Indus Realty Trust Inc Stock Price, News & Analysis

INDUS Realty Trust, Inc. (Nasdaq: INDT) has appointed Michael Simanovsky as an independent director on its Board of Directors effective January 15, 2022. Mr. Simanovsky, founder of Conversant Capital LLC, brings extensive experience in real estate and capital markets. He replaces Ardevan Yaghoubi, who resigned from the Board. This leadership change aims to strengthen INDUS's position as a leading industrial/logistics REIT.

INDUS Realty Trust, Inc. (NASDAQ: INDT) reported significant leasing and acquisition activity for Q4 2021. Highlights included the development of a 141,000 sq. ft. facility for Amazon, acquisitions totaling $43.2 million for properties in Charlotte and Charleston, and a total acquisition pipeline worth $104.3 million. Their stabilized portfolio was fully leased at 100% as of December 31, 2021. The company also completed a public offering generating $152.8 million in proceeds. The development pipeline expects costs of $92.8 million with a projected cash NOI yield of 5.8% to 6.3%.

INDUS Realty Trust, Inc. (Nasdaq: INDT) has declared a cash dividend of $0.16 per share for Q4 2021, marking a 6.7% increase from Q3 2021. The dividend is set to be paid on January 14, 2022, to shareholders on record as of December 30, 2021. INDUS operates primarily in industrial and logistics properties, with a portfolio of 35 buildings totaling approximately 5.2 million square feet across several states including Connecticut and Florida. The company emphasizes future growth while acknowledging uncertainties that may affect its projections.

INDUS Realty Trust, Inc. (NASDAQ: INDT) has announced two agreements to acquire industrial/logistics buildings in Charlotte, North Carolina, totaling approximately $44.8 million. The first property is a recently constructed building with a short-term lease, expected to close in Q1 2022. The second is a to-be-constructed building slated for delivery vacant in Q1 2023. With these acquisitions, INDUS aims to strengthen its portfolio in a thriving market characterized by strong absorption and rent growth.

INDUS Realty Trust (NASDAQ: INDT) has successfully acquired a 57%-leased industrial/logistics property in Charleston, South Carolina, for $28.6 million, marking its entry into the Charleston market. The property spans approximately 197,000 square feet and is expected to stabilize at a cash capitalization rate of 4.6%. Additionally, INDUS has announced plans for a second acquisition in Charleston, valued at $28.0 million, anticipated to complete in Q4 2022. The CEO expressed confidence in the Charleston market's growth, supported by manufacturing and population trends.

INDUS Realty Trust (Nasdaq: INDT) will participate in the Nareit REITworld 2021 Annual Investor Conference from November 9-11, 2021. The company will share an updated investor presentation on its website on November 8, 2021. INDUS focuses on developing, acquiring, managing, and leasing industrial/logistics properties, owning 45 buildings totaling approximately 5.5 million square feet across multiple states, including Connecticut, Pennsylvania, North Carolina, and Florida, along with over 3,100 acres of undeveloped land.

INDUS Realty Trust (Nasdaq: INDT) reported a net loss of $3.5 million, or $0.46 per share, for Q3 2021, marking an increase from a $0.7 million loss in Q3 2020. Core Funds from Operations rose to $4.0 million, driven by an increase in rental revenue, which reached approximately $10.8 million due to acquisitions and new leases. The industrial portfolio remains robust, with a leasing rate of 95.4%. Recent acquisitions include properties in Florida, Tennessee, and North Carolina, totaling over $65 million. The company also secured a $100 million revolving credit facility and completed a public offering for net proceeds of $152.8 million.

INDUS Realty Trust (Nasdaq: INDT) has successfully acquired a fully leased industrial/logistics building in Charlotte, NC, for $14.6 million, with an approximate cash capitalization rate of 4.6%. This acquisition enhances INDUS's presence in a high-demand market with significant barriers to entry for new supply. Additionally, INDUS has completed a 141,000 square foot build-to-suit project for Amazon, bringing its total ownership in the Charlotte area to approximately 1.2 million square feet.

INDUS Realty Trust, Inc. (Nasdaq: INDT) announced its upcoming financial results for the third quarter of 2021, set to be released on November 4, 2021. Following the release, a conference call will take place on November 5, 2021, at 11:00 am ET, to discuss the results and provide a business update. Participants can pre-register for the call to receive a passcode for immediate access. INDUS manages 43 properties totaling approximately 5.3 million square feet across various states, including Connecticut and Florida.