Indus Realty Trust Inc Stock Price, News & Analysis

INDUS Realty Trust, Inc. (Nasdaq: INDT) announced an amendment to its Credit Agreement, increasing it to $250 million. The new structure includes a $150 million delayed draw term loan with a five-year term and an amended revolving credit facility maturing in April 2025. The term loan aims to fund acquisitions and repay existing debt, with an expected interest rate of 4.15%. The company anticipates drawing $62 million to repay mortgage debt, enhancing liquidity for portfolio growth.

INDUS Realty Trust (Nasdaq: INDT) will report its financial results for Q1 2022 before market opens on May 10, 2022. A conference call will follow at 11:00 am ET on the same day, including a business update and a Q&A session. The press release and financial details will be accessible on the company's website prior to the call. Participants are encouraged to pre-register for quicker access. INDUS owns 36 industrial/logistics properties comprising approximately 5.4 million square feet across five states: Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida.

INDUS Realty Trust (Nasdaq: INDT) reported strong leasing and acquisition activity for Q1 2022, with all portfolio properties fully leased. The company acquired a 217,000 sq. ft. building in Charlotte, NC for $23.6 million and announced plans for a 280,000 sq. ft. building in Greenville/Spartanburg, SC. Total portfolio comprises 36 buildings, totaling approximately 5.4 million sq. ft. INDUS is also divesting its legacy office/flex properties, signaling a focus on industrial/logistics. The development pipeline projects total about $96 million with expected yields between 6.0% and 6.5%.

INDUS Realty Trust (NASDAQ: INDT) has declared a cash dividend of $0.16 per share for Q1 2022. This dividend will be payable on April 15, 2022, to stockholders on record as of March 31, 2022. INDUS specializes in the development, acquisition, and leasing of industrial/logistics properties, owning 36 buildings totaling approximately 5.4 million square feet across multiple states including Connecticut and Pennsylvania.

INDUS Realty Trust (Nasdaq: INDT) reported strong financial results for Q4 2021, posting a net income of $19.6 million or $1.94 per diluted share, reversing a net loss of $8.8 million in Q4 2020. Core FFO rose to $3.8 million, with NOI from industrial/logistics properties increasing 32.2% year-over-year to $8.3 million. The company acquired two industrial properties for $43.2 million and completed a public offering, generating $152.8 million. The industrial/logistics portfolio is 98.4% leased, with a planned sale of office/flex buildings to focus on industrial growth.

INDUS Realty Trust, Inc. (NASDAQ: INDT) has announced a purchase agreement to acquire a 280,000 square foot industrial/logistics building in the Greenville-Spartanburg area. This forward acquisition, set for completion in the first quarter of 2023, aims to expand INDUS's presence along the I-85 corridor, benefiting from regional economic growth and a strong manufacturing base. However, the acquisition is subject to satisfactory due diligence, and there is no guarantee it will proceed as planned.

INDUS Realty Trust, Inc. (Nasdaq: INDT) announced its intention to sell its Office/Flex Portfolio, which consists of seven buildings totaling approximately 175,200 square feet in Windsor and Bloomfield, Connecticut. Currently 70% leased, this move will enable INDUS to fully exit its legacy office investments. Alongside this, INDUS plans to sell an additional 18,000 square foot building used for storage. Post-sale, INDUS will operate as a dedicated industrial/logistics REIT, focusing on high-growth markets.

INDUS Realty Trust, Inc. (Nasdaq: INDT) will participate in the Citi 2022 Global Property CEO Conference from March 7-9, 2022, at the Diplomat Beach Resort in Hollywood, Florida. The President and CEO, Michael Gamzon, will present on March 9 at 9:00 a.m. ET, followed by a Q&A session, which will be broadcast live and available for one year. An updated investor presentation will be accessible on the company’s website starting March 7. INDUS focuses on developing and managing industrial/logistics properties across multiple states, with 36 buildings totaling 5.4 million square feet.

INDUS Realty Trust, Inc. (NASDAQ: INDT) will announce its financial results for the quarter and year ending December 31, 2021, before the market opens on March 7, 2022. The company plans to hold a conference call at 10:00 am ET on the same day to discuss these results and provide a business update. Participants can pre-register for the call to receive an access code, and a listen-only webcast will also be available. INDUS operates 36 industrial/logistics buildings across multiple states, totaling approximately 5.4 million square feet.