← Industrial Logistics Properties Trust
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||
| Current assets: | ||||||||||
| Cash and Cash Equivalents, at Carrying Value | $0 | $9.6m | $28.4m | $22.8m | $29.4m | $48.3m | $112.3m | $131.7m | $94.8m | |
| Accounts Receivable | $51.7m | $56.9m | $62.8m | $69.5m | $75.9m | $107.0m | $119.2m | $129.2m | $136.7m | |
| Restricted Cash and Cash Equivalents | — | $0 | $6.1m | $0 | $0 | $92.5m | $133.4m | $110.8m | $88.2m | |
| Accounts Receivable, after Allowance for Credit Loss | $51.7m | $56.9m | $62.8m | $69.5m | $75.9m | $107.0m | $119.2m | $129.2m | $136.7m | |
| Cash and cash equivalents | $0 | $9.6m | $28.4m | $22.8m | $29.4m | $48.3m | $112.3m | $131.7m | $94.8m | |
| Rents receivable, including straight line rents of $114,199 and $104,730, respectively | $51.7m | $56.9m | $62.8m | $69.5m | $75.9m | $107.0m | $119.2m | $129.2m | $136.7m | |
| Allowance For Doubtful Accounts Receivable | — | — | — | — | — | ($80.7m) | ($94.3m) | ($104.7m) | ($114.2m) | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | $48.3m | $112.3m | $131.7m | $94.8m | |
| Gross Accounts Receivable | — | — | — | — | — | $187.7m | $213.5m | $233.9m | $250.9m | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | — | $5.1m | $4.6m | $4.2m | $3.7m | |
| Other assets, net | $4.9m | $11.2m | $3.4m | $2.8m | $5.8m | $103.9m | $67.8m | $62.3m | $41.7m | |
| Additional Financial Items | ||||||||||
| Land | $642.7m | $670.5m | $747.8m | $709.1m | $699.0m | $1.1b | $1.1b | $1.1b | $1.1b | |
| Buildings and improvements | $700.9m | $791.9m | $1.6b | $1.1b | $1.0b | $4.1b | $4.1b | $4.1b | $4.1b | |
| Accumulated depreciation | ($74.6m) | ($93.3m) | ($131.5m) | ($141.4m) | ($167.5m) | ($273.5m) | ($397.5m) | ($523.9m) | ($648.3m) | |
| Investment in unconsolidated joint venture | — | — | $0 | $60.6m | $143.0m | $124.4m | $115.4m | $116.7m | $132.8m | |
| Acquired real estate leases, net | $79.1m | $75.8m | $138.6m | $83.6m | $63.4m | $297.4m | $243.5m | $199.2m | $164.2m | |
| Mortgage notes payable, net | — | $49.2m | $1.1b | $645.6m | $646.1m | $4.2b | $4.3b | $4.3b | $4.2b | |
| Assumed real estate lease obligations, net | $20.4m | $18.3m | $17.5m | $14.6m | $12.4m | $22.5m | $18.5m | $14.9m | $11.7m | |
| Common shares of beneficial interest, $.01 par value: 100,000,000 shares authorized; 66,653,129 and 66,144,308 shares issued and outstanding, respectively | 450k | 651k | 652k | 653k | 654k | 656k | 658k | 661k | 667k | |
| Cumulative net deficit | $15.3m | $89.7m | $142.2m | $224.2m | $343.9m | $117.2m | $9.2m | ($86.5m) | ($152.7m) | |
| Cumulative other comprehensive loss | — | — | — | — | $0 | $21.9m | $10.2m | ($1.1m) | ($836k) | |
| Cumulative common distributions | $0 | ($60.5m) | ($146.4m) | ($232.5m) | ($318.7m) | ($363.2m) | ($365.8m) | ($368.5m) | ($376.5m) | |
| Capital Lease Obligations | — | — | — | — | — | $22.5m | $18.5m | $14.9m | $11.7m | |
| Dueto Related Parties Current | — | — | — | — | — | $4.8m | $5.0m | $4.8m | $9.8m | |
| Gross PPE | — | — | — | — | — | $415.8m | $383.2m | $340.2m | $301.3m | |
| Invested Capital | — | — | — | — | — | $5.0b | $5.0b | $4.9b | $4.7b | |
| Investment Properties | — | — | — | — | — | $4.9b | $4.8b | $4.7b | $4.5b | |
| Investments And Advances | — | — | — | — | — | $124.4m | $115.4m | $116.7m | $132.8m | |
| Investmentsin Joint Venturesat Cost | — | — | — | — | — | $124.4m | $115.4m | $116.7m | $132.8m | |
| Line Of Credit | — | — | — | — | $182.0m | $0 | — | — | — | |
| Long Term Capital Lease Obligation | — | — | — | — | — | $22.5m | $18.5m | $14.9m | $11.7m | |
| Long Term Equity Investment | — | — | — | — | — | $124.4m | $115.4m | $116.7m | $132.8m | |
| Net Debt | — | — | — | — | — | $4.2b | $4.2b | $4.2b | $4.1b | |
| Net PPE | — | — | — | — | — | $297.4m | $243.5m | $199.2m | $164.2m | |
| Net Tangible Assets | — | — | — | — | — | $790.7m | $670.0m | $562.0m | $489.7m | |
| Ordinary Shares Number | — | — | — | — | — | $65.6m | $65.8m | $66.1m | $66.7m | |
