Industrial logistics properties trust (ILPT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
REVENUES:
Rental income

64,278

62,199

60,958

60,090

45,987

42,074

40,431

39,420

40,605

55,585

33,624

33,427

33,870

Tenant reimbursements and other income

-

-

-

-

-

-

-

-

-

-

5,442

5,178

5,570

Total revenues

-

-

-

-

-

-

-

-

-

-

39,066

38,605

39,440

Expenses:
Real estate taxes

8,811

8,721

8,586

7,495

5,565

5,233

4,942

4,582

4,585

4,611

4,579

4,339

4,339

Other operating expenses

5,181

5,238

4,821

4,198

3,386

3,355

3,281

2,824

3,545

2,753

2,727

2,701

2,732

Depreciation and amortization

18,290

18,039

17,568

16,709

9,611

7,660

7,152

6,890

6,873

6,839

6,810

6,855

6,811

Acquisition and transaction related costs

-

-

-

-

-

-

-

-

-

-

925

-

-

General and administrative

4,831

4,058

4,475

4,856

3,800

2,921

2,924

2,888

2,574

9,053

546

2,564

4,636

Total expenses

37,113

36,056

35,450

33,258

22,362

19,169

18,299

17,184

17,577

23,356

15,587

16,459

18,518

Operating income

-

-

-

-

-

-

-

-

-

-

23,479

22,146

20,922

Interest income

111

163

81

138

361

66

71

50

13

0

0

0

0

Interest expense (including net amortization of debt issuance costs, premiums and discounts of $586 and $403, respectively)

14,519

14,641

14,687

13,924

7,596

4,675

4,052

3,552

3,802

759

565

560

555

Income before income tax expense and equity in earnings of an investee

12,757

11,665

10,902

13,046

16,390

18,296

18,151

18,734

19,239

15,280

22,914

21,586

20,367

Income tax expense

63

40

63

60

8

8

9

8

7

11

11

11

11

Equity in earnings of an investee

0

49

83

130

404

0

0

0

0

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

12,694

-

-

-

16,786

-

-

-

-

-

-

-

-

Net loss attributable to noncontrolling interest

-152

-

-

-

0

-

-

-

-

-

-

-

-

Net income attributable to common shareholders

12,846

11,674

10,922

13,116

16,786

18,288

18,142

18,726

19,232

15,269

22,903

21,575

20,356

Other comprehensive income:
Equity in unrealized gains of an investee

0

-

-46

71

66

-

0

0

0

-

-

-

-

Other comprehensive income

0

-

-46

71

66

-

0

0

0

-

-

-

-

Comprehensive income attributable to common shareholders

12,846

-

10,876

13,187

16,852

-

18,142

18,726

19,232

-

-

-

-

Weighted average common shares outstanding - basic (in shares)

65,075

65,070

65,055

65,039

65,032

65,078

65,022

65,011

61,445

-

-

-

-

Weighted average common shares outstanding - diluted (in shares)

65,082

65,076

65,060

65,043

65,041

65,082

65,022

65,011

61,445

-

-

-

-

Weighted average common shares outstanding - basic and diluted (in shares)

-

-

-

-

-

-

-

-

-

-

45,000

45,000

45,000

Net income attributable to common shareholders (in dollars per share)

0.20

0.18

0.17

0.20

0.26

0.28

0.28

0.29

0.31

0.34

0.51

0.48

0.45