Financial Performance - ILPT's Normalized FFO attributable to common shareholders was $17385 thousand, or $026 per diluted share[15, 18] - Adjusted EBITDAre reached $841 million[15] - Same property NOI increased by 29% to $864 million compared to Q3 2024[15] - Same property Cash Basis NOI increased by 30% to $842 million compared to Q3 2024[15] - Interest expense decreased by $105 million, or 142%, compared to Q3 2024[15] Portfolio & Leasing Activities - ILPT executed approximately 836000 square feet of total leasing activity[10, 15] - Weighted average rental rates were 224% higher than prior rental rates for the same space[10, 15] - Renewal activity accounted for 70% of leasing activity[10] - Approximately 76% of annualized rental revenues are generated from investment grade tenants or their subsidiaries and Hawaii land leases[14, 15] - Portfolio occupancy stood at 941%[15, 45] Capital & Liquidity - ILPT declared a quarterly cash distribution to common shareholders of $005 per share[12, 15] - ILPT ended the quarter with $832 million of cash on hand[15] - Three properties totaling 867000 square feet are in various stages of disposition and are expected to sell for approximately $55 million[15]
Industrial Logistics Properties Trust(ILPT) - 2025 Q3 - Earnings Call Presentation