Industrial Logistics Property Trust report Q3 normalized FFO 12c, consensus 11c

Yael Duffy, President and Chief Operating Officer of ILPT, commented, “During the third quarter, ILPT experienced same property NOI and same property Cash Basis NOI growth of 5.3% and 6.0%, respectively. This growth is primarily the result of strong leasing activity during 2022 and the first half of 2023, which is now being realized in earnings. With a 98.9% leased portfolio, exceptional tenant roster and no near term debt maturities, we continue to evaluate operational synergies and opportunities for continued mark-to-market rent growth.”