ILPT Q4 2024 Earnings Call Transcript Summary
ILPT reported Q4 2024 earnings with stable occupancy at 94.4% and a weighted average lease term of seven years. The company highlighted strong leasing performance in Hawaii, with new leases achieving a 21.3-year weighted average lease term and rental rates 39.3% higher than previous rents. The top 10 tenants accounted for 48% of annualized rental revenues.
Topics: leasing activity occupancy rates portfolio performance real estate revenue growth