Question · Q2 2025
Jyoti Yadav, on behalf of Mitch Germain, inquired about any one-time items in the quarter's earnings, such as lease termination fees. She also asked about the company's plans to refinance its $1.4 billion joint venture debt and whether to expect more asset sales in the near future.
Answer
CFO & Treasurer Tiffany Sy confirmed a $1.75 million remediation payment related to a scheduled lease termination and stated that the company is actively evaluating refinancing options for the JV debt. President & COO Yael Duffy added that while no other asset sales are currently in progress, additional dispositions could be considered in late 2025 or early 2026.
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