ILPT Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	448.85	442.32	437.34	388.15	219.87
Total Revenue	448.85	442.32	437.34	388.15	219.87
Revenue Growth (YoY	1.47%	1.14%	12.67%	76.53%	-13.63%
Property Expenses	61.68	62.56	60.34	51.21	31.27
Selling, General & Administrative	36.96	30.45	31.16	32.88	16.72
Depreciation & Amortization	165.23	171.99	178.73	160.98	50.6
Other Operating Expenses	37.06	38.55	38.19	30.86	18.68
Total Operating Expenses	300.92	303.55	308.42	275.92	117.27
Operating Income	147.93	138.77	128.91	112.23	102.61
Interest Expense	-264.56	-292.54	-288.54	-280.05	-35.63
Interest & Investment Income	6.72	11.43	7.91	2.66	-
Income (Loss) on Equity Investments	19.98	5.33	0.9	7.08	40.92
EBT Excluding Unusual Items	-89.94	-137.01	-150.81	-158.08	107.9
Gain (Loss) on Sale of Investments	-	-	-	-5.76	-
Gain (Loss) on Sale of Assets	-1.38	-	1.71	-0.01	12.05
Asset Writedown	-6.08	-	-0.16	-100.75	-
Other Unusual Items	-5.07	-	-0.36	-22.2	-
Pretax Income	-102.46	-137.01	-149.62	-286.8	119.96
Income Tax Expense	0.1	0.16	0.1	0.05	0.27
Earnings From Continuing Operations	-102.57	-137.17	-149.72	-286.84	119.68
Minority Interest in Earnings	36.38	41.5	41.73	60.12	-
Net Income	-66.19	-95.67	-107.99	-226.72	119.68
Preferred Dividends & Other Adjustments	0.04	0.01	0.01	0.13	0.31
Net Income to Common	-66.23	-95.68	-108	-226.85	119.38
Net Income Growth	-	-	-	-	45.83%
Basic Shares Outstanding	66	66	65	65	65
Diluted Shares Outstanding	66	66	65	65	65
Shares Change (YoY)	0.47%	0.41%	0.28%	0.06%	0.15%
EPS (Basic)	-1.00	-1.46	-1.65	-3.48	1.83
EPS (Diluted)	-1.00	-1.46	-1.65	-3.48	1.83
EPS Growth	-	-	-	-	45.44%
Dividend Per Share	0.160	0.040	0.040	0.360	1.320
Dividend Growth	300.00%	-	-88.89%	-72.73%	-
Operating Margin	32.96%	31.37%	29.48%	28.91%	46.67%
Profit Margin	-14.76%	-21.63%	-24.70%	-58.45%	54.29%
EBITDA	307.26	306.03	304.11	267.03	151.72
EBITDA Margin	68.46%	69.19%	69.54%	68.80%	69.00%
D&A For Ebitda	159.34	167.26	175.2	154.81	49.11
EBIT	147.93	138.77	128.91	112.23	102.61
EBIT Margin	32.96%	31.37%	29.48%	28.91%	46.67%
Funds From Operations (FFO)	52.81	35.36	-	-	-
Adjusted Funds From Operations (AFFO)	52.81	35.36	-	-	-
FFO Payout Ratio	15.10%	7.46%	-	-	-
Effective Tax Rate	-	-	-	-	0.23%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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