Indus Realty Trust Inc

Indus Realty Trust, Inc. engages in the developing, managing and leasing industrial/warehouse properties. The company was founded in 1970 and is headquartered in New York, NY.

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Pressured by global recession concerns, Industrial REITs dipped by 30% in 2022 - the sector's worst year on record- snapping a seven-year streak of outperformance over the broader REIT Index. The frenzied investment in logistics space clashed with already-tight supply, fueling an incredible surge in rent growth across logistics and warehouse properties. Market rents have soared 50% since early 2021.

Industrial REITs: Shortages Become Gluts

NEW YORK--( BUSINESS WIRE )--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced the following leasing, acquisition, development and business updates for the three months ended December 31, 2022:

INDUS Announces 2022 Fourth Quarter Leasing, Pipeline and Corporate Updates

On November 28, INDUS Realty received a non-binding acquisition proposal from Centerbridge and GIC for $65 per share in cash. At $65 per share, the proposal works out to an implied cap rate of 5.6% on expected 2023 NOI.

INDUS Realty: $65 Offer Is Too Low

NEW YORK--( BUSINESS WIRE )--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”) a U.S.-based industrial/logistics REIT, announced that its Board of Directors has declared a cash dividend of $0.18 per share of common stock for the fourth quarter of 2022 which represents a 12.5% increase over the prior quarter. The dividend will be payable on January 17, 2023 to stockholders of record on December 30, 2022.

Indus Announces Quarterly Cash Dividend

NEW YORK--( BUSINESS WIRE )--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”) a U.S.-based industrial/logistics REIT, announced that the Company has completed the sale of its office/flex portfolio, including a small storage building used in the operations of the portfolio (the “Office/Flex Portfolio”), for a sale price of $11.0 million.

INDUS Completes Sale of Office/Flex Portfolio for $11.0 Million

Shares of INDUS Realty Trust Inc. INDT, +0.40% shot up 10.0% toward a three-month high in premarket trading Monday, after the developer, manager and leaser of industrial/warehouse properties said a received an "unsolicited" buyout bid from private investment firms Centerbridge Partners L.P. and GIC Real Estate.

INDUS Realty Trust stock jumps after receiving cash buyout bid at a more than 13% premium

NEW YORK--( BUSINESS WIRE )--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced it received on November 27, 2022 an unsolicited, non-binding proposal from Centerbridge Partners, L.P.—which currently owns approximately 14.8% of the Company's common stock—and GIC Real Estate, to acquire 100% of the outstanding shares of the Company's common stock that Centerbridge does not already own for cash consideration of $65.00 per share.

INDUS Realty Trust Receives Unsolicited, Non-Binding Acquisition Proposal

INDUS Realty Trust, Inc. (NASDAQ:INDT ) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET Company Participants Ashley Pizzo - Vice President, Capital Markets and IR Michael Gamzon - Chief Executive Officer Jon Clark - Chief Financial Officer Conference Call Participants Dave Rodgers - Baird Craig Mailman - Citi Tom Catherwood - BTIG Mitch Germain - JMP Securities Operator Good morning. And welcome to INDUS Realty Trust 2022 Third Quarter Earnings Conference Call.

INDUS Realty Trust, Inc. (INDT) Q3 2022 Earnings Call Transcript

NEW YORK--( BUSINESS WIRE )--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced that members of the Company's senior management team are scheduled to participate in the Nareit REITworld 2022 Annual Conference taking place from November 15-17, 2022 at the San Francisco Marriott Marquis Hotel in San Francisco, California.

INDUS to Participate in Nareit REITworld 2022 Annual Conference

NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, reported financial results for the quarter ended September 30, 2022: 2022 Third Quarter Highlights Net income of $1.1 million, or $0.11 per diluted share, for the 2022 third quarter compared to a net loss of $3.5 million, or $0.46 per diluted share, for the 2021 third quarter Core Funds from Continuing Operations (“Core FFO from continuing operations”)1 of $5.7

INDUS Announces Third Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced the following leasing, acquisition, development and business updates for the three months ended September 30, 20221: Highlights Executed 5 leases totaling approximately 418,000 square feet across the Company's portfolio. Completed and placed into service two development projects in the Hartford, Connecticut and Orlando, Florida markets totaling approxi

INDUS Announces 2022 Third Quarter Leasing, Pipeline and Corporate Updates

NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced that it will release its financial results for the three months ended September 30, 2022, after the market closes on Monday, November 7, 2022. The Company will hold a conference call on Tuesday, November 8, 2022, at 10:00 am Eastern Time to discuss its results and provide a business update, followed by a live question and answer session. The Company's

