工业物流房地产信托 2026年季度报告

WASHINGTON, D.C. 20549 FORM10-Q OR INDUSTRIAL LOGISTICS PROPERTIES TRUST 617-219-1460(Registrant’s Telephone Number,Including Area Code) Securities Registered Pursuant to Section 12(b) of the Act: Name Of Each Exchange On Which RegisteredThe Nasdaq Stock Market LLC ILPT Indicate by check mark whether the registrant:(1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ Number of registrant’s common shares of beneficial interest, $.01 par value per share, outstanding as of July27, 2026: 66,745,881. INDUSTRIAL LOGISTICS PROPERTIES TRUSTFORM10-Q June30, 2026 INDEX PagePARTIFinancialInformation3Item 1.Financial Statements (unaudited)3Condensed Consolidated Balance Sheets — June 30, 2026 and December 31, 20253Condensed Consolidated Statements of Comprehensive Income (Loss) — Three and Six Months EndedJune 30, 2026 and 20254Condensed Consolidated Statements of Shareholders’ Equity — Three and Six Months EndedJune 30, 2026 and 20255Condensed Consolidated Statements of Cash Flows — Six Months Ended June 30, 2026 and 20256Notes to Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations18Item 3.Quantitative and Qualitative Disclosures About Market Risk29Item 4.Controls and Procedures30Warning Concerning Forward-Looking Statements31Statement Concerning Limited Liability32PARTIIOther Information33Item 1A.Risk Factors33Item 2.Unregistered Sales of Equity Securities and Use of Proceeds33Item 6.Exhibits34Signatures35 References in this Quarterly Report on Form10-Q to the Company, we, us or our include Industrial Logistics Properties Trust and itsconsolidated subsidiaries unless otherwise expressly stated or the context indicates otherwise. INDUSTRIAL LOGISTICS PROPERTIES TRUSTCONDENSED CONSOLIDATED BALANCE SHEETS(dollars in thousands, except per share data)(unaudited) INDUSTRIAL LOGISTICS PROPERTIES TRUSTCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(amounts in thousands, except per share data)(unaudited) INDUSTRIAL LOGISTICS PROPERTIES TRUSTCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(dollars in thousands)(unaudited) The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents reported within thecondensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows: (1)Restricted cash and cash equivalents consist of cash held for the operations of our consolidated joint venture and amounts escrowed as required by the agreementsgoverning certain of our mortgage debt. The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.7 INDUSTRIAL LOGISTICS PROPERTIES TRUSTNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except per share data) Note 1. Basis of Presentation The accompanying condensed consolidated financial statements of Industrial Logistics Properties Trust and its consolidatedsubsidiaries, or the Company, or ILPT, are unaudited. Certain information and disclosures required by U.S. generally accepted accountingprinciples, or GAAP, for complete financial statements have been condensed or omitted. We believe the disclosures made are adequate tomake the information presented not misleading. However, the accompanying condensed consolidated financial statements should be readin conjunction with the consolidated financial statements and notes contained in our Annual Report on Form10-K for the year endedDecember31, 2025, or our 2025 Annual Report. Certain prior period amounts have been reclassified to conform to