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Stock impact report

Industrial Logistics Properties Trust Announces Fourth Quarter and Year End 2019 Results

Industrial Logistics Properties Trust - Common Shares of Beneficial Interest (ILPT) 
Last industrial logistics properties trust - common shares of beneficial interest earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Business Wire
Fourth Quarter Net Income of $0.18 Per ShareFourth Quarter Normalized FFO of $0.46 Per ShareFourth Quarter Same Property Cash Basis NOI Increased by 5.5% Compared to the Same Period Last YearCompleted First Joint Venture, Raising Equity Capital to Reduce Debt at Net Asset Value NEWTON, Mass.--(BUSINESS WIRE)--Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced financial results for the quarter and year ended December 31, 2019.John Murray, President and Chief Executive Officer of ILPT, made the following statement:“We saw continued solid performance in the fourth quarter, executing on our business plan with strong leasing activity and rent growth that resulted in a same property Cash Basis NOI increase of 5.5%. We are also happy to have completed two exciting transactions subsequent to year end, closing our first joint venture on a portfolio of U.S. mainland properties which will reduce our leverage and demonstrates the value of our mainland portfolio, and acquiring Show less Read more
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