Industrial Logistics Property reports Q1 normalized FFO 20c vs 14c last year

“Our first quarter results continued to highlight the strong operating fundamentals of our portfolio, as the majority of our key financial metrics increased year-over-year and sequentially. Leasing velocity also remained robust, as we completed over 2.3 million square feet of leasing, including rent resets, at weighted average rental rates that were 18.9% higher than prior rental rates for the same space. Renewal activity accounted for 75% of our leasing activity which showcases the continued demand for our high-quality assets and our ability to achieve organic cash flow growth while maintaining portfolio stability,” said Yael Duffy, President and Chief Operating Officer