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INDUS Realty Trust Inc - INDT STOCK NEWS

Welcome to our dedicated news page for INDUS Realty Trust (Ticker: INDT), a resource for investors and traders seeking the latest updates and insights on INDUS Realty Trust.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect INDUS Realty Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of INDUS Realty Trust's position in the market.

Rhea-AI Summary
INDUS Realty Trust, Inc. has completed a merger with affiliates of Centerbridge Partners and GIC in an all-cash transaction valued at approximately $868 million. The Abu Dhabi Investment Authority will also act as a strategic investor. INDUS' common stock will be delisted from Nasdaq.
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INDUS Realty Trust, Inc. has received clearance from the Committee on Foreign Investment in the United States (CFIUS) for its merger agreement. The parties expect to close the merger on June 29, 2023.
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Rhea-AI Summary
INDUS Realty Trust, Inc. reported financial results for Q1 2023. Net loss of $5.8 million compared to net income of $0.3 million in Q1 2022. Core FFO from continuing operations increased to $5.3 million from $4.0 million. NOI from continuing operations increased to $10.5 million from $8.7 million. Executed one first generation lease totaling 99,176 square feet. Quarterly cash dividend of $0.18 per share announced. Entered into a definitive merger agreement with Centerbridge Partners and GIC Real Estate for $67.00 per share.
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INDUS Realty Trust Inc

Nasdaq:INDT

INDT Rankings

INDT Stock Data

683.16M
Other Activities Related to Real Estate
Real Estate and Rental and Leasing
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About INDT

at griffin industrial realty, we develop and manage industrial & commercial facilities that help your business succeed. we are strategic, responsive and quality-driven property owners, developers and managers. we provide tenants with high-performing and flexible facilities, full-service in-house expertise, close, trusting partnerships, and unmatched value. our properties are located in prime strategic locations that offer valuable economic development benefits and numerous regional amenities.