ILPT Q2 2023 Financial Results

Leverage Ratios and Coverage Ratios Leverage Ratios: Net debt / total gross assets Net debt / gross book value of real estate assets Net debt / total market capitalization Secured debt / total assets Variable rate debt / net debt Coverage Ratios: Net debt / annualized Adjusted EBITDAre Adjusted EBITDAre / interest expense Holland RETURN TO TABLE OF CONTENTS As of and For the Three Months Ended 6/30/2023 3/31/2023 12/31/2022 9/30/2022 68.8% 72.2% 90.6% 76.6% 63.9% 12.7x 1.1x 69.7% 72.4% 92.3% 76.0% 63.7% 12.8x 1.1x 69.7% 72.6% 92.1% 75.6% 63.5% 13.1x 1.1x 69.9% 73.1% 89.5% 75.1% 63.2% 13.7x 0.8x 6/30/2022 65.1% 73.7% 74.7% 74.7% 69.4% 12.4x 1.0x INDUSTRIAL LOGISTICS PROPERTIES TRUST 339 4000 Principio Parkway North East, MD 1,194,744 Square Feet ILPT Ownership: 100% Earnings Presentation Q2 2023 12

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