ILPT — what changed in the latest 10-Q
A section-by-section comparison of ILPT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-28 vs the prior 10-Q · 2026-07-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +24 | −21 | ~43 | 40 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 3 |
| Controls & procedures | Text added/removed | +2 | −1 | ~2 | 25 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-28
(1)Based on annualized rental revenues as of September 30, 2026.
Occupancy data for our portfolio as of September 30, 2026 and 2025 were as follows (square feet in thousands):
Equity in (losses) earnings of unconsolidated joint venture(19,004)2,236 (21,240)n/m
Weighted average common shares outstanding (basic and diluted)66,338 66,089 249 0.4%
Net loss per share attributable to common shareholders (basic and diluted)$(0.46)$(0.33)$(0.13)(39.4)%
Text removed vs the prior filing · source: 10-Q · 2026-07-29
Occupancy data for our portfolio as of June 30, 2026 and 2025 were as follows (square feet in thousands):
Weighted average common shares outstanding (basic and diluted)66,224 65,927 297 0.5%
Net loss per share attributable to common shareholders (basic and diluted)$(0.22)$(0.32)$0.10 31.3%
(1)Consists of properties that we have owned continuously since April 1, 2025.
Rental income. Rental income increased primarily due to increases from our net leasing activity and increases in real estate tax reimbursements at certain of our properties, partially offset by a $2,575 bad debt reserve for six of our Hawaii properties.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-10-28
•Risks and uncertainties regarding any potential redevelopments and our ability to increase rents as a result of such redevelopments,
•Our ability to sell additional equity interests in, or contribute additional properties to, our existing joint ventures, to enter into additional real estate joint ventures or to attract co-venturers and benefit from our existing joint ventures or any real estate joint ventures we may enter into,
Text removed vs the prior filing · source: 10-Q · 2026-07-29
•Our ability to sell additional equity interests in, or contribute additional properties to, our existing joint ventures, to enter into additional real estate joint ventures or to attract co-venturers and benefit from our existing joint ventures or any real estate joint ventures we may enter into,
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice