ILPT Q2 2023 Financial Results

Condensed Consolidated Statements of Income (Loss) (amounts in thousands, except percentage data and per share data) Three Months Ended June 30, 2023 2022 107,222 108,043 $ Rental income Expenses: Real estate taxes Other operating expenses Depreciation and amortization General and administrative Loss on impairment of real estate Total expenses Interest and other income Interest expense (including net amortization of debt issuance costs, premiums and discounts of $6,721, $34,448, $13,434, and $54,769, respectively) Loss on sale of real estate Loss on equity securities Loss on early extinguishment of debt Loss before income tax expense and equity in earnings of unconsolidated joint venture Income tax expense Equity in earnings of unconsolidated joint venture Net loss Net loss attributable to noncontrolling interest Net loss attributable to common shareholders Weighted average common shares outstanding - basic and diluted Per common share data (basic and diluted): Net loss attributable to common shareholders Additional data: General and administrative expenses / total assets (at end of period) Non-cash straight line rent adjustments included in rental income Lease value amortization included in rental income Lease termination fees included in rental income Holland RETURN TO TABLE OF CONTENTS $ $ $ LA LA LA $ $ $ 15,100 8,519 44,909 8,131 254 76,913 1,797 (71,846) (359) (39,278) (45) 2,743 (36,580) 10,752 (25,828) $ 65,369 (0.40) 0.1% 3,355 242 $ $ LA LA LA $ $ 13,275 7,053 42,699 9,709 100,747 173,483 354 (77,548) (10) (9,450) (152,915) (16) 1,610 (151,321) 7,782 (143,539) $ 65,221 (2.20) $ 0.2% 3,220 3,695 30 $ $ LA LA LA $ $ Six Months Ended June 30, 2023 2022 178,597 218,301 $ 31,567 17,837 90,366 16,038 254 156,062 2,943 (142,617) (974) (359) (78,768) (62) 6,704 (72,126) 21,489 (50,637) 65,339 (0.77) $ $ 0.3% 7,117 $ 512 $ $ 22,711 13,825 65,577 15,786 100,747 218,646 832 (118,547) (10) (5,758) (828) (164,360) (85) 3,337 (161,108) 11,055 (150,053) 65,217 (2.30) 0.3% 4,376 4,015 30 INDUSTRIAL LOGISTICS PROPERTIES TRUST 8411 Florida Mining Boulevard Tampa, FL 174,975 Square Feet ILPT Ownership: 61% Earnings Presentation Q2 2023 8

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