ILPT Q3 net loss widens to $30.2 million; normalized FFO up 42% to $21.3 million
Industrial Logistics Properties Trust (ILPT) reported third quarter 2026 results for the quarter ended September 30, 2026. Rental income rose to $116.8 million and normalized FFO attributable to common shareholders rose 42.4% year over year, but the net loss attributable to common shareholders widened to $30.2 million, or $0.46 per share, from $21.6 million, or $0.33 per share, a year earlier. The filing also updated full-year 2026 guidance to include incentive management fees, which were $1.9 million in the quarter.
Key points
- Net loss attributable to common shareholders was $30.2 million, or $0.46 per share, versus $21.6 million, or $0.33 per share, in Q3 2025.
- Normalized FFO attributable to common shareholders was $21.3 million, or $0.32 per share, up 42.4% year over year and below the $23.0 million midpoint of previous guidance, which excluded $1.9 million of incentive management fees.
- Rental income was $116.8 million, compared with $110.9 million a year earlier.
- Full-year 2026 normalized FFO per diluted share is guided to $1.23 to $1.25; the quarterly distribution is $0.10 per share, payable on or about November 12, 2026.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.