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Income Statement
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Common Size IS
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Industrial Logistics Properties Trust (ILPT)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues [Abstract]          
Rental income  388.2219.9254.6229.2162.5156.5  
   
Expenses:          
Real estate taxes  50.630.135.230.419.317.917.2 
Other operating expenses  30.918.720.717.613.010.910.6 
Depreciation and amortization  161.050.670.561.928.627.327.125.3
General and administrative  32.916.70.217.211.316.89.28.7
Acquisition and other transaction related costs  0.61.119.6  1.00.0 
Loss on impairment of real estate  100.7       
    Total expenses  376.7117.3146.2127.172.273.964.174.1
Interest and other income  2.7 0.10.70.2   
Interest expense  -280.1-35.6-51.6-50.8-16.1-2.4-2.3 
(Loss) gain on sale of real estate  0.012.124.0     
Loss on equity securities  -5.8       
(Loss) gain on early extinguishment of debt  -22.2 0.1     
    (Loss) income before income tax expense and equity in earnings of unconsolidated joint venture  -293.979.081.052.074.480.186.971.7
Income tax expense  0.0-0.3-0.30.20.00.00.00.0
            Tax rate   0.3%0.3% 0.0%0.1%0.1%0.1%
Equity in earnings of unconsolidated joint venture  7.140.90.50.7    
    Net (loss) income  -286.8119.781.2     
Net loss attributable to noncontrolling interest  60.1 0.9     
    Net (loss) income attributable to common shareholders  -226.7119.782.152.574.480.186.971.6
   
Other comprehensive income:          
Unrealized gain on derivatives  30.2       
Less: unrealized gain on derivatives attributable to noncontrolling interest  -8.3       
    Other comprehensive income attributable to common shareholders  21.9       
    Comprehensive (loss) income attributable to common shareholders  -204.8119.782.1     
   
Weighted average common shares outstanding - basic (in shares)  65.265.265.165.064.145.045.045.0
Weighted average common shares outstanding - diluted (in shares)  65.265.265.165.164.145.045.0 
   
Per common share data (basic and diluted):          
Net (loss) income attributable to common shareholders, basic (in usd per share)  ($3.47)$1.83$1.26$0.81$1.16$1.78$1.93$1.59
Net  ($3.47)$1.83$1.26$0.81$1.16$1.78$1.93$1.59

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