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INDUS Realty Trust, Inc. (Nasdaq: INDT) announced the repayment of a
INDUS Realty Trust, Inc. (Nasdaq: INDT) announced its participation in the Bank of America Securities 2022 Global Real Estate Conference on September 13-14, 2022, at the Conrad New York Downtown Hotel. The company plans to host individual meetings with investors during the event. Presentation materials will be available on the company’s website by the start of the conference. INDUS focuses on developing and managing industrial/logistics properties and owns 39 buildings across five states, totaling approximately 5.7 million square feet.
INDUS Realty Trust (Nasdaq: INDT) reported a strong performance for Q2 2022, achieving a net income of $2.8 million ($0.27 per diluted share) compared to a net loss of $1.2 million in Q2 2021. Core FFO from continuing operations rose to $5.0 million ($0.48 per diluted share), along with a 26% increase in rental revenue to $11.7 million. The company’s stabilized portfolio remains fully leased at 100%, with significant recent acquisitions and lease agreements. INDUS maintains strong liquidity at $266.7 million and declared a quarterly dividend of $0.16 per share, reinforcing its commitment to shareholder returns.
INDUS Realty Trust, Inc. (Nasdaq: INDT) will release its financial results for Q2 2022 on August 8, 2022. A conference call is scheduled for August 9 at 11:00 AM ET to discuss the results and provide a business update. Interested participants can pre-register for the call. The company operates 39 industrial/logistics properties totaling approximately 5.7 million square feet across Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida. Additional financial information will be available on INDUS' website.
INDUS Realty Trust, Inc. (NASDAQ: INDT) reported significant updates for Q2 2022, including the acquisition of a 205,000 sq. ft. portfolio in Florida, boosting its footprint in the region. The company also completed leases totaling 358,000 sq. ft., with a stabilized portfolio that was fully leased. A $250 million credit facility was established to enhance liquidity, allowing for debt repayment and no fixed-rate debt maturities until 2027. With a total of 5.7 million sq. ft. across 39 buildings, INDUS aims for a cash NOI yield of 6.0% to 6.5% from its development pipeline.
INDUS Realty Trust, Inc. (NASDAQ: INDT) has declared a cash dividend of $0.16 per share for Q2 2022, payable on July 15, 2022, to shareholders on record as of June 30, 2022. The company operates in the industrial/logistics real estate sector, owning 38 properties totaling approximately 5.6 million square feet across five states: Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida. Forward-looking statements indicate potential risks that could affect dividend payments, emphasizing uncertainties in the current economic environment.
INDUS Realty Trust, Inc. (Nasdaq: INDT) has successfully completed the acquisition of a fully leased, approximately 205,000 square foot portfolio in Orlando and Palm Beach, Florida, for
INDUS Realty Trust, Inc. (NASDAQ: INDT) announced participation in Nareit’s REITweek 2022 Investor Conference, scheduled from June 7th to June 9th at the New York Hilton Midtown. Management will present on June 7 from 3:00 pm to 3:30 pm ET. Updated materials will be available on their website on the evening of June 6. INDUS primarily develops and manages industrial/logistics properties, owning 35 buildings totaling approximately 5.4 million square feet across Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida.
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INDUS Realty Trust, Inc. (Nasdaq: INDT) announced its inclusion in the MSCI US REIT Index effective May 31, 2022, as part of the May 2022 Semi-Annual Index Review. This addition enhances INDUS's visibility and credibility in the market, potentially attracting more institutional investors. INDUS currently owns 35 industrial/logistics properties totaling approximately 5.4 million square feet across several U.S. states, including Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida.
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