INDUS Announces 2022 Third Quarter Earnings Call

NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced that the Company's President and Chief Executive Officer, Michael Gamzon, has signed the CEO Action for Diversity & InclusionTM pledge (the “CEO Action Pledge”) as well as endorsed the United Nations Women's Empowerment Principles (“WEPs”). The CEO Action Pledge is the largest CEO-driven business commitment to elevate diversity and inclusion in the

INDUS Signs CEO Action Pledge for Diversity & Inclusion and Endorses UN Women's Empowerment Principles

NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced that it has repaid its $26.3 million construction loan using cash on hand. As a result of the paydown, the Company has no floating rate debt outstanding and no debt maturities prior to 2027. Additionally, the property located at 9817 Old Statesville Road in Charlotte, North Carolina, which was previously encumbered by the loan, has become an unencumber

INDUS Announces Repayment of Construction Loan

INDT is an East Coast industrial REIT with an in-house development arm. The portfolio is growing rapidly this year, and both internal and external growth are surging.

INDUS Realty Trust: Solid Portfolio And Balance Sheet But Way Overvalued

NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced today that members of the Company's senior management team are scheduled to participate in the Bank of America Securities 2022 Global Real Estate Conference taking place on September 13-14, 2022 at the Conrad New York Downtown Hotel in New York, NY. INDUS will host individual meetings with investors during the conference. The Company's presentation mat

INDUS to Participate in Bank of America Securities 2022 Global Real Estate Conference

INDUS Realty Trust, Inc. (NASDAQ:INDT ) Q2 2022 Results Conference Call August 9, 2022 11:00 AM ET Company Participants Ashley Pizzo - VP of Capital Markets & Investor Relations Michael Gamzon - Chief Executive Officer Jon Clark - Chief Financial Officer Conference Call Participants Tom Catherwood - BTIG Dave Rodgers - Baird Connor Siversky - Berenberg Mitch Germain - JMP Securities Operator Good morning and welcome to the INDUS Realty Trust's 2022 Second Quarter Earnings Conference Call. This call will be followed by a question-and-answer session.

INDUS Realty Trust, Inc. (INDT) CEO Michael Gamzon on Q2 2022 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, today reported financial results for the quarter ending June 30, 2022 (the “2022 second quarter”). 2022 Second Quarter Highlights Net income of $2.8 million, or $0.27 per diluted share, for the 2022 second quarter compared to a net loss of $1.2 million, or $0.15 per diluted share, for the quarter ending June 30, 2021 (the “2021 second quarter”) Core Funds from C

INDUS Announces Second Quarter 2022 Results

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These are 6 REITs to sell now. They are not worth investing in as they have little or no income or they cannot afford their distributions, which REITs are required to make if they have income.

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NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced today that it will release its financial results for the three months ended June 30, 2022 (the “2022 second quarter”) after the market closes on Monday, August 8, 2022. The Company will hold a conference call on Tuesday, August 9, 2022, at 11:00 am Eastern Time to discuss its results and provide a business update, followed by a live question and answer

INDUS Announces 2022 Second Quarter Earnings Call

NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced the following updates on leasing, its acquisition pipeline, development pipeline and corporate updates for the three months ended June 30, 2022 (the “2022 second quarter”)1: Highlights Completed the acquisition of a fully leased, approximately 205,000 square foot portfolio of last-mile facilities located in the Orlando and Palm Beach, Florida markets C

Indus Announces 2022 Second Quarter Leasing, Pipeline and Corporate Updates

NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced today that it has closed on the purchase of a fully leased, approximately 205,000 square foot portfolio (the “Florida Portfolio Acquisition”) located in the Orlando and Palm Beach, Florida markets. The Company used cash on hand to pay the $31.6 million purchase price before transaction costs, which equates to an in-place cash capitalization rate of app

INDUS Announces the Acquisition of a 205,000 Square Foot Portfolio in Orlando and Palm Beach

NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced today that it will be meeting with investors and others at Nareit's REITweek 2022 Investor Conference, to be held June 7th through June 9th at the New York Hilton Midtown Hotel in New York City. Management will also deliver a presentation on Tuesday, June 7th from 3:00 pm to 3:30 pm Eastern Time. In connection with the conference, INDUS will be sharing

INDUS to Participate at Nareit's REITweek 2022 Investor Conference

NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced today that the Company was recognized as a 2022 Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy's Better Buildings Alliance at the Better Buildings, Better Plants Summit. INDUS received the Green Lease Leaders Silver designation in recognition of its innovation in environmental stewardship, including coll

INDUS Recognized as a 2022 Green Lease Leader

NEW YORK--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, today announced that effective as of the close of market on May 31, 2022, INDUS will be added to the MSCI US REIT Index, as part of the May 2022 Semi-Annual Index Review for the MSCI Equity Indexes. About MSCI(1) MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in rese

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