35.2m) | |
| Other Non Cash Items | — | — | — | — | — | — | $90.4m | $42.1m | $50.5m | $30.5m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $0 | $7.7m | $0 | — | — | $0 | |
| Sale Of Business | — | — | — | — | — | $804k | $0 | $0 | — | — | — | |
| Sale Of PPE | — | — | — | — | — | $160.5m | $0 | $0 | — | — | $0 | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($3.6b) | $4.9m | ($5.7m) | ($14.9m) | ($10.7m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $140.8m | $56.9m | $22.1m | $18.9m | $19.2m | |
| Purchase Of Investment | — | — | — | — | — | — | $0 | $0 | ($43.1m) | ($15.0m) | ($3.7m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($3.6b) | ($19.4m) | ($5.7m) | ($18.6m) | ($3.7m) | |
| Sale Of Investment | — | — | — | — | — | — | $140.8m | $56.9m | $65.3m | $33.9m | $22.9m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $0 | $24.3m | $0 | $3.7m | $22.9m | |
| Proceeds from Noncontrolling Interests | — | — | — | — | $107.9m | $0 | $589.4m | $0 | $0 | — | — | |
| Distributions to noncontrolling interests | — | — | — | $0 | ($5.5m) | $0 | ($1.4m) | ($225k) | ($326k) | ($60k) | — | |
| Cash and cash equivalents | $0 | $0 | $9.6m | $9.6m | $28.4m | $22.8m | $48.3m | $112.3m | $131.7m | $94.8m | $159.1m | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $111.4m | $104.9m | ($3.2m) | ($59.4m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.6m | $2.8m | $14.7m | $46.1m | $50.4m | $33.3m | $178.8m | $237.6m | $237.1m | $235.1m | — | |
| Income Taxes Paid, Net | — | $0 | $0 | $164k | $209k | $485k | $228k | $85k | ($80k) | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.