Industrial Logistics Properties Trust
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
ILPT$6.05+2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets — March and December 31,
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Real estate properties: | ||
| Land | $1,113,723 | $1,113,723 |
| Buildings and improvements | 4,057,048 | 4,055,829 |
| Total real estate properties, gross | 5,170,771 | 5,169,552 |
| Accumulated depreciation | (428,967) | (397,454) |
| Total real estate properties, net | 4,741,804 | 4,772,098 |
| Investment in unconsolidated joint venture | 116,093 | 115,360 |
| Acquired real estate leases, net | 231,621 | 243,521 |
| Cash and cash equivalents | 128,394 | 112,341 |
| Restricted cash and cash equivalents | 108,083 | 133,382 |
| Rents receivable, including straight line rents of $97,798 and $94,309, respectively | 116,170 | 119,170 |
| Other assets, net | 85,404 | 67,803 |
| Total assets | $5,527,569 | $5,563,675 |
| LIABILITIES AND EQUITY | ||
| Mortgages and notes payable, net | $4,307,999 | $4,305,941 |
| Accounts payable and other liabilities | 73,923 | 72,455 |
| Assumed real estate lease obligations, net | 17,608 | 18,534 |
| Due to related persons | 5,539 | 4,966 |
| Total liabilities | 4,405,069 | 4,401,896 |
| Commitments and contingencies | ||
| Equity: | ||
| Equity attributable to common shareholders: | ||
| Common shares of beneficial interest, $.01 par value: 100,000,000 shares authorized; 65,831,530 and 65,843,387 shares issued and outstanding, respectively | 658 | 658 |
| Additional paid in capital | 1,016,067 | 1,015,777 |
| Cumulative net (deficit) income | (14,207) | 9,196 |
| Cumulative other comprehensive income | 7,213 | 10,171 |
| Cumulative common distributions | (366,506) | (365,848) |
| Total equity attributable to common shareholders | 643,225 | 669,954 |
| Noncontrolling interest | 479,275 | 491,825 |
| Total equity | 1,122,500 | 1,161,779 |
| Total liabilities and equity | $5,527,569 | $5,563,675 |
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