ILPT - Industrial Logistics Properties FFO of $0.23 misses by $0.09 revenue of $103.22M misses by $2.57M

• Industrial Logistics Properties press release ( NASDAQ: ILPT ): Q3 FFO of $0.23 misses by $0.09 .
• Revenue of $103.22M (+87.7% Y/Y) misses by $2.57M .
• Same property net operating income, or NOI, and Cash Basis NOI for the quarter ended September 30, 2022 decreased 0.3% and 1.9%, respectively, compared to the prior year quarter.
• Same property NOI and Cash Basis NOI in the current quarter include $1.2 million of bad debt reserves related to certain tenants.
• Excluding these bad debt charges, same property NOI and Cash Basis NOI increased 2.6% and 1.2%, respectively

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