Industrial Logistics Properties Trust delivered a robust performance in Q3 2025, with normalized funds from operations (FFO) increasing by over 100% year-over-year, driven by strong leasing activity and effective refinancing strategies.

• Normalized FFO reached $17.4 million, equating to $0.26 per share, marking a significant 116% year-over-year increase.
• Same-property cash basis NOI grew by 3%, reflecting successful renewal activity and rent growth amid a competitive industrial market.
• Occupancy stood at 94.1%, outperforming the U.S. industrial average by 150 basis points, supported by solid tenant retention with 70% of leasing activity attributed to renewals.
• The leasing pipeline exceeds 8 million square feet, with expected rent roll-ups of 20% on the Mainland and 30% in Hawaii, enhancing long-term cash flow prospects.
• The company has identified three properties for sale totaling approximately 867,000 square feet, anticipated to generate around $55 million, aimed at reducing leverage ahead of debt maturity in 2032.