ILPT - Industrial Logistics Properties FFO of $0.12 beats by $0.04 revenue of $110.26M beats by $3.62M

2023-04-25 16:44:31 ET

• Industrial Logistics Properties press release ( NASDAQ: ILPT ): Q1 FFO of $0.12 beats by $0.04 .
• Revenue of $110.26M (+54.5% Y/Y) beats by $3.62M .
• Same property NOI, and same property Cash Basis NOI increased 7.8% and 3.2%, respectively, compared to the prior year quarter. The increase in same property NOI this quarter was driven by ILPT's leasing activity, an increase in percentage rent earned this quarter and a favorable change in reserves for uncollectible rents.

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