| Other Equity Adjustments | — | — | — | — | — | $21.9m | $10.2m | ($1.1m) | ($836k) | |
| Other Equity Interest | — | — | — | — | — | ($363.2m) | ($365.8m) | ($368.5m) | ($376.5m) | |
| Other Non Current Assets | — | — | — | — | — | $103.9m | $67.8m | $62.3m | $41.7m | |
| Other Properties | — | — | — | — | — | $415.8m | $383.2m | $340.2m | $301.3m | |
| Restricted Cash | — | — | — | — | — | $92.5m | $133.4m | $110.8m | $88.2m | |
| Share Issued | — | — | — | — | — | $65.6m | $65.8m | $66.1m | $66.7m | |
| Tangible Book Value | — | — | — | — | — | $790.7m | $670.0m | $562.0m | $489.7m | |
| Working Capital | — | — | — | — | — | $169.4m | $287.5m | $290.1m | $235.3m | |
| Total real estate properties, gross | $1.3b | $1.5b | $2.3b | $1.8b | $1.7b | $5.2b | $5.2b | $5.2b | $5.2b | |
| Total real estate properties, net | $1.3b | $1.4b | $2.2b | $1.7b | $1.6b | $4.9b | $4.8b | $4.7b | $4.5b | |
| Total equity attributable to common shareholders | $562.2m | $1.0b | $995.7m | $1.0b | $1.0b | $790.7m | $670.0m | $562.0m | $489.7m | |
| Total equity | — | — | — | — | $1.0b | $1.3b | $1.2b | $1.0b | $900.7m | |
| Total Capitalization | — | — | — | — | — | $5.0b | $5.0b | $4.9b | $4.7b | |
| Total Debt | — | — | — | — | — | $4.3b | $4.3b | $4.3b | $4.2b | |
| Total Non Current Assets | — | — | — | — | — | $5.4b | $5.2b | $5.0b | $4.9b | |
| Assets | $1.4b | $1.5b | $2.5b | $1.9b | $1.9b | $5.7b | $5.6b | $5.4b | $5.2b | |
| Total assets | $1.4b | $1.5b | $2.5b | $1.9b | $1.9b | $5.7b | $5.6b | $5.4b | $5.2b | |
| LIABILITIES AND EQUITY | ||||||||||
| Current Liabilities | — | — | — | — | — | $78.4m | $77.4m | $81.5m | $84.4m | |
| Accounts payable and other liabilities | $11.1m | $12.0m | $16.5m | $14.7m | $16.3m | $73.5m | $78.1m | $81.5m | $84.4m | |
| Accounts Payable | — | — | — | — | — | $73.5m | $72.5m | $76.8m | $74.6m | |
| Current Deferred Revenue | — | — | — | — | $8.4m | — | — | — | — | |
| Payables And Accrued Expenses | — | — | — | — | — | $78.4m | $77.4m | $81.5m | $84.4m | |
| Long-term Debt | $799.4m | $462.2m | $1.4b | $866.6m | $828.1m | $4.2b | $4.3b | $4.3b | $4.2b | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | $4.3b | $4.3b | $4.3b | $4.2b | |
| Liabilities | $849.5m | $506.3m | $1.5b | $912.6m | $870.5m | $4.3b | $4.4b | $4.4b | $4.3b | |
| Total liabilities | $849.5m | $506.3m | $1.5b | $912.6m | $870.5m | $4.3b | $4.4b | $4.4b | $4.3b | |
| Stockholders’ equity: | ||||||||||
| Common Stock, Value, Issued | $450k | $651k | $652k | $653k | $654k | $656k | $658k | $661k | $667k | |
| Retained Earnings (Accumulated Deficit) | $15.3m | $89.7m | $142.2m | $224.2m | $343.9m | $117.2m | $9.2m | ($86.5m) | ($152.7m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | — | — | — | $21.9m | $10.2m | ($1.1m) | ($836k) | |
| Additional Paid in Capital, Common Stock | $546.5m | $998.4m | $999.3m | $1.0b | $1.0b | $1.0b | $1.0b | $1.0b | $1.0b | |
| Additional paid in capital | $546.5m | $998.4m | $999.3m | $1.0b | $1.0b | $1.0b | $1.0b | $1.0b | $1.0b | |
| Capital Stock | — | — | — | — | — | $656k | $658k | $661k | $667k | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | — | $21.9m | $10.2m | ($1.1m) | ($836k) | |
| Stockholders' Equity Attributable to Parent | $562.2m | $1.0b | $995.7m | $1.0b | $1.0b | $790.7m | $670.0m | $562.0m | $489.7m | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | — | $540.0m | $491.8m | $447.3m | $411.0m | |
| Noncontrolling interests | — | — | — | — | $0 | $540.0m | $491.8m | $447.3m | $411.0m | |
| Minority Interest | — | — | — | — | — | $540.0m | $491.8m | $447.3m | $411.0m | |
| Total Equity Gross Minority Interest | — | — | — | — | — | $1.3b | $1.2b | $1.0b | $900.7m | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | — | $4.3b | $4.3b | $4.3b | $4.2b | |
| Liabilities and Equity | $1.4b | $1.5b | $2.5b | $1.9b | $1.9b | $5.7b | $5.6b | $5.4b | $5.2b | |
| Total liabilities and equity | $1.4b | $1.5b | $2.5b | $1.9b | $1.9b | $5.7b | $5.6b | $5.4b | $5.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.