Industrial Logistics Properties Trust (ILPT) financial statements (2023 and earlier)

Company profile

Business Address TWO NEWTON PLACE
NEWTON, MA 02458
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29232810
Cash and cash equivalents29232810
Total current assets:29232810
Noncurrent Assets
Property, plant and equipment699709748671
Intangible assets, net (including goodwill)638413976
Intangible assets, net (excluding goodwill)638413976
Total noncurrent assets:762793886746
Other undisclosed assets1,1171,1001,540779
TOTAL ASSETS:1,9091,9162,4551,535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt12151818
Off-market lease, unfavorable12151818
Total noncurrent liabilities:12151818
Other undisclosed liabilities8588981,442488
Total liabilities:8719131,459506
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0381,0039961,028
Common stock1111
Additional paid in capital1,0121,011999998
Retained earnings34422414290
Other undisclosed stockholders' equity attributable to parent(319)(233)(146)(60)
Total stockholders' equity:1,0381,0039961,028
TOTAL LIABILITIES AND EQUITY:1,9091,9162,4551,535

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues220255 163
Revenue, net163
Operating lease, lease income220255 
Cost of revenue(30)(35)(30)(18)
Gross profit:190219(30)144
Operating expenses(87)(111)(97)(54)
Operating income (loss):103108(127)90
Nonoperating income
(Investment Income, Nonoperating)
 010
Interest and debt expense(36)(51)(51)(16)
Income (loss) from continuing operations before equity method investments, income taxes:6757(177)74
Other undisclosed income from continuing operations before income taxes1224229 
Income from continuing operations before income taxes:79815274
Income tax expense(0)(0)(0)(0)
Income before gain (loss) on sale of properties:79815274
Other undisclosed net income411  
Net income:120815274
Net income attributable to noncontrolling interest 1  
Other undisclosed net income attributable to parent  1 
Net income attributable to parent:120825274
Undistributed earnings (loss) allocated to participating securities, basic(0)   
Net income available to common stockholders, diluted:119825274

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:120815274
Comprehensive income:120815274
Comprehensive income, net of tax, attributable to noncontrolling interest 1  
Comprehensive income, net of tax, attributable to parent:120825274

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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