ILPT Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	445.46	442.32	437.34	388.15	219.87	254.58
Total Revenue	445.46	442.32	437.34	388.15	219.87	254.58
Revenue Growth (YoY	1.08%	1.14%	12.67%	76.53%	-13.63%	11.05%
Property Expenses	61.24	62.56	60.34	51.21	31.27	54.77
Selling, General & Administrative	36.08	30.45	31.16	32.88	16.72	0.2
Depreciation & Amortization	165.78	171.99	178.73	160.98	50.6	70.52
Other Operating Expenses	38.03	38.55	38.19	30.86	18.68	20.75
Total Operating Expenses	301.12	303.55	308.42	275.92	117.27	146.23
Operating Income	144.34	138.77	128.91	112.23	102.61	108.34
Interest Expense	-272.94	-292.54	-288.54	-280.05	-35.63	-51.62
Interest & Investment Income	8.08	11.43	7.91	2.66	-	0.11
Income (Loss) on Equity Investments	5.44	5.33	0.9	7.08	40.92	0.53
EBT Excluding Unusual Items	-115.07	-137.01	-150.81	-158.08	107.9	57.37
Gain (Loss) on Sale of Investments	-	-	-	-5.76	-	-
Gain (Loss) on Sale of Assets	-	-	1.71	-0.01	12.05	24
Asset Writedown	-6.08	-	-0.16	-100.75	-	-
Other Unusual Items	-5.07	-	-0.36	-22.2	-	0.12
Pretax Income	-126.23	-137.01	-149.62	-286.8	119.96	81.48
Income Tax Expense	0.15	0.16	0.1	0.05	0.27	0.28
Earnings From Continuing Operations	-126.37	-137.17	-149.72	-286.84	119.68	81.21
Minority Interest in Earnings	37.87	41.5	41.73	60.12	-	0.87
Net Income	-88.51	-95.67	-107.99	-226.72	119.68	82.07
Preferred Dividends & Other Adjustments	0.01	0.01	0.01	0.13	0.31	0.15
Net Income to Common	-88.52	-95.68	-108	-226.85	119.38	81.92
Net Income Growth	-	-	-	-	45.83%	56.33%
Basic Shares Outstanding	66	66	65	65	65	65
Diluted Shares Outstanding	66	66	65	65	65	65
Shares Change (YoY)	0.45%	0.41%	0.28%	0.06%	0.15%	0.09%
EPS (Basic)	-1.34	-1.46	-1.65	-3.48	1.83	1.26
EPS (Diluted)	-1.35	-1.46	-1.65	-3.48	1.83	1.26
EPS Growth	-	-	-	-	45.44%	56.05%
Dividend Per Share	0.120	0.040	0.040	0.360	1.320	1.320
Dividend Growth	200.00%	-	-88.89%	-72.73%	-	-
Operating Margin	32.40%	31.37%	29.48%	28.91%	46.67%	42.56%
Profit Margin	-19.87%	-21.63%	-24.70%	-58.45%	54.29%	32.18%
EBITDA	304.34	306.03	304.11	267.03	151.72	176.74
EBITDA Margin	68.32%	69.19%	69.54%	68.80%	69.00%	69.42%
D&A For Ebitda	160	167.26	175.2	154.81	49.11	68.39
EBIT	144.34	138.77	128.91	112.23	102.61	108.34
EBIT Margin	32.40%	31.37%	29.48%	28.91%	46.67%	42.56%
Funds From Operations (FFO)	43.77	35.36	31.04	-	-	-
Adjusted Funds From Operations (AFFO)	-	35.36	31.04	-	-	-
FFO Payout Ratio	12.11%	7.46%	8.46%	-	-	-
Effective Tax Rate	-	-	-	-	0.23%	0.34%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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