Industrial Log Prop | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 110.94 M

Revenue: As of FY2025 Q3, the actual value is USD 110.94 M, missing the estimate of USD 111.93 M.

EPS: As of FY2025 Q3, the actual value is USD -0.33.

EBIT: As of FY2025 Q3, the actual value is USD 91.13 M.

Segment Revenue

• Rental Income: For the three months ended September 30, 2025, rental income was $110,936, an increase from $108,945 in the same period in 2024, representing a 1.8% increase.
• Rental Income: For the nine months ended September 30, 2025, rental income was $334,938, an increase from $331,801 in the same period in 2024, representing a 0.9% increase.

Operational Metrics

• Net Loss: For the three months ended September 30, 2025, net loss was $30,431, compared to $35,407 in the same period in 2024, representing a 14.1% decrease.
• Net Loss: For the nine months ended September 30, 2025, net loss was $91,994, compared to $102,788 in the same period in 2024, representing a 10.5% decrease.
• Depreciation and Amortization: For the three months ended September 30, 2025, depreciation and amortization was $41,034, compared to $43,205 in the same period in 2024, representing a 5.0% decrease.
• Depreciation and Amortization: For the nine months ended September 30, 2025, depreciation and amortization was $123,995, compared to $130,203 in the same period in 2024, representing a 4.8% decrease.
• General and Administrative Expenses: For the three months ended September 30, 2025, general and administrative expenses were $10,586, compared to $7,237 in the same period in 2024, representing a 46.3% increase.
• General and Administrative Expenses: For the nine months ended September 30, 2025, general and administrative expenses were $28,486, compared to $22,865 in the same period in 2024, representing a 24.6% increase.

Cash Flow

• Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $52,494, compared to $15,426 in the same period in 2024.
• Net Cash Used in Investing Activities: For the nine months ended September 30, 2025, net cash used in investing activities was $1,356, compared to net cash provided by investing activities of $20,048 in the same period in 2024.
• Net Cash Used in Financing Activities: For the nine months ended September 30, 2025, net cash used in financing activities was $115,914, compared to $16,266 in the same period in 2024.

Unique Metrics

• Interest Expense: For the three months ended September 30, 2025, interest expense was $63,470, compared to $73,936 in the same period in 2024, representing a 14.2% decrease.
• Interest Expense: For the nine months ended September 30, 2025, interest expense was $201,197, compared to $220,797 in the same period in 2024, representing an 8.9% decrease.

Future Outlook and Strategy

• Core Business Focus: ILPT plans to maintain high occupancy rates and renew or extend leases as they approach expiration. The company aims to leverage the strategic importance of its properties to tenants to ensure lease renewals and extensions.
• Non-Core Business: ILPT has two properties under agreements or letters of intent to sell for an aggregate sales price of $51,650, excluding closing costs. The company may not complete the sales of all properties currently planned for sale and may incur losses on any such sales.