Industrial Logistics Property Trust reports Q4 FFO 29c, consensus 28c

CEO Yaei Duffy said, “We finished the year with exceptional momentum, delivering one of the strongest quarters in ILPT‘s history. In the fourth quarter, Normalized FFO grew 113% and same property Cash Basis NOI rose 5.2%, year over year, highlighting the strength of our industrial portfolio and the successful execution of our strategic initiatives. We achieved record quarterly leasing volume, completing approximately 4.0 million square feet at a weighted average rent-roll up of 25.7% and ending the quarter with consolidated occupancy of 94.5%. For the full year, ILPT generated a total shareholder return of more than 55%, outperforming the industrial sector benchmark and ranking third among all U.S. REITs.”