Industrial Logistics Properties Trust(US:ILPT)2025-07-09 06:21Portfolio Overview - ILPT owns 411 industrial and logistics properties[1], covering 60 million rentable square feet[13], with 95% occupancy[13] across 39 states[13] - Approximately 76% of ILPT's annualized rental revenues are derived from investment grade tenants, subsidiaries of investment grade rated entities, or Hawaii land leases[13,32] - The portfolio includes 185 mainland properties with 432 million rentable square feet and 226 Hawaii properties with 167 million rentable square feet[18] Financial Performance (Q1 2025) - Leasing activity totaled 2319000 square feet[20], with rental rates increasing by 189%[20] - The company reported a net loss attributable to common shareholders, but it declined by 80% year-over-year[20] - Adjusted EBITDAre increased by 11% compared to the prior year period[20] - Cash Basis NOI increased by 19% compared to the prior year period[20] - Normalized FFO attributable to common shareholders was $13490000 or $020 per share[65] Debt and Lease Management - Total consolidated debt is $43 billion[29], with a weighted average interest rate of 55% including the impact of interest rate caps[29] - The weighted average debt maturity term is 28 years, excluding extension options[29] - No debt maturities until 2027, including extension options[29] - Lease expirations and rent resets for the total consolidated portfolio are 11% of total ILPT annualized rental revenues in 2025[45]