ILPT Q2 2023 Financial Results

Condensed Consolidated Balance Sheets (dollars in thousands, except per share data) ASSETS Real estate properties: Land Buildings and improvements Total real estate properties, gross Accumulated depreciation Total real estate properties, net Assets of properties held for sale Investment in unconsolidated joint venture Acquired real estate leases, net Cash and cash equivalents Restricted cash Rents receivable, including straight line rents of $87,797 and $80,710, respectively Other assets, net Total assets LIABILITIES AND EQUITY Mortgages and notes payable, net Liabilities of properties held for sale Accounts payable and other liabilities Assumed real estate lease obligations, net Due to related persons Total liabilities Commitments and contingencies Equity: Equity attributable to common shareholders: Common shares of beneficial interest, $.01 par value: 100,000,000 shares authorized; 65,697,959 and 65,568,145 shares issued and outstanding, respectively Additional paid in capital Cumulative net income Cumulative other comprehensive income Cumulative common distributions Total equity attributable to common shareholders Total equity attributable to noncontrolling interest Total equity Total liabilities and equity Holland RETURN TO TABLE OF CONTENTS $ $ $ $ June 30, 2023 1,112,598 4,031,041 5,143,639 (330,879) 4,812,760 37,261 129,082 267,889 71,695 138,673 110,638 94,082 5,662,080 $ 4,301,276 31 73,916 20,420 5,148 4,400,791 657 1,015,138 66,548 26,487 $ $ (364,533) 744,297 516,992 1,261,289 5,662,080 $ December 31, 2022 1,117,779 4,058,329 5,176,108 (273,467) 4,902,641 124,358 297,445 48,261 92,519 107,011 103,931 5,676,166 4,244,501 73,547 22,523 4,824 4,345,395 656 1,014,201 117,185 21,903 (363,221) 790,724 540,047 1,330,771 5,676,166 INDUSTRIAL LOGISTICS PROPERTIES TRUST 27200 SW 127th Avenue Homestead, FL 237,756 Square Feet ILPT Ownership: 100% Earnings Presentation Q2 2023

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