Industrial Logistics Properties Trust Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerators: | |||||||||||||||||
| Net loss attributable to common shareholders | $ | (66,187) | $ | (95,669) | $ | (107,989) | |||||||||||
Loss attributable to participating unvested share awards | (44) | (11) | (10) | ||||||||||||||
| Net loss attributable to common shareholders used in calculating earnings per share | $ | (66,231) | $ | (95,680) | $ | (107,999) | |||||||||||
| Denominators: | |||||||||||||||||
| Weighted average common shares outstanding (basic and diluted) | 66,006 | 65,697 | 65,430 | ||||||||||||||
| Net loss attributable to common shareholders per common share (basic and diluted) | $ | (1.00) | $ | (1.46) | $ | (1.65) | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 20, 2024 | |
| 2022 | Feb 14, 2023 | |
| 2021 | Feb 15, 2022 | |
| 2020 | Feb 18, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.